NFT

What is CryptoNinja Partners (CNP)? – The biggest DAO in Japan

Hello, everyone. Yurutake (@yurutake_crypto) here.

I’m writing articles for my own crypto blog and for a well-known web3.0 media site called Ganverse Media.

This article is a deep dive into CryptoNinja Partners (CNP), one of the largest NFT collections in Japan.

CNP is the largest DAO in Japan. NinjaDAO released startling 22222 NFT collections!!!

This article includes:

What’s CNP?

CNP’s Advantages

Understanding NinjaDAO

How to Buy CNP

 

What’s Crypto Ninja Partners?

Taken from the OpenSea – CryptoNinja Partners

Here are some examples of the CryptoNinja NFTs. CryptoNinja’s (Genesis 0) is announced to be limited to 50 pieces, each of which is hand-painted by Rii2, a famous artist, and all are unique.

The floor price at the time of writing is 29 ETH($5800). That’s a super high price.

You will see that the ninjas have cute characters attached to them. These sub-characters are CryptoNinja Partners (CNP).

There are a total of 22,222 CNP characters, categorized into four types.

 

*Taken from the official Ninja DAO website

  • Janome’s partner: Orochi the white snake
  • Hayate’s partner: Narukami the hawk
  • Xiaolan’s partner: Lily the panda
  • Seori’s partner: Mitama the ghost

The CNP is the NFT collection in which they are the main characters.

The CNP is generative art. Generative art is a form of art that in whole or in part has been created with the use of an autonomous system.

That means no 22222 illustrations are exactly alike!

22,222 NFTs were released on May 15, 2022, with an initial selling price of 0.001 ETH ($2).

Within two weeks of the release, the price soared to more than 0.1 ETH. The price has already increased more than 100 times, making it the leading NFT project in Japan.

In contrast to the recent cooling of the crypto market, CNP has had a great, steady growth since its launch. NFT traders throughout the world, sensing the excitement, seem to be getting in on the action.

Since CNP was launched after the community matured, many community members who are not just in it to make money have become holders. The large number of long-term holders is likely to be a factor in supporting the price.

 

What’s Great about Crypto Ninja Partners?

CNPTaken from CryotoNinja official website

One of the attracting points that many CNP holders find is the ability to participate deeply in NinjaDAO.

DAOs are also known as self-sustaining decentralized organizations. It is a group of like minded people who come together and operate together without a central administrator!

Even before NinjaDAO launched CNP, community members were working autonomously like DAOs. But by becoming CNP holders, they become even more active and deeply committed to NinjaDao.

It seems to me that the CNP was created in order for NinjaDAO to become a true DAO.

The reason for the high sales volume of 22,222 pieces, and the price of $2 per piece, a price that anyone can afford, is probably due to the desire to make NinjaDAO a place where everyone can be a part of.

Advantages of Owning a CNP

NinajaDAOTaken from NinjaDAO official website

The official NinjaDAO website states that “CNP is a membership card to fully enjoy the advantages of NinjaDAO.”

The benefits of being a CNP holder:

  • Priority access to NInjaDAO events
  • Priority purchase rights to new NFTs that come out of NInjaDAO
  • Possibility to get something from new projects

and more.

As long as NinjaDAO continues, CNP holders will continually gain new experiences and value.

NinjaDAO projects
  • Crypto Literacy Test
  • Metaverse Live
  • School Project
  • Ninja’s Picture Book
  • Web 3.0 Channel on YouTube

Many more projects are underway in addition to those listed above. More information can be found on the NinjaDAO Community in Discord.
NinjaDAO Discord

Various projects are currently underway, and new projects are being born one after another.

The Challenge of a True DAO

DAO is a buzzword these days, and you see the word DAO in various NFT projects. However, the reality is far from positive, and in the end, most of them left to the management.

・Most NFT projects
Holders are just waiting for the management to take action.

・NinjaDAO
Holders themselves take action to increase the value of CNP

NinjaDAO’s characters have flexible commercial rights, so anyone can use any character they want.

Just as Bitcoin is a DAO for digital currency, where participants develop and manage the currency, NinajaDAO is a DAO for characters, where CryptoNinja and CNP are developed by the members.

DAOs are a new form of organization and the legal framework is not yet in place, so there are still challenges for NinjaDAO to become a true DAO.

One of the attractions for CNP holders will be the opportunity to experience the process of NinjaDAO becoming even more of a DAO.

 

How to Buy Crypto Ninja Partner

CNP can be purchased on the world’s largest NFT marketplace – OpenSea, which uses ETH as its payment crypto currency since CNP is on the Ethereum chain.

The whole process goes like this:

STEP1:Install Metamask

STEP2:Send ETH to Metamask

STEP3:Buy CNP with OpenSea

Quote from OpenSea CryptoNinja Partners.

You can buy it by hitting the “Buy now” button on the listing page of your favorite CNP. Note that it is better to prepare about $100 more for ETH because of its high gas fee.

Become a CNP holder and enjoy NinjaDAO to the fullest!
NinjaDAO official website

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