3. NEO-NINJA
NEO-NINJA NFT collection is no longer being developed.
The NEO-NINJA NFT collection was launched with the opening of the Raydium Fusion-Pool that offered incentives in $NINJA for providing $NINJA+$USDC liquidity.
With challenging market conditions the collection lost momentum and failed to sell out.
The mechanics were adjusted to include a buyback mechanic.
Followed by the release of the NEO-NINJA dashboard and the NEO-NINJA game.
The NEO-NINJA metaverse was created with wallet integration and the ability to challenge other players in a top-down puzzle solver.
Future plans included building out the world with more custom 3D character models and assets.
Despite these efforts, the NEO-NINJA collection continued to fail in attracting new minters for the past 6 months.
Due to the failure to complete the mint over this extended period, we have decided to shelf the NEO-NINJA NFT collection and game.
With the end of the Raydium Fusion-Pool emissions, the liquidity locked to the pool will be evenly distributed to all NEO-NINJA NFTs.
Snapshots will be taken of existing holders and a draw for free mint tickets for the remainder of the NEO-NINJA NFT collection will take place.
Unminted "22" and the "Golden Ninja" NFTs will still payout their respective $NINJA rewards after being minted regardless of being a paid or free mint.
The liquidity distribution for the buyback wallet will be split between the "22" and "Golden Ninja" NFTs.
Half of the buyback wallet distributions will be rewarded to the "Golden Ninja" NFT and the other half will be split between the "22" NFTs.
NEO-NINJA NFT collection will still continue to participate in the Ninja Protocol ecosystem despite the development of the NEO-NINJA collection being shelved.
Refer to the following chart for how the liquidity pool will be distributed.
One of the main functions of the NEO-NINJA NFT collection was to create a mechanic where the collection will be able to retain its value by placing the mint fee into the liquidity pool that earned $NINJA emissions for holders.
NEO-NINJA NFT holders have collectively been paid $22,157 in $NINJA emissions and $980 in royalties thus far.
Holders have also been airdropped NINJA-PIXEL NFT mint tickets for free providing a growing 0.25 $SOL value with our other NFT collection.
As mentioned above, the NEO-NINJA NFT collection will continue to be a part of the Ninja Protocol ecosystem.
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