Gigaverse Announces Giga Legends Minting Process
Written with artificial intelligence.
Gigaverse has unveiled the minting details for its upcoming Giga Legends NFT collection, which will be exclusively available through the conversion of existing assets. The minting period runs from November 16 to December 1, with no allowlist or public sale, prompting a swift market reaction.
Giga Legends Minting Details
Gigaverse is launching its flagship Ethereum-based NFT collection, Giga Legends, with a unique minting process that deviates from conventional methods. From November 16 to December 1, Giga Legends can only be acquired by converting existing Gigaverse assets, eliminating the need for an allowlist or public sale.
Conversion Process
- GLHFers Airdrop: Holders of the original Ethereum collection, GLHFers, will receive a one-for-one airdrop of Legends upon completion of the minting window, maintaining their existing artwork.
- ROM Conversion: Abstract-based NFTs, known as ROMs, will be burned for points, with 24 points needed for each Legend. Points vary based on tier, from 3 for common Silver ROMs to 36 for rare Voids. Any leftover points can be spent on gacha machines or transferred to another wallet.
Strategic Shift
This move reflects Gigaverse's transition from a single-game focus to a broader franchise, with Gigaverse Online currently under development. The team emphasized that assets should not be tied to a single product's economy, making it easier for new players to engage without requiring older NFTs.
Market Impact
The announcement has significantly impacted the market, with the floor price of ROMs dropping 42% to 0.027 ETH (approximately $61), and trading volume surging over 2,000%. Meanwhile, GLHFers saw a 23% decrease to 0.245 ETH (around $546). With both pathways to Giga Legends costing roughly the same now, holders must make quick decisions to avoid losing their assets when the Abstract chain goes offline.