Trick or Treat: Will Halloween NFTs be hauntingly good or too spooky for crypto?

Halloween is traditionally known for costumes, candy, and trick-or-treating, but this year, the holiday is becoming the virtual world as the metaverse unfolds. As such, non-fungible tokens, or NFTs, are being created to display Halloween themes in hopes of attracting collectors looking for themed releases.

Although Halloween-inspired NFTs appear to be a new concept, the NFT artist Etsploit told Cointelegraph that Halloween has a certain cultural significance that cannot be discounted: โ€œI think people will collect NFTs for Halloween in a similar way to limited editions. of NFT or releases of Something else. "

In light of this sentiment, Etsploit launched the โ€œMango Heroesโ€ project, which is a series of NFTs built on the Solana blockchain and inspired by the decentralized trading platform Mango Markets. Etsploit noted that 7,000 "Mango Heroes" will be available on October 31, along with a portion of the special edition Halloween collection. โ€œWe will give away a Mango Hero reminiscent of Jason from the Halloween movie series to a member of our Mango Heroes discord who has contributed the most to the growth of our community,โ€ said Etsploit.

Source: Mango Heroes

In addition to Mango Heroes, an NFT series created by NFTignition known as "Monster Bash" launched just in time for Halloween 2021. Danielle Davis, founder of NFTignition, told Cointelegraph that the Monsters Bash collection features 10,000 NFTs based on classic monsters. living on the Ethereum blockchain: โ€œThe collection features a series of generative artworks that come in both human and monster form. Your "hooman" status will transform into a monster before your very eyes. "

Davis shared that the goal behind Monster Bash is to pay tribute to monsters from classic movies like vampires, mummies, and werewolves. Like most NFT projects that appeal to collectors looking for specific themes, Davis explained that the Monster Bash selection is intended to spark nostalgia in people when viewing these creations.

Source: NFTignition

Uncanny Apes has released another edition of Halloween NFT, a collection created by the Imperium token team featuring 5,999 "misfit" apes. JB Shaw, co-founder of Uncanny Apes, told Cointelegraph that the Uncanny Apes Halloween edition features a "ghostly team of spooky apes with their own different level of uniqueness."

Shaw shared that the Imperium token will kick off the rollout with a limited 666 NFT release of the weird primates: โ€œThe Halloween Edition apes have a total of 25 different possible traits with five different categories (backgrounds, headgear, hairstyle, glasses and facial expressions) ".

Source: Uncanny Apes

While the crypto community releases killer mangoes, transforming monsters, and colorful apes, some celebrities and major brands have also created Halloween-inspired digital collectibles.

For example, American businesswoman and television personality Martha Stewart released an NFT Halloween series this month currently showing on Fresh mint - Stewart NFT's own website. According According to sources, one of Stewart's NFT collections features several of the Halloween costumes that the eclectic TV host has worn over the years. Others display a painting of Roy Lichtenstein, a "black widow" and a "ghostly horseman." Some of Stewart's notable NFT releases also include the work of the Brooklyn-based collective "Maniac Pumpkin Carvers."

Staying true to the vast Martha Stewart brand, it has also been observed that customers interested in these NFTs can bid on offers such as "Custom Carved Pumpkin" while also requesting the creation of specific non-NFT designs. On October 19, Stewart stated in an Instagram post that this is the first of many NFT collections he plans to make. release.

If Martha Stewart's NFT collection wasn't scary enough, it may come as a surprise that Spirit Halloween, the largest Halloween retailer in North America, is also showing off an NFT collection this year. Spirit Halloween recently Announced a partnership with Upland, a blockchain-based metaverse, which would allow the retailer to present some of their most iconic Jack the Ripper costumes within the virtual world of Upland.

Celebrating Halloween in the metaverse with NFT

What is arguably interesting about the Spirit Halloween NFT collection is the utility behind it. For example, the full launch of the Spirit Halloween NFT packs began on October 25 and features Halloween-themed game pieces called "block explorers." After launch, Spirit Halloween will take over the Upland metaverse with its NFT bundles consisting of in-game decorations, scary block explorers and "Legits" from Upland, which is a new generation of interactive NFTs.

According to Dirk Lueth, co-founder of Upland, Legits incorporates 3D designs that are optimized for a mobile experience. Lueth added that these new NFTs will offer an additional layer of gamification that "die-hard Spirit Halloween fans will want to collect, trade and display, including a higher level of interactivity."

Source: BEAR NFT

Decentraland, another blockchain-based metaverse, is also celebrating Halloween with NFT by partnering with BEAR NFT and several other organizations to produce a Metaverse event called "NFTs are Dead." The virtual gathering is scheduled for October 31st and will act as Decentraland's official Halloween party and concert.

Ryan Kieffer, event producer and co-founder of BEAR NFT, told Cointelegraph that NFTs will play an important role, given that Decentraland's virtual land is a non-fungible token. Kieffer added that NFT wearables will be shipped to users during the event:

โ€œGuests are invited to wear their best costumes for photo opportunities, a costume contest, and other fun surprises. Attendees should also be on the lookout for a secret special VIP guest who will wear a 1/1 wearable and reveal himself to those staying for the party's grand finale. "

According to Kieffer, the purpose of such an event is to bring people together in the metaverse, which appears to be an ongoing post-COVID-19 topic. In addition to virtual Halloween gatherings, Davis commented that Monster Bash collectors can earn passive income through in-game tournaments. โ€œThere will be a pit against other monsters, with one reigning supreme each time! Each of the monsters has its own unique traits, allowing them to be better in some contests than others, โ€Davis explained.

Interestingly, virtual games that take advantage of NFTs may be one of the best apps for Christmas-themed non-fungibles. Recent data from the Worldwide Asset eXchange found that there has been significant growth in NFT. driven on an increase in gaming activity, noting that more than $ 1 million in NFT trades were generated on the platform in the last month alone.

Will Halloween NFTs be a trick or a continual treat?

While Halloween-themed NFTs certainly seem to be in abundance this year, some may wonder if this will be an ongoing trend or just another chance to jump on the NFT bandwagon while it's hot.

Although the future of cryptocurrencies is difficult to predict, Kieffer believes there is room for more Halloween-focused NFT launches, especially with wearables that can be used as costumes. In Kieffer's view, several luxury fashion brands have also launched NFT collections to wear virtually as the concept gains ground.

Related: Culture converges with blockchain as luxury fashion brands launch NFT collections

Echoing Kieffer, Etsploit commented that Halloween-themed NFTs could gain traction after a few years. "However, I think that currently most people are looking for what will be the next first-class project in the long term," he said. Shaw further commented that the Halloween edition of Uncanny Ape may be too market-specific in general, but he believes that the main line of Uncanny Apes will pique the interest of collectors.

Davis further commented that although the Monster Bash collection was released during the days leading up to Halloween, the collection is not specifically a Halloween project:

โ€œWe think monsters are for all the holidays, they are spooky friends all year long! Just because Halloween is over doesn't mean functionality stops or art gets worse. We believe that while there will be an obvious vacation-specific correlation in the market, that will not prevent our community from existing and growing. "