Introduction

This article mainly elaborate the status of the Crypto Simeji project that was quite popular before, and whether it is a suitable time to buy it now. Crypto Simeji is a pixel-style mushroom NFT avatar created based on the IP mushroom of the Japanese input method Simeji App launched by Baidu Japan. Simeji Japanese input method has tens of millions of daily active users in Japan, leading generations of young people to express their attitudes and ideas bravely and creating a diverse community. As Simeji's first step into Web3.0, the project is released in the form of Free mint.

Analyze

Crypto Simeji is a collection of NFTs on Ethereum with a total circulation of 10,000 pixel-style mushroom PFPs. The project belongs to the CCO collection, and the public copyright takes 5% royalty. According to the introduction on the Opensea, the Simeji NFT will be the passport to the metaverse of the project, and the future benefits and interests of holders will be unlocked through the roadmap, but there is not much planning information about the roadmap at present. Judging by the language selection button of Discord, the current holders are mainly from East Asian countries, with the most players in China, Japan and South Korea. The background of this project is specifically as follows. Baidu Japan built Simeji which is an input method application that focuses on emoji. They signed a business alliance agreement with ITI Group to jointly launch the Crypto Simeji project. There are several companies under the ITI Group whose business is mainly advertising media, KOL incubation, NFT, and gamefi-related businesses. Baidu provides the IP of Mushroom, and ITI provides the operation and maintenance of community operation and NFT technology. So this project is not a pure Baidu project like the ones that are hotly discussed on the Internet.

One of the reasons why Simeji has such a high degree of attention in the Chinese NFT circle earlier is because the project was led by Baidu, an Internet giant that has already been well-known in global. 

However, the giant Baidu wouldn’t be able to support the enthusiasm of the whole project. After all, the floor price of the project was only 0.07eth on September 29, and it had soared to 0.3eth on September 30, that was nearly three times the floor price. The reason for the high popularity, in the final analysis, I think there should be several aspects.

1. Crypto Simeji is a free mint project. If you could acquire a whitelist, and then you can get a NFT at almost zero cost, and basically there is no risk.

2. Crypto Simeji has adopted the CCO protocol, which means that holders have very large commercial rights to the NFT they hold, and I think this is one of the reasons for raising the investment value of NFT.

3. The predecessor of Crypto Simeji is the famous Simeji input method in Japan. It can be said that it is one of the most popular mobile phone input method apps in Japan. It has rich data as its endorsement, and it attracts traffic easily. The official website announced that the profits of the Simeji input method company will be used for dividends to attract more people to hold NFT.

4. ITI operational capabilities. Crypto Simeji was promoted by many KOLs, and a big number of bloggers with high volume of fans popularized Simeji on Twitter. There are even some people who release a kind of insider rumor on Twitter. Created a strong Fomo emotion.

Personally, I feel that the current fluctuations of the project party itself are actually quite large. On the one hand, the whitelist is excessively issued, and on the other hand, the project party abruptly changed the public sale originally scheduled for August 30th to September 14th. , which is very puzzling. Furthermore, the project does not have a complete roadmap, which makes me think that the project party does not have an ideal plan for itself.

At present, the transaction volume of the project is obviously insufficient, and the popularity has declined. Investors who are interested in Crypto Simeji can continue to pay attention to the dynamics of the official website of the project. If there is a more complete update of the roadmap information in the later period, and if financing is raised and invested in the project, then I think it would be a better time to start. At least, not a good time for now.