The Bull Case for Everai

Some thoughts on the anime meta

If we look at previous projects, it’s clear that there is an inherent demand for anime related projects, in particular mechas.

Mekaverse has been by the far the most hyped project we’ve seen so far, sustaining 5–10 eth floor pre-reveal before it came tumbling down after the reveal and fraud allegations.

Having a first mover’s advantage in this space hasn’t shown to be too helpful. We can see this with what’s happened with Azuki’s predecessor, 0N1 force. Heck, even Cryptopunks, which are known for their historical value aren’t the first NFT project on Eth, but instead the most successful of the first collections.

Cryptopunks, BAYC have made their cultural mark. Azuki is in the process of doing this in the anime market, if they haven’t solidified their mark already. What’s clear though, is that there’s been a hype cycle involving anime related projects. To quote Su Zhu, very rarely do people people get hyped or excited about something that doesn’t eventuate. In markets and technology, this is almost always true.

With the predecessor anime projects, the hype was not validated for a variety of different factors. Allegations, botched technical implementations, art not resonating with target group, etc.

Mekaverse, for example was inspired by the Gundam series and showed that there was a huge demand for mecha related projects.