This is an automated archive made by the Lemmit Bot.

The original was posted on /r/nanocurrency by /u/Kibbium on 2024-01-27 02:43:19.

Original Title: Whether you like the project or not, the numbers don’t lie - with Ӿ35,000 volume in one week (~$40,000), Nyano Cats have already proven to be a significant and beneficial project for the Nano ecosystem

Not a fan of NFT’s? That’s fine.

Not a fan of Nyano Cats, since they’re digital art rather than NFT’s? Completely understandable, then this project isn’t for you.

But according to the metrics, this project is interesting for a lot of people within the Nano community. The public mint this past Sunday sold out 10,000 Nyano Cats for Ӿ2 each in just one hour. Since then, the price and volume have been steadily increasing, and some have even sold for well over Ӿ100 each!

Why should you care, though, and how exactly does this help Nano? Even if you aren’t personally a fan of the project, there are tons of reasons we should all be rooting for its continued success if we want Nano to thrive:

  • Nyano Cats provide a way to trade and spend Nano on something fun and Nano-related through an intuitive UI. It’s just like going out and buying something with Nano in real life, except it’s quick. The entire process of creating an account at and buying a Nyano Cat takes about 1 minute.
  • To buy a Nyano Cat, you have to first withdraw your Nano from an exchange. This is incredibly important for Nano, as it not only improves decentralization by removing voting weight from the most popular representatives, it also introduces people to the beauty of Nano. As we all know, once you experience a feeless and instant transaction, you’re hooked. There’s no going back :)
  • For Nano to grow, people need to become aware of its existence. Many people from other crypto communities are comfortable with NFT’s, so Nyano Cats can be used as a familiar stepping stone for those people to find out about Nano. We’re already seeing this happen with giveaways that some members of the community have done for their own audiences.
  • Unlike NFT projects like Bitcoin Ordinals or Ethereum Punks, nothing in this project is ‘on-chain’. This means that no matter how popular it gets, it will never bog down, spam, or alter the Nano network in any way.
  • The creator of the project has some very rare Nyano Cats, and he will be auctioning them off in the near future with all proceeds going to the Nano dev fund. Similarly rare cats have sold for over Ӿ1,000 each, so these could end up being quite significant donations.

It will be interesting to see how things turn out with this project as it evolves alongside Nano. Whether you like the project or not, just remember that it helps out Nano in the numerous ways above. And after all, if it wasn’t for community-driven projects like this, Nano’s growth and interest would plateau.