TwelvePepes: Ripples on The Blockchain

Everything you need to know about the TwelvePepes NFT Project... plus some alpha!

Estimated Read Time: 5 min

Hey friends,

Welcome to our Project Breakdown on TwelvePepes. Our intention with this article is to fully inform you on the past, present, & future of the TwelvePepes NFT Project.

Yes, that’s right. We said future. You might ask, ‘How do you know the future of TwelvePepes’? Well, one of our writers actually co-founded the project. So, that’s how!

With that being said, we intend to be unbiased throughout this article and hope you leave here with a full understanding of the project… plus some alpha.

Before we get into things, we’d greatly appreciate any subscriptions to our newsletter. We report on how legacy brands are innovating with NFT technology, recent degen news, and sometimes we break down unique projects like this.

The Past: How YugaLabs Inspired TwelvePepes

To understand the inception of TwelvePepes, you’ll have to think back to the recent YugaLabs Twelvefold mint (sorry for putting that graphic in your head). As most know, this mint was an overall disappointment due to its poor art and crazy BTC prices.

But, sometimes one man’s trash is another man’s treasure. In this case, that was true for a couple of lads out of Hong Kong & Germany. ChatGPT, cue a quote:

And just like that, TwelvePepes was born. After 12 hours of head-down work, TwelvePepes released a Twelvefold derivative consisting of 2,000 NFTs (on ETH) with art that far surpassed the original Twelvefold work. As mentioned in their OpenSea bio: “Twelvefold, but with Pepes. For degens too poor for Bitcoin. No Discord”.

Things did not get off to a smooth start — while they were waiting for their mint to go live, all their artwork was stolen off IPFS and released as a second collection by a group of scammers. Crazily enough, this duplicate project actually blew up and got on BLUR’s Trending page until it was finally flagged and removed from marketplaces.

Unfortunately, this crushed TwelvePepe’s momentum and things were slow for a few days, with the 2,000-supply mint stalling at 300-ish mints. But, this was short-lived as volume did eventually pick back up and all of a sudden the entire collection was minted out. People started to appreciate the high-quality art and the meme on TwelveFold was a cherry on top.

The sudden increase in demand led to TwelvePepes hitting #1 on OpenSea while generating $1,250,000 in sales volume over the course of 3 days. At this point, the founders knew they had to continue building. And this is where things get interesting.

As they were developing their next meme, Doodles decided to release their infamous ‘gold socks’. The art was equivalent to that of a kindergartner and the entire collection left people feeling quite disappointed. But, this was the perfect opportunity for TwelvePepes to swoop in with their high-quality, high-effort memes.

TwelvePepes curated a brand-new 2,000-piece collection of ‘TwelveSocks’ and promised each holder a free claim on a per-token basis. Within 6 hours, TwelvePepes had already taken a snapshot of their current holders and the meme was spreading on Twitter.

Fast forward to the afternoon of Thursday, March 16th and holders were able to claim their free pairs of TwelveSocks while also trading them on marketplaces. These NFTs started trading between .02 & .045 ETH within the first 24 hours of launch. TwelvePepes had successfully printed ETH for all their holders.

The Present: How Doodles Inspired TwelvePepes

It’s the morning of Friday, March 17th and the public mint is set to go live in a few hours. Since about 1,400 of the 2,000 TwelveSocks have been claimed, 600 will be going up for sale via public mint at 12PM EST for .0069 ETH each.

Shortly after the mint takes place, all of the TwelveSocks will be revealed. In case you’re wondering how this sock game works, you can find details here:

Here’s one of the 1 of 1s. Inspired by the one and only, Poopie.

Maybe it’s a sick sense of humor, but that looks like a pretty elegant piece of poop, doesn’t it?

The Future: Who Else Could Inspire TwelvePepes?

Soooo… The Future. What’s next for TwelvePepes?

Although we can’t predict which project will drop an absurd collection next, we do know of a couple initiatives on the roadmap.

  1. Collectors of all 12 sock colors will be receiving more than just a gold-colored sock airdrop. These holders will also be receiving a special gold coin that will be a top-tier asset in the ecosystem. This plays into our next point.

  2. The announcement of the TwelVIPepe collection, made up of ERC-1155 tokens. The gold coins will be the most sought-after assets in the TwelVIPepe collection… but they won’t be the only items in the collection. Who knows what these ERC-1155 tokens will unlock in the development of the collection.

  3. But, it doesn’t stop there. What’s the most overused term in this space? Advisors. TwelvePepes wants LOTS of advisors. We will leave it at that.

That’s a wrap for today’s project breakdown on TwelvePepes. At the end of the day, we’re all just here having a good time on the blockchain and hope you can look at these types of projects through the same lens as well. We appreciate anybody who made it this far and encourage you to tweet at us if you have any further questions or comments!

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DISCLAIMER:

None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.