Tykes NFT Project Breakdown - V1

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We plan to continue covering Tykes as this project develops, so please subscribe if you'd like to receive future updates, NFT news, giveaways, and more!

Tykes NFT Deep Dive (V1)

In today's edition of Morning NFTea, we are breaking down another wildly unique project - Tykes. This project is primarily geared towards real estate professionals, but anybody involved in Web3 can find value here and the way Tykes is using NFT technology in a fashion that we've never seen before, so stay tuned as we begin to break this down.

As always, these breakdowns are here to help people gather a full understanding of the NFT project and how the NFT technology is being used. Unlike our previous breakdowns, nobody at Morning NFTea is currently invested in this project.

The Founder - Ryan Pineda

The first subject worth diving into is, of course, the founder. As we've learned through history, having a doxxed founder is quite important. Founders that have been doing business for a number of years with a proven track record tend to give communities a degree of trust that is far more difficult to gain when the founder is anonymous.

Fortunately for Tykes, their founder is extremely doxxed due to the fact that he has been building and promoting this project to his 239,000 YouTube subscribers, 276,000 Instagram followers, and 1.1 million TikTok subscribers over the last year. Founders having massive social followings are not a new concept to those who have been following Morning NFTea, as our recent project breakdowns have covered The Nelk Boys who founded Full Send Metacard, and Iman Gadzhi who founded Gents Croquet Club.

Just like the founders of our previous breakdowns, Ryan Pineda is an ultra-successful businessman. Ryan started in Real Estate back in 2010, and since then he has founded 6 different 7-8 figure companies. Most of these businesses are within the Real Estate sector, although he is also involved in Ecom & Financial Services. As a byproduct of these businesses, Ryan now owns 480+ rental properties and has accumulated over 400 million views on social media.

It's important to note that Ryan has also brought on a team of employees to help with day to day operations. This includes a Co-Founder/Director, Head of Marketing, Community Manager, and 2 Senior Developers. The community at Tykes is certainly in good company, which is great because this eliminates any sort of speculation towards rug pulls or fraudulent activities.

The Utility

Community/Team

As mentioned on the BiggerPockets podcast, Ryan views Tykes as a Digital Real Estate Mastermind. Similar to Gents Croquet Club, holding a Tykes NFT gives you access to a community of like-minded people that are heavily involved in Real Estate. This will help holders connect with other real estate professionals, investors, Web3 experts, developers, entrepreneurs, and more. These holders will also receive exclusive access to invest in certain start-up businesses, real estate deals, metaverse land deals, and more.

Aside from having an array of like minded individuals around you, you'll also be supported by Ryan's team who is constantly setting up educational events for topics like cold calling, house flipping, land flipping, crypto analysis, and growing your social network, etc. As seen below, Tykes sets up over a dozen events per week which are all released in the discord.

Of course, having a solid network around you is important and a great utility, but this isn't the first time we've seen this. You're probably thinking, what else is Tykes bringing to the table?

Tykeshares

Nearly a year ago, Ryan went ahead and bought a $1.5 million home in Las Vegas, Nevada. Similar to a timeshare, this home will be available for vacation throughout the year. The difference is this property will only be available to holders and will be rented by using their own digital coin - $Tycoin. This coin will be earned by staking your Tykes NFT on the Ethereum blockchain. Ryan has also opened up an application process for other holders to submit rental properties that will be included in their portfolio of Tykeshares.

Real-Life Events

Lastly, Tykes will be hosting a handful of real-life events for holders. If you've followed Ryan for some time, this will come as no surprise since he's been knocking these events out of the park for a couple of years now. Ryan has always believed in the power of in-person meetups, trainings, and conferences, etc, and now he is doing this on a more exclusive level. Unlike your average in-person mastermind, you can expect to find a more refined/focused group of individuals at these events since these holders primarily consist of his most loyal followers and clients.

The Vision

Aside from the utilities at Tykes, there also happens to be a pretty unique vision playing out. Ryan sees quite a few issues with how real estate works today, which he plans to fix alongside the Tykes community through the power of blockchain technology and tokenization.

Real Estate Funds

Ryan already has his own fund, although the biggest issue he and many other fund managers face is getting people to lock up their money for 5+ years. Even though investing in real estate funds can oftentimes be very lucrative, many investors avoid it due to the long lockup periods.

Going forward, Ryan plans to evolve these funds through NFT collections. This would give investors far more liquidity and allow these funds to trade similarly to a stock.

Blockchain Title Companies

Currently, the purpose of Web2 Title Companies is to verify that the seller has the legal right to sell the property to the buyer. Unfortunately, this takes lots of time & costs a fair chunk of money. Ryan plans to also bring this process into Web3 through the power of blockchain and smart contracts.

Now you're probably asking, what if somebody gets the deed to their house stolen because they lost their seed phrase or got their wallet drained through a malicious link? This is where Ryan plans to partner with the Tykes community so they can build up the necessary infrastructure to support these services. It's clear that there needs to be more 3rd party services that support safety and education in Web3, and the Tykes community is equipped with all the resources to make this happen.

GTM Strategy / Mint Details

The Tykes project consists of 5000 NFTs minted on the Ethereum blockchain.

We've seen a number of different GTM strategies through various projects, but nothing quite like this one. Over the last decade, Ryan has built out a massive network of clients, investors, colleagues, friends, etc. Due to the nature of this project, many of these individuals expressed interest but didn't know how to safely get involved. Keep in mind, these aren't your average 20-year-old degens. Many of these people are in their 30s or 40s and have never even bought crypto before. So instead of opening up all 5000 NFTs to the public and making it a free for all, Ryan decided to conduct a very hands-on presale.

Ryan and the Tykes team opened up 4900 whitelist spots (yes that's right, 98% of the project was sold during presale) and gave 5 of these spots to each person who was already a client or investor in one of his businesses. This filled up the majority of the spots, and the rest were given to community members who were already in the discord.

Each NFT costed $500 during presale and the only form of payment taken was credit cards. This allowed the Web2 folks to easily get in on the action. The Tykes team also implemented a white-glove process where they individually met with the new holders and showed them how to setup a wallet, claim their NFT, get in the discord, and so on. This is a beautiful display of how a Web3 company helped onboard a bunch of people from Web2 into a space they were unfamiliar with and we'd expect to see more of this in the near future.

All in all, the presale was a great success. The Tykes team quickly sold out for a total of nearly $2.5 million and will be selling the remaining 100 NFTs on the open market for 1ETH each on August 30th, 2022. It will certainly be interesting to see how this plays out once the project goes live, primarily due to the fact that a large majority of these holders have 0 intentions of ever selling. This community is used to buying assets that they hold for decades on end, which should translate into a healthy foundation for the Tykes NFT project.

Final Thoughts

In conclusion, Tykes is trying to build a Web3 Real Estate powerhouse of the future. You could say they've already had success considering they sold out nearly $2.5 Million worth of NFTs through their presale, but true success is defined by the actions of leadership & the community over the coming years. There are certainly plenty of opportunities out there in Web2 & Web3 Real Estate, and Tykes is equipping their community with the resources to take advantage first.

If you're interested in learning more about Tykes, we'd recommend checking out the resources below!

Discord │ Twitter │ Instagram │ Website

We'd like to personally thank anybody who has made it this far. We're a young company just getting our feet off the ground, so every bit of support is greatly appreciated. If you found value in this article and want future Tykes updates alongside a quick digest of the latest NFT news, we'd recommend subscribing to our bi-weekly newsletter here.

Until next time,

Wicky & Bucky

Connect with us on socials for a more personal experience! 👇

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Other Project Breakdowns

Gents Croquet Club

Full Send Metacard

Article Time Stamps

Published: August 29th, 2022

Tykes Floor Price: NA - Minting Tomorrow for 1 ETH

ETH Price: $1,485.00

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.