Victory Square Technologies Inc (CSE:VST, OTCQX:VSQTF) has announced that its portfolio company Next Decentrum has launched Crypto Pharaohs, an iconic collection of digital collectibles inspired by the culture and heritage of ancient Egypt.
The tech-focused incubator said generative NFT (non-fungible token) collections like Crypto Punks and Bored Ape Yacht Club have been at the forefront of the explosive growth of the NFT market.
It noted that, according to Rarity.Tools, which is tracking the sales of 550 generative NFT projects, the all-time sales volume of these NFT projects is over $10.6 billion.
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Victory Square said Crypto Pharaohs was born out of a love for Egyptian culture and fascination with its ancient civilization. A limited NFT collection of 7006 cryptographically unique majestic collectables, programmatically brought to life, endowed with power and magic.
“We are thrilled to launch an NFT collection that brings together great storytelling and stunning visuals to pay tribute to the most remarkable and awe-inspiring civilization to ever exist,” Next Decentrum founder and CEO Hussein Hallak said in a statement.
“Crypto Pharaohs is part of our digital content strategy to extend the utility and experience of our NFT platform to a wider audience.”
Victory Square said the collection was developed with the help of the leadership team at DAF, a pioneering digital solutions fintech company revolutionizing the Egyptian healthcare sector. Teams for both companies are planning and working on several projects drawing inspiration from the rich Egyptian art and culture scene, it added.
“We are excited to work with the team at Next Decentrum who have great passion for art and culture,” DAF founder and CEO Hatem Kandeel said.
“With the global popularity of NFTs, this project is a brilliant first step to bring Egyptian art and culture to the Metaverse.”
Crypto Pharaohs will be released in a series of NFT drops with unique experiences and rewards. Collectors from all over the world will be able to claim Crypto Pharaohs using the Momentable platform, a proprietary NFT platform developed by Next Decentrum on the Flow blockchain.
“As an avid gamer and Egyptology buff, this collection was an absolute pleasure to work on,” said Melissa Anne Morgan, lead product designer at Next Decentrum.
“Our aspirations are for this collection to become a game where collectors' actions have impact on the big challenges we face in the real world.”
Victory Square said collectors looking to claim Crypto Pharaohs must join the waitlist at CryptoPharaohs.World to be the first to know when the first 372 Crypto Pharaohs will be available to claim on January 7, 2022, at 7pm PST.
Vancouver, British Columbia-based Victory Square builds, acquires and invests in promising startups, then provides the senior leadership and resources needed for fast-track growth.
Contact the author at stephen.gunnion@proactiveinvestors.com