Buddles

Brand / Tool
Blockchain: Solana
Collection Size: 5000
Mint Date: 28th March 2023
Mint Price: 3 SOL
Current floor price (ME): 0.0194 SOL
Total Listed (ME): 371
Total Sales (ME): 8,767.50 SOL
Project verified by
Last review update October 31st, 2023

About Buddles

Disclaimer:

As of October 30th, Buddles has been taken over by Lumineers_NFT

About

Buddles is aiming to bring long-term sustainability and accountability back to the NFT space through AI and DAO tooling. They plan to do this alongside a fun community-focussed culture and have identified three key pillars to a successful project.

  1. Top Tier Art
  2. Commitment to Community
  3. Refreshing and Unique Utility

Interestingly, absolutely none of the mint funds will be used to pay the team and instead me invested into the Buddles Project. The team will only be paid from a percentage of royalties earned on the collection.

 

 

Buddle Orbs

Buddle Orbs are the Genesis Collection for the project and offer early supports exclusive utility and access in preparation for the main collection mint.

 

Buddles (Main Collection)

The main Buddles collection represents your membership pass into the Buddles Community and the value streams provided.

 

Buddle DAO

Not just another unnecessary Discord group. The Buddles DAO will primarily be funded from 45% of the mint revenue as well as 3% of every secondary market transaction. Holders will be eligible to vote on how these funds are used in determining future business ventures of Buddles DAO.

 

Buddle Labs

Buddles Labs aims to bring a suite of innovative new DAO and AI tools, marketing support and experiment designs on Solana. It will initially be funded by 30% of the mint revenue. The labs will incorporate:

  • DAO tooling
  • AI Tooling
  • White-Labelled Tooling
  • Marketing
  • Startup Incubator Program

 

Buddle Valley

The Valley looks to reinvent how communities interact, cooperate and grow in a fun environment on the Solana Ecosystem. The Buddles team will be introducing a range of initiatives to assist in built relationships, networking and fostering collaborations within the Valley.

 

Buddles Remixed – Season II

On July 17th 2023, Buddles announced Season II through their Portals upgrade mechanism.

 

 

 

Utility

Buddles Orbs

As early supports of the Buddles project, Orb holders will initially receive the following benefits:

  • An airdropped buddle that is uniquely designed in accordance with the Orb’s themes (i.e. a Golden Orb holder will receive a Golden themed Buddle). There are 5 different types of Orbs (50 of each) with the Golden Kingdom trait being the most coveted.
  • An additional guaranteed mint for Buddles
  • Orb holders will have a 10% chance of attaining an additional airdropped 1/1 Buddle
  • Future airdrops provided by acquisitions from the Buddles Incubator
  • Much more to be announced

In addition to the above, it has been noted that Orbs will always remain a quintessential element of utility for the Buddles Ecosystem in conjunction with a main collection Buddle

 

Buddle Labs

DAO Tooling

Despite the term ‘DAO’ being thrown around a lot in the space, there are very few resources available for a DAO to function in the way it really ought as per its definition.

Buddles lab will look to solve this through the creation of:

  • Community Portfolio Tracking
  • Community Proposals
  • NFT weighted voting
  • Bounties

 

AI Tooling

The tools created under this umbrella will be holder-gated to provide such utility exclusively to holders. They are focussed on optimising productivity and providing insight into the Web 3 space. These tools include:

  • AI-powered trend predictions through aggregation of marketplace and wallet data
  • Social Engineering
    • A creators’ hub interface that will assist those looking to establish an online presence with identifying social trends, generation of tailored content and helping to increase your SEO
  • AI integration into marketing
  • AI integration into Buddle Valley

 

White Labelling of Tools

Tool suites can be white-labelled for use by other projects to help provide the Buddles ecosystem with a revenue stream. A percentage of this revenue will be shared with holders. Details on how this will work specifically will be determined once the team has had the opportunity to navigate and establish partners for the adoption of their tools.

 

Start-up Incubator Program

The Start-Up Incubator Program aims to create value for Holders as well as give back to the Solana Ecosystem as a whole.

As an endeavour of goodwill to the Solana community, Buddles will be actively exploring mutual beneficial acquisitions within the Solana space, whether that be de-rugging projects or paid acquisitions. These projects will be provided with a new foundation as well as the opportunity for a new leader to take over the project through the Buddles University Founders Program.

These ventures will both help distressed projects and provide Buddles holders the inside scoop on projects being acquired and turned around which could present a multitude of opportunities.

 

Buddle Valley

Community is widely recognised as the most important aspect of a successful NFT project and Buddle Valley aims to provide a truly unique community experience. Centred around rewarding engagement and building partnerships, it will represent a crucial component of the Buddles project.

Community participation will be incentivised with a questing system where winners can unlock special perks, rewards and roles within the server.

 

Ambassador Program

The Ambassador Program will help members of the community looking to increase their social presence and gain recognition in the space. Holders will be able to leverage their membership in Buddies to feature their tweets directly to the community with an audience ready to engage.

 

Buddle University

Buddle University has been created to be a frictionless platform for holders looking for careers within the Web3 space through direct support and hands-on learning through Educational Courses such as:

  • Founders Course – for those aspiring to become Founders of their own projects. Those who have completed the course will have the opportunity to put their hands up to lead projects that have been derugged or acquired through the Startup Incubator Program and have ongoing guidance in their journey.
  • Web3 Employment Course – for those looking for other roles in Web3 such as community management, collab management, alpha calling, moderation and marketing.
  • NFT Analysis Course – for those looking to invest in NFTs. The course will cover market analysis, conducting due diligence and much more.

Those who complete the course will receive formal certification which will act as a recognition of their competency.

Art
Team
Team Members Role
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Riley Campbell a.k.a. Dystopian

Twitter: @bleakvalue

 

Matthew Morgan a.k.a. Mattious

Twitter: @BullishBleak

Review

Art

Anyone who knows me will be aware that I am certainly not an art connoisseur. Whilst bad art (in my opinion at least) can certainly turn me off of a project, I’m not someone who typically appreciates the better end of the spectrum. That being said, the artwork for this project is what caught my eye because it’s probably one of the few projects where I thought the art was absolutely stunning. The orbs are just gorgeous and I’m glad that there’s no intention for them to be burned into the main collection which in their own right, have very clean artwork as well.

I would however like to see some high-resolution close-up images for people to rock as PFPs as opposed to the full body shots.

 

DAO

Let me preface this by saying that I am typically a cynic. Especially when it comes to people. Admittedly, it’s refreshing to see a DAO that actually intends on functioning like a DAO and not just another glorified Discord chat that eventually dies down. That being said, I’m a big believer in the concept of ‘too many cooks’. In my experience at-least, DAOs only work if they are made up of a small tight-knit group that typically work well together, have a rapport and can hash out issues productively. Big groups who don’t know each other? Much harder to function peacefully and are susceptible to whales coming in and dominating the voting process. Maybe I’ll be proven wrong and I’d be very glad if I am.

I do wonder as well if the holdings within the DAO also create a ceiling on the floor price of the Buddles NFT. What I mean is, if every Buddle NFT is entitled to a share of the DAO, the value of that share will be reflected in the floor value of the NFT.

 

DAO Tools

This is probably the part I’m most intrigued about at the moment. A clean interface for DAO management would be very useful for groups actually wanting to function like true DAOs.

 

Startup Incubator Program

I’ve got to be brutally honest, I’m not a huge fan of this for several reasons:

  • Derugging projects is VERY difficult and requires a lot of capital. More often than not, as a new project Founder with a new idea, you’re better off starting fresh on a new project than trying to take over a rugged project that will typically have minimal funds and a bitter community. It’s just an unnecessary uphill battle.

 

  • The ecosystem is already saturated with a multitude of nothing-burger projects, most of which need to just die and not be de-rugged. Like any new venture, a wide array of projects will pop up, most of which will die off only leaving the strongest to survive. I would reference the dotcom bubble and the ICO boom in Crypto as historical examples

 

  • I’m not convinced competent Founders can be created through the University program because at the end of the day, nothing beats experience and above all else, experiencing a multitude of failures. I don’t fancy being the guinea pig on a person’s first project.

I am also extremely wary of the advertised ‘inside scoop on acquisitions’ for Buddles holders. Why? Because it means Buddles holders have the opportunity to buy into a project that is seemingly dead and buried for what will most likely be a very cheap entry. News of the acquisition gets out, maybe the project gets turned around and people start seeing value in it. Guess who is there ready to dump on everybody else buying in after the fact? The Buddles holders. Unless measures were introduced to freeze those who buy into the project from dumping on everyone else for a certain period of time, the cynic in me sees this as a potential glorified pump and dump.

 

Season II

My initial instinct is I honestly don’t know what they did in Season I before announcing their Season II.

Something that especially irked me was their recent Twitter campaign featuring a DeGod ‘giveaway’. There are few things that irk me more than a blatantly misleading campaign that gets off on a technicality but I’ll allow you to make that assessment for yourself as this is just my opinion.

The campaign encouraged more engagement from people on Twitter under the guise of potentially winning a DeGod – but that was never the case, at least in the way anyone would expect. They technically gave away a DeGod by giving it to their DAO with Buddles holders getting fractionalised ownership. As a marketing tactic, I guess it worked but I’d be lying if I said it didn’t irk me.

 

 

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