Sugartown Doubles Down on Degens With Latest High-Stakes NFT Mint
Sugartown’s newest NFT drop screams ’ape at your own risk’—another play for crypto’s most reckless gamblers. The project leans hard into its degen roots, serving up another round of speculative mania wrapped in pixel art.
Who needs fundamentals when you’ve got vibes? The mint cuts straight to the chase: no utility, no roadmap—just pure, uncut hopium for traders who think ’FDV’ stands for ’Fantasy Dollar Valuation.’
Meanwhile, traditional finance bros clutch their pearls. ’But the tokenomics!’ they cry, before quietly FOMO-ing in anyway.
Tomorrow, the allowlist mint will open for just an hour from 12 pm until 1 pm ET. At 2 pm Wednesday, a public raffle will occur, with no regular public sale.
Degens without any special NFTs or allowlist access will have to buy their way into the ability to mint in the last stage with “deposit entries” — the more entries bought, the higher the chance they might be able to mint. It’s like a lottery, but if you don’t get in, your entries will be refunded, according to the team.
A lot of this feels like it’s prohibitive for casual gamers, but suitable for degens. The Sugartown website remains token-gated, so I can’t even see if anything’s live there yet.
But Ora holders can get access to whatever’s on the other side.
Sugartown advisor Bharat Krymo argued that all crypto games have an element of gambling during an X Space yesterday.
And Tommy Ngo — who is Sugartown’s co-founder, D20 Labs’ co-founder, and formerly Zynga’s head of Web3 product — said during that Space that he wants those who do snag Cores to feel “really rewarded” for hanging onto them.
But a disclaimer in the Sugartown Discord server tells buyers that the platform’s NFTs “are not an investment product or business opportunity.”
Sugartown is a game platform where players connect their crypto wallets and can choose from a number of different minigames, including gambling or “social casino” games, plus poker and “hypercasual,” fast-paced minigames.
There are three minigames so far, all crypto-themed: the 2D scroller NGMI, the climbing game ATH, and poker game RNPC (Royal Nutz Poker Club).
Abstract co-inventor Michael Lee has said Sugartown has five games in the works in total.
Sugartown has also promised a token, WIN, at some point, but when that might launch remains unclear.
Abstract, a relatively new ethereum L2 chain that’s tried to target crypto newbies, is home to a number of other gambling and social casino apps already with names that speak for themselves, like Gamblor, Riskiiit, and Koala Coin Toss.
Degen szn continues.
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