Crypto Samurai – Cardano NFT
A project that wants to introduce the art and style of Japanese Karate to the CNFT world.
Concept
Crypto Samurai is a project unlike any other that I have seen so far; It’s philosophy is based around a Cardano Stake Pool (KYOKU) and the whole concept around the art of fighting. But how can the philosophy and concept, connect? Let’s see, the main idea is to create a profitable passive income for the owners of the Crypto Samurai NFTs.
Specifically, this will be achieved by means of NFT staking, meaning that the more you own – the better the reward. Interestingly enough, the team plans to stake the floor price of each NFT into the KYOKU stake pool by using smart contracts and the rewards generated will be paid to the holders. But here is the tricky part, the rewards will be paid out in the project’s own currency – Kyoku Token.
Thus far into my research, the project has given us a brief explanation of what the team’s vision is. Therefore, we can understand that it is a utility-based one. However, we need to wait for the release of the upcoming whitepaper to enlighten us on the usecase behind the Kyoku Token and what exactly do they mean by staking the floor price of the NFTs.
Team
It seems that the team behind the whole project is kind of anonymous, as I couldn’t find any reference to who they actually are and what their background is. Nevertheless, we at least do get how many comprise the team and their names.
In particular, the team consists of five members, excluding the main star on whom the NFTs are based on. And that because it is not clear enough if he is a part of it. Anyway, let’s introduce the team, shall we?
First of all, we have the crypto-enthuasiasts and founders of the project, Alex and Daniel. Next, there’s Tommy, a creative designer with an experience of over 20 years. Furthermore, we have Victórs, who I deem to be the artist of Crypto Samurai – a professional photographer. Finally, we have Greg, the man behind the whole tech development.
Overall, I guess we can consider the team to be somewhat credible, just because of Jan Soukup . However, I believe that we as investors need to be able to understand to whom we invest our money to. So basically, what I am saying is that the team needs to introduce themselves properly as well and provide at least a personal social media account.
Discord & Twitter
The community is definitely a part that needs a lot of improvement because the members are very few. And as a result the engagement is really low as well, on both Twitter and Discord. What I believe the team should do is increase their presence in the CNFT Twitter spaces and showcase their project. This way more people will be aware of Crypto Samurai and at the same time increase the team’s credibility even more. Finally, I am not sure how a project collaboration could work, just because of this unique artform but that is also one route that the team needs to consider.
If you want to follow Crypto Samurai’s social media you can check here:
Artwork
As I have said above, the artwork is very different than what we are used to in the NFT space. The project uses the art of photography to provide a collection of Kyokushin techniques by the renowned Jan Soukup. Kyokushin is a full-contact martial art, school of Karate originating from Japan. Lastly, it is important to note here that these NFTs are a tribute collectibles of Jan’s Karate career.
You can see some examples of the artwork below:
Website
The website is definitely informative up to a certain point but here comes my claim that we need the promised whitepaper. Because there is information that needs a thorough explanation. In terms of design, it is spot on and I believe that it aligns with the concept and artwork. Finally, I can also see the professionalism behind it – not just the Crypto Samurai page but the KYOKU stake pool page alike.
Roadmap
The roadmap is displayed in a very simple way and in my opinion doesn’t need much else. From it we can derive basically the whole concept and vision, plus some extras as well. To illustrate, aside from the staking and token release, we will have a physical book release (probably related to the Kyokushin fighting style) and a metaverse integration (meaning that you will able to display your NFTs in different metaverses).
Closing Thoughts
Crypto Samurai has definitely a lot of positives and that mainly concerns the passive income opportunity. However, we need to understand what other usecases will the Kyoku token have, other than existing. Because if there is no other plans in store for it – it will just become another meme coin. And consequently the passive income will not exist. Finally, I believe that it is necessary for the team to start adapting to the CNFT space and get the word out for their project.
