A Blockchain Treasure Hunt

Release Date
December 26, 2021

UndeadGold – Elrond NFT

A digital treasure hunt on the Elrond Network Blockchain, where you will need to unveil the secrets of the Undead. And reach the grand prize.


UndeadGold is a project that deems itself as the first ever blockchain treasure hunt and I have to admit the concept sounds awesome! Indeed, those of you that have taken part in a treasure hunt, know how this activity can get you excited. I mean all the riddles that you have to solve, the team spirit that you have to raise and the intriguing reward that await you at the end of your adventure. In our case, we have a digital treasure hunt that grants the winners rewards in Bitcoin, Ethereum and even Gold coins.

In detail, the treasure hunt will begin when all the Undead NFTs are distributed to the community. However, certain milestones need completion as well to start getting rewards. For instance, once the Twitter account reaches 10k followers, the team will start releasing hints to a seed phrase of the wallet containing 1 Bitcoin. As such, a milestone of 20k members on Telegram refers to a wallet containing 20 Ethereum.

Furthermore, there will also be a real world treasure hunt where only the Undead NFT holders will be eligible to participate. And the rewards will be 50 Gold coins and 10 Ledger wallets containing 100EGLD each. Thus far we have no clues on how or where this real world treasure hunt will be implemented. But we will get a complete explanation once the game begins. Also, it is quite interesting for me to know the “how” because holders may vary from different parts of the world. So, will we need to travel to a certain location to retrieve a reward?


The team consists of three members with a special guest as a forth. To begin with, we have Seph, whose title is the Ruler of the UNDEAD. So probably the mind behind the concept? Moreover, there’s JonJon, who as far as I can understand is the Director of the project. Also, we have Spike, the Community Manager. And last but not least, the special guest and part of the team, according to the website (and why not?)Rex, an actual pet-dog.

Now as far as transparency is concerned, the team makes it clear that in order to keep the funds safe and the competition fair for everyone, they will remain anonymous. Indeed, this is a safety measure as long as a real world treasure hunt is involved. But I believe that we could have something more about them. Like for example a small bio, explaining their roles clearly or let us know at least who the artist is? I get that the whole concept includes some kind of mystery but come on, this is a serious project we are talking about.

Finally, I would like to address the anonymity from the fairness point of view. And ask how exactly this will bring fairness to the competition? How are we sure that there are no other parties affiliated with the team? Do not get me wrong, I am not attacking the team or the project. But on the contrary I am just asking obvious questions that any potential investor would ask. And I don’t blame them considering all the scams that exist in this decentralized space. So I want to add here my usual advice for the investors: “Check the artwork first and if you like it, then start researching the project”.

Telegram & Twitter

In this part of my research I usually look into the community that a project has on Discord and Twitter. As both of those are the most common places to gather one. However, in this case the team decided to go with a Twitter account and a Telegram. Of course, this is not a problem at all, so let’s move forward.

The community is average considering Twitter and Telegram combined, counting a little over 3k members. So basically a very new project. But in comparison to other similar sized communities, the engagement we receive here is great, even though the treasure hunt did not start yet. And it seems to be growing with each passing day. So, with the current growth I believe that the main treasure hunt will begin soon. And what remains to unveil now is how it will happen.

If you want to follow UndeadGold’s social media you can check here:


The artwork depicts undead skulls in a variety of traits that of course act as a Profile picture. The details, I have to add, are simply staggering, matching the artwork of the big Comic Book Companies. And being that, this is my favorite kind of art, I simply love the whole shading, little crushed details and the coloring that is used.

Furthermore, there are only going to be 10k pieces and their acquisition will act as an entry to the whole concept as well. Also, as each Undead distribution reaches a minting milestone, there will be rewards in EGLD – reaching 500 coins in total.

You can see some examples of the artwork below:


The website given that it is the main source of my research, contains everything that you need to get familiar with the concept and all its details. It clearly explains the NFT distribution phase and its prizes, the future plans, introduces us to the treasury and unveils the fund allocation. And all of that gives me an understanding that the team has nothing to hide, in terms of project transparency.


The roadmap is really informative and aside from giving us a timeline, we can see that there are a lot of plans for the future. In particular, there are plans to move into additional treasure hunts and not only in the digital world but also in the real world. However, the main question about the real world remains – how?

For more details check the roadmap here.

Closing Thoughts

UndeadGold is a project with a very unique concept that the more publicity it takes, the more people it will attract. Not only for the artwork but the rewards that go along with it. Also, the project I believe, even if it was just an art-based, deserves a spot as one of the best PFP style projects. Moreover, we have an anonymous team that prefers to remain as such for safety reasons. However, in my opinion they should at least have a small bio and not stay completely in the dark.

Unique Concept
Intriguing Rewards for Holders/Participants
Active Community
Astonishing Artwork
Informative Website & Roadmap
No Team Information


This site was created to give you an idea of the existing projects and in no condition should you invest in it just by reading the reviews. In each review you can find all the links to the project and I strongly urge you to do your own research before moving forward.

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