SEOUL, South Korea--(BUSINESS WIRE)--hhnms, the provider of the world’s first metaverse department store THE 75007, announced that BROWN CITY TYCOON's membership NFT sold out on May 31st (KST). This is good news amidst the difficulties facing the Web 3.0 market, and suggests that the attractiveness of a project is crucial to overcoming difficult market conditions.
Brown City Tycoon is a South Korean DAO that allows holders to manage a whiskey bar. As owners of a whiskey bar, BROWN CITY TYCOON Membership NFT holders participate in all aspects of management, including location, interior, and whiskey selection. Their decisions will be implemented by a professional operation team. At the same time, holders can enjoy premium services in their own whiskey bar as VIP customers.
Brown City Tycoon consists of two memberships. The RED membership nFT is priced at around USD 2,800 while the black membership nFT with more benefits is priced at USD 9,000. Despite the high price tag, each pre-sale schedule was met with enthusiasm. The pre-sale sold out within 24 hours, followed by the early bird sale, the first sale, and the second sale, all of which were also sold out.
Brown City Tycoon is one of the projects in THE 75007, which is the world's first metaverse department store that is building a blockchain ecosystem with BYPE as its governance token. In February, THE 75007's opening exhibition featured a holographic fashion runway by CloneX. NFTNYC 2023 was their global debut, where a number of VCs and investors asked them positive questions and expressed interest in their upcoming projects.
BYPE and THE 75007 plan to implement the Brown City Tycoon project starting in June. They will also launch an attractive web 3.0 project that will be located on 13 virtual floors in THE 75007, just as BROWN CITY TYCOON exists in the Invisible Lounge on the 12th floor of THE 75007.