CryptoNinja Partners (CNP) reigns as the top NFT collection in Japan. This generative collection of CryptoNinja sub-characters was launched on 15 May 2022 with the vision of sharing the world of CryptoNinja with as many people as possible.
Although only about five months have passed since its launch, it has grown into a very popular collection that, at this point (end of September 2022), has increased approximately 1,300 times from the initial mint price, and various initiatives and services are still being developed that are not limited by these numbers.
In this article, the current status of CryptoNinja Partners (CNP), a very popular collection, is analysed and various initiatives currently underway are introduced.
Read this and you’ll be proud to be a “CNP Master”.
Let’s read up on CryptoNinja Partners (CNP) together.
スポンサーリンク- About CryptoNinja Partners (CNP)
- Why CryptoNinja Partners (CNP) is a promising investment
- Benefits of becoming a CryptoNinja Partners (CNP) holder
- Subscription right to the channel “Office-Generative” in “Ninja DAO” Discord
- Right to participate in “BURNIN” event
- Right to use “CNP Friends” application
- Right to use “CNP OWNERS”
- Right to use the original marketplace “Xinobi.xyz”
- Participation in “Rium Metaverse” events
- “Sozaiya-CNP” is released
- CNP’s official LINE account is now available
- Right to participate in the C2E (Check to Earn) program
- Various initiatives of CryptoNinja Partners (CNP)
- Summary of this issue
About CryptoNinja Partners (CNP)
First of all, let’s review some basic information about CryptoNinja Partners (CNP).
Incidentally, the initial selling price was 0.001 ETH (rate conversion as of mid-May 2022: approximately 1.5 USD).
Basic information about CryptoNinja Partners (CNP)
- Founder: Mr. Road
- Marketer: Mr. Ikehaya
- Launch date: 15 May 2022
- Number of units issued: 22,222
- Initial sales price: 0.001 ETH
- Official website: https://www.ninja-dao.com/cnp
- Official Twitter: https://twitter.com/cnp_en
- OpenSea URL：https://opensea.io/collection/cryptoninjapartners-v2
At present, after “Mazegori episode 2“, it is the second largest generative collection in Japan in terms of number of issues.
How to purchase CryptoNinja Partners (CNP)
To purchase NFT such as CryptoNinja Partners (CNP), you need the crypto asset Ethereum (ETH).
If you don’t already own Ethereum, you should initially purchase Ethereum (ETH) on a crypto asset exchange. The recommend exchange is “BYBIT“.
The last chapter of this article will also explain why.
You can also create an account at the link below.
Secure with strong security（Open a Free Account）
You can then send the Ethereum (ETH) you purchased on the exchange to your MetaMask wallet and connect your wallet to OpenSea to purchase.
● How to purchase CryptoNinja Partners (CNP)
- Open an account with BYBIT
- Prepare your MetaMask wallet
- Purchase Ethereum (ETH)
- Send Ethereum (ETH) to your MetaMask wallet
- Connect OpenSea and MetaMask wallet
For more information on how to create a MetaMask wallet, please refer to this article.
Why CryptoNinja Partners (CNP) is a promising investment
Click on the “Activity” tab from OpenSea’s CryptoNinja Partners (CNP) collection page to view information on trading history. One of the most noticeable recent trends that can be observed here is the increasing demand for so-called large volume purchases in one go.
This clearly indicates that more and more investors are seeing CryptoNinja Partners (CNP) as an investment vehicle. Enclosing such investors improves the supply-demand balance, which is one of the factors that will reduce selling pressure on the floor and drive prices higher.
Incidentally, the buyers in the red-framed area purchased 50 items in bulk at this time. At an average purchase price of 0.69 ETH (market value in 1,587 USD), this translates to an approximate investment of 55,000 USD. Whether this is a high investment or not is a matter of self-determination, but personally I feel it is undervalued.
Why is it considered “undervalued”?
As a clear criterion, let’s first consider the market capitalisation (overall price valuation of the collection), comparing it with major international collections.
Currently (end of September 2022), CryptoNinja Partners (CNP) has a market capitalization of 19,174 ETH, which is the value of the top Japanese collection at the moment.
Meanwhile, let’s look at the market capitalisation of the major international collections.
| Collection | Number of issues | market capitalisation |
| CryptoPunks | 10,000 | $1,302,629,259 |
| Bored Ape Yacht Club | 10,000 | $606,507,242 |
| Mutant Ape Yacht Club | 19,400 | $224,836,803 |
| CLONE X | 19,400 | $64,715,637 |
| Doodles | 10,000 | $46,713,613 |
| Azuki | 10,000 | $123,457,406 |
| Moonbirds | 10,000 | $42,715,725 |
| CryptoNinja Partners | 22,222 | $30,042,158 |
All of the major international collections listed above are issued as PFP-based NFT that are intended to be used as profile images on social networking sites.
In some collections, original items are airdropped as a give-away to holders, and in the case of Bored Ape Yacht Club in particular, 10,000 tokens called “APE” were distributed to collection holders in mid-March 2022 at a ratio of 10,000 for each NFT. There is a history of distribution.
In terms of marketing strategies for major overseas collections, airdrop privileges for holders have a significant impact on demand and on the price formation of collections.
Under these circumstances, Moonbirds’ issuer, Proof, raised JPY 7 billion at the end of August 2022, led by Silicon Valley VC major a16z, and Doodles raised JPY 7.8 billion in mid-September 2022, also led by VC 776 Manegement. In mid-September 2022, Doodles raised JPY 7.8 billion in equity led by VC ‘776 Manegement’.
The basic policy is to channel the funds into the development of overseas collections by raising equity through the issuing entity.
Communities with a strong and overwhelming presence
On the other hand, CryptoNinja Partners (CNP) was created under the leadership of one of the largest communities in Japan, NinjaDAO, which is a major difference from the major international collections. Strictly speaking, CNP is developed as a business of the company run by the founder, Mr Road, but it is backed by one of the largest communities in Japan, NinjaDAO, which is a very significant factor.
What this means?
The point is that the percentage of fans supporting the CryptoNinja Partners (CNP) collection is by far the largest. The number of issues is 22,222 more than the major international collections, but the high proportion of large holders is also one of the characteristics of CryptoNinja Partners (CNP).
The high proportion of large holders also helps to maintain floor price formation on marketplaces such as OpenSea, and is a factor in floor price increases as it removes selling pressure.
One indicator of this situation is the listing rate on the OpenSea floor, which can be found on the collections page. The listing rate, which is the percentage of the number of items sold on the OpenSea market in relation to the number of items issued, has remained extremely low at around 3% for CryptoNinja Partners (CNP).
In terms of development, the fact that it is led by Mr. Ikehaya, a genius marketer who can maximise the appeal of CryptoNinja Partners (CNP) and put it into a marketing strategy, is also very significant. The fact that it is led by Mr. Ikehaya, a genius marketer who is able to maximise the appeal of CryptoNinja Partners (CNP) and put it into a marketing strategy, is also a very significant factor.
In addition to the investment aspect of the major international collections, the fact that it is a collection created by the entire NinjaDAO community and the high quality of the related projects that will be developed in the future is what makes the CryptoNinja Partners (CNP) collection so special. And the quality of the related projects that will also be evaluated in the future, is a major factor in further increasing the value of the collection.
Sakura Update（CNP contract migration）
Sakura Update is CNP contract migration, which will took place on April 29, 2023.
With this contract migration, CNP held after April 29 will have no value and a new version of CNP of the same type as those held will be airdropped. The OpenSea page for the old contract CNP will also be removed.
The following three points will be improved by this Sakura Update.
- Reinstatement of royalty fee collection at the time of sale
- Implementation of CAL (Contract Arrow List)
- Freezing function at the discretion of management in the event of theft
As mentioned in the “Blur Riots” the purpose of ① above is to stabilize the revenue base by ensuring the existing 10% royalty and to prevent the floor price from decreasing due to botter activities, because CNP’s future operations will be hindered if the revenue base is damaged due to marketplace decisions.
In addition, the above ② and ③ are intended to prevent a sudden drop in floor price and limit damage to value by implementing an anti-theft function and quickly implementing a freezing decision by the management in the event of theft.
And with this update, transactions on “Blur” will be blocked.
Benefits of becoming a CryptoNinja Partners (CNP) holder
When you purchase CryptoNinja Partners (CNP) with OpenSea and become a holder, you are entitled to a wide range of benefits. And, as more and more of these benefits will be added in the future, you will be able to enjoy a more fulfilling NFT life.
It’s only been five months since the collection was released and CryptoNinja Partners (CNP) is just getting started.
Let’s check out what benefits you can receive in this chapter together.
Subscription right to the channel “Office-Generative” in “Ninja DAO” Discord
“Ninja DAO” is one of the largest communities in Japan that created CryptoNinja brand and currently boasts around 44,000 registered members. Within it, there is a channel called ‘Office-Generative’, which only CryptoNinja Partners (CNP) holders can subscribe to.
Here, the development history of CryptoNinja Partners (CNP) up to its creation is logged, and the owners exchange their opinions on the current analysis of CryptoNinja Partners (CNP) and future trends. Just by following the logs, you can come into contact with very useful information.
This is a great place to learn if you are planning to create an NFT generative collection or to learn about marketing techniques.
In the “Office-Generative”, CryptoNinja Partners (CNP) owners engage in lively discussions on a daily basis.
Right to participate in “BURNIN” event
“BURNIN” is an event that allows players to exchange their existing CryptoNinja Partners (CNP) characters for new characters that are newly introduced each time.
This event is based on the English “Burning”, which literally means that once you exchange (burn) a character, you can say goodbye to the character you exchanged it with (the character is supposed to “return to the village”) and welcome a new character instead. The new character will be welcomed in its place.
The memorable first event was held on July 31, 2022, and was an exchange event for “Luna”, a rabbit character. Many owners exchanged their “Orochi” for the less popular snake character at that time, resulting in a decrease in the number of “Orochi” elements, which in turn made them more rare.
It is very interesting to note that the sales strategy of convenience stores has been adopted in this “BURNIN” which aims to maximize sales in a limited sales space by “eliminating deadweight products”.
At the time of the first “BURNIN”, the popularity of “Orochi”, a snake character, was sluggish, and this had a negative impact on the price of CryptoNinja Partners (CNP) in OpenSea floor.
However, the implementation of “BURNIN” and the decrease in the number of “Orochi” elements conversely increased the scarcity value, and the adorable and cute appearance of “Luna” as a new character gained popularity, which increased the overall value of the collection and the price.
The fourth “BURNIN” event is scheduled to take place from December 20, 2023 to January 17, 2024, and will release new characters, the twin cats “Towa & Setsuna”.
In addition, the NFT item “katashiro” is required to participate in the event, and minting this item will allow you to proceed to “BURNIN”.
The following are the planned distribution targets for “Katashiro”, so be sure to check them out.
Right to use “CNP Friends” application
“CNP Friends” is a communication app for CNP owners only, released on September 2, 2022 and available for both iOS and Android.
At present, the communication function and the step counting function were implemented on October 14, 2022. With this step counting function, users can earn CNP point based on the number of steps they take up to 8,000 steps.
The points earned in the beta version were reset once on April 17!
In the future, commemorative NFT will be awarded to the top monthly cumulative walkers, which will surely make the application even more enjoyable for owners.
There are also plans to implement a feature that would allow owners with multiple CryptoNinja Partners (CNP) owned to lend NFT to those who do not own them.
This functionality will also increase awareness of CryptoNinja Partners (CNP) by allowing un-holders to use the application, and will expand the scope of the game content if owners of multiple holdings can lend the application to un-holders and receive a lending fee in CNP point.
This is still a beta version, so you will need to install the “Test Flight” app before installing the “CNP Friends” app, so if you would like to become an owner and use the app, please refer to the following instructions to install it.
On April 11, 2023, it is finally available on the App Store. Download it here and experience “CNP Friends” for yourself.
The conclusion of a basic agreement between CNP and CCC (Culture Convenience Club) was announced on April 20, 2023. It would be interesting if this conclusion leads to the future linkage of CNP point with “T Point” developed by CCC!
You can also authenticate and log in through MetaMask on your PC browser. This is a convenient feature for those who do not have the MetaMask application on their mobile phones, and the procedure is described below.
Authentication Procedure (for iOS)
- After installing “CNP Friends”, access the authentication site from your PC
- Click on the “Connect with MetaMask” tab on the authentication site
- Connect “MetaMask” and display the QR code (the code is valid for 5 minutes)
- Start “CNP Friends” application and tap the “Wallet Linkage” tab
- Select “PC (web)” and tap “Read QR Code”
- Use the camera to read the QR code displayed on the authentication site
- If you can log in, you succeeded
Right to use “CNP OWNERS”
“CNP OWNERS” is a special website where CryptoNinja Partners (CNP) owners can receive various benefits. By becoming an owner, you can receive discounts and special offers from a variety of partner restaurants and accommodations.
The benefits for the partners include increased sales by adding CryptoNinja Partners (CNP) owners to their customer attraction strategy, and from the owner’s perspective, this can be viewed as one of the utilities that can be gained by owning the site.
At present (June 2023), the number of registered stores has grown to 160, and the site has grown to become an attractive site where customers can receive services from not only domestic but also overseas stores.
Click here to visit the website and take a peek at the contents.
Right to use the original marketplace “Xinobi.xyz”
This service can be easily understood as a CryptoNinja Partners (CNP) version of a marketplace such as OpenSea.
One of the early discussions at the conceptual stage was a concern about the “0% royalty problem” that is spreading among overseas NFT marketplaces.
Normally, when an owner sells an NFT collection on a marketplace such as OpenSea, the royalty and marketplace fee set in advance by the project owner are deducted from the sale price, and the owner receives the remaining difference.
This royalty is usually set in the range of 5-10%, and the royalty is used to generate revenue for the project and fund new activities.
However, if royalty-free becomes a common practice, it will be a matter of life and death, as the operating project will have no revenue.
Furthermore, the sales commission on OpenSea is currently set at 2.5% of the sales amount, but this is a surprisingly high commission for the owner, especially when selling high-value NFT.
The original marketplace concept is to break down these problems by making it a zero-based marketplace with no sales commissions, thereby increasing the number of use cases by expanding the options for Purchasing and selling NFT. If the 2.5% sales commission deducted by using OpenSea becomes zero by using “Xinobi.xyz”, many players will naturally decide to use “Xinobi.xyz” to trade.
If royalties can be set freely in the proprietary marketplace, the project management side will be able to secure a certain level of revenue. However, without a large fan base that is willing to support the project even with royalties, this profit model will not be feasible, and this is where the power of the community comes into play.
And if “Xinobi.xyz” is established as an NFT marketplace in the future, it will naturally have greater potential for monetization in all areas, so it can be read as a preemptive development.
This service will be announced here as soon as it opens.
Participation in “Rium Metaverse” events
“Rium” is a Japanese domestic metaverse service developed by Translimit Corporation, and CryptoNinja Partners (CNP) is preparing to incorporate various entertainment elements into this metaverse space.
On the space designed above, there will be a variety of devices that can be participated in using ninja tools that will be developed in the future.
So far, “treasure hunt” and “kunai throwing competition” games and live events have been held, and this is one of the use cases that are looking forward to further development.
As for ninja tools, “Scroll (red)” was released as the first release.
A system will also be developed in the future whereby the “Scroll (Red)” can be used in the Ninja Village in Rium to get the Ninja House NFT.
There is also a plan to implement a system whereby the colors of each colored scroll can be multiplied to change the color of the scroll.
The idea is that the final “scroll” that is changed to a rainbow color can be used to evolve the character of the CNP that you own.
In addition to Rium, “CNP Land”, a unique entertainment space, was built on “The Sandbox” and released on August 30, 2023.
“CNP Land” is a ninja theme park where visitors can enjoy collecting scrolls and playing mini-games to fully experience the world of CryptoNinja.
You can enter “CNP Land” from here, and enjoy it!
“Sozaiya-CNP” is released
“Sozaiya-CNP” is a download site that is completely free for commercial use.
No membership registration is required, and anyone can use more than 100 illustrations designed by CNP’s characters.
By designing them as one point of reference for pamphlets, flyers, website production etc., you can be sure to create a production with a cute charm.
Click here to visit the website of “Sozaiya-CNP” where you will find many cute illustrations.
CNP’s official LINE account is now available
Anyone can easily register as a friend, even if you are not a holder of this account, and you will be able to receive special information about CNP, so just register.
Currently, the ChatGPT function has been installed, and you can enjoy chatting with CNP’s character “Makami”.
To register as a friend, please click here.
Right to participate in the C2E (Check to Earn) program
Released as a test version on November 15, 2023, the program is a new mechanism that allows you to watch CryptoNinja Partners (CNP) grow as an IP while participating as a holder.
In order to receive the reward, the holder must register in advance by entering the necessary information on the dedicated site within “CNP Friends” and can participate in the program when a deal from an external company is released.
After the project is successfully approved and the payment from the external company is confirmed, the holder will receive the reward, ETH (Ethereum), via the dedicated site from Bucket Inc, which is run by the founder, Mr. Road.
The deadline for receiving the reward is within 180 days from the date the reward is generated, so please check it out.
You can register for the C2E (Check to Earn) program here!
Various initiatives of CryptoNinja Partners (CNP)
In this chapter, I will introduce you to the various initiatives that CryptoNinja Partners (CNP) is pursuing.
While the various benefits offered to holders will undoubtedly enhance the value of CryptoNinja Partners (CNP) from a long-term perspective, there is no other example of a project that approaches value enhancement from a different angle than CryptoNinja Partners (CNP).
About “Furusato CNP”
This service is a new initiative based on the theme of “Regional Creation through NFT” in which CryptoNinja Partners (CNP) and local governments team up to offer CryptoNinja Partners (CNP) secondary products as tax returns for hometowns.
As a first step, it has been announced that the program will start as a return gift in Yoichi Town, Hokkaido. Yoichi Town is famous for its wine made from grapes grown in the cool region and for being the place where Masataka Taketsuru, the father of Japanese whisky, built his distillery in order to create his ideal whisky.
CryptoNinja Partners (CNP), designed with motifs of many local specialties, will be offered as a return gift, and there is no doubt that it will be very popular as well. This time, 222 types are available as return gifts, and the main character has been chosen as “Luna”, a rabbit.
There are also plans for a mechanism that will allow the holder of this “Luna” to raise the level of NFT when visiting Yoichi Town as a travel destination.
Assuming that similar initiatives will emerge in other municipalities following Yoichi Town this time, this will be a move that will lead to local development with high expectations and high impact.
The acceptance of applications will start at 18:00 on October 21, 2022, and we are very much looking forward to it.
The acceptance has been changed to October 28, 2022, 18:00 start time.
The result was still a click war. And it was sold out within just 3 minutes of the start of the event, which shows the high level of attention it has attracted.
The next release is scheduled for February 18, 2024 (starting at 18:15 JST) with the 13th release scheduled for Yubetsu-Town, Hokkaido.
You can pre-register here, so please register if you are interested.
About Japanese Yen and Bill Payment Service
This service was released on October 22, 2022, primarily for companies in Japan.
In order to purchase NFT, users need to buy Ethereum (ETH) on a crypto exchange, send it to your ‘MetaMask’ wallet, and then connect your wallet to the marketplace to make your purchase. The aim is to increase purchase opportunities by simplifying the purchase process and facilitating the accounting process for companies.
It is also intended to solve the difficulty for companies in obtaining corporate accounts on crypto exchanges. An increase in the number of CryptoNinja Partners (CNP) held by companies will reduce the pressure to sell in the marketplace in a short period of time and increase revenue opportunities by moving away from a revenue structure that is currently dependent on royalty income from the marketplace.
Once profitability stabilizes, the holder will benefit further by being able to expand services for various use cases and allocate development funds to new projects.
To use this services, please use this request for quotation form and then follow the instructions.
Summary of this issue
So far, I have introduced some of the initiatives and use cases being prepared at this time, but one aspect that can be sensed that is growing into a collection that offers far more benefits of ownership to its owners than major international collections, and where the benefits of long term ownership can be fully felt, is the following CryptoNinja Partners (CNP).
Once again, CryptoNinja Partners (CNP) collection has only been on the market for about six months at this point. In such a short period of time, CryptoNinja Partners (CNP) is the top NFT collection in Japan with tremendous speed and overwhelming sense of style.
As a holder of the collection, I am excited to see what kind of growth curve will be drawn in the long term.
Take this opportunity to make your CryptoNinja Partners (CNP) debut and become a holder.
It will surely expand your view of the world.
Open an account with an exchange
To purchase NFT such as CryptoNinja Partners (CNP), you need the crypto asset Ethereum (ETH).
A good exchange to recommend for trading crypto assets is “BYBIT“.
Secure with strong security（Open a Free Account）
There are multiple reasons for this, but it is largely due to the following three points.
- No transaction fees on all cash currencies ※ Starting from Sep 6 2022, 10 AM UTC
- No fees for sending to other exchanges
- Top class server strength and high security
As mentioned above, no transaction fees for buying, selling, sending and withdrawing money, the higher the volume of transactions, the more attractive the lower commissions become. In addition, the operability of the application is outstanding, so the point is that it can be easily operated even by beginners in particular.
It depends on what you value in terms of service, but if you want to keep fees and other costs as low as possible, “BYBIT” is an exchange that offers high performance services compared to others.
That’s all for this issue.
Thank you for reading this far.
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