Sad Cat Capital Profile picture
Feb 13, 2022 17 tweets 10 min read Read on X
As the #NFT space is rapidly evolving and reaching new heights, we are excited about a promising new project called @Edenhorde. An expansive continent is to be made up of 8,800 hand-crafted character NFTs split into four distinct tribes.

A thread 🧵:

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With its launch this February, a set of 8,800 NFTs will be featured for everyone to participate in the world of Edenhorde. The art is created by the Emmy-award-winning designer Andy Ristaino (@skronked) who worked on Adventure Time and The Midnight Gospel.

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Before further details, we'd like to emphasize that the Edenhorde world will be a lore-universe with its own ecosystem. To put it bluntly, the NFTs will possibly have a direct (story) utility and are not just 'profile pictures'.

Why is this important? Keep on reading!

3/17 ImageImage
One important aspect, is the upcoming Merit Circle Framework around developed games. In its current (early but not final) form, MC and EH holders will likely, according to the team, benefit from revenues generated by future games.

gov.meritcircle.io/t/framework-ar…

4/17
Edenhorde is built by a separate team as an extending arm of Merit Circle. From creative experts in art and music to die-hard coders and UX designers. This assures us that the project will be built with continuity and quality in mind.



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The world of Edenhorde takes place on a great continent, surrounded by seas and desert, and is home to four tribes: the Oru, Babbumatta, Gadiran, and the Larriks.

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First, Oru - a monastic robot tribe. Fully made up of metal, they sit at the top of Mount Puntu. Nobody knows how exactly they communicate. Rumors have it there's a bronze or golden metal structure rising above the clouds.

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The Babbumatta, a most peaceful tribe, resembles a combination of plants and other organic materials. While consuming only fresh water and sunlight, they are the primary cultivators within Edenhorde, and mastered a form of 'magic'.

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The Gidaran on the other hand, are living in an independent but corrupt city-state, far away from the elements and accessible only via a special token indicating one's status. They earn a living by selling goods from the sea, organic and inorganic.

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And finally, the Larriks, roamers focused on foraging, hunting, fishing, collecting, and recycling. They seem to be very resourceful, and travel by both land and air.

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For more in-depth Lore, we'd recommend checking out @CeliaBlythe - the famous Edenhorde historian known for all things related to the Oru, Gadiran, Babbumatta, and the Larriks.



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Utility for the EH NFTs is a given. The Edenhorde characters will have a use within its universe. There are rumors of "worlds" or "lands" when looking at the various website updates. Perhaps leading us to decide on a broader and more strategic investment opportunity.

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The value around the new Edenhorde project will likely follow the MIP-7 mandate we enacted a few weeks ago. Meaning, the NFT raise is to be added to the Merit Circle DAO treasury, and EH proceeds likely get reinvested and/or come back to MC.

gov.meritcircle.io/t/mip-7-sustai…

13/17
With its fair launch, including community events, raffles, riddles, AMA participation, and so on - the total amount of available NFTs (including whitelists) is 8,800. The mints start on the 14th/Feb (whitelists), 16th (public), 18th (reveal).

edenhorde.world

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Overall, we believe that Edenhorde will be an interesting world that might surprise people out there.

Interesting accounts to follow:
- @Edenhorde
- @MeritCircle_IO
- @meritcirclorr
- @Marco_Merit
- @Pentosh1
- @CeliaBlythe
- @0xNDX
- @SageyTrading
- @sadcatcapital

15/17
If you like these types of threads, we're also regularly creating articles and are very active in and around our investment projects. Give us a follow!



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None of this is financial advice. We like the #Edenhorde world. Investing/trading has risks and you're responsible for your own actions. Enjoy the #EH launch!

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More from @sadcatcapital

Mar 6, 2023
The new @illuviumio collectible card game - Illuvium: Beyond - launches tomorrow on March 7th.

We are always excited to see new games launch, and look forward to playing! 🎮 $ILV

1/5 Image
The game features a Genesis Set of 150+ hand-drawn #Illuvitars - customizable and configurable collectibles, which can be used to compete against friends for leaderboard positions.

The first release, Wave 1, being the first available.



2/5
The Illuvitars Hub is where players can track and manage their assets, plus browse the Illuvitar marketplace.

You can also find the Illuvitars Album within the hub, where players can complete collections and earn points.

illuvium.io/illuvitars

3/5
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Jan 11, 2023
The @MeritCircle_IO DAO had a busy 2022, yet just 10 days into January the DAO launched a brand new, consolidated website.

Let’s reflect on 2022, and what 2023 could have in store for $MC 🧵🎮

1/28 Image
Firstly, we want to recommend reading Merit Circle’s excellent summary of what the DAO achieved in 2022.

medium.com/@meritcircle/l…

2/28
2022 was a tough year for market participants. Many DAOs, firms and projects did not survive the rapid decline of asset prices, and the domino effect of the subsequent insolvencies.

Merit Circle not only survived the collapse, but has come out stronger.

How?

3/28
Read 28 tweets
Jan 2, 2023
A new year of opportunities.

The #FED's tightening led to a significant drop in equities and crypto, along with rapidly increasing bond yields. The dollar strengthened against other currencies especially EUR, GBP and JPY.

1/7
The crypto market was especially hard hit due to LUNA/UST, FTX/Alameda, and funds such as 3AC blowing up. Bad actors and degeneracy helped bring down crypto even harder than the wider macro market did.

2/7
With the many predictions of recessions around the world, the fed seemingly looks to hold rates at a high level throughout 2023. Has inflation actually topped or will there be a future resurgence? But, more importantly, how are you taking advantage of either outcome?

3/7
Read 7 tweets
Nov 29, 2022
It has been 12 months since the @MeritCircle_IO DAO Treasury launched.

Despite a 73% drawdown in the Crypto total market cap during this period, the Treasury value remains strong at a current valuation of $102.6m. $MC

treasury.meritcircle.io

1/14
Over the past year, the DAO has burned over 330m $MC tokens - almost 1/3rd of the total supply.

These burns have been from market buybacks using DAO profits, and from DAO wallets which the community voted to burn (MIP-7 and MIP-20).

2/14
During the last 12 months, the DAO has realized a profit of $24.6m and has bought back almost 5m $MC tokens from the open market.

Unlike other treasuries, Merit Circle does not inflate the Treasury's valuation by including native $MC token (~180m $MC tokens).

3/14
Read 14 tweets
Jul 26, 2022
It has been 4 months since our last partnership thread, and the @MeritCircle_IO DAO continued to invest across #GameFi.

Here is an updated thread for the new $MC game partners:

1/29 🧵
This thread is intended as a continuation from our previous thread which can be found here:



Neither thread is an exhaustive list, as some partners and/or investments remain unannounced.

2/29
For a list of investments made by the $MC DAO we recommend checking the latest July 2022 treasury report here:

meritcircle.substack.com/p/13-treasury-…

3/29
Read 29 tweets
Jun 13, 2022
After first being announced almost 2 months ago, the @MeritCircle_IO team have shared exciting information about their new NFT marketplace: #Sphere - @GetOnSphere

Here's a short summary of what we know from $MC so far, and what we have to look forward to 🧵

1/24
Despite NFTs being heavily related to #GameFi, current NFT marketplaces (@OpenSea, @LooksRare, @the_x2y2) are still completely focused on PFP/memes/membership/utility/celebrity NFTs.

Gaming asset NFTs are lost in the mix, and this is where Sphere comes in.

2/24
Merit Circle are working with @DeptAgency to deliver a purpose-built NFT marketplace which specifically targets these gaming assets.

The aim is to become a multi-chain, all-in-one, low-fee, marketplace for gamers to buy, sell, and trade their in-game NFTs.

3/24
Read 24 tweets

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