Invisible Friends NFT Guide

What is Invisible Friends?

Invisible Friends represents a pioneering venture within the digital collectibles space, introduced by the Random Character Collective, a renowned animator group celebrated for its creative ingenuity. This project introduces an imaginative series of 5,000 animated characters meticulously crafted by the talented Markus Magnusson. Although invisible except for their distinctive attire and accessories, these characters quickly captured the hearts of enthusiasts in the Web3 domain, marking a significant milestone in the evolution of NFTs.

At the core of Invisible Friends is a commitment to fostering a vibrant, inclusive community. Ownership of an Invisible Friend NFT is not merely about possessing a piece of digital art; it signifies membership in an ever-growing family of aficionados and collectors. This community engagement is further enriched through exclusive events, collaborations, and digital and tangible rewards, enhancing the overall experience and value of being part of Invisible Friends.

The launch of Invisible Friends Physical Collectibles marked a significant expansion of the project, bringing the digital into the physical realm. These high-quality toy renditions of the iconic Invisible Friends characters allowed enthusiasts to own a tangible piece of their beloved collection. The collection was so popular that KITH, one of the world's largest lifestyle brands, partnered with Markus to develop a spinoff series called KITH Friends.  This new series was released in March of 2021 and is an ongoing collaboration between the two artists.

Do the Invisible Friends NFT have Utility?

Holders of the Invisible Friends NFT get utility out of the collectable through airdrops, unique experiences and membership to their private group. Most notably, Invisible Friends holders get the opportunity to mint a 3D series by prominent artist Nguyen Hunt called 3D INVISIBLE FRIENDS. All Invisible Friends holders had access to the whitelist and presale, which means they were able to get the NFT at a low price and have the opportunity to flip it for a profit.

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Invisible Friends Traits and Rarity

The Invisible Friends series has 12 different properties which differentiate each NFT. The rarest traits are Ghost & Spooky traits, which typically fetch a higher floor price of around 5-6 ETH. The 12 properties in the collection are:

• Background
• Ears
• Eyes
• Feet
• Hat
• Left Arm
• Right Arm
• Legs
• Mouth
• Outerwear
• Sleeves
• Upper Body

Invisible Friends NFT Floor Price

The Invisible Friends NFT collection has not been immune to the significant downtrend that has gripped the cryptocurrency market since 2023. Its valuation has taken a substantial hit along with the broader market, struggling to maintain stability. As it currently stands, the base price for Invisible Friends has plummeted to approximately 0.22 ETH, equating to roughly $708 in USD. This represents a precipitous 90% fall from its initial average launch price of 7.1 ETH. To stay updated with live market values, you may refer to the real-time floor price data.

Is Invisible Friends a Good Investment?

The Invisible Friends NFT collection, although previously considered a popular and consistent investment in the NFT marketplace, has encountered a challenging period during the 2023 bear market. Despite having a strong holder base and substantial interest, the series has witnessed a significant depreciation in value, rather than maintaining stability.

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Final Thoughts

In conclusion, Invisible Friends, one of the pioneering animated 3D NFT series on the Ethereum network, has experienced significant market volatility in 2023. Despite the downtrend, the collection continues to demonstrate potential with utility for holders such as exclusive airdrops and collaborations, most recently with artist Nguyen Hunt.

It's important to keep in mind that while the current base price has dropped substantially, long-term investors might still find value in this collection, particularly those looking to diversify their NFT portfolios. Remember, as with all investments, it's essential to consider your risk tolerance and investment horizon. Keep an eye on this project for potential future opportunities and market rebounds.