About Super Rare Bears – a popular NFT ecosystem on MultiversX

Super Rare Bears (SRB) is a brand that started in 2021 as a collection of 10,000 NFTs on the MultiversX blockchain (then Elrond), with an incredible 672 traits. This means that a very high percentage of these bears are rare, and 137 are considered Ultra Rare (URB) – they have a 1-out-of-10,000 trait.

Since then, SRB has grown into a large community-centered brand, with a club for holders, two tokens, a game, staking and DeFi farming, a grants program, and incubator, etc.

Every Super Rare Bear owner gets access to an exclusive club with raffles, discounts, special merch, and the right to participate in governance.

Another upcoming perk is the ability to breed an Ultra Rare Animated Abomination bear. You will be able to buy a special Abominator NFT potion, inject it into your bear, and see a second one appear – skeletal and scary.

The system works similar to BAYC’s Mutant Apes, so that your original bear remains intact. There can be only 3,999 Abominations in total, so that collection will be more exclusive than the original SRB.

Super Rare Bears are listed on XOXNO , the premier NFT marketplace on MultiversX. The collection’s total trading volume has crossed the 6,500 EGLD mark, and there are an impressive 1,39k owners

You can also stake them on XOXNO to earn rewards in $RARE – SRB’s governance token that shouldn’t be confused with the token of the LooksRare marketplace. $RARE is traded on Jungle DEX and follows Elrond’s ESDT token standard, which is also used for NFTs. The ecosystem’s other token, $HYPE, is designed for yield farming. Both RARE and HYPE can be staked and farmed on QuantumX Network. 

There are 6 SRB pools, including one for Ultra Rare Bears, one for those ranked 138-1000, one for bears with specific traits, and so on. 

There is also an SRB game, called Samurai Pandamonium, which you can play if you have a MultiversX wallet. The game is about pandas, which do belong to the bear family but aren’t bears strictly speaking, but what matters is that they look great!

SRB even has a grant program, Barely Grant, that allocates grants to projects that want to integrate $RARE, be it games, marketplaces, etc. Projects with strong utility can even get support from Super Rare Bears for free as part of the Boosters program.

Bears expand to Polygon with XP.NETWORK

If SRB are in such demand on MultiversX, why go multichain at all? If you’ve been reading our case studies, you already know the key reason: awareness and traction. Every new blockchain ecosystem is like a new market, where you can onboard users and build up sales. But whereas it can be costly to enter a new geographic market with a Web2 product, entering a new NFT ecosystem is cheap and seamless with XP.NETWORK. 

The ultimate goal isn’t to migrate fully to a different network, but to incentivize users there to come and explore the project’s original ecosystem. In this sense, every NFT project that bridges to a new blockchain is also an ambassador for the original chain.

MultiversX (former Elrond) deserves the best ambassadors (such as SRB), as it’s such a great chain for NFTs – with very high speeds, low fees, and scalability. That’s why we at XP.NETWORK are so active in this ecosystem and have even partnered up with Moonlorian , a specialized incubator that onboards projects from other chains to MultiversX. 

Super Rare Bears chose Polygon for their first cross-chain campaign. The objective is to introduce the Polygon community to the project and invite them to explore all of SRB’s utility back on MultiversX: staking, the game, Abominations, etc. Anyone who buys a bear on Polygon and bridges it back using XP.NETWORK will receive a reward. This is the right way to run a bridging campaign: instead of asking existing users to bridge to a different chain, you should ask potential new users to buy and bridge to your home chain. 

As always, the XP.NETWORK team, under the guidance of our tireless CTO Dima Brook, started by carefully mapping the contracts. MultiversX is not an EVM chain, but we are the leaders in bridging NFTs between EVM and non-EVM networks. We make sure that the full smart contract logic is preserved, including token IDs, royalties, etc. 

For starters, 20+ SRB NFTs were sent from MultiversX to Polygon to make sure everything works. The campaign itself should kick off soon.