PG announced a concept called "Fusion" on 2nd January 2023, with 450 fused NFTs available on the Fusion website (Priced at 1750$ JIRA each) and 450 fused NFTs available to reserve on the Jiraxchange (Priced at 1750 $JIRAX each).
Owning a JiraVox gives you a 100 $JIRA discount when fusing on the website - with a maximum discount of 500 $JIRA tokens if you own 5 JiraVox tokens.
In terms of Fusion NFT utility, holders will unlock the following:
Initially, the team launched with the $JIRA token via staking but reportedly encountered multiple legal issues which caused them to pivot.
After feedback from the community, the PG team subsequently launched $JIRAX - a new off-chain token to be used in their gasless marketplace, saving gas fees in the process.
Holders of $JIRA can also convert it to $JIRAX for purchases in PG's gas-less marketplace, which promises instant transactions and no hidden costs to users.
On April 18 2022, the PG Genesis 1 collection recorded an ATH sale of 20.6 ETH - the first time the collection had crossed that milestone which made it one of the few collections to cross 20 ETH last year along with an exclusive group of Blue-chips such as Bored Ape Yacht Club, MoonCats and Azuki.
Since then, floor prices have corrected more than 50% across all PG collections below as of 11th January 2023.
Will fusion and other updates in 2023 see PG's floor prices increase again across all their collections? The Asian Mint has reached out to project founder, Shan for comment but he has not replied at the time of this post.
The Asian Mint will continue to follow the progress of PG closely and provide future reports in 2023.
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