TLDR

• The Rebel Bots collection is made up of 10,000 robot NFTs that have utility in a play to earn card battle game
• Generation 1 Rebel bots are the most lucrative asset in the game. They are the Lords of a kingdom that comes with Land. Without Lands players are not able to take part in the gameplay.
• The rarity of each robot is determined by its traits. The rarest Rebel Bots are allocated more Land and an increased revenue share generated from the Land.
• Rebel Bot holders are also entitled to take part in the upcoming token sale for the project. Snapshot will be taken on the 10th of February.

Introduction

Rebel Bots is a collection of 10,000 robot NFTs first launched on the 1st of August 2021. Each robot is unique and is made of 4 to 7 different traits. The rarity of each robot is determined by its traits, which makes some robots rarer than others. The goal of the project is to create a leading game franchise within the blockchain games space by building the Rebel Bots brand with several gaming titles. Generation 1 Rebel bots are the most lucrative asset in the game and give owners decision making powers in the Rebel Bots gaming Universe as well as many other benefits which are further explored in this report. The lowest mint price for the project was 0.03ETH.

Opensea: https://opensea.io/collection/rebelbots

Website: https://rebelbots.com/

Twitter: https://twitter.com/REBEL_BOTS

Table 1: Data as of Feb 08th, 2022. Source: Nansen, Opensea

Xoil Wars is the first gaming title in the Rebel Bots universe. The game will be a play-to-earn card battle game launched on both mobile and web using Unity.

Plot

In the year 2049, an event called the “Big Dismantle” takes place. Humans who worried robots would revolt against them scrapped millions of robots to pieces and destroyed their cores. In 2052, three years after, only 10,000 robots managed to stay alive. In order to survive they formed the robot resistance, which had the goal of rebuilding the robot factory to manufacture more robots to ensure their safety. This was futile, however, and after many attempts the robots had no other choice but to flee Earth and look for another hospitable planet. After traveling in space for years they land on a planet named “Xoilium”. Life in Xoilium became difficult as the planet had a very limited amount of Xoil (Extraterrestrial Oil). The robots also discovered there are other native inhabitants living in Xoilium harvesting the Xoil for their own needs. As the resources became scarce, the Rebel Bots turned against one another by isolating themselves in separate kingdoms, declaring war on one another, and fighting for every last drop of Xoil.

Kingdoms

The Rebel Bots game consists of thousands of different kingdoms, each belonging to a generation 1 Rebel Bot (known as Kingdom Lords) from the Rebel Bot NFT collection. The Kingdom Lord will not be a playable character; instead, the Rebel Bot avatar will serve as the kingdom's banner, and every player who joins the game will fight under that banner. Furthermore, the kingdoms are divided into many smaller lands equal in size. Without lands, players are not able to take part in the gameplay. Lands are offered to players who are willing to safeguard a kingdom in exchange for the grant to mine Xoil of the kingdom’s soil, use the kingdom’s special powers and compete for the Kingdom’s treasure every season. These land resources will be allocated to each kingdom according to the rarity rank of the Rebel Bot ruling the kingdom. Additionally, the Rebel Bots owners will be entitled to the revenue share from every land sold in their kingdom both in the initial land sale and in any secondary sale.

The revenue share percentage is determined by the rarity rank of the Rebel Bot as can be seen in the table below:

Kingdom Lords will be able to generate additional income by collecting royalties from the Kingdom players (aka Land Owners). Of every Xoil mined in Adventure mode players will share a 4% royalty to their kingdom lord and a 6% royalty to the kingdom’s treasury. The treasury will be used as a prize pool for the Kingdom’s top-ranked players at the end of every season.

The game will be launched with 150,000 lands which will be allocated as follows:

• 130,000 lands will be sold to players during the game big land sale
• 10,000 lands will be given to each Rebel bot owner in his own kingdom
• 10,000 lands will be used for marketing purposes

Prior to the game's launch, each land will be sold/allocated with a set of three combat bots which are required to start playing the game. It is also important to note that after all the lands are purchased, 10,000 new generation Rebel Bots will be issued together with lands associated with them to allow for more players to enter the game. The table below shows how the existing land capacity will double every time a new generation of Rebel Bots is created.

The table below also gives a brief description of all the different currencies in the game along with their utility. To learn more about the gameplay please follow this link to the whitepaper.

NFT Minting

By analyzing on-chain activity it can be seen that there were 1,480 unique wallets that participated in the minting process. It is important not to conflate the number of wallets with the actual number of individuals that participated, however, as they are both not equivalent. An individual can own more than one wallet, meaning that less than 1,480 participants were involved in total.

Top Minters

The top 10 minters by wallet address are given in the table below. It can be seen that a significant amount of NFTs were minted by just a few wallets, with the top one accumulating 286 different Rebel Bots. In total, the top 10 wallets minted over 1,000 Rebel Bots out of a maximum of 10,000 NFTs. This shows that a significant number of the NFTs are concentrated in a small number of wallets.

Table 5: Top 10 minters by wallet address (data: NFTPort API)

The figure below shows the distribution of mints by wallet address for the top 10 minters.

By using Nansen’s Wallet Profiler for the top wallet address it can be seen that the wallet belongs to a Rare NFT Collector. The wallet also holds other notable NFTs such as BoredApeYachtClub and Cryptoadz. More importantly, however, the transactions for the NFT owner reveal that he has been selling a significant amount of Rebel Bots NFTs starting just over a month ago. Interestingly, almost all of the NFTs were sold for the same price of 0.69ETH, a significant increase from the lowest mint price of 0.03ETH.

The figure below shows the latest transactions for the NFT owner.

Transfers and Sales

There were around 11,251 NFT transfers (excluding mint transfers) and 9,812 NFT sales at the time of writing. Furthermore, there are 3,078 unique Rebel Bots sellers and 4,019 unique Rebel Bots buyers. The two graphs below show the total number of daily transfers and the daily sales per day in USD.

It can be easily seen from both graphs that there is a correlation between the number of transfers and the value of daily sales in USD. Both graphs show a spike at the beginning of August (immediately after the launch) and in the month of January 2022. However, one can see that the number of daily transfers never surpassed the peak of August, while the value of sales per day peaked around mid-January. This was the exact time the investment from Ubisoft, Overwolf and Makers Fund was announced on Cointelegraph. This shows that the investment announcement was strategically significant as it attracted a considerable amount of sales. Prior to the announcement there was no significant change for almost five months.

Additionally, using Nansen’s NFT God Mode we can see a jump in the growth of unique addresses for Rebel Bots NFTs at exactly the same time (January 2022).

Looking at the graph below, we can also see that the average weekly price for the NFTs has been increasing gradually since the launch, picking up significantly in the month of January.

One major event to also consider is the upcoming snapshot on the 10th of February that will be used to whitelist anyone with a Rebel Bot NFT for the RBLS Token sale. This of course is also driving the price of the NFTs more recently.

Additionally, the table below shows the maximum price per week over time for the NFTs. It shows that the maximum price paid took place around the time the investment announcement was made (more specifically on the 17th of January). This further reinforces that the announcement stimulated significant interest for the project.

Token IDs

There were 5,892 unique NFT token IDs that were bought and sold. This is out of the total 10,000 NFTs, as each has its unique token ID. This of course does not take into account any OTC trades, as detecting such trades on-chain is not possible.

Some NFTs had a higher number of sales than others. This refers to the number of times a specific token ID was sold.

The distribution of the number of sales per token ID for the top 20 NFTs can be seen on the figure below.

Additionally, figure 9 gives the volume sales (in USD) per token ID for the top 10 NFTs. The total sales accumulated by the top 10% of token IDs is also given in figure 10, while the total volume sales (in USD) generated by each token ID is represented as a percentage of the sum on the table below.

Table 6: Volume sales (in USD) and corresponding percentage per token ID (data: NFTPort API)

By analyzing the top 10 token IDs by volume sales, one can see that the distribution of sales among the NFT collection is not uniform. This is also highlighted by figure10 which shows that the top 10% of token IDs accumulated more than 36.8% of the total sales in USD. The top token ID for example, generated volume sales of $US26,269 which is a disproportionate amount in comparison to other Rebel Bots in the collection.

The figure below shows this specific Rebel Bot which has the token ID equivalent to 3092.

From the figure adobe it is possible to see that the Rebel Bot has a Rarity Score of 76% on Nansen.

By analyzing the traits further it is possible to have a better understanding about the score given to the NFT. Each trait of the Rebel Bot is shown in the figure above with its corresponding frequency in the collection. For example, the Rebel Bot has a Gold Metal Skin trait, which according to Nansen’s trait distribution breakdown is found in only 46 NFTs. Moreover, the figure below shows the Rebel Bot’s Rarity Rank, obtained from the project's discord channel.

This clearly shows that the NFT has a rarity rank of 16. Rebel Bots with a rarity rank below 50 are the most valuable as they are eligible to 26 Lands and 50% of the revenue share. The Rebel Bot’s rarity puts him in the first tier according to Table 2 (Revenue share breakdown Table). This is the highest in the game.

Takeaway

The Rebel Bots NFT project presents an interesting way of utilizing their Rebel Bots NFTs in their P2E game. The project has also found a great way of giving distinct utility to the different NFTs by giving importance to the traits of each Rebel Bot. This has resulted in significant price differences between the various NFTs and most of the value has been captured by a minority of the token IDs. As a result, anyone interested in purchasing a Rebel Bot should be interested in the floor price for the specific tier of the NFT involved rather than the general floor price for the collection. The collection has attracted some decent attention and capital, especially after their investment announcement. However, it is important to note that it is possible for the Rebel Bots to see a decreased interest from the market (at least in the short term) after the snapshot for the token sale is taken.

Closing Thoughts

To get the most out of this report please head over to Nansen.ai to further explore, analyze, track, set smart alerts or to add to Watchlist any wallet address or contracts mentioned above.

Disclaimer: All data used for this report was acquired from Nansen.ai, NFTport API and Opensea.