Wassies NFT Prices Surge as Crypto Twitter Lore-Themed Hotel Opens in Singapore
A room at the Wassie-themed hotel goes for $129 a night as of Monday.
A boutique hotel themed after a beloved Crypto Twitter character opened doors in Singapore Monday, sending floor prices of the By Wassies non-fungible token (NFT) collection up by over 20% compared to the weekend.
Hotel by Wassies, themed after the popular "Wassie by Wassies" NFT collection, is located at 5 Hongkong Street in Singapore – with rooms, accessories, a cafe and amenities themed after the Platypus creatures.
It’s not an early April Fools' joke. Hotel by Wassies is a pop-up hotel that runs from March 2023 until September 2023 and is listed on various hotel booking sites.
The six-floor hotel features 55 rooms, with 49 rooms furnished in shades of Wassie-themed purple and six "Wassies & Friends"-themed rooms that will feature art made in collaboration with other projects.
Creators say the hotel is a way to popularize the Wassie brand among the general populace. “Hotel by Wassies is a [small] Wassie step in bringing crypto culture into the real world, as we continue to look for ways to deploy the byWassies brand IP in all shapes and forms,” a regional Twitter account of the Wassie collection said.
A room at the Wassie hotel is listed for $129 as of Monday, the Wassie site shows. Wassie NFT holders can get a discount of up to 20% on room booking and 69% off drinks at Coffee by Wassies, the in-house cafe.
Floor prices of the Wassie NFT collection have jumped 20% over the past two days, surging to 0.5 ether (ETH) from Saturday’s 0.33 ether at writing time. The Ethereum-based collection has over 12,000 individual NFTs with 2,3000 unique holders, data from OpenSea shows.
Wassies are a fictional comic made popular by the pseudonymous Crypto Twitter account inversebrah, known for documenting bad takes, memes and jokes that largely center around the crypto community.
Inversebrah – and other self-styled wassie accounts – speak in a distinct slang on Twitter, which adds to their appeal. Words like “wen,” “gud,” “koin” have been quickly picked up by the community – contributing in a significant way to online crypto culture.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.