Wen Mint: Launch Structure

How to mint?

• Join the Cavelist through https://yetilabz.com/cavelist or connect wallet to website during public mint.

Mint Launch date: website launch March 17th, 2022. Cavelist Presale Mint (invite-only) May ’22, Public sale, May ’22.

• Presale (limited to Cavelist mint): exact date announced on Twitter & Discord. Block-based timing, mint window starting at 7:00 pm EST on May 20th to May 23rd at noon EST. Max 50 NFTs per wallet.
• Cavelist mint price: 0.06 ETH (per 1 NFT)
• Public sale: May 23rd ’22 (pending cavelist presale results). Block-based timing, estimated at 12:00 pm EST. Max 10 NFTs per transaction. Price: .07 ETH (per 1 NFT).
• Secondary royalties: 7%.

Global Reveal will be two weeks following the marketplace listing of the collection after the public sale (or if the BEAR market persists, we’ll hold the reveal for the BULL market not longer than one month).

Marketing & Operating Treasury Allocation:

15% of all primary and secondary sales will be reserved for our marketing treasury ($PUMP).

We have elected to retain up to 50% of our primary and secondary revenue for our operating expenses which will allow us to invest in building YetiLabz vision for the future.

As a brand, YetiLabz believes it is vitally important to support developments in technology that can lead to a circular economy and create surpluses for the environment, not deficits. Therefore, 7% of primary and secondary sales will go towards our endangered friendz campaign, to actively fight for the existence of species in the wild. This is a vital piece to our story as we seek to create new partnerships IRL.

Yeti Artwork & Utility Evolution: Level 0 through Level 3

YetiLabz artwork is a first of its kind evolution based design. This means the artwork for Yetiz will evolve into new NFTs, without burning the original NFT. At the start, the Level 0 (L0) art was inspired from a screenprint minimalism format, photography, film and oil paints with plans to provide original screen print copies of the artwork to verified owners down the road.

Each L0 Yeti will evolve into a story through three potion releases: Red Potion for Level 1, Green Potion for Level 2, and Blue Potion for Level 3. Once the first Red Potion is released by YetiLabz all L0 Yeti owners will be cavelisted for the new L1 Yeti. It’s important to note that each of the L0 Yetiz have unique properties that will determine their L1 designs. And if you’re one of the lucky ones to obtain a Cave Riddle NFT you’ll be able to add new rarity properties to your Yeti for every new potion release.

In this world, Yetiz are not fixed to their typical representations: like razor sharp teeth or fur covered bodies. Our artists are working from the concept that when a Yeti uses a cave to fold space in the multiverse and arrive in a new world, such as Earth, they take a potion to transform into a new form for their storyline. If your Yeti is a Gold Executive at L0 then there’s a good chance that IRL at L1 they’ve transformed into a CEO — or if your Yeti is a Rambo Executive at L0 coming out of the cave in the Himalayas their L1 story will be tied to a paramilitary or private intelligence operation. In this way, artists are creating new Yetiz that will exceed our expectations for both story and creativity.

Regarding utility, our vision is prodigious. From the start, we’re going to be scripting Yetiz into a film production and working with the community in that development. We want every Yeti NFT to contribute in their own way to this story, so there will be plenty of chances for everyone to provide input as we move forward with pre-production in the spring of ’22. Overall, we have a wide range of utility and function for Yetiz for each level to be summarized as:

Level 0

YetiLabz Level 0 Prereveal Placeholder

• 7000 unique Yeti L0 originals & their utilities
• Cave Riddles
• Solve the riddle to gain rarity for Level 1 cavelist & have your Yeti included in the Underground film project series.
• Original art
• Find the Yeti with the “original art” property & mint the NFT to set up your claim and receive your artwork.
• Endangered friendz campaign: each Yeti sale sends 7% of the transaction to help fight for our endangered friendz! All Yeti NFTs in one way or another are giving back to Nature.
• L0 merch available to community of verified Yeti owners

Level 1

YetiLabz Red Potion Prereveal Placeholder

• Red Potion release: L0 Yeti Evolution, L1 Yeti evolution reached after L0 is sold out: 7000 unique Yeti L1 originals are cavelisted to L0 holders
• YetiLabz Film Series Pre-Production Announced
• No-burn giclee prints available for L1 Yeti
• Cave Riddles
• Original art
• Endangered Friendz Campaign
• L1 Partners Announced

Level 2

YetiLabz Green Potion Prereveal Placeholder

• Green Potion release once L1 collection story is complete
• L2 Yeti drop
• YetiLabz Film Series Production Update
• No-burn giclee prints available for L1 Yeti
• Cave Riddles
• Original art
• Level 2 Partners Announced
• Endangered Friendz Campaign
• Cave/Land Contracts Development Begins: Yeti Holders Get Early Access To Cave/Land NFTs

Level 3

YetiLabz Blue Potion Prereveal Placeholder

• Blue Potion release reveals a new story for L3 Yetiz
• Level 3 Yeti Film Series Post-Production Release
• Level 3 Yeti Story Reveal
• Endangered Friendz Campaign
• Original Art Released
• Cave/Land Contracts Listed On Public Marketplace Announced
• Cave Riddles
• Film Festival VIP Events
• Level 3 Partnerships Announced

Contracts, Fair Launch & Commercial Distribution

YetiLabz has taken every precaution to test, retest and establish airtight security with the 721 contracts deployed by our developer, Kawana, who has years of experience securing and maintaining systems for both banks and large corporations.

We intend to ensure a fair launch through the protections instilled in our 721 contracts. And we’ve opted to protect our community further by not opening them up to risky communications and whitelisting burnout in Discord prior to the public sale. We believe that everyone who’s willing to invest sincerely in this project should have the opportunity to do so.

Our commercial distribution will be controlled by both Free Cultural Works Licensing and Creative Commons Licensing. We believe in decentralized commerce for NFTs and plan to contribute however possible to this type of commercial governance. To protect the brand and story of YetiLabz we’ll be using Creative Commons Licensing where necessary, preventing any risks that unhealthy commercial exploitation can create.

Finally, YetiLabz strives to encompass freedom and balance in the creative explorations we’re all a part of in the metaverse.

We’ll see you in the Underground.