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Ozzy Osbourne’s ‘CryptoBatz’ NFT project announces new “biting” feature

A ‘Bite Fest’ event will begin this weekend

By Tom Skinner

Ozzy Osbourne
Ozzy Osbourne(Picture: Press)

Ozzy Osbourne’s ‘CryptoBatz’ NFT project has introduced a revolutionary new ‘biting’ utility.

Last month saw the former Black Sabbath frontman launch 9,666 totally unique NFT bats, a reference to the infamous moment he bit the head off a bat during a 1982 performance in Des Moines, Iowa.

Each CryptoBat non-fungible token has the ability to ‘bite’ another in a user’s digital wallet, and then mutate with it to spawn another token.

Now, it’s been announced that CryptoBat holders have the chance to ‘bite’ an NFT from a different project completely; creating a “MutantBat” that shares the traits of both the original digital bat and its so-called ‘victim’.

This Sunday (February 20), NFT studio Sutter Systems will launch a first of its kind NFT event dubbed ‘Bite Fest’, which will give CryptoBat owners to opportunity to ‘bite’ a token from five of the most valued NFT projects, including Bored Ape Yacht Club, CryptoBatz, CyberKongz, Supducks and Alien Frens.

Per a press release, the new ‘biting’ feature can potentially create an additional NFT that is even more valuable, rare, and collectable than their existing CryptoBat.

Jepeggi, the co-founder of Sutter Systems, explained: “Creating our mutating biting utility has been no small feat. We’ve had to pre-engineer tens of thousands of artwork combinations in order to deliver this utility, but the response we’ve received from the NFT community has been overwhelming, as it’s something that has never been done in Web3 before.

“We’ve been seeing serious collectors come into the fold as they try to get their hands on the rarest CryptoBatz so that they can create an ultra-rare MutantBat from their existing NFT collection. The tokenomics are going to be fascinating!

“We definitely wouldn’t rule out the opportunity of unveiling further mutating utilities in the future.”

Ozzy Osbourne‘s CryptoBatz sold out in less than a minute upon their launch on January 20, generating $50million (£37m) in revenue. However, it was reported that the project was targeted by phishing scammers.

NFTs, which came into widespread popularity last year, are a form of cryptocurrency asset. Most cryptocurrencies are fungible (or ‘spendable’) tokens that can be exchanged for other cryptocurrencies or spent on goods at places where they’re accepted as currency.

However, NFTs are a one-off digital asset that can be kept on the blockchain and traded or sold as collectibles.

Announcing his venture into the crypto world, Osbourne said: “I’ve been trying to get in on the NFT action for a while so when I asked Sharon for a Bored Ape for Christmas after several failed attempts of buying my own, and she said no, so I decided to create my own.

“CryptoBatz is a fucking mental project for NFT collectors and fans. The design pays tribute to one of my most iconic on-stage moments and is a chance to acquire a rare piece of art history. I love it!”