what's Schmaints?
Schmaints is a web3 NFT collection designed to redistribute value within the crypto art ecosystem through targeted distribution to artists, collectors, and underserved communities. Launched with a focus on personal networks and direct messaging for allocation, it emphasizes equitable access over traditional minting hype, aiming to mirror early Bitcoin-like social distribution on a community level. The collection features unique traits, including lunar and rayed variants, weapons, and custom portraits, with ongoing expansions like mirrored airdrops and relic framing to enhance holder utility and market discovery. The project operates on Ethereum, with trading primarily in ETH on platforms like OpenSea. It includes mechanisms such as airdrops to Schmaints holders for new projects, incentivizing vampire attacks and community growth. Additional elements like the Steady Lads 1/1 series and Schmicons portraits are priced in Schmaints, creating a deflationary loop by burning tokens back into the distribution pool. This fosters a toy economy for trait pricing and reduces concentration of holdings. Schmaints prioritizes long-term cultural impact over short-term speculation, with events like gallery meet-ups in Marfa and handcrafted relics to bridge digital and physical art worlds. By co-opting potential copycats through mirrored collections and encouraging flips without core sales, it builds resilience and engagement in the NFT space.
Schmaints was a favorite 2025 NFT acquisition, reviewed by 0xAnimatedNFT with Checks/Opepen.
Links
x.com/schmryptoMentioned in a year-end NFT collection review by 0xAnimatedNFT as part of highlighting favorite 2025 acquisitions, specifically in the context of Checks and Opepen collections.
Holders receive whitelist access to a drop launching tomorrow.
Project reaches 50 ETH in total volume, with over 40 ETH going to primary sellers.
Miami Basel event confirmed with collaborator Chris Rocca as co-host, where holders receive free signed 1/1 mini-giclee prints of their NFT at the venue, with merchandise and non-holder editions also available.
Exchange mechanism launched where holders can swap their NFT for AI-generated 1/1 meme NFTs on a one-to-one basis through direct message confirmation.
Additional NFTs are actively being deployed in an ongoing mint or distribution event.
A project insider executes a buyback of several ETH worth from the floor, immediately redistributing 17 swept pieces back into the general distribution pool.
Unique wallet count surpasses 1200, indicating expanding holder base and broader token distribution.
Supply of Canons Blue robe color NFTs nearly depleted with only a handful remaining for distribution, potentially affecting pricing when regular distribution stops.
Holder retention exceeds 97%, with nearly all distributed tokens still held by original vetted web3 contributors.
The project surpasses $150k in secondary trading volume, with nearly all proceeds going to artists and creators in the space.
Traits completed for next drop with holders set to receive matching flipped versions via surprise airdrop near distribution end.
Distribution activity continues as a holder contributes 6 pieces to the distribution pool, bringing their holdings down to 0.96% of the total collection.
Project leadership confirms having a future vision but states there will be no formal roadmap, adopting a "showing over telling" approach to development.
The project achieves a 60.7% unique wallet ratio, ranking among the top 5 NFT projects for wallet distribution alongside MAYC, Wizards, Deadfellaz, and Puppets. Additional minting activity continues to be deployed.
A giveaway for holders is announced while a minting event is occurring, with @crucifore completing a collection.
A major holder reports selling down their position to under 30% of total supply remaining in their wallet.
The first official physical collectible is completed and will be displayed at Marfa.
Core team revealed: Lead developer ombraRD and key contributors Chris Rocca and SHAWPOSTER receive token compensation for project development.
96% of holders (1,022 of 1,064) maintain single-token positions, demonstrating successful anti-Sybil implementation.
Current market capitalization equals value of two CryptoPunks.
Limited edition artwork airdrop targets 8 largest holders, continuing holder incentivization strategy.
Project reaches 1,000 unique wallets with anti-Sybil measures and plans to incentivize holder consolidation, targeting authentic wallet-to-holder ratio.
Official flipped versions to be airdropped 1:1 to all holders after distribution phase.
Holder list being positioned as premium distribution channel for future airdrops and launches, with active encouragement of vampire attacks.
Market establishes initial trait category floors ranging 0.28-6.91 ETH, with three rare categories still unlisted.
Largest wallet reduces holdings from 899 to 799 pieces, indicating ongoing distribution progress.
Invite-based distribution targeting established web3 players, with completion expected within days.
96.4% of holders (855/887) maintain single-piece positions, indicating strong individual holder distribution.
Active airdrop campaign distributing Schmains NFTs to community members via @schmrypto.
Single wallet holds 899 pieces, representing significant concentration of supply.
Team completed VC investor buyout in 2024, enabling current independent distribution strategy without external investor constraints.
Rarity system establishes defined sub-communities with specific piece counts: 9-piece Cabals, 77-109 Orders, and 200-piece Corps.
Deployment reaches 40% completion milestone.
Current distribution reaches 94% excluding single major holder position.
New back-to-back sales at 0.8 ETH and 0.999 ETH establish all-time high, marking 150% increase from previous peak.
New ATH sale at 0.4 ETH sets higher price ceiling for single piece sales.
Secondary market shows strong activity with multiple holder exits and sustained buyer demand.
Project confirms no burn redeem mechanism will be implemented due to negative social implications.
Holders eligible for free 6529 Memescape claim through new collaboration.
Distribution reaches 500 pieces milestone through service-based earning mechanism.
Largest holder owns 9 pieces, showing significantly less concentration than comparable NFT projects where top holders own 200-500 pieces.
Distribution reaches 25% completion milestone.
Airdrop distribution in progress by @schmrypto to community members.