At the while, the team was inspired by the rebasing protocol OlympusDAO, which was rapidly gaining traction in the crypto community. In the fall of 2021, OlympusDAO’s OHM minimal traded at a high of $1,300. (It has since fallen to about $10 per OHM.) Bong Bears followed in the footsteps of OlympusDAO, initiating the first-ever collection of rebasing NFTs, which spawned several new collections – Bond Bears, Boo Bears, Baby Spawns, Band Bears and Bit Bears.
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