Chumbi Valley Sells $3.7M of NFTs in 4 Minutes, Closes Private Round – Press release Bitcoin News


Chumbi Valley Sells $3.7M of NFTs in 4 Minutes, Closes Private Round

PRESS RELEASE. Chumbi Valley has achieved an astounding level of success for an NFT gaming project that is only 5 months old from conception. The team has been working passionately on the project with a confident vision to create a play-to-earn blockchain game inspired by classic 2D RPG games like Pokémon and Stardew Valley. The mystical ‘Chumbi’ NFT characters and environment designs are inspired by Studio Ghibli films.

In 5 months the team has achieved the following:

  • Signed 5 experienced advisors from prominent crypto projects
  • Gained more than 1 million total followers across Twitter, Discord, Telegram and other social media platforms
  • Held numerous competitions with NFT prizes that raised over 310 ETH in funds going directly to community members
  • Completed an oversubscribed private sale raising $3.06M USD led by Everse Capital
  • Held an oversubscribed NFT Sale whitelist with over 200K wallets submitted in less than a week
  • Completed an NFT Sale which sold out in 4 minutes, raising $3.7M USD, hosted on the Chumbi Valley website
  • Became the #1 Polygon NFT project on “Opensea Top NFTs”, with over 1,000 ETH volume in 7 days
  • Donated $100K USD to Typhoon relief aid and the Starlight Children’s Foundation
  • Secured the coveted Kucoin IEO Spotlight (only 16 have ever been held)
  • Launched $CHMB token on Kucoin with an ATH of 14,300% from listing price

Private Sale Round

Chumbi Valley quickly captured the attention of investors and crypto-enthusiasts alike. Over the course of 3 months, Chumbi Valley iterated on and closed their private round. Securing an experienced network of investors and partnerships, led by the esteemed crypto investment firm Everse Capital.

Alongside Everse Capital, Chumbi Valley has secured investors including: Spark Digital Capital, CinchBlock, Vulcan Forged, Lavender Capital, Orion Protocol, Raptor Capital, Maven Capital, TK Ventures, and many more.

With a highly skilled team and a network of crypto advisors, partners, investors, and KOLs, Chumbi Valley continues to achieve remarkable success in their project, demonstrated by the results of their NFT Sale and launch of their token $CHMB on Kucoin.

NFT Sale

On the 16th of December 2021, the Generation 0 Seed Chumbi NFTs sold out in 4 minutes on the Chumbi Valley website. The demand to obtain one of the Seed Chumbi NFTs was tremendous with 200K wallets submitted in a GiveLab raffle (the largest of this kind to date) for a chance to be selected for the Whitelist. Only 4,000 winners were selected via a random draw.

The success of the NFT sale sparked huge demand on the secondary market, resulting in Chumbi Valley becoming the #1 Polygon NFT project on “Opensea Top NFTs”. The Chumbi Valley Official collection reached 1,000+ ETH of volume in just 7 days, with the pods holding a floor price of 5x their original purchase price.

CHMB Token Launch

The team worked tirelessly throughout December to achieve a remarkable series of accomplishments. Only one day after the NFT sale, on the 17th of December 2021, the $CHMB token was launched on Kucoin, after completing the coveted ‘IEO Spotlight’. Only 16 IEO Spotlights have ever been held on Kucoin prior to the Chumbi Valley $CHMB IEO. The $CHMB token launched on Kucoin with an ATH of 14,300% from listing price.


Most impressively, Chumbi Valley has amassed a devoted audience of Chumbi fans on their social media platforms. With over 1 million followers across their Telegram, Discord, Twitter and other social platforms, Chumbi Valley continues to inspire gamers around the globe, who eagerly await their chance to take their Chumbi NFTs into Chumbi Valley and play the game that is scheduled to release in mid 2022.

What’s next for Chumbi Valley?

The Chumbi Valley community and Seed Chumbi NFT holders are excited for the Seed Chumbi Hatching Event which will be held on the 20th of January 2022. Collectors and Chumbi fans are eager to catch the first glimpse of the 4,096 highly unique Seed Chumbi NFT designs. Additionally, 4 Seed Chumbi NFTs will be given away in a series of competitions leading up to the hatching event.

Chumbi Valley has also announced that staking of their $CHMB token will be live in early January. The team have revealed that token holders can look forward to an APR of 150%+ by locking their $CHMB tokens using the upcoming staking portal on the Chumbi Valley website.

January will hold many surprises as the team announces new partnerships, game dev progress, $CHMB related activities, and events.

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