Moku NFT Mint: Studio Says Pupkins Hold Stock, Names No Issuer

Moku, the studio behind Grand Arena, is set to sell 2,000 boxes of its new Pupkins NFTs on Tuesday, the 27th of October 2026, at 3 PM UTC. ^[1] Moku said each Pupkin is an NFT that works as its own wallet and holds tokenized stock and some SCHIFFY, a crypto token Moku made. ^{[3] [2]} Tokenized stock is a crypto token meant to track the price of a real company share. ^[4] There is no information yet on which company issues the tokens inside a Pupkin or which shares Gen 0 Pupkins hold. Moku’s videos have used NVIDIA, Apple, an S&P 500 fund and gold only as examples. ^{[11] [19]} Tickets are paid for in SCHIFFY, and Moku has not set their price yet. It said the price would come closer to the sale. ^[1] Since Moku announced the sale on the 16th of October 2026, SCHIFFY has risen 15.7%, from $0.004164 to $0.004817 on the 24th of October 2026. The wider gaming market fell 7.3% over the same days.

Please keep in mind that there will be variance in the draw due to probability. In previous draws, we have had participants with 1 ticket win an NFT, and people with 200 tickets win nothing. ^[5]

Moku on X, the 19th of October 2026

1. 1. 1 October 2026. Moku explains Pupkins in a video
2. 2. 16 October 2026. Pupkins sale date and raffle announced
3. 3. 21 October 2026. Moku shows Pupkins Battle
4. 4. 23 October 2026. Moku shows Plots

SCHIFFY: daily closes: data table

Date	SCHIFFY
2026-09-24	0.008533
2026-09-25	0.007676
2026-09-26	0.007731
2026-09-27	0.007034
2026-09-28	0.006629
2026-09-29	0.004679
2026-09-30	0.003720
2026-10-01	0.003371
2026-10-02	0.003536
2026-10-03	0.004551
2026-10-04	0.003962
2026-10-05	0.004360
2026-10-06	0.003612
2026-10-07	0.003335
2026-10-08	0.002550
2026-10-09	0.002651
2026-10-10	0.002861
2026-10-11	0.002872
2026-10-12	0.002519
2026-10-13	0.003339
2026-10-14	0.003865
2026-10-15	0.004164
2026-10-16	0.003977
2026-10-17	0.003736
2026-10-18	0.003106
2026-10-19	0.004087
2026-10-20	0.004609
2026-10-21	0.005241
2026-10-22	0.004132
2026-10-23	0.005175
2026-10-24	0.004817

How the raffle works

Moku said 1,800 of the 2,000 boxes go to the raffle. It keeps the other 200 for partners and its own treasury. ^[6] Up to 50 of those 200 are set to go to creators whose posts Moku picks as the best coverage of the raffle, chosen after the sale. ^[7]

A buyer deposits a set amount of SCHIFFY for each ticket and can buy as many tickets as they like. If fewer than 1,800 tickets are bought, every ticket wins a box. If more are bought, Moku draws the winners. ^[8] The draw favours buyers who deposit early and already hold Moku’s assets. Moku said 70% of the weight comes from how many tickets a buyer has. Another 15% comes from how early they deposit, and the last 15% from the SCHIFFY and Moki NFTs in the same wallet. ^[8]

Moku calls it a no-loss raffle, but the refund is in SCHIFFY, not in dollars. A losing ticket gets back the same amount of SCHIFFY within a week after the raffle ends. ^[8] Over the 30 days to the 24th of October 2026, SCHIFFY’s daily close ranged from $0.002519 on the 12th of October to $0.007731 on the 26th of September.

Moku said SCHIFFY can be bought on Uniswap, OpenSea, Fomo or Pump.fun. It asked buyers to use only the contract address it posted. ^[9] It said it would never send direct messages, and it warned buyers not to click random links. It said it would post updates from its X account before the sale. ^[10]

What Moku says is inside a Pupkin

Moku said the stock inside a Pupkin depends on its breed. Selling a Pupkin passes the stock on to the buyer, and unwrapping it gives the owner the assets inside. ^[3] In a video on the 1st of October 2026, Moku said the stock in each Pupkin would fall within a range of 0.8 to 8 times what the buyer paid to mint it. At the low end, a Pupkin holds less stock than it cost. Moku said minting would feel “a little bit like a gacha”, a game of chance where a player pays for a random prize. ^[11]

The SCHIFFY website still called Pupkins a concept on the 25th of October 2026. That was two days before the sale. ^[4]

Pupkins is in concept stage. Features, figures and timing are illustrative and may change. ^[4]

SCHIFFY website

What we have published before

• We covered “Axie Infinity Co-Founder Jihoz Invites Games to Ronin After Abstract Announces Chain Shutdown” on the 12th of October 2026 ^[12].
• We covered “Ronin Waypoint Wallet Migration: Axie Infinity Players Have Until October 16” on the 6th of October 2026 ^[13].

What the token actually does

SCHIFFY is a token on Robinhood Chain made by Moku, the studio behind Grand Arena and Nomgar Clash. ^{[2] [4]}

In Nomgar Clash, players who buy gems with SCHIFFY get 15% more gems. ^[14] On the 8th of September 2026, Moku said part of Grand Arena’s revenue in its second season would be used to buy SCHIFFY. ^[15] There is no information yet on how large that part is. In the Pupkins game, Moku said SCHIFFY would also pay for breeding and other fees. ^[11]

The SCHIFFY website calls it a memecoin. It trades against GLD, a token meant to track gold, on Robinhood Chain, a blockchain from the trading app Robinhood. ^{[4] [16]} The website says SCHIFFY does not represent ownership of gold, and that holders cannot redeem assets from its treasury. It says part of each trade’s fee is paid to holders, but that these payouts “depend entirely on trading volume, which may be zero”. It also calls SCHIFFY an “unaffiliated parody” with no link to Robinhood. ^[4]

Performance

Over the 30 days to the 24th of October 2026, SCHIFFY fell 43.6%. The wider gaming market fell 9.6% over the same days.

SCHIFFY and Gaming Token Index – Composite, day by day: data table

Date	SCHIFFY	Gaming Token Index – Composite
2026-09-24	100.0	100.0
2026-09-25	90.0	103.0
2026-09-26	90.6	103.5
2026-09-27	82.4	104.9
2026-09-28	77.7	100.1
2026-09-29	54.8	101.6
2026-09-30	43.6	97.9
2026-10-01	39.5	99.7
2026-10-02	41.4	104.9
2026-10-03	53.3	108.5
2026-10-04	46.4	111.3
2026-10-05	51.1	111.3
2026-10-06	42.3	108.8
2026-10-07	39.1	105.8
2026-10-08	29.9	102.3
2026-10-09	31.1	104.3
2026-10-10	33.5	106.3
2026-10-11	33.7	106.5
2026-10-12	29.5	103.7
2026-10-13	39.1	101.6
2026-10-14	45.3	97.5
2026-10-15	48.8	97.5
2026-10-16	46.6	96.2
2026-10-17	43.8	95.9
2026-10-18	36.4	91.0
2026-10-19	47.9	93.2
2026-10-20	54.0	96.0
2026-10-21	61.4	99.9
2026-10-22	48.4	91.9
2026-10-23	60.6	93.0
2026-10-24	56.4	90.4

What people are saying

Community

On the 20th of October 2026, ToxiC55, an X user, posted a list of web3 games and asked whether web3 gaming was back. Pupkins was on the list. ^[17]

I’m starting to feel like Web3 gaming is coming back. ^[17]

ToxiC55 on X, the 20th of October 2026

luidji, another X user, posted a different view of web3 gaming the same day. The post does not name Moku. ^[18]

Web3 gaming isn’t making a comeback, liquidity extraction events are. Find me a “Web3 game” that has built sustainable revenue over the years without relaying on repeated launches (NFTs, tokens) or raising money from their community over and over again. ^[18]

luidji on X, the 20th of October 2026

More on the story

Moku is a game studio on Ronin, the blockchain behind Axie Infinity. ^[20] On the 7th of October 2026, Moku said it began as one of the larger competitive guilds in Axie Infinity. It said its guild treasury held assets from many games that went to zero. Moku said stock inside Pupkins builds on that lesson. ^[19]

Moku has run this kind of raffle before. On the 14th of October 2025, BlockchainGamer.biz, a games industry news site, reported on the raffle for the first season of Grand Arena. Tickets cost 100 RON, then about $40, and about $4.9 million in RON was allocated to booster boxes. Losing tickets were refunded or could be spent in a second-chance shop. ^[20]

In its video of the 1st of October 2026, Moku said fees from minting and breeding Pupkins would go three ways. Part would buy back SCHIFFY, part would pay seasonal prizes to players and part would pay for the studio. ^[11] In a buyback, a project buys its own token from the market. There is no information yet on how the fees would be split.

On the 7th of October 2026, Moku let holders of badges from the Abstract chain claim one free Nomgar unit for each badge. ^[21] On the 15th of October 2026, Moku told owners of Moki NFTs to move them out of Ronin Waypoint wallets before Waypoint closed on the 16th of October 2026. ^[22] On the 21st of October 2026, Moku showed an early build of Pupkins Battle. In it, players fight each other, and a Pup’s traits affect the result. It said a Pupkin would be the first step into the Pupkins world. ^[23] On the 23rd of October 2026, Moku showed Plots, a farm in Pupkins where players grow crops and craft items for Battles and Dungeons. ^[24]

References

1. ↑ “The Pupkins Gen 0 mint will start on Oct 27 @ 11 AM ET/3 PM UTC via a No-loss Raffle priced in a set amount of $SCHIFFY…” (Moku on X, the 16th of October 2026) Source
2. ↑ (Schiffy on X, profile, read the 22nd of October 2026) Source
3. ↑ “What’s a Pupkin? The core asset you’ll use to breed, play and earn across the Pupkins world…” (Moku on X, the 16th of October 2026) Source
4. ↑ (SCHIFFY website, read the 25th of October 2026) Source
5. ↑ “Please keep in mind that there will be variance in the draw due to probability…” (Moku on X, the 19th of October 2026) Source
6. ↑ “How does the mint work? 1800 Boxes will be available via a No-loss Raffle…” (Moku on X, the 16th of October 2026) Source
7. ↑ (Moku, Pupkins Creator Incentive Program, edited the 20th of October 2026) Source
8. ↑ “What is a No-loss Raffle? Each ticket won = 1 Box. Each ticket lost = refund for that ticket…” (Moku on X, the 16th of October 2026, text and image) Source
9. ↑ “How to get Schiffy: you can buy cross-chain via Uniswap or on Opensea/Fomo/Pumpfun…” (Moku on X, the 16th of October 2026) Source
10. ↑ “This is the last post in this thread. Stay safe out there…” (Moku on X, the 16th of October 2026) Source
11. ↑ “What is Pupkins? Every NFT you own/breed is backed by a stock…” (Moku on X, video, the 1st of October 2026) Source
12. ↑ (JRPG.com, the 12th of October 2026) Source
13. ↑ (JRPG.com, the 6th of October 2026) Source
14. ↑ “There are 2 types of in-game currencies that are used for progression: Gold and Gems…” (Moku on X, the 16th of September 2026) Source
15. ↑ “Season 2 of Grand Arena will have some new mechanics…” (Moku on X, the 8th of September 2026) Source
16. ↑ (Robinhood, Robinhood Chain documentation) Source
17. ↑ “I’m starting to feel like Web3 gaming is coming back…” (ToxiC55 on X, the 20th of October 2026) Source
18. ↑ “Web3 gaming isn’t making a comeback, liquidity extraction events are…” (luidji on X, the 20th of October 2026) Source
19. ↑ “For the OGs, you know we came from Axie as one of the larger competitive guilds…” (Moku on X, the 7th of October 2026) Source
20. ↑ (BlockchainGamer.biz, Grand Arena pre-sale, updated the 14th of October 2025) Source
21. ↑ “Dear Abstract users, You can now redeem free Nomgar units…” (Moku on X, the 7th of October 2026) Source
22. ↑ “PSA: Ronin Waypoint will sunset in less than 24 hours…” (Moku on X, the 15th of October 2026) Source
23. ↑ “Introducing Pupkins Battle, a PVP experience part of the Pupkins world…” (Moku on X, the 21st of October 2026) Source
24. ↑ “Introducing Plots, your own cozy farm within the Pupkins world…” (Moku on X, the 23rd of October 2026) Source

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