The ‘mfers’ are a series of doll collectibles created by NFT Influencer and shitposter Sartoshi. While they were originally cheap to hit, they quickly grew into something huge. Plus, they laid the groundwork for countless later meme compilations. So what exactly are mfers NFTs? And why are they so loved? Let’s learn more about this interesting project with Coincu.
What is Mfers?
The universe of mfers is simple. Their slogan: “We all mfers!” means there is no hierarchy! All mfers are created equal. Since there is no king or ruler, mfers can create anything they want with their NFT.
The initial coin price for an NFT, released in November 2021, was 0.069 ETH or $84. According to CoinGecko, the current bottom price of the collection is 0.79 ETH or $1375, with a remarkable market cap of 8,014 ETH or a mouth-watering $14 million.
mfers is a unique NFT collection that will appear on the Ethereum Blockchain in late 2021 and be released anonymously by Sartoshi. mfers began as a personal investigation into the realm of community-driven, decentralized digital art.
The NFT Collection contains 10,000 meme NFTs, which are inspired by the original CryptoPunks NFT collection. There are also twenty-one 1/1 NFTs honoring 21 prominent NFTs of the period, including BAYC. In addition, these NFTs are in the public domain, which means that the owner of the NFTs can use them for commercial purposes if they wish.
The birth inspiration of mfers
Sartoshi began researching digital works on SuperRare in March 2021, a platform that allows users to purchase and trade unique digital art. Sartoshi found CryptoPunks, an extremely popular NFT created by Larva Labs, while gloating about his findings.
CryptoPunks has 10,000 beautiful NFTs with a clear Pixel design language. Sartoshi saw what CryptoPunks had done and acquired his first CryptoPunks in April 2021, which motivated him to develop the NFT mfers project.
Sartoshi started making work on Foundation, a digital art creation site. Sartoshi used humorous and simple material to engage with the community. Sartoshi’s signature digital art style and upbeat social media presence attracted viewers, resulting in a significant following. Then came the “AHA!” moment. What if we all have that kind of thing in us? What if, in a way, we’re all swordsmen for a computer navigating a new world? As investors, artists, gamers, collectors, whatever…,” the creator wonders.
Sartoshi popularized the idea of ”I can do whatever I want in Web3″ by creating a figure in the form of a youth smoking a cigarette.
The NFT project grew from a personal fascination with digital art into a decentralized community that generates, manages and expands the blueprint of the mfers world.
mfers is at the forefront of NFTs by leveraging public domain licensing, community-driven decision-making, and blockchain technology.
With partnerships, new initiatives and a dedicated community pushing derivatives into digital art and community development, the future looks bright.
Sartoshi teamed up with the WestCoastNFT group, a group of developers and NFT enthusiasts, to build the Mfers collection. They were responsible for the technical aspects of the project, such as setting up the Ethereum contract and implementing coin features. Meanwhile, Sartoshi meticulously developed each figure, each with its own personality and aesthetic appeal.
It makes sense to create a stick figure based NFT collection since everyone has a rebellious side. Paying homage to the original initiative, the CryptoPunks-inspired 10,000 NFT collection features similar rarities.
Unfortunately, Sartoshi chose to act like the real Satoshi in June 2022. Yes, the NFT influencer has deleted his profile and transferred ownership of the contract from himself. But he was not so easily defeated. Sartoshi sent a mysterious farewell note and a final NFT to say goodbye. Many on crypto Twitter saw this as a scam as Sartoshi pocketed 20% of the proceeds. On the other hand, he did let his supporters know he was leaving, so others argue the drop is just a piece of history.
Others viewed the End of Sartoshi NFT collection as a carpet pull since the famous shitposter disappeared right after. Despite this, many people still exchange farewell tokens.
What is so special about mfers?
This collection questions what we think we know about the Web3 universe. Essentially, the inventor refused to submit to the usual norms of the NFT crowd. Meaning? Sartoshi made sure there was no access to whitelisting, sponsored marketing, or anything else when creating the mfers NFT.
mfers was first launched as an experiment. Simply put, they were published to test whether a public domain NFT (CC0 licenses: you may copy, modify, distribute and perform the work, including for commercial reasons, all without asking permission) would capture the interest of the public. wake up. In addition, Sartoshi granted the public the NFT copyright over the production. “Mfers don’t need Sartoshi’s approval and don’t have to look over their shoulder as they experiment and build,” he says. And he was right!
It is clear that the advantages of this trial outweighed the disadvantages. Especially with so many alternatives! Consider this: anyone can use their mfers NFT in any way they like. For example, some mfers created their own NFT assets and stuff, but the blockchain ensured that the owner of the original NFT always owned the OG asset.
It’s worth remembering that Gremplin’s classic collections of Nouns and Cryptoadz also used this method, and it worked. This collection also lacks formal social media profiles. To clarify, the mfers NFT community has established an officially unofficial discord with over 53,800 members doing amazing things! And Sartoshi isn’t even there! There is also an unauthorized Twitter account! This is exactly what “Power To The People” means.
Many people may be perplexed as to why anyone would spend $40,000 or more for a stick figure piece of art when the mfers’ NFT collection has no value or future plan.
The answer is community. mfers have become commonplace in the field of NFT Twitter. Others expect them to be the next blue-chip NFT. This is due to the fact that Sartoshi did not build the community using a whitelist. The initiative arose naturally from a common passion.
Part of the popularity may be due to the qualities of the design and how relevant it is. The posture of the stick figure sketch is similar to that of someone sitting at a desk staring at a computer screen. It’s something anyone can connect to in today’s environment. Basic accessories, hairstyles and facial expressions serve as the perfect canvas for people to identify with.
Satoshi urged the community to create new art without following strict guidelines. To share ideas and collaborate, the community has created an unofficial mfers discord server. Individuals filled various positions, such as moderators, artists, developers, and project managers. This contributed to the formation of an organic and decentralized community.
Usefulness of the NFT collection
The community provides all amenities for and to the community. And the mfers make great things:
Where to buy the NFT collection?
You can buy the NFT collection on NFT marketplaces like OpenSea.
Method
NFT smart contract and the largest NFT royalty share went to the community. Through the mfers unofficial multi-sig wallet, most (50%) of the NFT maker’s royalties went to them to do with as they pleased. In detail, the total creator royalty of the NFT collection will be 5% and the breakdown of the total creator royalty is as follows:
- 50% unofficially the multi-sig.
- 25% Sartoshi maker royalty wallet.
- 15% goes to the WestCoastNFT Dev team (they are also the Dev team for the iconic Doodles NFT collection).
- 10% Other suppliers Devs and Consults.
mfers DAO
As the group evolved and matured, they began thinking about becoming a Decentralized Autonomous Organization (DAO). This would allow community members to express their views on the future of the project, future partnerships and financial distribution.
The DAO would use blockchain technology and smart contracts to enable fair and transparent decision-making, in line with mfers’ decentralized ideals.
Token
The mfers NFTs have developed their own token concept to encourage greater community participation. Participants can use this token to vote on choices, sell additional offers, provide feedback on project developments, and access unique offers and content. This allows the initiative to stay engaged with the community while also developing.
Partners
Several artists, developers and business people have expressed interest in the mfers initiative, resulting in many mfers collaborations and partnerships. These links have helped expand the world of mfers by creating new projects and activities that make use of the distinctive characters and artwork. Fashion partnerships, virtual reality experiences, game integrations and other initiatives are examples of this. The mfers universe is always growing, bringing new options for community members and the larger NFT space.
Conclusion
The uncomplicated approach of the NFT collection is crucial to its success. In addition, Sartoshi gathered the entire mfers community and assigned them crucial tasks. In the end, the collaboration between maker and community broke through many boundaries and imaginary hierarchical taboos.
This decision sparked creativity and allowed the community to experiment with the characters in a variety of ways, including cartoons, related projects, and tangible items.
It clearly forced individuals to work hard to get the most out of their NFTs. The success of the NFT depended not only on the makers, but also on the NFT holders.
The project has made its famous NFTs available to the public, opening up a plethora of new development prospects. The project has grown organically, demonstrating the viability of community-driven, decentralized NFT ventures. The mfers NFTs have shown how through creativity and a shared sense of ownership, NFTs can generate strong and active communities that extend beyond the digital realm. As the NFT sector grows, the dedicated community will undoubtedly help shape the future of digital arts and culture.
DISCLAIMER: The information on this website is intended as general market commentary and does not constitute investment advice. We recommend that you do your research before investing.
