The Potatoz NFT minting event turned out to be a lucrative affair, raking in $5 million on its launch day.
Earlier this month, Memeland teased their Potatoz NFT project, unveiling a total of 9,999 unique pieces. utility-enabled PFP artworks They have been rather mysterious regarding how this NFT series integrates into their larger vision, although hints from the website suggest a mint happening 'sometime in July.' FAQ section That anticipated date finally arrived yesterday, marking the official arrival of these charming 8-bit potato characters.
Despite the FAQ indicating that the Potatoz would be free and limited to one per wallet, the mint event surprisingly brought in $3 million. OpenSea .
Given that pieces from their premier Memeland Captains NFT collection are selling for about 7 ETH each on OpenSea, it’s understandable why buyers eagerly paid up to the highest floor price of 0.6 ETH for Potatoz NFTs. within hours So, what is a Potatoz, and how does it connect to Memeland?
The website cryptically narrates, 'Long ago, in a distant memetaverse... Memeland was barren and lifeless,' until early inhabitants known as Potatoz emerged on the scene. A mystery surrounds their arrival: who left them there?
The site elaborates, 'While they can be wonderful companions, there are those who prefer to thrive independently. Rumors suggest they have ties to the Memelist, $MEME, MVP, and more!'
To understand the bigger picture, we should start with the basics. Memeland is what 9GAG has chosen to call its identity in Web3.
Operating from Hong Kong, this social media platform claims to be the largest meme community online, with a name derived from Cantonese slang for humor. 9GAG The visuals on their platform showcase a vibrant island depicted in their characteristic 8-bit aesthetic. Their Captain NFTs not only serve as collectibles but also grant access to their unique $MEME token, alongside other perks like entry to exclusive events, an NFT marketplace, and upcoming drops from both Memeland and 9GAG.
Memeland’s site Essentially, the Memeland Captains collection serves as the foundational element of their expansive ecosystem, and excitement is certainly building.
In conjunction with the unexpected Potatoz launch, Memeland unveiled a partnership with NFT creative platform Refinable to host an eight-week art exhibition at Hong Kong's Times Square, starting on July 30. The exhibition will also showcase various projects like InBetweeners, HAPEs, and the Monkey Kingdom.
Reports suggest that this exhibition will be an exhilarating experience, featuring elements such as a pirate-themed adventure rich with games, the metaverse, NFTs, and what 9GAG is widely recognized for.
Cointelegraph For this event, Refinable is also set to release 100 pirate-themed NFTs as part of the festivities. memes Early promotional materials indicate that the adorable Potatoz—currently depicted as little saplings—are just the first hints of a broader narrative that’s beginning to unfold. Although details are sparse, perhaps that’s the reason why Memeland kept upfront costs low for participation. While there was a 'Memelist' for members of the Captains collection, this list didn't apply to the Potatoz.
Actually, they distributed Potatoz 'allow list' positions through giveaways, partnerships, and MVPs—owners of the iconic 'YOU THE REAL MVP' NFT series—similar to a loyalty rewards program. MVPs even had the chance to acquire multiple Potatoz.
Just a day after minting, the Potatoz collection site now displays a note stating, 'Sorry, we’ve run out of Potatoz. Look for some from resellers.' OpenSea reports that all 10,000 NFTs have been minted, with 5,300 unique owners and a staggering trading volume of 3,400 ETH—amounting to over $5 million in total cash flow. The current floor price has dipped slightly to 0.53 ETH, compared to other PFP collections launched this week.
What are these spuds sprouting up for? At this point, it’s more of a concept than a clear vision. However, it certainly seems like they will soon come to fruition. Stay tuned for updates on further developments. Curious about how to mint NFTs on Solana? Here's the ultimate guide for 2022. , that’s nothing for diehard fans.
Highlights from the Metaverse Daily on July 19 include reports of a Premint user hack and an exciting collaboration announcement between Meta and DressX.
Read related posts:
uz
uz vi Enso, LayerZero, and Stargate have joined forces to facilitate one of the largest liquidity migrations in Ethereum's history towards Unichain.