NFT Spotlight: Mfers
Analyzing Trends and Growth Potential
These mfers are special in many ways. First of all they’re one of the first and easily the biggest movement that in essence is built around meta-culture in the NFT world. Like the Bored Ape Yacht Club, the mfers are a child of its time. Bored crypto investors were aping in left and right when DeFi was in its embryo stage, making enough money to buy yachts. Mfers are a bunch of chill mfers born and raised in the world of web3, fkn around making stuff, buying stuff, selling stuff and meming stuff.
The creator, the mysterious Mr Sartoshi, has since way way way back in the day of 2020 established himself as the meme lord of NFT culture, blurring the line between meme and fundamental culture creation. Just like the blockchain doctor ordered, in this world everything is composable and the mfers are a testament to that ethos.
What makes the mfers unique aside from the art and cultural significance is that they are a completely decentralized community. There’s no official twitter account, there’s no official discord server (although fittingly enough there’s an UNofficial discord server from the mferverse.) and the mfers come with no strings attached whatsoever - any owner has full commercial rights and can do exactly what they want with it. In Sartoshi’s own words:
“…this project is in the public domain; feel free to use mfers any way you want.” /Sartoshi
At Studio TBD we intend to take full advantage of this to celebrate this brilliant art and culture project. Stay tuned for specific plans after our own NFT membership token mint.
There are already a bunch of derivative projects happening around the mfers. 1/1 are common but there are whole series being made by other mfers. One of our favorite series is the Mfers Ahead which are basically just the same mfers shot from a different angle. Some creative mfers out there for sure.
Top 5 Reasons We Are Bullish on the mfers:
Meme lord @sartoshi_nft head mfer in charge
Decentralized community creating internet culture around the mfers
Price is Up 290% Last 30 Days
Unique owners is 4600
Mfers organically building stuff and making content on top of the mfers
Key Data Points
These numbers speak for themselves but it is worth pointing out the revenue number and Twitter followers together with the unique owners. Feels like it’s not nothing.
Floor Price: 0.399
Market Cap: $9,750,000
Total Revenue: $3,437,500
Unique Owners: 4600
Twitter Followers: 110.8K
Price trend 30 days: 290%
Volume trend 30 days: 60%
Some mfers are getting pricey. The floor for mfers with the hood up is 1.8 ETH already for example. There has been a large number of mfers selling above 5 ETH with several of them going as high as 10 ETH. Check out the rare activity here.
Growth and Monetization Opportunities
Mfers are culture more than anything. There’s no elaborate roadmap or promises to keep. There is however a lot of freedom in terms of what you can do with the mfers. The community is in charge and the love is strong. Therein lies the growth opportunity. Sartohi’s mfers is a bubbling chaotic and decentralized community, which is the best growing grounds for proper profound culture creation. Don’t be surprised if these mfers start to pop up everywhere around you soon. We think they will, and we think the mfers are here to mfing stay.
Full disclosure: Studio TBD has an initial position in Mfers and will look to increase it when our initial NFT membership token sale is 25% sold out.
Not Financial Advice, Do Your Own Research.