The Potatoz NFT is 9GAG’s series of 9,999 software-enabled PFPs. Each Potatoz is your access price tag into the Memeland environment—a metaverse assignment created by 9GAG. Like other club-based totally collections, Potatoz presents access to an one of a kind network and a metaverse venture themed on pirate history.
With a couple of PFP collections, specific private companies, and IRL events, The Potatoz is mooning amidst a bear marketplace. In this text, we cover what Memeland’s Potatoz NFT is and why it stands out among a crowd of hastily declining NFT tasks.
What Is The Potatoz NFT?
The Potatoz NFT is a unfastened-to-mint PFP collection at the Ethereum blockchain created by using the popular on-line platform and social media internet site, 9GAG.
Best known for showcasing user-generated memes from gamers, manga fanatics, cosplayers, and other younger human beings round the arena, “9GAG is your first-rate supply of happiness.”
The collection changed into a unfastened mint that released on July 20, 2022. Although the gathering to begin with displays shifting pixel-artwork “potato sprouts”, they’re set to morph into extraordinary potato-stimulated figures.
The NFT’s metadata is stored on an InterPlanetary File System (IPFS) as opposed to fully on-chain.
This kind of garage poses a not unusual difficulty to visually appealing metadata projects, as the clever contracts and the metadata are separate.
You can view the settlement cope with on Etherscan.
In addition to the wonder launch of Potatoz, Memeland introduced a collaboration with Refinable—an NFT creative studio—to supply an 8-week artwork show at Hong Kong’s Time Square beginning on July 30.
The Potatoz KPI provided with the aid of DappRadar
In the first three days after launching, Potatoz displayed a surge of hobby. And despite the fact that the buying and selling rate following the launch had fallen nearly ninety%, the collection still managed to be the 8th most traded collection within the previous seven days, with a complete trading volume of $2.8 million.
Following the preliminary hype, on July 30th, The Potatoz introduced its NFT staking characteristic, propelling the trading quantity by means of 60%.
The Potatoz Trade Volume vs. Average Sales according to DappRadar
The trading quantity has slowed down over again, however the average floor charge is growing day by day, presently sitting at 1.31 ETH ($2450.89).
That being said, the floor fee has accelerated extensively (a hundred and forty four%) from the mint fee. This suggests that there’s widespread hobby inside the series and that it’s appeared as extraordinarily valuable through the market, thinking about the group and application at the back of the gathering.
What Is the Utility Aspect of Potatoz NFT?
Holding a Potatoz NFT offers you with a unique possibility to participate inside the Memeland atmosphere in its preliminary level. Not only are you able to develop your very own Potatoz, so as to quickly sprout into artwork, but you’ll additionally grow to be a part of the Memeland Memelists, $MEMEs, and Memeland MVPs.
Holding a Potatoz NFT gives you with a completely unique opportunity to take part in the Memeland atmosphere in its preliminary degree.
The Potatoz NFT software
Furthermore, on July 23, the team announced a staking function thru a Tweet. This function allows customers to earn prizes for retaining Potatoz in their wallets. Also, the grow-to-win internet site launched on August fifth allows customers to link their wallets and promote their Potatoz NFT.
According to this Tweet, the Growing characteristic is about to be completely enabled on August 18th, allowing customers to stake their Potatoz and collect prizes.
As a long way as engagement is going, the Potatoz NFT collection doesn’t actually have its very own Twitter account, but, that’s in all likelihood as it’s associated with the Memeland account, which has fostered over 441,000 fans on account that its initial creation in February 2022.
Moreover, the team doesn’t have a separate Discord account for Potatoz, but the Memeland Discord is domestic to more than 31,000 active users, with greater than 318,000 overall members.
Within their Discord, there’s additionally a personal channel this is best reachable with the aid of Potatoz NFT holders.
Potatoz has kind of 9,918 unique traders, which is average in line with DappRadar’s benchmark. The Potatoz NFT series heavily emphasizes the community protecting the token to acquire future blessings. As a result, many buyers pick now not to turn their Potatoz for quick-term income.
Who’s Behind The Potatoz Collection?
9GAG is the organisation behind the Memeland mission, which is also the umbrella brand of The Potatoz NFT collection. 9GAG is a Hong Kong-based totally social media startup launched in 2008. On common, the corporation gets four million daily visits and one hundred fifty million month-to-month visitors across its website, apps, and social media.
They have more than sixteen.Eight million Twitter fans and over 58 million Instagram followers.
In addition to the emblem’s big online presence, 9GAG is supported by some of the enterprise’s main advisors and traders
The Potatoz NFT advisors and traders
In addition to the brand’s huge on line presence, Memeland is supported through some of the enterprise’s main advisors and buyers inclusive of Gary Vee, Kevin Rose, First Round Capital, Freestyle Capital, Greycroft Partners, True Ventures, and 500 Startups, amongst others.
Considering Memeland’s impressive organization of advisors and buyers, there is powerful cause to consider that this task has the capacity to be the next blue-chip NFT.
What Is Memeland?
Memeland is 9GAG’s web3 environment metaverse, aka Memetaverse. Members of Memeland advantage access to $MEME, non-public membership membership, an exclusive writer NFT marketplace, IRL events, upcoming Memeland & 9GAG drops, plus extra.
To become a member, you need to preserve one of the following NFTs: YOU THE REAL MVP, Potatoz, or quickly-to-mint Memeland Captains.
Memeland Captains is the number one NFT series of Memeland. It’s a collection of nine,999 software-enabled PFPs. Each Captain unlocks all the perks in Memeland, inclusive of $MEME, private club club, unique get admission to to the author NFT marketplace, IRL activities, upcoming Memeland & 9GAG drops, and greater.
The release date for Memeland Captains remains unknown. For all the contemporary updates, make sure to observe Memeland on Twitter and be a part of their Discord.
The $MEME token helps the creator economic system and serves as Memland’s governance token. You can earn $MEME through passively conserving and staking or actively gambling and developing an account. Every Memeland Captain yields [redacted] $MEME each day for [redacted] years.
Ultimately, The Potatoz is a set of nine,999 NFTs published on the Ethereum blockchain with the aid of Memeland. Each Potatoz NFT is application-enabled and presents get admission to to the Memeland surroundings. It is not the primary collection in Memeland, but it acts as a prelude to Memeland Captains, the number one collection.