【Nakamigos】NFT, whose operator is also a mystery, recorded transaction volume exceeding that of BAYC / What is the identity of NFT, the most talked-about company in the world today?
It is expected to become the next CryptoPunks.
Good morning.
This is Mitsui, a web3 researcher.
Today I researched about "Nakamigos.
«Table of Contents»
1, What is Nakamigos?
- NFT Information
- Features
- The reason for the popularity is the mysterious management team?
- Sartoshi is the founder?
- Why did beeple suddenly enter the market?
2. Everyone loves crypto after all.
What is Nakamigos?
Nakamigos" is a 20,000-piece generative NFT with a crypto-style design similar to CryptoPunks.
Minted on March 23, 2023 for free or about 0.01Eth, NFT rapidly became famous and recorded a trading volume of 7,562 ETH in just 4 days after minting.
It is no exaggeration to say that it is the most watched NFT project in the world today. However, the main feature of Nakamigos is its mystery. The community, roadmap, and creator are not clear.
Various speculations have been generated, but only the project is becoming well-known without any real confirmation of its authenticity.
Here is some of the information that has been made public.
■NFT Information
Number of pieces: 20,000
Price:
Early Access: Free
Public Mint: 1Eth ~ 0.1Eth Dutch Auction (price drops by 0.1Eth every 10 minutes)
Dates:
Early Access: March 22, 2023
Public Mint: March 23, 2023
Creative: basic Human type, but rarely other types exist.
As of April 6, the date of writing, the floor price has reached 0.53Eth.
■Features
No community, no roadmap
At this time, there is no Discord, only Twitter. Also, no roadmap has been released.Release of commercial use rights
The same license is granted to the holder as the commercial use rights released by Yuga Labs.
Nakamigos is a friend of Satoshi Nakamoto
Nakamigos, the name of the project, is a friend of Satoshi Nakamoto, the creator of Bitcoin and a crypto asset investor. (I think that's how it's set up.)
■The reason for the popularity of the project is a mysterious management team?
Now let's discuss the reason for the price hike; there is almost no information on the website, so I will introduce it based on Twitter and discussion articles, but the truth of the information is often unknown.
//Operating team: HiFo Labs//
The name of the team has been revealed, but the members are anonymous and not known. It only states that they have been creating NFT and digital art projects for the past 5 years.
This consideration of the team members is largely responsible for the price hike. It's like, "These are actually great guys making this stuff, aren't they?" That's the excitement.
Here are some of the reasons for the rumors.
The development team is impressive.
WestCoastNFT, whose name has been revealed, is the developer of the Mint system. This team is well-known in the NFT community, having also developed systems for Doodles and others.
24 prominent influencers were presented with commemorative NFTs.
The fact that it is held by influential celebrities in the web3 industry and suggests that there is a connection between them, which gave us food for thought about the greatness of the people in it. They include Richard Chan of Manifold, Erick Calderon, CEO of Art Blocks, and Seedphrase.
Larva Labs
Because of the creative similarity to CryptoPunks and the distribution of commercial use rights, it was rumored to be the CryptoPunks production team (now sold to Yuga Labs). However, this was denied by the official Twitter.
Sartoshi.
In fact, there are strong rumors that Sartoshi, an influencer and founder of the NFT project mfers, may be the founder. This one has not been denied yet.
■The founder is Sartoshi?
Sartoshi is the person who created the very popular NFT project called "mfers".
Launched in November 2021, the project was popular, but in June 2022, in keeping with web3's philosophy of decentralization, the company announced that it would outsource its operations and funding to the community and stepped down from managing the project itself.
This move was controversial and drew much criticism. (As it turned out, he returned six months later.)
The NFT collection he created at the time of his departure is "end of sartoshi - eos pass.
And what a surprise, early access rights to Nakamigos will be granted to "eos pass" holders. They are not giving early access to many NFT holders, but only "eos pass" holders.
He has also tweeted about the Nakamingos information on Twitter, but there is still no denial or affirmation regarding his official involvement.
With all this evidence, perhaps it is? There are rumors that this is the case, but we cannot be sure of their truth.
■Why has beeple suddenly entered the market?
Nakamingos has been popular due to those rumors, but on April 3, beeple tweeted that they would create a second chapter of the Nakamigos NFT project if the community raises the minimum price of the collection to 1 ETH.
Speaking of beeple, he is one of the most famous NFT artists in the world, whose NFT art sold for about 7.5 billion yen and helped create the NFT boom. Currently, he is also an advisor to Yuga Labs, as WENEW, which was founded by beeple, has been acquired by Yuga Labs.
Such a heavyweight in the NFT industry tweeted in support of the company, which further boosted its popularity.
However, beeple himself has stated that although he is a holder, he has no connection with the management and simply likes to have fun.
These combined moves have raised expectations that it could be the next CryptoPunks, and its popularity continues to grow.
Everyone loves crypto after all.
It's been a while since I've seen a crypto-ish NFT project.
In fact, I knew Nakamingos existed because it has been at the top of OpenSea's trending rankings for a long time, but I didn't research it in depth because there was too little information about it. However, it was too popular, so I decided to take this opportunity to do some research and look for more information.
To be honest, there was too little information.
I didn't even know who created it, there was no community, and there were almost no articles, including those in English, covering the project or discussing it.
“Why is this project so popular?"
To put it simply, that's what I thought.
But when I think about it, both CryptoPunks and BAYC were like, "Why are we paying tens of millions of yen for this jpeg? Why is it worth so much? I was told, "Why is this jpeg worth tens of millions of yen?
Especially in the early days of generative and PFP NFT projects, it was only later that the brand was attached to them.
From there, everyone cooled down and the NFT boom settled down.
However, I am excited about this chaotic situation like "Nakamingos," where I don't know why it is gaining value, but there are unfounded rumors and the price rises because the price rises.
I don't know what beeple's true intentions are, but I think they are excited to see a chaotic project that hasn't been created in a long time.
But I think this reversal phenomenon of value-added to value-added is not strange, and I believe that everything in the world is like that. Whether it is a Pokéka purchased for a few hundred yen that is now worth several million yen, or a pair of sneakers priced at tens of thousands of yen that is resold for several million yen, everything is determined by supply and demand.
Since NFT reflects this supply and demand in real time, the phenomenon of value for value is likely to occur. However, I feel that this phenomenon is very NFT-like, and I see it as the phenomenon that most expresses the essence of value.
It seems that human beings are the only creatures capable of believing in fiction, and thanks to this we have developed to this point.
This research reminded me of something crypto-ish that I had almost forgotten!
We all love crypto after all!
«Reference Link»
・HP：https://nakamigos.io/
・Twitter：https://twitter.com/Nakamigos
・mirror：https://mirror.xyz/nakamigos.eth
・OpenSea：https://opensea.io/collection/nakamigos
Disclaimer: This is written after careful examination of researched information, but since it is privately operated & the source is often in English, there may be some mistranslated or incorrect information. Please understand that some information may be mistranslated or incorrect. Also, we may introduce Dapps, NFTs, and tokens in the articles, but we do not have any solicitation purpose. Please purchase and use all at your own risk.
Writer
mitsui@web3researcher
Daily information about web3 (projects, news, explanations of vocabulary, interviews with project owners, and articles about learning and thinking from research).
※This is a translation of a Japanese article, so I apologize for any unnatural English.