Hi,

This is 41013.eth

The project on today's report - ‘mfers’

✨ Sartoshi’s mirror:

The total amount of NFTs: 10,021

MINT Date: 30th,Nov,2021

MINT Price: 0.069 ETH

Discord number: 18,479

Category: PFP

contract address: 0x79FCDEF22feeD20eDDacbB2587640e45491b757f

1. Fundamental state:

1.1 Project introduction:

Mfers is a meme project, created by Sartoshi in 2021. Mfers describes stick figure people slumped in chairs with headphones. Simple lines, rough brushstrokes and irony are the most significant selling points of mfers. And mfers convey more than that, ”we're all degens in our own way with different characters, sitting at a computer and navigating a new world..artists, collectors, investors, gamers, teachers, whatever“.** The appearance of mfers is to capture the feelings of each character and express them. At the same time, sartoshi also stated that mfers will be with a CC0 (“No Rights Reserved”) license. This unique style of painting and cultural communication has created the foundation for the success of mfers, and also laid the tone for the mfers community.

Sartoshi gives a more detailed explanation in the ‘what are mfers’. Since March 2011, sartoshi has completed the transformation process from web3 beginner → Twitter Kol → NFT creator. What really inspired his creation was the meme of 'are you winning son?'

This meme comes from a YouTube video with more than 6.2M views. And the central idea of ​​the world sartoshi wants to build is 'we all mfers', so you won't find a roadmap or any rules on discord and the official website. So far, he has succeeded. We can see that the members of mfers in discord spontaneously hold activities, carry out secondary creations, and make peripherals. The holders of mfers are constantly spreading the culture of mfers in their own way, and constantly accomplishing the goal of user fission. Every mfers holder is a KOL of this community, and every holder is making his own contribution to the sustainable development of this community.

1.2 NFT traits and amount

Total Amount: 10,021

Plain mfers: 5,916

Charcoal mfers: 3,958

Zombie mfers: 89

Ape mfers: 28

Alien mfers: 9

1 of 1: 21

2. Data Analysis

2.1 Market Cap & Volume:

As of now, the market value of the mfers project has reached $57M, the number of holders is 5599, and the floor price is 1.44 ETH.

We can find that the market cap of mfers peaked in April 2022 ($148M), and then gradually decreased. In May of this year, due to the impact of cryptocurrency market volatility, the market value slowly decreased from $74M to the current $57M. Its trading volume is far lower than before due to the environment and bear market.

2.2 Holders overview:

From the above data, it can be found that the number of mfers holders is increasing slowly and steadily, from the initial 2.28k to the current 5.6k, with a growth rate of 151% in seven months, and the whale’s proportion increased from the initial 0.8% to the highest 2.4%, and then decreased to the current 2.07% due to market conditions.

Paying attention to the number of holdings and the holding period, we can find that 4,228 holders only hold 1 NFT, accounting for 75.53%, and there are 1,022 addresses that hold 2-3 NFTs, accounting for about 18.26%. From the perspective of the holding period, 67.39% of addresses held for more than 3 months, and 18.73% from 1 month to 3 months.

From the above data, we can find that the chip distribution of mfers is relatively scattered, and the holding period is long. This just reflects the recognition and love of mfers holders for this project. The fact that they hold and contribute for a long time is also in line with sartoshi's idea. Each mfers is an independent individual. This decentralized distribution increases the number of individuals. There will be more mfers holders who will contribute to the promotion of mfers culture.

• Mfers successfully demonstrated its strength in the NFT bull market in Jan and Feb, and its market cap exceeded $100M.
• Due to recent market fluctuations, the floor price of mfers has been greatly affected, and it has dropped from about 3 ETH in early April to 1～2 ETH, but we can find that as the floor price drops, there are more holders of mfers, which just reflects the market’s interest in The recognition of the mfers project, the continuous buying behavior will maintain the floor price at the current 1.5 ETH.
• The chip structure is relatively scattered, and the proportion of retail investors is large.

3. “Official” Social Media

As sartoshi mentioned, mfers does not have an official discord or twitter. All these are organized and established by the holders. The number of discord members of mfers has reached 18,479, and the community is harmonious and the atmosphere is also very good.

And the unlimited imagination and creativity brought by the self-organized community of the members, the members made their own merch, and funded the mfers into posters for publicity. A pop up was also held in Shanghai a few days ago. This kind of spontaneous The behavior and community culture of mfers are the most attractive points of mfers.

4. Summary

From what I can see, mfers is more like a large-scale sociological experiment based on web3. Members of the community have no anxiety about floor prices, and there is no official roadmap to limit or fix the development of mfers. This culture of freedom and unfettered existence exists among community members, and is also hidden in mfers NFTs. The future development of the mfers community is even more exciting. No one will know what the next step will be. Everyone will become a representative of the entire mfers community because of a good idea, and make a step-by-step plan for the future of mfers. I think that's what Sartoshi wants to see too.

‘This report was written by 41013.eth, please contact me in advance for any reprinting and other behaviors.’

‘All data basic release date July 5, 2022’