Sartoshi abandoned his NFT project Mfers
The creator of the NFT collection Mfers Sartoshi has abandoned his project.
Mfers is a collection of 10,000 hand-drawn NFTs. The PFPs feature various traits such as type, smoke, hair, headphones, and others. In April, the collection hit an all-time high of $16,406.
Sartoshi is an anonymous individual, meme artist, and NFT collector. As readers might notice, they chose a pseudonym that references the pseudonym of Satoshi Nakamoto, the Bitcoin creator.
The artist came up with a creative way to exit the project. They teased the followers with tweets about something coming up on June 9. The community was expecting a drop, but the news they gave was an announcement about “the end of sartoshi,” which was accompanied by an NFT artwork.
A day later the creator’s Twitter page was gone. Sartoshi did not explain their decision. Nevertheless, they shared the vision for the future of the Mfers community in a blog post. For instance, the contract will go to the community. The royalty shares will become the following: 50% for Mfers multi-signature wallet, 25% of royalties for Sartoshi, 15% for west coastnft, and 10% for other Mfers developers.
25% of royalties from secondary sales going to the creator is a very high percentage for Web3. Fans of decentralization wonder why the anonymous artist would have done a move like that.
The official handle of Mfers Twitter account is now “unofficialmfers.”
At the moment of writing the floor price of the collection is 1.449 ETH (approximately $2.420), and the total volume of sales is 38.9K ETH.
Read related posts:
- BLVCK Paris Reveals a Genesis NFT Collection
- Bored Ape Yacht Club Creators Raised $450M for a Metaverse Project
- Visa Announced an NFT Program For Creators
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]
More articles
Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]
