Sartoshi abandoned his NFT project Mfers

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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. 

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Valeria Goncharenko

Valeria is an Italy-based writer passionate about web3 and innovation. She is getting her second major in International Business Management while dedicating her spare time to photography and fashion. You can contact her at [email protected]

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