Mad Lads: A deep dive On The History Of Solana’s Premier NFT Collection
Abstract
With a total volume of approximately 3M SOL, and a vibrant and engaged community, Mad lads, the foremost NFT collection on Solana is at the forefronts of the digital assets industry. This article offers a thorough examination of its origins, development, secondary market activity, milestones, community expansion, and Future Outlook. We will unveil the key elements behind the success of Mad lads.
- TABLE OF CONTENTS
- What is Mad Lads
- Origin and Inception: The mint that broke the internet
- Backpack Team
- Secondary Market Analysis
- Milestones
- Factors driving community growth
- Personal Thoughts
- Conclusions
- WHAT IS MAD LADS?
Mad Lads is a collection of 10,000 NFTs designed by Yann Penno. The design aesthetics is influenced by a blend of anime elements, human PFPs with the vibe of Peaky Blinders. Mad Lads has amassed a total volume of around 3 million SOL, establishing itself as a leading collection within the Solana blockchain ecosystem drawing the interest of both art collectors and enthusiasts alike.
- ORIGIN AND INCEPTION: The mint that broke the internet
Mad Lads was born from the visionary minds of the Backpack team, a team passionate about Solana ecosystem and well known for pushing the boundaries of blockchain technology. The collection’s genesis can be traced back to a shared vision of democratizing access to unique and valuable digital assets. The introduction of Mad Lads in 2023 represented a pivotal moment in Solana ecosystem, presenting a collection that not only exhibited outstanding artistry but also encapsulated a robust community.
Every NFT in the collection was minted at a rate of 6.9 SOL, commencing on April 20th, 2023.
- THE BACKPACK TEAM: The Brain behind Mad Lads
The team behind Mad Lads, Backpack deep understanding of the NFT landscape, combined with their passion and dedication, has been instrumental in Mad Lads' success. The team’s expertise in marketing, design, and community management has been key to creating a thriving and engaged community.
Here are some of the things that made Mad lads unique:
- A New Kind Of NFT (xNFTs):
One of the factors that contributed to the success of Mad Lads is the uniqueness and innovation. unlike other popular connections like Bored Apes, Azuki… Mad Lads introduces a new kind of NFTs known as executable NFTS (XNFTs).
Every Mad Lad serves as a tokenized application facilitating staking for gold coins, securely stored within a soulbound inventory system. This means that items within each Mad Lads inventory are non-transferrable and exclusively owned by the holder.
2. Honeypot Strategy:
The "Mad Lads" NFT p gained significant attention during it launch when it faced and overcame challenges such as bots overwhelming the mint process which resulted in a 24-hour delay.
The Mad lads creators cleverly retaliated by tricking these bots into spending a substantial amount of money on a fake mint, totaling over $250,000 worth of SOL.
This tactic helped preserve the NFT drop supply for genuine participants interested in the project, filtering out those attempting to exploit the minting process for quick profits.
3. Focus On Growth and Community:
Another factor that contributed to the success of the mad lads is the the complete focus on growth and Community engagement. The commitment can be observed in the Backpack team and leadership structure.
In contrast to certain NFT initiatives and projects, the Backpack Team has chosen a relatively anonymous stance. They have opted to keep their identities pseudonymous, with minimal public information accessible. This anonymity gives room for flexibility and experimentation, The team also enjoy privacy and able to focus on building the best products.
- SECONDARY MARKET SALES ANALYSIS
The secondary market performance of Mad Lads has been remarkably impressive, showcasing the substantial demand and value attributed to these NFTs. Accumulating a total volume of approximately 3 million SOL, Mad Lads consistently captivates collectors seeking ownership within this esteemed collection.
The resale worth of Mad Lads NFTs demonstrates consistent escalation, affirming its position as a leading collection on Solana. Moreover, the secondary market for Mad Lads remains vibrant, with each new release reigniting enthusiasm and engagement within the community.
- MILESTONES THAT CONTRIBUTED TO MAD LADS GROWTH
Mad Lads has achieved many notable milestones, propelling the project to the forefront of the Solana NFT ecosystem. From its initial launch to its collaborations and partnerships, Mad Lads has consistently raised the bar for innovation and excellence. The passionate and engaged community has been instrumental in the project’s success, creating a dynamic and thriving ecosystem. Together, these factors have established Mad Lads as a premier NFT collection.
- Successful Launch: The successful launch of Mad Lads is a significant milestone for the project, representing a major accomplishment and a stepping stone to future success. By attracting a large and passionate community, raising substantial funding, and generating significant buzz, Mad Lads has positioned itself as a force to be reckoned with in the Solana NFT space. The 'Honey pot strategy ' and its successful implementation also sets the stage for even greater things to come, as the project continues to expand and evolve.
2. Community Engagement: Community engagement is a critical factor in the success of Mad Lads. By fostering a close-knit, vibrant, and passionate community, Mad Lads has created a cult-like following and a sense of belonging and connection among its members. This has led to higher levels of engagement, with members actively participating in discussions, sharing ideas, and supporting each other.
3. Endorsements: Endorsements from influencers and celebrities including artists and big names in crypto space are a major catalyst for Mad Lads' success. With the power of social media, these endorsements reach a massive audience, raising awareness and generating interest in the project. This not only boosts visibility, but also creates a sense of trust and credibility among potential buyers. In addition, influencer and celebrity support helps to create a sense of exclusivity and desirability around the NFTs.
- FACTORS DRIVING THE COMMUNITY GROWTH AND ENGAGEMENT
- Positive and welcoming community environment: The Mad Lads community is known for being welcoming and supportive, creating an atmosphere of positivity and encouragement. This helps members feel comfortable participating and sharing their ideas.
- High levels of activity on social media: The community is very active on social media, with a strong presence on platforms like Twitter and Discord. This helps members connect and interact with each other, and also allows them to stay up to date on the latest developments.
- Regularly held events and contests: The team regularly hosts events and contests, such as giveaways, trivia challenges, and art competitions. These events are not only fun and engaging, but also offer rewards and incentives for participation.
- Ongoing promotions and marketing efforts: The team has done an excellent job of promoting the project through a variety of channels, including social media, online ads, and partnerships with influencers. This helps to reach a wider audience and attract new members to the community.
- Incentives and rewards for engagement: The team offers incentives and rewards for community members who are active and engaged.
- FUTURE OUTLOOK
The future outlook for the Mad Lads community is very positive. The team has big plans for the future, including the launch of new products and features, continued community growth, and increased engagement.
- Launching new products: The team is always looking to innovate and develop new products that will benefit the community. These could include games, marketplaces, and more.
- Building partnerships: New partnerships is being forged with influencers, brands, and other projects. These partnerships help to grow the community and increase its reach. They also open up new opportunities for members to earn rewards and incentives.
- Increasing engagement: The team is always looking for new ways to increase engagement within the community. This could include new events, contests, and other activities that keep members excited and involved.
- Expanding the team: As the community grows, the team will need to expand to meet the needs of its members. This could include hiring new staff, expanding into new offices, and more.
With all these possibilities on the horizon, the future of Mad Lads looks bright!
▪️Conclusions and personal thoughts
Overall, I think the Mad Lads community is well-positioned for success in the future. The team has a clear vision and is taking the right steps to achieve it. They are committed to building a community that is fun, engaging, and rewarding for its members. And they are always innovating and finding
References
- https://nftnow.com
- Flipside dashboard by Alitaslimi
- https://www.google.com/amp/s/decrypt.co
- https://cryptobullsclub.com
- https://phantom.app
