DappRadar Takes a Deep Dive into The Potatoz NFT Collection

Web3 knowledge reliable fonts, Dapp Radaris back with its insightful latest edition ‘New Dapps report‘. Today his initiative provides a high-level overview of some of the most exciting NFT projects making waves in the NFT world. This time, DappRadar digs deeper. 9GAG Unlock the NFT vehicle ‘The Potatoz’ and the financial indicators hidden inside.

Background

The Potatoz, arriving from the Free Mint on July 20th, gives us our first glimpse of 9GAG memeland The Web3 universe takes the form of pixelated potato saplings that grow in their owner’s purses and eventually come to full bloom. Potato-themed NFT character.

Through this initiative, owners will be able to unlock access to the wider Memeland ecosystem, including staking opportunities, a newly launched reward system, and a host of meme-related fun and games. . As a result of its solid foundation, The Potatoz has recently climbed the ranks within the NFT space.

solid financial metrics

Since launching on July 20th, The Potatoz NFT Collection has seen solid trading performance, reaching a dizzying high of 11.2k ETH ($20 million) in trading volume, of which $2.82 million entered last week. To do. 8^th Most Traded Collection Last 7 days.

At the time of writing, Potatoz’s lowest price is at a healthy 1.24 ETH ($2400), up a whopping 144% since the beginning of active trading. This is despite the initial trading frenzy that has seen a massive 90% drop since day one, in addition to the best sale of his NFT in the rare ‘Galaxy’ tier trading at 16 ETH. All done.

heavyweight support

Memeland, and therefore The Potatoz, have a wealth of great support behind their projects. First, parent company 9GAG boasts 150 million monthly visitors across its website and three major social media platforms: Twitter, Facebook and Instagram.

In addition, memeland We have also acquired a very well-managed advisory board that includes members from some of the hottest NFT projects on the market, including Gary Vee of Veefriends, Kevin Rose of Moonbirds, and Adrien Cheng of New World Development.

Concerns

Despite the impressive performance so far, some concerns remain.In a nutshell, The Potatoz has Whale concentration 8.58% This is considered quite high. One wallet contains 6.72% of his entire collection, potentially subject to market manipulation.

Additionally, Memeland’s Twitter account has seen a consistent drop in followers over the past few weeks, averaging about 317 followers per day. Therefore, it indicates a decline in interest in the project.

Nevertheless, the general consensus about the Potatoz project is that it will continue to make waves for some time. Meanwhile, Memeland is gearing up for its flagship NFT collection, Memeland Captains.

Read the full “New Dapps Report” >> here

Browse Potatoz on OpenSea >> here

want more? Connect with NFT Plaza

Join our weekly newsletter
Join Discord
follow me on twitter
Like us on Facebook
Follow us on Instagram

*All investment/financial opinions expressed by NFT Plaza are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.

Decentralized humans, explorers, adventurers.