What are mfers?
Mfers regains freedom after the founder leaves
- mfers was inspired by a highly infectious “are you winning son?” song/meme
- Mfers’ culture is related to “pessimism”, which is the product of the excessive implementation of positive energy culture
- The full name of mfers is motherfuckers. Its NFT collection consists of 10,021 little line images, 10,000 commons, and 21 rares
- The price of mfers NFT has experienced ups and downs since its launch
- Sartoshi, the founder of mfers, expected freedom for mfers, so he did not build social media and communities
- The departure of sartoshi is bad for mfers in the short term and good for mfers in the long term
My first impression of mfers comes from a very magical Video — “Are you winning son？”. In this video, a little man sits in front of his computer with a cigarette in his mouth.
The father in a jazz hat pushes the door and asks his son, “Are you winning son？” The son will answer all questions according to his current situation, but his answers were basically very “pessimistic.”
I am ashamed to say that after watching the video, I also had many feelings.
Whether from the perspective of family relations or personal situations, the “pessimism” in the video is very emotional. This “pessimism” is also the cornerstone of building mfers NFT.
In what are mfers by sartoshi, the founder of mfers, sartoshi mentioned that 「perhaps my fav meme i had seen was the “are you winning son?” template with the stick figure dad talking to his stick figure son who is sitting at the computer slouched with headphones on. that inspired many memes i made or drew regarding nft life. “Are you winning son?” … “I’m illiquid af dad” — stuff like that. i think my favorite is one i drew on a day where the markets were tanking, the kid is looking at a chart diving down on his computer, and he covers it with his hands and says something like “fuck dad can you knock?”」
It seems that the world’s expectation for everyone is to become a better person and constantly “winning.”
Do not allow people to be depressed, do not allow people to give up. The criticism of the losers is often the main theme of the real world.
The pessimistic culture was born. The prevalence of the Internet has also given children who are unwilling to struggle with another living space.
Just as sartoshi mentioned,「what if we all have that motherfucker inside of us? we’re all degens in our own way, sitting at a computer and navigating a new world..artists, collectors, investors, gamers, teachers, whatever. 」We can degenerate in the way we choose. We can become a person who smokes, sits in front of the computer, and becomes what we want to be. Maybe in the eyes of others, we are losers, but so what?
Outside opinion has nothing to do with mfers. We don’t give a fuck! Goodbye, world.
What Are mfers?
The full name of mfers is motherfuckers, and its NFT collection is composed of 10,021 little man images. Most of the images are the smoking men described above. Compared with other well-made NFT collections, mfers NFT’s art style is very simple, and a complete NFT is made with only a few simple lines.
Among them, the whole NFT collection of mfers also contains 21 rares, which is very different from the normal mfers NFT. These NFT art designs often contain a tribute to Web3. These rare NFTs will be randomly generated with the minting process.
The traits of each mfers NFT basically focus on headphones and head decoration (hair style, beard, and clothing). The watch is also an important feature, but it is not conspicuous. The pointer of the watch points to 4:20. For this reason, mfers NFT minting time is 4:20 PM. In addition, the minting price of the NFT is 0.069 ETH.
Since its launch, the price of mfers NFT has experienced ups and downs. At the beginning of the launch, no one paid attention to it, and it suddenly exploded overnight, and then its popularity decreased. Finally, affected by the macro-economy, crypto market, and the departure of the sartoshi, the floor price finally fell back to around 1 ETH.
However, at around 1 ETH, high price buying is still strong and mfers NFT prices quickly recovered to around 2 ETH. This also shows how much investors like mfers. Even if the overall environment is bad, many people will still choose to buy mfers.
The NFTGo data in the figure below perfectly shows us the price changes of mfers and people’s Fomo for the NFT. In late February, the floor price of mfers rose all the way to the record high of 4.5 ETH, and then fell back rapidly.
One Night To Be Star
It is undeniable that the popularity of mfers is inseparable from the overall NFT market.
According to NFTGo data, January and February this year are in the bull market stage of NFT. The fundamental reasons for the rapid rise of mfers’ floor price are as follows: good gimmicks have given Web3 investors a strong sense of identity, and the promotion of social media KOL and industry practitioners.
However, such hype is often short-lived and unsustainable.
We all know that if a person buys BAYC, he probably spotted the brand effect by Yuga labs. If a person buys CryptoPunks, he may be interested in the contributions Punks made at the beginning of NFT. So what is the reason why investors spend money on mfers?
Before an NFT project succeeds, we usually analyze its market environment, art design, social media operation, etc., and determine whether it will succeed. However, after an NFT project is successful, we will pay more attention to the emotional and narrative values it brings us, as well as the community consensus and cultural identity shaped by these values.
Many people believe that Azuki’s success is not just due to its high-quality art design and high image recognition. Azuki is also one of the first NFT projects focusing on Japanese animation, which has a far-reaching impact on the entire East Asian cultural circle and even the world.
The influence of East Asian culture drove Azuki to rise continuously, and finally became one of the blue-chip NFTs alongside MAYC、Doodles、CloneX.
Even after the founder disclosed that he had “given up” three NFT projects, Azuki still maintained the floor price of the project — the power of buying high after selling low is still strong (this indicator can also be used as a reference for whether there are strong supporters of NFT projects).
In a sense, the cultural value created by these blue-chip NFTs is enough to support them to maintain the price in a high range (ETH-denominated) within a certain time period, and the influence of the founding team on them is weakening.
mfers represents the pessimistic culture popular among Millennials. Pessimistic culture is actually a derivative of the excessive positive energy movement in the world. The transformation of production tools has brought us rapid economic growth. Economic growth has covered up the problems in society, just like the lever covered by the bull market foam. After the black swan incident, these problems will be magnified infinitely.
COVID-19 is the black swan incident.
In order to solve the negative impact of the Black Swan, the United States began to print money, which is the origin of the big bull market in the crypto market. However, the stagnant and high inflation economic environment can not solve social contradictions.
Looking back at history, as long as some influential black swan events occur in the world, such as the Second World War and the Korean War, the United States and other western mainstream societies will have the sequelae of the concentrated outbreak of pessimistic culture.
Therefore, after the outbreak of the COVID-19, the pessimistic culture, which has always existed, also began to make waves again. If we change “pessimistic” into a more neutral word in the context of a peaceful pandemic, it is “lying flat.”
For crypto investors and Web3 players, most of them belong to the millennial generation, that is, the younger group, which is also the main group of pessimistic culture. We can think that most of the buyers of mfers NFT are aimed at self-mockery of their long-term work/games in front of the computer and their boring life. It is also likely to be a demonstration of their attitude towards life.
mfers brings a great cultural identity to the holders. This is also the main driving force to maintain mfers NFT price in a stable range — once its price falls to a certain range, strong buying will quickly push the price back up.
Where Will mfers Go When sartoshi Leaves?
The recent fall in mfers NFT prices is related to the departure of the founders.
On June 9, sartoshi posted mfers next era & end of sartoshi on Twitter, announcing that he would transfer mfers’ smart contracts to the community through unofficial multi-signature Wallet addresses (0x21130e908bba2d41b63fbca7caa131285b8724f8). Since then, the community will receive 50% of mfers’ future royalty income, and he still retains 50% as his personal income.
gm，mfers, mfers next era & end of sartoshi
More jokingly, sartoshi also launched his last art NFT work, which is called “end of sartoshi”. NFT minting will have a window period of 12 hours, with no limit on the total amount. In the 12 hours, mfers fans have minted a total of 169.96 million “end of Satoshi” NFTs.
Now the end of sartoshi has fallen below the issue price, and the floor price is 0.024 ETH.
The sales brought in 1172.7 ETH ($1.3 million) revenue for sartoshi. During the 12 hour minting period, sartoshi himself signed off his Twitter account and disappeared forever. In the end, sartoshi said, “this is the end of sartoshi, mfers just getting started, GN mfers.”
Therefore, in the eyes of many people, this is actually the last time the founder made money before running away. This behavior is a major blow to mfers NFT prices in the short term. This is also the main driver of the recent decline in mfers NFT prices mentioned above.
However, we also mentioned later that the strong high buying has “bought” the mfers NFT price back.
WHY？
According to our experience in NFT project development, the departure of the founder is almost a fatal blow to the project development. Those founding teams who return the project to the community left with money, leaving only a mess for the community and investors.
However, mfers’ situation is different from that of most NFT projects. Since the birth of the project, sartoshi has not had a clear development direction, set up a backbone, or set up a Discord community. Sartoshi mentioned in what are mfers, 「the world of mfers i envisioned would epitomize the simple idea that “we all mfers.” there is no king, ruler, or defined roadmap — and mfers can build whatever they can think of with these mfers. i didn’t know what that would ultimately look like — and that was the point…nobody does. there’s also no official discord. 」…「the world of mfers i envisioned would epitomize the simple idea that “we all mfers.” there is no king, ruler, or defined roadmap — and mfers can build whatever they can think of with these mfers. i didn’t know what that would ultimately look like — and that was the point…nobody does. there’s also no official discord. 」
In sartoshi’s vision, every mfer is free and can use its own mfer NFT at will, whether it is making a 3D version of mfer, mfer face or a larger mfer universe, or mfer fashion merch. Even a book about Web3.0 in China uses mfers as the cover. This also shows the influence of mfers on the whole Web3 world.
Therefore, the tone of mfers is different from that of traditional NFT projects. It is more in line with the spirit of decentralization and rebellion represented by Web3.0. The departure of the founder may be a short-term bad thing, but it will certainly become a key node for the long-term good of mfers. With the removal of the Founder’s shackles, mfers are free in a real sense, and mfer holders are also achieving real decentralization.
The future will be the stars and sea of mfers and Web3.
Finally, I would like to quote a sentence of sartoshi as a conclusion: Keep in mind that mfer arms aren’t just reaching out to computers — it’s piano keys, paint brushes, beer cans, car steering wheels, spaceships, poker tables, and everything else mfers do.
