Project Origin &
BackgroundMad Lads is the first xNFT project launched by the Coral company to showcase the functionality of its Backpack wallet. The project's art style blends anime and retro elements, depicting human and humanoid characters with unique characteristics. Each NFT contains executable code that allows a specific application to be run in the Backpack wallet.
issuance method and total amount
total issuance: 10,000 NFTs.
Minting: Minting through a Backpack wallet employs strategies to prevent bot involvement, including setting up honeypot websites to induce and block malicious actors. The initial mint price is 6.9 SOL.
Current holders: There are about 6,442 unique addresses that hold Mad Lads NFTs.
is deployed
on the Solana blockchain by Mad Lads, which supports the minting, trading, and interaction of xNFTs by taking advantage of its high performance and low transaction costs.
Celebrity Support & Community InfluenceThe
Mad Lads project has an active community on social media and has attracted the attention of many NFT enthusiasts. While there is no public information about the direct involvement or support of the project by prominent personalities, its innovative technology and community-driven culture have allowed it to quickly rise to prominence in the Solana NFT ecosystem.
Company Ecosystem & Business Model
- Company
Background: Coral is a company focused on the development of the Solana ecosystem The Backpack wallet and Anchor framework are designed to drive the development of Web3 applications.
Ecosystem Composition:
Backpack Wallet: A versatile wallet that supports xNFTs and allows users to run applications directly in the wallet. Medium+4Start with NFTs+4CoinGecko+4
xNFT Technology: Achieve higher interactivity and functional expansion by embedding executable code in NFTs.
Business model: The project monetizes through NFT sales, transaction fees, and future in-app purchases.
Intellectual Property and DisputesThere
is currently no public information that indicates that the Mad Lads project is involved in an intellectual property dispute. However, as a project that embraces new technologies, it may be necessary to be concerned about potential conflicts with other platforms or projects.
challenges and risks
technical challenges: xNFT technology is still in its early stages and may face security and compatibility issues.
Market Competition: The NFT market is highly competitive, and Mad Lads needs to keep innovating to stay ahead of the curve.
Regulatory risks: As countries tighten regulations on cryptoassets, projects may face compliance challenges.
SummaryMad Lads is an NFT project that combines innovative technology and community-driven culture to provide users with a unique interactive experience through xNFT technology and a Backpack wallet. Despite the technical and market challenges, its success in the Solana ecosystem has demonstrated its potential and impact. Medium
: To learn more about the latest developments in the Mad Lads project or how to get involved, we recommend visiting their official website or checking out the NFT collection on platforms such as Magic Eden.
