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- 1 The Potatoz, an assemblage of 9,999 utility enabled PFPs (Profile Pictures), is making a big splash in NFT and Web3 communities.
- 2 Each Potatoz is an entry ticket into the Memeland ecosystem.
A long time ago in the metaverse, there was a land called Memeland. It was deserted and unsuitable for life. Until recently, early lifeforms started to appear and it turned out to be a bunch of Potatoz, used to buy and sell items on Memeland. It means it acts like a primary currency of the game.
This is a virtual ecosystem where users can create their avatars, utilize the NFTs, and engage within a digitized holistic community. The Memeland initiative is led by 9GAG, a social media firm founded in 2008 in Hong Kong.
Ownership and Authenticity of Potatoz NFT
The Potatoz collection is the creation of Memeland which has been in business for over 20 years. They are dedicated to improving the Potatoz line to provide a good experience.
Memeland is different from other social media platforms because it uses blockchain technology to create unique digital assets called memes. It can be traded, bought and sold like any other digital asset. They are completely secure because they are built on blockchains.
Potatoz is one such meme, made by combining two images of a potato and a famous person which leads to a unique and funny result. The main collection of Memeland NFT is called Captains.
Each captain has access to events, 9GAG drops, $MEME and club membership. They have vast utility as they are interoperable, more secure and cost effective. $MEME is an ERC token, launched in October 2020. It has a total supply of 1 Billion MEME.
Utility of Potatoz NFT
The utility of Potatoz NFT is to allow people to easily and quickly exchange Potatoz, or exchange with anything that has some sort of value in terms of Potatoz. The exchange can be done on Potatoz Exchange or NFT Exchange.
This NFT could be used as a loyalty program for a company or brand. Similarly, it can reward people for taking action on a website or participating in a contest. The utility of Potatoz NFT would likely be determined by the community.
Recent Market Analytics of Potatoz NFT
The total volume of this NFT is 41,948 ETH. It has a floor price of 1.598 ETH. The owner distribution chart shows it has 1,605 owners for1 item, 1,009 owners for 2-3 items, 287 owners for 4-10 items, and 41 owners for 11-25 items.
The community of this collection is very active with 438,423 Twitter followers and 262,585 Discord total users. The chart shows there were 5,107 holders on July 24, 2022 and 20 whales, while on July 4, 2023 the number of holders were 3,030 and whales accounted for 21. There are 2,155 blue chip holders.
The Potatoz #3046 was sold at lowest price of 1.589 ETH and the highest price sold was at 88 ETH for Potatoz #572. The recently listed NFTs include Potatoz #2110 at 2 ETH, Potatoz #4085 at 2.1069 ETH, and Potatoz #3046 at 1.589 ETH.
Summary
The Potatoz NFTs can be purchased in the Potatoz NFTs marketplace and can be used in buying in-game items. It is used in buying the skin or for renting a land. And also for giving tips to other players in the game.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
