Rarity is the name of the game when it comes to NFTs – the harder it is to get something, the more that people want it. And as any investor will tell you – demand drives value. This relationship cannot be any more evident in the Mad Lads NFT (non-fungible token) collection. We tell you all about it and why getting one of the artworks could benefit you.
All About the Mad Lads NFT
Digital artworks have always appealed to collectors. After all, they not only convey unique messages, but they are also easier to store and trade. But few collections come close to the Mad Lads NFT collection, which boasts 10,000 unique artworks with the following aspects:
- Ownership: To date, this collection averages 10,000 NFTs held by over 4,000 collectors. The minting takes place through the Solana Blockchain, which is known for its low transaction costs coupled with high speeds.
- Uniqueness: The NFTs are not similar, which allows collectors to vary their collections based on rarity and value.
- Market value: Of the NFTs in the market, this collection garners a lot of interest, which translates to a high number of trades.
What Makes the Art Attractive
People don’t just buy collections. Instead, they must uncover something about them that stands out. The Mad Lads collection features art about humans with different traits and variations in the following attributes:
Backgrounds
With 12 options to choose from, collectors can gravitate colors from purple to white.
Back coverings
Some carry bags on their backs while others strap swords to their backs.
Hand coverings
Humans can wear up to six types of gloves with varying colors.
Clothes
The characters have over 70 dressing options, including tank tops and t-shirts.
Emotions
Some characters are happy, others are angry, while others are calm – 16 options are available.
Eyes
Are you into blue eyes? How about enraged eyes? There are 14 options for the characters.
Gender
The digital world leaves this option open – the character can identify as male, female, or undefined.
The Role of Attributes
The physical traits of characters don’t just affect their appearance. Instead, they also affect their value due to the following factors:
- Uniqueness: The rarer a trait, the more valuable it is. For example, special accessories make an NFT more sought-after, thereby affecting its market pricing.
- Tier: Characters are a combination of their traits – those with rare combinations rank higher in the tiers, making them more valuable.
Assessing the Market
Many NFT collectors want to invest in a collection that will give them a good return on their investment. Is this the case with Mad Lads? Of course! This collection boasts the following specs:
- A high daily sales volume: The market averages $650,000. Compare this to any other collection, and it’s easy to see that it has the upper hand.
- A high floor price: In the current market, this price stands at $7,500 on average.
- A high market cap: You can tell the value of a collection by looking at its total market cap. And with $76,000,000 on the records, the profitability is obvious.
The trading activity, which averages 1,900 SOL every 24 hours, is also impressive, making this one of the best NFT investments in the market at this time.
Conclusion
The Mad Lads NFT collection wins in rarity and versatility, factors that have made it stand out in the market, earning it a huge audience and a considerably high market price.