Since its release a week ago, Mad Lads has generated more than $15 million worth of trading volume, making it the most talked-about topic in the world of non-fungible tokens (NFTs), which are currently in high demand. The Solana profile picture (PFP) project has become the most buzzworthy mint for any PFP project in recent months. It has risen to the top of the leaderboard.
Armani Ferrante, co-founder and CEO of Coral, the company that created Mad Lads, is of the opinion that the Solana community has been going through a difficult patch recently as a direct result of the collapse of FTX. Despite this, he believes that this event served as a “soul-forging moment” for the community.
Ferrante is of the opinion that NFTs are absolutely necessary for the operation of the network. Furthermore, the split in the community that was caused by the departure of DeLabs’ DeGods to Ethereum and y00ts to Polygon was a gaping hole that needed to be filled.
Ferrante partly attributed the success of Mad Lads’ to fortunate timing – their project was ready to launch just weeks after similar ones had left Solana. Additionally, he believes that his and co-founder Tristan Yver’s positive reputation and strong ties to the community played a role in the project’s popularity.
“I think a lot of folks looked at us—and I’m just speculating here—as a credible team that can execute and that are good people, fundamentally, that care a lot about the ecosystem,” he said.
The recent surge in popularity of Mad Lads has persuaded Ferrante that the project has not only dominated the Solana NFT space but has also recently topped the sales charts across the broader market, indicating a revival of the Solana community. Ferrante came to this conclusion as a result of the fact that Mad Lads has recently experienced a surge in popularity.
“I think that DeGods and y00ts kind of sucked the life out of the NFT space, but I think it’s totally back now,” Ferrante said. “And it’s not going anywhere. It’s honestly more exciting than ever.”
Compiled by Coinbold
