This article comes fromNFTEvening, Original Author: Ola

Odaily Translator |

Odaily Translator |

In this regard, the NFT community has different opinions. Some people think that this is just an act of Sartoshi’s retirement, while others think that this is not simple. It may be a carefully designed “Rug Pull” that he wants to hide. After all, at the time of writing, the NFT series has earned 1013.4 ETH in the primary market, or about $1.823 million.

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Who is the sartoshi?

sartoshi (@sartoshi_nft) is an anonymous NFT collector and meme artist. His alias is very similar to Satoshi Nakamoto.

But in any case, these stick figure avatars are now very popular on OpenSea, the floor price has reached 1.65 ETH, and the transaction volume in the secondary trading market has also reached an astonishing 38,700 ETH (close to 69 million US dollars).

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"end of sartoshi": sartoshi's retreat

On the morning of June 10th, Beijing time, sartoshi posted tweets and articles announcing that he would withdraw from the NFT field. However, this article did not really explain why they decided to withdraw. Instead, some Twitter users had already noticed some clues before. Some even published tweets predicting that sartoshi would imitate Satoshi Nakamoto. The field disappears.

In the published blog post, Sartoshi stated that he will transfer the ownership of the mfers smart contract to the holder community, and also disclosed other plans for the project.

Specifically, sartoshi will transfer ownership of smart contracts to the unofficial mfers multi-signature wallet. It needs to be explained here that after mfer completed the airdrop at the end of 2021, a group of mfer holders created an unofficial mfer Discord community and a multi-signature tool Gnosis Safe that can operate as an unofficial project treasury. Now, sartoshi has decided to quit and hand over the ownership to the community, which is actually handing over the control of the project to those mfer holders "old gunners".

Not only that, Sartoshi also made changes to mfer's royalty distribution scheme. Prior to this, a 5% royalty was charged for each mfers NFT traded on the secondary market, however the new royalty distribution scheme is as follows:

1. 50% multi-signature for unofficial mfers;

2. 25% to sartoshi's creator royalty wallet;

4. 10% to other mfers developers/consultants.

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How has the NFT community reacted to the "end of sartoshi"?

For most NFT community members who are keen on mfer, Sartoshi's announcement of his withdrawal from the circle but the backhand launch of a new project can be described as a "genius move". On the one hand, sartoshi imitated the practice of the founder of Bitcoin "Satoshi Nakamoto" and retired after becoming famous; peel off.

However, not everyone's reaction was so "positive". On the contrary, many members of the encryption community on Twitter believe that this may be a trick of sartoshi, and the launch of the new project basically means that the "mfer slow Rug Pull operation" has been completed. Although the mfer project has popularized the position of meme NFT, in fact, until now, we have rarely seen detailed project roadmaps and practical applications, so some people have criticized what sartoshi has done, such as the big V community user @Hustler:

"Mfer founder Sartoshi is a Rugger himself, and may be a 'recidivist'. He manipulated all Mfer derivatives and crafted a withdrawal tweet. Sartoshi actually claimed to leave the project to the community to keep it alive, but he himself Instead, they reinvented themselves for another project.”