On the evening of March 27th, Beijing time, the NFT project "Fresh Fools" quietly made it onto the OpenSea trend list.

As of March 28, the floor price of Fresh Fools on OpenSea was 0.11 ETH, and the total historical transaction volume was 487 ETH, of which 140 ETH was traded in one day yesterday, with a turnover of 1,206 times.

The literal translation of Fresh Fools is "new fool", and the Chinese community is used to calling it "blue fool" or "two fools". The project’s public mint was launched in the middle of this month, and the price of mint was 0.04 ETH. The original planned supply limit was 10,000. However, due to a series of unexpected accidents shortly after the opening of mint, the project decided to reduce the supply limit to 5555 Only (there are still some small episodes here, which will be described in detail below).

One word to describe this launch story of Fresh Fools is "constant". Fresh Fools was originally planned for public mint on March 16, but a series of technical failures caused the mint date to be postponed several times. After it was finally launched on March 18, it failed again halfway (remember it was about 2000) , in order to prevent the spread of panic, the project side chose to temporarily close the discord channel, but this fairy operation has caused more negative effects... This also makes the overall mint number of Fresh Fools relatively low after mint restarts and discord reopens. There has been no significant growth for a long time.

In order to appease the community, Fresh Fools first published a self-deprecating article "How to ruin a good NFT project into a FUD-fest. A quick guide" (How to ruin a good NFT project into a FUD-fest. A quick guide), and then announced that the supply cap It was reduced to 5555 pieces, but at this time the fault reappeared, perhaps because the relevant actions were not implemented in time, and finally everyone gave a wave of mint 5757 pieces... (maybe considering that this number is quite neat) this time the project party It didn't bother me any more, and I didn't give any explanation. I directly announced on Twitter that 5757 fools had been sold out.

Although mint was completed "smoothly", the continuous failures caused a certain amount of frustration to the community sentiment. During the few days of public mint, Fresh Fools was almost always in a state of failure. The lowest floor price I saw probably reached Over 0.02 ETH.

At this time, there are two completely different views in the Fresh Fools community. Some community members are quite dissatisfied, not only lost money, but also always feel like being scolded; Fang is trying to show what fools are. Although the start was not very successful, the project party did not run away after all. This kind of "always doing things, always having accidents" feature has meme potential.

Judging from the subsequent development of Fresh Fools, the second view has gradually gained the upper hand (of course, it is also related to the rebound in floor prices). In the past two weeks, the Fresh Fools project team has been outputting various meme pictures that seem to be "slightly insufficient in IQ". Lehu, the boss of the P picture made a variety of derivative emoticons, the jokers were crazy about memes, and more community members regarded themselves as "two fools" and kept "abba aba".

As for why this round of Fresh Fools can successfully rebound from the bottom, in my personal opinion, it should be the result of a combination of multiple reasons.

First of all, from the perspective of the project itself, although the painting style of Fresh Fools is a bit "fresh and strange", the overall quality is not bad (personal perception), and the quality of the second creation works of the project party is generally high.

The second is community consensus. Fresh Fools has already gathered a small group of core community members who are optimistic enough. The influence of these community members has attracted more people's attention and started with Fresh Fools. I personally think that this is the project The most important reason for the short-term momentum.

Finally, there is timing and opportunity. It is not ruled out that the project party deliberately designed it. The release and promotion of Fresh Fools coincides with the eve of April Fools’ Day. Everyone’s playfulness is in full swing. It is also very interesting to transform into fools at this time.

Of course, Fresh Fools is still a very early project, and the volume of the secondary market is still small for the time being. No one can give an answer to how it will develop in the future. NFT is a very high-risk industry. There is great uncertainty in whether hot spots can be transformed into normal narratives. Please think twice before making investment decisions.