The newly minted NFT DUDES project has amassed over 200 ETH in trading volume in less than 24 hours since launch. The project features 10K PFP DUDES characters in different moods and according to the creator of the project, the goal is to create a private community for these characters where members can “talk about NFTs, memes, and of course these DUDES.”
The creator’s fascination with NFTs inspired him to create “new meme characters” who could rival Mfers or Pepe. Now, it turns out months of putting in “blood, sweat and beers” designing each DUDE with unique features is paying off.
DUDES just reached 200 ETH in less than 24 hours… thanks to all my DUDES. pic.twitter.com/HtxyeNvren
– dude (@theNFTdude) April 4, 2023
OpenSea on-chain data indicates that the project has seen over 241 ETH in trading volume. This translates to approximately $456,743 at press time. The minimum price for each DUDES NFT is currently 0.005 ETH or $10, and there are approximately 2,216 different owners.
Community support is key to the success of DUDES
DUDES was announced on March 26 and minting began on April 3. As it turns out, its initial success lies in its supportive community that is hell-bent on spreading good vibes within the NFT community. Although, the fact that its anonymous creator appears to be a cool guy who doesn’t plan on leaving the NFT realm has inspired confidence in the project.
As mentioned above, DUDES is based on the spirit of popular meme characters like Pepe the frog, which have caught the attention of the internet in recent years. Rare Pepes have been around as NFTs since 2016 and are some of the oldest non-fungible tokens in circulation. A rare bent Pepe “Pepenopoulos” which pays tribute to Bitcoin evangelist Andreas M. Antonopoulos, sold for $3.6 million at a Sotheby’s auction last October.
It remains to be seen if DUDES will get this kind of recognition. However, based on what is being witnessed now, these NFT memes could end up establishing themselves as part of crypto folklore.
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*All investment/financial opinions expressed by NFT Plazas come from the personal research and experience of our site moderators and are intended for educational purposes only. People are required to fully research any product before making any type of investment.
Basil is an avid fan of blockchain technology and all its innovations, and he is passionate about sharing this narrative with his audience. He has spent over five years in the crypto space, specializing in research and creating Web3 content for various media outlets around the world.
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