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Discovering Nakamigos everything you need to know about Web3's new NFT sensation

The Web3 community has witnessed the recent success of Nakamigos NFT, a project that has taken the cryptocurrency collector and trader community by storm. Since its public launch on March 23, the collection has generated over 7562 ETH in secondary market trading volume, surpassing even NFT giant Bored Ape Yacht Club in lifetime trading in just four days.

The Nakamigos project has gained its popularity for two main reasons. The first is the proven track record of its founder and the second is the intrigue generated by its origin and associations with other Web3 projects. Currently the collection has become one of the most popular projects on OpenSea, with more than 20,000 pixel-style profile image artworks available for minting as of March 22. Users could purchase one NFT for 0.008 ETH (about $15) during launch. In this article, we will discuss the origins of the project, the rumors and what we know so far about this NFT collection.

What is Nakamigos NFT?

Nakamigos is a 20K PFP collection created by Hifo Labs, a little-known company that has been producing NFT and digital projects for the past five years. The collection is minted on the Ethereum network and available on OpenSea Marketplace. The characters in the collection are 24×24 pixels and their style is reminiscent of CryptoPunks. The name of the collection is derived from the pseudonymous founder of Bitcoin, Satoshi Nakamoto, with Nakamigos standing for "Nakamoto's friends."

The artist behind Nakamigos is referred to as "an OG cryptographic artist" who may decide to reveal his identity at some point in the future. Some have speculated that this artist is none other than Sartoshi, the NFT influencer and crypto artist behind the popular 2021 mfers collection. The rise of Nakamigos is closely related to Sartoshi's history in the space. Prior to creating mfers, Sartoshi had amassed a large following on Web3 Twitter, which helped solidify the project's success when it launched in November 2021.

Sartoshi left mfers in June 2022, claiming that he intended to hand over the project's leadership and funding to the community in a show of commitment to the Web3 ethos of decentralization. This decision was controversial and many labeled his abdication as a scam, while others pointed out that the decision was something that several community members had been calling for for a long time. To mark his departure from the project, Sartoshi coined the collection end of sartoshi – eos pass, which served as a sentimental farewell to his community. Six months later, however, Sartoshi returned, and many at Web3 wondered how he would pick up the pieces of a controversial exit and carry on with his community.

In a Feb. 16 tweet, Sartoshi apparently complied. He informed his followers that Nakamigos was going to be a 20K PFP project and that eos pass holders would be granted a free mint from the collection one day before it was made available to the public on March 23

Sartoshi's mysterious connection to Nakamigos

Speculation about Sartoshi's connection to Nakamigos is not the only mystery surrounding the project. Details about who is behind Hifo Labs are also scarce. Although they claim to have been producing NFT and digital projects for the past five years, the company has a low profile and not much information is available about their team.

Furthermore, the fact that Sartoshi has been linked to the creation of Nakamigos only adds to the mystery. Sartoshi has been very influential in the NFT world and has been the subject of controversy due to his controversial departure from mfers. The connection between Sartoshi and Nakamigos has led many to speculate that the project could be a redemption of sorts for Sartoshi, a chance to repair his image and rebuild his reputation.

So far, however, the exact relationship between Sartoshi and Nakamigos remains a mystery. Although Sartoshi announced the project to his Twitter followers, it is unclear whether he is a member of the Hifo Labs team or simply a collaborator. Some have even speculated that Sartoshi could be the artist behind the Nakamigos collection, although this has yet to be confirmed.

The future of Nakamigos

Despite the mysteries surrounding Nakamigos, the collection remains incredibly popular in the NFT world. With over $13 million in secondary market trading volume, it is one of the most successful collections of 2023.

The fact that Nakamigos holders have trading rights to their NFTs is another factor that has contributed to its success. Holders can monetize their NFTs as they see fit, which has led many to invest in the collection as a way to diversify their portfolios and make money in the future.

As for the future of Nakamigos, only time will tell how the collection will develop. With HiFo Labs keeping a low profile and Sartoshi's relationship with the project still in question, it is difficult to predict what will happen next. What is clear, however, is that Nakamigos is an exciting and unique collection that has captured the imagination of the Web3 community.

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