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Crashing into the NFT space like a fully laden freight train, a new 20k collection has caused a major commotion in the world of non fungible tokens. In a little over a week, the mysterious Nakamigos have surpassed the Bored Ape Yacht Club in all time trades and recorded a mammoth 52,000 sales.So far, the collection has amassed a trading volume of 8,183 ETH, or about $14.5 million as of press time. The uptake of Nakamigos has left many within the Web3 space wondering: what is it about the project that has the NFT community buzzing? At its core, the collection is made up of 20k, 24×24 pixel characters that bear a vague resemblance to CryptoPunks.There is wild speculation on the project’s origin, which has created intrigue among collectors. The first part of the project’s name pays homage to Satoshi Nakamoto, the pseudonymous founder of Bitcoin. While the second part, amigos, is the Spanish word for friends. therefore, combined, the name becomes ‘friends of Nakamoto,’ or, Nakamigos.Stay safe! Reminder ↓Official Twitter: @Nakamigos (verified)Official site: discord or other social mediaWatch out for fakes!— Nakamigos (@Nakamigos) March 25, 2023Who is Behind Nakamigos?Like Bitcoin, Nakamigos creator remains anonymous. A blog post from the project describes them as “an OG crypto artist.” This has led to speculation on Crypto Twitter about who this might be, with many suspecting Sartoshi, the NFT influencer and artist behind the Mfers collection.Sartoshi left the Mfers project last June when he bequeathed control of all 10,021 stick figures to the Mfers community, while simultaneously issuing an ‘end of Sartoshi’ pass. Only to reappear from his self-imposed exile six months later and announce the coming of Nakamigos, notifying holders of the eos pass of their eligibility to mint pieces of the collection for free. Each holder was allowed to mint a single NFT on March 22 before the collection opened up to the public the next day.Nakamigos has also been linked to Larva Labs, the company behind CryptoPunks. However, the project has refuted these claims. Some speculators point to the aesthetic similarities between the collection and CryptoPunks, plus the fact that its licensing agreement resembles that of the famous collection.While little is known about the project as of now, all this speculation has created the perfect storm for Nakamigos to surpass BAYC in lifetime trades.Want more? Connect with NFT PlazasJoin the Weekly NewsletterJoin our DiscordFollow us on TwitterLike us on FacebookFollow us on Instagram*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind 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 globe.

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All Cryptos Insider © 2023. All rights reserved.