NFT project 6529: Launched by Web3 influencer Punk6529, a meme-generating machine in crypto
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NFT project 6529: Launched by Web3 influencer Punk6529, a meme-generating machine in crypto
Meme is not merely an image overlaid with humorous text.
Navigating Web3 tides with focused insightsWritten by: Amey Pray
Translated by: TechFlow
Memes are more than just images overlaid with humorous text. Memes have the power to shape narratives, shift mindsets, and drive action. In the age of crypto, memes serve as our universal language—binding us together.
The 6529 Memes is a multi-season NFT project. At the start of each season, artists create visual interpretations based on prompts provided by the project, such as "Free Trade" or "Open Metaverse." Each season consists of eight meme prompts, with two to eleven meme cards per prompt. Meme cards are limited-edition NFTs featuring these visual expressions.
The project is spearheaded by renowned Web3 influencer Punk6529. Initially emerging on crypto Twitter in July 2021 as an NFT collector, Punk6529 has since evolved through their tweets into a mission-driven builder. The Memes NFT series aims to promote 6529’s principles for an open metaverse, including decentralization, community, and self-sovereignty.
While many NFTs in the series are created by 6529 and members of the 6529er community, the project also invites collaborations from artists and has grown to include works by prominent figures like XCOPY. All released artworks are stored on Arweave and placed in the public domain. Essentially, 6529 and their team develop the meme prompts, review submissions from interested artists, and curate the final selection of published art—similar in approach to other popular NFT projects such as Art Blocks.
The NFT series has experienced a massive bull run over the past three months. The total market cap of all NFTs has surged from 2.7K ETH in November 2022 to nearly 50K today—an increase of over 17x. It reached an all-time high of 71.8K ETH on January 23, 2023. Meanwhile, the number of unique wallets holding the NFTs has grown 76%, rising from 3.5K to 6.2K during the same period.
A full set collector refers to someone who owns every version of the NFT released to date. Currently, there are 95 such wallets. Shortly after the project launched, there were as many as 618 full set collectors, but this number has trended downward as more NFTs are released and the cost of completing a full set increases. On January 19, 2023, a complete set could be exchanged for one CryptoPunk NFT. Today, a full collection costs 101 ETH, comprising 60 NFTs released by the project so far.
The project aims to release high-supply, low-priced NFTs to encourage broad distribution. Currently, 21% of the collection has a supply exceeding 900 NFTs. Additionally, 21% of the collection is held by more than 700 unique wallets. The minting cost remains fixed at 0.06529 ETH per NFT, with 50% of revenue shared with the original artist. The series also charges a 6.9% creator fee.
The project uses a standard minting model where each edition has a fixed supply and price during its mint window. Minting begins with a limited allowlist, typically consisting of holders from previous artist projects or prior Meme Card NFTs, followed by a public sale. However, due to high demand, regular users often struggle to mint directly from the primary market and must instead purchase from the secondary market.
Its average sale price on OpenSea has increased 300%, rising from 0.1609 ETH in November 2022 to 0.6535 ETH today. However, prices vary significantly depending on the artist and supply size. Currently, the cheapest card is FirstGM at 0.3529 ETH (with the highest supply of 2,434), while the most expensive is NakamotoFreedom at 27 ETH (with the lowest supply of 222).
The project is currently releasing Season Two NFTs. Users can follow 6529’s official Twitter account for updates on new seasons.
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