Mad Lads

What Is the Mad Lads NFT Collection?

Mad Lads is a collection of 10,000 profile picture xNFTs featuring illustrated humans. The first of its kind, xNFTs refer to executable NFTs, which contain embedded executable scripts. This means that, unlike regular NFTs, xNFTs contain code that gives the holder ownership rights over its execution. 

On 20 April 2023, minting for the Mad Lads NFT collection went live and sold out within minutes. At launch, the project had a mint price of 6.9 SOL. Less than a week later, one of these NFT sold for 3625 SOL, amounting to $74,742.08 USD. 

Being the first xNFT in the space, the project was extremely hyped and the team had to delay the mint date due to overwhelming traffic. Being extremely hyped, the Mad Lads NFT project has been credited for the revitalization of Solana NFTs. 

Who Is the Team Behind Mad Lads?

The Mad Lads NFT project was created by Coral, a framework development company on the Solana blockchain. When the Mad Labs NFT collection launched, the only supported wallet for the xNFT was Backpack, which was also owned by Coral. 

Coral was co-founded by Armani Ferrante and Tristan Yver. Ferrante, who is currently the CEO of Coral, has an extensive background in software engineering. The CTO of Coral, Yver is a blockchain developer who also took on the role of lead developer for the Mad Lads NFT collection. 

What Is the Utility of the Mad Lads Collection?

As mentioned, as the Mad Lads collection are executable NFTs, this unlocks a whole range of features of holders as xNFTs are able to interact with other Web3 applications. This can include a wide range of utilities, such as integration into Web3 games or decentralized applications.