Mad Lads Founder Says NFTs May Be Dead but Project Continues

Mad Lads has completed a blockchain snapshot, fueling speculation over a potential token launch, while reaffirming that NFT holders will not receive Backpack airdrops now or in the future.

Summary

Mad Lads announced the completion of a blockchain snapshot, sparking community discussion about a potential token launch. The team reiterated that NFT holders will not be eligible for Backpack airdrops at any time. This follows founder Armani Ferrante’s earlier statement that NFTs may be dead but the project’s development will continue.

Terms & Concepts
  • NFT: Non-fungible token, a unique digital asset verified on a blockchain.
  • Airdrop: Distribution of cryptocurrency or tokens to multiple wallet addresses for free or as part of a promotion.
  • Snapshot: A record of blockchain data at a specific time, often used to determine eligibility for events like token airdrops.