Thread by @2oast

🧵 (1/20) Why @los_muertosNFT is incredibly bullish.

There are pivotal mints that change lives. Punks, BAYC, CyberKongz, Doodles, Azuki, Fluf, NFT Worlds.

I believe LM (Los Muertos) has the same x-factor and could be life changing for many.

Why? Glad you asked. Read on.

Art

The art is ridiculously good. It's what caught my eye first. The unique traits, attention to detail, color palettes, 1/1's. It's iconic. #vivalosmuertos is embodied in the unique pieces offered.

The 1/1's are even more sick and already selling in between 5 - 7.5 $ETH price range.

The mint was 0.06 $ETH for public mint and sold out in 30 seconds. This paper by @a16z shows that low price mints outperform high price mints significantly.

BAYC was a low price mint 🧐

a16z.com/2022/03/31/nft…

Initial distribution was in the mid 3k range for a 10k collection suggesting good overall distribution.

Here's where it gets interesting. Ownership increased by 1k holders over the next several hours.

Currently at 5.1K organically suggesting supply squeeze.

The team execution has been flawless. The reveal was the smoothest I've seen with metadata uploaded and available precisely at reveal time.

There was even a flute player 💃

The team also refrained from any trading prior to reveal to ensure no unfair advantage to them.

The culture has a positive + inclusive vibe. The team gets Web 3. They're the real deal.

The discord is professionally run with automatic updates on key information and moderation of outside link posts or unusual actors.

It welcomes new NFT owners to explore and learn

The team is diverse and inclusive with a female project lead - Kseniia - who is also a European artist.

The rest of the team is multi-cultural with representation of many backgrounds and languages. Here are a few of the team while the rest are on the website and discord.

The team is engaged and responsive. As sales ramped up they responded immediately by *lowering* royalties from 8.9% to 5%.

Invested teams that believe in the longterm roadmap forgo current revenue and retain value to holders while building the vision longterm.

They are ahead of the curve having already built out a full Los Muertos World even before receiving a penny from mint.

Then they swept up 16 @nftworldsNFT with a much anticipated Roadmap V2 coming.

These worlds include 7 in top 50%, 1 top 10%, 1 top 5%.

V2 is scheduled for May but they're running ahead of schedule. Under promise. Over deliver.

Bet on teams that execute.

IP rights? Yup. You've got those as well.

Community support? Here's where a new member lost their NFT's and the team stepped in and gave them 2 Los Muertos NFT's to help out.

The community is energetic, positive, and welcoming. The @quirkiesnft have already stepped up to host community spaces and help new members. Shoutout @quirk_bear

Apes, doodles, and azukis are joining a diverse and motivated group.

Fan art++

There are no whales. Top holders have 47 total. The team wallet has 201 that are for marketing and project.

Any top 10% in community wallet will be auctioned along with the #1 with 100% going to the Ukraine charity Serhiy Prytula Charitable foundation.

Speaking of whales. Our friend @crypto888crypto swept 47 a day or so ago to become the top holder.

Airdrop collection: A 1000 piece collection is in the works for an airdrop to current holders. This builds further value and rewards hodlers.

Not a sale. But an airdrop. It's value accretive.

This is planned for the next 90 days.

With a lot coming down the pipeline including V2 reveal and plans for the 16 NFT Worlds they already own - the setup here is bullish longterm.

The number listed will come down as people realize the vision. A supply squeeze for floor and forever Muertos / traits will ensue.

With over 51% ownership - even owning 2 Los Muertos puts you in upper tier. Most will own 1.

Don't be a "no muerto"

end/

Almost forgot.
Muerto and Whale channels in Discord.
And an Alpha channel 👀