MegaETH Introduces a Unique NFT Collection Amid Airdrop Fatigue

MegaETH, a layer 2 Ethereum project, stands out by launching The Fluffle, a collection of soulbound NFTs that represents 5% of the network. The NFTs cannot be transferred and will be sold in two phases, aimed at whitelisted addresses. Priced at 1 Ether each, the sales could generate $28 million. MegaETH's decision to offer soulbound NFTs seeks to avoid KYC requirements and maintain AML procedures. The project, backed by Ethereum co-founders, promises 100,000 transactions per second and plans to launch its public testnet soon. In a declining NFT market, airdrops are losing appeal due to sybil activities and insider trading accusations. Despite this, airdrops like the HYPE token distribution from Hyperliquid have been profitable. MegaETH's innovative approach to NFTs reflects a shift in the crypto landscape amid evolving market dynamics. $ETH