Why you need a Ferdy Fish?

Hey 👋 It’s Salmanca here!

Today I’ll be barking about Ferdy Fish NFTs… which are undoubtedly my favorite NFT collection (and based on how many daily chats I get from Rob; I think it’s safe to assume it’s his too). While Ferdy Fish NFTs carry a seemingly hefty price tag of ~20 AVAX ($1000), they aren’t so pricy when you begin to dive into the collection and its benefits.

Introduction & Overview:

Ferdy Fish is a collection of 300 NFTs that live on the Avalanche (AVAX) blockchain and are integrated with the FerdyFlip casino. 

FerdyFlip (the casino site) offers a variety of games on its decentralized casino platform including popular options such as dice, coin flip, plinko and roulette. Each game is designed to provide a fair and transparent betting experience, leveraging blockchain technology to ensure provably fair outcomes. Currently, players can enjoy these games without the need for KYC (Know Your Customer) procedures, and they benefit from instant settlements.

I was introduced to Ferdy a few years ago by a man named Chuck Bannister who loved to gamble on the platform. He embodied their slogan of “Bet More”. For a long time, I couldn’t afford a Ferdy Fish NFT (priced at 75-120 AVAX 1-2 years ago), but a few months ago when prices dropped I hopped on the train.

*Disclaimer: Yes we own some Ferdy's, no we were not compensated by the team to write this

Speaking of the team, the devs who created Ferdy have also helped to create numerous staple Avalanche projects ranging from Avalytics to Sausagers to Raffllrr to ArenaBook. The developer experience and focus on quality radiate via the site and can be seen by many of the details and easter eggs on the site as well as the level of detail in ‘views’ e.g. the analytics charts below. It’s easy to track the daily volumes, game distribution and even top bettors via the leaderboards. There’s also a chat built into the site so you can laugh at others when they lose or send warm regards; up to your style.

The Ferdy simultaneously remains as one of the most OG AVAX community NFTs. The Ferdy memes are unmatched. You can scroll on the #memes tab of the Ferdy Discord or their meme site for hours and there should be an image for any occasion: your ex leaves you for another man, there’s a meme for it, France taxes unrealized gains, there’s a meme, your mom doesn’t love you, there’s a few memes. This is one of the few projects that survived the ‘bear market’ and continues to have much activity both on their site and their Discord. Lots of passing the tuna in there… iykyk

Aside from being the #1 meme community in AVAX (see examples here), Ferdy Fish NFTs provide a continuous revenue stream for holders. 

The FerdyFlip revenue share model is designed to reward the Ferdy Fish NFT holders by allocating 1% of all bets placed on the platform to NFT holders via a 24/7 claim on the site. This means that if you own a Ferdy Fish NFT, you can claim a portion of this revenue based on the number of NFTs you hold.  The 1% share is derived from bets across all chains and is distributed back to the holders of the collection via AVAX. This model incentivizes holding Ferdy Fish NFTs, as it provides a continuous stream of revenue from the platform’s betting activities. As there are 300 NFTs, if you own 10 Ferdy’s you would have 3.33% of the revenue share (1% of platform volume). 

What Makes Ferdy Fish Special?

1. Unique Digital Collectibles: Each Ferdy Fish is a one-of-a-kind digital fish character. There will only ever be 300 Ferdy Fish NFTs, making them quite rare. One of the smallest collection sizes I’ve seen on a popular NFT collection, and some of the prettiest (ugliest) fish.

2. Passive Income via NFT Revenue Share: Earn 1/300 of 1% of the platforms betting volume per Ferdy NFT you own. Own 30? You now have $1 for every $1000 bet on the site. 

3. Community and Engagement: A community of degens that has weathered bull, bear and many plinko drops that have gone the wrong way. People who love to ‘bet more’.

4. Memes.

How to Get a Ferdy Fish NFT?

To buy a Ferdy Fish NFT, you typically need to use a cryptocurrency like AVAX (the native token of the Avalanche blockchain). You can purchase these NFTs on platforms like Salvor or Joepegs which are the most popular AVAX marketplaces for trading NFTs.

1. Make a Metamask account/wallet and switch your network from ‘Ethereum Mainnet’ to ‘Avalanche Network C-Chain’. 

2. Add or buy AVAX on the wallet (you can buy on Coinbase and send to yourself or purchase on Metamask directly)

3. Navigate to the Salvor website and search for “Ferdy Fish”

4. Select a fish and buy

What’s next for Ferdy?

The Ferdy team has frequently mentioned the $Ferdy token and even included it in their documentation. Although nothing official has been launched or announced yet, it seems to be on the horizon. Be cautious of scams, but keep an eye out for its release. I anticipate that they will tokenize the revenue share proportionally to the NFTs held by each wallet and introduce additional casino incentives similar to Rollbit. With a house rake of 5% and currently sharing 1% of the total volume (equivalent to about a 2% rake), they still have a margin to work with (3% for the team, treasury, developers, etc.). I also expect a small allocation to holders of their larger Ferdy Frens collection. 

Overall, I’m very optimistic about the token. It offers a lower barrier to entry and will likely increase visibility and ownership. Increased visibility should lead to more volume, creating a growth loop.

Aside from that there’s also many mentions of expanding to other chains. More chains, more vis, more bets, more memes.

Nerding out on the math with a forecast

I’m transparently not a genius in forecasting prices and don’t like to make predictions, but I’ll share some numbers and you can draw your own conclusions. Again, Ferdy is (and has been for years) one of the most popular and pricy NFT collection on AVAX. 

Market Caps

 🔺 Avalanche: $21.3B

🐓 $COQ (memecoin on Avax): $187M 

🎨 Salvor’s $ART Token: $9.6M

🐟 Ferdy Fish NFT: $300K Market Cap 

As shown above current prices, the Ferdy market cap is about $300K, calculated by multiplying the price of 20 AVAX by 300 Ferdys. If you launched $FERDY and airdroped holders of NFTs their proportional shared and compared it to the above collections… it’s severely undervalued. It could 30X and still be below the market cap of the Salvor ART token and 500X and still be worth less than $COQ.

Again, DYOR and NFA… but woah!

Finally, because GAMBL3 is a GambleFi education platform, I may have overly focused on the financials when being a Ferdy is simply about betting more and dropping a meme instead of a long write up.

If you’ve made it this far, thanks so much for reading. If you haven’t, you aren’t going to see this.

…dad jokes aside, if you enjoyed please follow us at @GAMBL3FI on Twitter (linked below) and subscribe to our newsletter for more.

Salamanca Beekeeper out. 👋