Recently, Monad successfully distributed the “1 Million Nads” NFT to users who interacted with one of the project’s earlier posts on Twitter. This distribution has captured considerable interest from the community, particularly amidst growing speculation regarding Monad’s forthcoming airdrop plans.
NFT Distribution Summary
A total of 627,641 “1 Million Nads” NFTs were created and allocated to community wallets. This distribution could represent the first phase in establishing criteria for future airdrops.
How to Verify NFT Receipt
To check whether you have received the NFT, you can utilize the Monad Explorer. Simply enter your wallet address in the search field and navigate to the “NFT” tab. If the NFT is listed, it confirms your receipt. Alternatively, you can verify via Magic Eden; if the NFT appears in the “My Items” section, it indicates successful receipt.
The NFT’s Importance for Future Airdrops
There are rumors suggesting that possessing the “1 Million Nads” NFT could play a crucial role in qualifying for Monad’s future airdrops. This approach might be a strategy to distinguish genuine community members from bots and to reward authentic engagement.
Previous Similar Initiatives
Aptos has previously executed a comparable initiative where users who minted and retained a commemorative NFT were later rewarded with approximately 500 APT tokens, valued at over $1,500 at the time of distribution.
Ongoing Monad Testnet Activities
Participants can continue to engage with Monad’s ecosystem by exploring various projects on the testnet. While there are speculations that participation in the testnet may not guarantee an airdrop, many in the community still believe that an airdrop remains a strong possibility.
Rationale Behind a Testnet Airdrop
As a new Layer 1 blockchain, Monad aims to cultivate a reputation for fairness and transparency. Users on the testnet represent early supporters—an essential demographic for community development. Distributing tokens to these participants also increases the total number of initial holders, which is a significant metric for any Layer 1 project.
Additional Airdrop Eligibility Factors
Beyond testnet involvement and holding the “1 Million Nads” NFT, other actions and assets might also affect a user’s eligibility for future Monad airdrops. These include:
Community Role (Nads Role on Discord): Active engagement on Monad’s social platforms may earn users the Nads role in the official Discord. This role is particularly suited for individuals adept in content creation or community interaction. By contributing via posts, discussions, and updates, users could earn this designation, which is believed to serve as a strong indicator for airdrop eligibility. Despite the rapid growth of the Monad community, fewer than 1,000 OG roles have been allocated so far, presenting a unique opportunity for new contributors. Notably, the OG role is currently traded OTC for between $2,000 and $3,000, highlighting its perceived value. Difficulty: High Estimated Airdrop Likelihood: 100%
Stake-to-Airdrop: Given Monad’s affiliation with the Jump ecosystem, staking relevant tokens such as W or PYTH might enhance a user’s chances of receiving an airdrop. Previously, Wormhole airdropped tokens to the top 10,000 $PYTH stakers, establishing a potential precedent. Current benchmarks for the top 10,000 stakers are approximately $PYTH at $1,600 and $W at $1,400. These entry points are accessible to many users, especially those who already hold the tokens. However, Monad may impose stricter criteria in the future, potentially narrowing to the top 5,000 or even 1,000 stakers. Difficulty: Moderate to High (Capital-dependent) Estimated Airdrop Likelihood: 50–60%
Hold-to-Airdrop: Retaining specific NFT collections linked to Monad’s ecosystem could also be a critical factor for eligibility.
MadLads: This collection is highly likely to be included, as Monad has invested in Backpack, its primary wallet, which is closely associated with MadLads. Difficulty: High (High cost entry) Estimated Airdrop Likelihood: 90%
Pythenians: This community is closely connected with the Pyth Network, which has strong ties to Monad. Although the Pythenians are not currently deeply involved in Monad’s activities, their association within the Jump ecosystem keeps them as potential candidates. Difficulty: Medium Estimated Airdrop Likelihood: 60–70%
Pudgy Penguins & Wassies: Both projects have founders who are angel investors in Monad, which may increase their chances of being included. Difficulty: Medium to High Estimated Airdrop Likelihood: TBD (Speculative)
Conclusion
The “1 Million Nads” NFT is more than just a commemorative release—it could be a component of a larger, strategically curated airdrop initiative by Monad. The project encourages users to remain engaged with the ecosystem and stay alert to the evolving criteria for eligibility.
