Non-fungible tokens, or more commonly called NFTs, continue to be a hot topic in the crypto market.
Some argue that there is a de facto lack of energy, but some recent events seem to indicate the opposite.
Pseudonym crypto artist XCOPY has sold about $ 24 million worth of NFTs in just 10 minutes in a recent drop.
Most of the profits collected came from the mint for the open edition of “MAX PAIN” works, but a series of ranking auctions also brought a fair amount of money.
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Crypto Art Trail Blazer
The crypto art pioneer NFT has become an attractive item for enthusiastic collectors. Some of his limited edition NFTs have sold for millions of dollars in recent months.
And on Friday, when he unveiled a more affordable open edition NFT, it generated approximately $ 24 million in sales in just a few minutes.
“It was very intense,” XCOPY said shortly thereafter.
XCOPY shows that high-value NFT artwork will never go away.
Nifty Gateway was used to launch a new NFT drop for London-based crypto artists. The highlight of this opportunity was MAX PAIN, which was sold with the other six limited editions.
BTC total market cap at $844.61 billion on the weekend chart | Source: TradingView.com
XCOPY monopolizes the NFT heading
XCOPY is not a regular NFT artist. Perhaps the artist was the most “right-click and save as person” non-fungible token in the top 10 of the most valuable NFTs, sold for an astonishing $ 7.1 million on December 10, last year. Well known.
The term “right-click” was chosen to parody individuals who continue to refer to crypto art as worthless to right-click and save for free.
MAX PAIN is currently owned by 5,255 unique individuals and has had nearly 140 secondary transactions within 24 hours of its initial release.
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Hot cell
Artists typically create unique limited edition works in a similar fashion, with titles that comment on NFT culture and other people’s criticisms. For example, right-click or all-time high. city.
These and other items are steadily increasing in value as the entire NFT market grows.
Regular customers had a 10-minute window to mint NFTs during the MAX PAIN sale, and there was no limit to the total number of mint available.
A total of about 7,394 NFTs were created at a price of $ 3,108 per unit. This is the price of one Ethereum at the time it went on sale.
On the other hand, the topic surrounding NFTs may not be as intense as it was at the end of last year, but some claims this trend is far from extinct.
Featured image from YouTube, chart from TradingView.com
