In his most recent drop, XCOPY, a pseudonymous cryptocurrency artist, sold about $24 million worth of NFTs in just 10 minutes.
Non-fungible tokens, or NFTs as they are more often known, have remained a heated issue of debate in the crypto market.
Some claim that they have ran out of energy, although a few recent events appear to contradict this.
The majority of the money was raised through open edition mints of the “MAX PAIN” piece, although a series of ranking auctions also brought in a lot of money.
Dedicated collectors have made NFTs from the crypto art pioneer something of a grail item, with several of his limited-edition NFTs selling for several million dollars in recent months.
And on Friday, when he released a more affordable open edition NFT, it sold out in a matter of minutes, generating nearly $24 million in sales.
Soon after, XCOPY commented, “That was pretty intense.”
XCOPY proves that high-value NFT artwork isn’t going away anytime soon.
The London-based crypto artist’s new NFT drop was launched via Nifty Gateway. The event’s highlight was MAX PAIN, which was offered alongside six other limited-edition items.
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