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XCOPY, a crypto artist, sells $24 million worth of NFTs in just ten minutes

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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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.