Crypto News

Digital art project sells out $10M in NFTs in four days

Early adopters have scooped up over 15,300 Hashmask NFTs as one “card” has gone on sale for 97 ETH.

Hashmasks, a new non-fungible token project has raised over 7,600 ETH (about $10 million) from the sale of more than 15,300 digital collectible cards.

The owner of Hashmasks #1 has sold his card named after former United States President Donald Trump for about 97 Ether (ETH) which amounts to over $126,000 at the current Ether price.

Hashmasks #1 was acquired for 0.1 ETH according to the collection timetable on the project’s website meaning that the original collector has earned a 96,900% profit on the initial investment.

As of the time of writing, it now costs 1.7 ETH to buy a Hashmask with only about 730 left at that price. The last two price epochs will see the remaining NFTs be available for 3 ETH and 100 ETH respectively. The project has already raised over $10 million from the sale of more than 15,000 Hashmasks.

Each Hashmask is reportedly designed to be a unique piece that is part digital art and part digital collectible. Every card is said to possess five basic characteristics — mask, character, eye color, skin color and item — all with varying degrees of rarity.

Hashmask distribution schedule      Source: https://www.thehashmasks.com/

Presently, cardholders do not know the identity of the Hashmasks they own with the final reveal slated to occur on Feb. 11. Owners are also able to name their NFTs using the project’s name changing token, or NCTs.

Each Hashmask accumulates 10 NCT per day and it costs about 1,830 NCT to facilitate a name change. According to the project’s rules, no two cards can bear the same name thus making the title designation another layer of uniqueness.

Early adopters have already taken to naming their cards after popular crypto figures like Satoshi Nakamoto and Vitalik Buterin. Others have elected to make pointed statements like “CSW is not Satoshi” while naming their cards.

Hashmasks is the latest project in the expanding NFT niche. Back in January, a rare CryptoPunk card sold for 605 ETH (about $750,000 at the time).

According to the Hashmasks listing on the OpenSea NFT marketplace, the most expensive of the lot on sale is priced at over 900 ETH. If sold, it could become the most expensive NFT in the history of the market.

As previously reported by Cointelegraph, the NFT boom is bringing together artists and collectors with an appetite for digital art. However, Fortnite founder Tim Sweeney has said that the emerging market sector is still a “speculative mess.”

How useful was this post?

Click on a star to rate it!

As you found this post useful...

Follow us on social media!

Disclaimer: The opinions expressed within this article are the personal opinions of the author. The facts and opinions appearing in the article do not reflect the views of CoinChapter and CoinChapter does not assume any responsibility or liability for the same.

(This story has not been edited by CoinChapter staff and is auto-generated from a syndicated feed.)
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Investor Makes $150,000 After Selling Hashmask Item
14 days ago

[…] investor has managed to cash in! Buying one piece of digital art for $130 and then reselling it for more than $150,000 in just three days. The sale was made through the Open […]

CoinChapter

Founded in 2015, Coinchapter.com has become one of the leading resources for the crypto asset community. Created by a small group of cryptocurrency enthusiasts, Coinchapter.com was built to provide new members of the crypto asset community with unbiased listings of cryptocurrency exchanges and retail options that would allow them to buy the crypto assets that they wanted, how they wanted and at the price they wanted.

Related Crypto News

Cardano(ADA) Becomes Second Biggest Unicorn In Crypto Valley
Switzerland’s Crypto Valley released its CV Top 50 report. Compiled in partnership with PwC, the report lists Cardano(ADA) as...
Dogecoin Now Being Accepted By The Dallas Mavericks
Dogecoin continues to move beyond the idea that it is simply a meme token. The Dallas Mavericks announced that...
Ripple’s Chairman Files To Remove SEC Lawsuit Over XRP Sale
The Legal counsel of Ripple Executive Chair Chris Larsen is trying to get his name removed from the US...
Gemini Exchange Launches Dedicated Service “Gemini Fund Solutions”
Gemini Crypto exchange and the custodian has launched a new dedicated service called Gemini Fund Solutions.
Crypto.com Raises $200 Million For Cryptocurrency Startups
Crypto.com announced the launch of Crypto.com Capital. Its venture arm has set aside $200 million to invest in promising...
Ethereum (ETHUSD) Trapped Between Short-Term Moving Averages as Powell Scares
Key Ethereum Takeaways Ethereum wobbled between profits and losses on Thursday as traders waited for clear policy direction from...

Featured Crypto News

Cardano(ADA) Becomes Second Biggest Unicorn In Crypto Valley
Switzerland’s Crypto Valley released its CV Top 50 report. Compiled in partnership with PwC, the report lists Cardano(ADA) as...
Dogecoin Now Being Accepted By The Dallas Mavericks
Dogecoin continues to move beyond the idea that it is simply a meme token. The Dallas Mavericks announced that...
Gemini Exchange Launches Dedicated Service “Gemini Fund Solutions”
Gemini Crypto exchange and the custodian has launched a new dedicated service called Gemini Fund Solutions.
Crypto.com Raises $200 Million For Cryptocurrency Startups
Crypto.com announced the launch of Crypto.com Capital. Its venture arm has set aside $200 million to invest in promising...
Ethereum (ETHUSD) Trapped Between Short-Term Moving Averages as Powell Scares
Key Ethereum Takeaways Ethereum wobbled between profits and losses on Thursday as traders waited for clear policy direction from...
Kings Of Leon To Become First Band To Release Full Album As NFT
Kings of Leon will release their new album, titled ‘When You See Yourself’ on Friday. They will be releasing...