NFTs (non-fungible tokens) continue to be one of the hottest topics in the cryptocurrency ecosystem. Although some say that NFTs are obsolete, the latest news shows that this is not the case at all.
An anonymous cryptocurrency artist, known in the market as XCOPY, sold $24 million worth of NFTs in just 10 minutes during the last drop. According to the information obtained, most of this income came from the collection called “MAX PAIN”.
According to experts, $ 24 million in sales in as little as 10 minutes in Friday's sales is considered as proof that the hype of NFTs still continues. It is seen that the floor price of the collection, which consists of 7,500 pieces, is 1.8 ETH as of the time of writing. On the other hand, XCOPY is characterized as an unusual NFT artist. One NFT of XCOPY was sold for $7.10 million last year, making NFT among the ten most expensive NFTs.
NFT Hype Continues
According to the information obtained, the Ethereum price was approximately $ 3,108 at the time of the mint of the MAX PAIN collection, and a total of 7,394 NFTs were mint at this price. XCOPY did not set a limit on the amount to be mined, but the duration of the mint was limited to 10 minutes.
Therefore, looking at this information, although some people say that the hype around NFT is over and NFTs will disappear, in fact, NFTs continue to grow. Because more and more people are grasping the meaning and purpose of NFTs. This leads to increased adoption of NFTs.
NFT Response from Dogecoin Founder to Madonna
Madonna, a world-famous, living legend who is considered the best female pop artist of all time, announced that she had entered the metaverse by taking her first NFT. Madonna announced that she chose her first NFT from Yuga Labs' famous NFT collection, Bored Ape Yacht Club (BAYC). The developer of the popular meme coin Dogecoin (DOGE), known as Shibetoshi Nakamoto, criticized Madonna for claiming she had bought a Bored Ape Yacht Club (NFT). Commenting on the subject, the developer of Dogecoin (DOGE) claimed that the Queen of Pop did not buy BAYC NFT using her own money. According to Shibetoshi Nakamoto, the allegedly purchased NFT was purchased by Moonpay and gifted to the artist.