The right NFT still sells for a lot of money
Yes you read it right that is the kind of money that can be generated if you happen to create the right kind of NFT
This is despite the slowdown in the crypto defi and blockchain space the NFT space does make news quite often.
$127,000 ! well that is the kind of price you can command if you can get your NFT act together.
That seems to be the case at least for FEWOCiOUS a 19 year old artist
whose NFT got sold for a whooping $127,000
What does it take to make a NFT like that ?
Let us put it all together...
The right artist !
A young man of 19 years that goes by the user name FEWOCiOUS happen to create a non-fungible token (NFT) in the Bowie Estate’s exclusive collection with OpenSea.
His created art happened to sell for 96.5 ETH or a mammoth $127,000 price tag.
This was part of an initiative where the David Bowie estate partnered with NFT platform and marketplace OpenSea.
The idea was to sell a collection by the name of “Bowie on the blockchain” This was a 15 piece NFT collection.
This collection is to commemorate the British pop legend David Bowie's life his career and achievements.
The collection got listed on the openSea marketplace on the 30th of September. It featured nine artists who interpreted David Bowie in their own styles.
FEWOCiOUS the19 year old boy artist happen to create an animated video clip that was paired with a seven foot tall sculpture that adorned a Bowie’s custom suits from his archive.
For FEWOCiOUS it was an opportunity to represent David Bowie living a life which he always wanted to live.
Acording to openSea
"the collection will carry out Bowie’s legacy of reshaping the nature of musical performances, empowering digital communities and being a proponent of new technologies within the span of his career."
The collection is already a hit
The collection seemed to have been welcomed well by the collectors as can be seen from the price action of the other NFT's
Other NFT's managed to get a price in the rage of 3 ETH ($4000) to 7.5 ETH ($9800)
The second best seller from the collection is a hit too
The 2nd highest selling NFT is titled “It Became A Myth Land” by NFT artist Defaced.
This is a unique piece of art as the digital work runs on a 12 hour clock.
This clock travels through six different segments that represent the various phases of David Bowie's life and career.
Once sold it comes with a Atomic Form digital frame to display the work.
Bidding is still on for the rest of the collection
The Bidding process on the NFT's began on Sep 30 2022 and the final NFT's would be sold on November 3 2022
Has it made the artist rich ?
It is not clear as to what the artist fee has been for the assignment as it is part of an collaborative auction for a cause.
It is an auction for a good cause
The proceeds from the sale of the NFT collection would be donated to an organization called CARE.
CARE is working towards ending global poverty and hunger.
The wife of David Bowie Iman is a global advocate for CARE
Get the mix right
The NFT market is a highly illiquid one and for a NFT collection to do well you need the right artists, the right platform to display the art and the right marketing thrust to make it visible and a hot commodity.
That being said you might like to browse through the collation here before you decide to make a buying decision and add it to your collection.
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