OpenSea is the largest secondary marketplace for trading crypto collectibles and non-fungible tokens (NFTs). Users can sell and purchase collectibles and create their own marketplace to showcase new NFTs.
On January 28th, Hashmasks initial sale launched as a new set of digital art pieces created by more than 70 artists from across the globe. The next day, Hashmasks began appearing for resale on OpenSea. A total of 16,384 unique digital portraits exist – and can ever be created.
Each of these artworks is uniquely designed to be part digital art and part digital collectible. They are all designed to possess five basic characteristics: eye color, mask, skin color, character, and an item. The NFTs come with a fungible Etheruem token that can be used to change the name of their artwork.
Suum Cuique Labs, from Zug, Switzerland is the project behind Hashmasks. They collected $13.4M in the 6 days of their initial sale. In just a week, Hashmasks were traded 2,724 times on OpenSea at an average price of $3,300.
These transactions add up to a total of $8.9MM in profits that went to the NFT owners, with OpenSea collecting over $200,000 in fees.
Source: https://www.cryptocompare.com/email-updates/daily/2021/feb/09/
