Hashmasks, a new non-fungible token (NFT) project, has raised over 7,600 ETH ($10 million) from the sale of more than 15,300 digital collectible cards.
It has been reported that 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.
However, Hashmasks #1 was acquired for 0.1 ETH, according to the collection timetable on the project’s website, which means that the original collector has earned a 96,900% profit on the initial investment.
The report said that 20 hours ago, it 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. The project has already raised over $10 million from the sale of more than 15,000 Hashmasks. Each Hashmask is 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.
As per the sources, currently, cardholders don’t know the identity of the Hashmasks they own with the final reveal slated to occur on February 11. Owners are also able to name their NFTs using the project’s name changing token (NCTs).
Hashmasks are making some noise in the NFT space by raising $10 million just from the sales of their digital collectible cards. Were you able to get your hands on one of their NFTs? https://t.co/sN2Pz0mMU2 — Cointelegraph (@Cointelegraph) February 1, 2021
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.
Thus, Hashmasks is the latest project in the expanding NFT niche. 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.
Source: Cointelegraph