• The Drop
  • Posts
  • XCOPY Sells Out In 10 Min For 24 Million

XCOPY Sells Out In 10 Min For 24 Million

What's Dropping, NFT War Museum, Floor Tracker

March 29, 2022

Welcome to The Drop NFT Newsletter. Subscribe and join the discord for breaking NFT news, project breakdowns, & artist spotlights. Thank you for following along on this journey!

This newsletter is powered by FTX ⚡️

FTX is a US based and regulated crypto exchange that hosts some of the highest amounts of trading volume and daily active users in the industry. 

On top of this, FTX US offers desktop and mobile trading of Ethereum + Solana NFTs with NO GAS FEES! 

Start your FTX journey today by joining HERE 🔥 

Happy Tuesday., let's kick off the week the right way with...

What's Dropping ⚡

  • Crypto OG’s might remember the fall of Mt. Gox, a cryptocurrency exchange that suffered a hack in 2011 which resulted in the loss of 850,000 BTC. The former CEO of the bankrupt exchange has announced that certain users will be eligible to claim a commemorative NFT.

  • NFT Los Angeles is in full swing now until March 31st! CatBlox and Psychedelics Anonymous both hosted epic events last night.

  • Legendary artist & designer, Takashi Murakami has a new pixel-art project. Murakami.Flowers is a wonderful and simple love letter to video game sprites of the 1980s.

  • The Drop founder, Gannon Breslin, got a tattoo of a meebits on his lower back. 😂

  • NBA team The Atlanta Hawks will be celebrating Fan Appreciation Night on April 6 during the team's final home game. Ticket holders will have the opportunity to scan a QR code during halftime, which gives them access to a commemorative Forever 404 NFT. Depicted in the art is a large ticket in the talons of "Spirit", the team's mascot.

  • VenVūū by Datchat seeks to connect NFT landowners with potential advertisement slots. The company hopes to innovate with its new platform VenVuu, which provides users with a simple and easy way to monetize their parcel NFTs. Pre-registration is open now.

  • An NFT of Nelson Mandela's original arrest warrant from 1961 sells for $130,000 on Momint. In regards to utility, the buyer will have exclusive access to the physical document at Liliesleaf Museum.

  • Another BAYC slips through the cracks as the holder of #835 accidentally lets Ape go for $115 USD. Apparently, the holder of this Ape also let a piece from their MAYC bag go for a low price as well. Sources say it may have been due to the initial offer being in DAI rather than ETH, which may have confused the seller.

  • NFTs and literature, how can the two coincide? Well, a recent good deed has solidified that connection. Edmonton author Todd Babiak released his novel Daughters of Walsingham as an NFT, with only a single copy available. After being sold, the owner has donated the NFT novel to a local library, where it can be rented out virtually and read by locals.

NFTs Preserve History Of Russia/Ukraine War

In a world of disinformation and media sabotage, it comes as no surprise that people in society do not trust what they are seeing. From propaganda to outright banishment of certain events, media coverage seems to be more skewed than ever. And with the case of the Ukraine/Russia conflict, information seems to be flowing from many different channels, yet not being distributed to the people that are living within the conflict. This causes two sides to form over factual statements that can be proven with photographic evidence.

Meta History: Museum of War is a project funded by the Ukraine Ministry of Digital Transformation to immortalize events in the war on the blockchain. Each NFT will feature a tweet pertaining to a different period within the conflict, along with an image. The project will be released on March 30, at a price of 0.15 ETH. All proceeds from the sale will go to the Ministry’s fund to help Ukraine.

This project is defined as an effort against Russian propaganda, by utilizing the blockchain ledger. If you mint a photograph on the blockchain, it lives forever. Anyone can see it on the blockchain, and no one can change it. And in a world where you don’t know what to believe or what you’re seeing has been manipulated, having a correct timeline of the events that have taken place, especially in a time of war, is very impactful.

XCOPY Sells Out Instantly 🚀

The prolific and well-established artist XCOPY dropped an open edition last Thursday and sold 7,394 of his NFTs titled Max Pain at a price of $3,108 each in just ten minutes. In other words, the artist cleared 24 million dollars in ten minutes. The piece was dropped on Nifty Gateway and was open for anybody to mint so long as they minted within the ten-minute window. Days before the launch some collectors were worried that the lack of a limit on the total number of pieces that could be minted would cause a market saturation and collapse the secondary market. The strength of XCOPY’s provenance and artistic refinement have kept the floor price for the project above the mint price of 1 ETH with its current trading price clocked in at 1.3 ETH.

XCOPY is a pioneer in the NFT space with a track record dating back to 2017. In fact his piece "A Coin for the Ferryman" that traded for $139 or 0.5 ETH in 2018 sold for 1330 ETH or six million dollars this past November. The success of XCOPY’s drop speaks to the commitment the NFT space has for valuable artists and the commitment that serious collectors have for the space.

Meme Drop 💧

FTX US NFT Marketplace 🔥

The Drop is ecstatic that we are now a partner with FTX, one of the biggest crypto exchanges in the world. Even more epic is how incredibly fast the team at FTX was able to create the ultimate NFT marketplace.

On the FTX desktop, you can buy and sell NFTs with gas-free NFT trading and keep everything in one spot with all things crypto. Buy your crypto and get busy trading right away with no hassle. To have your crypto and NFT trading all under one seamless platform click here.

Recent Articles 📰

Disclaimer: The Drop DOES NOT provide financial advice. All content is for informational purposes only. The Drop is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses. 

Follow the team: 

Join the Discord + follow the links below 👇