The Hashmasks digital project is becoming one of the most valued NFT projects on the market, accumulating nearly 10.240 ETH, equivalent to about 13,7 million dollars, in recent days.
The originality and uniqueness of NFT tokens are captivating investors and collectors, who are willing to pay large sums to become owners of one of these original tokens. In recent days, the NFT market has shown incredible growth, accumulating more than $18 million in trading volume. This figure corresponds to the total volume traded with NFT tokens in January, according to data from the platform. nonfungible.
Although this figure is much lower when compared to the total volume mobilized in the NFT market, or that moves in the digital industry and in the cryptocurrencies, , which proves that NFTs are becoming more important to the community every day. Compared to the total trading volume for the month of December, the NFT market grew by approximately 108% during January.
Much of this trading volume is being captured by The Hashmasks platform, which is currently the most active and has the most trading volume in the NFT market.
Source: OpenSea
As of this writing, The Hashmasks is the NFT project with the highest trading volume, followed by Cryptopunks and Sorare. In the last week, these platforms moved value in the order of 2.077 ETH, 1.612 ETH and 713 ETH, respectively.
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The new frenzy in the NFT market
The Hashmasks is catching everyone’s attention in the NFT market. This platform, which was launched just on January 27, has traded over 10.00 ETH worth over 16.000 NFT tokens at the time of writing.
As indicated on the website of this project, The Hashmasks was created by the Zug-based Suum Cuique Labs organization, based in Switzerland, as a digital art collectibles platform where more than 70 artists from around the world participate. This platform hosts a collection of 16.384 unique digital portraits created in NFT tokens, which have already been sold in their entirety at the time of this publication.
The collection presented on this platform is valued at a total of 10.243 ETH, which were distributed in different stages: the first of these housed a total of 3.000 tokens, where each was valued at 0,1 ETH; the second, third and fourth stages contained a total of 4.000 tokens each, valued at 0,3 ETH, 0,5 ETH and 0,9 ETH respectively. The fifth stage of The Hashmasks contained 1.000 tokens, valued at 1,7 ETH per piece, while the last two were the highest value, with 381 tokens worth 3 ETH per piece of art, and 3 NFT tokens worth 100 ETH each.
Most of these tokens have a unique name that users can change on the Ethereum blockchain through a name change token (NCT), but their identity remains unknown for the first 14 days after purchase, so it is estimated that it will be from next February 11 that investors will begin to discover the figures inside these art collectibles.
CryptoArt and collectibles, the protagonists in NFT
The video game and digital gaming sector plays a very important role in the NFT market. CryptoKitties, Sorare, The Sandbox, and Decentraland are some of the most popular and well-known platforms in this sector in the industry. However, the crypto art and collectibles sector is also gaining great popularity in the NFT market. The enthusiasm and attention that collectors and investors are devoting to the pieces of art created digitally on these particular tokens is dominating the industry.
The sale of digital art, through technology-backed tokens blockchain, is proving to be a highly lucrative market for artists, collectors and investors. Many of the artists who have launched crypto art collections have raised several million dollars in value, as in the case of artist Beeple's, who has sold over 800 NFT artworks raising over $6,7 million; the artist Pak, whose collections include more than 1.200 pieces sold for more than $4,7 million, and more recently, the crypto art collection launched by American actor Justin Roiland, which was auctioned for more than $1 million on the digital market Nifty.
Source: crypto art
Some of the most expensive crypto art
As of today, there are several art NFT tokens that have sold for really high figures, such as the The MF Collection from Beeple, which sold for 563 ETH, equivalent to about $780; crypto art Genesis created by artists Rrevorjonesart and Josedelbo, which sold for 302,5 ETH, valued at $417; Right Place & Right Time, a digital artwork that references the price of Bitcoin, which was sold for 262 ETH, valued at more than 361 thousand dollars; and even one of The Hashmasks' pieces, called Trump, whose image is unknown at this time, which was sold for 97 ETH; around 130 thousand dollars at the time of this edition.
Part of the value of these tokens in the markets is based on their properties of non-fungibility, security, uniqueness and originality; properties that give any artist the ability to create unique, particular and extraordinary pieces of art within a blockchain.
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