{"id":21982,"date":"2022-03-26T12:09:09","date_gmt":"2022-03-26T11:09:09","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=21982"},"modified":"2022-03-26T14:04:44","modified_gmt":"2022-03-26T13:04:44","slug":"nft-artist-xcopy-sells-out-23m-worth-of-nfts","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/nft-artist-xcopy-sells-out-23m-worth-of-nfts\/","title":{"rendered":"NFT artist XCOPY sells out $23M worth of Ethereum NFTs in just 10 minutes"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\">Famous Crypto artist XCOPY sold out his latest open edition Max Pain <a href=\"https:\/\/coinscreed.com\/staging\/pixar-pals-nft-collection-sells-out-within-24-hours-of-its-launch-on-veve.html\" data-type=\"post\" data-id=\"20875\" target=\"_blank\" rel=\"noreferrer noopener\">NFT<\/a> collection for about $23 million on Nifty Gateway in just 10 minutes.<\/h5>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"571\" height=\"537\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/image-184.png\" alt=\"NFT artist XCOPY sells out $23M worth of Ethereum NFTs in just 10 minutes | Coinscreed\" class=\"wp-image-21986\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/image-184.png 571w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/image-184-300x282.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/image-184-150x141.png 150w\" sizes=\"(max-width: 571px) 100vw, 571px\" \/><figcaption>The open editions of XCOPY's Max Pain NFT sold for $23 million.<\/figcaption><\/figure>\n\n\n\n<p><strong>In summary<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Artist XCOPY's open edition NFT release brought in over $23 million in sales.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>On Nifty Gateway, the Max Pain Ethereum NFT was only available for 10 minutes.<\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/coinscreed.com\/staging\/psg-gets-ready-for-the-metaverse-and-nfts.html\" data-type=\"post\" data-id=\"21573\" target=\"_blank\" rel=\"noreferrer noopener\">NFTs<\/a> by the pseudonymous crypto artist XCOPY have been coveted by professional collectors, with some of his limited-edition NFTs fetching millions of dollars in recent months. <\/p>\n\n\n\n<p>And when he produced a more affordable <a href=\"https:\/\/coinscreed.com\/staging\/step-by-step-how-to-sell-nfts-on-nifty-gateway.html\" data-type=\"post\" data-id=\"21468\" target=\"_blank\" rel=\"noreferrer noopener\">open edition NFT<\/a> yesterday, it quickly sold out, bringing in over $23 million in sales.<\/p>\n\n\n\n<p><a href=\"https:\/\/coinscreed.com\/staging\/can-nfts-be-hacked-or-stolen.html\" data-type=\"post\" data-id=\"20711\" target=\"_blank\" rel=\"noreferrer noopener\">Nifty Gateway<\/a> launched an open edition sale for XCOPY's Max Pain NFT, an animated skull-like image with the artist's signature glitchy, throbby style, on Thursday. <\/p>\n\n\n\n<p>It was only accessible for ten minutes for a cost of $3,108 or roughly one <a href=\"https:\/\/coinscreed.com\/staging\/ethereum-eth-rises-above-3000-once-more-outperforming-bitcoin-on-weekly-chart.html\" data-type=\"post\" data-id=\"21472\" target=\"_blank\" rel=\"noreferrer noopener\">Ethereum<\/a> at the time.<\/p>\n\n\n\n<p>In the end, 7,394 Ethereum NFTs were sold in that 10-minute period, netting slightly under $23 million. <\/p>\n\n\n\n<p>Soon after, the artist <a href=\"https:\/\/twitter.com\/XCOPYART\/status\/1507132206057238530\" target=\"_blank\" rel=\"noreferrer noopener\">tweeted<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>, &#8220;Wow, that was extremely intense.&#8221;<\/p>\n\n\n\n<p><a href=\"https:\/\/coinscreed.com\/staging\/15-most-expensive-nfts-ever-sold-in-2022.html\" data-type=\"post\" data-id=\"21331\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Right Click and Save As Guy<\/strong><\/a> and <strong><a href=\"https:\/\/superrare.com\/artwork\/all-time-high-in-the-city-11\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/superrare.com\/artwork\/all-time-high-in-the-city-11\" rel=\"noreferrer noopener nofollow\">All-Time High in the City<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/strong> are two examples of XCOPY's single-edition, one of a kind pieces.<\/p>\n\n\n\n<p>As the NFT market has grown, the value of those pieces, as well as others, have increased.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-twitter\"><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">MAX PAIN \ud83d\udd25 tomorrow <a href=\"https:\/\/twitter.com\/niftygateway?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@niftygateway<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> <a href=\"https:\/\/t.co\/hRMhWZO553\" target=\"_blank\">pic.twitter.com\/hRMhWZO553<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/p>&mdash; XCOPY \ud83c\udff4 (@XCOPYART) <a href=\"https:\/\/twitter.com\/XCOPYART\/status\/1506752801111777286?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">March 23, 2022<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/div><\/figure>\n\n\n\n<p>Those two pieces, both minted on the SuperRare platform, are on Coinscreed's list of the <a href=\"https:\/\/coinscreed.com\/staging\/15-most-expensive-nfts-ever-sold-in-2022.html\" data-type=\"post\" data-id=\"21331\" target=\"_blank\" rel=\"noreferrer noopener\">most expensive NFTs ever sold<\/a>, with <strong>Right Click and Save As Guy<\/strong> fetching about $7.1 million in ETH in December 2021.<\/p>\n\n\n\n<p>An NFT serves as a deed of ownership for a one of a kind digital property, such as digital artwork, profile images, and collectibles. <\/p>\n\n\n\n<p>XCOPY is one of the most successful artists in the NFT market. A market which had a <a href=\"https:\/\/coinscreed.com\/staging\/nfts-to-look-out-for-in-2022-ranked.html\" target=\"_blank\" data-type=\"post\" data-id=\"20943\" rel=\"noreferrer noopener\">total trading volume of $25 billion in 2021<\/a>.<\/p>\n\n\n\n<p>XCOPY doesn't frequently make open edition releases, which allow an infinite number of buyers to acquire the same version within a limited timeframe.<\/p>\n\n\n\n<p>In fact, the last one for Traitors was precisely one year ago on Nifty Gateway, and the base item Afterburn from that sale went through 870 copies for $999 each in March 2021.<\/p>\n\n\n\n<p>Presently however, those Afterburn NFTs currently start at around $29,400 on Nifty's secondary marketplace.<\/p>\n\n\n\n<p>Along with the open edition debut of <a href=\"https:\/\/coinscreed.com\/staging\/how-nfts-are-made-and-how-they-create-value.html\" data-type=\"post\" data-id=\"20857\" target=\"_blank\" rel=\"noreferrer noopener\">Max Pain<\/a> on Thursday, Nifty Gateway also held ranked auctions for a limited number of variants, which raised over $1.5 million in addition to the open edition sales. <\/p>\n\n\n\n<p>Holders of prior Traitors NFTs might &#8220;burn&#8221; (or destroy) them in exchange for other limited-edition XCOPY pieces on the platform.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Famous Crypto artist XCOPY sold out his latest open edition Max Pain NFT collection for about $23 million on Nifty Gateway in just 10 minutes. In summary Artist XCOPY&#8217;s open edition NFT release brought in over $23 million in sales. On Nifty Gateway, the Max Pain Ethereum NFT was only available for 10 minutes. NFTs [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":21987,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,62],"tags":[8338,8337],"class_list":["post-21982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-nft-news","tag-max-pain","tag-xcopy"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/xcopy-max-pain-ethereum-nft-gID_7.png.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/21982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=21982"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/21982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/21987"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=21982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=21982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=21982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}