Investors continue to have an appetite for NFT collectibles despite the recent downturn in crypto markets.
Wicked Craniums, an Ethereum-based, algorithmically-generated NFT project, launched on June 20 and all 10,762 pieces were sold out within the first 30 minutes. The NFTs were available to mint for 0.06 ETH, bringing the total raised by the project to 645 ETH worth $1.3M.
The party continued on OpenSea, where a steady flow of buying pushed the floor price to 0.3 ETH, a 5x return in just a few hours. One lucky minter hit the jackpot with a rare Emerald Cranium wearing a Crown, which sold for 19 ETH!
According to the project’s description on OpenSea, Wicked Craniums are “the pictorial representation of the 10,762 Craniums that belong to the island of Osseous.” Each digital collectible combines various traits including clothes, body and headgear.
In less than 48 hours, the project has gained remarkable traction and is currently ranked No. 2 on OpenSea. With 2,428 holders at the time of writing, it has already surpassed Larva Labs’ CryptoPunks. Wicked Craniums sits right below Bored Apes, an NFT project, which in just two months, now commands a floor price of 3.3 ETH, 41 times their mint price of 0.08 ETH.
Crypto Twitter seems divided on the Craniums with NFT whale 0xb1 speculating that they could be the “next Bored Apes,” while Beanie, a member of the PUNKs comics team, unimpressed.
Disclaimer: The author owns Wicked Craniums but wasn’t fortunate enough to mint any rare ones.