NFTs named “Okay Bears” make $18 million in 24 hours

Well, the bears are topping the charts

Here’s a situation that doesn’t happen often: Projects of non-fungible tokens (NFTs) deployed on the Ethereum (ETH) blockchain have He left the first position on the platform for a new project created on another blockchain.

These are the Bears, okay.profile picture NFTs (PFP) depicting bears with many random traits and It was minted to 10,000 copies. Launched at 1.5 SOL ($145), all 10,000 copies of Okay Bears were Sold at Magic EdenSolana, one of the platforms for selling NFTs on the Solana (SOL) blockchain.

The secondary market caught on quickly, driving up the price of bears significantly and generating no less than $18.4 million sales volume on April 26. And so this new group passed for some time Before giants in the field like Bored Ape Yacht Club (BAYC) So are their mutant cousins, even Moonbirds or Meebits.

According to the classification of the Open Sea platform, Okay Beards . ranks Currently the third place in saleswith a sales volume of 97386 sol 24 hours, Or about $9.6 million.

It’s about The first time that the NFTs project developed in Solana ranked first Platform in terms of sales More than 24 hours. However, in a global comparison, Ethereum remains the leader with $104 million same-day sales in terms of NFT sales, versus Solana’s $29.1 million, which With that saw its sales volume explode by +216%. Especially thanks to Okay Bears.

👉 Going Ahead: NFT – How to Identify and Avoid the Most Common Scams?

Why this success?

In the face of the great leader of the NFTs universe Yoga Labsat the origin of the core NFTs now boredom monkey yacht club Which recently acquired CryptoPunks and Meebits groups, new ventures realize that they have to ensure a certain quality.

The success of the ‘club’ system, which allows BAYC holders to take advantage of several advantages including exclusive airdrops, is well established. Instead of trading simple NFTs, the It seems that the community wants concrete projects.

That’s what Okay Beards has to offer here on their website White papersAnd called “Blueprint” (Technical drawing).

“We are not only publishing a roadmap, we are laying out the blueprint that will guide and build a world-leading community-centric Web 3.0 brand.”

Hence, Okay Bears, among others, ” alcohol market ‘, which will give its owners access to exclusive worldwide content, conferences or exclusive merchandise thanks to the partnership with Shopify.

Corner “Gallery” It will also be set up so that the Okay Bears community can directly interact with the project by submitting fan art. In addition, the project will also serve Community Initiative Incubator It aims to develop the Okay Bears ecosystem through a system of licenses and grants.

Anyway, here is a project to follow closely, And who risks talking about it.

👉 On the same topic: OpenSea acquires Gem, an aggregator of NFTs Markets

Sources: Open Sea, Magic Eden

Newsletter 🍞

Get your cryptocurrency news feed every Sunday 👌 and that’s it.

What you need to know about affiliate links. This page displays the assets, products, or services related to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to provide you with original and useful content. There is no effect on you and you can even get rewarded by using our links.

Investing in cryptocurrency is risky. Cryptoast is not responsible for the quality of the products or services offered on this page and cannot be held responsible, directly or indirectly, for any damage or loss resulting from the use of a good or service highlighted in this article. Investments related to crypto assets are of a risky nature and readers should do their own research before taking any action and invest only within their financial capabilities. This article does not constitute investment advice.

About the author: Maximilian Pro

Twitter- soothsayerdata

Passionate about the world of decentralized finance and the novelties that Web 3.0 has brought, I write articles for Cryptoast to help make blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
All articles by Maximilien Prué.

Leave a Comment