Thursday, May 23, 2024
HomeNFTAs the Mint goes live, Invisible Friends NFTs skyrocket by 5,000 percent

As the Mint goes live, Invisible Friends NFTs skyrocket by 5,000 percent

The artworks for Invisible Friends are yet to be published, but eager speculators have rushed to purchase the collection at a massive mark-up on OpenSea.

Last night saw the release of the much-anticipated Invisible Friends NFT compilation. Though the artwork is yet to be unveiled, NFTs were immediately sold on the secondary market for a 5,000 percent mark-up. A limited-edition item from the collection sold for approximately $1.3 million, with the money going to charity.

Last night, Invisible Friends was released with a 0.25 Ethereum mint price open to wallets on an early release list, and the NFTs skyrocketed on the secondary market.

Golden Friend, a limited edition one-of-a-kind item from the Invisible Friends Exclusive series, was also auctioned off for 496.69 ETH. One of the most talked-about NFT collections in recent months was Invisible Friends. Before the debut, it had 500,000 Twitter followers.

The mint for the collection is set to close at 22:00 UTC, yet at press time, 98 percent of the collection has been minted.

While Invisible Friends was a much-anticipated release, the NFT business as a whole has been expanding in recent weeks since its mainstream debut in 2021. While the overall market for fungible crypto assets has declined, daily transfers for NFTs are approaching all-time highs, with OpenSea surpassing $5 billion in sales last month.


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