NFT platform nWayPlay, a subsidiary of Hong Kong-based blockchain startup Animoca Brands, produced and sold out a second batch of NFT digital boxes featuring “Bing Dwen Dwen,” the massively popular panda mascot of the Beijing Winter Olympics, on Thursday.
The completely sanctioned new collection includes six digital representations of the mascot participating in a variety of winter sports. Only 200 boxes, each containing three pins with unique serial numbers, were available for $349 each.
As digital memorabilia reaches the podium at the Beijing Winter Olympics, collectors and investors may now purchase non-fungible tokens, or NFTs. The first batch of panda mascot NFTs, which went on sale on Feb. 11, has already risen in value dramatically. They were previously sold for US$99 each, but are now selling for US$349 to US$1,188 on nWayPlay’s secondary marketplace.
According to Forkast’s estimates, the highest price paid for a Bing Dwen Dwen on nWayPlay’s platform was US$1,888, and the lowest was only US$3. All used sales had an average price of US$981, nearly ten times the original price.
Hmm, seeing those figures, it seems like I need to quit my current job and enter NFTs.