Non-fungible token or NFT has taken the world by storm since the earlier part of this year and many artists have benefited from the surge of interest in NFT including those in Malaysia. Among the latest example is graffiti artist and illustrator, Katun.
Made available on 18 August through the SuperFarm platform which was co-founded by Elliot Wainman, a well-known figure within the cryptocurrency world, Katun’s NFT art collection managed to gain a total sale of 127.60 ETH, equivalent to around RM 1.63 million on the day of their release*.
Priced at 1 ETH (~RM12,840 on 18 August*), the Apes Stand Strong NFT art was made available as a limited-edition release and all 50 pieces were snatched within 30 minutes. Those who have purchased it would also receive a physical and numbered print of the artwork although they have to hold the NFT for at least two months.
https://twitter.com/SuperFarmDAO/status/1427497937878323200
If they managed to do that, they would also be in the running to receive an “evolutionary version” of Apes Stand Strong that is dubbed as Inferno on 18 October. As for his second NFT artwork which is called Mystical Fruit, it is not a limited-edition release although the artwork was only made available for a short duration of time with a price tag of 0.10 ETH (~RM1,284 on 18 August*) each.
Similar to Apes Stand Strong, Mystical Fruits also has its own special feature in which 20% of the NFT will randomly evolve into a special edition artwork called Garden of Bloom on 18 October. It was well-received as well since 776 pieces of the artwork were sold over a span of 24 hours.
*these figures are based on the conversion tool by Google.
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