Hi NFT Community
As you likely know by now there are many NFT drops happening daily. There is definitely market saturation when it comes to the animal pfp (profile picture) collectible side of the ecosystem, however, if you know how to rise above the noise there is plenty of opportunities to make a big splash in the NFT space, just ask Hapebeast.
Hapebeast is a project that was eagerly anticipated and even before they launched they had almost half a million members in their Discord channel and over 250,000 followers on Twitter all chomping at the bit to get their hands on a Hape NFT.
So keen was this community (affectionately known as Hapes) to capture their Hape they managed to crash OpenSea with secondary market trading. This won’t be a surprise to many as Opensea is often referred to as BrokenSea (sort it our Opensea).
Nonetheless, what this project did was a cut above the rest driving over USD 35,000,000 (14.3 Ethereum) in trading volume in the first 24 hours, the total currently sits at USD 6,838,746 (15.1 Ethereum), clearly, a lot of people don’t want to let theirs go just yet. The floor price (cheapest available) if you want to get involved currently sits at USD 18,913 (7.76 Ethereum).
So when you hear in the NFT space “Wen Moon” (intentional misspelling), Hapebeast is a perfect example of a project that’s on course.
Here’s an example of current trading activity at the time of writing.
The project has yet to reveal the assets distributed to each holder, a popular tactic to create mystery and fun around a project. There will be more buzz when the reveal happens as holders will finally get to see the Hape they own, some, of course, being very rare and considerably more valuable than others. This will be when we see another surge in trading volume as those who have rares may want to cash in on their newfound wealth, while others who were hoping for rares but ended up on the lower end will potentially cash in if they don’t have what they hoped for.
I wasn’t fortunate to snag any as the demand was so high, but nevertheless, I’m keeping an eye on it. Regardless of if I end up owning one I still enjoy seeing hot projects like this explode and I’m happy for the team as they’re setting a new standard by raising the bar for quality in the NFT space.
So what exactly is Hapebeast? In their own words,
HAPEBEAST is a new art and fashion playground from London-based studio Digimental. Built around an initial drop of 8,192 unique NFTs on the Ethereum blockchain, the project unites style, technology and community, and sets up HAPES as next-generation fashion leaders.
What is it that made this project so special? Let’s take a look and maybe it’ll help you identify future Bluechip NFTs.
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