Hashmasks is a new Ethereum platform that recently sold a collection 16,000 artworks to the blockchain for $9 million. Within four days of its launch, the new project had already generated $9 million in sales. Hashmasks became the largest non-fungible (NFT), collectible on Ethereum due to its massive sales.
Hashmasks 1 was the first collectible it sold, and subsequent batches were sold at higher prices. Three days after the sales started, Hashmasks 1 sold for 100 Ethereum. All Hashmasks artworks had been sold by February 1st.
Due to the Hashmasks sale, the NFT sector of Ethereum soared10x in December and January.
In December, crypto art sales reached $8million when Beeple, a prominent crypto artist, sold NFTs to buyers. Justin Roiland (Rick & Morty creator) also sold sketches in January for $1.5 Million.
Gary Bracey (CEO of Terra Virtua Limited) commented:
“The problem is that nobody can predict which products will succeed or fail. This is the best thing about participating in such a market. There are no precedents or rules, so each person’s ideas can be as good as any other.
ETH is currently at $1,629.97. This is an increase of 1.63%. On the 4th February, $1,689.19 was reached as the second-largest digital asset in terms of market value.