Fidenza creator raises $17M in 30 minutes for new NFT project – The Defiant
The auction started at 50 ETH and ultimately sold out At 14 ETH. Collectors who bid higher were refunded the difference, meaning everyone who participated paid the same price. These passes will allow holders to create custom NFTs using the QQL algorithm, which has been available to the public for some time now. The QQL hoard has seen strong action on secondary markets, pushing it to number two on OpenSea’s leaderboard with a trading volume of over 3,300 ETH ($4.5M). The minimum collection price is 20 ETH, which is up almost 50% in just two days.
Hobbs’ inaugural Fidenza Collection remains one of the most popular generic NFT projects. During the Art Blox boom of 2021, a rare NFT from the collection, nicknamed ‘The Tulip’, sold for 1000 ETH ($3.3 million at the time). CryptoPunks have long been considered the ‘original’ profile picture (PFP) NFT. Given away for free in 2017 by creators Larva Labs, Punks really came into their own in the NFT bull run of 2021 and inspired later projects like the popular Bored Ape Yacht Club (BAYC). One of only 24 ape punks in the collection, CryptoPunk #2924 changed hands for 3,300 ETH ($4.45 million) on September 28. Secondary sales volumes continued to decline, with only $114 million traded in the week ending September 26. Volume in dollar terms has now fallen for seven consecutive weeks.
