Wednesday, June 19, 2024

Tyler Hobbs’ NFT Project Records Popularity Surge.

Tyler Hobbs’ generative Ethereum NFT project Fidenza has seen a sudden rise in popularity over the last couple of days. A wallet scooped up eight Fidenzas for nearly $1 million. Fidenza Bot, an automated Twitter bot that scans OpenSea for Fidenza sales, flagged a series of back-to-back purchases. There were three transactions within 12 minutes. It totaled 280.50 ETH, about $356,294; the tokens had an average price of 93.50 ETH.

The NFTs were bought by the same wallet 808450 for much higher than their previous sales. Reports highlighted the transactions. This boosted Fidenza’s market cap to 90,609,30 ETH (around $121 million) and helped raise its floor price to 94 ETH (around $116,154). On Thursday morning, three more NFTs were purchased by the same wallet within 17 minutes. Each sold for at least 98 ETH (around $125,244). Another wallet 808450 purchased Fidenza #136. The buyer ended up with $910,271 worth of Fidenza NFTs.

It’s unclear what led to the sudden surge of interest in the algorithmic-based art project. One user, Jollytime.eth, said the NFTs may have been purchased by an investment firm linked to Leslie Alexander who is a successful bond trader and the former owner of the Houston Rockets. He also highlighted that Darly Morey, former general manager of the Houston Rockets, is major crypto and NFT advocate.

Thanks to the latest transactions, Art Blocks – the Ethereum-based NFT creation platform behind Fidenza now ranks above other popular NFT collections, including Doodles and CryptoPunks, in terms of sales volume.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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