{"id":357528,"date":"2021-10-25T08:06:46","date_gmt":"2021-10-25T05:06:46","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/buyers-shell-out-7m-for-unseen-nft-collection\/"},"modified":"2021-10-25T08:06:46","modified_gmt":"2021-10-25T05:06:46","slug":"buyers-shell-out-7m-for-unseen-nft-collection","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/buyers-shell-out-7m-for-unseen-nft-collection\/","title":{"rendered":"# Buyers shell out $7M for unseen NFT collection"},"content":{"rendered":"

“# Buyers shell out $7M for unseen NFT collection <\/strong>”
\n<\/p>\n

Nonfungible token (NFT) investors have poured $7 million into a dutch auction that sold 50 tokens conferring ownership over digital artworks that will not be minted until December.<\/p>\n

Tyler Hobbs, the artist behind the popular NFT series<\/a> Fidenza<\/em>, will launch<\/a> 100 one-a-kind digital artworks in his latest collection Incomplete Control<\/em> at the New York City-based Bright Moments gallery from Dec. 9 to Dec. 13.<\/p>\n

On Oct. 22, Hobbs\u2019 fans contributed 1,800 ETH (worth more than $7 million) in exchange for 50 of 100 \u201cGolden Tokens\u201d that grant its holder ownership rights to one of the artworks slated to be minted during the event. Each of the tokens features a number between one and 50 that corresponds to a specific artwork from the collection.<\/p>\n

The Golden Tokens were sold via a dutch auction hosted by Mirror Protocol that lasted just 90 minutes. The tokens were initially priced at 500 ETH each, with the price scheduled to decline by non-linear intervals every 5 minutes until reaching a floor of 5 ETH. All 50 tokens were sold at prices of between 30 Ether (roughly $120,000) and 80 Ether ($320,000) each.<\/p>\n

Nonfungible token (NFT) investors have piled $7 million into a dutch auction that sold 50 tokens allowing buyers to mint digital artworks they have not seen.<\/p>\n

\n

did a thing today <\/p>\n

congrats @tylerxhobbs<\/a> and @brtmoments<\/a> on raising ~1,800 ETH for NFT tickets redeemable for IRL mints <\/p>\n

also s\/o the entire @viamirror<\/a> team across protocol, product, design, data, growth, etc. for shipping a dutch auction protocol + UI in a week pic.twitter.com\/nfSxhmPlM6<\/a><\/p>\n

\u2014 p.mirror.xyz (@patrickxrivera) October 22, 2021<\/a><\/p><\/blockquote>\n