Creator and podcast host Tim Ferriss launched an NFT-driven fiction undertaking known as The Legend of Cockpunch.
The preliminary mint offered out, with secondary gross sales since topping $3.3 million price of ETH.
“The Legend of Cockpunch,”—an Ethereum undertaking co-created by standard writer and podcast host Tim Ferriss—is at present’s huge NFT market winner, parlaying a sold-out mint into secondary market demand that has pushed the gathering to the highest of the gross sales charts.
“Cockpunch” is billed as an “emergent lengthy fiction” undertaking from Ferriss, the writer of “The 4-Hour Workweek” and different bestsellers, and it spans 5,555 photos depicting anthropomorphized rooster characters, every with varied traits and weapons. Every NFT was priced at 0.3 ETH (about $370) on the time of mint earlier at present.
All informed, the first sale—which passed off by way of Premint’s new minting platform—yielded simply over $2 million, with all proceeds going to the writer’s personal Saisei Foundation. The inspiration funds analysis into therapies associated to psychedelics, life extension, psychological well being, and extra.
Because the sale, secondary market costs have surged, with the NFTs listed at 1.4 ETH ($1,725) on main market OpenSea. They usually’re promoting, too: OpenSea’s market-wide chart exhibits about 2,700 ETH (over $3.3 million) price of secondary gross sales so far, topping established initiatives like CryptoPunks and Azuki over the past 24 hours.
The PFPs are billed as merely the beginning of Ferriss’ plans for the undertaking. In a podcast interview with Kevin Rose, tech entrepreneur and co-founder of Web3 startup Proof, Ferriss mentioned that he has written a complete first season of a story podcast that may share the lore of the undertaking’s fictional fantasy world.
Moreover, NFT homeowners can use their characters to create by-product art work and initiatives, due to a industrial rights grant. With different standard collections just like the Bored Ape Yacht Membership and CryptoPunks, holders have tapped their NFTs for issues like digital bands and supergroups, attire, themed eating places, drinks, and different merchandise.
Ferriss launched his first-ever NFT earlier this 12 months as a part of Grails, a promotion through which homeowners of Rose’s Proof Collective NFTs can mint one among a number of limited-edition art work items with out initially realizing the creators of every. Simply 60 members minted the writer’s NFT, titled “How to Start a War”—his first piece of revealed fiction.
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