Feetpix is a brand new NFT artwork undertaking of, properly… pixel artwork toes, and it is presently some of the common collections on NFT market OpenSea. This issues as a result of 2022 noticed a downturn within the worth of NFTs, and daft initiatives like this fell from favour. Does this sign the return of NFTs?
Feetpix is an NFT assortment that consists of pixel artwork toes in numerous conditions and states of undress; it is foolish, bizarre… and an enormous success. This actually could possibly be 2023’s first and weirdest new NFT undertaking and remembers the heady days when a trashcan image sold for 252k and simply compares with a number of the weirdest NFTs of 2022.
Consisting of 10,000 pixel artwork photos, Feetpix.wtf (to present the gathering its full monicker) has out-performed established blue-chip NFTs reminiscent of Bored Ape Yacht Membership (BAYC) on OpenSea and is now the fifth most-traded assortment. It is big, and has coined-in 640 ETH (about $855,000) in three days since launch.
Whereas up to now such weird NFTs have discovered success by way of paying celebrities and influencers to advertise the undertaking, or making extravagant guarantees with advanced roadmaps, the creators of Feetpix are eager. You understand there’s one motive for its success… lots of people love toes.
0 Roadmap0 Promises0 Marketing0 Paid influencers1 Widespread love for toes pic.twitter.com/Z8R8BWTXFhJanuary 10, 2023
I am unable to see there being any actual use case for Feetpix, however the assortment does have the usual method to rarity. The gathering of pixel artwork toes have attributes that costume the toes in socks and nail polish, sneakers and tattoos, and a few characteristic canine poo and cigarettes (sure, actually).
The sudden rise in folks accumulating a brand new daft NFT assortment with zero use has triggered many to proclaim the NFT bear market – the downturn in worth and funding of NFTs – has come to an finish. Twitter person and collector @slushygmi wrote, “Degen szn is again child”. Extra customers are bragging of ‘loading up since 0.25ETH’, which remembers the heady days of CryptoPunks and Moonbirds.
Are we seeing a brand new rise in NFTs for 2023? Perhaps, however let’s not overlook the NFT market dropped from $25 billion jin buying and selling in 2021 by 88% in 2022 in keeping with a report at Crypto.co (opens in new tab) from final 12 months.
Because the NFT market shrank in 2022 I really discovered consolation in good initiatives launching which have makes use of or attention-grabbing concepts and creativity behind them – initiatives reminiscent of Fear City and Broadside and galleries like NFT Gallery London and the rise in NFT photography – so it appears like a step backwards for bizarre NFTs to be making a comeback.
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