Stan Lee NFT Prices Rise 5 Times; Sold Out In A Flash – Crypto News – Crypto News
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Stan Lee NFT Prices Rise 5 Times; Sold Out In A Flash Stan Lee NFT Prices Rise 5 Times; Sold Out In A Flash

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Stan Lee NFT Prices Rise 5 Times; Sold Out In A Flash – Crypto News

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In a rare sign, a Stan Lee NFT collection by Kartoon Studios got sold out almost instantly on Monday, adding much needed confidence to the non-fungible token (NFT) market. In recent times, the NFT market struggled to gain traction as demand for digital collectibles slowed down. According to Kartoon Studios, a batch of over 8,000 Stan Lee digital collectibles was sold out almost instantly. This was the first phase of the NFT collection on the occasion of Lee’s 100th birthday recently.

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Stan Lee, a comic book writer, is known for creating popular superheroes including Spider-Man, the Hulk and Iron Man. The latest flash sale out of NFTs gives a glimmer of hope for stakeholders in the digital assets market, which saw a decline during the crypto winter following a phase of phenomenal demand in the bull run in 2021.

Stan Lee NFT Sales: In Phases

The sale of 8,294 NFTs led to a revenue generation of $120,000 for Kartoon Studios. Earlier, the NFT prices in the collection rose by as much as 5 times. The cheapest NFT available Valued at $81 while the highest valued NFT was for $749. Meanwhile, details about the next phases of the Stan Lee NFT sale are yet to be revealed.

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Anvesh reports major crypto updates around regulation, lawsuits and trading trends. Published around 1,000 articles and counting on crypto and web 3.0. He is currently based in Hyderabad, India. Reach out to him at anvesh@coingape.com or twitter.com/BitcoinReddy

The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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