Fri, 08 Apr 2022 11:48:36 +0000
Following on from his successful $3.1 million generating digital sneaker partnership with RTFKT, the new and upcoming generative NFT art project from FEWOCiOUS, ‘FewoWorld’ has raised $19 million in its Paint Drop NFT sale. The funds were raised through a private sale for FEWOCiOUS NFT holders, who paid $500 for each Paint unit, followed by a public sale, where Paint units could be purchased for $1,000.
The ‘Paint units’ concept in question, which is described by the 19 year old art prodigy as the building block of the FewoWorld, entails collectors buying Paint units which can then be swapped for art NFTs. To reward those most committed to the concept, the sale was also embedded with a clause that distributed trophy NFTs and bespoke FEWOCiOUS pieces to its top 50 buyers.
It is likely that many of those receiving the rewards would’ve been NFT industry whales, as reports have suggested that hundreds of the 30,198 Paint unit purchases were made by big industry actors, with one in particular purchasing 515 for (roughly) $260,000.
Despite the successful launch, the teenage art sensation is yet to release extensive details on what his highly anticipated FewoWorld project will fully entail, however what we do know is that the Paint Drop NFTs from this sale will be used to unlock rewards like ‘Canvas’ and ‘Fewos’ (a term for FEWOCiOUS art works).
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