NFT platform nWayPlay, a subsidiary of Hong Kong-based blockchain startup Animoca Brands, produced and sold out a second batch of NFT digital boxes featuring “Bing Dwen Dwen,” the massively popular panda mascot of the Beijing Winter Olympics, on Thursday.
The completely sanctioned new collection includes six digital representations of the mascot participating in a variety of winter sports. Only 200 boxes, each containing three pins with unique serial numbers, were available for $349 each.
As digital memorabilia reaches the podium at the Beijing Winter Olympics, collectors and investors may now purchase non-fungible tokens, or NFTs. Collectors and investors can now buy non-fungible tokens, or NFTs, as digital memorabilia takes the podium at the Beijing Winter Olympics. Themed merchandise has been a lucrative revenue source during the Olympics, but among the pins and beanies, collectors and investors can now buy non-fungible tokens, or NFTs, as digital memorabilia takes the podium at the Beijing Winter Olympics.
According to the nWayPlay website, purchases of Bing Dwen Dwen NFTs were not available for Chinese mainland buyers due to “licencing limits,” although local media reported that some Chinese users were able to acquire them.
The value of the first batch of panda mascot NFTs, which went on sale on Feb. 11, has already skyrocketed. They were originally available for US$99 each, but are currently selling on nWayPlay’s secondary marketplace for US$349 to US$1,188.
According to Forkast’s estimations, the highest price paid for a Bing Dwen Dwen on nWayPlay’s platform was US$1,888, and the lowest was only US$3. The average price of all used sales was US$981, nearly ten times the original price.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.