The extremely successful launch of Lucréce’s open edition collection has resulted in a tremendous price pump for his notable “Des Monsters” collection. The release of Proceed w/ Caution, his first open edition, has undoubtedly taken the space by storm. Here’s what you should know:
About Lucréce’s Proceed w/ Caution Open Edition Collection
On January 18, 2023, DesLucréce, the prominent Norwegian-born Vietnamese artist, launched an open edition. The open edition titled “Proceed w/ Caution” minted for 0.06 ETH each and was deemed a hit since its inception. Further, 8,408 items brought in 504 ETH ($818K USD) in 15 minutes. Its worth noting that 3084 items were minted in just five minutes of the open edition launching.
The collection reached a floor price of 0.65 ETH before hitting its current price of 0.42 ETH. In the past 7 days, the collection’s volume has increased by 597%, resulting in 2,554 ETH of total secondary volume.
What Effect Did this Have on DesMonsters?
The launch of Lucréce’s new collection has put his work in the hands of people who couldn’t afford his work. This grew his audience, which subsequently created more demand for his pieces. Additionally, his most famous collection, DesMonsters, saw a significant floor price increase after the launch of the open edition series. The collection of 58 NFTs has seen a 498% gain in volume and a 78% gain in its floor price in the last 7 days. It is currently sitting at a floor price of 28.88 ETH at the time of writing this. Additionally, the new open edition collection triggered a new all-time high sale of 20.75 ETH ($34,149 USD) for the DesMonsters collection.
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