Meebits #17522 NFT Sale officially shattered the records of the Meebits Collection. It is now the most expensive Meebits in the Collection with a 1000 ETH or $2.1 Million price tag on OpenSea.
New Record: Meebits NFT Sale
Meebits is the third project of Dapper Labs, the creators behind CryptoPunks. There are 20,000 unique Meebits which are 3D voxel characters. Meebits created by a custom generative algorithm then registered on the Ethereum blockchain.
The million-dollar sale comes as a huge surprise for the Meebits collection. At the time of writing the current average price for a Meebits NFT is 4.45 ETH. Furthermore, The second most valuable Meebits is valued at 53 ETH. So the record-breaking sale is definitely an outlier by a long shot.
This Meebits sale followed a record sale on the Cryptopunk NFT platform where Cryptopunk #1886 was sold for 451 ETH (about $1.07 million) when the average sale of NFTs on the platform is about 16 ETH.
Meebits raised $75,000,000 in primary sales within approximately 8 hours of its launch so this sale proves that the project hasn’t lost its momentum.
Meet Meebits #17522
Meebits #17522 falls under the “Type Pig” category which represents 4% of the total supply. The character is a pig voxel with bald hair and a black backward cap. The rarity of this Meebits lies in its wearables because only .5% has the CGA shirt while 2% have the leather jacket. The regular pants are a bit on the high spectrum at 16%. Meanwhile, the neon sneakers sit comfortably at 4%.
In the Meebits world, type is the first level of uniqueness. There are 7 different types in total which is considered to be the key element in valuing Meebits. The rarest are Double Pig (1) and Dissected (4). Out of 20,000 finite, Meebits #17522 is ranked #1 in terms of rarity.
Traits like wearables are the second layer of uniqueness to a Meebit. While the type of Meebit has the biggest impact on their value, the number of traits sure impacts the price. For now, the key drivers of Meebits value are their type, trait counts and trait scarcity.
Meebits Project
The most recent update of the Meebits Project is the availability of the Full Transaction History. The transaction history includes a summarized historical list price and bids across both the integrated market and OpenSea. Moreover, it also shows proposed trades and current status. This means that Price history, transaction dates and minting date of the Meebits are now a click away from the collectors.This feature makes it easier for collectors to trade their Meebits and for potential buyers to come in and the NFT sale proves its effectiveness.
Larva Labs’ brand value contributed to the successful launch and why the NFT Collectibles was well received by the community. Anyone who had Larva Labs’ previous NFTs, CryptoPunks, and Autoglyphs, were eligible to mint Meebits without buying one. The rest had a chance to purchase the NFTs for around 2.5 ETH.
Despite the high starting bid, Meebits raised $75,000,000 in primary sales within approximately 8 hours of its launch so this sale proves that the project hasn’t lost its momentum.
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This article is educational material.
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