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Hashmasks Digital Artwork Sold for $650K in ETH

A rare digital artwork on the Ethereum blockchain has recently been sold for no less than 420 ETH. The NFT-based artwork was purchased for roughly $650,000 on Wednesday, February 3rd. 

The purchase took place via OpenSea, a peer-to-peer marketplace for rare digital items and crypto collectibles. 

What Are Hashmasks?

The Hashmask platform is a non-fungible token platform hosting 16,384 unique digital portraits created by over 70 artists globally. Hashmasks are living digital art collectibles that are designed to be part digital collectible and part digital art.

Founded by Suum Cuique Labs, from Zug, Switzerland, the NFT project is the no.1 collectible dApp at the moment, according to DappRadar. Hashmasks was officially launched on January 27th, 2021, and in just four days following its launch, it sold more than 15,000 Hashmasks, raising about $10 million.

A Rare Digital Artwork Featuring Mystic Attributes

The buyer shared details regarding the purchase on Twitter: 

According to CoinDesk, the buyer is “particularly interested in purchasing ultra-high-end NFTs that are aesthetically pleasing to the eye and scarce” and says that the mask “is a unique, one-of-a-kind design, and the mystical attributes – character, eye color and skin color – are present in only 0.07% of all Hashmasks.”

Danny, the artwork’s buyer, has also stated that being “an early investor while also providing liquidity to artists and projects is incredibly rewarding.”

“I also liked that there’s a transparent copyright policy that gives the owner freedom over their non-fungible tokens, whereas most NFT projects have a license that restricts the buyer from commercializing their NFT,” the buyer said.
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