This 42-year-old artist made almost $739k in a 32-minute sale of NFTs. 'I kind of freaked out,' he said:
With Rackam designing the art and the meme page boosting sales by spreading the word on digital channels like Discord, the duo sold the entire collection of 10,000 NFTs in 32 minutes after the launch on Oct. 27, 2021.
"In the first five minutes, about 2,250 of them were gone," Rackam said."But then I realized by minute eight or nine, we were more than halfway done. I started thinking, 'Oh my god, we're going to sell this thing out super hard.'" The collection was worth 660 Ethereum, which equaled $2.6 million at the time it sold . Still, Rackam's cut that day was $738,593.97."I kind of freaked out, I started screaming. I was calling people, hollering into the phone," Rackam said."I lit a cigar in the house and opened a bottle of champagne."
"The neighbors probably thought it was some kind of rager, but it was just one artist transitioning to a new medium," he added.
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