📢 The ProPicks AI strategy to watch when Tech rally slows down. It did 2X the S&P in July!Unlock AI Insight

Pokémon NFTs Arrived on Polygon (MATIC) Blockchain

Published 2023-09-21, 10:35 a/m
© Reuters.  Pokémon NFTs Arrived on Polygon (MATIC) Blockchain

U.Today - Developed by Courtyard, NFT cards of legendary anime Pokémon kicked off on Polygon (MATIC). Enthusiasts purchased them all in seconds and sent the floor price to the roof in the first hours following the start of the sale of digital collectibles.

Pokémon NFTs sold out on Polygon (MATIC), floor price rallied by 10x

The two-phase sale of Pokémon Cards on Polygon (MATIC) blockchain finished successfully: 175 cards were claimed by NFT enthusiasts in a couple of seconds. Besides USD Coin (USDC) stablecoin, the organizers accepted fiat money from credit cards, as explained by digital asset analyst S4mmy.eth.

Actually, the participants of the token sale purchased "Mystery boxes," i.e., standardized virtual packs. Each of them gave its holder a chance to receive one of any of the predisclosed Pokémon-themed cards.

The analyst indicated that the launch looked not unlike the lottery ,with "Rollbit-style loot boxes, but for existing RWA collectibles." The purchasers are able to open the pack in 24 hours, while in 48 hours, all packs will be opened automatically.

This design unlocks new opportunities in the sphere of physical and digital collectibles trading, S4mmy.eth says. As a result of strong public interest, the floor price for "closed" packs jumped from $5 to $50 in no time.

Also, luxurious 2000 Base Set booster boxes — super-rare tokenized collectibles from this drop — are valued at over $15,000 each, as demonstrated by the analyst.

Polygon (MATIC) becomes go-to NFT blockchain

Polygon (MATIC) cofounder Sandeep Nailwal welcomed the success of the collection inspired by the legendary 2000s anime series:

Recent weeks were particularly fruitful in terms of NFT accomplishments for Polygon (MATIC). In August, it managed to surpass Solana (SOL) to become the second most active blockchain for .

Also, it scored a partnership with the to issue NFTs for its marketing program. Online shopping platform also releases NFTs on Polygon (MATIC) for its customers.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.