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Buyer Gets a Unique Hashmask for 420 ETH ($650K)

A creepy Hashmask was recently sold for a great sum of money through the OpenSea marketplace.
Photo by Nick Chong on Unsplash

A creepy Hashmask was recently sold for a great sum of money on the OpenSea marketplace. The Hashmask—a kind of NFT-based artwork—was sold for 420 ETH, the equivalent of around $650,000 on the day of purchase.

The buyer, @seedphrase, tweeted:

The platform, created by Switzerland’s Suum Cuique Labs, offers a massive collection of over 16,000 unique digital artworks, which were created by more than 70 artists. 

Why this Particular Hashmask for $650K?

The buyer of this demonic artwork, Danny – who wouldn’t give a surname – wrote to CoinDesk in an email:  

“The mask itself 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,

“I’m particularly interested in purchasing ultra-high-end NFTs that are aesthetically pleasing to the eye and scarce.”

It seems that it was love at first sight for Danny, who said that he was “immediately” attracted to this particular artwork because of the “style”. Not only that, but he also fell in love with its unique, multiple layers of “subjective scarcity.”

“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,” Danny wrote.

Although the community of NFT has been evolving lately, Danny sees that it isn’t saturated just yet. He said:

“Knowing that I’m an early investor while also providing liquidity to artists and projects is incredibly rewarding,” 

It’s pretty insane to see these developments in crypto every single day. So, do you think it’s worth buying a hashmask for $650,000? Let us know in the comments below. And subscribe to our newsletter for more crypto news!

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