Owls2 NFT Project Generates High Volume Transactions and Priced at 0.37 ETH

03/05/2023 06:05 • Digital Disruptors • 92 views

On March 5, according to NFTGo.io data, FreeMint’s four-hour transaction volume of randomly generated NFT project Owls2on the chain reached US $5.03 million, and the NFT floor price of this series was temporarily reported at 0.37 ETH as of the date of release. The total number of Owls is 9999. Each Owls is randomly generated on the chain using pseudorandom seeds at Mint. NFT Metadata itself is also stored on the chain and is dynamically built as SVG each time token URI () is called.

The transaction volume of Owls24 hours of NFT project randomly generated on the chain exceeds US $5 million

Analysis based on this information:

The latest data from NFTGo.io shows that FreeMint’s Owls2 NFT project achieved a transaction volume of US $5.03 million in just four hours on March 5. Owls2 is a series of 9999 randomly generated NFTs created on the chain using pseudorandom seeds at mint. The floor price for Owls2 was reported to be 0.37 ETH at the time of release, and the metadata for these unique NFTs is stored on the chain and is dynamically built as SVG each time the token URI is called.

The high transaction volume for Owls2 can be attributed to the rising popularity of NFTs as a tool for creators and collectors to monetize digital art, music, and other collectibles. NFTs provide verifiable ownership of digital assets, allowing for new ways of buying, selling, and trading digital goods.

The randomness of the Owls2 NFTs adds an element of excitement and uniqueness, as each one is generated using pseudorandom seeds at mint. This feature also contributes to the high demand for these NFTs, as collectors are eager to obtain one of the 9999 rare and unique Owls2 NFTs.

The use of SVG technology in the Owls2 NFT project is also worth noting. SVG is a scalable vector graphics format that allows for dynamic building of metadata on the chain. This means that each Owls2 NFT can have dynamically generated metadata, making them truly one-of-a-kind.

In conclusion, the Owls2 NFT project is a prime example of the growing popularity and potential of NFTs as a means of monetizing digital assets. The use of randomness and SVG technology adds a unique and exciting element to the project, contributing to its high transaction volume and floor price. It will be interesting to see how this project and other NFT projects continue to evolve and push the boundaries of digital ownership and creativity.

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