The famous rock star Ozzy Osbourne passed away at 76 on Tuesday, and this has caused big moves in the NFT market, especially for his CryptoBatz collection. Fans who want to keep a part of his legacy, have been swiftly buying these digital items.
According to OpenSea, the price of CryptoBatz NFTs went up by more than 650% right after the news of his demise. It rose from less than 0.02 Ether to 0.15 Ether, which is about $548 at today’s rates.
Ozzy started the CryptoBatz collection in December 2021, creating 9,666 unique digital bats, which was his first step into the NFT world. Within 24 hours, trading for these NFTs exploded. The amount of money exchanged jumped by 100,000%, reaching $281,200, as reported by DappRadar.
This is almost 80% of the collection’s total value, which is $355,000, and the current lowest price is now $36.80. However, the recent increased interest in Ozzy Osbourne’s CryptoBatz NFTs is still not as high as when it was launched in January 2022. Back then, the average price reached a record high of over 5 ether, according to OpenSea.
Now, the most expensive item, the Megadragon bat, is listed at 99 Ether, while the cheapest one, CryptoBat #1229, costs 0.04 Ether. People in the industry think this new surge might mean the NFT market is starting to recover after being quiet for a while.
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