In a rare sign, a Stan Lee NFT collection by Kartoon Studios got sold out almost instantly on Monday, adding much needed confidence to the non-fungible token (NFT) market. In the recent times, the NFT market struggled to gain traction as demand for digital collectibles slowed down. According to Kartoon Studios, a batch of over 8,000 Stan Lee digital collectibles was sold out almost instantaneously. This was the first phase of the NFT collection on the occasion of Lee’s 100th birthday recently.
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Stan Lee, a comic book writer, is known for creating popular superheroes including Spider-Man, the Hulk and Iron Man. The latest flash sale out of NFTs gives a glimmer of hope for stakeholders in the digital assets market, which saw a decline during the crypto winter following a phase of phenomenal demand in the bull run in 2021.
Stan Lee NFT Sales: In Phases
The sale of 8,294 NFTs led to a revenue generation of $120,000 for Kartoon Studios. Earlier, the NFT prices in the collection rose by as much as 5 times. The cheapest NFT available was valued at $81 while the highest valued NFT was for $749. Meanwhile, details about the next phases of Stan Lee NFT sale are yet to be revealed.
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