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NFT Marketplace Fluctuations: CROWN Token Launches First NFT Collection
The CROWN Token, a Web3 platform that connects the traditional IPs market with blockchain, has announced the release of its first non-fungible token (NFT) collection. The collection will be available on the CROWN Token’s own NFT marketplace and will feature characters from an upcoming animated film.
The NFT series is based on a $15 million budget film from Hong Kong director Hernan Yau and renowned screenwriter Robert Lence, who has worked on popular films such as Toy Story, Beauty and the Beast, and Shrek. While the film is still in post-production and scheduled for release early next year, the NFT series will be open for minting on July 19, 2023.
The limited NFT series will consist of 39 NFTs, with a total of 590 mints available. Each NFT will have 15 mints, and there will also be 5 rare NFTs, each with only 1 mint. Collectors will only be able to buy the rare NFTs using CROWN Token.
In addition to the NFT collection, the top three main characters from the film will be added to an upcoming MMO role-playing game. The CROWN Token Project expects its ADOT Marketplace to experience growth in the coming years, with the utility of its token expanding as a result.
The global NFT market has seen fluctuations in recent years. During the crypto winter, the market size shrank, but projections indicate that it will expand at a compound annual growth rate (CAGR) of 27.6% to reach $342 billion by 2032. Key drivers of this growth include the use of cryptocurrencies and the rising global demand for digital art, according to a report by Market Research Future (MRFR).
In conclusion, the CROWN Token has launched its first NFT collection on its own marketplace. The NFT series is based on an upcoming animated film and will feature characters from the film. The series will be available for minting in July 2023, allowing NFT holders to be involved in the film’s creation until its release. The CROWN Token Project expects its ADOT Marketplace to see growth in the coming years as the utility of its token expands. The global NFT market is projected to reach $342 billion by 2032, driven by cryptocurrency use and the demand for digital art.
