PhantaBear NFT is dubbed “Asia’s answer to the cryptoPunks”. Here’s why

Within the final 24 hours, no NFT undertaking has performed higher than PhantaBear. This new NFT assortment solely launched on January 1st, and now because of some distinctive endorsements, it’s topping the OpenSea Charts.

In reality, because it stands, the worth of a PhantaBear NFT now stands at over ten instances the mint value of .26 ETH. Might we be witnessing the rise of a brand new CryptoPunks rival?

Screenshot of Opensea volume date for last 24 hours in which the PhantaBear NFT collection is top
PhantaBear continues to dominate the OpenSea charts with over 17,684 ETH buying and selling quantity within the final 7 days.

Main Asian celebrities are endorsing the undertaking. These embrace Taiwanese pop star Jay Chou, Canadian born Hong Kong actor Edison Chen and Singaporean singer-songwriter JJ Lin.

Jay Chou is likely one of the greatest promoting artists in East Asia. The well-known artist, often called the ‘King of Mandopop’, has offered over 30 million data. Edison Chen is a well-known actor, musician and entrepreneur. JJ Lin is an award-winning musician adored by hundreds of thousands of followers. In latest days, all three have been selling PhantaBear NFTs to their Instagram followers, a mixed 15 million folks.

What’s the PhantaBear NFT assortment?

Jay Chou’s PHANTACi and Ezek personal the PhantaBear undertaking. PhantaBear is a group of 10 thousand NFTs residing on the Ethereum blockchain. The NFTs resemble cute bears with a mess of various traits and rarity ranges.

 Every NFT is an algorithmically generated digital collectible that doubles as membership playing cards for the Ezek Club. The web site states that “The ten,000 distinctive Phanta Bears function the long-lasting vogue of PHANTACi and supply wealthy on-line and offline perks that permit their homeowners to benefit from the life each out and in of the metaverse.”

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 On January ninth, it reached a brand new all-time excessive of seven.39 ETH($23,000). This can be a exceptional rise contemplating that the day earlier than, on January sixth, the typical value was nonetheless under 1 ETH.

In the meantime, the rise in quantity is sort of definitely instantly attributed to the associated Instagram posts, as many are eager to emulate their idols and assist their pursuits.

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