In a single day, cereal box NFTs sell out

A new NFT collection is making headlines, Cereal Club, following the success of Bored Ape Yacht Club and CryptoPunks. There is a new trend in NFTs of images depicting small colorful cereal bowls, and we like the look of them.

Within a day of selling out the public auction, Cereal Club’s whitelist collection of 10,000 NFTs was sold out. Despite the success, the price of 1 Ethereum in the original Dutch auction was cut by 50%. That is how these auctions work: the price drops until buyers decide it’s right and jump in. The sales have been helped by this, but the hype hasn’t been dampened. A public sale was supposed to take place on 17 February. But it’s been canceled since the NFT collection of the Cereal Club is sold out. Does this indicate that NFTs are becoming hipster-friendly?

Actually, hipsters love cereal (or they used to – Shoreditch even had a cereal cafe once), but they may be on the fence about NFT. Nevertheless, Cereal Club is going to be a huge hit with NFT collectors this year. Here is what you need to know about NFTs, and also a list of the top NFT trends for 2022.

Cereal Box comes with ‘treatz’

Club members can view their unique avatar on the cover of a cereal box. That is only available to club members who own Cereal Club NFTs. In this experience, Cereal Club owners can see their art as they eat, and look inside the box to collect “treatz”. A reward they can redeem and an immersive AR experience that is unique to them.

Cereal Club’s success can be explained by its charming illustrations, but it also has to do with the fact that it operates as a club. 135 Ethereum generated from the NFT sale is being put towards web3 and art projects dear to owners. In addition, owners of Cereal Club can vote on charitable donations to be made to local charities.

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