Please check out latest news, expert comments and industry insights from Coinspeaker's contributors.
The sell-out of the Kira Genesis Collection is an indication of the high level of interest and demand for these unique assets.
On November 12th, Kiraverse, an upcoming multiplayer game being built by technology and game development company Param Labs, announced their “Kira Genesis Collection” was available for mint. The genesis collection is a digital asset collection of 10,001 sci-fi looking avatars designed by Antoni and Marc Tudsico and minted using the ethereum scaling solution “ImmutableX” each Kira Genesis being unique to itself meaning no Characters of the 10,001pc collection looks the same as one another.
Their genesis NFT sale took place as popular crypto exchange FTX was facing major liquidity issues and scrutiny ultimately sending the global cryptocurrencies market into a downward spiral wiping out nearly $200 billion from the industry market cap and causing Bitcoin (BTC), the world’s largest cryptocurrency to fall over 20% with smaller cap coins following its lead.
The sell-out of the Kira Genesis Collection is an indication of the high level of interest and demand for these unique assets. Their upcoming BETA release is set to go live before the end of the year and will be available for PC gamers worldwide to play.
The conclusion of the genesis collection sell-out comes less than two months after Param Labs released their “Eva & Nate” collection created in collaboration with Gamestop (GME) bringing in over $800k in primary sales alone in just over 24 hrs in total banking nearly $2.5M between both collections to go towards the development of the game and proprietary tech Param Labs is working on.