NFT artist XCOPY comes under fire for new 1 ETH Open Edition Mint
One of the most acclaimed and successful NFT performers, XCOPY is gearing up for some big sales today with its Open Edition Mint on Nifty Gateway. However, while many people are excited by the news, this sentiment is not entirely universal.
Xcopy “Max Pain” Open Edition NFT Mint on Nifty Gateway
In short, the Open Edition Mint on Nifty Gateway is part of XCOPY’s latest NFT drop. the title of the collection is max pain and friendsOpen version of Mint with maximum pain NFT as the centerpiece.
To explain, an open version is when there is no limit on the number of NFTs available in Mint. Rather, minting occurs in a limited time frame. In other words, people can mine as many NFTs as they want while the mint is open. The “MAX PAIN” mint will be open for 10 minutes on March 24 from 6.30 PM to 6.40 PM.
Notably, the XCOPY Open Edition NFTs are 1 ETH Epic. To be sure, this is a hefty price tag for an NFT mint (1 ETH is roughly equivalent to $3100 at the time of writing). With that said, XCOPY is undoubtedly one of the most acclaimed, and expensive, NFT performers in the space today.
For example, the cheapest verified XCOPY NFT on OpenSea – from the artist after burn The collection is listed at – 6.69 ETH. To say nothing of the fact that only a small fraction of XCOPY NFTs is listed for sale.
As a result, many on Twitter noted that the unlocked version could be the best chance for them to own XCOPY NFT. Nevertheless, some speculated on the 1 ETH price tag for the XCOPY open version.
What problems do people have with collections?
In addition to the 1 ETH mint price for XCOPY’s maximum painOf course, the most common issue people expressed on Twitter seemed to be the open version factor. In short, people are concerned about the open version leading to a large supply, thus affecting secondary market prices. Of course, while many people are excited to hold the XCOPY piece longer, there are always those who want to make a quick flip.
As shown above, @cryptoartcollec was the one to criticize the open version of XCOPY. They suggest that collecting 10K pfp may be a better way to release new XCOPY NFTs. What’s more, the influencer said with a tweet,
“Bullish because I know it will mint more than 5k, but sad because I expected more creativity at this point.”
There was a good mix of people in response to both agreeing and disagreeing with the tweet. In addition, there were several tweets mainly lamenting the use of the Nifty Gateway platform.
XCOPY actually responded to the tweets, saying, “I’ve only learned that people are inspired by ‘Open Edition’.”
Needless to say, XCOPY is likely to face some criticism. In any case, regardless of how they feel about the open volumes, one cannot question XCOPY’s position in the space. Anyway, it looks like the mint will go down in the form of another win for the artist.
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