The Web3 platform ZTX achieved record sales of 4,000 Genesis Homes NFTs, demonstrating enthusiasm for the metaverse despite a bearish NFT market.
The Web3 platform, targeting the metaverse ZTX backed by Jump Crypto, achieved record-breaking sales of its inaugural collection of 4,000 Genesis Homes NFTs, despite the current bearish NFT market.
According to the platform’s statement, the August 30 sale quickly sold out within hours of being posted on the OpenSea platform, demonstrating investors’ enthusiasm for virtual participation in the new metaverse world.
ZTX’s collection has been well received by the community
Launched on the Arbitrum network, ZTX’s collection garnered significant participation from the crypto community, eagerly awaiting its release to take advantage of all the benefits it brings to startups.
Beleng44, the administrator of the ZTX community, pointed out that ZTX’s frequent announcements to keep the community updated on the project helped to increase the excitement among collectors, which was reflected in the successful sale on OpenSea.
“The wait for Genesis Homes took a very long time for the community. The four different districts into which the houses would be divided, the high fidelity of the 3D houses shared in teasers, and the overall positive news ZTX has been centered around for weeks have definitely sparked interest in this coin.
ZTX’s sales strategy ensured the success of the collection
ZTX’s innovative strategy of selling “premium membership cards” rather than virtual lots, as most NFT projects do, was a key factor in the collection’s success, as explained by the Chief Futurist and creator at ZTX, better known as Alexx. This approach allows them to offer free virtual land and houses to new users, while the Genesis Homes offer exclusive benefits.
“ZTX offers land and homes for free, and the Genesis Homes we sold are simply premium membership passes that later grant various benefits, such as a platinum blue check or a verified badge,” he said.
According to Julian Gropp of Parataxis Capital, all kinds of institutional investors participated in the coinage. This may have had a major impact on the increase in the reserve price of Genesis Homes, which has risen from 0.06 ETH to more than 0.2 ETH since its initial sale.
Thanks to the success of the collection, ZTX has indicated that it will focus in the coming weeks on launching its 3D metaverse application on the blockchain, which will raise new expectations among the community, collectors and institutional investors.