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We've sold out of blind packs of HashMasks, so what else can you do to get involved?

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Many people miss the opportunity to buy blind boxes in the primary market in the hesitation, this article is not as investment advice, please pay attention to the risks.

Cryptopunk, which was born in 2017 and was given away to 10,000 community members in the form of a blind box airdrop, now sells for as much as 605ETH (about $747,000) on the secondary market. NBA Top Shot, which was born in June 2020, can buy a blind pack for only $9 to $230. Moment's highest sales are currently $100,000, and a pack contains between three and 10 cards. On January 30, 2021, Boss Logic, a famous digital artist, released eight pieces of crypto art NFT in the form of a blind box for a mere $300. Now, just three days later, the list price of the eight pieces has risen to between $400 and tens of thousands of dollars.

NFT projects that combine blind boxes have always been able to ignite market sentiment, and recently, another NFT blind box project has become popular.

According to BlockBeats, on Feb. 2, NFT's blind box project Hashmasks sold out in the first five days, with a total of 16,384 NFTs sold, generating primary market revenue of 10,243ETH, or $14.34 million.

HashMasks is a new NFT Blind Pack item, similar to Cryptopunk, except this one requires purchase and you won't know what the NFT looks like until you buy it. Each Hashmasks also has a variety of ingredients, including character, mask type, eye color, skin tone and more. Different elements also have different rarities. Hashmasks are sold using a Bonding Curve, which means that as the number of NFTs left gets smaller and smaller, the number of NFTs not sold will become more and more expensive, from 0.1 ETH initially up to a maximum of 100 ETH. NCTs can be accumulated by holding NFTs, and the total amount of NCTs is limited. The tokens used in each naming process will be destroyed.

In just five days, all of HashMasks' NFT blind packs sold out and the project has sparked discussions with NFT enthusiasts around the world. Someone came in early on, and as the heat of the project grew, the assets multiplied several times; Some people joined in the middle of the release and have now paid back their money. Some people bought the last three NFT blind boxes at a high price of 100ETH each.

However, more people in the hesitation to miss the opportunity to buy a blind box in the primary market.

About the correct way to open the NFT+ blind box, Rhythm has been discussed in depth in another article, which can be read:How does NFT+ Blind Masks actually play with $14 million in sales in just five days?"

Here are some other ways you can get involved with the project if the HashMasks box is sold out.

1. Blind box purchase in the secondary market

The first method is to go to the secondary market to buy blind boxes. As of press time, there are still unopened boxes for sale on OpenSea, with the lowest price currently being 1.23ETH.

That's several times more expensive than the price paid by early players, but it's a bargain compared to the average price of 1.94ETH for HashMasks on OpenSea.

2. Direct purchase of NFT in the secondary market

The second option is to buy NFTs directly on the secondary market.

There are currently a large number of NFTs for sale on OpenSea that other players have opened the blind box to get.

When selecting, the rarity of each part of the NFT can be viewed in the commodity details section of the OpenSea, and higher rarity often indicates higher value.

Each NFT has different attributes

In addition, Hashmasks are unique compared to other NFT projects because the name is a big factor, and a good name can add value as a work of art. And because the name cannot be repeated, it also gives NFT a higher rarity.

For example, Hashmask No. 1, sold at the high price of 97.2307 ETH, is named "Trump" but contains elements like "Chinese facial mask" and "black skin".

If you think you are good at naming names and your name can bring more value to the NFT, you can choose to buy the NFT without a name or you think the name is not good, and change your name.

3. Trade NCT tokens

The NCT token is a homogenized token used to name the NFT and can be traded on Uniswap. Due to the limited number of NCT tokens and the use of a deflationary mechanism, each named token is destroyed. In addition, at present, a large number of NFTs are not named, and many people give the name of NFT relatively hasty, there may be a lot of people after the purchase of NFT to change its name, NCT token practical demand is large.

3660 NCTs will be produced per NFT per year, and 1830 NCTs will need to be destroyed once the name is changed. All NCTs will be allocated within 10 years, which means that no new NCTs will be generated after 10 years.

It remains to be seen whether it is the beginning of a boom or a peak. FOMO sentiment can drive NFT prices to new highs, but when the market calms down, it will likely be difficult to sell and cash in due to the poor liquidity of the NFT.