NFT: Matrix Plus Box (MPB) Up 35% as Crypto Market Falls

Exclusive collection of NFT initiated by Maye Musk, the mother of Elon Musk, Matrix Plus Boxes (MPB) made a unique performance on the day of May 11. The value of its NFTs notably recorded a 35% increase over the entire previous 24 hours as the cryptocurrency market collapsed. Details in the following.

Prices that have been rising for 30 days

According to data from RACA Marketplace, the last amount paid for an MBP as of May 11 was 27,000,000 RACA. Five days prior, another NFT from the collection managed to sell for 19,888,888 RACA. As of yesterday’s close, the floor price for an NFT Matrix Plus Box was over 27,000,000 RACA, illustrating a steady increase in the value of NFTs from Elon Musk’s mother’s collection. Analysis of MBP’s sales history on RACA Marketplace also indicates that the RACA value of these NFTs has only increased over the past 30 days.

This increase reflects the strength of the RACA community which has fostered the adoption of RACA and the power of the entire ecosystem around the project. Indeed, RACA offers many products, including an Ethereum-based NFT platform, OpenPFP.com, the USM metaverse, and proprietary NFT collections like MPB. In the past 24 hours, there were thus more than 861,855,106 RACAs involved in a total of 4,792 transactions. According to data from DappRadarthese figures have allowed RACA’s NFT market to lead in trading volumes on BNBChain.

The Rise of the OpenPFP NFT Marketplace

Within 30 days of its launch, which took place on March 28, OpenPFP.com generated over $40 million in NFT transactions. Still referring to data from DappRadar, this trading volume places OpenPFP in the top 5 Ethereum-based NFT markets. The performance of Radio Caca’s OpenPFP is far from trivial given the current collapse of the cryptocurrency market.

Some of the most traded NFT collections on OpenPFP include Terraforms, Dotdotdot, Bored Ape Yacht Club, Azuki, and Mutant Ape Yacht Club. Apart from being a simple and intuitive platform designed for trading NFT on Ethereum, OpenPFP currently offers one of the lowest fees on the market at 1%, against 2.5% for OpenSea and 2% for LooksRare. This reduced fee will continue until July 16, when it will drop to 2%.

The Matrix Plus Box collection therefore took advantage of the rise of RACA’s NFT marketplace to record price increases while the rest of the NFT market collapsed. This widespread fall has also forced crypto investors to abandon GameFi and metaverse assets to minimize their losses.

Source : Null Tx

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Luc Jose Adjinacou

Far from having dampened my enthusiasm, an unsuccessful investment in a cryptocurrency in 2017 only increased my enthusiasm. I therefore resolved to study and understand the blockchain and its many uses and to relay with my pen information relating to this ecosystem.

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NFT: Matrix Plus Box (MPB) Up 35% as Crypto Market Falls


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