Infinex NFTs top $40M sales in first four days, despite NFT bear market

Despite a broader downturn in the NFT market, Infinex's Patron NFT collection has achieved remarkable success, surpassing $40 million in sales within its first four days. This surge comes during a time when blue-chip NFT collections like CryptoPunks and Bored Ape Yacht Club (BAYC) are experiencing significant price drops, with valuations down over 74% from their peaks.

Infinex, a non-custodial platform for onchain protocol and decentralized applications, has also seen its total value locked (TVL) exceed $150 million, fueled by the success of its "launch season" and attracting significant interest from major investors such as Framework Ventures and Wintermute. The Patron NFTs, offered in three tiers ranging from $1,250 to $5,000, have sold over 74% of available units with six days remaining in the sale.

This success is notable against the backdrop of a bearish NFT market, signaling that niche collections and innovative platforms like Infinex may still have the potential to attract substantial investment even in challenging market conditions.

#Web3.0 #NFT #Blockchain #Crypto #Cryptocurrency #AI #Metaverse #OpenSea #AR