ZTX’s Genesis Homes NFTs Break Records despite Bearish Market

ZTX a Web3 platform dedicated to the metaverse and backed by Jump Crypto, successfully launched its inaugural collection of 4,000 Genesis Homes NFTs. This achievement is particularly noteworthy given the current downturn in the NFT market.

According to the platform's announcement, these Genesis Homes NFTs sold out rapidly on August 30th, just hours after being listed on the OpenSea platform. This quick sell-out demonstrates the high level of interest from investors who are eager to participate in the emerging metaverse world.

ZTX's collection, which was launched on the Arbitrum network, garnered significant attention from the crypto community, with many eagerly anticipating the release to take advantage of the benefits it offers to early buyers.

Beleng44, the ZTX community administrator, highlighted that ZTX's consistent communication and updates with the community played a pivotal role in building excitement among collectors, contributing to the successful sale on OpenSea.

ZTX's unique strategy of selling "premium membership passes" instead of virtual land parcels, which is the norm in many NFT projects, played a crucial role in the collection's success. This approach allows ZTX to provide free virtual land and homes to new users, while the Genesis Homes offer exclusive benefits.

Alexx, Chief Futurist and creator at ZTX, explained, "ZTX offers free land and homes, and the Genesis Homes we sold are simply premium membership passes that yield different benefits down the road, like a platinum-tier blue check or verified badge."

The minting of Genesis Homes saw participation from various institutional investors, as noted by Julian Gropp of Parataxis Capital. This institutional interest likely contributed to the increase in the minimum price of Genesis Homes, which rose from 0.06 ETH to over 0.2 ETH since the initial sale.

With the successful Genesis Homes collection, ZTX now aims to focus on launching its 3D metaverse application on the blockchain in the coming weeks. This development has generated significant anticipation and expectations within the ZTX community, among collectors, and among institutional investors.

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