‘WADE F&F’ price shoots up 150-fold, demonstrating power of CRIPCO’s next set of NFTs

• Global community responds enthusiastically to CRIPCO’s first NFT project, WADE Friends & Family, which sold out of all 2,100 units within hours of release
• Floor price rose 150-fold and ranked 1 in 24-hour trading volume, demonstrating the project’s popularity and potential of the blue chip NFT
• Realizes CRIPCO’s IP 3.0 Hub vision by setting affordable minting price and 0% creator royalty to promote and expand access to IP NFTs
• Growing interest in CRIPCO’s NFT lineup, including second NFT project ‘OOZ & mates’ and partnership with global fashion label

SEOUL, South Korea, Sept. 19, 2022 /PRNewswire/ — Global blockchain NFT company CRIPCO has successfully minted its first NFT project ‘WADE Friends & Family’ (WADE F&F), which has generated a tremendous response from the global NFT community. The company’s second project with IPX and upcoming partnership with global fashion labels are now raising expectations for CRIPCO’s next IP 3.0 business.

CRIPCO’s ‘WADE F&F’ NFT sold all of the minted 2,100 NFTs on the day of launch through Magic Eden’s Launchpad on Sep. 15. A social media shoutout by SOLANA’s co-founders and the announcement of the WADE X PEACEMINUSONE partnership increased the project’s popularity ahead of minting; a whitelist competition on the Discord community recorded a whopping 280:1 ratio, and the provision of whitelist spots for IP3 token holders listed on FTX also received enthusiastic responses from users.

Due to competitive minting, the project sold out almost instantly and ranked first in 24-hour trading volume on OpenSea(Solana NFT) and first on Magic Eden marketplace. In particular, the secondary market floor price reached over 75 SOL, a 150-fold increase over the minting price of 0.5 SOL, demonstrating a potential for growth as a blue chip NFT. The membership NFT uses the virtual artist WADE’s IP created by IPX (formerly LINE FRIENDS) and KB LEE, and offers not only the charm of IP, but also competitiveness and a range of exclusive holder benefits, including fashion brand raffles in collaboration with CRIPCO DAO members.

‘WADE F&F’ holders, who have become friends and family of the virtual IP WADE, will own Web3 membership passes, and will benefit from CRIPCO’s diverse portfolio of IP assets and partnerships with its DAO members made up of global brands and creators. WADE PFP, which is scheduled to release later this year, will provide a 1:1 airdrop, a whitelist of upcoming projects, and guaranteed raffle tickets to extremely rare and limited fashion collaboration NFT projects.

CRIPCO set the minting price of ‘WADE F&F’ at 0.5 SOL (USD 17) or 21 IP3 (USD 11), a reasonable price considered by the community. Furthermore, creator royalty is set at 0%, providing a user-friendly environment, reducing secondary sales cost. With its close network with various IP business partners, CRIPCO has the ability and competitiveness to stably carry out projects by presenting an IP NFT…