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The Owls NFT project has had a real mess since the project was marked last Friday. The collection had an impressive volume of 9,200 eth, and the floor price peaked at 0.45 eth over the weekend. So, what is behind the success of the Owls?
First, the artwork is great. It is ASCII Art (think pictures made of dashes, brackets, letters, etc…) in the form of 10,000 unique colorful owls. The project used 90,000,000 possible combinations to create each owl during the embossing process, an impressive display of coding skills and a nod to the art community on the chain.
The collection began appearing on NFT tracking sites Friday evening as NFT collectors rushed to get in on the free coin. In addition, many well-known NFT Twitter accounts tweeted positive comments about the project, complimenting the project’s simple yet sweet aesthetic.
The Owls NFT project seems to have created a new meta in NFTs. For example, there are now at least a dozen spin-off projects featuring other animals made from ASCII art, Foxes and Cats in particular both saw decent volume over the weekend.
Rei Nicolas, a software engineer and self-described NFT enthusiast, created the Owls NFT project. He tweeted that the owls were getting more attention than he ever expected. As a result, Rei builds more on the collection than he originally intended. The market reacted positively to this news and, together with his dox, contributed to the project’s rise to the top of the OpenSea ranking.
The Owls even caught the attention of Jack Butcher, Web3’s current boyfriend and creator of the Checks project. On Sunday, Jack Butcher tweeted a picture of a 3D owl made up of Jack’s iconic chin. A nice tribute and an instant touch of credibility for owls.
With attention from the NFT space and support from leading Web3 personalities, the Owls NFT project is well positioned to join the “Hoo-Hoo’s” of leading NFT projects.
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, do your own research before making any kind of investment.