The highly successful launch of Lucréce’s Open Edition collection generated massive price infusions for his popular “Des Monsters” collection. Proceed w/ Caution, their first open source release, has no doubt taken the space by storm. Here’s what you should know:
About the Proceed w/ Caution Open Release Collection by Lucréce
On January 18, 2023, Delocris, the Norwegian-born prominent Vietnamese artist, has released an open-ended version. The open edition titled “Proceed w/ Caution” was minted for 0.06 ETH each and has been considered a huge success since its inception. Moreover, 8,408 items worth 504 ETH (818 thousand USD) were fetched in 15 minutes. It should be noted that 3,084 pieces were minted in just five minutes when the open version was launched.
Moreover, the group reached a minimum price of 0.65 ETH before reaching its current price of 0.42 ETH. In the past seven days, the block volume increased by 597%, resulting in 2,554 ETH in total secondary volume.
What effect does this have on DesMonsters?
The launch of Lucréce’s new collection put his business in the hands of people who could not afford his work. This increased his audience, which led to an increase in demand for his works. To be exact, his most famous group, the DesMonsters, saw a massive increase in floor prices following the launch of the Open Edition series. The group of 58 NFTs has seen a 498% increase in volume and a 78% increase in the lowest price in the last 7 days. It is currently sitting at a floor price of 28.88 ETH at the time of writing. In addition, the new open betting pool triggered a new all-time high sale of 20.75 ETH ($34,149) for the DesMonsters group.