The revolutionary holograph-based multichain Non-Fungible Token (NFT), which could be minted on Ethereum, BNB Chain, Avalanche, and Polygon, has seen a resounding success in its initial phase. This groundbreaking NFT is the first offering by renowned artist Jasmine Monsegue, popularly known as Spacebrat.
Spacebrat’s debut NFT, entitled “Gleam”, was introduced via an open edition mint and has seen widespread acclaim, surpassing her initial expectations. The artist expressed her enthusiasm on Twitter, exclaiming, “The response to my first NFT has been outstanding with 30,762 mints in just the initial 23 hours. The level of engagement is phenomenal!”
Cannot believe planet earth minted my first NFT 30,762 times in the last 23 hours💥 you guys are on another level! check in for the last 24hrs to mint it out if you haven't already https://t.co/L7xGJbYcBC ⭐️
— spacebrat (@thespacebrat) May 10, 2023
The total mints escalated to over 300,000 by the end of the mint’s 48-hour window. This was made possible by a protocol dubbed ‘Holograph,’ provided by CXIP Labs. This protocol enables a multichain approach towards art and digital collectibles, thereby creating assets “that exist as single instances across multiple execution environments,” as stated on the protocol’s official site. Holograph currently supports Ethereum, Avalanche, BNB Chain, and Polygon, allowing users to bridge their unique digital tokens across these chains.
Monsegue’s illustrious body of work has been showcased in Vogue and Hypebeast. Her NFT piece, “Gleam,” has previously been exhibited at New York’s WHAAM! art gallery as part of her solo show, “Pipe Dream.” She has created murals for Virgil Abloh’s OFF WHITE and has been commissioned by Drake, according to a press release by Holograph. Her venture with Holograph signifies her pioneering entry into the Web3 domain.
“Gleam” is currently accessible on secondary marketplaces like OpenSea, with each blockchain having its specific page for Ethereum-based versions or those on Polygon. Initially, the NFT was available for free on Holograph’s website, where collectors could choose their preferred blockchain to mint their collectible, albeit transaction costs, or gas fees, were still applicable.
Of the total 301,798 mints, “Gleam” was minted around 203,000 times on Polygon, as per a Holograph spokesperson. This figure substantially eclipses the mints on Avalanche and BNB Chain, which were approximately 53,000 and 46,000, respectively. On Ethereum, the collectible was minted a mere 82 times. However, the number of unique wallets participating in the open-edition mint was around 164,000, according to data sourced from a Dune query. One wallet alone minted “Gleam” a total of 1,241 times, while at least 50 other wallets minted “Gleam” more than 100 times.
Compared to Holograph’s initial collaboration in April featuring Dan Witz’s “Mosh Pit 2000,” available for minting at $45 and collected 444 times, Spacebrat’s “Gleam” has seen an extraordinarily higher level of engagement.