"TRADEMARK" by Jack Butcher Sells Out in 4 Minutes, Nets 621 ETH

Jack Butcher's debut generative art collection, "TRADEMARK," swiftly sold out in just 4 minutes, earning 621 ETH ($1.26M) through minting alone. Of the 10,000 editions, 8,999 were available for public purchase during the precisely timed 24.304-minute release. An additional 1,000 were distributed free to Velocity Pass holders. Despite the '1 per tx' limit, heavy botting and high gas fees spoiled the party for the minters.

About TRADEMARK: Jack Butcher's First Generative Art Collection on Art Blocks Engine

"TRADEMARK" represents Jack Butcher's entry into generative art, blending his artistic vision with the energy of auto racing. The collection's timed release at 2 pm UTC for 24.304 minutes is tied to Oracle Red Bull Racing's 2023 season's cumulative fastest lap times, excluding Las Vegas and Abu Dhabi GP laps.

Public minting was priced at 0.069 ETH, with Velocity Pass holders receiving one NFT per pass for free. The mint took place on Bybit.

The collection's cap of 10,000 mints, with 8,999 available to the public, has quickly made waves.

Within 30 minutes of launch, the trading volume exceeded 270 ETH, and the floor price more than doubled to 0.16 ETH at the time of writing, showcasing the immediate impact and demand for "TRADEMARK."

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