Digital IP entertainment company IPX, formerly known as LINE FRIENDS, has announced the launch of its PFP (Profile Picture) project, “WADESIDE,” in collaboration with CRIPCO, a global blockchain and NFT company.
The launch of this project marks a significant milestone in the convergence of authentic intellectual property (IP) activities and the exponential growth of non-fungible token (NFT) values.
Since the launch of the WADE F&F membership NFT in September 2022, IPX has strategically nurtured a strong relationship with NFT holders, showcasing WADE’s prowess as a digital artist.
Despite market fluctuations, the NFT prices have soared, reaching approximately 240 times the initial minting price by January 2024, demonstrating the tangible impact of authentic IP activities on NFT value growth, even amidst challenging market conditions.
The WADESIDE project, built on the Ethereum blockchain and featuring 13,333 profile picture (PFP) NFTs, introduces an innovative INO (Initial NFT Offering) system which includes a bucket auction sales method targeting both corporations and the public, scheduled weekly throughout the year.
The project aims to maximize the value of WADE’s digital artist identity in both Web 2 and Web3 spaces, fostering collaborative growth between the IP and its fans.
WADESIDE Garners Massive Interest During Presale
Furthermore, The project’s pre-sale, conducted via a private auction from February 22 to 27, witnessed unprecedented participation from global Web3 giants such as Animoca Brands and Phaver, resulting in record-breaking amounts raised. WADESIDE has garnered significant anticipation, being hailed as ‘one of the most anticipated PFP projects of the year’ by prominent NFT alpha groups and communities, even prior to its launch.
In addition to the WADESIDE project, WADE has forged impressive collaborations with high-end fashion brands like PEACEMINUSONE and Valentino, solidifying his influence in both virtual and real-world settings.
WADE’s diverse engagements include hosting pop-up events for WADE F&F holders, showcasing works at prestigious exhibitions, and serving as a digital ambassador for notable brands like Sneakers Unboxed Seoul.
Nonetheless, IPX has emphasized that its NFT business extends beyond mere profit generation, serving as an integral component of its IP strategy for sustainable growth. By expanding WADE’s influence into the Web3 space, IPX aims to cultivate a symbiotic relationship between the IP and its fans, ensuring mutual growth and engagement.
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