CryptoBatz NFT soars after the death of Ozzy Osbourne
The post CryptoBatz NFT soars after the death of Ozzy Osbourne appeared on BitcoinEthereumNews.com.
CryptoBatz experienced a value increase of over 400% after the family of Ozzy Osbourne announced his passing last Tuesday, bringing the NFT collection to the forefront among digital art enthusiasts and blockchain collecting. Why did CryptoBatz NFT suddenly increase in value after the scom? The announcement of the death of the legendary frontman of Black Sabbath, Ozzy Osbourne, immediately triggered a rush for the NFTs from his official collection, CryptoBatz. The average price of the digital works, in fact, recorded a surge of over 400% in the hours immediately following the news. The phenomenon is not rare in the world of NFTs: the death of a celebrity often produces new waves of interest and collecting, pushing the trading volumes upwards. According to data collected between July 22 and 23, the average selling price for CryptoBatz began to decline the day after the peak of enthusiasm, marking a -10% and settling around 0.076 ETH on the secondary market. What is CryptoBatz NFT and why is it unique? CryptoBatz is a collection of NFT launched in December 2021, promoted as an exclusive digital artwork created by one of the most legendary rock icons. All the digital traits of the CryptoBat were indeed “creatively directed by Ozzy Osbourne,” as stated by the official site of the collection. The name CryptoBatz is a clear reference to the episode that became a myth in the career of the British rocker: in 1982, Osbourne bit the head off a real bat during a live performance, an act that has accompanied him for decades in his public image. In the NFT collection, however, “these bats live safely in the metaverse and are not edible… yet,” the site ironically states. How many NFTs are available and what is their value on Ethereum? The original offering of CryptoBatz was…
