'QWERTY' Mints Out, Up 20% In Early Trading

'QWERTY' Mints Out, Up 20% In Early Trading

Today's Art Blocks x Pace Gallery collaboration project "QWERTY" from Tara Donovan has minted out, in one of the longer Dutch auctions in recent Art Blocks history.

The project reached a minimum price of 0.263 ETH before it sold out the supply of 500 NFTs, and in the first half hour of secondary trading, the floor is up ~20 percent to 0.34 ETH.

There was some early action in the dutch auction, as the first 56 mints were promised a free signed print from the artist. With that added bonus, the first 56 mints came out well above the final price of 0.263, closer to the 0.7-0.8 ETH range. But then buyers "held the line," with the 100th mint coming near the 0.4 ETH mark and then the majority of the supply finally moving in the 0.27-0.3 ETH range.

Early speculation was that this project may mint out at a higher price point, as the only other Pace Gallery collaboration "Petro National" minted out above 2 ETH and holds a 3.9 ETH floor. That was not the case today.

The current high sale is 1 ETH, though there has been a balance of floor and above-floor buys in the first window of trading. The "QWERTY" OpenSea project can be found here.

Related Content
Lucky Trader News on Twitter
Get alerts the moment news breaks with the Lucky Trader app.