Doodles Brings In More Than $10 Million During Genesis Boxes Auction
Doodles launched its Doodles Bucket Auction today for its newest Genesis Box NFTs and took in more than $10 million, or 10,000 ETH, during the mint.
The auction featured a mechanic that allowed for users to submit a bid above the mint's current price and receive a refund if the final price ended below the bid. For example, if a user bid 1 ETH and the Genesis Boxes sold for 0.6 ETH, the user would be refunded 0.4 ETH.
The auction ended at 7 p.m. ET with a final mint price of 0.508 ETH.
NFT trader and influencer Pranksy was the highest bidder at 290.01 ETH. The 10 highest bidders own 13 percent of the project's total supply.
More than 6,500 users bid, and 2,172 bidders did not win a Genesis Box NFT.
Genesis Boxes contain wearables for Doodles 2, the project's most recent expansionary effort. Read more about Doodles 2 here.
The current floor price on Genesis Box NFTs is 0.469 ETH. The project can be found on OpenSea here.