Cereal Club has announced that its genesis NFT collection has officially sold out. Just 24 hours after selling out the public auction, the project officially concluded its Whitelist sale and minted all 10,000 NFTs in the collection on February 17, 2022.
“All of the support from our incredible community has humbled us,” says Sako Waves, the project’s co-founder. “They are at the heart of this project, and we are looking forward to what this year has in store for everyone.”
The Cereal Club team reduced the price by 50% to make the project more affordable to the community. The project was originally announced as a Dutch auction starting at a price of 1 Ethereum.
The project held a 24-hour Phase 2 sale the next day to allow the 2,500 whitelist members to mint their Cereal Club NFT.
The Phase 3 public sale was supposed to take place on February 17th, 2022, but it was scrapped because the collection had already sold out.
Following the mint, the Cereal Club team published a Medium article outlining the project’s next steps.
After surpassing $50 billion in market size in 2021, the NFT market is poised for a record-breaking year in 2022, with several projects breaking records at the start of the year.
The Cereal Club is a group of people dedicated to empowering web3 across the NFT ecosystem. Its art collection includes 10,000 different cereal bowls, each with its own flavor and characteristics.
