What Is Hashmasks and Why Is It Different?

2021-03-05 06:26:37 · 453 views · 3 min read

 

Launched for less than 30 days, in total, Hashmasks has raised over 7,600 ETH worth about $10M from its recent sale. Its 30d volume of $13.53M ranks No.4 among all marketplaces. It becomes one of the leading dapps in Ethereum marketplaces.

(The black dot line represents NCT token price.)

 

 

You can see the on-chain volume hit a peak at the end of January, right during the sale. The highest daily volume was $4.32M on 31st Jan.

 

 

So what makes Hashmasks different from other NFTs?

 

 

Hashmasks introduces a combination of digital art and collectibles with a value hierarchy determined by both the creator and the consumer of the artwork. The control over the rarest of all traits – the name – is given to the full extent to the consumer. Yes, you can customize the name of your mask NFTs.

For example, popular names that have already been taken are Trump, china, usa, love, covid19, etc.

 

 

By holding the artwork, you accumulate the project’s utility token, Name Changing Token (NCT), on a daily basis. Naming is commoditized via the NCT token, which can be interchanged with other participants of the artwork. Each name is unique and can only belong to one NFT. So you are not simply buying a piece of rare art from Hashmasks. You are part of the art piece. The smart contracts allow you to assign a name to your Hashmask, giving you the ability to add your unique stroke to the canvas. And your NFT can serve as your digital identity. 

There is a total of 16,384 unique Hashmasks. Each of them is created by a combination of several different artists. They have varying masks, eye colors, items and other attributes. Now the sale has ended. 

 

 

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