The transaction volume of Owls24 hours of NFT project randomly generated on the chain exceeds US $5 million
On March 5, according to NFTGo.io data, FreeMint’s four-hour transaction volume of randomly generated NFT project Owls2on the chain reached US $5.03 million, and the NFT floor price of this series was temporarily reported at 0.37 ETH as of the date of release. The total number of Owls is 9999. Each Owls is randomly generated on the chain using pseudorandom seeds at Mint. NFT Metadata itself is also stored on the chain and is dynamically built as SVG each time token URI () is called.
Interpretation of this information:
The message highlights the massive transaction volume that was achieved by FreeMint’s project, Owls2, which is an NFT project that utilizes randomly generated tokens on the chain. The volume of transactions that took place over a four-hour period was a staggering US$5.03 million, which is a testament to the success of this particular project.
It is worth noting that the NFT floor price for this series of randomly generated Owls was reported to be 0.37 ETH at the time of the release. This indicates that there is strong demand for these unique tokens in the market.
The total number of Owls that are available in this project is 9999, and each of these Owls is generated randomly on the chain using pseudorandom seeds at Mint. This means that each token is unique and cannot be replicated or duplicated.
Another interesting aspect of this project is that the NFT Metadata is stored on the chain and is dynamically built as SVG each time token URI () is called. This means that there is no centralized database that stores the metadata for these tokens. Instead, the metadata is generated on the fly every time a user requests it.
The use of pseudorandom seeds in generating these tokens ensures that they are truly unique and cannot be predicted or manipulated. This adds to their value and makes them more attractive to collectors and investors in the NFT market.
Overall, the success of the Owls2 project is a clear indication that there is a strong demand for randomly generated NFTs in the market. The use of pseudorandom seeds and the dynamic generation of metadata adds to the uniqueness and value of these tokens, making them a desirable addition to any collection. It will be interesting to see how this project continues to evolve and how the market responds to it in the coming months.
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