CryptoBuxx NFTs, the first crypto-based asset-backed Non Fungible Tokens, announces a repricing and relaunching of its collection on OpenSea at https://opensea.io/collection/cryptobuxxnft.
“Because the price of CryptoBuxx NFTs are tied directly to the prices of the cryptocurrency it includes, they will only be available for sale for a three day window before expiring and having to be repriced again,” said William Rice, Founder of CryptoBuxx. “Since each CryptoBuxx NFT includes real crypto, the price of the NFT is the cost of the crypto plus the makers fee. As a price of crypto changes, so does the price of the NFTs.”
CryptoBuxx NFT Next Offering
The next offering will begin on Thursday, April 21st at 12:00 EST.
Any CryptoBuxx NFT that has already been sold, will not be affected.
CryptoBuxx has also lowered the maker fee for its NFT Collection to 1% from 2.5% for this next offering.
QR Codes Corrected
In the initial offering, several NFTs were reported to have bad QR codes and would not provide the value of the crypto when scanned. This issue has been identified and corrected so all NFTs can be scanned to see their status and crypto value.
CryptoBuxx NFT Overview
CryptoBuxx NFTs are different than most other NFTs because they include a downloadable digital gift certificate that can be redeemed for the face value of the NFT. For example, CryptoBuxx Bitcoin NFT # 103 has a face value of 1 Bitcoin and contains a gift certificate that can be redeemed for 1 BTC at any time. This immediately provides a floor value to the NFT because of the value of the underlying crypto currency. As the price of the underlying currency rises, so should the value of these NFTs.
There are 11 main Cryptocurrencies in the collection: BTC, ETH, ADA, DOGE, SHIBA, SUSHI, DOT, SFM, AXS, HNT and HAPPY.
Each CryptoBuxx NFT contains a downloadable digital gift certificate that includes a 256-bit encrypted serial number along with a security code that are required for redemption. A QR code on the artwork allows the owner easy access to the CryptoBuxx website for redemption or to check the current value of the underlying crypto.