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Sewer Pass NFT and its ‘sales story’ might just leave you surprised



Sewer Pass NFT and its 'sales story' might just leave you surprised
Source: Unsplash

  • Sewer Pass NFT has gathered over 7,000 ETH as the floor price gets to over $2,500.
  • Sewer Pass creator deployed the NFT with a 5% creator fee included.

The highly awaited launching of Yuga Labs’ most recent game, Sewer Pass, began on 18 January. How did the newest NFT in the ecosystem fare, and what unique twist did the developers add?

Sewer Pass to the moon?

The commencement of the minting of the Sewer Pass NFT was announced on 18 January by The Bored Ape Yacht Club (BAYC) Twitter account. Over 4,000 ETH, or more than $6 million, in total sales volume, were registered within the first few hours of the announcement’s dissemination. Additionally, according to statistics from Dune Analytics, over 1,600 of the NFTs were sold at the end of the first day of distribution.

Sewer Pass sales

Source: Dune Analytics

According to data from OpenSea, the Sewer Pass NFT has amassed more than 7,900 ETH in total as of this writing. The floor price of the recently issued NFT had also increased from the initial 1.2 ETH area at launch to roughly 1.7 ETH, or over $2,500.

Free Pass for Yuga NFT holders

Bored Ape Yacht Club (BAYC) or Mutant Ape Yacht Club (MAYC) NFT were given free access to the NFT mint. With the NFT, holders can participate in the skill-based game Dookey Dash from 19 January to 8 February.

The scores they earn will be incorporated into a larger game titled Chapter 1. The mint’s website states that there are four distinct Sewer Pass levels. BAYC and MAYC NFTs holders are placed in different tiers depending on whether or not they also possess Bored Ape Kennel Club NFTs.

No Pass on creator fees

The Sewer Passes became the subject of Twitter discussion because its underlying smart contract included a blocklist. Other prominent secondary marketplaces like LooksRare and NFTX have had some of their email addresses blocklisted.

In November, OpenSea chimed in on the heated discussion over creator fee implementation on NFT marketplaces. The NFT platform argued for the permanent implementation of creators’ fees. They offered their own solution to the fee implementation and also made it open-source.

Furthermore, the open-source nature of the enforcement code by OpenSea allowed creators to blocklist platforms with zero fees. You may also remember that BAYC’s original creators advocated for the imposition of creator fees. So, the recent events surrounding Sewer Pass shouldn’t come as much of a surprise.

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Ser Suzuki Shillsalot has 8 years of experience working as a Senior Investigative journalist at The SpamBot Times. He completed a two-hour course in journalism from a popular YouTube video and was one of the few to give it a positive rating. Shillsalot's writings mainly focus on shilling his favourite cryptos and trolling anyone who disagrees with him. P.S - There is a slight possibility the profile pic is AI-generated. You see, this account is primarily used by our freelancer writers and they wish to remain anonymous. Wait, are they Satoshi? :/

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