Queen Elizabeth Artwork NFTs Flood into OpenSea Marketplace

Within minutes of the news of Queen Elizabeth II’s demise on Thursday in the UK, non-fungible token (NFT) artworks depicting her flooded the market as many paid respect to the longest-reigning British queen. After the announcement, the prominent NFT marketplace, OpenSea, has offered thousands of NFTs, ranging from artwork connected to well-known NFT collections to images of Queen Elizabeth. Users can pick from a variety of photographs of the queen, who passed away at the age of 96 after 70 years as monarch, at RIP The Queen Official, which offers more than 8,000 digital artworks. Increase In Demand And Price Ten items from the QueenE DAO Collection got sold in the past 10 hours, nine of which sold for more than US$1,000, reflecting a rise in demand and pricing for its NFTs. The Twitter feed for QueenE DAO reads, “Rest in Ethereum, forever.” According to the NFT aggregation website CryptoSlam, the rise in sales comes after a drop in the number of unique NFT purchasers the previous month to less than 500,000 for the first time in a year. Due to a surge in Ethereum pricing in early August, total sales increased from US$650 million in July to US$730 million. Tribute On Twitter People paid their respects on Twitter with messages like “The London Bridge has fallen” and “wearing Queen Elizabeth’s dress and hat in her memory.” The London bridge has fallen. The Queen died peacefully at Balmoral this afternoon.Rest is peace your Majesty...