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JAKARTA - The NFT digital art market recovered after Kartoon Studios successfully sold out Stan Lee's NFT collection on Monday, July 25, 2023. The success of selling NFT has also triggered the recent recovery of the Non-Fungible Token (NFT) market after declining market demand.

Kartoon Studios announced that more than 8,000 Stan Lee's NFT collection had been sold in a short time. This NFT collection is part of Stan Lee's recent 100th birthday celebration.

For additional information, Stan Lee is a celebrity comic known for his iconic works such as Spider-Man, Hulk, and Iron Man. Lee has created superheroes who are the favorites of many people. Stan Lee's latest success in selling lightning gave new hope to stakeholders in the digital asset market.

This is because the NFT market faced challenges during the crypto winter some time ago, after previously experiencing a phenomenal demand phase with a significant price increase in 2021.

Based on Stan Lee's NFT sales, Kartun Studios is estimated to have earned a fantastic revenue of US$120,000 (Rp1.8 billion) from selling 8,294 NFT items. Previously, Stan Lee's NFT price had increased by 5 times its base value (floor price). The price range of NFT in Stan Lee's collection is very diverse, with the cheapest price of around US$81 (Rp1.2 million), while the highest value NFT is priced at US$749 (Rp11.2 million).

Although Stan Lee's first-phase sales success has been achieved, details regarding the next phase of NFT sales have yet to be revealed. The rare enthusiasts and digital collectors appear to be following further developments.

Kartoon Studios' brilliant achievement provides new hope for the NFT market as a whole. Although challenges in the digital asset market cannot be ignored, the interest and enthusiasm for NFTs such as Stan Lee's collection show that unique and rare digital assets remain in demand and have potential growth in the future.


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