Original Title: "Takashi Murakami Launches New NFT Work '108 Flowers Revised', But Previous Smiling Flowers NFT Has Flopped"
Original Author: Joe, BlockTempo
With a mysterious whale spending $8.6 million to sweep up NFT blue chips CryptoPunks and Chromie Squiggle, the long-dormant NFT market has recently heated up again.
According to Coingecko statistics, as of July 23, the total market value of the global NFT market has surpassed $6 billion, doubling from a low of about $3 billion in April. LVRG Research Director Nick Ruck analyzed that this rebound is mainly synchronized with the overall bullish trend in cryptocurrency, also indicating that "risk appetite is recovering." He stated:
Against the backdrop of a warming macro funding atmosphere, NFT categories with artistic and brand power will benefit first.
Market Recovery, Takashi Murakami Takes Action Again
In this context, Japanese pop art master Takashi Murakami announced today (24th) on X that he will launch a new digital collectible work "108 Flowers Revised" trading card, which will be minted on the Base application chain on July 31.
However, looking back at Takashi Murakami's past NFT performance, it hasn't been very impressive, and this NFT, according to official statements, is more about collectible commemorative value, resembling an advertisement for his derivative products.
Once Said He Might Not Release NFTs Again
Personal Major Work: Murakami.Flowers (Smiling Flowers NFT)
Takashi Murakami turned his most classic "Smiling Flowers" into pixel-style NFTs, this series is called Murakami.Flowers, and the project's activity level has now become extremely low.
· A Bumpy Release: In fact, as early as March 2021, he wanted to release it, but at that time he felt he didn't understand NFTs well enough, so he urgently called it off and didn't sell a single one.
· Official Debut: After learning and preparation, Murakami.Flowers was finally officially launched in 2022. The entire series is inspired by the 108 troubles in Buddhism, with a total of 11,664 unique small flower NFTs.
· Initial Sensation: When it was launched, it caused a frenzy, with the floor price skyrocketing in a short time, reaching as high as 6.6 ETH at the start of sales, which was about $22,000 at that time. (Currently, the floor price is about 0.15 ETH)
Subsequent Development Stagnated
Although the start was very bright, the subsequent development became more complicated.
1. Grand Future Blueprint: Takashi Murakami planned a complete development roadmap for the small flower NFTs, hoping to connect traditional art and digital art, with future plans to launch games, physical products, and exclusive galleries, etc.
2. Market Cooling and Price Decline: However, as the entire NFT market entered a bear market, prices also fell sharply.
3. Acknowledgment of Business Failure: In a press conference in September 2023, Takashi Murakami candidly admitted that he faced business failures in NFTs and stated that NFTs are on the decline, and he may not release any more in the future.
In summary, Takashi Murakami's NFT journey perfectly reflects the fervor and fragility of the NFT market. He entered as an art master, bringing high attention and initial commercial success, but ultimately could not withstand the changes in the broader environment, becoming a fleeting moment.
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