- IPX launches WADESIDE, the first PFP project from its digital artist WADE consisting of 13,333 pieces, through the industry's first INO (Initial nft Offering) with cube auction for corporations and the public throughout the year with CRIPCO, the global blockchain and nft company.
- The private auction, held over five days starting February 22, raised record amounts with participation from high-profile Web 3 firms including Animoca Brands, Chiru Labs and Phaver, while the public launch begins from February 28 weekly.
- Launched in 2022, WADE F&F membership nft prices in January recorded approx. 240x more compared to initial minting, validating authentic intellectual property activities as catalysts for nft value growth
- The new WADESIDE project was highlighted as “one of the most anticipated PFP projects of the year” by major global nft alpha groups and communities even before its launch.
- IPX elevates WADE's digital artist identity to maximize IP value across both Web 2 and Web 3, and WADESIDE offers benefits that foster collaborative growth between IP and fans.
(February 27, 2024, SEOUL, SOUTH KOREA) Digital IP entertainment company IPX (formerly LINE FRIENDS) announced the launch of its first PFP (Profile Picture) project, “WADESIDE”, through its partnership with CRIPCO, a global blockchain and nft company.
Since the launch of the WADE F&F nft membership in September 2022, IPX has been building trust and a strong bond with holders by communicating closely with them and constantly showcasing WADE's performances as a digital artist. Despite volatile market conditions, nft prices have risen steadily, reaching approximately 240 times the initial minting price in January. IPX's commitment to sustained and authentic intellectual property activities has demonstrated a correlation with the rise of nft values, even during the “crypto winter.”
The “WADESIDE” project, created from digital artist IP WADE on the ethereum blockchain, introduces a total of 13,333 profile picture (PFP) nfts sequentially. It employs the industry's first INO (initial offering of nft) system, featuring a bucket auction sales method that will take place every week throughout the year and will target corporations in addition to the public.
IPX completed the pre-sale of 1,916 nfts through a private auction to companies and whitelists from February 22 to 27. Giant Global Web 3 companies and projects such as Animoca Brands, Azuki, Sappy Seals, Phaver and Mocaverse participated in the auction, reaching a record. – breaking total quantities in five days, demonstrating the great interest of the industry. The remaining nfts, except for some nfts that have been airdropped to existing 'WADE F&F' nft holders as WADE members, will be sold to the public via weekly auctions for the next 43 weeks starting February 28.
WADESIDE has attracted several big-name companies in its pre-sale and has attracted attention as “one of the most anticipated PFP projects of the year” in key alpha communities and groups in the nft circle on Discord and x (formerly twitter). Given the high interest even before the official launch, it is expected that public sales will also achieve significant performance.
“IPX's nft business is not simply a means to generate instant profits, but an integral part of our intellectual property business aimed at sustainable intellectual property growth. That is why we want to extend WADE's intellectual property, which has been generating influence by communicating with fans in the music, fashion and art scene, to Web 3 as an nft,” said an IPX official, “ “WADESIDE is a unique project that benefits fans who recognize WADE's value as an artist. We anticipated it would be a project where the intellectual property and fans would grow together.”
Meanwhile, WADE has showcased impressive collaborations with high-end fashion brands such as PEACEMINUSONE, SAINT MXXXXXX, Valentino and more, both virtually and in real life. WADE has also established his influence online and offline as a digital artist, organizing pop-up events (IRL) for WADE F&F holders and business partners, presenting his works at the 'O! Leica Photo Exhibition 2022 as the first virtual artist and presenter as a digital ambassador for Sneakers Unboxed Seoul. This year, WADE will continue to release digital music, participate in cultural and artistic festivals, and collaborate with well-known brands in various fields, starting with its participation in the AIRLESS GEN1 brand campaign with Wilson, the official ball manufacturer of the NBA.
You can find detailed information about “WADESIDE” on the official website: https://mint.wade.club/
Cube Auction:
In a bucket auction, participants bid with ethereum for each nft, and the winners and losers are determined by the clearing price, which is determined at the end of the auction. The minimum price is calculated by dividing the final amount that would be raised by the number of nfts sold.
About IPX (FKA LINE FRIENDS)
IPX is the new corporate name for LINE FRIENDS, a global character brand that originally started with original characters, including BROWN, CONY and SALLY, created for use as stickers for the leading mobile messaging app LINE and its 200 million active users. Worldwide. IPX recently announced a new business strategy that would accelerate the global expansion of its intellectual property businesses by diversifying its intellectual property portfolios targeting all ages and advancing its digital and retail business. IPX has carried out its IP-based business by partnering with global companies such as Netflix (original animated series), SUPERCELL (Brawl Stars) and NEXON (KartRider), while creating popular IPs including digital artist 'WADE', 'BT21' . (BTS), 'TRUZ' (Treasure) and expanded their boundaries to virtual influencers to win the hearts of over 40 million Millennials and Generation Z around the world. IPX currently operates in 17 markets worldwide, including Seoul, New York, Los Angeles, Tokyo and Shanghai, and operates on 16 online sales platforms.
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