OliveX Holdings Ltd (NSX:OLX) has received strong support from the Web3 community in the recently completed NFT auction which saw 95% of its ‘Genesis’ NFTs minted out within 24 hours, raking in about US$3.1 million in revenue.
The company auctioned 370 NFTs via the Opensea marketplace at a floor price of 5 ETH each, which generated a total of 1,850 ETH in revenue.
Prior to the Genesis Collection, OliveX’s NFT collection, the Operation Ape NFT, minted in May 2022, generating almost US$500,000 in revenue within 48 hours.
Strong support
OliveX founder and CEO Keith Rumjahn said: “The result of the OliveX Genesis collection auction is nothing but true testament to the company’s strategic vision, creativity and solid execution capabilities against the current market sentiment.
“We are overwhelmed by the great support from the Web3 community where 95% of the 370 collection supply was minted out in less than 24 hours.
“This demonstrates great trust in our team and company vision and product offering within the community.
“Delivering value to holders is now our primary goal.
“We will leverage our network, collaborative partners and the broader wellness, gaming and fitness ecosystem to further maximise this value for our holders.”
Major step
OliveX launched the Genesis auction in conjunction with leading Web3 and NFT space builder Keungz.
The collection represents a major step in building an interoperable ecosystem encompassing its product, investor and investment streams.
Prior to the Operation Ape NFT, OliveX rolled out its foundational Kettlemine NFT, which went on to become a key component of the Dustland Runner move-and-earn (MnE) fitness app, a pillar of the metaverse.
OliveX
OliveX is a digital health and fitness company delivering unique user experiences through fitness gamification, augmented reality and move-and-earn experiences.
The OliveX fitness metaverse provides platforms that merge the real world and the digital universe to connect consumers exercising at home, the gym, or the outdoors with brands, influencers, and coaches in more than 170 countries.
As part of its long-term strategy to expand the fitness metaverse, OliveX is committed to its core development principles of building blockchain fitness games, investing in and incubating emerging blockchain titles, and partnering with global brands on the Sandbox.