PhantaBear NFT is dubbed “Asia’s answer to the cryptoPunks”. Here’s why

In the past 24 hrs, no NFT venture has accomplished much better than PhantaBear. This new NFT collection only launched on January 1st, and now many thanks to some exclusive endorsements, it is topping the OpenSea Charts.

In point, as it stands, the rate of a PhantaBear NFT now stands at above ten instances the mint selling price of .26 ETH. Could we be witnessing the rise of a new CryptoPunks rival?

Significant Asian celebrities are endorsing the challenge. These incorporate Taiwanese pop star Jay Chou, Canadian born Hong Kong actor Edison Chen and Singaporean singer-songwriter JJ Lin.

Jay Chou is just one of the finest promoting artists in East Asia. The famed artist, identified as the ‘King of Mandopop’, has sold about 30 million documents. Edison Chen is a well known actor, musician and entrepreneur. JJ Lin is an award-winning musician adored by thousands and thousands of fans. In recent days, all a few have been selling PhantaBear NFTs to their Instagram followers, a combined 15 million individuals.

What is the PhantaBear NFT assortment?

Jay Chou’s PHANTACi and Ezek very own the PhantaBear challenge. PhantaBear is a selection of 10 thousand NFTs residing on the Ethereum blockchain. The NFTs resemble adorable bears with a multitude of varying qualities and rarity amounts.

 Each individual NFT is an algorithmically generated digital collectible that doubles as membership cards for the Ezek Club. The website states that “The 10,000 special Phanta Bears element the legendary manner of PHANTACi and give wealthy on line and offline benefits that allow their homeowners to appreciate the daily life both in and out of the metaverse.”

 On January 9th, it attained a new all-time high of 7.39 ETH($23,000). This is a extraordinary increase considering that the working day prior to, on January 6th, the common price was still below 1 ETH.

Meanwhile, the rise in quantity is pretty much surely instantly attributed to the linked Instagram posts, as several are keen to emulate their idols and assistance their passions.