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G Dragon’s NFT Collection Sells Out Within Hours of Launch

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K-pop artist G-Dragon recently launched an NFT collection thanks to a collaboration with Fandom Studios and BNB Chain.

G Dragon’s NFT Collection

NFT continues to gain requests and endorsements from many celebrities. One of the most recent is G Dragon, whose NFT pool sold out shortly after it went on sale.

Pop artist Kwon Ji-yong (G-Dragon), who is based in South Korea, recently launched an NFT collection called PEACEMINUSONE NFT Collection Archives 2016. The love affair between G Dragon and NFT was first mentioned early this year.

On February 17, the South Korean artist partnered with BNB Chain and Fandom Studios on a mission to create the PEACEMINUSONE NFT Collection Archive 2016. At this point, NFT development is in its infancy.

Later, on March 21, the K-Pop singer announced that he will be launching a new NFT collection on March 22. The NFT pool sale started and ended on March 22nd.

G-Dragon designed a painting called Archive 2016, representing the identity of PEACEMINUSONE, the K-pop star’s brand. This painting contains key elements of the rapper’s life and career growth. The NFTs in the set consist of small puzzle pieces from the board.

Initially, the NFT pool came with a minimum price of around 0.27 billion USD, which is about 88 USD. This collection consists of approximately 13,444 unique digital collectibles.

The sale of these NFTs closed as soon as it started as all the lots were purchased within a few hours. The NFTs are valued at around 0.25 BNB, which is a slight drop from the sale price.

Later in early April, G Dragon entered into another collaboration with Nike, a fashion brand that created some lines of sneakers.

This collaboration also gave birth to the Kwondo ‘giveaway’ event, where NFT holders will participate in and win a pair of Nike shoes created by Nike.

“We are thrilled to have Fandom Studio and PEACEMINUSONE join the BNB Chain community and be a part of such an interactive approach to NFTs… We can’t wait to see the community’s engagement with the group.”

Alvin Kahn, Director of Growth at BNB Chain.

The involvement of musicians in the NFT space isn’t surprising, given the benefits some have amassed from the industry.

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