The NFT series Momoguro launched by the Hollywood animation studio Baobab Studios will be cast today

On March 2, it was announced that the NFT series Momoguro, launched by Hollywood animation studio Baobab Studios, which won the Emmy Award and was supported by Disney, on Ethereum, will be open for casting today. The whitelist users can cast their Genesis NFT at a price of 0.22 ETH (about US $365).

Interpretation of this information:

The world of non-fungible tokens (NFTs) continues to expand as Hollywood animation studio Baobab Studios launches their new NFT series Momoguro, which has won an Emmy Award and has received support from Disney. NFTs are unique digital assets that are stored on the Ethereum blockchain, allowing for secure ownership and transferability. Momoguro will be available for casting, meaning that potential buyers, known as whitelist users, can purchase the Genesis NFT at a fixed price of 0.22 ETH, or approximately $365 USD.

Baobab Studios’ involvement in the creation of Momoguro adds significant value to the NFT series, as the studio has previously won an Emmy Award for its virtual reality short film, “Invasion!”, and is also responsible for creating other notable VR experiences, such as “Crow: The Legend” and “Bonfire”. The involvement of Disney, a giant in the entertainment industry, further strengthens the credibility and appeal of Momoguro as an NFT series, increasing the potential for its success.

The announcement of Momoguro’s release comes during a time when the NFT market is thriving. According to NonFungible.com, the NFT market experienced a 299% increase in sales between 2019 and 2020, with a total sales volume of $250 million in 2020. The market shows no signs of slowing down, with high-profile NFT sales, such as Beeple’s “Everydays: The First 5000 Days” selling at Christie’s auction house for $69 million in March 2021.

The fixed price of 0.22 ETH for the Genesis NFT indicates that Baobab Studios has set a lower price point compared to other NFT sales, which could potentially attract a wider audience. However, it is important to note that the cost of purchasing an NFT is still relatively expensive, and may not be accessible to everyone.

Overall, the launch of Momoguro represents the continued growth and evolution of the NFT market, as high-profile companies enter the space and explore the potential for unique digital assets. The involvement of Baobab Studios and Disney undoubtedly adds value and credibility to Momoguro, positioning it as a promising NFT series that may attract significant interest and demand from collectors and investors alike.