OG NFT art mystery boxes sell out instantly despite skepticism from esports community

Source: OG Esports

 

The esports industry is always attempting to stay ahead when it comes to online trends and NFT is no different. 

 

Standing for "non-fungible tokens," NFT is basically a unit of data stored on a blockchain. NFTs can represent things like photos and videos, as well as other digital files, allowing the people who purchase NFTs to claim an "original" piece of art that can't be found anywhere else. 

 

On July 5, OG Esports dropped the first big video game-related NFT. Available on the Binance NFT Marketplace, the talented Dota 2 organization dropped NFT Mystery Boxes that gave fans a chance to own very rare virtual artwork. This was part of the team's partnership with Binance NFT Marketplace, which went live just last month. 

 

To the surprise of nobody, the mystery boxes sold out almost instantly. According to Jake Lucky, the digital artwork mystery boxes sold out in 10 seconds, making it one of the quickest $500,000 ever earned. 

 

 

Each purchase was 149.99 BUSD, which is $149. There were seven total pieces of artwork fans could pull from the mystery box, each with a different drop chance. "Osmosis - Astronaut Edition" was the rarest one with a drop chance of just 0.05%. There were only two available, making them the most valuable. 

 

Source: OG Esports

 

The most common art piece was called "Fragment." This art piece had a drop chance of about 56%. There were 1,865 available. Here are all of the art pieces that were available in the mystery box, ranked by rarity: 

 

Osmosis – Astronaut Edition

 

  • Drop Chance: 0.05%
  • Issue Amount: 2
  • Rank: SSR

Osmosis – Alien Edition

 

  • Drop Chance: 0.53%
  • Issue Amount: 18
  • Rank: SSR

Exploration – Astronaut Edition

 

  • Drop Chance: 1.67%
  • Issue Amount: 56
  • Rank: SR

Exploration – Alien Edition

 

  • Drop Chance: 2.78%
  • Issue Amount: 93
  • Rank: SR

Void – Astronaut Edition

 

  • Drop Chance: 11.15%
  • Issue Amount: 372
  • Rank: R

Void – Alien Edition

 

  • Drop Chance: 27.87%
  • Issue Amount: 930
  • Rank: R

Fragment

 

  • Drop Chance: 55.95%
  • Issue Amount: 1865
  • Rank: N

 

 

While this was definitely a big step forward for esports in the cryptocurrency space, a lot of people were skeptical about the collaboration. One Twitter user noted that it was stupid that someone paid $150 for digital art when he could simply screenshot it and save it on his computer for free. 

 

NFT is clearly a new space with a lot of questions, concerns, and curiosity surrounding it. It's confusing for many and unclear where it will go in the long run. But the immediate selling out of OG's digital artwork shows that there is interest out there for this type of unique esports memorabilia, meaning other esports companies and organizations may consider a similar collaboration in the near future. 

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