Ozzy Osbourne’s death sparks 400% surge in CryptoBatz NFTs

Ozzy Osbourne’s decease astatine 76 connected Tuesday sparked a surge successful the non-fungible token (NFT) marketplace arsenic fans rushed to ain a portion of the dense metallic icon’s bequest done his CryptoBatz collection.

Within hours of the announcement of his passing, the level terms of his CryptoBatz NFTs concisely surged by much than 400%, from nether 0.02 Ether (ETH) to arsenic precocious arsenic 0.08 ETH, according to OpenSea data.

At existent marketplace prices, the highest level terms for a CryptoBatz NFT was $295 astatine 8:00 p.m. UTC connected Tuesday, according to CoinGecko.

Source: Ozzy Osbourne

Osbourne made a historical introduction into the NFT manufacture astir 4 years ago, unveiling his CryptoBatz postulation featuring 9,666 unsocial integer bats successful December 2021.

Why the bat?

Osbourne’s prime of a bat arsenic the NFT mascot was nary mishap but alternatively a deliberate motion to 1 of the astir infamous moments of his career.

In 1982, the dense metallic icon made headlines erstwhile helium spot the caput disconnected a bat during a unrecorded show connected stage, marking a infinitesimal successful stone history, evolving into some fable and meme implicit the decades.

Source: Cryptobatz

Echoing the iconic moment, each Cryptobat successful Osbourne’s NFT postulation offers users a unsocial accidental to “bite” different NFT from a integer wallet and make a hybrid image.

The database of supported collections for the “bite” includes large NFTs specified arsenic Bored Ape Yacht Club (BAYC), Alien Frenz and more.

Trading soars with 100,000% measurement surge

In summation to a rising level price, Ozzy Osbourne’s CryptoBatz NFTs person experienced a melodramatic spike successful trading volumes.

According to information from DappRadar, the trading measurement of CryptoBatz has skyrocketed by 100,000%, reaching $281,200 wrong conscionable 24 hours.

CryptoBatz trading stats successful the past 24 hours. Source: DappRadar

The 24-hour trading measurement accounted for astir 80% of CryptoBatz’s full marketplace cap, which is estimated astatine $355,000, with the existent level terms sitting astatine $36.80, according to DappRadar

The trades progressive astir 402 sellers and 327 buyers, a notable level of enactment considering the full CryptoBatz proviso of 9,666 NFTs.

CryptoBatz surge falls abbreviated of grounds highs astatine launch

While Osbourne’s passing sparked a notable revival successful NFT activity, the latest spike has yet to eclipse the highest metrics recorded during the project’s launch.

According to OpenSea data, the moving mean terms for CryptoBatz deed an all-time precocious supra 5 ETH amid the collection’s motorboat successful January 2022.

CryptoBatz NFT metrics since motorboat successful 2022. Source: OpenSea

At the clip of writing, the astir costly CryptoBatz listed is the Megadragon bat, priced astatine a staggering 99 ETH, portion the lowest-priced token disposable is CryptoBat #5892, valued astatine astir 0.4 ETH.

Related: NFT income deed $2.8B successful archetypal fractional of 2025 arsenic trading volumes tank

Though humble compared to 2022 levels, the latest spike successful Osbourne’s NFTs could awesome a imaginable NFT marketplace rebound, with industry leaders anticipating a revival aft a agelong play of marketplace downturn.

In related news, Spotify precocious drew disapproval aft an probe by integer media outlet 404 Media alleged connected Monday that the audio streaming level was publishing AI-generated songs nether the names of deceased artists without permission.

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