Hyperliquid recently launched its new NFT collection named Hypurr on the HyperEVM mainnet. The launch saw impressive initial interest, with the floor price of the 4,600-piece collection reaching $68,900. The first few hours witnessed transactions amounting to several million dollars, indicating significant enthusiasm in the market.
The Launch of Hypurr Collection
Hypurr was specifically designed for the community supporting Hyperliquid’s decentralized perpetual futures trading platform. The Hyper Foundation indicated that it aims to provide a lasting memory to early contributors to the project through this collection. Each NFT is crafted to showcase unique designs reflecting the different emotions, interests, and styles of the community.
The distribution of the collection commenced during the genesis event last November, where 4,313 NFTs were allocated to event participants. Additionally, 144 NFTs were reserved for the Hyper Foundation, and 143 were gifted to developers and artists who contributed to the project. The collection was opened for trading at midnight on Sunday and quickly garnered intense interest.
As auctions kicked off, transaction volume increased rapidly. According to OpenSea data, trading activities accounted for a total of 952,000 HYPE. This figure translates to approximately $45 million at current prices. The collection’s floor price hovered at 1,463 HYPE, with one notable sale being Hypurr #21, which traded for 9,999 HYPE, equivalent to about $470,000.
The launch of Hypurr stirred significant activity in the NFT market, which had been witnessing a slump since its 2021 peak. The high prices and transaction volumes have renewed interest among enthusiasts, providing a boost to the future expectations for the NFT arena.
In a document released by the Hyper Foundation, it was proposed that NFTs might be associated with certain privileges or advantages in the future. Nonetheless, the absence of guarantees was clearly emphasized. Thus, the Hypurr collection holds value both artistically and in terms of community engagement.
Impact on HYPE Coin
The collection’s influence was also felt on HYPE coin. Post-launch, the price of the altcoin experienced a 4.65% increase, reaching $47.14. The rise in transaction volume solidified Hyperliquid ecosystem’s overall outlook and strengthened the community’s commitment to the project.