U.S.-based art collective Kanbas made the largest non-fungible token (NFT) purchase in three years last week, scooping up a 1-of-1 artwork by Sam Spratt for $3 million.
The artwork is called “X.Masquerade” and is the sixth chapter in the “Story of Luci.” It ties into into an upcoming invite-only event that allows supporters to participate in a game by purchasing a “Mask of Luci” for 2.56 ETH ($6,800).
“We’re proud to stand beside him [Sam Spratt] and help share Masquerade with the world. It is our way of honoring Sam’s trust, the monumental work he’s created, and—above all—the shared values that underpin it,” Kanbus posted on X
The purchase comes alongside a timely boost to the NFT sector following a marketing push from NFT platform OpenSea that includes a token airdrop. Trading volume hit $40 million over the past 24 hours, a 29% rise on the previous day according to CoinGecko.
However, the NFT market as a whole has failed to…
