Over $280,000 Garbage Pail Kids NFTs traded in 7 days
Updated 21.05: Over the past couple of days, there’s been strong and continued growth in the trading volume of Garbage Pail Kids digital cards on the WAX blockchain, as seen in their two main marketplaces.
GPK. Market has seen $205,000-worth of trading activity, while SimpleMarket has seen over $81,000-worth, the vast majority of this due to GPK trading.
On that basis, it won’t be long before Series 2 of the Garbage Pail Kids collectible is launched.
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In collaboration with the WAX blockchain, US collectibles company Topps has launched its first set of digital cards – the original series 1 of the Garbage Pail Kids bubble gum cards, which originally launched in 1985.
The card sold in packs – 5 cards for $4.99 or 30 cards for $24.99 – but quickly sold out.
Checking activity through DappRadar, we can see that 471 unique wallets interacted with the Topps’ GPK dapp on the launch day (12 May 2020), rising to 516 wallets on 13 May, by which stage all the card packs had been sold.
Once packs had sold out, users could still trade their cards (which are non-fungible tokens aka NFTs) in the official dapp but – crucially – they couldn’t buy or sell cards using cryptocurrencies or fiat currencies.
But, because this is the blockchain, the fact the official dapp didn’t support this functionality wasn’t a problem, however, because other people created dapps to enable this.
One example is the SimpleMarket dapp, which is a market for all NFTs on WAX and other blockchains.
The day after all the GPK packs had sold out, its daily activity had risen to 148 unique wallets, up from under 10 wallets before Garbage Pail Kids launched.
Similarly, on 15 May, the GPK Market dapp launched. It’s a marketplace specific to Garbage Pail Kids cards, and like SimpleMarket allows users to buy and sell individual cards for the WAX cryptocurrency.
Daily activity on this dapp rose quickly, overtaking SimpleMarket by 18 May, probably due to its better interface.
And the ability to buy and sell Garbage Pail Kids has certainly been widely adopted with a rare digital version of the popular Adam Bomb card selling for $790.
We will be keeping a close eye on the Garbage Pail Kids launch as secondary sales occur and will update our readers with card sale and user data as it arrives – Make sure you bookmark DappRadar and sign up to our newsletter below to get updates direct to your inbox.
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