Crypto’s foot fetish? Pixelated Feetpix NFTs Surge – Decrypt

Fear not, crypto-weary souls who see no end of suffering in sight – ostensibly erotic, pixelated foot pics are here, and they may have saved the day.

Feetpix (or, an NFT collection consisting of 10,000 extremely simple images of Quentin Tarantino favorite appendagetook the crypto by storm, edging out Bored Ape Yacht Club (BAYC) and other top-notch NFT staples to become the 5th most-traded collection on the OpenSea NFT Market on Tuesday.

An NFT Feetpix. Courtesy of Feetpix

The project has made 640 ETH, or roughly $855,000, in trading since its debut three days ago, with the majority of that volume coming in the past 24 hours alone. Feetpix was initially free to strike. The floor price of the collection has since jumped to 0.135 ETH, or around $180. So far, the collection has recorded over 16,000 transactions.

What’s driving the crypto foot frenzy? Some secret benefits of pedicures? Joining a travel-focused DAO? Utility tokens that unlock a treasure trove of outrageous, no-shoe Polaroids? No, no and no.

“0 roadmap, 0 promises, 0 marketing, 0 paid influencers,” Feetpix wrote on Twitter this morning. “1 common love of feet.”

The collection is nothing more or less than how it presents itself: an opportunity to “fulfill your deepest, darkest fantasies,” as the OpenSea description of the collection puts it. Feetpix is ​​simplistic websitewhich offers few answers to curious shoppers, is scored on a rhythmic dance floor of echoing moans.

Feetpix rarity is based on attributes that include accessories such as socks, cigarettes, and panties, nail polish color variations, and skin colors including white, tan, brown, brown dark and “normal” – a skin color that appears to be a variation of white.

As soon as Feetpix started climbing the NFT rankings on Tuesday, Crypto Twitter couldn’t look away. Maybe those feet weren’t mere lumpen sock vessels, but rather something beautiful, well-made, electric: a sign of the end of the NFT bear market.

Many Twitter users hailed the project’s success as an indicator of the return of the “season of degeneracy” – the glory days of high-risk crypto trading.

The NFT market, which recorded a trading volume of $25 billion in 2021, crashed after the start of the last crypto winter in May. By the end of 2022, sales had plummeted about 88%.

The bare (barefoot?) absurdity and worthlessness of Feetpix was reminiscent of many of an earlier age in NFTs, when seemingly useless collections often skyrocketed to incredible valuations.

Whether the thrill and titillation of those 10,000 foot pairs can resurrect the struggling NFT market is uncertain. The mysterious creators of Feetpix, for their part, poked fun at the sudden success of their own project, chastising Feetpix holders for showing clear signs of sexual deviance.

Not so crazy about feet? There is also a very similar Collection on OpenSea, offering a much lower sale volume and floor price, but no “normal” skin attribute.

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