Spritehood NFTs raise $1.28M on Robinhood Chain

Spritehood has sold 42,956 paid NFTs on Robinhood Chain in about 53 minutes, generating nearly $1.28 million for Pudgy Penguins co-founder Cole Villemain. Summary Paid buyers minted 42,956 Spritehood NFTs priced at either $17 or $117. The sale generated about $1.283 million, equal to roughly 684.28 ETH at the mint price. Another 1,488 NFTs were distributed free, bringing the reported collection total to 44,444. Spritehood’s Blockscout contract page displays unverified source code, limiting public review of its mechanics. Spritehood NFT sale reached $1.28 million The Defiant reported that Villemain launched Spritehood on Aug. 11 after previously being removed from the founding team of Pudgy Penguins, with the paid portion of the sale selling out in less than one hour. On-chain analyst 0xlaplaced calculated that the mint generated about $1.2829 million, or approximately 684.28 ETH, based on the price of Ether during the sale. The final total came in well above an earlier estimate of roughly $755,000 that circulated before the mint had finished. According to the analyst’s transaction review, buyers minted 37,430 NFTs for $17 each, producing $636,310 in proceeds. A second group of 5,52...