Following reports of Ozzy Osbourne’s death, the NFT collection CryptoBatz listed on OpenSea surged by more than 400% in value. The spike in demand is attributed to the renewed attention around the musician’s name and his digital project, which was originally launched at the peak of the NFT boom.
A Project Referencing a Legendary Incident
CryptoBatz features 9,666 unique tokens designed as digital bats. The collection references the infamous 1982 concert incident in Des Moines, where Osbourne bit the head off a bat, mistakenly believing it was rubber. That moment became the conceptual and visual foundation for the project.
Launched in late 2021, CryptoBatz was Osbourne’s first official venture into the NFT space. He created it in collaboration with digital artists. Each token not only carries a unique visual design but also includes a special function: the ability to "bite" another NFT and create a hybrid token called MutantBatz. This merging feature was available for selected collections such as Bored Ape Yacht Club, SupDucks, and Cryptotoadz.
In one interview, Osbourne mentioned that he had wanted a Bored Ape NFT for Christmas, but his wife Sharon refused to buy it. That disappointment led him to launch his own collection, which was well received by both music fans and digital art collectors.
Osbourne never disclosed how much he earned from CryptoBatz, but the recent spike in trading activity following his death suggests the project was both commercially successful and highly liquid.
At the time of writing, the collection’s floor price stands at 0.02 ETH (around $72).
The Overall NFT Market Remains in Stagnation
Despite the surge in CryptoBatz, the broader NFT market continues to trade far below its peak. According to CoinGecko, the total market capitalization is $5.83 billion, compared to $507 billion in April 2022. Daily trading volume sits at around $17.6 million, down 12% over the past 24 hours.
Even with occasional bursts of interest in iconic collections, the market remains sluggish, with limited liquidity and modest user engagement.
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