Blokyz NFT Raffle Draws Over $64 Million in Interest

Blokyz, a Web3 collectibles company, recently ran an NFT raffle for its $75 Original Blokyz NFT. The event saw a massive influx of interest, with over $64 million staked in just 24 hours.

There were 853,964 entries vying for the 7,500 available NFTs. Each unsuccessful entry was refunded to the buyer, leaving Blokyz with about $561,000 from the sale.

This large amount of temporary funds suggests strong demand for the NFTs, but it also raises questions about sustained market momentum.