HONG KONG, Oct. 5, 2023 /PRNewswire/ -- Yogapetz is pleased to announce the remarkable success of its latest release, the YogaPetz Wellness NFT Collection, which experienced a staggering 130% oversubscription rate. In just 45 minutes, the entire 10,000-piece collection was completely sold out, generating an impressive 1,761 ETH, equivalent to approximately $3 million in sales.
This groundbreaking achievement occurred on August 31, 2023, despite the challenging market environment for NFTs during the prevailing winter season, characterized by a drop in market capitalization and low investor sentiment. The resounding success of the YogaPetz collection is a testament to its unique value proposition and the growing demand for wellness-focused NFTs.
Overwhelming Response Demonstrates Growing Demand for Wellness NFTs
"We are overwhelmed by the incredible response to the YogaPetz collection," explained @keung, co-founder of YogaPetz. "The rapid sale and substantial value generated demonstrate the strong appetite for wellness-themed NFTs in the market. Our collaboration is driven by the shared goal of providing rewards and incentives that promote physical and mental well-being to our thriving online community." of more than 220,000 members".
YogaPetz is a decentralized wellness ecosystem that prioritizes mindfulness, community, and rewards, with the goal of providing users with a safe, transparent, and decentralized platform that encourages physical and mental well-being. By using the $PRANA token in conjunction with a mobile application, users are encouraged to practice and maintain healthy habits for the mind and body (Relaxation - Rewards - Withdrawal - Repetition). The success of the YogaPetz collection has paved the way for exciting developments and partnerships within the wellness ecosystem.
Experienced Co-Founders Driving YogaPetz to Success
The YogaPetz project is led by co-founders @keung (Kam-Keung FUNG) and @Kakarot_F23 (Kin-Fung MAN), who together bring over twenty years of business and operational experience. Their diverse backgrounds and experience form a solid foundation for YogaPetz's success.
@keung, Founder and CEO of Awesapp Limited, has an impressive track record in building and managing mobile applications. His deep knowledge of the market, honed over years of experience on the street, has given him invaluable insights into the competitive NFT landscape. Leveraging his experience, @keung has provided strategic advice to prominent NFT projects such as 9GAG (Memeland) and OliveX.
In particular, the Memeland project achieved a notable feat by selling 10,000 NFTs in just 12 minutes, generating revenue for the team of 9,801 ETH, equivalent to millions of dollars. Similarly, OliveX launched 420 Genesis NFTs earlier this year, and they all quickly sold out, raising 2,100 ETH, valued at over three million dollars. These successes underscore @keung's astute market sense and ability to navigate the changing NFT landscape.
While the Hong Kong government promotes web3 development with uncertain prospects, it is worth noting that these three Hong Kong startups have gained international recognition in the field of web3.
@keung: Web3 drives innovation and success through collective wisdom
@keung acknowledges the doubts surrounding web3 and NFT products, but remains a firm believer in their potential to achieve results that traditional internet products simply cannot. He explains: "In the pre-web3 era, teams had to invest a lot of time and effort in marketing to reach the right users. However, web3 projects work differently. By cultivating a community, word of mouth is spreads naturally, allowing for much more effective global user connections.
In addition to the advantages of community participation in web3 and NFT projects, @keung emphasizes their potential as avenues for both fundraising and talent aggregation. These projects can secure funding through the community and attract exceptional talent who bring ideas, brainstorming capabilities, and valuable contributions to project management. This collaborative approach allows web3 projects to harness the collective wisdom and experience of their communities, driving innovation and success.
@Kakarot_F23's journey to fight cancer and start YogaPetz
@Kakarot_F23, another co-founder of YogaPetz, has a deeply personal connection to the project. He was diagnosed with nasopharyngeal cancer in late 2019 and underwent grueling chemotherapy and radiotherapy. Throughout this challenging journey, @Kakarot_F23 experienced significant physical and mental obstacles, including the struggles of depression. However, with the unwavering support of the oncology community, he managed to regain their trust and rekindle hope.
Inspired by his battle with cancer, @Kakarot_F23 was driven to establish YogaPetz as a platform that goes beyond traditional NFT offerings. Drawing on his background in fine art and graduating from the University of the Arts London (formerly known as Central Saint Martins), @Kakarot_F23 recognizes the immense market potential of wellness-focused NFT communities. He strongly believes that wellness-focused NFT communities can drive positive change and growth.
The collaboration between @keung and @Kakarot_F23 is marked by perfect synergy. They co-manage the YogaPetz community, leveraging the creative arts expertise of @Kakarot_F23 and the technical acumen of @keung. Their shared vision and complementary skills create a solid foundation for YogaPetz's success in the competitive NFT market.
About YogaPetz
YogaPetz is a decentralized wellness ecosystem that places a strong emphasis on mindfulness, community, and rewards. Our main goal is to offer users a secure, transparent and decentralized platform that promotes physical and mental well-being. Even people who do not own the YogaPetz NFT are encouraged to explore and participate on the platform. They can start their wellness journey, establish their own wellness businesses, redeem withdrawals with our partners using $PRANA, and cultivate healthy habits through repetition.
For detailed information, please visit: https://yogapetz.com/
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