OliveX Holdings Limited (NSX:OLX) OliveX Genesis NFT Auction Results

by James · February 21, 2023

Results from the OliveX Genesis NFT auction

Sydney, 22 February 2023 AEST (ABN Newswire) – OliveX Holdings Limited (NSX: OLX), through its wholly-owned subsidiary OliveX (BVI) Limited, is pleased to announce the successful completion of the auction via Opensea for its latest NFT collection, “OliveX Genesis”, which was originally announced on 15 February 2023.

The auction results are the key to unlocking the value of the Genesis NFT collection. OliveX reports that the auction had an estimated 2,500 bids for all 370 NFTs. The NFTs were finalized at the minimum price of 5 ETH each and generated 1850 ETH in revenue (estimated USD 3.1 million on February 19, 2023 at expiration).

OliveX launched the Genesis auction in partnership with leading Web3 and NFT space builder Keungz, which is entitled to a service fee from the auction, the details of which are commercially sensitive.

“The result of the OliveX Genesis collection auction is nothing but a true testament to the company’s strategic vision, creativity and solid execution capabilities against today’s market sentiment,” said OliveX Founder and CEO, Mr Keith Rumjahn. “We are overwhelmed by the outpouring of support from the Web3 community where 95% of the 370 collection was produced in less than 24 hours. This shows great confidence in our team and the company’s vision and product offerings in the community.”

“Delivering value to holders is now our primary goal. We will leverage our network, partners and the wider wellness, gaming and fitness ecosystem to further maximize this value for our holders,” Rumjahn added.

Prior to the Genesis Collection, OliveX’s NFT collection, Operation Ape NFT, minted in May 2022, generated nearly $500,000 in revenue in 48 hours. A total of 5,943 NFTs were sold to 3,200 passport holders. Prior to Operation Ape NFT, OliveX launched its basic Kettlemine NFT, which went on to become a key component of the Dustland Runner moveand-earn (MnE) training app, a pillar of the metaverse. The collection represents a major step in building an interoperable ecosystem that encompasses product, investor and investment streams. At OliveX, we pride ourselves on developing exceptional products that focus on our core mandate to harness the power of storytelling by bringing immersive, narrative-forward fitness games to communities around the world, and the creative concept of OliveX Genesis is no exception.

About OliveX Holdings Limited

OliveX OliveX (NSX:OLX) is a digital health and fitness company that sells innovative products and applications to deliver a unique user experience using artificial intelligence, gamification and premium content. With its flagship product KARA Smart Fitness Mirror and associated subscription-based applications, OliveX provides a platform that connects and engages consumers with brands, influencers and fitness trainers, enabling any space to become a personal gym. OliveX has a market reach that spans over 170 countries.