NFTs of cereal boxes sell out in 24 hours

Illustrations of cereal bowls for the Cereal Club NFT collection
(Image credit: Cereal Club)

After the success of Bored Ape Yacht Club and CryptoPunks there's a new NFT collection making headlines: Cereal Club. Illustrations of small colourful cereal bowls are a big new thing in the world of NFTs, and we kinda of love the look of them.

Cereal Club sold out its whitelist collection of 10,000 NFTs just 24 hours after selling out the public auction. The success comes with a caveat, as the original Dutch auction price of 1 Ethereum was slashed by 50% – which is how these auctions work, the price drops until buyers decide its right and jump in. This helped sales but hasn't dampened the hype. There was due to be a public sale on 17 February but it's been cancelled as the Cereal Club NFT collection has completely sold out. Is this the hipster takeover of NFTs?

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Editor, Digital Arts & 3D

Ian Dean is Editor, Digital Arts & 3D at Creative Bloq, and the former editor of many leading magazines. These titles included ImagineFX, 3D World and video game titles Play and Official PlayStation Magazine. Ian launched Xbox magazine X360 and edited PlayStation World. For Creative Bloq, Ian combines his experiences to bring the latest news on digital art, VFX and video games and tech, and in his spare time he doodles in Procreate, ArtRage, and Rebelle while finding time to play Xbox and PS5.