In 2022, it seems as though you can’t go a day on the Internet without hearing about cryptocurrencies, NFT art and the metaverse.
Whether you’re an avid supporter of these newer technologies, or more or less clueless about how they all work, it’s likely that you’ve come across various famous NFT art projects racking up series sums of money.
One “Cryptopunk”, one of the most famous NFT projects to date, for example, sold for 11.8 million dollars. Even high profile celebrities are getting involved, with the likes of Eminem and Madonna buying Bored Ape NFTs worth hundreds of thousands of dollars.
What’s even more alluring about the NFT hype is the possibility for regular artists to earn substantial amounts of money for their pieces, giving a chance for the once ‘starving artists’ to earn some serious money.
How a 19-year-old earnt almost 20 million dollars through NFTs
A more recent success story within the NFT art world was when Victor Langlois, a 19-year-old artist who goes by the online name ‘FEWOCiOUS’, made close to 20 million dollars in his most recent sale of work.
This makes him one of the most financially successful NFT artists in history, earning the third-highest amount ever recorded on the “Nifty Gateway” marketplace (one of the most popular platforms to buy and sell NFTs).
How exactly did Langlois do this? He released all of his NFT art on the marketplace to buyers over a 24-hour sale. Around 5000 people bought his now-famous “Paint Drop” NFTs, a trademark symbol of Langlois’, depicting small yet vibrant and colourful blobs of paint.
Just the beginning of the story
For Langlois, his most recent NFT art sale is only the beginning of his legacy. He plans to create a digital universe, named FewoWorld, where all of his projects can coexist digitally to be displayed, bought and sold.
Within FewoWorld, he plans to create an NFT project of little characters called Fewos, where people can buy, sell and accumulate their own Fewo characters.
Why the high price?
Why and how did Langlois manage to sell his digital artwork for such a high price? The answer likely lies within the investment opportunity of the pieces.
Each “Paint Drop NFT” purchased by buyers in his recent sale were assigned with a select number of “Paint,” which Langlois describes will be “the building block to everything” in FewoWorld. He explains that the specific paint to each Paint Drop NFT is unique and will subsequently give different special powers to Fewos in the FewoWorld (however, this isn’t entirely confirmed).
Next steps?
Langlois plans to use the funds from his recent sale to further explore his creativity. Despite there being no concrete plans for FewoWorld as of yet, he wants to add more people to the FEWOCiOUS team to help expand his future vision.
What’s more, he wants to invite buyers of his “Paint Drop” NFTs to exclusive “paint parties”, which will be hosted in warehouses. He hopes to build a community and give the opportunity for paint drop holders to meet each other, have fun and paint with no agenda.
No matter Langlois’ plans, there’s no doubt that the 19-year-old creative has firmly secured himself as one of the most successful NFT artists to date. In addition to his nearly 20 million dollars of art sold this week, Langlois’ previous sales amounted to 30 million dollars of profit, leading to 50 million dollars in total sales in just over a year.
Not too shabby, eh?
One of his most popular pieces sold for nearly a million dollars. The “Nice to meet you, I’m Mr. MiSUNDERSTOOD” NFT art sold for a staggering 882 ETH, equating to 2.8 million dollars, at the auction house Sotheby’s in October.
Whether Langlois decides to become the next J.R.R. Tolkien of the digital world, or more simply remain a young adult who just loves creating art, he’ll undoubtedly be remembered as one of the most imaginative and accomplished visionaries in the NFT art world.
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