The digital art and cryptocurrency communities are abuzz with the latest development around the $FLIES token, which has seen a significant surge in value, approximately a 400% increase, following an endorsement by the renowned digital artist XCOPY (@xcopyart). The token, associated with the 'Mutatio' open edition NFT by XCOPY and neonglitch86 (@neonglitch86), can now be traded on Uniswap (@uniswap), thanks to a community-run Mutatio wrapper. This innovative approach allows holders of the Mutatio NFT to exchange their assets for $FLIES tokens on a 1:1 basis, effectively wrapping the NFT into an ERC20 token. The endorsement from XCOPY has had a dramatic impact on the token's market performance, with its value increasing from $4 to $20 shortly after the endorsement was announced. The $FLIES token now boasts a market cap of $1.4 million and a trading volume of $1 million, signaling strong market approval and interest.
Two weeks ago, XCOPY minted an open edition of a fly image for $2.30 each. People bought over 1,000,000 of them. A week ago, a token $FLIES was created. You could wrap your open edition NFT for a token. XCOPY endorsed the token today and the price jumped from $4 to $20 and… https://t.co/XlmwhoBPEd
Two weeks ago, XCOPY minted an open edition of a fly image for $2.30 each. People bought over 1,000,000 of them. A week ago, a token $FLIES was created. You could burn your open edition NFT for a token. XCOPY endorsed the token today and the price jumped from $4 to $20 and… https://t.co/zcTHnrXBin
You can now wrap the open edition "Mutato" by xcopyart x neonglitch into ERC20 $flies currently has a market cap of $1.4m and a trading volume of $1m https://t.co/GLmiUP1ARg