Marvel Artworks, NFTs of Spider-Man covers.

Yesterday VeVe Digital Collectibles announced the launch of NFTs of the Amazing Spider-Man Marvel comic book covers. 

The NFTs of the Amazing Spider-Man comic book covers

VeVe has been issuing NFTs of famous comic book covers for some time now, and today it is releasing new limited editions of covers in blind box format with five levels of rarity. 

In fact, this limited edition release features exclusive VeVe Rare and Ultra Rare covers by Salvador Larroca and Edgar Delgado. 

Venom in his first full appearance!@Marvel’s Amazing Spider-Man #300 features VeVe-Exclusive Rare & Ultra Rare covers by @SalvadorLarroca and @delgaduck! Super Ltd. Edition drops Tue, 30 Aug at 8AM PT in blind box format: https://t.co/Lhe9AGc6A6#MARVELxVeVe

— VeVe | Digital Collectibles (@veve_official) August 29, 2022

Of the 10,000 copies, 6,000 are COMMON with classic cover, 2,250 are UNCOMMON with vintage variant, 1,000 are RARE with Hero variant, 500 are ULTRA RARE with Vibranium variant and 250 are SECRET RARE with True Believer variant.

The covers are digital variants in NFT format by three Marvel comic book artists, Sara Pichelli, Brian Stelfreeze, and Skottie Young. 

One of them is a variant of the cover of Amazing Spider-Man #1 by Skottie Young. 

.@skottieyoung has been writing & drawing for @Marvel for over 20 years. He’s behind the Young Variants seen on VeVe!

This 1/1 variant cover artwork for Amazing Spider-Man #1 is available now via silent auction only on the VeVe web app: https://t.co/ajxEIpZEMt#MARVELxVeVe pic.twitter.com/WeJOnWnORc

— VeVe | Digital Collectibles (@veve_official) August 29, 2022

Marvel’s other projects in the NFT field

Marvel Entertainment has been releasing NFTs with Veve Digital Collectibles for some time now, thanks to its Marvel Artworks collection. In fact, other Spider-Man and Captain America digital collectibles had already been launched in 2021, and Veve also collaborates with other similar companies, including DC Comics and Disney.

In fact, back in April 2021, Marvel had already begun exploring the NFT market with art galleries heralding auction sales of blockchain works.

DC Comics had also launched its own Non-Fungible Token collections as early as 2021, starting with free mints with NFTs depicting all the superheroes invented by DC Comics such as Batman, Superman, Green Lantern, Wonder Woman, and Harley Quinn.

Sales in the NFT sector

However, it must be said that the NFT market has now been in sharp decline for the past few months. 

Taking the sales data of the industry’s main marketplace, OpenSea, as an example, it can be seen that from $2.5 billion in May it has gone down to $0.6 billion in July, while in the current month $0.5 billion has not even been surpassed yet. 

Since June there has been a real collapse, following probably the bursting of a real speculative bubble. Suffice it to say that in July last year it barely exceeded $0.3 billion, while the following month it soared above $3.4 billion. The peak was in January when it even exceeded $4.8 billion. 

The bubble inflated in August 2021 and remained active until May 2022. With the crashes of the cryptocurrency markets in May and June, the bubble deflated, coinciding with the sharp decline in cryptocurrencies. 

Analyzing the volume of searches on Google Trends shows that the peak occurred just in January, while the current level is by far the lowest in the past 12 months. 

Records in the NFT world

Despite that, big companies’ NFT projects continue to make interesting numbers, such as Nike, which reported generating $185 million in extra profit from Non-Fungible Tokens. Or to the Bored Ape collection that set their sales record coming in at $2.4 billion in total sales, or more accurately 657.2 thousand Ethereum (ETH).