Chinese crypto influencer sells her photos as NFTs and earns over $ 5 million in 10 days

China’s influencer non-fungible token (NFT) project reached a trading volume of 2,300 ethers (about $ 5.5 million) within two weeks of its launch.

Singapore-based Yuqing Irene Zhao, 28, reportedly created the Irene DAO collection based on a sticker pack created for the Telegram community. Coin Telegraph..

The Irene DAO collectionFeaturing 1,106 NFT images of crypto influencers in various poses using crypto slang such as “gm”, “wen Binance” and “yes ser” released on January 14th at the NFT Marketplace OpenSea. .. The slogan of the collection is “SIMP: Simplicity, Completeness, Meaning, Purpose”.

NFTs are currently trading at a minimum rate of 1.47 (about $ 4,668) for the cryptocurrency Ethereum.

From sticker packs to NFT collections

Fans, who were reportedly identified only as “libevm,” recommended Zhao to turn the sticker pack into an NFT collection after learning about the success of Indonesian college student Sultan Gustaf Al Ghozali.As NextShark As previously reported, Ghozali earned over $ 1 million by selling about 1,000 selfies as NFTs.

Zhao is contacting Ghozali on Twitter to explore the possibilities of collaboration.

According to Zhao, she developed the Irene DAONFT collection with libevm and business partner Benjamin Tang as part of a plan to create a decentralized platform called “Social Collectibles” or “So-Col”. Zhao described So-Col as “a decentralized version of OnlyFans, Discord, Twitch, and Patreon.” Content authors can monetize their content by converting it to NFTs.

“We at So-Col wanted to prototype the core concept of a community-driven creator economy, so I thought it was a great idea. Then we extended the idea to DAO and libevm and co-founder Ben. Hacked together within a day, “she reportedly said.

“What we didn’t expect was that our test case was an instant hit. In fact, I didn’t even know when it was released — I’m out for a swimming lesson. When I returned from the pool 40 minutes later, all 500 NFTs were gone. I didn’t even have one! “

Celebrities who acquired IreneDAO NFT include Galaxy Digital CEO Mike Novogratz and YouTuber Logan Paul.

Zhao, who previously won a promotional product that makes a living on Instagram, explained in a long Twitter thread that through NFTs, fans can now directly support her by investing in what she creates.

Featured image via @ b1gqing (left), OpenSea / IreneDAO (correct)

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