‍Artist Makes Thousands in Minutes with NFT | 3.13.22

GM Ser,

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‍Artist Makes Thousands in Minutes with NFT

Upon the COVID-19 pandemic, artist Cam Rackam fell on some hard times. Due to shutdowns everywhere, his art was unable to be seen in galleries and exhibits and money by the way of commissions and sales bleak. 

Rackam decided to get creative and see what he could do in the digital art space. Needless to say, he’s never had a better sale. Prior to his digital endeavors, Rackam’s biggest sale was for $11,000 back in the mid 2010s. 

Being inspired by the BAYC and Beeple, Rackam decided to do his own collection and sell it web3-style. 

Rackam reached out to Instagram account @wallstmemes, an account dedicated to posting memes about Wall Street and finance, about a collaboration – those behind the account agreed. 

Rackam then created a series of Wall Street-themed bulls. On the day of launch, the collection of 10,000 NFTs sold out in just over half an hour at 32 minutes. 

“In the first five minutes, about 2,250 of them were gone… But then I realized by minute eight or nine, we were more than halfway done. I started thinking, ‘Oh my god, we’re going to sell this thing out super hard,” Rackam said to CNBC’s Make It. 

After two years of artistic struggles, Rackam went home with $738,593.97 in his pocket. He celebrated at his home in Huntington Beach with champagne and a cigar. 

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 Editor's Pick: Check out Decrypt's article "Why Larva Labs Sold the CryptoPunks NFT IP to the Bored Ape Creators" by Andrew Hayward.