Crypto art is one of the hottest trends in the crypto markets, with the most highly regarding digital artworks selling for millions.
In this guide, you will learn about Hashmasks and how you can buy one if you’d like to start your own crypto art collection.
What Are Haskmasks?
Hashmasks are the brainchild of Suum Cuique Labs from Zug, Switzerland. They are a collection of 16,384 digital portraits created by over 70 artists. It’s one of the largest collaborative NFT art projects in existence.
Haskmasks utilizes the technology of NFTs and combines them with art to create some very unique collectibles.
How Are Hashmasks Different to Cryptokitties and Cryptopunks?
Cryptokitties is a blockchain game launched at the end of 2017. Some Cryptokitties sold for more than $300,000 during the peak of their popularity. Cryptopunks predate Cryptokitties by a few months as one of the first non-fungible token collections on the Ethereum blockchain.
They have only recently hit the headlines with one buyer in early 2021 buying 34 of them for $1,000,000. Both these projects found value with collectors due to their digital scarcity.
What Makes These Two Hashmasks Artworks Different?
Visually they are quite different. To a Haskmasks collector, though, their uniqueness goes beyond the visual.
The first hashmask is called Trump and has the unique traits of
- Character – Male
- Mask – Chinese
- Eye Color – Dark
- Skin Color – Dark
The second haskmask is called Sea and has the unique traits of
- Character – Female
- Mask – Animal
- Eye Color – Green
- Skin Color – Light
The traits are one of the elements that adds to the rarity of the hashmasks as some traits are more rare than others.
Have You Ever Wanted to Rename an Artwork?
It’s an interesting concept and one that some artists would strongly disagree with. Any owner of a Hashmasks artwork can accumulate the NCT token on a daily basis, which allows you to choose a name for your portrait on the Ethereum blockchain.
To change the name of an NFT, you need to send 1,830 NCTs (about ½ years of NFT emission) to the Hashmask contract and burn them.
- No name can be identical
- There is a limit of 25 symbols (including spaces)
- Uniqueness is case insensitive (i.e. «John» and «john» are considered the same for the blockchain)
- There are no leading or trailing «spaces»
- Only alphanumerical symbols are eligible for use
- Used names become available immediately after the name of the NFT was changed
How to Buy a Hashmasks NFT: A Step-by-Step Guide
Opensea.io is the secondary marketplace for Haskmasks. Think of Opensea as Ebay and Metamask as paypal. You will need a wallet like Metamask to interact with the platform. If you don’t have one already set up Metmask.io is the official site to download for your browser. Make sure your browser is supported.
Let’s revisit our earlier examples.
By following this link you will be able to view Trump. If you scroll down on the opensea page you can view how rare it’s traits are and use the make offer button if you want to make an offer.
By following this link you will be able to view Sea. If you scroll down on the opensea page you can view how rare its traits are. As you can see they are different to Trump’s traits.
Neither of them is currently listed for sale. So they will only sell if you offer the owner enough. Making an offer will also cost you ETH for the transaction of making the offer.
J1mmy is listed for sale, but make sure you are sitting down before looking at the asking price.
Some owners list their Hashmasks for auction. You will still need to meet their reserve.
Another option is to buy a collection. A quick search on Opensea brings up a collection currently listed for 188.8 Eth.
As with all NFTs, only you can decide if they should be part of your digital assets portfolio. Whether you choose to buy them as an investment or because you love the artwork or the artist, we hope your collecting journey is an enjoyable one.
- The Blockchain Investor’s Guide to NFTs
- Best Cryptocurrency Trading Courses, Rated and Reviewed for 2021
- Ethereum Futures: What Are They and Where Can You Trade Them?
If you want to stay up-to-date with the latest trends and developments in the digital asset markets, subscribe to the Bitcoin Market Journal newsletter.