After the long-reigning Queen Elizabeth II of England passed away, an Ethereum (CRYPTO: ETH) NFT project that produced hundreds of pieces of memorial art in the previous two months is now hosting its final auction for the collection.
Early in July, QueenE started hosting auctions for a single Ethereum NFT image made in Queen Elizabeth's honor.
Fabio Sevá, the author of Web3, and the unidentified mladen.eth apparently worked together to establish the project, which had the goal of regularly releasing new procedurally produced works for the length of Queen Elizabeth's reign.
Related Link: Queen Elizabeth II Dies At Age 96: Looking At The Legacy Of Longest-Reigning British Monarch, Her Wealth, Family And Succession
Project Format Inspired by NFT Project Nouns The concept took inspiration from NounsDAO, a cutting-edge NFT project that allows buyers into an exclusive club by auctioning a single Ethereum-based profile photo each day. QueenE looked at this idea and added a royal touch by making low-resolution photographs of Queen Elizabeth II available.
The QueenE auctions used to take place every several hours, but now they only occur once a day.
The 73rd NFT Is the Final One After learning of Queen Elizabeth's death yesterday night at the age of 96, the project stated that the current auction — for the 73rd Ethereum NFT in the collection — would be the final one held as a part of the original collection.
A future "Gen2" collection was alluded to on the QueenE Twitter (NYSE:TWTR) account (@QueenEDao), but no details have been released as of yet.
"Once portraits of the Queen, every day... ending today. Rest in Ethereum, forever," the project's profile on Twitter declared.
The last QueenE Gen1 NFT is presently being bid on for 0.5 ETH, or around $825, and the auction is set to end tomorrow morning (Saturday) around 4 a.m. ET.
The most expensive ETH sale price of any item was paid for the collection's QueenE #23, which sold for 1.9 ETH on July 27. At the time, it was worth $3,275.
The QueenE NFTs have seen a rise in secondary sales since the passing of Queen Elizabeth II. At the moment, the floor price at OpenSea is 0.88 ETH, or around $1,450.
Photo: QueenE NFT via QueenE
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