On February 28, the Bing Dwen Dwen’s NFT (Non-Fungible Token) collection officially authorized by the International Olympic Committee was launched for only half a month, and its second-hand price had shot up to 20 times. The highest transaction price was $1888. 

According to public information, the Bing Dwen Dwen’s NFT mystery box, officially issued by the International Olympic Committee, went on sale on nWayPlay platform in the early morning of February 12, Beijing time. The total number on sale was 500 at $99 each, with a limit of 5 per person. 

In addition, the rarity of different Olympic badge NFT collections is also different, divided into four levels: common, rare, epic, and legendary. Each badge has a unique serial number, which can be resold and exchanged on the nWayPlay trading market. 

According to the site, the mystery boxes of all NFT collections had sold out, and the digital collections for resale on the marketplace are all epic or legendary levels. The lowest offer was as high as $566. 

In terms of the final transaction price, one of the Bing Dwen Dwen NFT series has seen the greatest increase, with a total of 22 currently on the market. The lowest bid was $350, and the highest transaction price was $1888, which is nearly 20 times higher than the initial offer price of $99. And the transaction price is continuously rising. Some sellers even set the transaction price as high as $10,444. 

It is worth noting that due to issues such as licensing restrictions on the nWayPlay platform, this Bing Dwen Dwen NFT collection does not accept purchases from users in China.