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NFT Mystery Box Explained: What Is It and How Do They Work?

What is an NFT mystery box? How does it work? In this article, we are going to cover everything you need to know about it.

What is an NFT mystery box?

NFT Mystery Box

An NFT mystery box contains a random NFT from a certain NFT collection. Mystery boxes usually include NFTs of diverse rarity.

You may get a highly coveted NFT worth thousands or millions of dollars if you’re lucky, or a commonplace NFT that your mystery box compatriots also own if you’re not.

There is no information about the contents of a mystery box until the buyer opens the box and sees what is inside. Indeed, buyers are willing to pay a set price for the unknown item.

Why do people love NFT mystery boxes?

People are intrigued by the chance of getting something unique or rare at a low price when they purchase one of these products.

In effect, they behave like a present, and recipients of gifts want to receive something special or unusual. Buyers of all ages are attracted by the expectation and curiosity from the NFT mystery box.

Mystery boxes are also known as surprise chocolate egg upgrades, a fun treat you’ve likely enjoyed as a kid. They typically include a toy or other surprise in a plastic capsule within a chocolate egg.

You don’t know what you’ll get before you unwrap them. We love them because of the element of surprise, even if we don’t like the toy itself. Mystery boxes operate in a similar way, except you don’t receive the tasty chocolate shell, and quantities are often limited.

The excitement about mystery boxes has permeated the cryptocurrency ecosystem as the NFT market boomed early in 2021. Mystery boxes containing NFTs of different rarity levels have been produced by many companies to excite customers.

There are currently thousands of NFT mystery box series on the market. When you buy a mystery box from a collection, you can get a sense of what you might get by reading the box description. In some cases, you will also be able to see the odds of getting each type of NFT.

Some blockchain games, such as Axie Infinity, DeHero, and Metamon, provide players with limited in-game items in NFT mystery boxes. NFT characters, virtual lands, skins, and other collectibles are just some of the things contained in these mystery boxes.

How does an NFT mystery box surprise you?

The NFT inside the box might surprised you in both ways. As NFTs become more common, the initial sale will rapidly lower their value, but the rare NFTs, as long as there is demand, could have an extensive value.

You might be able to put up for sale or auction highly sought-after mystery box NFTs on NFT marketplaces or auction houses, if you are fortunate enough to obtain them.

Since November 2021, “Everydays: The First 5,000 Days” by Beeple has been the most expensive NFT. A collage of 5,000 pictures is created daily since 2007, and it is an NFT. It was sold at Christie’s for over $69.3 million, establishing a new record for the NFT ecosystem.

Where can I purchase an NFT mystery box?

There are thousands of NFTs for purchase from NFT marketplaces, and they are being released at a rapid rate. The most effective method to locate new mystery boxes is from the best NFT marketplaces, including the Binance NFT Marketplace, OpenSea, Rarible, and SuperRare.

Watch the video below to learn more:

Final Words

The hype around NFT mystery boxes has kept growing as NFT trading volume keeps rising. NFT mystery boxes are a great place to start if you want to start collecting NFTs. The allure of getting rare NFT artworks at a lower cost and the element of surprise keep people interested.

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Zookram is the ultimate guide to learning web3 + crypto. We cover everything you need to know, from how to buy each cryptocurrency to how to mint NFTs.