What are hashmasks and how do they work?

These tokens, which mostly reside on the Ethereum network, act similarly to an old stock certificate: You are given a token when you buy a Hashmasks. That token is a public claim of ownership to digital art that resides in private hands. Read more: What Are NFTs and How Do They Work?

What is a hashmask collectible?

The two founders commissioned the artists to create specific parts of Hashmask collectibles—those parts that give each Hashmask a unique rarity, like eye color, skin colour, and the masks themselves—rather than the whole pieces. Then the creators took it among themselves to fit the pieces together like a puzzle.

Did you expect hashmasks to grow so fast?

“We didn’t expect Hashmasks to grow so fast,” David said. By January 30, Hashmasks were trading hands for enormous sums of money. The first collectible called Hashmask 1—which was originally sold for 0.1 ETH on January 28—had been flipped for a 100,000% profit, going for $130,000.

How did hashmasks take the Ethereum world by storm?

Hashmasks took the Ethereum world by storm when they raised $16 million in a weekend. Here’s how it all started. On January 27, an Ethereum fan known as “Cryptopathic” sent a message to his friend and well-known crypto Twitter personality Crypto Cobain—named for his resemblance to the late songwriter Kurt Cobain—about an upcoming artwork sale.