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Buyers staked $64M chasing $75 NFTs; most funds refunded, Blokyz kept $561K

Market News
29 Aug 2026
BeInCrypto
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Blokyz, a Web3 collectibles company, saw $64 million staked in 24 hours for its $75 Original Blokyz NFT raffle, with 853,964 entries vying for 7,500 NFTs. Each unsuccessful entry was refunded, so Blokyz only kept about $561,000 from the sale. Although the large amount temporarily queued suggests high interest, the actual revenue was modest compared to top NFT projects. The event highlights strong demand but also the temporary nature of funds involved, raising questions about sustained market momentum.

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