Stan Lee's Indian Superhero Chakra’s NFT drop sells out under a minute

MUMBAI: The limited-edition Chakraverse NFT collection drop, based on legendary comic book writer Stan Lee-created Indian superhero, ‘Chakra The Invincible,’ has generated major interest with people from 14 countries participating in the auction.

The first drop, which took place on December 27, released 6,865 unique generative art pieces based on characters, and sold out at a speed of 51 seconds, followed by a second release on the morning of December 28 with 5,400 NFT comics, which sold out even faster at 49 seconds—making them two of the fastest NFT drop sellouts in the world.

On December 28, the anniversary of Stan Lee's 99th birthday, the hashtag #StanLeeNFT trended at number three on Twitter in India.

The auction was organised by Orange Comet, one of the world’s leading NFT entertainment studios, in collaboration with BeyondLife.club powered by GuardianLink.io, in partnership with Stan Lee’s POW! Entertainment and Graphic India.

Market experts have termed the drop the most successful US-India NFT sale in history.

"This is a proud moment for us. Our first international NFT drop based on Indian culture received a resounding sell-out in the auctions. We are thrilled to see such an overwhelming response to our exclusive global NFT and this success is validation of Stan Lee’s unconditional fan following in India and globally," said Kameshwaran Elangovan, co-founder and COO, GuardianLink.

Stan Lee stated in 2012 that he had always been fascinated by Indian culture. "It’s so philosophical and rich in tradition and morality. I've written countless superheroes of every nationality and every part of the world before, I’ve even created many heroes from other planets and galaxies, but Chakra The Invincible is the first superhero I am creating specifically for the Indian market. My goal with Chakra is simple—I want to bring an Eastern concept like the chakras to the world via the Western genre of superheroes. " Lee died in 2018.

Widely regarded as one of the greatest creators of popular, mass consumed art in the 20th and 21st centuries, Lee is the writer and co-creator of the world’s most popular superheroes, including Spider-Man, X-Men, Fantastic Four, Iron Man, Hulk, and The Avengers. His characters have generated over $32 billion at the global box office and established some of the most beloved stories in history.

"We are thrilled with the response from fans around the world. In teaming up with Graphic India, POW and GuardianLink.io, we’ve been able to take this amazing franchise and bring Hollywood and Bollywood together into the metaverse, " said Dave Broome, co-founder and CEO, Orange Comet.

The creative production for the drop was done by Orange Comet, who worked closely with the original ‘Chakra The Invincible’ graphic novel artist and character designer, Jeevan J Kang, to design the new generative art pieces based on the comic characters.