This 26-year-model turned entrepreneur named “Ernest” made over $40 million in sales selling NFTs at HYPEBEARSNFT has proven to be an instant money maker for Ernest new HYPEBEAR NFT, as it quickly sells out of virtual plots of land to sell. Ernest has earned over $40 million selling 57 nonfungible tokens, or NFTs, of his artwork in less than a week.
Though he has been a designer and illustrator for over nine years, Ernest in his initial days worked as a model making over $1M in Shopify sales before he decided to make a bigger name for himself and entered the NFT Market. He minted his first NFT in February. He created it after Bears and named it, HYPEBEARS.
“Straightaway, I got a few bids,” the 26-year-old says.
Ernest, who is based in Singapore, went on to sell more NFTs of his HYPEBEARS on marketplaces like Foundation and SuperRare, in addition to commissions.
HYPEBEARS are cartoon-like 3-D portraits of different kind of BEARS and characters. They’re also non-generative, which means Ernest created each one, one at a time. Ernest currently has a classic collection of 10,000 unique creations.
“Most of them are inspired by mythology and anime,” he says.
Though prices varied, each of the HYPEBEARs NFTs sold for at least 1 ether, which is about $4,706 at current prices.
In addition to his HYPEBEARS, Ernest also designed and sold another project called HYPEPANDAS, which is a collection of 3-D illustrations depicting the PANDA BEAR.
The floor price for each HYPEPANDAS NFT is about 1.22 ether, or around $5,741 at current prices, according to Foundation.
Though he was “doing quite well” as a model before NFTs, “it was not at this speed. It’s like three, four years’ worth of work in a month,” with income to follow, Ernest says. “That was quite incredible to see.”
Going forward, he plans to mostly focus on NFTs full-time, since “NFTs enable me to have something which is more self-expressive.”