Coinbilly Completes Acquisition of Invisible Friends Brand

Coinbilly, a key figure in the development of the Invisible Friends project, has announced the full acquisition of the brand, which includes smart contracts, intellectual property, remaining inventory, and After Effects files. Coinbilly has been involved with Invisible Friends for five years and has worked towards this acquisition for over two years, navigating legal discussions with multiple attorneys. The original artist, Markus Magnusson, who created the initial artwork for the project, will not be involved in its future operations.

Invisible Friends features a collection of 5,000 unique invisible characters, visible only by their clothing and the items they carry. The project gained significant attention following a teaser release in November 2021 and a charity auction on February 23, 2022, which raised $1.3 million for 13 charities. The public minting floor price was initially set at 12 ETH, approximately $30,000 at that time, with trading volumes reaching between 10,000 and 15,000 ETH before the official reveal.

Moving forward, Coinbilly plans to focus on developing physical products, character animations, experimental digital content, and brand collaborations to broaden the brand's reach. He aims to engage users who may not be familiar with non-fungible tokens (NFTs). Current holders of Invisible Friends will receive priority benefits, and Coinbilly intends to launch a commemorative open version for holders at no cost. He has also announced plans to engage with the community through platforms like Discord and X, and will host a livestream on Twitch to discuss the acquisition and future plans.

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Source: KLEA News