Matthieu Bessudo is a French artist known as “McBess” living in London. ​On Monday, 21 November 2022, Great Bowery and B&A Reps helped launch his inaugural NFT collection: Cel Mates.

 Cel Mates is a generative collection of ERC-721 tokens minted on the Ethereum blockchain comprised of 4,207 “Cel Mates,” illustrated convicts who are “eternally locked in the Ethereum prison blockchain.” Each of the artworks are meant to function as a skeleton key to the ‘Steel Hose Penitentiary,’ a members-only digital space meant for counter-culture creatives to hang out, share, and collaborate. Within this space, token-holders will interact with McBess and his team, have access to content, unique physical merchandise, and gain access to digital and physical events.

Cel Mates “Crime Reports,” defined as a pre-NFT reveal assets, were minted on OpenSea on 21 November 2022. Those crime reports have generated ~2500 Eth (USD $3.17M) in transactions at primary and secondary to date and will be “burned” (definition: traded in) on Friday 02 December 2022 when the final Cel Mates illustrated artworks will be revealed. Cel Mates NFTs come in five categories and will be valued based on rarity of traits per asset.

RESULTS BY NUMBERS:

30 SECONDS:

The project minted ‘Crime Reports,’ a pre-NFT reveal asset on OpenSea, and sold out in 30 seconds. Each NFT was priced to sell at 0.333 Eth (USD $423.26).

 The total volume of (USD $3,177,625) the Ethereum cryptocurrency translation for the project date.

122.22% VALUE INCREASE:

Cel Mates ‘Crime Reports’ were minted at .0333 Eth ($423.26) and the current floor price value is at 0.74 Eth.