Ethereum News Today: Forexus NFT Collection Sells Out on Rarible Generating 4 000 ETH via MegaETH Layer 2

The non-fungible token (NFT) market is witnessing renewed momentum, marked by a surge in trading volumes and market capitalization. Forexus, a 36-year-old self-taught 3D artist based in Ecuador, has capitalized on this trend with the launch of a new NFT collection titled "Brass Coin" on the MegaETH testnet. The project’s public phase, released on July 25, 2025, via Rarible—a multi-chain NFT marketplace—sold out within minutes, generating over 4,000 ETH in 24 hours. Holders of the "Forexus Allowlist Pass Token" will gain early access to the artist’s debut collection on MegaETH’s mainnet, scheduled for a Q4 2025 launch. The rapid sell-out underscores growing demand for NFTs tied to emerging blockchain infrastructure, particularly those leveraging Layer 2 solutions designed to enhance scalability and transaction speed.

Forexus, known for his photorealistic 3D art and chaotic, Web3-inspired aesthetic, has previously collaborated with platforms like Rarible, producing works such as the "Rise of Abstract" animation. His latest project aligns with a broader shift in the NFT landscape, where artists are increasingly integrating technical advancements in blockchain to offer unique value propositions to collectors. The "Brass Coin" collection is built on MegaETH, a Layer 2 blockchain under development by MegaETH Labs, which claims the network will process over 100,000 NFT transactions per second. This focus on scalability positions the project as part of a wave of NFT initiatives targeting the limitations of existing networks like Ethereum.

The sell-out on Rarible reflects the platform’s role in facilitating rapid liquidity for experimental NFT projects. Rarible’s multi-chain support, spanning Ethereum, Polygon, and Solana, has made it a hub for artists exploring diverse blockchain ecosystems. Forexus’ success also highlights the appeal of NFTs that offer exclusive access to future drops, a model gaining traction among Web3-native creators. However, the project’s long-term viability depends on MegaETH’s mainnet deployment and the perceived utility of early access rights. Analysts note that while speculative demand is strong for such projects, liquidity and demand for NFTs linked to unlaunched infrastructure can be volatile.

Forexus’ background as a RARI DAO member and his reputation for blending Web3 themes with abstract art further align him with the decentralized ethos of the NFT community. His collaboration with MegaETH exemplifies how artists are leveraging next-generation blockchain networks to innovate within the space. The rapid sell-out and high ETH volume suggest a niche but active market for NFTs tied to experimental ecosystems, though risks remain tied to technological adoption timelines and market sentiment shifts.

[1]. Source: [1] [Forexus Drops An NFT Coin – Public Phase Sells Out In Minutes] [https://insidebitcoins.com/news/forexus-drops-an-nft-coin-public-phase-sells-out-in-minutes]