The passing of rock legend Ozzy Osbourne on Tuesday not only left a void in the music industry but also had a significant impact on his non-fungible token (NFT) collection, CryptoBatz. According to data from CoinGecko, CryptoBatz saw a massive spike in value following the news of Osbourne’s death, with prices surging by over 400%.
Launched in December 2021, CryptoBatz offers collectors a chance to own a unique piece of art created by the iconic rock star. The collection’s name pays homage to a notorious incident from Osbourne’s past when he infamously bit the head off a live bat during a concert in 1982.
Despite the initial surge in value, the average sale price of CryptoBatz started to cool down by Wednesday, dropping by 10% to 0.076 ETH between July 22 and July 23. This fluctuation in value is not uncommon in the volatile world of NFTs.
However, CryptoBatz faced controversy early on when The Verge reported in January 2022 that the project had links to a Discord server controlled by scammers. The posts in question have since been removed, but the incident raised concerns about the project’s legitimacy.
The news of Osbourne’s passing at the age of 76 was announced by his family, who expressed their profound sadness at the loss. In a statement, they shared that Osbourne was surrounded by love in his final moments.
The legacy of Ozzy Osbourne lives on not just in his music but also in the unique NFT collection he left behind. Despite the fluctuations in value, CryptoBatz continues to be a sought-after piece of memorabilia for fans of the legendary musician.