Spritehood sold out the paid portion of its NFT mint on Robinhood Chain in roughly 53 minutes on Aug. 11, according to reporting cited from The Defiant. The launch generated about $1.283 million for Pudgy Penguins co-founder Cole Villemain based on transaction analysis published after the sale.

The figures indicate that 42,956 NFTs were sold across two paid price tiers, while another 1,488 tokens had already been distributed for free. That puts the reported collection size at 44,444 items, although public review of the contract’s mechanics is limited because the contract code is marked unverified on Blockscout.

How the mint proceeds were calculated

The reported total comes from an on-chain review by analyst 0xlaplaced. According to that breakdown, 37,430 Spritehood NFTs were minted at $17 each, producing $636,310 in proceeds. Another 5,526 NFTs were minted at $117 each, adding $646,542.

Together, those two groups account for $1,282,852 in sales from 42,956 paid mints. The same analysis translated the sum to about 684.28 ETH using Ether’s price during the sale. The final result was notably higher than an earlier estimate of around $755,000 that circulated before the mint had concluded.

Supply expanded beyond the paid sale

The transaction review also found that the deploying address had sent out 1,488 NFTs at no cost before the public sale. Those transfers were made through 20 zero-price transactions, according to the supplied report.

When those free distributions are added to the paid mints, the reported total supply reaches 44,444 NFTs. The available figures show how many tokens were issued and at what prices, but they do not explain what determined whether a buyer paid $17 or $117.

Unverified contract limits transparency

Spritehood’s contract page on Robinhood Chain’s Blockscout explorer displays an unverified label. That means the explorer does not provide publicly matched human-readable source code for the deployed bytecode, even though the contract can still function and its transactions can still be recorded on-chain.

As a result, independent observers cannot use Blockscout alone to inspect the full logic behind the collection’s pricing and distribution. The label does not by itself show that the contract is malicious or broken, but it does reduce the amount of information available for public scrutiny through the explorer.

What is confirmed and what remains unclear

The supplied report says Villemain launched Spritehood on Aug. 11 after previously being removed from the founding team of Pudgy Penguins. Beyond the mint totals, however, the report does not identify any benefits, future access rights, or other features tied to the NFTs.

It also does not indicate that Robinhood organized, promoted, or endorsed the launch. Robinhood describes Robinhood Chain as a permissionless Ethereum Layer 2, which means outside developers can deploy applications and tokens there without those projects being official Robinhood products. For now, the clearest confirmed next step is further scrutiny of the on-chain activity, since the final proceeds can be reconstructed from completed transactions even without verified source code.

Source: crypto.news