Floor prices for “major companies” near two-year lows
The largest non-fungible token (NFT) pools by market cap are in a sea of red as the cheapest NFTs in their pools have splashed over the past week with some dropping near two-year lows.
The Leading Bored Ape Yacht Club (BAYC) Collection From Yuga Labs – The Second Largest Collection By Market Capitalization according To CoinGecko – The price reached 27.7 Ether (ETH), or $54,200 on July 3, a level not seen since September 2021.
Other major groups including Mutant Ape Yacht Club (MAYC), Azuki, CryptoPunks, and DeGods also saw their floor prices fall throughout the week.
However, the past 24 hours have given NFT holders a small respite, with floor prices picking up on most major pools. The biggest gainer was Azuki Elementals with a price increase of nearly 32%.
Credit Suisse takes a shot at NFTs
Credit Suisse, the Swiss bank He said On July 3, it teamed up with the Swiss Football Association to launch 756 Ethereum NFTs with 100% of the proceeds going to support women’s football in the country.
It’s the first time the bank has delved into NFTs, which will be made available through the bank’s CSX app that adds a new functionality for digital assets — no cryptocurrency or cryptocurrency wallet required.
Instead, Swiss Francs will be used to purchase the NFT that will appear in the app. The bank said this “first step” was intended to be “simple and easy to use” so that a “broad customer base” could access the digital assets.
As for the NFTs, each one depicts a player from the Swiss women’s national team and comes with different levels of perks and benefits depending on their rarity.
There are three rare levels with 690 of the least rare starting at around $170 while the most rare tier 11 has a price tag of over $11,000 (150 to 10,000 CHF).
Slow sales of Melania Trump’s NFTs
Former first lady of the United States Melania Trump is seeing slowing sales of the all-American Solana NFT collection, which was released ahead of the country’s Independence Day celebrations.
Of the 3,000 NFTs released on June 29, only 586 have sold — which doesn’t include an additional 500 that haven’t been disclosed yet and have been suspended from sale through July 4.
Of those unveiled, the “1776 Collection” contains six different designs decorated with patriotic symbols. Each design contains 500 pieces and retails for $50 a pop.
“The 1776 collection of artworks is inspired by many of the iconic landmarks of our nation, which I had the privilege of visiting during my time as First Lady.” #Melania Trump#Collection_1776 exclusively in https://t.co/d2es7j6pwb#FoxNews: https://t.co/HSBeQj8QPc pic.twitter.com/Cu5ruzP4VH
– USAmemorabilia (USAmemorabilia) June 29, 2023
June 29, Fox News condition It reported that the group was to celebrate “the foundations of American ideals,” according to Trump’s office.
A different soundtrack is embedded in each NFT design that blasts patriotic tunes. One of them depicts the Statue of Liberty ringing the sound of the star-spangled pennant, the national anthem of the United States.
It has been reported that a portion of the proceeds from the collection will go to Trump’s nonprofit “Powering the Future” initiative which aims to award computer science scholarships to children who leave foster care.
Dior NFTs Are Keeping Quiet About the ‘NFT’ Part
A new product from French luxury brand Dior will come with an NFT, but the brand appears to be shy about the term “NFT” in its launch announcement.
On June 30, Dior announced that it would be shipping a new line of shoes—one style offering a “digital twin.”
Dior Describe Electronic double shoes as a “unique and secure digital creation on the Ethereum blockchain” – a wordplay that seems to deliberately obscure that a “digital twin” is simply an Ethereum-based NFT.
Sneakers alert.
Introducing the B33 sneaker from Kim Jones, from #DiorMenFall Set 2023. Each pair is equipped with an encrypted key that grants access to a secure platform and exclusive services. Sign up to be the first to shop online from July 6th.– Dior (@dior) June 29, 2023
This shoe is called the “B33 Sneaker” and is available in seven different styles. Only the most expensive, at $2,150, comes with a twin NFT.
Related: Yes, the Secret Service has an NFT collection, and no, it’s not for sale
Others, starting at a bargain price of $1,600, come with an NFC chip in the sole of the fitting shoe that grants access to a “platform” that displays a “digital certificate of authenticity.” It is unclear if this certificate is also the NFT.
Other Nifty News
NFT thieves are often quick to offload fraudulent tokens, with blockchain security firm PeckShield finding that half of stolen NFTs are sold within three hours on OpenSea and Blur.
Hermès, another French luxury brand, scored another victory in its infringement case against NFT artist “MetaBirkin” Mason Rothschild as a US judge ordered a permanent injunction on all NFT sales.
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