After a sell-out launch that pocketed roughly $4.45 million from primary sales, former United States president Donald Trump’s NFT collection is already on a crash course towards earth.
Trump rolled out his odd-ball self-themed 45,000 NFT trading card collection on Dec. 16 for $99 a pop. The NFTs were all gobbled up within a couple hours of launch, and within the next two days the floor price shot up to an all-time-high of around 0.83 Ether (ETH), or $1,006 on OpenSea.
Since then however, the floor price has been volatile, while some in the community have highlighted that the NFT artwork may been plagiarized from other sources.
According to OpenSea data at the time of writing, the floor price sits at 0.2 ETH ($242), marking a hefty retracement of roughly 75%.
Trump NFTs Tanking as Hype Dies, Floor Price Down 70% https://t.co/gFAQLguJbl
— Commom’sen (@SenCommom) December 21, 2022
24-hour trading volumes have also dried up significantly, going from around 1,541 ETH ($1.8 million) on Dec. 18, to just 14.37 ETH ($17,402) by Dec. 21.
Gone in 77 Seconds
Another big celebrity name jumped on the NFT bandwagon this week. NBA hall of famer and Chicago Bulls great Scottie Pippen launched a NFproject that sold out in just 77 seconds.
The drop dubbed “Scottie Pippen SP33” consists of 1,000 unique NFT Metaverse wearable sneakers which went for a mint price of 0.2 ETH ($241). The NFTs are Ethereum-based and said to be compatible with “just about any ecosystem.”
The floor price has since risen to 0.42 ETH ($507) according to OpenSea data, and the project has generated 211 ETH ($255,000) worth of trading volume since Dec. 21.
A limited number of randomly chosen hodlers will also receive bonus benefits, with 33 receiving a physical pair of sneakers, two getting the chance to play golf with Pippen and one lucky person getting a tour of Pippen’s home town plus a dinner afterwards.
The NFTs were developed in partnership with Web3 entertainment firm Orange Comet, which seems to have a solid format down pat given that it also produced a collection for Sir Anthony Hopkins that sold out in just seven minutes.
SP33 SOLD OUT IN 77 SECONDS
ORANGE COMET MAKES HISTORY ONCE AGAIN
Thank you all for participating in the @ScottiePippen SP33 Mint on @opensea.
Things only get better from here, stay tuned for more announcements on the utility reveal…https://t.co/cRXVOidCtV
— Orange Comet (@OrangeCometNFT) December 20, 2022
NFT gaming akin to early mobile gaming days
Chris…
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