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Blockchain game Abyss World has announced the postponement of the SUI airdrop to Gazer this month, citing a funding crisis and deception by their early main investor , Chainhill Capital. This becomes another in the list of development teams affected by Chainhill Capital’s failure to pay our funds. Making amends The community administrator of the blockchain game Abyss World alleges that the company came across unforeseen financial difficulties that resulted in the non-receipt of the investment funds intended for Abyss World and other projects. Abyss World has found itself in arrears for over six months, and despite their commitment to expanding the team as initially promised, the company depleted its cash reserves beyond initial plans. The announcement also stated the project’s commitment to making amends for the losses suffered by affected community users and maintaining a comprehensive record of Gazer holders. Facing financial limitations and unable to fulfill ma...

Trump’s first NFT collection has seen its value plummet by more than 60% following the latest launch which comes ahead of his 2024 presidential bid. Trump drops series 2 NFT collection ahead of presidential run Another round of digital nonfungible tokens (NFTs) trading cards have dropped bearing the likeness of former United States President Donald Trump, with 38,001 minted on Polygon (MATIC). The collection was launched on April 18 at a price of $99 each, it currently has a floor price of 0.0659 ETH ($145) according to data from NFT marketplace OpenSea and has racked up a volume of 592 Ether (ETH), or over $1.2 million. Based on the collections creator fee of 10% the sales have generated over $100,000, while the initial subscription generated an additional $3.76 million of revenue based on a sale price of $99. A screenshot of Trump's April 18 Instagram post. Source: Instagram Posting to Instagram, Trump suggested that he kept the price the same as it was for the first series “bec...

NFT gaming is at a similar stage to the early mobile gaming days, says a Magic Eden exec, while an analyst from Dune Analytics claims 58% of NFT trading volume this year has been wash trades. 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...