Nifty News: Trump’s NFTs tank, NBA star’s collection gone in 77 seconds and more...
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...