Trump drops more NFTs before presidential election, Meta opens to teenagers and more

Trump drops more NFTs before presidential election, Meta opens to teenagers and more

Trump drops Series 2 NFT collection before presidential election

Another round of digital non-fungible tokens (NFTs) trading cards has dropped and looks like former US President Donald Trump, with 38,001 minted on Polygon (MATIC).

Launched on April 18 at a price of $99 each, the collection currently has a bottom price of 0.0659 ETH ($145) according to data from NFT marketplace OpenSea and has amassed a volume of 592 Ether (ETH), or over $1 .2 million.

Based on the 10% collection creator fee, sales have generated over $100,000, while the first subscription generated an additional $3.76 million in revenue based on a $99 retail price.

A screenshot of Trump’s April 18 Instagram post. Source: Instagram

Posting on Instagram, Trump suggested he was keeping the price the same as it was for the first series “because I want my fans and supporters to make money and have fun with it,” adding:

“I could have raised the price MUCH HIGHER, I think it still would have sold well, with a lot more money coming my way, but I chose not to. I WANT NO CREDIT TO ‘NICE GUY’?”

The first series, which was unveiled on December 15, has seen floor prices fall 61% in the past 24 hours according to OpenSea, even as trading volume increased 1,011%.

Meta opens up Horizon Worlds to teenagers in a bid for more users

Teens from the US and Canada can now use the virtual reality (VR) app Horizon Worlds after Big Tech firm Meta opened it on April 18. It was previously restricted to people aged 18 and over.

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The decision comes after Horizon Worlds fell well short of its monthly active user target for 2022, recording an average of just 280,000 over the year compared to the 500,000 it had targeted, according to data website Statista.

Various advocacy organizations and security groups have called on Meta CEO Mark Zuckerberg to halt plans to allow minors into the metaverse. An open letter on April 14 argued that Meta should wait for more peer-reviewed research on the potential risks of allowing youth in the metaverse.

The letter claimed that minors will be subject to harassment and privacy violations on the VR app, which is still in its early stages.

Meta’s announcement appeared to address those concerns as it focused heavily on ways it plans to reduce those risks through features like parental control tools and limiting interactions between teens and adults they don’t know.

The key takeaways listed in Meta’s public announcement. Source: Meta

Nike starts first .SWOOSH digital collection with NFT sneakers

Global sportswear brand Nike launched its first NFT collection through its Web3 community platform .SWOOSH, a digital version of the “iconic” Air Force 1 sneaker from 41 years ago.

The polygon based NFTs are priced at just under $20 and are available to all .SWOOSH members. According to Nike, the NFTs will have a number of benefits such as “special access to physical products and experiences.”

Related: What happens to your NFTs when you die?

Nike added that it will “introduce other new tools and benefits” to its virtual creations in the near future.

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After Nike announced the upcoming launch of the NFT Marketplace in November 2022, the community voted that Nike’s first collection of digital assets should be based on the Air Force 1 sneaker.

Smurfs enter Web3 with new NFT collection

The popular cinematic animated franchise The Smurfs is set to launch a new collection of NFTs in collaboration with the Web3 platform, The Smurfs’ Society.

The first public sale of the 12,500-strong NFT collection began on April 18 with 3,000 NFTs depicting various Smurfs characters up for auction at an average bid price of 0.02 ETH ($42).

According to The Smurfs’ Society, the NFTs will allow owners to attend VIP events, get unique rewards and participate in members-only games.

Some of the bidders seem to be either big fans of the Smurfs or are speculating that prices will increase after the mint given the top three bids are for 847 of the NFTs.

Current bids on the NFT collection. Source: The Smurf Association

Among the 250 or more characters available are Papa Smurf, Brainy Smurf and Smurfette. The collection will have over 350 unique properties according to the Smurf Association.

More good news:

Blockchain game newcomer Illuvium sold an NFT for over $49,000 after finding a rare NFT in a digital loot box. The lottery box cost only $32, which means that the lucky player made a profit of approximately 140.525%.

Speaking to Cointelegraph, art market economist and academic Magnus Resch suggested that “the most important pillar of any NFT project is the community” and believes that some NFT projects have failed because they treated their community as an audience following their project instead of contributing to the. .

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