Traders are tired of Trump NFTs

This week, former US President Donald Trump tried to outdo his first bizarre foray into Web3, this time with an NFT collection featuring even more ridiculous art than the original. But traders appear to have grown weary of Trump’s digital trading cards, and volumes for both sets have plunged on the secondary market. Sad.

Meanwhile, auction house Sotheby’s (BID) plans to sell a collection of high-value NFTs seized by liquidators of bankrupt crypto hedge fund Three Arrows Capital, auctioning rare CryptoPunks and Chromie Squiggles for the first time since the asset portfolio was assembled in 2021.

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Trump NFTs, take two: In case you missed the first round of weird NFTs featuring the former president in various costumes and poses, Trump’s digital trading cards are back for a new series. Although both collections sold out within a day of launch, the first series was more successful in terms of secondary sales. At the time of writing, Trump’s second collection had a floor price on OpenSea of ​​0.049 ETH – or about $97, which is less than the mint price of $99. Currently, the best offer for a non-fungible token in the collection is 0.0469 ETH, or around $91, highlighting its shrinking perceived value among buyers.

Bulls-eye for Three Arrows’ liquidators: Teneo, the firm tasked with liquidating bankrupt crypto hedge fund Three Arrows Capital, is teaming up with Sotheby’s to sell an impressive collection of seized NFTs worth millions of dollars. The auction house said the Grails collection includes “some of the most significant digital artworks ever assembled,” including rare pieces from Dmitri Cherniak’s “Ringers,” Snowfro’s “Chromie Squiggle,” Tyler Hobb’s “Fidenza,” CryptoPunks and more. The first sales from the collection will take place during Sotheby’s Tent Sale Week in May in New York.

Developers Stay Warm During Crypto Winter: According to data from Web3 developer back-end company Alchemy, Ethereum developers have continued to build decentralized applications despite icy crypto conditions. Roughly nine times more Ethereum wallet software developer kits have been distributed since the first quarter of last year – an all-time high for wallet infrastructure installation.

WHO: Nike (NKE) via .Swoosh

Dubbed Our Force 1, or OF1, the virtual sneaker is a play on the brand’s iconic Air Force 1 design. Collectors will have a choice between two digital boxes — the “Classic Remix” and the “New Wave” box — with each box type corresponding to different possible designs, including a design created by four Nike fans in January.

Each box is priced at $19.82, a tribute to the year the Air Force 1 sneaker was first released. Holders of the OF1 boxes will be able to open them at a later date.

How: Initially, Nike began sending “posters” to random .Swoosh users, giving them early access to the NFT sale that will take place on May 8th. On May 10th, the entire .Swoosh community will be able to purchase the digital goods through the marketplace.

Food for Madlads: The demand for a new NFT mining on Solana was so high that it broke the internet infrastructure behind it. The minting of Madlad’s “xNFTs” was delayed until Friday evening.

Wolf of Wagmi: To commemorate the Oscar-nominated film’s 10th anniversary, Web3 business development firm Aventus is releasing a series of NFTs based on “The Wolf of Wall Street,” giving fans access to behind-the-scenes footage, never-before-seen content and an invitation to an invitation-only event.

Bucharest on the blockchain: Romania’s National Institute for Research and Development in Informatics, or ICI, is releasing a state-backed NFT marketplace on Tier 1 MultiversX, formerly Elrond.

Top brands in Web3, NFT and Metaverse

Many Web2 companies are still investing in and announcing plans for Web3 growth. And while some initiatives have been labeled by critics as clever PR stunts, other projects have achieved great success and brought blockchain technology closer to mainstream adoption.

From Adidas to Budweiser to Dolce & Gabbana, several companies have pushed the boundaries of their current product offerings and found new ways to engage with audiences.