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

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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 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.

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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.

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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 Akhavan, the chief gaming officer of Solana-based NFT marketplace Magic Eden, believes thaNFT/blockchain gaming is at a similar stage to the early days of mobile gaming.

“I was around in the very early days of mobile gaming, right after the iPhone came out, the App Store came out,” he told TechCrunch on Dec. 21, adding that “I remember the attitude back then amongst traditional gaming companies was that mobile games were stupid.”

Despite facing much skepticism in its early days, mobile gaming has gone on to become the most popular method of gaming across the globe. A report from New Zoo in Jun.2020 in particular, highlighted that there were 2.5 billion mobile gamers compared to 1.3 billion PC gamers and 800,000 million console gamers that year.

As such, Akhavan is not fazed by the criticism of the Web3gaming space and tips it to boom over the next few years.

“We think the same journey is going to happen in Web3,” he said, emphasizing that billions of dollars have already been invested in the Web3 gaming studios to build out a new avenue for gaming.

NFT wash trading on Ethereum

The impressive trading volumes of Ethereum NFTs may be a “mirage” according to a recent Dune Analytics blog post from pseudonymous NFT market analyst hildobby.

This is because NFT trading volumes on Ethereum may have been skewed by significant NFT wash trading, which hildobby says made up of around 80% of total trading activity in January this year duringnits

Looking more broadly at the entirety of 2022, that figure sits at around 58% according to hildobby’s data, highlighting that the issue is still rampant and that trading volumes may not necessarily be the best indicator of a NFT marketplace’s usage.

“In a nutshell, the most common method is trading your own NFTs between two wallets you control for the highest amount of ETH possible. The goal is to accrue token rewards with a value in excess of the gas fees you pay,” hildobby wrote, adding that:

“The boom in wash trading really made life tough for us data analysts, since it skews basic statistics that we use to track marketplace usage.”

Limit Break CEO and Web3 game designer Gabriel Leydon highlighted via Twitter on Dec. 20 that the removal of royalty fees by a number of NFT marketplaces may have significantly contributed to this issue.

“Exchange incentivized wash trading will destroy NFTs. It’s amazing how many different ways royalties were important for the space,” he wrote, while suggesting that royalty fees had previously “tamed the exchanges and prevented washtrading on the scale we’re seeing now.”

Exchange incentivized wash trading will destroy NFTs. It’s amazing how many different ways royalties were important for the space.

— Gabriel Leydon (FREE,OWN) (@gabrielleydon) December 19, 2022

Various data platforms such as CryptoSlam have since developed their own methods to filter out potential wash trades, and in their post, hildobby outlined how they are filtering out such trades from their analyses moving forward.

Related: What is the relationship between blockchain and Web3?

In particular, hildobby is now flagging trades where the buyer and seller have the same wallet address, NFTs that are sent back and forth between two wallets, addresses that buy three of more of the same NFT, and wallets in which the buyer and seller were first funded by the same initial wallet.

“When we apply all these filters, the results are eye-opening. On Ethereum, wash trades are only 1.5% of all trades, but…….Over $30B of NFT trading volume - almost 45% of the total - is from wash trading.”

Other Nifty News:

Independent game developer Metaverse Game Studios, which boasts a host of developers that have worked on various AAA titles such Far Cry and Diablo Immortal, has announced a partnership with Web3 development platform ImmutableX to continue building its upcoming RPG Angelic.

Blockchain entertainment firm Coda Labs commissioned a survey targeting game developers to have a peek into their thoughts on Web3. The researchers found that a majority of the respondents believe Web3 gaming is on its way to their firms, with 75% expecting to work on Web3 projects in the future.

Source

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  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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