Trump NFTs Go Normal, Zuck Meters ‘Ten Years’ Away And More.
Trump dares turns to sell more Mugshot NFTs.
He gave us
The team behind the former US president's NFT collection has announced that users who have purchased 100 or more NFT editions of Trump's digital trading cards will now receive a “one-for-one” trading card as a Bitcoin Ordinal.
According to a January 18 X post on CollectTrumpCards, only 200 unique ordinary NFTs will be offered, and only for at least 100 of the latest Mugshot NFTs, which cost $99 each — meaning the user had to spend on it. A total of at least $9,900.
1. Best News Collectors! When you buy 100 Trump Digital Trading Cards using crypto (WETH) in the Mugshot Edition, you'll also get a one-for-one Trump Digital Trading Card.
Your one-of-a-kind card comes out as a Bitcoin Ordinal!
— CollectTrumpCards (@CollectTrump) January 18, 2024
Trump's “mugshot” collection debuted on the Polygon (MATIC) network in December. Mugshot NFTs can be purchased with a credit card or locally traded Ether (WETH).
Specifically, mugshot NFTs and originals cannot be traded until December 2024. The project's official X tag says this is to discredit their use as “investment vehicles” and that the new NFTs are “for individual enjoyment only”.
Pudgy Penguin has set a new all-time high
The Pudgy Penguin NFT collection hit a new high of 19.05 ETH on January 17th – equivalent to $47,000.
The Penguins rose from 10.78 ETH to 17.8 ETH in seven days, one of the only NFT clusters in the broader market to make such a significant move. It comes as other major conglomerates, including Bored Up Yacht Club, continue to post record losses.
Much of the development of the project – although it has been on the back burner for most of the year – has been attributed to the owner of the collection, Luca Netz, who bought the project in April 2022.
Netz took a different approach to building the project by selling plush toys, creating outside sources of income and promoting the project's Instagram page.
NFT trade volumes to fall to $15 billion by 2023: CoinGecko
NFTs generated a total of $11.3 billion in trading volume across ten blockchain networks, down from a total of $14.5 billion in 2022, according to a new CoinGecko report.
In a Jan. 17 report on overall activity in the crypto industry, CoinGecko shared that NFT trading volumes were whipped throughout 2023.
After seeing a sharp uptick in February, activity dipped to an annual low in September but experienced a rapid recovery in the last quarter, thanks primarily to higher demand for Bitcoin Ordinals.
While Ethereum remains the network of choice for NFT traders – capturing an annual volume of 72.3% – Bitcoin surpassed Ethereum in December, trading at $808.0.
Mark Zuckerberg's Metaverse is still ‘ten years' away.
Mark Zuckerberg's Meta has taken more than a decade to come to fruition, but he has no plans to stop investing in Metaverse, according to a Meta executive.
Speaking at the World Economic Forum on January 17, Nicola Mendelsohn, Meta's head of global business, said it could take “a good ten years” to fully realize the company's expansive Metaverse vision.
“There were many. [metaverse] Boost two years ago, and we've always been playing it safe here, telling people we see that it's going to take a good ten years to get to this fully realized vision, and we're still on that journey. “
Mark Zuckerberg made a similar comment in April 2022, saying that it would take more than a decade for his idea of a metaverse to be accepted by the wider community.
Meta has burned more than $47 billion through Reality Labs since 2019.
Other news
Former OpenSea product manager Nathaniel Chastain has appealed convictions for wire fraud and money laundering related to insider trading. Chastain's legal team argued that the US government was entitled to an exemption from OpenSea's failure to prove that information related to the NFTs qualified as assets.
Elon Musk caused an uproar with NFT fans when he removed support for NFT profile pictures on X. The social media platform introduced the feature on January 20, 2022, which allows paid subscribers to link their NFT to their Twitter profile pictures and change their profile picture. A hexagon to indicate that it is an NFT.
‘It Hurts To Think': NFT Creator Ne Alex Is Selling 70 CryptoPunks Too Early
