Blue chip NFT prices wobble, Credit Suisse tries tokens and more

Lowest price for ‘great companies’ is near two-year low

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The largest collection of non-fungible tokens (NFTs) by market capitalization has plunged into a sea of ​​losses as the cheapest NFTs in the collection plummeted over the past week, with some hitting near two-year lows. ing.

Yuga Labs flagship Bored Ape Yacht Club (BAYC) collection – second largest by market capitalization according to To CoinGecko — It hit a low of 27.7 Ether (ETH), or $54,200, on July 3rd, a level not seen since September 2021.

Other top collections such as Mutant Ape Yacht Club (MAYC), Azuki, Cryptopunks and Degods also saw their lowest prices drop this week.

However, the last 24 hours have given NFT holders a small respite, with bottom prices recovering for most of the top collections. Azuki Elementals had the biggest price increase, with its lowest price rising by about 32%.

Credit Suisse challenges NFT

Switzerland-based bank Credit Suisse Said On July 3, it announced that it would issue 756 Ethereum NFTs in partnership with the Swiss Football Association, with 100% of the proceeds going to support women’s football in the country.

This is the bank’s first entry into NFTs and will be available through the bank’s CSX app adding new features for digital assets, so no cryptocurrencies or cryptocurrency wallets are required.

Instead, Swiss francs are used to purchase the NFTs displayed in the app. The bank said this “first step” aims to make digital assets “simple and customer-friendly” for a “broad customer base”.

As for the NFTs, each one depicts a player from the Swiss Women’s National Team and comes with different levels of perks and perks depending on their rarity.

There are three levels of rarity, with 690 of the lowest rarities starting at around $170, and 11 of the rarest priced at over $11,000 (150-10,000 Swiss Francs).

Melania Trump’s NFT Sales Sluggish

Former US First Lady Melania Trump has seen weak sales of her US-made Solana NFT collection, which was launched ahead of the country’s Independence Day celebrations.

Of the 3,000 NFTs released on June 29th, only 586 were sold, with an additional as yet undisclosed and pending sale until July 4th. 500 not included.

Of the releases, the 1776 Collection includes six designs featuring patriotic symbols. There are 500 of each design and they sell for $50 each.

“The 1776 collection of works of art is inspired by some of our country’s most iconic landmarks that I had the privilege of visiting during my tenure as First Lady.” #melania trump#The1776 Collection exclusively https://t.co/d2es7j6pwb#Fox News: https://t.co/HSBeQj8QPc pic.twitter.com/Cu5ruzP4VH

— USAmemorabilia (@USAmemorabilia) June 29, 2023

June 29 Fox News article The collection is meant to celebrate the “foundation of American ideals,” according to President Trump’s office.

Each NFT design has a different audio track embedded with patriotic tunes blaring. A depiction of the Statue of Liberty echoes in the US national anthem, the Stars and Stripes.

A portion of the proceeds from the collection will reportedly go to Fostering the Future, a nonprofit initiative of President Trump aimed at giving computer science scholarships to children leaving orphanages. there is

Dior’s NFT goes silent about the ‘NFT’ part

French luxury brand Dior has NFTs in its new products, but the brand appears to be hesitant to use the term “NFT” in its launch announcement.

On June 30th, Dior announced it would be shipping a new line of shoes. One style was to provide a “digital twin”.

Dior I will explain Twin eShoes will be treated as a “unique and secure digital creation on the Ethereum blockchain”. This wordplay appears to intentionally obscure that the “digital twin” is just his Ethereum-based NFT.

Sneaker alert.
Sneakers “B33” by Kim Jones appeared. #dior men fall 2023 collection. Each pair is equipped with a cryptographic key that grants access to our secure platform and proprietary services. Sign up to make your first purchase online starting July 6th.

— Dior (@Dior) June 29, 2023

The shoe is called the “B33 Sneaker” and comes in 7 different styles. Only the most expensive one at $2,150 comes with an NFT twin.

Related: Yes, the Secret Service has an NFT collection, but no, it’s not for sale

Other shoes start at a bargain price of $1,600 and feature an NFC chip in the sole of the right shoe, granting access to a “platform” displaying a “digital certificate of authenticity.” It is unknown if this certificate is also his NFT.

Other Nifty news

NFT thieves often retrieve phishing tokens quickly, and blockchain security firm PeckShield has found that half of stolen NFTs are sold on OpenSea and Blur within three hours.

Another French luxury brand, Hermès, wins another victory in infringement lawsuit against ‘metabirkin’ NFT artist Mason Rothschild, when US judge orders permanent injunction against all sales of NFTs rice field.

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