Widespread enthusiasm for the non-fungible token (NFT) market has cooled significantly in 2022, but that didn’t stop a host of popular and wealthy figures from stinking up the space with gruesome collections last year.
In the 2022 edition of the worst NFT cash grabs from influencers and celebrities, Cointelegraph takes a look at four projects seemingly designed to extract capital from the pockets of their fans, while delivering very little.
Tai Lopez — OG (Original Garage) Social Club
First on the list is eccentric businessman Tai Lopez, best known for his cheesy marketing campaigns that used to plague YouTube not too long ago.
Lopez’s most famous video is his 2015 “here in my garage” business course promo, where he first shows off his Lambo before changing gears, noting that he is most proud of the thousands of books he owns because of “knowledge” that they provide .
Paying homage to the video, Lopez released a collection dubbed “OG (Original Garage) Social Club” in March.
NFTs came in three levels of rarity, from $150 on the low end to $50,000 for premium tokens that offered exclusive benefits like a one-on-one basketball game with Lopez, watching a movie or having dinner together, and private tutoring sessions.
However, current OpenSea data now paints a bleak picture, with the floor price for all NFTs, regardless of rarity, at 0.08 Ether (ETH) or $97 at the time of writing.
Looking at premium NFTs, the basketball-related token is on sale for as little as 0.880 ETH ($1,069), while an NFT granting access to a one-on-one dinner with Lopez is now on sale for 1 ETH ($1,214). despite first selling for around $30,000.
Donald Trump – Trump Digital Trading Cards
Although he has historically hated cryptocurrency, former President Donald Trump announced a bizarre licensed NFT project in December consisting of 45,000 trading cards with the same theme.
Shoddy and potentially plagiarized NFT artwork depicted Trump in various guises, including as a superhero, a hunter, a cowboy, and a golfer. NFTs offered buyers the chance to win a wealth of one-on-one experiences with the 45th President through sweepstakes.
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Trump Digital Trading Card NFT: OpenSea
The NFTs were initially sold for $99 each and quickly sold out on December 16 with the floor price rapidly rising to 0.83 ETH ($1008) on OpenSea within two days. However, since then, the price has plummeted significantly to 0.164 ETH ($199).
While first-time buyers are likely still in the green, the Trump NFT project is good either way, pocketing around $4.5 million from initial sales, with a 10% ongoing creation fee. who also returns through high school sales. markets.
Floyd Mayweather Jr.—Mayweverse
Boxing icon Floyd Mayweather Jr. is also on the 2022 shortlist for an NFT project that appears to have been completely abandoned as of this writing.
Tweeting on March 22, Mayweather announced the “Mayweverse” consisting of 5,000 NFT collectibles.
“If you are in the NFT world and you are betting on me, you will never lose,” he said.