The floor prices of major nonfungible token (NFT) collections experienced a significant decline, reaching nearly two-year lows. However, within the past 24 hours, there has been a slight recovery in these prices. Yuga Labs’ Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, CryptoPunks, and DeGods are among the top collections that witnessed a decline in floor prices during the week. Interestingly, Azuki Elementals recorded a notable increase of almost 32% in its floor price.
Credit Suisse takes a shot at NFTs
Swiss-based bank Credit Suisse announced its foray into the NFT space by collaborating with the Swiss Football Association. They plan to release 756 Ethereum-based NFTs, with all proceeds going towards supporting women’s soccer in Switzerland. These NFTs will be available through the bank’s CSX app, eliminating the need for a cryptocurrency or crypto wallet. Instead, customers can use Swiss francs to purchase these NFTs, which will be displayed within the app. The NFTs feature players from the Swiss Women’s National Team and offer various benefits based on their rarity.
Slow sales for Melania Trump’s NFTs
Melania Trump’s Solana NFT collection, released ahead of Independence Day celebrations, has seen sluggish sales. Out of the 3,000 NFTs released, only 586 have been sold so far. An additional 500 NFTs are yet to be revealed and will be held back until July 4. The collection, named “The 1776 Collection,” showcases designs inspired by iconic American landmarks and includes an audio track featuring patriotic tunes. A portion of the proceeds from this collection will be donated to Trump’s “Fostering the Future” non-profit initiative, which supports scholarships in computer science for children leaving foster care.
Dior’s NFTs go quiet about the ‘NFT’ part
French luxury brand Dior introduced a new line of shoes that come with a “digital twin,” resembling an NFT. However, the brand’s announcement seems to deliberately avoid using the term “NFT.” The shoes, called “B33 sneakers,” are available in seven styles. The most expensive pair, priced at $2,150, includes the NFT twin, while others feature an NFC chip granting access to a platform displaying a “Digital Certificate of Authenticity.”
In other nifty news, blockchain security firm PeckShield discovered that stolen NFTs are often quickly sold within three hours on platforms like OpenSea and Blur. Hermès, another luxury brand, secured a win in its infringement case against the “MetaBirkin” NFT artist Mason Rothschild, obtaining a permanent injunction on all NFT sales related to the artwork.