The mainstream hype for the non-fungible token (NFT) market has cooled significantly in 2022, but last year saw a number of popular wealthy figures stink the space with horrifying collections.
In its 2022 edition of The Worst Influencer and Celebrity NFT Cash Earnings, Cointelegraph examines four projects that seem designed to squeeze capital out of fans’ pockets, but offer little.
Tai Lopez — OG (Original Garage) Social Club
First on the list is eccentric entrepreneur Tai Lopez. He is best known for the cheesy marketing campaigns that plagued his YouTube not so long ago.
Lopez’s most famous video is the 2015 business course promo “here in my Garage,” where she first shows off Lambo before switching gears, saying she’s more proud of the thousands of books she owns. says. .
In honor of the video, Lopez launched a collection in March called OG (Original Garage) Social Club.
NFTs come in three tiers of rarity: a 1-on-1 basketball game with Lopez, watching a movie, having dinner together, or a tutoring session.
Tai Lopez is selling an NFT that gives you a chance to win $10,000 if you beat him in a 1v1 basketball game.
price? $50,000. pic.twitter.com/ySJc52PItu
— Coffeezilla (@coffeebreak_YT) March 5, 2022
However, OpenSea’s current data paints a grim picture, with the lowest price for any NFT, regardless of rarity, at 0.08 Ether (ETH) or $97 at the time of writing.
Looking at premium NFTs, basketball-related tokens sell for as low as 0.880 ETH ($1069), while NFTs granting access to a one-on-one dinner with Lopez are currently priced at 1 ETH ($1214). It is sold. It initially sells for around $30,000.
Donald Trump — Trump’s Digital Trading Cards
Former President Donald Trump, despite his historical cryptophobia, announced a bizarre licensed NFT project in December consisting of 45,000 self-themed trading cards.
NFT’s shoddy and potentially plagiarized artwork depicted Trump in various forms, including superheroes, hunters, cowboys and golfers. It provided an opportunity to gain a lot of experience.
NFTs initially sold for $99 each, but quickly sold out on December 16th, with the lowest price on OpenSea soaring to 0.83 ETH ($1,008) within two days. However, since then the price has dropped significantly to 0.164 ETH ($199).
The first purchasers are likely still profitable, but the Trump NFT project made about $4.5 million from the first sale, with ongoing 10% creator fees coming back through secondary sales as well. So in any case it’s a good one. market.
Floyd Mayweather Jr. — May Webers
Boxing icon Floyd Mayweather Jr. is also making a 2022 list of NFT projects that at the time of writing appear to have been completely abandoned.
Mayweather announced the 5,000 NFT collection “Mayweather” in a tweet on March 22nd.
“If you’re in the NFT world and betting on me, you’ll never lose,” he said.
here before project slow lag. Do you have a reputation for promoting fraud? pic.twitter.com/szJQmwqTkT
—ZachXBT (@zachxbt) March 21, 2022
The NFT will initially go on sale April 13th at a mint price of around $900, giving Hodler the chance to win prizes ranging from $5,000 to $30,000 and Mayweather in the upcoming metaverse called “Floyd’s Jim.” It provided a special experience such as participating.
Since minting, May Webers’ Twitter account has been dormant, with not a single follow-up tweet throughout 2022.
The website’s roadmap also doesn’t have a date, despite initially stating that other “future benefits” would be announced soon.
OpenSea data also makes it difficult to see what’s going on in the project.
One Maywevere collection listed on the marketplace contains 73 not-for-sale tokens with no price history. Another contained 5 NFTs and ended up selling for less than 0.050 wrapped ETH ($60), while the lowest price was 0.1 ETH ($121).
Lana Rhoades — CryptoSis.
Last on the list is popular influencer and former adult film star Lana Rhoades, who launched the now-abandoned Crypto Sis NFT project in February 2022.
Crypto Sis consists of 6,069 Rhoades-themed cartoon avatar NFTs, originally intended for 6,969, but fell short due to lack of demand.
The mint price of the NFT was around $261, but since its launch in February 2022, OpenSea’s value has essentially remained at $0 as total trading activity has been less than 1 ETH.Twitter page of the project Current pause.
Rhoades reportedly pocketed $1.5 million from the sale and quickly withdrew the funds from her Ethereum wallet before walking away from the project altogether, saying her community was too negative. .
Related: Crypto Adoption in 2022: What Events Moved the Industry Forward?
In a now-deleted social media post, Rhoades initially offered a number of utilities such as access to whitelist future drops, participation in the Metaverse community, signed merchandise, and a virtual meet and greet. It also advertised that you would be able to use avatars in the Metaverse.
Mr Rhoades claimed he was working hard to make the project “a profitable investment for the holders to sell for more than they paid the Mint”.
But none of that came to fruition, and people in the community began to accuse her of pulling rugs. I countered that there was nothing I could do.