Infamous entrepreneur and social media star Ty Lopez is releasing his NFT collection dubbed “OG (original garage) Social Club”. By doing so, he re-focuses the attention of users on his 2015 ad, in which he exhibited his Ferrari and 2,000 copies of books, to promote a business course that has become dubious for many.
In the collection, all tokens have three levels of rarity, including silver “Mentorship” cards, gold “Mastermind” cards, and black “1 on 1 Mentorship” cards. All of them, in one way or another, provide access to Lopez’s products or the opportunity to communicate with him.
So, for example, silver cards have a cost of 18.4 ETH. They give the owners the opportunity to win $10,000 in a basketball game with Lopez. The most expensive gold level NFTs give you the chance to enjoy watching any movie with Lopez once a year for three years.
NFT MARKETPLACE PROHIBITES USING MASSAGERS TO PURCHASE NFT
The marketplace created by Alibaba has reportedly banned 680 users for using massage guns to quickly press a button when buying limited collections of NFTs. They compared this action with spam purchases, and banned users from making transactions on the platform for a year. The platform explained that this precedent is comparable to fraud and violation of user policy.
BORED APE SALES DECLINE 65%
In the last month alone, the sales of the most popular NFT project Bored Ape Yacht Club have plummeted by 65%. Experts believe that this is due to too high price tags for their tokens.
So, for example, only secondary sales of Bored Ape Yacht Club amounted to $92.14 million from 526 traders, which is 58.22% less. Another factor in the decline in sales may be that demand for NFTs across the board has also fallen recently.