TAY LOPEZ’S NFT AND MASSAGE GUN PROHIBITION TO PURCHASE NFT

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.

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