The former U.S. president‘s second collection isn’t as successful as his first drop was, while Sothebys plans to sell an impressive NFT collection seized from Three Arrows Capital.
Trump Series 2 NFT
This week, former U.S. President Donald Trump tried to outdo his first bizarre foray into Web3, this time with a non-fungible token (NFT) collection with even more ridiculous art than the original. But it appears traders have grown tired of Trumps digital trading cards, and volumes for both collections have plummeted on the secondary market. (Sad.)
Meanwhile, auction house Sothebys (BID) plans to sell a collection of high-value NFTs seized by liquidators of bankrupt crypto hedge fund Three Arrows Capital, putting rare CryptoPunks and Chromie Squiggles up for auction for the first time since the asset portfolio was compiled in 2021.
Projects on the Rise
Our Force 1 (Nike)
Our Force 1
Who: Nike (NKE) via .Swoosh
What: Following in the footsteps of competitor Adidas, global sportswear brand Nike will soon release its first NFT collection through its recently launched .Swoosh platform.
The virtual sneaker, called Our Force 1, or OF1, is a play on the brand's iconic Air Force 1 design. Collectors will have a choice of two digital boxes – the “Classic Remix” and the “New Wave” box – with each box type corresponding to different possible designs, including a design co-created by four Nike fans in January.
Each box is priced at $19.82, a tribute to the year the Air Force 1 sneaker was first released. Holders of the OF1 boxes will be able to open them at a later date.