Crypto News

Web3 Weekly Wrap-Up: Trump’s NFT Sequel, Meta’s Metaverse for Teens, and Nike’s SWOOSH Kicks Off!

The world of Web3 never sleeps! From political figures dipping their toes (again!) into the NFT space to tech giants opening up virtual worlds to younger audiences, and iconic brands launching digital collectibles, there’s always something brewing. Let’s dive into some of the hottest happenings this week, shall we?

Trump’s Back in the NFT Game: More Digital Trading Cards!

Remember the Donald Trump digital trading cards? Well, they’re back for round two! A fresh batch of 38,001 digital collectibles featuring the former president dropped on April 18th on the Polygon network. Priced at $99 each, these NFTs quickly generated buzz. Here’s a quick rundown:

  • Launch: April 18th
  • Quantity: 38,001 cards
  • Blockchain: Polygon
  • Initial Price: $99
  • Current Floor Price (OpenSea): 0.0659 ETH (approximately $145)
  • Trading Volume (OpenSea): 592 ETH (over $1.2 million)

The initial sale brought in a cool $3.76 million, and with a 10% creator fee on secondary sales, Trump’s team has already pocketed over $100,000 more. Trump himself even commented on the pricing strategy on Instagram, stating he kept it consistent with the first series so his fans could potentially profit. He even jokingly asked if he’d get any “nice guy” credit for it!

Interestingly, the first series of Trump NFTs saw a significant shift. While the trading volume surged by a whopping 1,011%, the floor price plummeted by 61% in the past day, according to OpenSea data. It’s a volatile world out there in the NFT marketplace!

Metaverse for Minors? Horizon Worlds Opens to Teens

Big news from Meta! Their virtual reality platform, Horizon Worlds, previously restricted to users 18 and older, is now accessible to teenagers (13+) in the US and Canada. What sparked this change?

Well, reports from Statista indicate that Horizon Worlds hasn’t quite hit its user targets. With an average of 280,000 monthly active users, it fell short of the 500,000 goal. Opening the doors to a younger demographic could be a strategy to boost those numbers.

Safety Concerns: A Balancing Act?

This move hasn’t been without its critics. Numerous safety and advocacy organizations, including those focused on protecting minors, penned an open letter to Meta CEO Mark Zuckerberg urging caution. Their concern? Exposing adolescents to potential harassment and privacy risks within the still-developing VR environment.

Meta seems to be aware of these concerns. Their rollout includes features like parental supervision tools and limitations on interactions between minors and unfamiliar adults. It’s a tightrope walk between expanding the metaverse and ensuring a safe experience for younger users.

Nike Steps into Web3 with SWOOSH: Affordable Digital Kicks

Sports giant Nike is making its mark in the Web3 space with the launch of its first NFT collection on their community platform, SWOOSH. And what better way to kick things off than with a digital reimagining of their iconic Air Force 1 shoe, celebrating its 41st anniversary?

Here’s what makes Nike’s approach interesting:

  • Accessibility: These Polygon-based NFTs are priced under $20, making them relatively affordable for a wide audience.
  • Community-Driven: The decision to feature the Air Force 1 was driven by the SWOOSH community itself.
  • Utility Beyond Ownership: Owning a SWOOSH NFT unlocks perks like special access to physical products and exclusive experiences.
  • Future Benefits: Nike has hinted at more utilities and benefits to come for their digital creations.

Nike announced their NFT marketplace plans back in November 2022, and this launch feels like a significant step in their Web3 journey. By focusing on community input and offering tangible benefits, Nike is aiming to build a strong connection between the digital and physical worlds.

Smurfs Go Digital: A New Wave of Collectible NFTs

Get ready for a dose of nostalgia! The beloved animated series, The Smurfs, is joining the NFT craze in collaboration with the Web3 platform, The Smurfs’ Society. A collection of 12,500 Smurf-themed NFTs dropped on April 18th, with an initial open auction for 3,000 of them. These NFTs, featuring various Smurf characters, fetched an average offer of 0.02 ETH (around $42).

What’s the Appeal of Smurf NFTs?

Beyond the collectibility factor, these NFTs offer some interesting perks:

  • VIP Access: Owners can attend exclusive events.
  • Special Rewards: Expect to receive unique benefits.
  • Members-Only Games: Participate in games exclusively for NFT holders.

Intriguingly, some bidders seem incredibly enthusiastic, with the top three offers targeting a significant portion (847) of the available NFTs. Are they die-hard Smurfs fans or simply betting on a post-mint price surge? With around 250 different characters available (including classics like Smurfette, Brainy Smurf, and Papa Smurf) and over 350 unique characteristics, there’s plenty of Smurfy goodness to collect!

The Ever-Evolving Web3 Landscape

This week’s news highlights the dynamic nature of the Web3 space. We’re seeing a mix of established figures like Donald Trump leveraging NFTs for engagement, major brands like Nike exploring new ways to connect with their audience through digital assets, and entertainment franchises like The Smurfs embracing the potential of blockchain technology. Simultaneously, the expansion of the metaverse to younger users raises important questions about safety and responsibility. It’s a space filled with opportunities, challenges, and constant evolution. Stay tuned for more as the Web3 journey unfolds!

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