This year has been a rollercoaster for the world of NFTs, with big brands releasing questionable collectibles, well-funded startups collapsing, and notable projects facing regulatory challenges. And amidst all of this, former US President Donald Trump continued to release NFTs, adding to the already strange landscape of digital assets. While many of these NFTs may not have any practical use at the moment, that hasn't deterred people from buying them and watching their value inexplicably rise. In this article, I will highlight a few standout NFTs from this year that could make for interesting last-minute digital gifts.
Stoner Cats: Launched during the peak of the 2021 bull run, Stoner Cats was an animated web series with a title that leaves little to the imagination. Backed by Mila Kunis and Ashton Kutcher, the project sold over $8 million worth of Ethereum NFT access passes to watch episodes. However, in September, the creators faced regulatory scrutiny from the SEC for selling unregistered securities. They ultimately reached a settlement with the SEC, paying a $1 million civil penalty and establishing a reimbursement fund for buyers. As a result, Stoner Cats as a project is effectively dead, and most major marketplaces have banned trading of the NFTs following the settlement. Nevertheless, these NFTs can still be purchased on platforms like LooksRare, and surprisingly, their value has only increased on the secondary market. From a price of about $30 worth of Ethereum before the SEC news, they now command a current price of $115. It's a fascinating piece of NFT history.
Donald Trump's NFTs: Former US President Donald Trump made quite a splash in the NFT world last December when he released his first collection. However, his second batch of NFTs in April had a lesser impact, causing the value of the first batch to plummet. With the recent launch of his third collection, which has yet to sell out, the reaction has been relatively underwhelming. It's unlikely that these new $99 MugShot Edition NFTs will gain much value once secondary market trading opens on December 31. However, the artwork featured in these NFTs is as goofy as ever, showcasing a cyborg theme that adds to the overall quirkiness of the collection.
While these NFTs may not have any real utility at the moment, they offer a unique and memorable digital gift option. Whether it's a piece of NFT history with the Stoner Cats project or the playful and eccentric artwork of Donald Trump's NFTs, these selections capture the essence of this strange year in the NFT space. So, if you're searching for a last-minute digital gift that's both fun and thought-provoking, consider diving into the world of NFTs and exploring these standout options. Just remember, this is not financial advice.
Comments
Post a Comment