Former NBA star Dwight Howard announced last week the launch of the NFT series "Ballers by Dwight Howard" on the Avalanche network. The series is limited to 3,000 pieces, and the casting cost of each NFT is 2 AVAX.
However, the sales of the Ballers by Dwight Howard series were quite poor after its launch. On the first day of launch, less than 10% of NFTs were sold. To change that, Howard decided to undergo a drastic redesign less than 24 hours after the NFT series opened for minting. The move comes in response to widespread public criticism of the quality and underlying value of the NFT collection.
In order to attract more collectors, Howard made some promises. He said that every time 100 Baller NFTs are minted, he will send 1 AVAX to 10 different Ballers holders. In addition, he also promised that every time 100 Ballers NFTs are minted, he will purchase an NFT from the currently popular Dokyoworld project in return. To further increase scarcity, Howard announced a significant reduction in the total supply of Ballers NFTs from 3,000 to 1,500. These initiatives are expected to attract more collectors to join the ranks of Ballers NFT.
However, according to data from OpenSea, only 457 NFTs have been minted so far, which is equivalent to only 15% of the original supply. In addition, the NFT floor price of this series has dropped to 1.69 AVAX, which is even lower than the minting price. It can be seen that the current strategy does not seem to have much impact.
Ballers by Dwight Howard series sales are bleak
Ava Labs urgently clarifies that it has no connection with the project
With the news about Ballers NFT on the Internet The criticism grew louder, and Avalanche developer Ava Labs even had to distance itself from the project. Jake Cvengros, head of business development at AVA Labs, tweeted to clarify that AVA Labs has no relationship with Ballers: a person/brand with a large following can Gone are the days of launching NFTs related to intellectual property out of thin air and expecting NFT sales to perform well. NFT projects require a lot of upfront time and effort to integrate into the ecosystem, cultivate a following, build a brand, and most importantly, ensure that it is done in an organized manner with the right intentions.
The above is the detailed content of Avalanche developer Ava Labs is eager to clarify that Warcraft Howard NFT sales are sluggish!. For more information, please follow other related articles on the PHP Chinese website!