{"id":19715,"date":"2023-07-04T04:56:54","date_gmt":"2023-07-04T04:56:54","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/nifty-news-blue-chip-nft-prices-wobble-credit-suisse-tries-tokens-and-more\/"},"modified":"2023-07-04T04:56:55","modified_gmt":"2023-07-04T04:56:55","slug":"nifty-news-blue-chip-nft-prices-wobble-credit-suisse-tries-tokens-and-more","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/nifty-news-blue-chip-nft-prices-wobble-credit-suisse-tries-tokens-and-more\/","title":{"rendered":"Nifty News: Blue chip NFT prices wobble, Credit Suisse tries tokens and more"},"content":{"rendered":"
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\u2018Blue chip\u2019 floor prices near two-year lows<\/h3>\n

The largest nonfungible token (NFT) collections by market capitalization are in a sea of red as the cheapest NFTs in their collections took dives over the past week with some hitting near two-year lows.<\/p>\n

Yuga Labs\u2019 flagship Bored Ape Yacht Club (BAYC) collection \u2014 the second largest by market cap according to CoinGecko \u2014 hit a floor price of 27.7 Ether (ETH), or $54,200 on July 3, a level not seen since September 2021.<\/p>\n

The largest 12 NFT collections floor prices are in the red over the past week. Azuki Elemental Beans is down but is incorrectly shown as having gained. Source: CoinGecko<\/em><\/figcaption><\/figure>\n

Other top collections including the Mutant Ape Yacht Club (MAYC), Azuki, CryptoPunks and DeGods also saw their floor prices sink over the week.<\/p>\n

However, the last 24 hours have given the NFT holders a small respite, with floor prices recovering across most of the top collections. The largest gainer was Azuki Elementals with a nearly 32% floor price increase.<\/p>\n

Credit Suisse takes a shot at NFTs<\/h3>\n

Swiss-based bank Credit Suisse said on July 3 that it\u2019s teaming up with the Swiss Football Association to fire off 756 Ethereum NFTs with 100% of the proceeds going to support women’s soccer in the country.<\/p>\n

It\u2019s the first time the bank has waded into NFTs, which will be made available through the bank’s CSX app that\u2019s adding a new functionality for digital assets \u2014 no crypto or crypto wallet required.<\/p>\n

Instead, Swiss francs will be used to purchase the NFT which will appear in the app. The bank said this \u201cfirst step\u201d was meant to be \u201csimple and client-friendly\u201d so a \u201cbroad client base\u201d could access digital assets.<\/p>\n

As for the NFTs, each one portrays a player from the Swiss Women’s National Team and come with varying levels of perks and benefits depending on their rarity.<\/p>\n

A collage of some of the rarest NFTs of which some are priced over $11,000. Source: Credit Suisse<\/em><\/figcaption><\/figure>\n

There are three rarity levels with 690 of the least rare starting at around $170 while the 11 most rare are priced at over $11,000 (150 to 10,000 Swiss francs).<\/p>\n

Slow sales for Melania Trump\u2019s NFTs<\/h3>\n

Former First Lady of the United States, Melania Trump, is seeing sluggish sales for her all-American Solana NFT collection, which was released ahead of the country\u2019s Independence Day celebrations.<\/p>\n

Of the 3,000 NFTs released June 29, only 586 have sold \u2014 which doesn\u2019t include an additional 500 that are not yet revealed and held back from sale until July 4.<\/p>\n

Of those revealed, the \u201c1776 Collection\u201d has six different designs emblazoned with patriotic symbols. Each design has 500 apiece and are being hawked off for $50 a pop.<\/p>\n

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“The 1776 Collection of artwork draws inspiration from several iconic landmarks of our Nation, which I had the privilege of visiting during the time I served as First Lady” #MelaniaTrump<\/a>#The1776Collection<\/a> exclusively at https:\/\/t.co\/d2es7j6pwb#FoxNews<\/a>: https:\/\/t.co\/HSBeQj8QPc pic.twitter.com\/Cu5ruzP4VH<\/a><\/p>\n

\u2014 USAmemorabilia (@USAmemorabilia) June 29, 2023<\/a><\/p><\/blockquote>\n

A June 29 Fox News article reported the collection was to celebrate the “foundations of American ideals” according to Trump\u2019s office.<\/p>\n

A different audio track is embedded in each NFT design that blares patriotic tunes. One depicting the Statue of Liberty sounds off The Star-Spangled Banner, the U.S. national anthem.<\/p>\n

It was reported a portion of proceeds from the collection will go to Trump\u2019s \u201cFostering the Future\u201d non-profit initiative aiming to grant scholarships in computer science to children leaving foster care.<\/p>\n

Dior\u2019s NFTs go quiet about the \u2018NFT\u2019 part<\/h3>\n

A new product from French luxury brand Dior will come with an NFT, but the brand is seemingly being coy about the term “NFT” in its launch announcement.\u00a0<\/p>\n

On June 30, Dior announced it would be shipping a new line of shoes \u2014 with one style offering a \u201cdigital twin.\u201d<\/p>\n

Dior describes the twin e-shoes as \u201ca unique and secure digital creation on the Ethereum blockchain\u201d \u2014 wordplay which seems to deliberately obscure that the \u201cdigital twin\u201d is simply an Ethereum-based NFT.<\/p>\n

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Sneakers Alert.
Introducing ‘B33’ sneakers by Kim Jones, from the #DiorMenFall<\/a> 2023 collection. Each pair is equipped with an encrypted key granting access to a secure platform and exclusive services. Sign up to be the first to shop them online from July 6.<\/p>\n

\u2014 Dior (@Dior) June 29, 2023<\/a><\/p><\/blockquote>\n

The shoes are called the \u201cB33 sneaker\u201d and come in seven different styles. Only the most expensive, priced at $2,150, come with the NFT twin.<\/p>\n

Related: <\/em><\/strong>Yes, the Secret Service has an NFT collection, and no, it\u2019s not for sale<\/em><\/strong><\/p>\n

The others, starting at the bargain price of $1,600, come with an NFC chip in the sole of the right shoe granting access to a \u201cplatform\u201d showing its \u201cDigital Certificate of Authenticity.\u201d It\u2019s unclear if this certificate is also an NFT.<\/p>\n

Other Nifty News<\/h3>\n

NFT thieves are often quick to offload phished tokens, with blockchain security firm PeckShield finding that half of stolen NFTs are sold within three hours on OpenSea and Blur.<\/p>\n

Herm\u00e8s, another French luxury brand, racked up another win in its infringement case against the \u201cMetaBirkin\u201d NFT artist Mason Rothschild with a U.S. judge ordering a permanent injunction on all sales of the NFT.<\/p>\n

NFT Collector: <\/em><\/strong>Snoop\u2019s NFT nostalgia, The Goose draws Gen Y to Sotheby\u2019s<\/em><\/strong><\/p>\n<\/div>\n