Are Tai Lopez NFTs the Top of the Market? Alibaba massage gun scandal… and more

Some in the NFT community fear the market top has come in after Tai Lopez, the controversial entrepreneur and social media star famed for his eccentric marketing tactics, launched his own NFT project.

Dubbed the “OG (original garage) Social Club,” the NFT project pays tribute to his highly memed-on ad from 2015 in which Lopez showed off his Ferrari and the 2,000 new books in his garage to take his business courses from to allegedly iffy where the.

The NFTs come in three rarity levels, including the silver “Mentorship” cards, gold “Mastermind” cards, and black “1 on 1 Mentorship” cards, all of which offer access to an online social club and varying levels of access to Lopez himself.

For example, in the Silver layer there is an NFT, Reportedly priced at 18.4 Ether ($50,000), giving the owner the chance to win $10,000 through a one-on-one basketball game with Lopez. While an NFT of the gold plating allows the hodler to watch a two-hour movie with Lopez, once a year for up to three years.

Alibaba’s NFT Marketplace Bans Massage Guns

Alibaba has reportedly suspended more than 680 users from its NFT marketplace Jingtan for using massage guns and computer software to spam the purchasing process to buy non-fungibles on the platform.

According to an Alibaba representative who: spoke told Forkast News on March 9, the company’s tech department believes some users used the massage guns to perform quick mouse clicks on buy buttons.

The accounts accused of buying spam have been suspended for a year, with Jingtan labeling the activity as “cheating” and in violation of user policy.

English Premier League looks at NFTs

The English Premier League (EPL) is reportedly planning to launch officially licensed NFTs later this year.

The EPL is the most famous pro football league in the world and aims to replicate the success of tokenized sports collectibles from other projects, such as Dapper Labs’ NBA Top Shot.

According to a March 8 report of the British newspaper The Telegraph, all 20 clubs discussed the sale of NFT rights at a shareholders’ meeting on Tuesday, and the League is carefully considering which blockchain and firm they will partner with, as the deal could be worth hundreds of millions of pounds. Further details are scarce at this stage.

Related: Magic Eden Teams Up With Overtime To Improve NFT Sports Utility

Bored Ape volume tanks 65%

Volume for the highly popular and recently charitable Bored Ape Yacht Club (BAYC) NFT project is down 65% in the past 30 days. But that may be because they are way too expensive.

According to DappRadar data, the BAYC generated $92.14 million in secondary sales from a total of 526 traders in the past month (which is also a drop of 58.22%).

While the NFT market appears to be experiencing a strong downturn across the board, a contributing factor to the BAYC’s volume decline may also be its soaring bottom price.

The data from DappRadar shows that the bottom price is up 22.16% in the past 30 days to a whopping $197,800.

30 Day BAYC Volume: DappRadar

Other useful news

The Crypto.com exchange announced on Wednesday the airdrop of its “The Moment of Truth” non-fungible token (NFT) collection featuring Los Angeles Lakers forwarding LeBron James to 5,550 randomly selected viewers of his Super Bowl commercial.

The Sandbox metaverse announced its partnership with the NFT community World of Women, or WoW, to launch the WoW Foundation. A $25 million grant from The Sandbox will help fund the foundation over the next five years.

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