NFT Prices Spike Following News of Trump Indictment
News of a grand jury indicting former US president Donald Trump caused a spike in the floor price for Trump Digital Trading Cards non-fungible tokens (NFTs). According to data from OpenSea, the floor price for these NFTs rose from 0.46 ETH ($835) to as high as 0.6 ETH ($1,090) on March 30. When the NFT project launched in December 2022, exclusive one-on-one experiences were offered to NFT holders, such as private golf sessions, dinners, and conversations with Trump. However, the indictment news could impact the former president’s ability to deliver on these experiences. Despite a subsequent drop, the floor price remains above the initial mint price of $99 from December.
DappRadar Reports $4.7 Billion in Q1 NFT Sales
Blockchain analytics platform DappRadar has reported $4.7 billion worth of non-fungible token (NFT) trading volume in Q1 2023, more than double that of the previous quarter. The report highlighted the bullish action from the Blur marketplace, which took the market by storm during its token airdrop farming period in February. In Q1, there were 19.4 million NFT sales, marking an 8.56% increase, and total volume rose by 147% compared to Q4 2022. The Ethereum network accounted for $4.1 billion of the volume, with Solana contributing $242 million and Polygon ranking third with $85 million for the quarter.
Square Enix Releases Final Fantasy NFT Trading Cards
Japanese gaming giant Square Enix has released NFT trading cards as part of the Final Fantasy VII Anniversary Art Museum Digital Card Plus collection. The collection celebrates the 25th anniversary of Final Fantasy VII and features five physical cards and a sixth digital NFT card. While the NFTs are called trading cards, Square Enix stated on its website that they could not be traded or transferred at this stage unless the company decides to build a marketplace in the future. The packs were dropped on March 31 and cost around $3.30 per pack, with the card artwork depicting various characters and scenery from the iconic Final Fantasy VII game.
Flybondi Launches NFT Flight Tickets
Low-cost Argentine airline Flybondi has launched domestic NFT flight tickets under an initiative called “Ticket 3.0.” The new service allows users to change names on tickets, transfer them to other people, or give them away, streamlining the airline’s current ticketing models. The service comes from an expanded partnership with NFT ticketing company TravelX, which uses the Algorand blockchain for tokenization. Flybondi CEO Mauricio Sana noted that the launch seeks to generate a positive impact in the aviation industry through innovation and blockchain technology application.
The NFT market continues to evolve and grow rapidly, with new use cases emerging in various industries. The recent news of the indictment of former US President Donald Trump has had a notable impact on the Trump Digital Trading Cards NFT project, with the floor price of the tokens increasing before dropping back to a still-significant level. Meanwhile, Square Enix has released Final Fantasy NFT trading cards, although they cannot currently be traded or transferred. Flybondi has launched NFT flight tickets, allowing for greater flexibility and control for passengers. The NFT market’s Q1 2023 trading volume has surged, more than doubling the previous quarter’s figures, according to DappRadar. With new use cases and applications continuing to emerge, the NFT market shows no signs of slowing down.