While all NFTs were sold in record time, some collectors expressed their dissatisfaction.
The official collection of NFTs (non-fungible tokens) from the popular Game of Thrones series, announced last November, tugged at the crypto community Wednesday.
Called Build Your Realm, the collection offered NFTs called “Hero Boxes” for $150, including a hero avatar, as well as some cards allowing collectors to create their own universe. Released on Wednesday, all the NFTs (almost 5,000) were sold out within a few hours.
As a reminder, an NFT (“non-fungible token”) is a digital property title, issued by a blockchain (mainly Ethereum), and associated with a digital asset (photo, video, etc.). Each NFT is unique and cannot be reproduced. NFTs are used in art, the luxury sector or even for sports trading cards.
Now, in the face of the popularity of the TV series, the sale of this collection of NFTs, circulating on the Palm blockchain, has been subject to a few hiccups. First of all, many collectors complained about the process of selling NFTs on the Nifty’s marketplace, as the latter even admitted.
“We have temporarily suspended the queue to process pending transactions,” Nifty’s said, assuring that collectors who did not receive their NFTs will get a refund.
On Twitter, “one user claims to have waited an hour only to be told he had to wait another two and a half hours before he could buy his NFT. Another claims that by the time he received his NFT, the floor price had already dropped,” reports Decrypt. Indeed, the floor price of the collection dropped to around 0.07 ethers ($93) at the time of the sales instead of the original price (0.11 ethers, or $150).
On the other hand, collectors mocked the design of this NFT collection. “This Game of Thrones NFT collection is exactly like the last season of the show,” wrote Justin Taylor. “No creative and terrible vision.”
Some collectors have even made fun of the “claws” instead of the avatars’ hands.
Despite these initial setbacks, Games of Thrones will launch a second collection of NFTs, this time on the largest NFT marketplace, OpenSea. A tricky operation, as the NFT market is in free fall since 2022.