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December NFT Data Wrap: Trump NFTs Sell Out

A tough year for NFTs is finally over, but the pain for NFT investors is likely to continue in the new year.

Marketplace volumes have yet to pick up, and the debate over royalty enforcement continues after many major marketplaces made the fees optional. Bored Ape Yacht Club NFTs ended 2022 with a floor price of 69 ETH ($83,000) — a far cry from its peak in May of almost 145 ETH, which was around $410,000 at the time.

Former U.S. President Donald Trump launched a 45,000-piece NFT collection on Dec.15, which sold out in hours.

At $99 a pop, buying an NFT automatically entered the purchaser into a sweepstake featuring prizes such as a group cocktail party at Mar-A-Lago, a dinner in Miami, a golfing trip with the former president and a group Zoom call. 

(by Callan Quinn)

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