Jay Chou's "Phantom Bear" NFT floor price shrinks by 98% Pan Weibai "Innocent Cat" NFT 100 yuan

The NFT market shows a cold market

Source ｜ Blue Whale Finance

Edit ｜ Zhang Runqi

On June 27, Blue Whale Finance reporter noticed that the price of the "Phantom Bear" series NFT flooring in the market has continued to fall in the market. The latest floor price is 0.66ETH. The maximum price of 8ETH reached later has fallen 92%. Since the price of ETH currency has also shrunk all the way, after being converted into RMB, the floor price of the Phantom Bear has fallen from 192,000 yuan to 5,400 yuan, only 2%of the original value.

Phantom Bear NFT was on sale on January 1st Interactive Entertainment Platform EZEK. It is the first NFT project that Jay Chou and partner Phantaci collaborated with EZEK.

Phantom bears are sold for 10,000, with a issuance price of 0.26ETH and a total price of over 62 million yuan. As soon as the platform sales channel was opened, a large number of users were poured into a large number of users. The webpage was once stuck. 3,000 were sold within 5 minutes, and all 40 minutes were sold. On January 3rd, Jay Chou replaced Instagram's avatars with a phantom bear NFT work, and said that he "changed the avatar for a few months and felt the feeling of the Yuan universe." As of now, the two are still using Phantom Bear 10000 and Phantom Bear 8938 as the avatar.

Jay Chou's series of behaviors in social activities has attracted attention, and some media reported that it "easily received 62 million". In this regard, Jewell Music denied that the "Phantom Bear" NFT was related to Jay Chou and did not obtain any benefits.

On January 27th, the "Innocent Cat" series NFT was launched, and it had an IP binding with Pan Weibai. The propaganda method was very similar to the "Phantom Bear". Fans support the project. The content was praised by Jay Chou and Lin Junjie. Pan Weibai replaced the avatar into the same picture.

However, at that time, the "innocent cat" did not succeed like a "phantom bear". On the evening of January 27, the project was broken. The sale price was 0.28 ETH, and the transaction floor price was as low as 0.14 ETH.

Blue Whale Finance noticed that on June 27, the latest floor price of "innocent cats" was 0.014ETH, with only about 115 yuan.

Due to the impact of the cryptocurrency market, the NFT market showed a cold market as a whole. Dune Analytics data shows that in May, Opensea's transaction volume based on Ethereum was 2.596 billion US dollars, a decrease of about 25%from April (US $ 3.488 billion), and the number of monthly live users was 422,300, and the number of monthly living households (47.52 in January (47.52 10%compared to about 11%.

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