The worst influencer and celebrity NFT cash grabs of 2022

Mainstream hype for the nonfungible token (NFT) market cooled down considerably in 2022, however that didn’t cease a number of well-liked and rich figures from stinking up the house with dreadful collections final yr.

In the 2022 version of the worst influencer and celebrity NFT cash grabs, Cointelegraph takes a take a look at 4 tasks seemingly designed to exploit capital out of their followers pockets, whereas delivering little or no.

Tai Lopez — OG (Original Garage) Social Club

First on the listing is the oddball entrepreneur Tai Lopez, greatest recognized for his tacky advertising campaigns that used to plague YouTube not so way back.

Lopez’s most well-known video is his “right here in my storage” enterprise course promo from 2015 the place he first exhibits off his Lambo earlier than switching gears and noting that he’s extra proud of the 1000’s of books he owns as a result of of the “data” they provide him.

Paying homage to the video, Lopez launched a group dubbed the “OG (Original Garage) Social Club” in March.

The NFTs got here in three tiers of rarity, going from anyplace between $150 on the decrease finish to $50,000 for the premium tokens that supplied unique advantages corresponding to a one-on-one basketball recreation with Lopez, watching a film, or consuming dinner collectively and personal mentorship periods.

The present knowledge on OpenSea now paints a grim image nonetheless, with the ground worth for all of the NFTs regardless of rarity, sitting at 0.08 Ether (ETH) or $97 on the time of writing.

Looking on the premium NFTs, the basketball-related token is on sale for as little as 0.880 ETH ($1069), whereas an NFT granting entry to a one-on-one dinner with Lopez is now on sale for 1 ETH ($1214) regardless of first being bought for round $30,000.

Donald Trump — Trump Digital Trading Cards

Despite traditionally being a vocal crypto-hater, former president Donald Trump introduced a wierd licensed NFT challenge in December that consisted of 45,000 self-themed buying and selling playing cards.

The shoddy and doubtlessly plagiarized paintings of the NFTs depicted Trump in varied kinds corresponding to a superhero, hunter, cowboy and golfer. The NFTs supplied consumers an opportunity to win a number of one-on-one experiences with the forty fifth president by way of sweepstakes.

Trump Digital Trading Card NFTs: OpenSea

The NFTs initially bought for $99 apiece rapidly promoting out on Dec. 16 with the ground worth quickly rising to 0.83 ETH ($1,008) on OpenSea inside two days. Since then, nonetheless, the value has considerably tanked to 0.164 ETH ($199).

While individuals who first purchased in are more likely to nonetheless be within the inexperienced, the Trump NFT challenge is sweet both means because it pocketed round $4.5 million from the preliminary gross sales, with an ongoing 10% creator payment additionally coming again to it by way of gross sales on secondary markets.

Floyd Mayweather Jr. — Mayweverse

Boxing icon Floyd Mayweather Jr. additionally makes the 2022 listing for an NFT challenge that appears to have been utterly deserted on the time of writing.

Tweeting on Mar. 22, Mayweather introduced the “Mayweverse” consisting of 5,000 NFT collectibles.

“If you might be within the NFT world and you’re betting on me, you’ll by no means lose,” he stated.

The NFTs initially went for a mint worth of roughly $900 on Apr. 13 providing hodlers the prospect to win cash prizes starting from $5,000 to $30,000 and unique experiences corresponding to becoming a member of Mayweather in an upcoming Metaverse known as “Floyd’s Gym.”

Since the mint, the Mayweverse Twitter account has remained dormant with not a single follow-up tweet all through 2022. It’s unclear if anybody acquired prizes or when the Metaverse shall be shipped.

The web site’s roadmap additionally stays undated regardless of initially stating different “future advantages” could be introduced quickly.

The worst influencer and celebrity NFT cash grabs of 2022
Click “Collect” under the illustration on the high of the web page or observe this hyperlink.

OpenSea knowledge additionally makes it onerous to establish what is occurring with the challenge.

One Maywevere assortment listed on {the marketplace} incorporates 73 tokens that aren’t on the market with no worth historical past. Another incorporates 5 NFTs which all final bought for much less 0.050 Wrapped ETH ($60) however have a ground worth of 0.1 ETH ($121).

The worst influencer and celebrity NFT cash grabs of 2022
Mayweverse NFTs: OpenSea

Lana Rhoades — CryptoSis.

Last on the listing is the favored influencer and former grownup movie star Lana Rhoades launched the now-abandoned Crypto Sis NFT challenge in February 2022.

Crypto Sis consists of 6,069 Rhoades-themed cartoon avatar NFTs with the quantity initially meant to be 6,969 which it didn’t attain on account of an absence of demand.

The worst influencer and celebrity NFT cash grabs of 2022
Crypto Sis NFTs: OpenSea

The NFTs went for a mint worth of roughly $261 however the worth now primarily sits at $0 on OpenSea as there was lower than 1 ETH price of whole buying and selling exercise since its Feb. 2022 launch. The challenge’s Twitter web page can also be currently suspended.

Rhoades reportedly pocketed $1.5 million from the gross sales, then promptly withdrew the funds from her Ethereum pockets earlier than strolling away from the challenge altogether stating her neighborhood was too adverse.

Related: Crypto adoption in 2022: What occasions moved the business ahead?

In now-deleted social media posts, Rhoades initially touted the avatars could be usable within the Metaverse together with providing a number of utilities corresponding to whitelist entry to future drops, inclusion right into a Metaverse neighborhood, signed merch and digital meet and greets.

Rhoades claimed she was working onerous to make the challenge a “profitable funding for holders that they will promote for greater than they paid to mint.”

The worst influencer and celebrity NFT cash grabs of 2022
Deleted Crypto Sis posts: Instagram

However, none of that has come to fruition, resulting in individuals locally to accuse her of working a rug pull. Rhoades counter-argued the challenge flopped and there was nothing she might do to repair it.