This Week on Crypto: NFTs Heating Up, Credit Suisse into Crypto?

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In the crypto world, the ‘blue chip’ nonfungible tokens (NFTs) have seen their floor prices plummet to near two-year lows. The largest NFT collections, such as Yuga Labs’ Bored Ape Yacht Club (BAYC), have experienced significant price drops. However, the last 24 hours have brought some relief to NFT holders, with floor prices showing signs of recovery.

Credit Suisse Dives into Official Crypto

In a groundbreaking move, Swiss-based bank Credit Suisse has announced its first foray into the official crypto world. The bank is partnering with the Swiss Football Association to launch 756 Ethereum NFTs. All proceeds from this venture will be used to support women’s soccer in Switzerland. The NFTs, which portray players from the Swiss Women’s National Team, will be available for purchase in Swiss francs through the bank’s CSX app.

Melania Trump’s NFTs: A Slow Start

Melania Trump, the former First Lady of the United States, has launched her own NFT collection on the Solana blockchain. However, sales have been slow, with only a fraction of the 3,000 NFTs sold since their release. Each NFT in the “1776 Collection” features patriotic symbols and is being sold for $50.

Dior’s NFTs: A Quiet Launch

French luxury brand Dior has announced a new product line that includes an NFT, or as they describe it, a “digital twin.” The most expensive style in the new line of shoes, the “B33 sneaker,” comes with this Ethereum-based NFT.

Steve Beckford

Steve Beckford

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