Author : Kenno

Date : Jan 12,2023

3,450 Hero Boxes were sold in the presale for the NFTs, and 1,500 Hero Boxes were sold in the regular sale

Barely seven hours after its launch yesterday, the "Game of Thrones" official NFT collection, dubbed "Build Your Realm," has completely sold out on Nifty's NFT marketplace.

The great demand for these items (and its new spinoff series "House of the Dragon") may have been expected given the show's popularity. But many people now consider the collection's artwork to be on par with the HBO series' eighth season: a colossal letdown.

In November, Nifty and Daz 3D, a digital production business that created and produced the non-fungible tokens, announced the collection's first series (NFTs).

Each NFT has different components from the "Game of Thrones" universe and is created on the Palm blockchain, an Ethereum-compatible sidechain created especially for NFTs. This enables collectors to make their own unique realms and avatars.

3,450 Hero Boxes were sold in the presale for the NFTs, and 1,500 Hero Boxes were sold in the regular sale four hours later. Each $150 Hero Box contains one Hero Avatar, three Story Cards, and nine Resource Cards (0.11 ETH).

Minting delays and mocked artwork

Problems with the mint and ridicule of the hysterically awful avatar designs have overshadowed the NFT debut.

Due to traffic, Nifty declared that it has "temporarily suspended the queue," assuring customers that their orders would arrive shortly or would be refunded.

According to a Twitter user, after waiting for an hour, minting will take a further 2.5 hours. Another person asserted that when they received their NFTs, the floor price had already decreased. The lowest price at which an NFT within a collection may be promptly acquired is referred to as the floor price.

While issues with minting and distribution are common when a project is first introduced, the avatars' outlandish hands are the focus of the most famous criticism.
The NFT collection for HBO’s enormously popular fantasy series is simply the most recent example of NFTs breaking into the public. Former President Donald Trump released a collection of 44,000 NFTs last month, which sold out in less than 24 hours. Those who bought in President Trump’s effort into digital collectibles, however, have watched the floor price of their NFTs collapse following the initial euphoria. The overall NFT market has increased in the last month, with many of the top ten collections, such as Bored Ape Yacht Club, Bored Ape Kennel Club, Azuki, and CryptoPunks, showing double-digit gains in 30-day trading volume.
According to Justin Taylor, "This Game of Thrones NFT collection is just like the show's last season." Justin Taylor said, "No creative vision and horrible.

A pseudonymous co-founder of Web3 game project Treeverse Loopify uploaded one particularly wonky-handed avatar and called the collection "the worst thing I've ever seen."

Despite the complaints, some onlookers think that the roasting can be advantageous to collectors.

Simply said, the most recent instance of NFTs becoming widely known is the NFT collection for HBO's wildly famous fantasy series.

The collection of 44,000 NFTs that the former president Donald Trump released last month sold out in less than 24 hours. However, those who participated in President Trump's venture into digital collectibles have seen the floor price of their NFTs decline after the initial high.

With many of the top ten collections, including Bored Ape Yacht Club, Bored Ape Kennel Club, Azuki, and CryptoPunks, posting double-digit rises in 30-day trading volume, the total NFT market has grown in the past month.

The transaction volume is still a small portion of what it was in late 2021 and early 2022, though, if we zoom out and examine the NFT market over the past two years.