Game of Thrones NFTs Sell Out in 7 Hours
Earlier this week, Game of Thrones dropped an official NFT collection on NFT platform Nifty's. It sold out in about 7 hours.
Earlier this week, Game of Thrones dropped an official NFT collection on NFT platform Nifty's. The first series sold out in about 7 hours despite the waning popularity of the show and NFTs in general.
The Game of Thrones NFTs are on two blockchains: avatars and collectible NFTs are on Ethereum, while resources and other items that would be used for gameplay is there were a game are on Palm, an Ethereum-related NFT blockchain that was popular before The Merge. Given the timing of this drop coming so far after the new Game of Thrones show aired and also the choice of Palm blockchain, I'd guess this NFT collection faced serious delays leading up to its release.
If you need more evidence that this NFT project didn't go too smoothly during its development, check out these jacked up hands:
Many collectors also reported trouble with Nifty's, with many being charged without receiving anything in return. Some also complained that they didn’t receive their NFTs until after the collection’s floor price dropped below the mint price. Nifty's says it plans to refund everyone who paid but didn't get anything. Great!
Game of Thrones NFT Collection Details
The Game of Thrones NFTs are kind of expensive. The first series was sold as “Hero Boxes” containing 13 NFTs: 1 avatar card, 9 resource cards, and 3 story cards. The mint price was ~.11 ETH, and the current floor price for a box is around .05 ETH.
Game of Thrones used Nifty's to release these NFTs, and apparently you'll need to use Nifty's to buy unopened boxes. Apparently, on other platforms, the boxes look the same whether they're opened or not. I guess this is Nifty's way of encouraging transactions to happen on its platform, where it gets the fees.
So what are these Game of Thrones NFTs for? I know you could ask that about any NFT collection, but this one seems like a strategy game that's missing parts: it has “avatar” cards and “resource” cards, but there isn't a way to play against someone. Right now they're calling it a “digital collectible experience.” I don't really know what that means.