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    Home»Bitcoin»NFT collections are generating increased demand from customers, causing sites to crash
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    Bitcoin

    NFT collections are generating increased demand from customers, causing sites to crash

    AdministratorBy Administrator02.12.2021No Comments2 Mins Read
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    bt-crow.com

    02 December 2021 08:40, UTC

    Reading time: ~ 2 m


    As it became known, the creators of the famous musical composition Baby Shark decided to launch NFT within the next few days, and Warner Bros provided an avatar of Matrix NFT on Nifty’s.

    A few weeks ago, the film company announced that it would be selling 100,000 NFTs for Matrix-inspired avatars for $ 50 each as part of an ongoing campaign for the upcoming release of Matrix Resurrections. The film itself will be presented in the United States at the end of December.

    A few days ago, hundreds of thousands of Matrix fans decided to get an avatar dedicated to the motion picture, but Nifty’s was forced to shut down the site’s infrastructure because it could not cope with the increased number of requests.

    The site was forced to stop working, and the entire ordering system began to malfunction. Customers were unable to place an order, and first-order failures began to occur. So far, the problem has not been resolved and the site suggests waiting a little longer.

    In turn, Pinkfong, the creator of the hugely popular children’s song Baby Shark, has decided to release several NFTs that feature content from the song. The collection features 1/1 and five limited editions, and the NFT features the Baby Shark character along with five of his family members in a series of animated and holographic GIFs.

    As for the auction, it will be held at the Makersplace on December 3rd. The starting price of the 1/1 NFT auction is not listed, so it is not entirely clear what it will be. It can be assumed that the price will be quite high. Recall that the Baby Shark video has been viewed on YouTube over 9 billion times.

    It can also be noted that FTX.US has also decided to expand support for Ethereum-based NFTs.

    FTX.US now has collectibles from popular Ethereum-based projects. These are Bored Ape Yacht Club, Meebits and Pudgy Penguins.

    NFT collections are generating increased demand from customers causing sites

    In conclusion, we can say that NFT collections continue to be in high demand from customers. At the same time, there is already a trend in this market showing that the value of tokens is gradually decreasing.

    Author: Vadim Gruzdev, analyst Freedman Сlub Crypto News




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    causing collections crash customers demand generating increased NFT sites
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