Home Metaverse AEW ventures into NFT space despite WWE Moonsault’s declining engagement

AEW ventures into NFT space despite WWE Moonsault’s declining engagement

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The battle for pro wrestling supremacy between All Elite Wrestling (AEW) and World Wrestling Entertainment (WWE) continues as AEW decides to enter the NFT space with the launch of “AEW Sensation” digital tokenized collectibles , spilled over to the Web3 Arena.

The move came despite his declining involvement and interest in WWE. Moonsault The NFT series that was once launched on Content Fabric blockchain important hype However, the company now seems to have abandoned it. Variety reported that NFTs could be worth hundreds of thousands.

“The NFT Flip will be sold in WWE Moonsault in three ‘cases’, randomized at time of casting, and priced at $30 per case. That means the sale could generate $100,000 or more. ”

However, the quadratic sum market The WWE Moonsault NFT has a trading volume of just $93,719.16 with an average price of $14.61, far from the hundreds of thousands of dollars advertised.

Source: WWE Moonsault

Upperdeck has announced an exclusive agreement with AEW to introduce AEW Sensation to its newly launched online platform Evolution.according to press releaseThe limited edition AEW Sensations merchandise includes the top three highlights from the previous week’s live TV AEW: Dynamite and AEW: Rampage shows.

of numbers The circumstances surrounding WWE’s Moonsault NFT series reveal a stark contrast. of crypto slate A study of several WWE Moonsault NFT contracts found that the last transfer in May 2023 ranged from 7 days ago to 2 months ago, averaging less than one transfer per week across the collections studied. It has been shown that

Additionally, the entire Content Fabric blockchain averages only 22 transactions per day, and most blocks produced on the blockchain contain only one transaction. WWE’s final NFT drop was the Survivor Series Wargame NFT Series in November 2022.

Despite WWE’s decreasing involvement in the Moonsault NFT series, AEW remains optimistic about its partnership with Upper Deck. Mark Caplan, Vice President of Licensing and Gaming at AEW said:

“AEW’s passionate fanbase, along with Upperdeck’s heritage and unique standing in the industry, has made the release of these authentic digital collectibles a real treat for fans and collectors.”

Eluvio blockchain technology powering WWE’s NFT ecosystem on the Content Fabric Network is also involved with Fox Entertainment and Blockchain Creative Labs.As report With Sports Video, they announced an exclusive multi-year deal to launch an NFT marketplace of licensed digital WWE tokens and collectibles.

AEW’s entry into the NFT space introduces a new layer of competition between AEW and WWE.

Despite the dwindling WWE Moonsault involvement, the installment first appeared on CryptoSlate after AEW’s foray into the NFT space.

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