By George Ward
The popular HBO TV series “Game of Thrones” is testing its popularity in the digital collectible industry with the launch of its non-fungible token (NFT) collection dubbed “Build Your Realm.” Interestingly, the NFT collections were sold out in under ten hours after their official release on the Nifty NFT marketplace.
Rapid Demand And Fast Sales
Given the popularity of the TV show and its spinoff series, “House of the Dragon,” the rapid demand for the new NFT collections was not unexpected. However, many NFT enthusiasts are unimpressed with the quality of the collection art compared to that of HBO’s series, which they see as a significant flaw.
Meanwhile, the first NFT series was initially announced in November 2022 in a partnership involving Nifty and a digital production firm, Daz 3D, which designed the digital collectibles. Each of the NFTs was minted on the Ethereum-based sidechain, Palm Blockchain, and features several elements of the original “Game of Thrones” universe.
Collectors of the NFT could create unique avatars and realms they could use in their gameplay. Furthermore, the collectibles will be distributed through the presale of about 3,450 Hero Boxes, followed by the public auction of 1,500 Hero Boxes during a four-hour interval.
Each Hero Box has a selling price of $150 or 0.11 ETH and includes three story cards, nine Resource Cards, and one Hero Avatar. The crypto community on Twitter criticized the NFT launch, with some pointing out issues surrounding the minting of the collections while others made fun of the avatar designs.
Minting Suspension and Taunted Art
Due to the massive demand for the newly launched collection, Nifty’s was forced to temporarily halt its waitlist due to congestion on its platform. The NFT marketplace assures buyers that they could be refunded if their purchase fails to reflect on their dashboard.
Meanwhile, a Twitter user claimed that the floor price of the digital collectible was already down when they received their NFT collection. It is worth noting that a collection’s floor price signifies the lowest price for an NFT that is part of an initial collection and can be purchased immediately.
When it comes to minting and delivery, it is common to find issues, especially during the launch of a project. But in this case, the most common criticism has been that of the visual appearance of the avatars, especially the hands.
One of the critics likened the Game of Thrones NFT collections to the final season of the TV show, saying that it lacks “creative vision.” Despite the crypto market correction, the broader NFT market has seen an uptrend in the past month.