In the past 7 days, the old blue-chip NFTs have collectively rebounded. Whether it's CryptoPunks, BAYC, MAYC, Azuki, Doodles—these once top PFPs—or headlining generative art NFTs like Chromie Squiggle and Fidenza, all have shown significant rebounds.
One of the tokens most related to NFT infrastructure, $BLUR, has quietly risen nearly 90% in the past month. After Andrew Kang called out $BLUR at the end of last month, $BLUR continued to rise with an increase of nearly 20%.
In a warm atmosphere of recovery, Clone X, an old blue-chip project with Nike's background, announcing the cessation of operations was as shocking to all NFT players as announcing at a New Year's dinner that one will no longer eat.
In this announcement, Clone X's project team, RTFKT Studio acquired by Nike, announced the termination of RTFKT's operations. As a transition before the termination of operations, they will complete their last task in the community in December—adopting 'BLADE DROP' MNLTH X. MNLTH was launched in 2022 and is roughly a gameplay that allows virtual shoes to mutate using NFTs.
As for 'BLADE DROP', I searched on Twitter and it seems that the holders may not even be able to get the last pair of physical shoes from Nike, but rather 3D printed shoes produced by Zellerfeld...
Affected by the huge negative news of the termination of operations, CloneX's floor price instantly plummeted by 50%, currently sitting at 0.3 ETH. Just two days ago, the floor price of this series had rebounded to nearly 0.9 ETH.
NFT players criticized the RTFKT team, claiming it wasn't even a 'Soft Rug' but a 'Hard Rug', and they dug up the unkind remarks from RTFKT co-founder @benitopagotto last year when the CEO of Pudgy Penguins paid tribute to them:
Luca tweeted a tribute to RTFKT on September 17 last year.
And 10 days later, @benitopagotto mocked the entry of Pudgy Penguins toys into Walmart, saying, 'From Sotheby's auction house to Walmart, the future of Web3 is truly bright!'
Since the launch of CloneX and RTFKT's acquisition by Nike, three years have passed in the blink of an eye. We finally welcomed a new bull market, yet such an old blue-chip NFT with Nike's background collapsed abruptly at dawn.
Due to the sudden and confusing situation, this $10 million acquisition offer from @JoeyMoose attracted the attention of many NFT players.
But he is most likely joking because yesterday he mentioned wanting to spend $5 million to buy MoonBirds from Kevin Rose. But dude, MoonBirds were already acquired by Yuga Labs...
So what will happen next with CloneX? For example, in this current era where memes have become mainstream, will the community issue meme tokens from the perspective of 'CTO Nike'?
I don’t know, really don’t know. After all, this world is always full of the unexpected.
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