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

1 year ago

The conflict for nonrecreational wrestling dominance betwixt All Elite Wrestling (AEW) and World Wrestling Entertainment (WWE) has spilled implicit into the web3 arena arsenic AEW has decided to participate the NFT abstraction with the motorboat of their “AEW Sensations” integer tokenized collectibles.

This determination comes contempt the declining engagement and involvement successful WWE’s Moonsault NFT series, which was erstwhile launched connected the Content Fabric blockchain with important hype but present appears to person been abandoned by the company. Variety reported that the NFTs could beryllium worthy hundreds of thousands.

“The NFT Flips volition beryllium sold connected WWE Moonsault successful “Cases” of three, randomized astatine minting, for $30 per Case, meaning the merchantability could make upwards of $100,000.”

However, the full secondary market measurement for WWE Moonsault NFTs is lone $93,719.16, with the mean terms astatine $14.61, a acold outcry from the hundreds of thousands they were touted to garner.

WWE Moonsault volumeSource: WWE Moonsault

Upper Deck announced the exclusive statement with AEW to present “AEW Sensations” connected their recently launched online platform, Evolution. According to the press release, the constricted variation “AEW Sensations” merchandise features the apical 3 highlights from the erstwhile week’s unrecorded tv broadcasts of “AEW: Dynamite” and “AEW: Rampage” shows.

The numbers surrounding WWE’s Moonsault NFT bid uncover a stark contrast. CryptoSlate’s introspection of respective WWE Moonsault NFT contracts shows that successful May 2023, the past transfers ranged from 7 days agone to 2 months ago, with an mean of little than 1 transportation per week crossed the examined collections.

Furthermore, the full Content Fabric blockchain averaged lone 22 regular transactions, with astir blocks produced connected the blockchain having lone a azygous transaction included. WWE’s past NFT driblet was successful November 2022, with the Survivor Series War Games NFT series.

Despite WWE’s Moonsault NFT series’ dwindling engagement, AEW remains optimistic astir its concern with Upper Deck. Mark Caplan, Vice President of Licensing and Games astatine AEW, stated,

“AEW’s passionate fanbase, on with Upper Deck’s bequest and unsocial presumption successful the industry, has led to thing genuinely spectacular for fans and collectors with the merchandise of these Authentic Digital Collectibles.”

Eluvio Blockchain Technology, which powers WWE’s NFT ecosystem connected the Content Fabric network, has besides been progressive with Fox Entertainment and Blockchain Creative Labs. As reported by Sports Video, they had announced an exclusive multi-year statement to motorboat an NFT marketplace for licensed integer WWE tokens and collectibles.

The introduction of AEW into the NFT abstraction introduces different furniture of contention betwixt AEW and WWE.

The station AEW ventures into NFT abstraction contempt WWE Moonsault’s declining engagement appeared archetypal connected CryptoSlate.

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