After the announcement of the Australian Open landing on the metaverse and the launch of the NFT NBA Top Shots collection, now the American MLB has also launched its own collection of NFTs, which immediately registered record profits, close to those of the collection inaugurated in recent months by the National Basketball Association.
Specifically, Major League Baseball, or MLB, has announced its own NFT project together with Candy Digital during the autumn, opening sales however only last January 15th. Apparently, the first few days of trading for NFTs based on the current baseball season went very well, resulting in a result of 2.7 million dollars in terms of revenues, of which one million in the first eight hours from the collection’s sale.
At the moment, the trading volume of the collection it is very close to that of the NBA Top Shots, developed and published in 2021 by the NBA together with Dapper Labs, which in January came close to a daily trading volume of two million dollars.
The strong sales of NFT’s most recent collections, Coindesk points out, may be due to the unstable situation in the cryptocurrency market, which would have convinced several of its investors to fall back on a market with more possibilities for growth, namely that of NFTs.
Furthermore, lowering the prices of currencies such as Ethereum between the end of 2021 and the beginning of January it had a positive impact on the NFT market, reducing the gas fees necessary for each transaction. For example, the portal OpenSea said it had a record January, with the highest trading volume in the history of its virtual non-fungible Token store.
Anyway, Candy’s marketplace for MLB NFTs uses Palm’s low-cost blockchain, known for its gas fees extremely contained compared to those of Ethereum. Candy Digital explained this choice by saying that they are the gas fees taxed by portals such as OpenSea and Rarible, which use the Ethereum blockchain, to return the firm’s business model is unsustainable on traditional sales channels.
In fact, according to Candy Digital CEO Scott Lawin, “If you sell products for $ 20 or $ 50, the gas fees e transaction times on the Ethereum blockchain are a serious problem, while those on the Palm blockchain are zero “. Meanwhile, Coinbase is also creating an NFT marketplace within everyone’s reach, where they can even be make purchases with Mastercard.
