BlocksInform
On the occasion of her 135th birthday, National Geographic partnered with polygon Wednesday to release a collection of super rare photos titled "Hello, dawn in the world" or "gm" to make a long story short. The collection, which includes 1888 nfts, is a compilation of 16 early morning photos taken by famous photographers from all over the world and remodeled in 118 editions each.
Pegged at a sale price of 215 matic (~ $200) per room, nat geo aims to bring the narration to web3 with the public sale. Up to now, only 18% of the collection has been sold on the auto-certified nft premium platform, snowcrash, As regards the timing of entry into circulation and the general attitude of the market vis-a-vis NFT, there is reason to be sceptical.
National Geo x Polygon.
Nat Geo makes Polygon its favorite blockchain because of its multi-channel functionality, fast transaction capacity and huge commitment to environmental sustainability. Polygon is currently trading at 65,000 GST and has been carbon neutral for almost two years. In the lead-up to the merger, Ethereum suffered massive setbacks due to rising strike costs.
For polygon, his partnership with nat geo is the latest in a series of efforts aimed at promoting the value of l2 ethereum scale solutions. In 2022, it partnered with a variety of major companies, including starbucks, adidas, reddit, stripe, meta, adobe, the nfl and walt disney, just to name a few.
The Great Aftereffect.
On social networks, Nat Geo struggled to contain the barrage of critics that shook his pages after the ad. Its attempt to adopt an image of a BAYC NFT for promotional purposes angered many followers, with one NFT artist describing the BAYC as “the corniest and most tasteless example” of an NFT.
For a few others, the idea of publishing a NFt was akin to a scam—a 100-year-old brand like Nat Geo.
The nft market has suffered a blow since the onset of the crypto winter. Retail losses peaked at $450 million in the last quarter, and the total market value dropped by approximately 70 per cent. The once prestigious bored monkey yacht club, with an initial value of $1.3 million, has now traded for just over $70,000, which means an erosion of its value of 97 percent. These statistics have been the basis of much criticism.
Some of the best artists in the collection are serious kris, reuben wu, cath simard, diallo dolphin, yagazie emezi, michael yamashita, and justin aversano, among others. Despite the negative feelings, nat geo hopes to collect ~$370,000 from the primary sale and give users a chance to take advantage of their collection in the aftermarket.
