Price of Eternal Beings Non-Fungible Token Experience a Plunge

ByEdward Thompson

Oct 2, 2021

By now, it has become a fact that the non-fungible token (NFT) industry is flying really high since the start of 2021. The sector has gained so much recognition and adoption that almost every celebrity wants a piece of it. The non-fungible token technology is proving to be really profitable and celebrities are considering it as an opportunity not to be missed.

However, it does not mean that any celebrity or any NFT being launched into the NFT sector would gain a lot of recognition and adoption. The recent NFT information is an example of exactly how celebrities can play a huge role in making and ruining the NFTs.

When it comes to being ruined by a celebrity, the latest NFT is Eternal Beings that have experienced a plunge in its price. According to information, the particular NFT had been endorsed and affiliated by Lil Uzi Vert, a famous celebrity rapper.

The reason behind the sudden price plunge for the NFT was none other than the celebrity rapper himself. According to reports, Lil Uzi Vert was reportedly endorsing the Eternal Beings NFT. In the process, the rapper also made announcements and talked about the NFT through his Twitter profile.

However, as the project officially launched, all the posts from the rapper’s Twitter profile related to the NFT were gone. It was later revealed that all the posts from the rapper’s Twitter profile were deleted. This sparked huge concerns over the rapper’s supporters as well as the NFT enthusiasts. These were all the fans and enthusiasts that had interacted with the particular NFT just because their idol was endorsing it.

The Eternal Beings NFT project is composed of a large number of alien avatar NFTs that have been generated through computers. The data shows that altogether, there are a total of 11,111 NFTs in the particular project.

The reports reveal that each avatar had some kind of resemblance with the rapper. Each avatar had some resemblance to the rapper, whether it was fashion style, tattoos, hair, or looks. These NFTs had been launched through the Solana blockchain, so the native currency SOL was used in order to purchase the NFTs.

The sources revealed that the entire collection for the NFT was sold at a price of 2.5 (SOL). At the time of writing, the amount being referred to translates to roughly $360.

The platform has confirmed that the entire collection was sold at the exact same price that the company spent for minting the NFTs.

However, right after the NFTs were sold, the rapper’s fans realized that all posts and promotions related to the NFT on the rapper’s Twitter profile were deleted. As a result, the entire collection price of the Eternal Beings ended up plunging to 1.67 SOL.

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