{"id":10150,"date":"2021-09-17T22:17:28","date_gmt":"2021-09-17T21:17:28","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=10150"},"modified":"2021-09-17T22:17:35","modified_gmt":"2021-09-17T21:17:35","slug":"john-cena-refers-to-his-personal-nft-sales-as-a-catastrophic-failure","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/john-cena-refers-to-his-personal-nft-sales-as-a-catastrophic-failure\/","title":{"rendered":"John Cena refers to his personal NFT sales as a “catastrophic failure”"},"content":{"rendered":"\n
Wrestling Entertainment offered 500 $1,000 gold tier packages with Cena's NFT<\/a>, but only a small percentage of them were sold.<\/h5>\n\n\n\n
\"John<\/figure>\n\n\n\n

Fans only bought 7.4 percent of the World Wrestling Entertainment, or WWE, non-fungible tokens he made available last month, according to professional wrestler and actor John Cena\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

Cena said it was a mistake to offer his WWE NFTs as part of a package including physical collectibles \u2014 a hat, shirt, wristbands, belt, towel, autographed picture, and the digital collectible \u2014 at Florida <\/a>Supercon 2021 on Sept. 12. The group provided 500 $1,000 gold tier packages with the NFT, but only a small percentage of them were sold.<\/p>\n\n\n\n

\u201cI talk a lot about failure,\u201d Cena remarked, \u201cand this notion failed.\u201d \u201cMyself and the WWE <\/a>thought $1,000 was a reasonable pricing point. We were mistaken. We were completely incorrect.\u201d<\/p>\n\n\n\n

He continued, “<\/p>\n\n\n\n

\u201cWe sold 37 of them. It was a catastrophic failure.\u201d<\/p><\/blockquote>\n\n\n\n

In honour of the wrestling star, Cena and WWE launched two tiers of NFTs: a 24-hour auction of a \u201cJohn Cena Platinum NFT\u201d and the 500 limited edition NFTs that were included in the aforementioned bundle of actual artifacts the following day, respectively. <\/p>\n\n\n\n

According to reports, the platinum NFT sold for $21,000, with the highest bidder receiving VIP tickets and accommodations to either WrestleMania 38 in Dallas or WrestleMania 39 in Los Angeles as a thank you.<\/p>\n\n\n\n

Wrestling veteran Chris Jericho supported the cryptocurrency area on social media far before the rise in popularity of NFTs. <\/p>\n\n\n\n

He tweeted an image of the real Bitcoin token just before the 2017 bull run, when the price of the cryptocurrency was in the $4,000s. The Undertaker, a retired professional wrestler who was a member of the WWE until 2020, has also appeared in NFT collections.<\/p>\n\n\n\n

It's unclear whether the price of the NFT <\/a>\u2014 Cena himself estimated the digital artwork to be worth approximately $500 \u2014 or the actual memorabilia were a deterrent to wrestling fans in the first place. <\/p>\n\n\n\n

In July, an entrepreneur held simultaneous auctions for a job application from Apple co-founder Steve Jobs<\/a> as well as a non-transferable version of the application. Ultimately, the actual paper sold for $343,000, while the last price for the NFT was 12 Ether<\/a>, which was equal to approximately $27,460 at the time.<\/p>\n","protected":false},"excerpt":{"rendered":"

Wrestling Entertainment offered 500 $1,000 gold tier packages with Cena’s NFT, but only a small percentage of them were sold. Fans only bought 7.4 percent of the World Wrestling Entertainment, or WWE, non-fungible tokens he made available last month, according to professional wrestler and actor John Cena . Cena said it was a mistake to […]<\/p>\n","protected":false},"author":13,"featured_media":10152,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[4471,147,4472],"class_list":["post-10150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-john-cena","tag-nft","tag-wwe"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/image-155.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/10150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=10150"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/10150\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/10152"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=10150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=10150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=10150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}