The founders of a Las Vegas crowd attraction are launching mob-themed intangible tokens that include digitized versions of real-life organized crime memorabilia.
Also called ‘The Mob Experience’, the collection features NFT versions of artifacts that belonged to some of America’s most notorious gangsters. The artifacts include a handwritten note from Al Capone to his son written from Alcatraz; the handwritten diaries of Meyer Lansky; Bugsy Seigel’s pistol and Mickey Cohen’s brass knuckles, among other historical pieces.
According to a recent press release, the collection will be auctioned over a two-week period from April 22. But given the dramatic turn the NFT market has taken over the past month, is the arrival of “the mafia” on the symbolic scene a bit late?
Data from Nonfungible.com reveals that almost every measurable metric related to NFT sales has dropped in recent times. The frequency of NFT sales fell 30% in the past month, from 179,656 to 124,371.
Meanwhile, the total value of NFT sales measured in US dollars fell 15% from last month’s moving average of $ 229,945,000 to the most recently measured data point of $ 193,261,000.
The number of active NFT wallets decreased by 24% over the same period, while the number of unique buyers of NFTs decreased by the same percentage.
A recent Bloomberg report suggested that the average value of each NFT purchased fell 70% in April. From its February high of $ 4,300, the average price paid for an NFT dropped to $ 1,400 just a few months later.
The Mob Experience’s decision to enter the NFT market was prompted by cryptocurrency investor Michael Evers. Evers spoke about the rarity of converting a museum-quality collection into NFTs.
“Never before has a museum quality collection been tied to the NFT market. The opportunity for Mob fans and collectors, as well as NFT owners, to be the only one in the world to own an extraordinary and uniquely unique piece of history is an exciting new first for the NFT market, ”said Evers.