Michael Owen Criticized for Bold Claims That His Legacy NFT Collection Can’t Lose Value
Recently, previous English football star Michael Owen, close by his colleague Oceidon, a Guernsey-based blockchain innovation supplier, carried out another non-fungible token (NFT) project named Legacy. Notwithstanding, it immediately drew criticism.
An NFT Collection That Doesn’t Lose Value?
The accomplices guaranteed that the NFT assortment was planned so that its floor cost can increment yet never go down, making it the first of its kind.
According to The Telegraph, Andrew Green, the prime supporter of Oceidon, advised clients that they had concocted an instrument to guarantee that the NFTs don’t lose esteem in any event, when there is low demand.
“We have come up with a way to prohibit people selling the NFTs for less than what they initially acquired them for,” Green said.
The pair said the tokens can be bought at a proper floor value and be exchanged by clients. In any case, when the interest for the NFTs diminishes, holders won’t be permitted to sell them for less, regardless of whether there are prepared purchasers accessible in the market.
This implies that the NFTs would be misleadingly secured at an exorbitant cost. On the off chance that interest for them doesn’t return up, financial backers could lose their assets endlessly, an unsafe endeavor considering the volatile nature of the NFT market.
Owen Faces Strong Criticism
Owen’s cases about his new Legacy NFT assortment created truly a ruckus via online entertainment, for certain fans and crypto devotees asking, “Is that because they’re worth nothing to start with?”
One fan slammed the footballer, saying:
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