Beeple, Madonna NFTs flop after initial craze.

May 25, 2022

Madonna’s latest NFT collection attracted underwhelming bids at the latest auction.

Beeple had created three NFTs with Madonna that depicted the “Material Girl” giving birth to a tree, a centipede, and butterflies.

The three NFTs only managed to get the highest bids of $135,000, $346,000 and $146,000, respectively.

Crypto artist Beeple had earlier sold an NFT for an eye-popping $69 million.

Nick Rose, founder and CEO of NFT platform Ethernity, noted that these biddings were unexpectedly low.

According to NonFungible, the number of sales have dropped to 24,000 a day this week frome nearly 225,000 per day back in September.

BAYC’s cheapest NFT is listed at about $183,135, down from an all-time high of $429,000.