<p><span class="TextRun SCXW101091985 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW101091985 BCX0">NBA Hall of Famer Scottie Pippen’s </span><span class="NormalTextRun SCXW101091985 BCX0">NFT collection has </span><span class="NormalTextRun SCXW101091985 BCX0">broken the </span><span class="NormalTextRun SpellingErrorV2Themed SCXW101091985 BCX0">OpenSeas</span><span class="NormalTextRun SCXW101091985 BCX0"> sales record previously set by actor Anthony Hopkins, after his digital-asset collection sold out in less than one-and-a-half minutes. </span></span><span class="LineBreakBlob BlobObject DragDrop SCXW101091985 BCX0"><span class="SCXW101091985 BCX0"> </span><br class="SCXW101091985 BCX0" /> </span><span class="LineBreakBlob BlobObject DragDrop SCXW101091985 BCX0"><span class="SCXW101091985 BCX0"> </span><br class="SCXW101091985 BCX0" /> </span><span class="TextRun SCXW101091985 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW101091985 BCX0">Pippen’s 1,000-piece </span><span class="NormalTextRun SCXW101091985 BCX0"><a href="https://opensea.io/collection/scottie-pippen?search[sortAscending]=true&amp;search[sortBy]=UNIT_PRICE">NFT collection</a> sold out in a mere 77 seconds on Tuesday, according to Orange Comet, the company responsible for producing both the former NBA legend's</span><span class="NormalTextRun SCXW101091985 BCX0"> and Hopkins' NFT collections. Selling out at </span><span class="NormalTextRun SCXW101091985 BCX0">such a rapid pace also means Pippen's NFT drop outpaced <a href="https://www.theblock.co/post/195680/donald-trump-nft-collection-sells-out-within-hours">last week’s</a> highly publicized drop inspired by former President Donald Trump.</span></span><span class="LineBreakBlob BlobObject DragDrop SCXW101091985 BCX0"><span class="SCXW101091985 BCX0"> </span><br class="SCXW101091985 BCX0" /> </span><span class="LineBreakBlob BlobObject DragDrop SCXW101091985 BCX0"><span class="SCXW101091985 BCX0"> </span><br class="SCXW101091985 BCX0" /> </span><span class="TextRun SCXW101091985 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="none"><span class="NormalTextRun SCXW101091985 BCX0">“After an amazing year for Orange Comet, selling out this iconic NFT collection and beating our previous record with Sir Anthony Hopkins’ drop is an incredible way to close out 2022 and a true testament to the work our team puts into the creation of these collections,” </span></span><span class="TextRun MacChromeBold SCXW101091985 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="none"><span class="NormalTextRun SCXW101091985 BCX0">Orange Comet CEO and co-founder Dave Broome said in a statement. </span></span><span class="LineBreakBlob BlobObject DragDrop SCXW101091985 BCX0"><span class="SCXW101091985 BCX0"> </span></span></p> <p><span class="LineBreakBlob BlobObject DragDrop SCXW101091985 BCX0">Hopkins' NFT collection sold out in seven minutes in October. <br class="SCXW101091985 BCX0" /> </span><span class="LineBreakBlob BlobObject DragDrop SCXW101091985 BCX0"><span class="SCXW101091985 BCX0"> </span><br class="SCXW101091985 BCX0" /> </span><span class="TextRun SCXW101091985 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="none"><span class="NormalTextRun SCXW101091985 BCX0">Orange Comet’s Pippen collection</span><span class="NormalTextRun SCXW101091985 BCX0">, which are essentially digital sneakers,</span><span class="NormalTextRun SCXW101091985 BCX0"> </span><span class="NormalTextRun SCXW101091985 BCX0">also </span><span class="NormalTextRun SCXW101091985 BCX0">represents </span><span class="NormalTextRun SCXW101091985 BCX0">the company’s first for</span><span class="NormalTextRun SCXW101091985 BCX0">ay into releasing</span> <span class="NormalTextRun SCXW101091985 BCX0">a line of</span><span class="NormalTextRun SCXW101091985 BCX0"> “</span><span class="NormalTextRun SCXW101091985 BCX0">digital wearables</span><span class="NormalTextRun SCXW101091985 BCX0">”</span><span class="NormalTextRun SCXW101091985 BCX0"> it is calling "</span><span class="NormalTextRun SpellingErrorV2Themed SCXW101091985 BCX0">Metawear</span><span class="NormalTextRun SCXW101091985 BCX0">."</span></span><span class="LineBreakBlob BlobObject DragDrop SCXW101091985 BCX0"><span class="SCXW101091985 BCX0"> Pippen and Broome recently appeared on <a href="https://www.theblock.co/post/194742/scottie-pippen-unpacks-the-power-of-flexing-in-the-metaverse">The Scoop</a>, a podcast by The Block.</span></span></p> <p><img class="alignnone size-medium wp-image-196857" src="https://www.tbstat.com/wp/uploads/2022/12/Image-15910-253x450.jpeg" alt="" width="253" height="450" /></p> <p><span class="LineBreakBlob BlobObject DragDrop SCXW101091985 BCX0">So far Pippen's collection has yielded more than $240,000 in sales volume, according to OpenSea data.</span></p> <div class="c-message_actions__container c-message__actions" role="group"> <div class="c-message_actions__group" role="group" aria-label="Message actions" data-qa="message-actions">NFT sales volumes, in U.S. dollar terms, have plummeted amid a prolonged crypto winter, making it increasingly harder to successfully launch new collections. </div> <div role="group" aria-label="Message actions" data-qa="message-actions"> </div> <div role="group" aria-label="Message actions" data-qa="message-actions">But like Trump’s drop, which enters holders into a sweepstakes with a chance to win access to different special events, of the initial 1,000 holders of Pippen’s NFTs, 33 will receive a pair of physical speakers, according to Orange Comet. One holder and a guest also will be invited to visit Pippen’s hometown, the company’s website said.</div> <div role="group" aria-label="Message actions" data-qa="message-actions"> </div> <div role="group" aria-label="Message actions" data-qa="message-actions">As the market for NFT collections has cooled significantly, more money is being invested into attaching added benefits (also called utility) to digital assets. Big brands and artists are hoping that more mainstream consumers will embrace NFTs if they offer consumers special privileges or opportunity to win prizes.</div> <div role="group" aria-label="Message actions" data-qa="message-actions"> </div> <div role="group" aria-label="Message actions" data-qa="message-actions"><em>Update: This story was updated with additional art.</em></div> </div> <div class="c-message_kit__gutter"> <div class="c-message_kit__gutter__right" role="presentation" data-qa="message_content"> <div class="c-message_kit__blocks c-message_kit__blocks--rich_text"> <div class="c-message__message_blocks c-message__message_blocks--rich_text" data-qa="message-text"> <div class="p-block_kit_renderer" data-qa="block-kit-renderer"> <div class="p-block_kit_renderer__block_wrapper p-block_kit_renderer__block_wrapper--first"> <div class="p-rich_text_block" dir="auto"> </div> </div> </div> </div> </div> </div> </div> <div class="c-message_actions__container c-message__actions" role="group"> <div class="c-message_actions__group" role="group" aria-label="Message actions" data-qa="message-actions"> </div> </div><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>