Premier League legend John Terry is one of the most successful players to grace the league, he recently released an NFT project, but since its release, it has lost most of its value
Ape Kids Football Club
On 2 February 2022, John Terry and his team released their highly anticipated NFT project to considerable fanfare. As at the launch time, the collection was trading publicly at an average price of $656 per NFT, but over the last few weeks, the value of an average NFT in this project has plummeted at an unhealthy rate.
Due to Terry’s personality and success, it wasn’t hard for him to convince a slew of current and past football stars to partner with him or endorse his project. Some of the big-name players that initially backed or promoted this project include Ashley Cole, Tammy Abraham, Jack Wilshere, and more.
Some of the other professional players that invested in this project include Ben Foster, Nigel de Jong, and Daley Blind. Due to recent developments, many stars have publicly withdrawn their support for this project, with many deleting related posts on social media and distancing themselves from the Ape Kids Football Club NFT collection.
The Ape Kids Football Club has had a tumultuous first month, and considering the plummet in its value, there are a few events over the last few weeks that we can point to as the most likely propagators of this dramatic and sudden decline.
Read on for more about Ape Kids NFTs