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Dead brands & web3 - a cash grab or innovation?

All Cryptocurrencies

by COINS NEWS 109 Views

Radioshack Token:

RadioShack Token was launched in March 2022 to fund the struggling electronics retailer's operations.

However, the project was short-lived, and the token was deemed a failure due to poor adoption.

The actual purpose of the token seems unknown and the coin was worthless from launch ; quickly plummeting in price.

I'm my opinion this is the perfect example of a dead brand trying to make a quick buck off the crypto hype train and had no real future in the cryptocurrency space.


Limewire NFT Marketplace:

Rumored early on to be the revival of Limewire and the bridge between crypto and music - it is running on the Algorand blockchain and has backing from artists like wu tang and deadmau5.

So far it's just your run of the mill NFT marketplace with some of their own limewire originals and NFT music for sale but they apparently have a LMWR token coming soon.

I personally don't think this is the cards for web3 - like RadioShack ; Limewire isn't well known with the current generation and I think if a brand was going to pick up real traction in this space I think it would be Spotify or Apple.


Playboy Rabbitar NFTs:

What do you think Hugh Hefner would of thought of this idea?

Playboy has come up with "Rabbitars"; cartoon rabbits that Playboy enthusiasts can collect ; they have unique attributes and buying them gains you access to "benefits" like access to special archivals and art and access to the "Playboy mansion metaverse"

I think the cartoon rabbits are childish and I'm the end will not be worth owning unless you are a serious Playboy collector (why?).

Playboy as a brand has been dying and bleeding money for awhile now and this is an obvious way to try and squeeze every last bit of brand recognition they can out of the bunny and get money from the hands of the web3 NFT moonshot speculators.

I believe they should stick to making trashy women's lingerie and cheap accessories and stay out of crypto.


Budweiser FIFA NFTs:

I think this speaks for itself - Budweiser and Fifa selling NFTs for $100 USD a pop and giving you a shitty flash game and access to a nft holders only discord channel.

The NFTs themselves are ugly and are the same with the only unique attribute being the country.

Is this no different than buying a t shirt, card or any other sports memorabilia?

Or are brands taking advantage of web 3 hype to sell more products and potentially get their products in front of more eyes?


And last but not least...

Trump NFT Collection:

Who expected Donald Trump to release his own collectible NFTs?

These sold fast and featured the man himself with unique poses and accessories.

They quickly lost value but suddenly pumped again recently and have regained some value.

For what reason is unknown but there are rumors of another NFT surge and this could just be people buying up the cheap collectibles in hope to make a future profit.


Well these are some of the dead brands that have dabbled in the blockchain space - can you think of any?

Is this true brand innovation or just old brands milking the last of their reputation?

submitted by /u/Wack0Wizard
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