A promo image from the OneOf “Sky’s the Limit” Notorious B.I.G. NFT Collection. Photo Credit: Michael Lavine
Amid mounting complaints from token holders – and adjacent concerns about its path forward – non-fungible token (NFT) marketplace OneOf has shown signs of life with a new “drop,” centering on prints of “vintage slides” featuring artists such as Elvis and David Bowie.
A longtime OneOf customer tipped Digital Music News to this latest OneOf project, which the platform quietly plugged on social media. Against the backdrop of reduced music web3 funding and an even more pronounced falloff in the value of NFTs, the corresponding Instagram post was OneOf’s first since early November.
Initially priced at $199 a pop but with a current cost of $395 apiece, each of the tokens appears to serve as a “digital certificate of authenticity” for physical prints of slides owned by Globe Entertainment & Media Corporation. Up for grabs at the time of this writing were prints and digital certificates (seemingly a total of 10 per act) featuring the Rolling Stones, Jimi Hendrix, Mick Jagger, The Beatles, Kiss, and others.
The aforementioned customer told us that OneOf had hosted a Twitter Spaces event about the “Music Hall of Fame” products at hand – also expressing the belief that takers appeared few and far between for the pricey prints.
Meanwhile, on the NFT company’s Discord server, that OneOf’s newest endeavor in months revolves around fresh tokens as opposed to support for already-sold NFTs looks to be fueling renewed community-involvement complaints.
“Most of us wont spend another dime until they follow through with promises of past drops,” one investor spelled out. “When I bring them up on nft groups, its either a joke or theyve never heard of oneof.”
OneOf has for some time faced similar complaints – raising additional questions yet about its operational outlook following over $70 million in announced funding. Last year, we reported on the formerly high-flying company’s apparent woes – including, most significantly on the music side, allegations of failing to honor promises behind a Notorious B.I.G. token drop.
Chief among these promises was (and is) the “first access” that purchasers would purportedly receive to The Brook, a “lifestyle, fashion, culture, music, entertainment metaverse experience launching soon with BIGGIE’s hyper realistic avatar as a character.”
Close to two years after the corresponding release was published, though, The Brook isn’t live, and the appropriate domain name has long been listed for sale. Furthermore, customers, who spent substantial sums on the tokens, are continuing to inquire about other components of the drop, including a promised say in the commercial use of “Biggie Smalls’ most famous freestyle.”
“Does One Of still have employees?” one individual asked in the Biggie section of OneOf’s Discord server in late December. “What are they currently up to? I’m lost and trying to figure out when we can use that Biggie track.”
“CRICKETS ……. The whole site seems like until they need some money then here goes the globe drops another 32k for what, we dont get anything but crickets. Come on man!!!!!” a different ticked-off token holder wrote in January.
A cursory examination of the same section of OneOf’s Discord server shows that Biggie NFT holders may have had, for a limited period, the opportunity to mint separate Big Poppa avatars in The Sandbox free of charge. Many say they weren’t aware of the deadline to do so, per posts on the convoluted subject.