NFT Market Update - 31st May, 2022

Nike’s RTFKT bought ‘DotSwoosh’ Ethereum domain name for $35,000.

Gutter Cat Gang announced a partnership with PUMA to sponsor “Team Gutter Cats” in “The Basketball Tournament”. The tournament is a 64-team single-elimination for a $1 million grand prize airing on ESPN on July 16.

Prada is releasing their second NFT collection, a collab with Cassius Hirst. The brand focuses on physical items, with the latest NFT collection acting as a free bonus for purchasers.

The latest NFT airdrop scam entices individuals to accept high WETH offers.