Friday 30 September 2022
Home / none / Nifty News: Rumors of new Yuga Labs collection quashed, Budweiser celebrates the Merge and more

Nifty News: Rumors of new Yuga Labs collection quashed, Budweiser celebrates the Merge and more

Yuga Labs co-founder Greg Solana, or Garga, has shot down rumors that the Bored Ape Yacht Club (BAYC) creators have plans to launch a new nonfungible token (NFT) collection dubbed Mecha Apes by the end of the year.

The rumors started swirling after Protos claimed to have obtained leaked documents detailing that Yuga Labs was looking at raising around $50 million from the sale of 100,000 tokenized land plots.

After the news was reported via various outlets online, Garga.eth noted it was all “fake news” via Twitter on Friday.

While the rumors have been quashed, given that Yuga Labs has hit the ball out of the park with each project it’s launched so far, and that it has outlined a broad vision for its metaverse, another NFT project from them in the future doesn’t seem like such a stretch.

Ultimately, Yuga Labs hopes to create an interoperable metaverse ecosystem in the Otherside that includes a virtual place for people to socialize, a host of game modes with play-to-earn aspects and a hub for users to receive key education on blockchain, NFTs and the Metaverse.

Yuga Labs is valued at around a whopping $4 billion, and to date, the BAYC NFTs have generated more than $2.4 billion worth of sales, while Otherdeed NFTs for the Otherside metaverse has fetched more than $1 billion.

Budweiser shares a toast to the Merge

Beloved beer manufacturer Budweiser has teased a limited run of beer cans featuring the firm’s Beer.eth Ethereum Name Service (ENS) domain name following the Merge.

Sharing a photo of a Budweiser can featuring “Beer.eth, king of NFTs” in the center on Friday, the firm tweeted that “This Bud’s for the Merge.”

While the firm didn’t provide any further details on the cans, it initially created a select number for its NFT Beer Fest event in March.

Questioned by people how they could get their hands on the special cans, the beer maker teased that they “might just make another appearance.”

The firm initially purchased the Beer.eth domain for almost $100,000 in August 2021 and has continued to stay involved with the sector since, teaming up with NFT horse racing game Zed Run earlier this year to create Budweiser brands race tracks and horses.

NFT minted on last Ethereum PoW block

According to data from Etherscan, someone managed to mint an NFT on the final Ethereum proof-of-work (PoW) block before the network switched over to proof-of-stake (PoS).

The NFT in question was a VanityBlock token in which the user paid 30.2 Ether (ETH) and a 1.3 ETH gas fee to mint, worth roughly $46,500 at the time of writing.

The NFT has since been put up for sale on OpenSea, and currently has the highest offer of 10 Wrapped Ether (wETH), worth around $14,700.

VanityBlocks offers buyers a chance to own a full tokenized block on Ethereum, as it publishes transactional data onto an entire block. There are just 18 of these NFTs listed on OpenSea, with prices starting at around 1.1 ETH.

Despite the current bear market, the lack of bidding action seems surprising given the rarity of this specific NFT which caps off the end of Ethereum’s PoW history.

Related: Ethereum community wastes no time minting PoS NFTs right after the Merge

Funko utilizing to NFTs to make revenue pop: CEO

Andrew Perlmutter, CEO of collectible figure behemoth Funko, has outlined that the firm has gotten behind NFTs to meet demand from younger collectors who value digital goods and assets.

So far, the firm has released several Funko Pop NFT drops featuring beloved characters from franchises such as Avatar, Hey Arnold and the Teenage Mutant Ninja Turtles.

While Perlmutter admitted to on Thursday that he’s not well versed in NFTs and blockchain, he understands that the youth is fully engulfed in the digital sphere.

“My kids always want the latest Fortnite avatar skin or gun,” he said, adding that “so the way they view digital assets is different from how we dinosaurs view them.”

“We knew that it just made sense for our brand to be in the NFT business… It’s people collecting digital assets,” Perlmutter concluded.

Other Nifty News

On Tuesday, popular NFT project Doodles announced that it had raised $54 million at a $704 million valuation in a funding round led by Seven Seven Six, with participation from 10T Holdings, Acrew Capital and FTX Ventures.

Solana-based NFT marketplace Magic Eden has fended off some community backlash following the launch of MetaShield, its new enforcement tool aimed at deterring NFT buyers who bypass creator royalties.

Original Article

About Jude Savage

Check Also

Ethereum Merge was ‘executed flawlessly,’ says Starkware co-founder

As the dust settled over the Ethereum network’s highly-anticipated transition to proof-of-stake (PoS), Eli Ben-Sasson, the co-founder of Starkware, gave his thoughts on its execution and potential for the future. Speaking to Cointelegraph’s Gareth Jenkinson at the Token2049 event, Ben-Sasson shared his thoughts on the current situation post-Merge and how it affects layer-2 projects like Starkware. In addition to that, the executive also gave his thoughts on the adoption and interest for layer-2 products and the crypto winter. Looking back at the Ethereum Merge’s execution, Ben-Sasson rejoiced that the transition was flawless and said things happened as they should. The executive explained that: “The most important thing is that it was executed flawlessly. Everything that was supposed to happen did happen. And none of the things that people were worried about did happen. And that's terrific news.”Additionally, the executive also highlighted the importance of the new Ethereum netw..

Leave a Reply

Your email address will not be published. Required fields are marked *