The co-founder of Yuga Labs, Greg Solana (Garga.eth), has debunked rumors that the creators of Bored Ape Yacht Club (BAYC) have plans to release a new collection of NFTs dubbed “Mecha Apes” later this year.
Rumors began to circulate after Protos claimed to have obtained leaked documents detailing that Yuga Labs was looking into raising some $50 million from the sale of 100,000 tokenized parcels.
After the news spread through various online outlets, Garga.eth pointed out that it was all “fake news.” via Twitter on September 16.
fake news https://t.co/KVMaO18IaF
— Garga.eth (@CryptoGarga) September 15, 2022
Although the rumors have been debunked, Given that Yuga Labs has hit the nail on the head with every project they’ve released so far, and have outlined a broad vision for their Metaverse, another NFT project of theirs in the future doesn’t seem like such a stretch.
As a last resort, Yuga Labs hopes to create an interoperable Metaverse ecosystem on Otherside that includes a virtual place for people to socialize, a series of game modes with Play-to-Earn aspects, and a hub for users to receive key blockchain education. NFT and the Metaverse.
Yuga Labs is valued at around $4 billion, and to date BAYC NFTs have generated over $2.4 billion in sales, while Otherdeed NFTs for the Otherside metaverse have fetched over $1 billion.
Budweiser toasts to the merger of Ethereum
The well-known brewer Budweiser has announced a limited run of beer cans bearing the company’s Ethereum Name Service domain name, Beer.eth, following the merger.
Sharing a photo of a Budweiser can with “Beer.eth, king of NFT” in the center on September 16, the firm tweeted that “This Bud is for Fusion.”
This Bud’s for the Merge. pic.twitter.com/pNRLlmsNMs
— Budweiser (@budweiserusa) September 15, 2022
This Bud is for Fusion.
Although the firm did not elaborate on the cans, it initially created a select number for its NFT Beer Fest event in March.
When people asked how he could get the specialty cans, the brewer hinted that “they might make another appearance.”
The firm initially purchased the Beer.eth domain for nearly $100,000 in August 2021, and has continued to be involved in the industry ever since. partnering with NFT’s horse racing game Zed Run earlier this year to create Budweiser-branded racetracks and horses.
An NFT was minted in the latest Ethereum PoW block
According to data from Etherscan, someone managed to mint an NFT in the last Ethereum Proof-of-Work (PoW) block before the network switched to PoS.
The NFT in question was a VanityBlock token in which the user paid 30.2 Ether (ETH) and a gas fee of 1.3 ETH to mint it, worth approximately $46,500. at the time of writing this article.
This ACTUALLY happened!
Someone filled the final PoW block by minting a VanityBlock NFT!
They paid 30.2 ETH with a 1.3 ETH TX fee for the privilege of capping out the 30 million gas limit and creating the final transaction!
Legendhttps://t.co/xCoMyJMTyv https://t.co/w2RiIprQoh pic.twitter.com/GmyF6ImlDP
— DeFiyst (@DeFiyst) September 15, 2022
This has really happened! Someone filled the last PoW block by minting a VanityBlock NFT! He paid 30.2 ETH with a fee of 1.3 ETH TX for the privilege of capping the 30 million gas cap and creating the final transaction! A legend.
The NFT has since been put up for sale on OpenSea, and currently has a maximum supply of 10 wrapped ETH (WETH) worth about $14,700.
VanityBlocks offers buyers the opportunity to own an entire tokenized block on Ethereum by publishing the transactional data in an entire block. There are only 18 of these NFTs listed on OpenSeawith prices starting around 1.1 ETH.
Despite the current bear market, the lack of supply action seems surprising given the rarity of this specific NFT capping off the end of Ethereum’s PoW story.
Funko uses NFTs to blow up revenue, says CEO
Andrew Perlmutter, CEO of the giant of collectible figures Funko, has pointed out that the company has opted for NFTs to meet the demand of younger collectors who value digital goods and assets.
Until now, the company has released several Funko Pop NFTs featuring beloved characters from franchises like Avatar, Hey Arnold, and the Teenage Mutant Ninja Turtles.
Although Perlmutter admitted to Investors.com on September 15 that he is not well versed in the NFT and blockchain space, he understands that youth are immersed in the digital sphere.
“My kids always want the latest Fortnite avatar skin or weapon,” he said, adding that “therefore, the way they see digital assets is different from how we dinosaurs see them.”
“We knew it just made sense for our brand to be in the NFT business… It’s people who collect digital assets,” Perlmutter concluded.
Other Nifty News:
On Tuesday, the popular NFT project Doodles announced that it had raised $54 million at a valuation of $704 million in a funding round led by Seven Seven Six, with participation from 10T Holdings, Acrew Capital and FTX Ventures.
The NFT Market Solana-based Magic Eden has gotten some mixed reactions from the community following the release of MetaShield, its new enforcement tool aimed at dissuading NFT buyers from circumventing copyrights.
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