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Rumors of latest Yuga Labs assortment quashed, Budweiser celebrates the Merge and extra

ETHHERO September 17, 2022 4 min read


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

The rumors began swirling after Protos claimed to have obtained leaked paperwork detailing that Yuga Labs was elevating round $50 million from the sale of 100,000 tokenized land plots.

After the information was reported by way of numerous shops on-line, Garga.eth famous it was all “faux information” by way of Twitter on Friday.

Whereas the rumors have been quashed, provided that Yuga Labs has hit the ball out of the park with every venture it’s launched thus far, and that it has outlined a broad imaginative and prescient for its metaverse, one other NFT venture from them sooner or later doesn’t seem to be such a stretch.

In the end, Yuga Labs hopes to create an interoperable metaverse ecosystem within the Otherside that features a digital place for folks to socialize, a number of sport modes with play-to-earn features and a hub for customers to obtain key training on blockchain, NFTs and the Metaverse.

Yuga Labs is valued at round a whopping $4 billion, and thus far, the BAYC NFTs have generated greater than $2.four billion price of gross sales, whereas Otherdeed NFTs for the Otherside metaverse has fetched greater than $1 billion.

Budweiser shares a toast to the Merge

Beloved beer producer Budweiser has teased a restricted run of beer cans that includes the agency’s Beer.eth Ethereum Identify Service (ENS) area title following the Merge.

Sharing a photograph of a Budweiser can that includes “Beer.eth, king of NFTs” within the heart on Friday, the agency tweeted that “This Bud’s for the Merge.”

Whereas the agency didn’t present any additional particulars on the cans, it initially created a choose quantity for its NFT Beer Fest occasion in March.

Questioned by folks how they might get their arms on the particular cans, the beer maker teased that they “may simply make one other look.”

The agency initially purchased the Beer.eth domain for nearly $100,000 in August 2021 and has continued to remain concerned with the sector since, teaming up with NFT horse racing game Zed Run earlier this yr to create Budweiser manufacturers race tracks and horses.

NFT minted on final Ethereum PoW block

In keeping with knowledge from Etherscan, somebody managed to mint an NFT on the ultimate Ethereum proof-of-work (PoW) block earlier than the community converted to proof-of-stake (PoS).

The NFT in query was a VanityBlock token wherein the consumer paid 30.2 Ether (ETH) and a 1.three ETH fuel charge to mint, price roughly $46,500 on the time of writing.

The NFT has since been put up on the market on OpenSea, and presently has the best supply of 10 Wrapped Ether (wETH), price round $14,700.

VanityBlocks gives consumers an opportunity to personal a full tokenized block on Ethereum, because it publishes transactional knowledge onto a whole block. There are simply 18 of those NFTs listed on OpenSea, with costs beginning at round 1.1 ETH.

Regardless of the present bear market, the dearth of bidding motion appears shocking given the rarity of this particular NFT which caps off the tip of Ethereum’s PoW historical past.

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

Funko using to NFTs to make income pop: CEO

Andrew Perlmutter, CEO of collectible determine behemoth Funko, has outlined that the agency has gotten behind NFTs to fulfill demand from youthful collectors who worth digital items and belongings.

Up to now, the agency has launched a number of Funko Pop NFT drops that includes beloved characters from franchises akin to Avatar, Hey Arnold and the Teenage Mutant Ninja Turtles.

Whereas Perlmutter admitted to Buyers.com on Thursday that he’s not properly versed in NFTs and blockchain, he understands that the youth is totally engulfed within the digital sphere.

“My youngsters all the time need the newest Fortnite avatar pores and skin or gun,” he stated, including that “so the way in which they view digital belongings is totally different from how we dinosaurs view them.”

“We knew that it simply made sense for our model to be within the NFT enterprise… It’s folks amassing digital belongings,” Perlmutter concluded.

Different Nifty Information

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

Solana-based NFT market 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.