Greg Solana dismisses rumors of new Yuga Labs collection
Yuga Labs co-founder Greg Solana has dismissed rumors that BAYC creators plan to launch a new NFT collection called “Mecha Apes” by the end of 2022.
The rumors began swirling after Protos claimed to have obtained leaked documents detailing that Yuga Labs was looking to raise about $50 million from the sale of 100,000 encrypted lots.
On September 16, Garga.eth corrected it all as “fake news” on Twitter.
fake news👍 https://t.co/KVMaO18IaF
— Garga.eth (@CryptoGarga) September 15, 2022
Yuga Labs hopes to create an interoperable Metaverse ecosystem in Otheride that includes a virtual place for people to socialize, a variety of Play-to-earn game modes and a hub for users to receive critical education about blockchain, NFTs, and the Metaverse.
Yuga Labs is valued at around $4 billion, and so far, BAYC NFTs have generated more than $2.4 billion in revenue, while Otherdeed NFTs for the Otheride Metaverse have raked in over $1 billion.
Budweiser congratulates the Merge
Beer manufacturer Budweiser introduced a limited number of beer cans with the ENS Beer.eth domain after The Merge event.
This Bud’s for the Merge. pic.twitter.com/pNRLlmsNMs
— Budweiser (@budweiserusa) September 15, 2022
While the company didn’t provide any further details, they initially created a selected number for the NFT Beer Fest event in March.
The company originally purchased the Beer.eth domain for nearly $100,000 in August 2021 and partnered with NFT horse racing game Zed Run in early 2022 to create tracks and horses for the Budweiser brand.
>>> Related: The Merge has completed – Ethereum moves to Proof-of-Stake
NFTs minted on the last Ethereum PoW block
According to data from Etherscan, NFTs were minted on the last Ethereum Proof-of-work (PoW) block before the network moved to PoS.
That’s the VanityBlock token in which users paid 30.2 Ether (ETH) and a gas fee of 1.3 ETH to mint, worth about $46,500 at the time of writing.
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!
Legend🤝https://t.co/xCoMyJMTyv https://t.co/w2RiIprQoh pic.twitter.com/GmyF6ImlDP
— DeFiyst (@DeFiyst) September 15, 2022
NFTs have been sold on OpenSea and currently have a peak offer of 10 Wrapped ETH (WETH) worth around $14,700.
VanityBlocks offers buyers the opportunity to own a full crypto block on Ethereum with transaction data up to the entire block. Only 18 of these NFTs are 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 particular NFT, which detracts from the end of Ethereum’s PoW history.
Funko uses NFTs to increase revenue
Funko has gone after NFTs to meet demand from young collectors who value digital goods and assets.
So far, the company has released several Funko Pop NFTs featuring beloved characters from the series such as Avatar, Hey Arnold, and Teenage Mutant Ninja Turtles.
While admitting that he is not well versed in NFTs and blockchain, Perlmutter understands that young people are fully immersed in the digital realm.
“We know that it makes sense for our brand to enter the NFT business,” Perlmutter concluded.
Other news
On September 14, popular NFT project Doodles 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 Solana Magic Eden-based NFT marketplace has fended off some community backlash following the launch of MetaShield, a new enforcement tool aimed at preventing NFT buyers from ignoring creator royalties.
