Warner Music Group works with OpenSea to give artists more ways to make money on Web3

45% of ETH validators are now following US rules

To spur growth, the Ethereum Project Ribbon Finance has launched a cryptocurrency options exchange

Greg Solana, or Garga, a co-founder of Yuga Labs, has dispelled claims that the makers of the Bored Ape Yacht Club (BAYC) intend to introduce the Mecha Apes nonfungible token (NFT) collection by the end of the year.

Protos' claims that it had discovered stolen documents revealing that Yuga Labs planned to sell 100,000 tokenized land plots in order to raise $50 million sparked the rumors.

Garga.eth commented on Twitter on Friday that the news was all "false news" after it had been reported by a number of internet outlets.

Although the rumors have been denied, it doesn't seem far-fetched to expect another NFT project from Yuga Labs in the future considering the success of each of their projects thus far and their detailed metaverse vision.

In the end, Yuga Labs wants to build an interoperable metaverse ecosystem in the Otherside that has a virtual social hub, a variety of game modes with pay-to-win elements, and a center where users can get important training on blockchain, NFTs, and the Metaverse.

The BAYC NFTs have earned more than $2.4 billion in sales to date, while the Otherdeed NFTs for the Otherside metaverse have brought in more than $1 billion. Yuga Labs is estimated to be worth a staggering $4 billion.

Budweiser shares a toast to the Merge

Budweiser, a well-known beer brand, has hinted at a limited run of beer cans that will feature the company's Beer.eth Ethereum Name Service (ENS) domain name after the Merge.

The company tweeted on Friday, "This Bud's for the Merge," along with a picture of a Budweiser can with the phrase "Beer.eth, king of NFTs" in the middle.

The company developed a limited number of the cans for its NFT Beer Fest event in March, though it didn't offer any other information on them.

The brewer joked that they "might just make another appearance" when asked how they were able to obtain the unique cans.

In August 2021, the company paid roughly $100,000 to acquire the Beer.eth domain. Since then, it has remained active in the industry, collaborating with NFT horse racing game Zed Run earlier this year to develop Budweiser-branded race tracks and horses.

NFT minted on last Ethereum PoW block

Before the Ethereum network moved to proof-of-stake, someone managed to mint an NFT on the final proof-of-work (PoW) block, according to statistics from Etherscan (PoS).

The NFT in question was a VanityBlock token that the user paid 30.2 ETH and 1.3 ETH in gas to mint, and which is currently valued about $46,500.

Since then, the NFT has been listed for sale on OpenSea, where the highest bid is 10 Wrapped Ether (wETH), or roughly $14,700.

As it broadcasts transactional data throughout a complete block, VanityBlocks gives customers the possibility to purchase a fully tokenized Ethereum block. Only 18 of these NFTs are available for purchase, with costs beginning around 1.1 ETH.

Despite the present weak market, given the rarity of this particular NFT, which marks the end of Ethereum's PoW history, the lack of bidding activity appears odd.

Funko utilizing to NFTs to make revenue pop: CEO

According to Funko CEO Andrew Perlmutter, the company has embraced NFTs in order to satisfy the demands of younger collectors who place a high value on digital assets and items.

The company has so far published a number of Funko Pop NFT drops with well-known figures from popular titles like Avatar, Hey Arnold, and the Teenage Mutant Ninja Turtles.

Although Perlmutter acknowledged to Investors.com on Thursday that he is not well-versed in NFTs and blockchain, he is aware of the extent to which the younger generation is immersed in the digital world.

He stated, "My kids always want the newest Fortnite avatar skin or weapons, so their perspective on digital possessions is different from our dinosaurs'."

"We were aware that the NFT industry made perfect sense for our brand... People are gathering digital assets, Perlmutter said.

Other Nifty News

Popular NFT project Doodles said on Tuesday that it has raised $54 million in a funding round led by Seven Seven Six, with participation from 10T Holdings, Acrew Capital, and FTX Ventures, at a valuation of $704 million.

Following the introduction of MetaShield, a new enforcement tool designed to discourage NFT customers who evade creator royalties, Magic Eden, a Solana-based NFT marketplace, has seen some community opposition.

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