Price drop on ‘Cryptohouse’ with NFT decor, stamp your personality as an NFT and more

by · February 14, 2023

Declining interest in a crypto-themed home in North Hollywood

A crypto-friendly house in North Hollywood, Los Angeles is apparently struggling to sell, as the property has seen its price reduced three times in just over four months.

The so-called “Cryptohouse,” as the glowing neon sign in the kitchen says, was listed for sale for $1.2 million in October 2022. As of January 5, the asking price is now $949,000.

The impressive custom neon sign will let you never forget where you are. Picture: Zillow

The four-bed, three-bath home sees the listing agents boast in the property description of its spacious and flowing floor plan ideal for “savvy investors.”

For reasons unknown, the description doesn’t mention the tasteful wallpaper choices, which include several Non-Fungible Tokens (NFTs) from the classic Bored Ape Yacht Club and CryptoPunk collections that feature prominently in the living and dining rooms.

The future owner can look forward to explaining the unique decor choices to diners. Picture: Zillow

The house also features themed backgrounds in each of its four rooms, one each for Bitcoin (BTC), Ether (ETH) and Dogecoin (DOGE), with one room overflowing with a selection of crypto-positive tweets.

Guests will surely say “a lot of wow” if they sleep in the DOGE room. Picture: Zillow

Those who want to try before they buy can even rent the house through Airbnb. Although it is not urgent because it currently has no future orders.

Make your personality an NFT and put your heart on the blockchain

One project offers NFTs as a way to visually depict a person’s personality and own the result on the blockchain.

Rubens DB, a Tel Aviv-based artist, launched the “Psynesthesia” NFT collection with 1,024 possible NFTs generated by the results of a personality test.

The polygon-based NFTs are generated according to the properties identified by the test and an algorithm coded by DB. The process is explained in a release shared with Cointelegraph:

“For example, the higher the pleasantness, the warmer the colors; the more the extroversion is high, the more the connections are developed.”

The resulting art can be collected as an NFT. The original owner also gets a photoshoot at Rubens DB’s studio in Tel Aviv, where their artwork is projected onto them in a portrait.

An example of NFTs generated from the personality tests. Image: Psynaesthesia

10% of sales are donated to the Multidisciplinary Association for Psychedelic Studies, a US-based non-profit organization that aims to increase the understanding of psychedelic substances.

British NFT investment firm gets phished

NFT Investments, a UK-based investment firm that invests in NFT-related companies, said it was the target of a phishing attack that resulted in the loss of $250,000 in assets.

The firm announced on the London Stock Exchange’s January 12 newsletter that it is “addressing a cyber security incident” resulting from the January 9 attack.

Apparently, the hacked amount represents “less than 1%” of the company’s current net asset value.

It did not reveal what assets were stolen or how attackers compromised the security around the storage of the investments.

Cointelegraph contacted NFT Investments for more information on the incident, a spokesperson said the company had no further comment.

What bear market? The Shiba Inu NFT collaboration sells out in seconds

An NFT collaboration between Shiba Inu’s (SHIB) NFT project “SHIBOSHIS” and luxury handbag company Bugatti Group sold out in 110 seconds, according to a tweet from Bugatti Group on January 14.

The Bugatti Group – not to be confused with luxury sports car manufacturer Bugatti Automobiles – created a new series of NFTs with the dog-themed project and offered those who made the mark a piece of custom luggage with a SHIBOSHI’S NFT.

Related: NFTs have a brighter future on Instagram than on Twitter

The collaboration between the two also means that the Bugatti Group is creating a SHIBOSHI-themed collection with a limited edition of rucksacks, bags, luggage and wallets.

Other good news

An NFT influencer’s crypto wallet has been drained after mistakenly downloading malware disguised as a program advertised on a Google ad.

YouTuber Logan Paul revealed a $1.5 million recovery plan for those who invested in his troubled NFT project CryptoZoo following a revelation by fellow YouTuber Coffeezilla.