Old Navy’s BAYC shirts, expensive whiskey NFTs, Sandbox publishing
A bottle of 52-year-old whiskey made at Japan’s famous disused Karuizawa distillery is auctioned off as an NFT.
The starting price for the non-fungible token (NFT) and bottle of whiskey is a staggering $ 75,000, or about 62 Ether (ETH). Direct-to-customer The NFT marketplace for wine and spirits BlockBar handles the auction.
For whiskey collectors, the ultra-rare whiskey bottle from “The Last Masterpiece” cask made in 1970 is attractive as there are now only 211 bottles left, according to a report from Finbold from 12 July. Now an NFT collector can strengthen his collection with a token that confirms authentic ownership of a bottle.
The auction started on July 12 and will continue until July 18. The artwork for NFT and the bottle was made especially for the BlackBar auction by calligraph Sounn Takeda. One bid has been placed for the item so far.
Old Navy is bored
The American clothing brand Old Navy has released a new t-shirt of 19.95 dollars which shows Bored Ape Yacht Club (BAYC) # 7285. Is this a good thing for BAYC?
Some have questioned the association, while others are looking forward to seeing their favorite NFT collection gain wide recognition in mainstream culture. BAYC owner JBond said in a July 15 chirping that it generally helps Bored Apes.
I saw arguments about whether a $ 19.99 @OldNavy shirt with a monkey on it hurts or helps boring monkeys
Mind:
1) It helps – a licensing example between a big clothing brand and a boring monkey
2) It also helps to raise awareness
3) It does not necessarily damage the official BAYC shirt value. Why? ⬇️– JBond (@jbondwagon) July 15, 2022
According to BAYC creator Yuga Labs’ terms of use, owners have the right to use the image of the BAYC as they wish in most circumstances.
Some of the NFT community claimed that there was an unauthorized use of the image, but Old Navy’s product page indicates that the image on the shirt is licensed. The owner of this BAYC is clearly an enthusiast, as they own six other BAYCs, 11 Mutant Apes, 20 Otherdeeds, along with two Bored Ape Kennel Club NFTs.
Creates more in The Sandbox
You can now publish game resources that you have created in the Metaverse and NFT game platform The Sandbox (SAND).
An announcement from the project on July 13 outlines how voxel creators can now publish their artwork and apply it to their plots in metaverse LAND.
The process of publishing appears to be quite simple as a creator only needs one account on the platform, to create a resource using VoxEdit, and then export it to The Sandbox’s publishing marketplace.
The catch is that creations will not be publishable or embossable as NFTs in the first place, but embossing and sales will soon be activated.
Syscoin blockchain gets a new NFT marketplace
The Syscoin Layer-1 blockchain has completed the integration of the Luxy NFT marketplace.
This is the first official NFT marketplace available on Syscoin, according to an announcement on July 13. Luxy features include a marketplace for buying and selling NFTs, a collection launch pad, audio and video token support, and discounts for LUXY token holders.
Other cool news
About a third of gamers will be open to using crypto in Metaverse, according to a new survey published by software developer Globant. The survey was conducted by YouGov with 1000 respondents, of which 34% indicated that they had some interest in making crypto transactions in a play-to-earn (P2E) setting.
The world’s largest NFT marketplace OpenSea has laid off 20% of its employees due to financial complications caused by “crypto winter”, as it stated in an announcement on July 14. The company believes that the redundancies will help it cope with the market downturn.
