Romania Launches National NFT Marketplace: Nifty Newsletter, 19-25 April
In this week’s newsletter, you can read about how Romania plans to drive Web3 adoption in the country using NFTs. Check out how Sotheby’s will auction off some NFTs from collapsed crypto hedge fund Three Arrows Capital. In other news, find out how gaming and tokenization are driving the maturation of the NFT space and how another batch of Trump NFTs sold out the day after launch. And don’t forget this week’s Nifty News with Yuga Labs’ victory in court.
Romania connects to Web3 with national NFT marketplace
Romania’s National Institute for Research and Development in Informatics, known as ICI Bucharest, has announced that it will launch an institutional NFT platform to drive Web3 adoption in the country.
According to Paul Niculescu-Mizil Gheorghe, ICI Bucharest’s blockchain lab coordinator, NFTs have become valuable assets for institutions due to their innate ability to create unique and scarce assets. Gheorghe said this could be applied to a variety of use cases.
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Sotheby’s will auction off part of 3AC’s digital art collection
Art broker Sotheby’s announced that it will auction some NFT artwork assembled as part of collapsed hedge fund Three Arrows Capital’s (3AC) digital portfolio. The company will begin the auction with seven NFTs Sotheby’s CEO Michael Bouhanna described as “some of the highest quality and rarest works.”
The auction includes a zombie CryptoPunk, an autoglyph and “The Golden Goose”, which was purchased by 3AC’s founders for around $5.8 million in Ether (ETH).
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NFT.NYC: Gaming and Tokenization Drive NFT Industry Maturation
At the recent 2023 NFT.NYC conference, Cointelegraph’s ground team spoke with companies and developers to find out how NFT-powered gaming projects are coming online and driving the industry’s maturation.
Invariable co-founder Alex Connolly said there is increased competition in Web3 gaming as new projects aim to solve challenges such as interoperability.
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New Trump NFTs sell out on day one
A second collection of NFTs that licensed the name and image of Donald Trump sold out on April 19. The collection raised over $4.6 million and contained 47,000 Trump NFTs worth $99 each.
Despite Trump’s image being at the center of the NFTs, the collection is neither owned nor managed by Trump or The Trump Organization. Instead, it uses the former US president’s name and image under a paid license.
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Nifty News: Yuga Labs wins court battle, Mandala Metaverse falls on Polkadot and more
Cross-chain augmented reality (AR) game Mandala Metaverse will release an NFT hosted by Polkadot parachain Astar Network. Called “Cryptonauts”, the release features avatars that will become playable characters in the game. Meanwhile, Yuga Labs won a key victory in its legal battle with the creator of the Bored Ape Yacht Club replica collection RR/BAYC.
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Thank you for reading this summary of the week’s most notable developments in the NFT space. Check back next Wednesday for more reports and insights into this area of active development.
