NFT Painting of Ethereum Co-Founder Sells for $392,308 in Secondary Market
A one-of-a-kind NFT painting titled "EthBoy" depicting Ethereum co-founder Vitalik Buterin as a jester has sold for 200 ETH, equivalent to $392,308, on the secondary market. The artwork was created by crypto artists Trevor Jones and Alotta Money and initially sold for a record-breaking 260 ETH in November 2020. The resale of "EthBoy" injects hope into the struggling NFT ecosystem, which has been facing an escalating crisis due to the optional nature of creator fees on major platforms like OpenSea. The original buyer of "EthBoy" will also receive a portion of the creator fee generated by the artwork's sale.
Bitcoin ecological NFT Bitcoin Frogs and Goosinals floor prices both increased by more than 75% in 24 hours
According to Magic Eden market data, on November 17th, the floor price of Bitcoin Frogs, an NFT in the Bitcoin ecosystem, rose to 0.123 BTC (about $4460), a 75% increase in 24 hours. In addition, the floor price of Goosinals, another NFT in the Bitcoin ecosystem, rose to 0.04 BTC (about $1448), a 100% increase in 24 hours.
LooksRare announces it will waive fees on all NFT sales for the next 30 days
LooksRare announced it will waive all agreement fees for NFT sales on its V2 market and Seaport implementation in the next 30 days. From today until 1:00 PM (UTC) on December 16, 2023, sellers listing any NFT on the LooksRare platform will receive 100% of the listed price.
Disney to Launch NFT Platform with Dapper Labs by 2023
Disney has announced a partnership with NFT company Dapper Labs to launch a digital collectible platform called Disney Pinnacle, which will tokenize characters from the Disney franchise, Pixar and Star Wars. The NFT platform is set to be fully released on the Apple App Store, Google Play Store and for web browsers by the end of 2023. Meanwhile, industry executives predict that the upward trend in NFT sales volume will continue for the next six months, with NFTs now established as a unique class of digital assets separate from crypto. China has declared that stealing digital collectibles like NFTs will be liable for criminal theft sentences, while Roblox CEO David Baszucki has expressed his dream of in-game cross-platform NFTs and digital objects. Yuga Labs has confirmed that UV-A emitting lights set up at the recent ApeFest event in Hong Kong were likely the cause of eye-related complaints.
New York’s Museum of Modern Art acquires two tokenized collections, marking its first time holding on-chain and AI assets
The Museum of Modern Art(MoMA) in New York has recently acquired two tokenized works of art, Refik Anadol's Unsupervised-Machine Hallucinations (2022) and Ian Cheng's "3FACE" from last year. This marks the first time that MoMA has added artificial intelligence (AI) and NFT to its collection.
Bitcoin NFT transaction volume surpassed Ethereum NFT in the past 24 hours, reaching $15.89 million
On November 15th, according to Cryptoslam data, the Bitcoin NFT trading volume reached $15.891 million in the past 24 hours, surpassing the $9.937 million trading volume of Ethereum NFTs.
BendDAO announces future roadmap and will launch V2 version in the second quarter of 2024
On November 15th, NFT lending platform BendDAO announced its future roadmap, with key milestones including: completing V2 product prototype development and comprehensive upgrade in Q4 2023; launching a test version in Q1 2024 to collect user feedback; officially launching the V2 version in Q2 2024, introducing new features and enhancing user experience; updating the V2 token economics and introducing on-chain governance in Q3 2024.
Developer of Mutant Ape Planet series of NFTs pleads guilty to fraud and agrees to pay $1.4 million fine
According to the US Department of Justice (DOJ), Aurelien Michel, the developer of the MAYC imitation game Mutant Ape Planet NFT, pleaded guilty to a fraud case involving about $3 million in the US federal court. Michel is a French citizen residing in the United Arab Emirates. He was arrested in New York earlier this year on suspicion of fraudulently obtaining $2.9 million. The US prosecutor in the Eastern District of New York stated that Michel faces up to 5 years in prison and has agreed to pay a confiscation fine of $1.4 million. （CoinDesk）
Developer of Mutant Ape Planet NFTs Pleads Guilty to $3M Fraud in Rug Pull Scandal
Aurelien Michel, the developer of the Mutant Ape Planet NFT collection, has pleaded guilty to defrauding buyers in a rug pull that resulted in nearly $3 million in profit. Michel, a French citizen residing in the United Arab Emirates, was arrested in New York and faces up to five years in prison. He has also agreed to pay $1.4 million in forfeiture. Michel admitted to the rug pull in the community's Discord channel under the pseudonym "James," stating that the community had become too toxic.
Disney partners with Dapper Labs to launch NFT collectibles platform Disney Pinnacle
According to CoinDesk, Disney has partnered with NBA Top Shot developer Dapper Labs to launch a mobile NFT application called Disney Pinnacle. The app is aimed at invited users (on the waiting list for testing and feedback) and offers "early access, closed release". Dapper's Senior Product Manager, Rachel Rogers, stated in an email that the official release will be available on the Apple App Store first, followed by release on web browsers and the Google Play Store.
