Rumors of new Yuga Labs collection put to rest, Budweiser celebrates merger and more…

Rumors of new Yuga Labs collection put to rest, Budweiser celebrates merger and more…

Yuga Labs co-founder Greg Solana (Garga.eth) has shot down rumors that the creators of Bored Ape Yacht Club (BAYC) have plans to launch a new NFT collection called “Mecha Apes” by the end of the year.

Rumors began swirling after Protos claimed to have obtained leaked documents detailing that Yuga Labs was looking to raise around $50 million from the sale of 100,000 tokenized plots.

After the news was reported via various online outlets, Garga.eth noted that it was all “fake news” via Twitter on September 16.

Although the rumors have been quashed, given that Yuga Labs has hit the ball out of the park with every project it has launched so far, and that it has outlined a broad vision for its Metaverse, another NFT project from them in the future does not. seems like such a stretch.

Ultimately, Yuga Labs hopes to create an interoperable Metaverse ecosystem in Otherside that includes a virtual place for people to socialize, a variety of game modes with Play-to-Earn aspects, and a hub for users to receive key blockchain education , NFTs and the Metaverse.

Yuga Labs is valued at around $4 billion, and to date the BAYC NFTs have generated more than $2.4 billion in sales, while Otherdeed NFTs for the Otherside Metaverse have raised more than $1 billion.

Budweiser shares a toast to the merger

Beloved beer maker Budweiser has teased a limited number of beer cans with the company’s Beer.eth Ethereum Name Service domain name following the merger.

Sharing a photo of a Budweiser can with “Beer.eth, the king of NFTs” in the center on September 16, the company tweeted that “This Bud’s for the Merge.”

While the firm didn’t provide any further details about the cans, it first created a select number for the NFT Beer Fest event in March.

Asked by people how they could get their hands on the special cans, the beer maker teased that they “might just pop up again.”

The firm originally bought the Beer.eth domain for nearly $100,000 in August 2021 and has remained involved in the sector ever since, teaming up with NFT horse racing game Zed Run earlier this year to create Budweiser-branded racetracks and horses.

NFT minted on last Ethereum PoW block

According to data from Etherscan, someone managed to mint an NFT on the last Ethereum Proof-of-Work (PoW) block before the network switched to PoS.

The NFT in question was a VanityBlock token where the user paid 30.2 Ether (ETH) and a 1.3 ETH gas fee to coin, worth approximately $46,500 at the time of writing.

The NFT has since been put up for sale on OpenSea, and currently has a high bid of 10 Wrapped ETH (WETH) worth around $14,700.

VanityBlocks offers buyers a chance to own a full tokenized block on Ethereum, as it publishes transaction data on an entire block. There are only 18 of these NFTs listed on OpenSea, with prices starting at around 1.1 ETH.

Despite the current bear market, the lack of bid action seems surprising given the rarity of this specific NFT that caps the end of Ethereum’s PoW history.

Related: The Ethereum community is wasting no time minting PoS NFTs right after the merge

Funko taps into NFTs to get revenue pop: CEO

Andrew Perlmutter, CEO of collectibles behemoth Funko has outlined that the firm has backed NFTs to meet demand from younger collectors who value digital goods and assets.

So far, the company has released several Funko Pop NFT drops featuring beloved characters from franchises like Avatar, Hey Arnold, and Teenage Mutant Ninja Turtles.

While Perlmutter admitted to Investors.com on Sept. 15 that he is not well versed in NFTs and blockchain, he understands that the youth are completely engrossed in the digital sphere.

“My kids always want the latest Fortnite avatar skull or gun,” he said, adding that “so the way they look at digital assets is different than how we dinosaurs look at them.”

“We knew it only made sense for our brand to be in the NFT business… There are people who collect digital assets,” Perlmutter concluded.

Other good news:

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

Solana-based NFT marketplace Magic Eden has fended off some community backlash following the launch of MetaShield, its new enforcement tool aimed at deterring NFT buyers who circumvent royalties to creators.