Rumors of a new Yuga Labs collection quashed, Budweiser celebrates merger and more…

Yuga Labs co-founder Greg Solana (Garga.eth) has denied rumors that creators at Bored Ape Yacht Club (BAYC) are planning to release a new...



Yuga Labs co-founder Greg Solana (Garga.eth) has denied rumors that creators at Bored Ape Yacht Club (BAYC) are planning to release a new NFT collection dubbed “Mecha Apes” by the end of the year.

Rumors began to swirl after Protos claimed to have obtained leaked documents detailing that Yuga Labs planned to raise approximately $50 million through the sale of 100,000 tokenized plots of land.

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

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

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

Yuga Labs is valued at approximately a whopping $4 billionand to date, BAYC NFTs have generated over $2.4 billion in sales, while Otherdeed NFTs for Otherside Metaverse have grossed over $1 billion.

Budweiser toasts merger

Beloved beer maker Budweiser has teased a limited run of beer cans bearing the company’s Beer.eth Ethereum Name Service domain after the merger.

Sharing a photo of a Budweiser can with “Beer.eth, king of NFTs” in the center on Sept. 16, the firm tweeted that “This Bud is for fusion.”

While the company didn’t provide further details on the cans, it originally created a selection number for its NFT Beer Fest event in March.

Asked by people how they could get their hands on the special cans, the brewer said they “might just make another appearance”.

The firm first bought the Beer.eth domain for nearly $100,000 in August 2021, and has continued to stay involved in the industry ever since, partnering with NFT Zed Run Horse Racing Game earlier this year to create Budweiser-branded racetracks and horses.

NFT hit on latest Ethereum PoW block

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

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

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

VanityBlocks offers buyers the opportunity to own a complete tokenized block on Ethereum, as it publishes transactional 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 auction action seems surprising given the scarcity of this specific NFT that crowns the end of Ethereum’s PoW history.

Related: The Ethereum community wastes no time creating PoS NFTs right after the merger

Funko uses NFTs to boost revenue: CEO

Andrew Perlmutter, CEO of collectible figurine giant Funko, pointed out that the company has backed NFTs to meet demand from young 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 the Teenage Mutant Ninja Turtles.

While Perlmutter admitted to Investors.com on September 15 that he is unfamiliar with NFTs and blockchain, he understands that the youth is completely engulfed in the digital sphere.

“My kids always want the latest Fortnite avatar skin or weapon,” he said, adding that “the way they see digital assets is different from how us dinosaurs see them.”

“We knew it made sense for our brand to be in the NFT space… These are people collecting digital assets,” Perlmutter concluded.

Other interesting news:

On Tuesday, popular NFT Project Doodles announced that he 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 pushed back some community reaction following the launch of MetaShield, its new enforcement tool aimed at deterring NFT buyers who circumvent creator royalties.