En Eff Tee News – March 10, 2023

๐Ÿฆธ A CryptoPunks NFT was purchased for $111,600 by a buyer who exchanged testnet ether tokens for ETH to make the purchase. The buyer used 527,281 goerli ether to fund the purchase of CryptoPunk #9682. From The Block.

๐ŸŒ• MoonPay CEO Ivan Soto-Wright discussed the continued popularity of NFTs, MoonPay’s work with Puma and Nike, and the potential for NFTs and crypto to become more mainstream when they can be integrated into daily life, with brands driving that integration, during an interview with Decrypt’s Liam Kelly at NFT Paris. From Decrypt.

โ›ฝ $ETH NFT gas usage slides towards a two-year low, demand for inscription grows. From CryptoSlate.

๐Ÿ‘จโ€โš•๏ธ According to an industry expert, traders of non-fungible tokens (NFTs) on Solana may be shifting to newer projects, as the Forkast SOL NFT Composite saw a 6.13% dip in its performance over the past seven days, despite rising sales. From Forkast.

๐Ÿฆ› DegenZoo used AI to create Logan Paulโ€™s NFT game without him. Not only that, but CEO of DAO Maker, Chris Zaknum, built an alternative game to Paul’s CryptoZoo in 30 days. The team used AI in multiple ways to build the project. From The Block.

๐Ÿ‘Ž Despite the collapse of NFT sales, Hollywood’s talent agencies have continued to embrace the NFT craze, with UTA and CAA signing NFT creators such as Proof and Daniel Allan to their rosters. Studios have also gotten involved, with Warner Bros. rolling out NFTs based on “The Lord of the Rings.” This enthusiasm for NFTs is part of Hollywood’s wider interest in Web3 technologies, including the metaverse and virtual entertainers. From Grid.

๐Ÿ˜† โ€˜Vitalikโ€™ NFT Collection Takes Top Spot on OpenSea. The Gitcoin Presents NFT collection, which recently concluded its open edition mint, has become popular and valuable due to its association with Ethereum co-founder Vitalik Buterin, although it is unclear if he was directly involved in the project. The collection has topped leading marketplaces and has garnered significant interest from buyers. From CoinDesk.

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$400k For This NFT…

The NFT market is making a comeback, and this story from Decrypt helps explain why.

The EthBoy NFT just pulled a Houdini. This NFT, a digital homage to Ethereum’s head honcho Vitalik Buterin, decked out in jester garb, just fetched a cool 200 ETH (nearly $400,000) on the secondary market.ย 

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OpenSea Insider’s NFT Shenanigans Land Him Behind Bars

The crypto world’s got its own Wall Street-esque drama unfolding. Nathanial Chastain, once a product manager at the NFT giant OpenSea, just got slapped with a three-month prison sentence. ๐ŸŽฐ

Why? He thought he could play the system by leveraging insider info about which NFTs were about to get the coveted spotlight on OpenSea’s homepage. And as any crypto and/or NFT enthusiast knows, that’s like knowing tomorrow’s lottery numbers.ย 

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