π€ Ouch. Jeffrey Huang, a.k.a. Machi Big Brother in the crypto world, has reportedly suffered losses of up to 2,400 ETH ($4.2 million) while attempting to farm tokens on the Blur NFT exchange. Huang is said to have engaged in ‘farming wars’ on Blur, buying and selling large amounts of blue-chip NFTs to collect Blur tokens. He has claimed 1.85 million Blur tokens so far, selling them all at an average price of $0.71. Huang also allegedly made the biggest NFT dump in history, selling over 1,000 NFTs for 11,680 ETH ($20.6 million).
π Luxury fashion brand Gucci has announced a partnership with Yuga Labs, the creators of the Bored Ape Yacht Club ($BAYC). This collaboration is expected to yield unique digital and physical products, further strengthening the connection between traditional fashion, art, markets, and NFTs.
π³ Want to buy NFTs but don’t have crypto? With the introduction of platforms like NFTfi and Rarible, users can now purchase NFTs using credit cards or traditional payment methods, making the market more accessible to a broader audience.
π€ͺ Wassies, a popular NFT collection, has opened a crypto Twitter lore-themed hotel in Singapore. The hotel features themed rooms and artwork centered around the digital creatures, drawing fans from around the globe.
𦧠ApeCoin ($APE), the governance token of the Bored Ape Yacht Club, has rejected a proposal for a new NFT collection. The community-driven decision highlights the importance of decentralized governance in the NFT ecosystem and showcases the power of token holders in shaping the direction of their projects.
π³οΈ The leading NFT marketplace, OpenSea, has partnered with Lazy Lions, a collection of colorful lion characters in the form of NFTs. The partnership aims to create exclusive NFTs for the platform, further solidifying OpenSea’s position as a top destination for NFT trading.