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Nifty News: Decentraland Times Square NYE party, Mutant Apes go bananas and more…

December 30, 2021No Comments


New Years Eve party in Times Square in Decentraland

The decentralized project Metaverse Decentraland will unveil the virtual reality version of the iconic Times Square through a New Years Eve party that coincides with the time of the real-life celebration in New York City.

The event is called “MetaFest 2022 NYE Party” and will run until 8:00 am UTC on January 1 at the Estate 4 district of Decentraland. It will feature live music, rooftop VIP lounges, a new installment of collectibles and wearables with tokens, live streams of real-world NYE events around the world, galleries and games from CryptoArt.

The virtual reality equivalent of the famous place in the heart of New York is called "One Times Square", and the pun "one time" suggests that the structure may dissolve after the party is over.

"Let's celebrate as if it were 2022: for Meta or for worse," Decentraland said in the invitation to the event. Only about 150 people have registered their attendance so far, but you know what parties are like: first you worry that nobody comes and then everyone shows up at once ...

Increased interest in mutant apes

Yuga 'Laboratories Boring monkey yacht club The spin-off project Mutant Ape Yacht Club has risen to the top of the secondary sales volume charts.

According to data From CryptoSlam, interest in Mutant Ape yacht club's NFTs has risen 355.29% in the past 30 days, generating $ 76.8 million worth of sales in secondary markets.

The NFTs represent mutant versions of the widely popular Bored Ape avatars, and is currently the highest ranked project in terms of 24/7 volume.

The recent trend appears to be part of an increased demand for Yuga Lab's NFT, as the seven-day secondary volume for its other projects, such as Bored Ape Kennel Club and Bored Ape Chemistry Club, also increased by 915% and 345% respectively. . .

While Yuga Lab's NFT projects rank in the top 10 for seven-day sales volume, the biggest increase in demand appears to be for Solana-based Crypto Astronauts NFT, with secondary sales volume increasing by a whopping 172.235% within that time period.

Taking NFT to the bank?

Swedish crypto-friendly bank Mecro Bank has outlined plans to enter the NFT and Metaverse sector.

The bank offers services across Europe and is currently working on a pilot project to launch a digital asset custody service in the future.

According to a December 29 announcement, Mecro Bank objectives to launch its own NFT collectibles as a new way to "make money", and is currently working on strategies to implement a virtual banking experience in Metaverse-based virtual worlds.

The firm mentioned the importance of integrating its services with emerging technologies and trends to meet the growing demand from users.

"[The] It has been noted that Metaverse will grow in importance as a digital financial platform for banking and financial transactions, as well as personal and business interactions. To make this new environment as immersive and realistic as possible, it will be critical to manage finances and transactions effectively, ”the announcement reads.

Related: Major Toy Makers Launch NFT on Carbon Neutral Blockchain

The fall of Cipher Punks NFT causes a stir

An unlicensed NFT project dubbed "Cipher Punks" depicting key figures from the Cypherpunk movement was shut down after rejection from individuals featured in tokenized artwork.

The team behind the project, ItsBlockchain revealed in a December 29 blog post that it was closing the 500 NFT collection just three days after launch, citing comments from Cypherpunks who "didn't like the idea of ​​their images being used as NFTs and digital drawings."

Figures such as Electronic Frontier Foundation (EFF) speech activist and director Jillian York noted on Twitter on December 27 that they "do not approve of this at all" and asked the team to remove the NFT and the digital illustrations representing them.

The ItsBlockchain team said it will refund every "penny" anyone has spent on the project, including gas fees, and has completely removed the project from the internet, with its social media pages and OpenSea accounts no longer accessible.

“We did not know the similarity laws in the NFTs since the market is not regulated. It is our mistake. We have to admit it, ”the blog post read.

Other Nifty News

Kraken co-founder and CEO Jesse Powell revealed last week that the crypto exchange will launch a non-fungible token (NFT) marketplace that will allow users to borrow funds against your NFTs.

Italian luxury sports car maker Ferrari is making moves in the blockchain industry after it wrote a partnership with Swiss blockchain startup Velas Network. The deal will potentially see the launch of licensed Ferrari NFT, as the start-up has a specific focus on the sector.