Sunday, August 14

NFT crash causes Matrix glitch, FTX.US adds Ethereum NFT, Baby Sharks token …

The Matrix NFT Revelations

Increasing demand from Warner Bros. The fall of the Matrix NFT avatar at Nifty’s this week caused the website’s shopping page to crash.

Earlier this month, the film studio announced that it would release 100,000 unique Matrix-inspired avatar NFTs for $ 50 each as part of a promotional campaign for the new Matrix Resurrections film hitting theaters in the US. December 22th.

After more than 300,000 Matrix fans queued for the November 30 launch, Nifty’s was forced to start and stop the queue multiple times due to “infrastructure issues” induced by maximum capacity.

After the queue was paused several times, other issues started to arise, such as users moving up or down the queue, the buy button was not working, and transactions were not working at checkout.

As of this writing, there are still 347,133 people waiting in line and the issues have yet to be resolved. Nifty’s said which is still actively working to address the issues, and has offered all Nifty users who queued up on November 30th an “NFT” matrix bug free for the inconvenience.

Warner Bros.’ The Matrix Avatar: Nifty’s Tail

Tokenized Baby Sharks

Pinkfong, the creators of the widely popular and alarmingly hypnotic nursery rhyme Baby Shark, is releasing a collection of NFTs representing the content of the music video.

The collection consists of a 1/1 edition and five limited editions, and the NFTs feature the character Baby Shark along with his five family members in a series of animated and holographic GIFs backed by new original music.

The auction and sales will be hosted at Makersplace on December 3, and the carbon emissions from the sale will be calculated and offset by the Aerial sustainability platform. No starting price specified for 1/1 NFT auction; however, the highest bidder will also receive a one-of-a-kind custom vinyl record of the music performed at the NFT.

Pinkfong Baby Shark NFT: Makersplace

Baby Shark’s music video has more than 9.7 billion views on YouTube, making it the most-watched video on the platform.

MBA Students Raise $ 3K for Scholarship Fund

A group of Master of Business Administration (MBA) students from the Paris branch of the INSEAD graduate business school raised $ 3,000 for the school’s Robin Hood scholarship fund through an NFT sale.

Ferdinand Issels, Michelle Yu and two other students created a Nyan Cat inspired NFT titled “RobinGood # 1” depicting Robin Hood riding a school emblem salamander. The project was part of a week-long student-led fundraising drive for the school fund that supports need-based scholarships.

INSEAD’s Robin Good NFT: OpenSea

The NFT was auctioned in fiat currency to allow participation by any student and was purchased by Goldman Sachs graduate and banker Alberto Marega for 2,600 euros, or approximately $ 3,000, and has since been coined in OpenSea.

“It’s an incredible feeling that we were able to use this technology to contribute to a good cause,” Issels said, adding that “I hope this encourages other people to further explore the positive impacts that blockchain-based technology can offer.”

Related: ‘Crypto critic’: Hollywood insider has a message for celebrities poking fun at token projects

FTX expands support to Ethereum NFT

FTX.US revealed today that its NFT market has expanded support for Ethereum-based NFTs.

Both FTX and the company’s US subsidiary first entered the sector in September, launching NFT markets with limited functionality. The following month, FTX.US expanded its platform by supporting Solana-based NFTs.

The FTX.US website now houses a list of collectibles from popular Ethereum-based projects, such as Bored Ape Yacht Club, Meebits, and Pudgy Penguins.

Ethereum NFT Collections: FTX.US

Other Nifty News

NFT’s upcoming mobile game Guild of Guardians generated $ 5.3 million from the sale of two tranches of its native GEMS token on Tuesday. The sold out token sale was oversubscribed 82 times with around 808,000 registered users and more than 10,700 new GEMS hodlers purchasing a maximum amount of tokens worth $ 500.

Ross Ulbricht, founder of the now-defunct Silk Road dark web marketplace, caused a stir Wednesday by announcing his own NFT launch depicting hand-drawn artwork that will go up for auction at Superare this month. Proceeds from the auction will help fund a trust to support Ulbricht’s efforts to be released from prison.