Boring Monkey Yacht Club (BAYC) major dealer lost 100 Ether (ETH), worth $150,000, as a result of bidding on its Ethereum Name Service (ENS) registered domain.
The NFT whale, which owns 57 BAYC NFTs and goes by franklinisbored on Twitter, minted the ENS domain “stop-doing-fake-bids-its-honly-lame-my-guy.eth” using an alternate wallet on Wednesday.
The move was part of a meme being discussed with other NFT collectors in the community, as it attempted to trigger an EnsBidsBot account to tweet about a massive 100 ETH bid on the ENS domain, primarily to mock the purpose of these Twitter accounts.
However, after his ENS domain had already received a bid of 1.9 ETH, or $2,900, franklinisbored immediately accepted the bid but forgot to hold back on his earlier bid of 100 ETH.
Speaking about the move on Twitter, he highlighted the absurdity of the situation by noting that “this is a mistake I can’t imagine anyone else making the effort to make:”
“I was celebrating the joke of selling the domain, and sharing the spoils, but in the dream of greed, I forgot to cancel my special offer of 100 ETH to buy it back. That would be the joke of the century. I deserve all the jokes and criticism.”
ENS is a blockchain naming protocol that enables users to mint names as ERC-721 tokens that can be linked to crypto wallets and has become a useful tool for removing the need to share long, automated wallet address identifiers.
Nickelodeon’s Successful NFT Drop
An indulgence in the NFT space from beloved children’s TV developer Nickelodeon has brought on a huge hit, with volumes soaring after the project sold all of its 10,000 NFT avatars this week.
The show went live on Tuesday and consists of 10,000 NFTs depicting 12 different characters from Rugrats and Hey Arnold! Random and unique features. Collectibles sold for $50 a pop, but the base price on OpenSea has since risen to 0.29 ETH, or $440 at the time of writing.
Over the past 24 hours, Nickelodeon’s NFTs generated the second largest trading volume of any project listed on OpenSea at 1,066.05 ETH, or $1.6 million.
GameStop NFT Overtakes Coinbase NFT
The launch of GameStop’s NFT to the market has been a relative success, with the platform generating more than double the total sales volume of Coinbase NFT since its launch on July 11.
According to data from the GameStop NFT website and compiled by Cointelegraph, the platform has generated over $8.6 million in NFT sales to date.
In contrast, Coinbase’s highly anticipated NFT market only generated $3.58 million despite its launch in May. Notably, GameStop also charges a fee of 2.25% on all NFT sales, while Coinbase has yet to charge the platform.
GameStop NFT still has a long way to go to capture the industry leader, OpenSea, with the platform bringing in $22.9 million in just the last 24 hours.
At the time of writing, two projects on GameStop NFT have generated over $1 million in sales in MetaBoy and Cyber Crew [C4], with $2 million and $1.59 million each.
Animation from The Simpsons launches a series based on NFT
Eric Tran, the former animator of the popular animated series The Simpsons, has partnered with blockchain-based television and film production company Mogul Productions to launch an NFT-based animated series inspired by Hollywood history.
The show will be called The Mogies and will be accompanied by a host of 1923 NFTs, in reference to the 100th anniversary of the founding of the Hollywood sign next year. Each Mogie NFT will portray a parody of a Hollywood celebrity, and token holders will be granted intellectual property rights to the content depicted in their NFT.
Tran and his team at studio CHAVVO are working on the series, and the story is set to follow the stories of the satirical icons as they make their way through Hollywood. The project will also see the launch of the exclusive Mogieland Metaverse for NFT users, who will receive benefits such as virtual red carpet events and behind-the-scenes content.
The Mogies: Mogul Productions / Chavvo Studios
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Other Nifty news:
On Wednesday, Minecraft developer Mojang Studios said it would rule out incorporating NFTs, along with blockchain technology as a whole, into its popular game of the same name.
The United States Office of Government Ethics (OGE) issued a legal advisory recommending various cases when senior government officials are required to disclose their investments in NFTs.