Nifty News: Collector spends $488K minting Tubby Cats, NFT vending machine

An anonymous nonfungible token (NFT) collector spent 204 Ether (ETH) worthy astir $488,800 (at the clip of writing, considerably much erstwhile it occurred) connected state fees to mint 1,000 Tubby Cats NFTs.

In total, the Tubby Cats enthusiast intelligibly had immoderate superior to pain arsenic they spent much than $720,000 connected minting the NFTs including state fees, according to the Etherscan transaction history.

Following the mint of 1000 NFTs, and with Tubby Cats invading Nifty Twitter timelines, it appears that the assemblage has turned the occurrence into a meme, arsenic assorted figures person claimed to beryllium Tubby Cat whales successful jest.

found it, besides not hating! congrats to each who minted. https://t.co/zjL81c0W7I

— Dallasjhawk.eth (@dallasjhawk) February 23, 2022

The task consists of 20,000 NFTs depicting unsocial computer-generated feline avatars. According to information from NFT marketplace OpenSea, Tubby Cats NFTs person generated 11,600 Ether ($27.7 million) worthy of trading measurement successful conscionable 3 days since listing connected the platform.

We whitethorn beryllium going to warfare but astatine slightest I got my tubby @tubbycatsnft pic.twitter.com/KTsPYe3b3E

— cam () (@camallen_) February 24, 2022

Blockchain-based phantasy hoops crippled receives large backing

Web3 gaming startup Fast Break Labs has closed a $6 cardinal effect backing circular to motorboat an NFT-based phantasy hoops crippled dubbed the “Virtual Basketball Association” (VBA)

According to a Feb. 23 announcement, the effect circular was co-led by Patron and Pantera Capital and included backing from a agelong database of apical names specified arsenic Solana Ventures, Blue Pool Capital (the household bureau of Brooklyn Nets proprietor Joe Tsai), Riot Games co-founder Marc Merill and Sacramento Kings Co-Owner Aneel Ranadive, to sanction a few.

The crippled is slated to motorboat via an aboriginal alpha for 2,000 users, who volition person a accidental to cod fictional subordinate NFTs and physique teams for play 0. Users volition beryllium capable to gain rewards from the crippled via subordinate vs subordinate simulated squad battles.

The VBA: Fast Break Labs

"While we're chiefly focused connected creating a caller and amusive experience, it was besides truly important to america to springiness powerfulness backmost to gamers by allowing them to signifier the absorption of the crippled and accrue the economical benefits," said Charles Du, the CEO and co-founder of Fast Break Labs.

Solana NFT vending instrumentality runs 24/7 successful New York

Solana-based NFT marketplace Neon unveiled a 24/7 NFT vending instrumentality successful New York’s fiscal territory connected Feb. 23.

The vending instrumentality was soft-launched backmost successful December but is present officially rolled retired and accepts recognition and debit paper payments. After payment, it dispenses a container containing a unsocial codification that tin beryllium utilized to redeem an NFT listed connected the platform.

Solana NFT vending machine: Neon

The steadfast stated that the vending instrumentality was designed to supply the “simplest, astir accessible mode to buy, merchantability and commercialized NFTs successful the existent world.”

Speaking arsenic portion of the announcement, CMO and co-founder of Neon Jordan Birnholtz emphasized the value of providing a user-friendly buying acquisition arsenic a mode to region a obstruction to crypto:

“Giving radical the prime to usage vending machines and an casual online level that decouples cryptocurrency from NFT information means we tin prosecute the widest imaginable audience.”

“NFT buying and selling doesn’t request to beryllium a enigma and you shouldn’t beryllium required to clasp Ethereum, constitute a astute contract, wage state costs oregon span blockchains to participate,” helium added.

Another influencer NFT task crashes and burns

The level terms of NFTs from the task founded by fashionable influencer and pornstar Lana Rhoades has crashed an eye-watering 96.1%.

Rhoades’ CryptoSis NFT postulation consists of 6,969 tokens that diagnostic cartoon benignant depictions of the influencer. The outgo to mint positive state fees totaled 0.18 Ether worthy astir $421, however, the level terms has since crashed to 0.007 Ether ($16) connected OpenSea.

The assemblage appears to beryllium unhappy with Rhoades and squad down the project, arsenic Twitter idiosyncratic “Zachxbt” highlighted connected Twitter earlier this period that:

“Another dormant influencer project. No enactment from the squad successful weeks, roadmap untouched, bulk of the funds raised transferred to Coinbase/Gemini.”

@lanarhoades wherefore you delete each your TikTok vids promoting NFT

— TikTok Investors (@TikTokInvestors) February 11, 2022

The task is said to person raised astir $1.8 cardinal successful profit, and immoderate person questioned wherefore Rhoades deleted their promotional Tik Tok videos astir the task since it has gone cold.

Other Nifty News

New information shows that transfers of NFTs connected Ethereum person surpassed transfers of stablecoins and altcoins portion the proviso of wrapped Bitcoin (WBTC) has remained comparatively stagnant since precocious past year.

Puma joined the increasing database of large brands to purchase a decentralized URL and uncover their NFT plans by changing their Twitter grip to Puma.eth connected Feb. 22. The German sportswear marque registered the domain sanction with the Ethereum Name Service.