Nifty News: Ulbricht’s NFT bids top 261 ETH, Irishman producer funds movies with NFTs

Silk Roads result in nonfungile tokens

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Bidding for a 1/1 nonfungible token (NFT) public sale created by imprisoned Silk Highway founder Ross Ulbricht has surpassed 261 Ether (ETH), $1.17 million on the time of writing.

The NFT depicts a hand-drawn illustration from Ulbricht of a psychedelic eye and is a part of a group of writings and 9 different artworks he created, some whereas in jail, that’s included as a part of the NFT sale. The public sale kicked off on Thursday, which is Day 1 of the Artwork Basil Miami artwork honest and is being hosted by SuperRare.

The public sale is about to conclude on Wednesday and proceeds from the sale will go in the direction of a belief supporting Ulbricht’s struggle to be free of his double-life jail sentence, and also will assist launch the donor-advised charitable fund Art4Giving, which helps prisoners and their households.

In a weblog submit asserting the NFT drop, Ulbricht stated that whereas his future seems to be bleak throughout his ninth yr in jail with out parole, he can do one thing constructive to heal all of the “harm” he sees round him.

$225K NFT on sale for $20?

Talking of the Artwork Basil Miami artwork honest, Dmitri Cherniak, the founding father of the Ethereum-based and algorithmically generated NFT assortment “Ringers,” made an look out the entrance, providing to promote certainly one of his NFTs, price $225,000, for a mere $20.

It’s unclear if the transfer was in jest or a real provide. Nevertheless, Cherniak shared an image of himself on the occasion with a word on his Ipad that learn “Ringers #0 on the market for $20.” Regardless of the ground value for Ringers NFTs at present sitting at 50 ETH or $225,000 on OpenSea, the artist famous that no one took him up on the provide.

One consumer on Twitter famous that the stunt was just like that of world-famous road artist Banksy, who has reportedly taken to the streets on a number of events to sell his artwork.

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“This is rather like Banksy promoting on the streets and nobody taking him up on it till he began slashing costs. Dmitri might need gotten a nibble from the normies at $5–10, they def ngmi,” consumer 5511 wrote.

Polygon to launch NFT video games

Polygon (MATIC), the Ethereum-based layer-two scaling resolution, and its gaming unit Polygon Studios have entered right into a strategic partnership with GameOn Leisure Applied sciences Inc. to construct NFT video games.

GameOn is a U.S.-based sports activities prediction and gaming agency that caters to sports activities and media leisure.

In accordance with a Thur announcement, the deal will see GameOn launch a collection of NFT video games on the Polygon community, whereas Polygon Studios will present non-dilutive funding for 50% of GameOn’s going product improvement prices.

The funding from Polygon Studios is a part of a $100 million fund announced earlier this yr that’s centered on backing Net 3.0 tasks, with investments to this point together with DraftKings, DeFine and GameOn.

Associated: Deadmau5 and Portugal The Man launch single as 1M NFTs in bid to go platinum

GameOn acknowledged within the announcement the partnership with Polygon Studios will considerably assist the agency ramp up plans for the NFT sector.

“The Polygon Studios funding permits GameOn to supply the total stack of capabilities from the creation, minting and promoting of NFTs, to the sport layers it already deploys for white label clients equivalent to prediction and fantasy video games,” the announcement learn.

Irishman producer seems to be to fund motion pictures with NFTs

Neils Juul, the chief producer behind Martin Scorsese’s hit movie The Irishman, has created a brand new NFT firm that goals to fund Hollywood movies by way of NFT gross sales.

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In accordance with a Wednesday report from The Hollywood Reporter, Juul’s new agency is dubbed “NFT Studios” and he already has plans to fund a brand new comedy-drama movie from NFT gross sales referred to as “A Wing and a Prayer.”

The film will depict the real-life story of Brian Melton, who grew to become the primary man to circumnavigate the globe in an ultralight plane again in 1998. The movie goals to function A-list actors and is about to be shot in Malta and London by subsequent April.

“We’re in the course of a fantastic transition within the leisure enterprise the place conventional methods of movie funding and possession are being uprooted because of the speedy rise of streamers and different digital platforms,” Juul instructed the publication.

Different Nifty Information

On Thursday, Adidas introduced it was coming into the Metaverse in partnership with the Bored Ape Yacht Membership creators Yuga Labs, gmoney NFT, and PUNKS Comedian.

On the identical day, registered funding adviser and fintech agency Defiance launched the primary NFT-focused exchange-traded fund (ETF) on the New York Inventory Change Arca. The fund is listed beneath the ticker image NFTZ and has a administration price of 0.65% per yr.

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