2023-01-21 12:00:00

Nifty News: Yuga Labs Blacklists Nft Exchanges, Trump Nfts Spike By 800%, And More

On December 15, a set of 45,000 trading cards with a self-help theme went on sale for $99 each.

A sweepstake featuring “1000s of prizes,” such as one-on-one dinners, zoom calls, and rounds of golf with the former President, was automatically entered for collection buyers.

 

They immediately sold out and had daily sales volumes of over $3.5 million, but by the end of 2022, they had fallen to a baseline of about $26,000.

 

Yuga Labs blacklist NFT markets

Yuga Labs, the company that created Bored Ape Yacht Club (BAYC), has forbidden the secondary trade of its “Sewer Pass” NFTs on sites that do not correctly support author royalties.

 

On January 12, the NFT project was initially introduced, and on January 17, it was made accessible for minting.

 

Only members of the Mutant Ape Yacht Club or the Bored Ape Yacht Club are permitted to mint the Sewer Pass, which serves as a key to the company’s newest skill-based NFT game, Dookey Dash.

 

A royalty is a sum deducted from a sale’s price and paid to the content producer. Yuga Labs has been outspoken in its resistance to industry-wide movements toward royalty-free marketplaces.

 

According to information from NFT Price Floor, The Sewer Pass has had a significant level of trades on secondary markets, with a floor price of 1.81 ETH ($2,809) and sales volumes of 15,627 ETH ($24,267,411).

 

Secondary sales for the collection have already generated nearly $1.2 million in earnings, based on Yuga Labs’ 5% creator royalty charge.

 

To create the metaverse, Neopets raises $4 million.

 

Neopets, a popular virtual pet website that gained popularity throughout the 2000s, has collected $4 million from investors in the gaming and blockchain industries, intending to build its metaverse.

 

Venture capital firm Polygon Ventures, investment firms Hasket Capital and IDG Capital, game developer NetDragon Websoft, and the Ava Labs-managed Blizzard fund are a few businesses that have contributed to the fundraising.

 

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