A 52-year-old bottle of whiskey made at Japan’s famous, defunct Karuizawa distillery is being auctioned off as a non-fungible token (NFT).
The starting price of the NFT and the bottle of whiskey is a staggering $75,000, or around 62 Ether (ETH). The NFT Direct-to-Customer BlockBar wine and spirits market manages the auction.
For whiskey collectors, the ultra-rare bottle of whiskey from the cask “The Last Masterpiece” made in 1970 is attractive, as there are only 211 bottles left, according to a Tuesday report from Finbold. Now, an NFT collector can bolster their collection with a token that verifies a bottle’s genuine ownership.
The auction started on Tuesday and Continue until July 18. The artwork for the NFT and bottle was made especially for the BlackBar auction by calligrapher Sounn Takeda. There has been a bid made on the item so far.
Old Navy is bored
American clothing brand Old Navy has released a new $19.95 t-shirt featuring Bored Ape Yacht Club (BAYC) #7285. Is this good for BAYC?
Some have questioned the association, while others are thrilled to see their favorite NFT collection being widely recognized in mainstream culture. BAYC owner JBond said on Friday Tweeter that, in general, it helps Bored Apes.
I’ve seen arguments about whether a $19.99 @OldNavy a shirt with a monkey on it hurts or helps bored monkeys
1) It helps – an example of licensing between a major clothing brand and a bored monkey
2) It also helps raise awareness
3) This does not necessarily impair the official value of the BAYC jersey. Why?⬇️
—JBond (@jbondwagon) July 15, 2022
According According to the BAYC Creator Yuga Labs Terms of Service, owners have the right to use their BAYC’s image as they see fit under most circumstances.
Some members of the NFT community claimed that this was an unauthorized use of the image. However, the Old Navy product site states that the image on the shirt has been licensed, the owner of this BAYC is clearly an enthusiast, as they own six other BAYCs, 11 Mutant Apes and 20 Otherdeeds, as well as two Bored Ape Kennel Club NFTs.
Create more in The Sandbox
You can now publish the game assets you have created in the Metaverse game platform and NFT The Sandbox.
An announcement on Wednesday of the project broad outlines how voxel creators can now publish their artwork and use it on their LAND metaverse plots.
The publishing process seems quite simple as a creator simply needs an account on the platform to create an asset using VoxEdit and then export it to The Sandbox marketplace for publishing.
The catch is that the creations won’t be publishable or redeemable as NFTs initially. However, minting and selling will soon be enabled.
Syscoin Blockchain Gets New NFT Market
The Syscoin layer-1 blockchain has completed the integration of the Luxy NFT market.
This is the first official NFT marketplace available on Syscoin, according to an announcement on Wednesday. Luxy’s features include a marketplace for buying and selling NFTs, a collection launch pad, support for audio and video tokens, and discounts for LUXY token holders.
Other interesting news
According to a new survey released by software developer Globant, around a third of gamers are open to using crypto in the Metaverse. The survey was conducted by YouGov with 1,000 respondents, 34% of whom indicated that they had some interest in performing crypto transactions in a play-to-win (P2E) setting.
The world’s largest NFT market, OpenSea, has laid off 20% of its staff due to financial complications caused by the crypto winter, as noted in an announcement Thursday. The company believes the layoffs will help it weather the market downturn.