There was a lot of news this week about Non Fungible Tokens (NFT) from major investors. However, some think regulation is on the horizon as we head into 2022. Meanwhile, a massive NFT art collector has stolen over $2 million in NFTs and a heated debate ensues. While the famous Turkish television personality was establishing the NFT platform, a university added the ‘Introduction to NFT’ course. As we head into the new year, we’re closing the books for 2021 with a report from all of this week’s NFT news. For details cryptocoin.com you should read…
NFT news this week
Government coup? Charles Hoskinson thinks he’s close
Cardano founder Charles Hoskinson posted an hour-long YouTube video to close 2021, discussing the past, present and future of Cardano and crypto in general. Hoskinson compared imminent restrictions on NFTs and DeFi as comparable to regulators’ ICO restrictions in 2018 and 2019.
Stolen monkeys spark hot debate over centralization
In one of the biggest Bored Ape Yacht Club thefts to date, Twitter user and NFT art collector Todd Kramer reported this week that he had stolen over $2 million of Bored Ape and Mutant Ape NFTs ($15 or $16 million total). It has since partially recovered some of the NFTs, but reports have surfaced that OpenSea has frozen some or all of the stolen assets. These reports sparked heated debate about the degree of centralization that should be in Blockchain. Todd Kramer claimed that a phishing scam gained access to his hot wallet (i.e. a Metamask wallet or something similar).
OpenSea bans monkey heists
Meanwhile, this week when gossip started around the control OpenSea should have over individual transactions and NFTs, the platform banned two Ape Club impersonators called Phunky Ape Yacht Club, both named PAYC and PHAYC. Both projects took and flipped the original BAYC designs, and both were sold out within hours of initial launch. A community member of one of these side projects described it as ‘a satirical look at the current state of NFTs’.
Square Enix: Bull on NFTs?
NFTs in gaming have been a hot topic, with some publishers and creative game companies choosing to pump the brakes, while others are willing to get a little more aggressive. Japanese video game firm Square Enix, best known for creating Final Fantasy and Kingdom Hearts, may be positioning itself to include itself after President Yosuke Matsuda’s recent statements. Yosuke Matsuda explained that he “hopes/expects to see an eventual right-sizing in digital goods deals as the value of each available content is adjusted to its actual estimated value as it becomes more prevalent among the general public.”
Emotions from Ray Dalio and Kevin O’Leary
There was some chatter about NFTs among big personalities this holiday week, and we might add billionaire Ray Dalio to the list. In an interview this week, Dalio compared NFTs to the early internet days, stating that not all projects will last. Ray Dalio said he believes that “NFTs could become the kind of currency that can make people finally say, ‘I’d rather have Bitcoin. Meanwhile, in an interview with Forbes this week, Kevin O’Leary shared similar sentiments about NFTs, stating that he believes NFTs will be bigger than Bitcoin and that 2022 will be the year of NFT.
Twitch co-founder launches NFT gaming market
Twitch co-founder Justin Kan officially launched Fractal, the NFT gaming-focused marketplace, this week. Fractal uses the Solana Blockchain, hosts digital goods and seeks to facilitate “cross-game” assets. Fractal has partnered with leading Blockchain-based games to do just that. The move was first announced by Justin Kan in early December.
Ankara University added an introductory course to NFT
Ankara University rector Prof. Dr. Necdet Ünüvar, on his Twitter account, announced that the “Introduction to NFT” course has been added as an elective course to the Faculty of Fine Arts, Department of Basic Art Education of the university. Rector Necdet Ünüvar made the statement that “With today’s Senate Decision: Faculty of Fine Arts Basic Art Education Department “Introduction to NFT” course has been added to the General Social Elective Courses pool of our University.
Acun Ilıcalı stepped into the NFT market
Acun Ilıcalı, known as a Turkish television personality, presenter, entrepreneur, international producer and businessman, announced that they have launched the NFT platform. In his post on his Twitter account, the famous show producer included the statement, “To discover All Star NFTs, Eneftio’s first NFTs, and to be a part of this world full of advantages….follow, take your place in the NFT world with Eneftio privileges”, and added ‘Eneftio. ‘ announced the NFT platform.
Eminem doping on Bored Ape Yacht Club (BAYC) NFTs
The price of BAYC soared after world-famous rapper Eminem bought a piece from his NFT collection. The famous rapper bought NFT from OpenSea for 123.45 ETH (about $460,000) on Thursday. Following this, he made his NFT his Twitter profile picture, following the tradition of celebrities. Following this news, the base price of the collection consisting of 10 thousand unique NFTs has exceeded 68 ETH.
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