Indonesian NFT ‘Selfie Man’ Raises $1.8 Million, CryptoPunk Sells For $16 Million: Nifty Newsletter
In this week's newsletter, read how an Indonesian man who sold nonfungible token (NFT) selfies will make a comeback with memecoins in 2022. Check out how BlackRock's crypto wallet received memecoins and NFTs after putting stablecoins in the wallet. In other news, learn how Pixelmon's CEO is betting a fraction of distributed NFTs, and learn about a new CryptoPunk transaction that takes the second largest sales record for the stock.
Indonesian NFT “Selfie” in memecoin brings back $1.8 million
In the year In 2022, Sultan Gustaf Al Ghozali, who gained popularity by selling Selfie NFTs, is making a comeback with a hybrid project combining NFTs and memecoins. Gozali announced the project, details and pre-sale address on March 24.
Days after the announcement, the presale address had 527 Ether (ETH), worth about $1.8 million. Despite this, Gozali says he will return funds above the 400-ETH cap he has set for the project.
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BlackRock Accepts Memecoins, NFTs After Placing $100 Million USD On Chain
Asset management company BlackRock has received at least $40,000 worth of memecoins and NFTs after on-chain sleuths discovered one wallet linked to a new tokenization fund. After BlackRock filed to offer the BlackRock USD Institutional Digital Liquidity Fund, it suggested a $100-million dollar coin (USDC) deposit.
As a result, anonymous crypto users sent at least 40 different tokens and 25 NFTs to a BlackRock account with an Etherscan address. This ranges from Bitcoin Ordinals' Pepe Coin to “CryptoDickbutts S3” NFT.
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Pixelmon CEO Bets on Big Return for Distributed NFTs
Crypto project Pixelmon, once derided as “the worst NFT project,” has cited fragmentation to make a comeback. CEO Giulio Xiloyannis Cointelegraph said in an interview that they will redo the artwork of the project, except for the famous NFT piece “Kevin” in the Pokemon-inspired project.
Xiloyannis says Pixelmon will be free-to-play but will have Web3 components. By owning an NFT, holders can earn royalties when NFT tokens are used outside of the game. Traders can earn NFT fractions based on the percentage they own.
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CryptoPunks records another $16-million NFT sale in March
Blue-chip NFT collective CryptoPunks saw another $16-million transaction in March, becoming the collective's second largest NFT sale. On March 20th, CryptoPunk #7804 was sold for 4,850 ETH, which is around $16.4 million during the transaction.
Perugia, NFT's longtime owner, resigned, describing the sale as “the end of an era.” The NFT owner bought CryptoPunk in 2021 for 4,200 ETH (worth $7.5 million).
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Thanks for reading this recap of the week's most notable developments in the NFT space. Come back next Wednesday for more reports and insights into this actively growing space.
