CryptoPunk Incineration 🔥

• 😲 NFT Collector Destroys CryptoPunk Worth $135K

• 👋 Y00ts Say Goodbye Solana, Hello Polygon

• 🐸 A Recap of Otherside's Second Journey

• NFT Legal Battle Concludes in New York Court with Dismissal of Ownership Claims (NFT Evening)

• Gucci Gears Up for a Stylish Plunge into Yuga Labs’ Metaverse (NFT Lately)

• Balmain Steps into Web3, Drops NFT-Paired Sneakers (NFT Lately)

• EXIT Festival Enters NFT Ticketing with NFT-TiX (NFT Lately)

• Sotheby's Pauses NFT Auction After Glitch Artist Withdraws Over Lack of Female Artists (Decrypt)

• ArtBlocks Announce Next Curated Release: Cargo by Kim Asendorf (NFT Evening)

• Lil Durk’s Phygital Shoes are Coming and They Look Amazing (NFT Lately)

• Paris Blockchain Week: 4 NFT Trends to Watch in 2023 (NFT Evening)

• Painter Lee Mullican’s Pioneering 1987 Digital Art Released via Tezos NFTs (Decrypt)

• Bored Apes Showcase at the Louvre, Mark History (NFT Lately)

• Jungle Metaverse: XLABEL and X2Y2 to Launch Tarzan NFT Collection (NFT Lately)

• From ‘Twin Flames’ to Tarot: Justin Aversano Exhibits ‘Smoke and Mirrors’ Photo NFTs (Decrypt)

• Decentraland Plays Host to Rock Paper Scissors Emote Battle (NFT Plazas)

• IRS Seeks Public Input on Taxing NFTs as Collectibles (NFT Lately)

• Bored Apes Invite Other NFTs to Embark on the Otherside (NFT Lately)

• DeadFellaz Unveil New IP Extension, ‘Front Facing Fellaz’ (NFT Lately)

Other Stuff We Dig: 

• Understanding Evolving NFTs: A Close Look at Dynamic NFTs (NFT Lately)

• How to Buy and Sell NFTs on Nifty Gateway (Cointelegraph)

• Community-Driven Crypto Projects Still Thriving Despite Headwinds (Cointelegraph)

• The Impact of Cryptopreneurs NFTs on India’s Business Expansion (NFT Lately)

Trending Collections: 

• Inscribed Felines [Floor Price - 0.04 ETH] 

• Nakamigos [Floor Price - 0.11 ETH]

• loony squad [Floor Price - 0.02 ETH]

NFT Collector Destroys CryptoPunk Worth $135K

During the unfamiliar act of NFT-wrapping, an NFT enthusiast bungled his way into sending a $135k CryptoPunk treasure to a burn address, forever vanishing it from the realm of circulation.

Here's What We Know: 

• The NFT collector that accidently burned CryptoPunk #685 purchased the digital asset on March 13 as a "long-term" investment. 

• Brandon Riley was hoping to acquire more NFTs by acquiring the Punk through wrapping. 

• Inexperience with the wrapping process led to an irreversible disaster, and a humongous loss of ETH.

• According to Riley, the NFT was also made using borrowed funds. Welp.

Y00ts Say Goodbye Solana, Hello Polygon 

DeGods' Y00ts are shaking things up. Yesterday, the NFT project ditched Solana for Ethereum's Polygon chain, to pump up liquidity and trade in a breeze. 

Here's What We Know: 

• Y00ts bridging from Solana to Polygon means increased accessibility and improved user experience.

• Early bridgers will receive perks like free staking, covered gas fees, and $5 USDC for each listed Y00t.

• The first Y00t to bridge within the first 24 hours today will receive a unique BTC DeGod.

• Y00ts will also shortly be partaking in a makeover!

NFT MADNESS: Vote for Your Favorite NFT Project

Who has the strongest NFT community?

NFT Lately is letting you decide with NFT MADNESS!

Here’s our NFT Bracket consisting of some of our favorite projects. The NFT world is reliant on community. So, to emphasize that, YOU can decide who you want to be crowned winner.

Voting is open here!

Follow NFT Lately on Twitter to stay in the loop with NFT Madness and for pressing community news!

• First round: March 14-17

• Second round: 18-21

• Third round: March 23-26

• Fourth round : March 25-28

• Fifth round: March 29-April 1

• Final round: April 1-3

• Winner announced: April 4

A Recap of Otherside's Second Journey 

 This weekend, Yuga Labs' metaverse "Otherside" welcomed Voyagers from numerous OG projects. Consequently, many NFT enthusiasts delved into the vortex for its second expedition - and what a successful trip!

Here's What We Know: 

• More than 7,200 new Voyagers from NFT projects outside of Yuga Labs community explored Yuga Labs' metaverse "Otherside" in a second trip.

• The trip was filled with fun and competition. Participants split into four teams to partake in different activities - one of which consisted of "blob collecting" for giant toads. 

• This event showcased the potential of metaverse technology for creating engaging, interactive virtual spaces.

• With the tagline "Finders, keepers," Yuga Labs hints at more virtual thrilling adventures to come.

• One of these adventures include the prestigious fashion brand, Gucci.

Today's edition was written by Leah Alger.

Join us on Telegram | Join us on Discord

Advertise with NFT Lately