What's Beeple's First NFT?

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This Week's Low-Down:

• 🚀 Yuga Labs x Roar Studios Unite to Enhance the Otherside Metaverse

• 💖 Ordinals’ Non-Profit Institute to Advance the Bitcoin Protocol

• 🤝 Beeple Finally Purchases His First Ever NFT—CryptoPunk #4953

• Kraken Users’ Favorite NFTs to Transform Formula 1 Racing Cars (NFT Lately)

• Etihad Airways 'Horizon Club' Web3 Loyalty Program Will Let You Stake NFTs for Miles (CoinDesk)

• Bitcoin for Ken, NFTs for Barbie (NFT Evening)

• CryptoDickButts Debuts Series 4 With Ownership “Twist” (nftnow)

• Collect, Play, and Win Real Gold With Golden Egg Wonderland (NFT Evening)

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

• This Art Exhibit Is Bringing New Life to Allen Ginsberg’s Poetry Using AI (NFT Evening)

• Meta Aims to Recharge Lagging Horizon Worlds Metaverse With New In-House Game Studio (CoinDesk)

• Unleash Your Potential at NFT Biarritz: The Ultimate Web3 Event (NFT Evening)

• The Story of Bright Star Studios and P2E Game Ember Sword (NFT Lately)

• Redefining Finance With NFT Debit Cards (NFT Evening)

• GameStop Retreats from NFT Space, Ending Support for Wallet (nftnow)

• A Billion-Dollar Revelation: Trump’s Income Statement Includes NFT Collection Profits (NFT Evening)

Trending Collections on OpenSea:

• Himalaya [Floor Price - <0.01 ETH]

• Punks2023 [Floor Price - 0.04 ETH]

• Haas x RENGA Racing [Floor Price - 0.13 ETH]

Yuga Labs x Roar Studios Unite to Enhance the Otherside Metaverse

In a futuristic fusion of visions, Yuga Labs assimilates Roar Studios, supercharging its dreams for the Otherside metaverse with ROAR’s trailblazing AI wizardry and immersive gaming galaxies.

• Roar Studios’ ‘ROAR’ platform now complements Yuga’s community-centric approach with its real-time virtual interaction technology for the Otherside metaverse.

• The merger combines the metaverse company’s technology with Yuga’s resources, including $450m in funding and NFT collections.

• Roar Studios’ founder, Eric Reid, will join Yuga as the general manager of the Otherside, leveraging his extensive virtual world creation expertise.

• With this recent acquisition, Yuga Labs aims to accelerate the reality of open metaverses, enabling users to create their own interconnected virtual worlds.

Ordinals’ Non-Profit Institute to Advance the Bitcoin Protocol

Bitcoin-based protocol Ordinals announces the formation of its nonprofit organization, the Open Ordinals Institute, amidst reaching the mighty milestone of 21m inscriptions.

• Ordinals permit users to attach data to individual satoshis, tiny fractions of a Bitcoin, allowing for unique digital assets like artwork, profile images, and games.

• The California-based Open Ordinals Institute aims to strengthen the Ordinals protocol development by funding the core developer group.

• Unlike previous private funding classified as personal gifts, the Open Ordinals Institute, pending IRS approval, can accept tax-deductible donations, significantly impacting tax considerations.

• The Ordinals team has also unveiled Ordinals.org, a platform to share updates and resources related to the project’s development, and as a testament to the non-profit approach’s scalability.

• This milestone of 21m inscriptions matches the limited supply of Bitcoin, demonstrating its growing significance in the crypto community.

Beeple Finally Purchases His First Ever NFT—CryptoPunk #4953

Celebrated NFT artist, Beeple, made his first PFP NFT purchase — CryptoPunk #4953, for a cool $208k (113.7 ETH).

• As a consequence of Beeple’s purchase, the CryptoPunk — boasting rare traits like a mohawk, clown green eyes, and a red clown nose — fetched the highest price for an NFT in the past 24 hours.

• Beeple’s punk, previously owned by collector Twill, was bought for $327k (109 ETH) in February 2022, leading to a considerable loss on Twill’s part.

• Beyond his newfound role as a collector, Beeple continues his digital art creations and in-person experiences in his South Carolina studio.

• This week, his $29 million ‘Human One’ sculpture is exhibited in the U.S. for the first time at Arkansas’ Crystal Bridges Museum.

Today's edition was written by Leah Alger.

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