Nifty News: A ‘joke’ domain auction that went awry costs BAYC hodler 100 ETH


On OpenSea’s 24-hour sales volume list, Nickelodeon’s sold-out NFT drop has risen to second place, and former Simpson’s animator Erick Tran is now developing an animated NFT series.

A humorous bid on a big Bored Ape Yacht Club (BAYC) NFT hodler’s own registered Ethereum Name Service (ENS) domain cost him 100 Ether (ETH), or $150,000.

On July 20, the NFT whale, also known as @franklinisbored on Twitter and the owner of 57 BAYC NFTs, created the ENS domain “stop-doing-fake-bids-its-honestly-lame-my-guy.eth” using a different wallet.

He was trying to use the EnsBidsBot account to tweet about a sizable 100 ETH offer on an ENS domain as part of a joke about the use of such Twitter accounts, which was discussed with other NFT collectors in the community.
However, when his ENS domain actually received a bid of 1.9 ETH ($2,900), @franklinisbored quickly accepted the offer but neglected to revoke his initial 100 ETH bid.

He described the action on Twitter and underscored how absurd it was by saying, “This is a mistake that I can’t fathom anyone else putting in the effort to do.”

”I was celebrating my joke of a domain sale, sharing the spoils, but in a dream of greed, forgot to cancel my own bid of 100 ETH to buy it back. This will be the joke and bag fumble of the century. I deserve all of the jokes and criticism.”

The ENS blockchain naming protocol has become a useful tool for avoiding the need to communicate long automated wallet address ids by allowing users to mint names as ERC-721 tokens that may connect to crypto wallets.

NFT’s successful drop on Nickelodeon

Nickelodeon’s initial foray into the NFT market has been a success, with trading volumes soaring this week after the project sold out of all 10,000 NFT avatars it had planned to release.

10,000 NFTs with randomized and distinctive qualities representing 12 different characters from Hey Arnold! and the Rugrats were released in the drop, which went live on July 19. The artifacts were first auctioned for $50 each, but since then, the OpenSea floor price has increased to 0.29 ETH ($440).

With 1,066.05 ETH ($1.6 million) in trading volume over the previous day, Nickelodeon’s NFTs have produced the second-highest trading volume of any project listed on OpenSea.

GameStop NFT surpasses Coinbase NFT in trading

Since its July 11 introduction, GameStop’s NFT marketplace has generated more than double the total sales volume of Coinbase NFT, indicating that it has been rather successful.

The platform has so far produced NFT sales totaling more than $8.6 million, according to information taken from the GameStop NFT website and collated by Cointelegraph.

In contrast, after starting in May, Coinbase’s eagerly awaited NFT marketplace has only made $3.58 million. Notably, Coinbase has not yet added fees to the marketplace, while GameStop levies a 2.25 percent fee on all NFT purchases.

To reach market leader OpenSea, which generated $22.9 million in the last 24 hours alone, GameStop NFT has a long way to go.

At the time of writing, MetaBoy and Cyber Crew [C4], which each generated $2 million and $1.59 million in sales volume on GameStop NFT, were the only two projects to do so.

Cartoonist for The Simpsons debuts an NFT-based series

Erick Tran, a former animator for the venerable animated program The Simpsons, has teamed up with blockchain-based film and television production company Mogul Productions to introduce an NFT-based animated series that is based on the history of Hollywood.

Given that the Hollywood sign will be built 100 years from now, the presentation will be referred to as The Mogies and will be accompanied by 1,923 NFTs. Each Mogie NFT will feature a parody of a well-known Hollywood celebrity, and token owners will be given IP rights to the material used in their NFT.

The series is being developed by Tran and his crew at the CHAVVO studio, and it will chronicle the careers of the mocked superstars as they go through Hollywood. Additionally, the project will witness the debut of the NFT hodlers-only Mogieland Metaverse, which will grant access to advantages such virtual red carpet events and behind-the-scenes material.