Seth Green's Stolen Bored Ape Halts TV Show?

Author

BuckyGang đź’«
May 30, 2022

Hey readers, thanks for joining us with the latest edition of Morning NFTea. As always, we have some more exciting stories from the NFT world, so let's jump into it.

Solana Flips Ethereum In Daily NFT Trading Volume

Most of us are used to NFTs on the Ethereum Blockchain, but the idea of Non Fungible Tokens are not restricted to any single blockchain. Over a 24-hour time span on May 25th, we saw Solana NFT sales generate $24.3M in volume, while Ethereum NFTs generated $24M, per data from CryptoSlam. It's not a significant takeover, but an interesting story as we see competition between these different blockchains. Solana is an open-source alternative that focuses on scalability and transaction throughput, and is known as a high-performance blockchain. This flipping of ETH in daily sales is one sign of the growth that Solana NFTs have been experiencing lately. The daily trading volume was largely due to a 10k Solana NFT profile picture project called 'Trippin’ Ape Tribe', which was responsible for $14.5M of the total volume. NFTs being successful on multiple blockchains highlights how NFTs are more than jpegs and are a technology of Non Fungible Tokens that can be implemented in multiple ways on multiple platforms.

Seth Green's Stolen Bored Ape Halts TV show

One perk of owning an 86ETH floor price Bored Ape is not only access to the exclusive “Yacht Club”, but also owning the Intellectual property rights of your ape. With these rights, the actor Seth Green (you might know as Chris from Family Guy), had planned a TV show around this copyright, even releasing a trailer of the show at the recent VeeCon. Unfortunately, Seth had his ape stolen in a phishing scam, which likely means he will not be able to go ahead with the show because he no longer owns the NFT that grants the broad license to use it. If Seth goes ahead with the show, then it is possible that DarkWing84, the new owner of BAYC#8398 (who bought the ape off OpenSea) could take legal action against Seth if the actor uses the intellectual property without permission. This example is a great discussion on NFTs, as it is revolving around people's ownership of property that centers around ownership of the NFT itself.

A World Of NFT Adoption

In a recent study of NFT adoption done by nftclub.com, some interesting statistics have come out of the woodworks. Currently, the United States is home to the most NFT company headquarters with more than 41% of the NFT companies worldwide located there. Singapore comes in second with over 10% in its region, and India comes in third with about 5%. In NFT-related Google queries over the last 12 months per 100k people, Taiwan makes the most NFT related searches at 2.3 million searches or about 9.6k searches per 100k people, second is Australia at 2.1 million searches or 8.2k searches per 100k people, and the United States comes 9th with 7.1k NFT related searches per 100k people.

Snoop Dogg x Steve Aoki

Snoop Dogg and Steve Aoki are some of the largest internationally recognized artists in the music industry, and together they both heavily invested in the Web3.0 world and have been at the forefront of growing the movement towards digital assets. Together, they are releasing a debut collaboration EP later this month called Alpha Doggz, and the five-track album will be released in partnership with the blockchain-based Gala Music platform. One of the singles will be airdropped to holders of Snoop’s Stashbox token holders, and another to the A0K1VERSE Passport holders. Gala Music aims to decentralize the world of music streaming. Snoop Dogg recently bought the label he produced music for, Death Row Records, and has said that Gala Music will be the exclusive home that Death Row Records will live in the Metaverse. For Gala Music, this ambitious release from the legendary rapper and EDM pioneer is an exciting step towards bringing decentralized music to the masses with the ability to uplift artists, fans, and collectors in Web3.0.

Thanks for checking out the latest news from NFTs, hope you have a great next couple days and we will be right back at ya in a couple days with some more Morning NFTea.

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Weekly Vocab

Airdropped: An airdrop, in the cryptocurrency business, is a stunt that involves sending coins, tokens, or NFTs to wallet addresses in order to add value to a collection or promote awareness.

For example, Snoop Dogg & Steve Aoki are airdropping one of their singles as an NFT to random holders of their current NFT collections. Since everyone's wallet addresses are public, the managers of these collections will be able to pick people at random and airdrop this NFT to their wallets.

DISCLAIMER:

None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.