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Nifty News: Yuga in doghouse over Kennel Club logo, NFT marketplace wars rage on and more

The logo for a popular Yuga Labs NFT collection is being changed after it was seemingly ripped off from a follow-along children's drawing creator.

YUGA's dog-themed NFT series will launch a new logo

After recent allegations of patent theft, the symbol of the boring ape breeding club (BAKC) of Yua Labs, an irreplaceable dynamic password group, has been updated.

Greg Solano, founder of YUGA, said on Twitter on February 18th that the symbol of BAKC could change and that the project would "quickly launch a new logo".

Yua has been criticized for his logo because he looks very similar to the finished product of a follow-up art painting manual made for children by a company called Easy Drawing Gudes.

Easy Drawing Gudes released a manual for making wolf skulls on April 5, 2021, more than a month earlier than the launch of BAKC on June 17, 2021. The company thinks it has a patent on the picture.

Solano said all the unsuccesses were "news for us", adding that Yuga was "still investigating the situation" and had contacted Easy Drawing Gudes and signed a customized freelance artist.

Blurred Line: NFT sales Market War soars Market sales

Over the past seven days, OpenSea's sales have soared in a battle for supremacy between NFT and its competitor Blur, with the two companies bickering over fees and creator royalties.

According to CryptoSlam, a NFT aggregator, NFT's sales increased by more than 101% over the previous week, with turnover exceeding $524 million in the last seven days at the time of writing.

One of the important factors in the increase is the representative airdrop conducted by Blur on Feb. 14, which encourages users to use the website to carry out airdrop.

Since the beginning of this year, Blur has been the dominant industry in terms of trading volume, and OpenSea has been the core in this respect.

Dappra's interpretation shows that the trend has continued over the past week-Blur's turnover is close to $400m, while OpenSea's is $105 million.

OpenSea recently launched a new campaign and has significantly reduced the cost of its service platform to zero, established alternative creator royalties and imposed more casual bans on other sales markets.

The "fat finger" mistake cost NFT traders more than a thousand dollars.

The NFT collector, under the pseudonym Franklin, made a "fat finger" error when bidding for a collection. He unexpectedly bid more than 21 times the cost of NFT.

On February 19th, Franklin admitted the absurd recycling and bought a NFT from the Beanz collection of the Azuki project for 35 ETH ($60, 000 at the time), albeit at a cost of about 1.7 ETH, or $2800.

He said she "put forward a big collectible price" for the Beanz series, but in fact she wanted a "much lower price of 35 yuan."

"I then bid 35 euros for a set of goods [.] I was accepted without waiting for him to withdraw. Oh. I'm gonna be okay. Franklin wrote on Twitter.

However, Franklin seemed to have only 10626 soybeans in a very short period of time. After all, only two hours after that incorrect purchase, he sold it at the price of 1.77Weth-equivalent to a loss of nearly $56000.

Free mint Starbucks NFT is now sold at a high price.

At first, all the free NFT products were launched by Starbucks, a coffee shop brand around the world. A few months after the initial coin making, NFT is often seen implicitly selling for more than a thousand US dollars.

The Starbucks Henranda Polygon NFT series is an award program launched in December 2022 and is still in closed testing at this stage. At present, only four commemorative stamps with a total amount of 148000 US dollars have been issued, the first of which is more than 5000 commemorative stamps.Traditional festival applause the first edition of commemorative stamps.

Users of the collection initially received NFT for free, and although the transaction volume was relatively low, a dynamic password on Nifty Gateway now costs about $2000.

The collection alone accounts for US $117000, or about 80 per cent of the total turnover of the collection.

As the first auction, NFT can be said to be more special for some collectors. Starbucks also stressed that its NFT rewards mainly include deals limited to NFT holders, invitations to exclusive agency-themed events, and most likely a trip to Costa Rica's delicious coffee ranch.

In addition, the minimum price for other declines is much lower, with another drop as high as $5000, while the decline in the top 30, 000 seems to be half the cost price, just $59.

Other interesting news

KnownOrigin, the NFT marketplace of the EBay Group, offers smart contracts for creators that don't have to code, so that artists share the profits and earn royalties as co-creators of the series. In the past few weeks, the public beta has completed testing, launched 84 contracts and forged 250 versions of NFT.

The Web3-friendly Neil era Mohan was chosen as YouTube's CEO, and his basic plan for the site included letting creators identify short videos, photos, plastic arts and feelings, generating additional fixed income for them.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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