It’s been a month since our last Happy Hour, and we’re having to add a new word to our NFT vocab: “fractionalised”.
NFT owners are breaking their tokens into tradeable ERC-20 “fractions”. You can now buy a fraction of the original Doge NFT (sold for $4 million) for less than $1. This new way of splitting up NFTs is no doubt going to keep the industry booming.
Whether you love them or you hate them, NFTs appear to be here to stay. So here’s your weekly dose of NFT news to keep you up-to-date with the art world’s worst/best friend.
Bored Ape Yacht Club Makes Sotheby’s Record
A BAYC NFT has made a record sale of $2.25 million at Sotheby’s. The ape in question was Bored Ape #7090 with “solid gold fur”. At the end of august Bored Ape #8135 made the highest sale at the time for $1.8 million. Are you bored yet? Sotheby’s’ auction is selling a lot of 101 BAYC NFTs and will end September 9th.
Tom Brady Launched ‘Autograph’
Tampa Bay Buccaneers quarterback Tom Brady has launched ‘Autograph’ on DraftKings, co-chaired by Richard Rosenblatt. The platform sells digital sports merch and memorabilia, including NFTs from Tony Hawk. Brady said: “we created Autograph as a way for fans and collectors to own a piece of iconic moments in sports and entertainment”.
Pranksy Gets Punked
This week an NFT was minted on OpenSea which was linked to Banksy’s website, suggesting that the street art legend had entered the NFT arena. A collector named Pranksy quickly bid 100 ETH (over $330,000), despite the piece not looking like a Banksy, and there being no rumours that Banksy was ever going to drop NFTs let alone without a big fanfare. The link to Banksy’s site was quickly removed which led to accusations of a prank having happened. On the 1st of September Pranksy announced that his 100 ETH had been returned to him by the hacker.
An all-NFT wine brand called Hello Fam launched at the end of August. Purchasing one ‘Grape Fam’ NFT (with unique digital artwork) is the equivalent to buying a six-bottle case of (limited) real Hello Fam wine. Collectors can trade in their NFT for the real deal and can also get lucky and receive a golden Grape Fam worth 6-figures. Other alcohol companies including AB inBev (who create Budweiser and Stella Artois) have also been getting involved in the NFT sphere.