Ulbricht’s NFT bid is up to 261 ETH, and Irish producers use NFT to fund the film

Silk Road leads to non-fungal tokens

At the time of writing, the 1/1 NFT auction created by the imprisoned Silk Road founder Ross Ulbricht has exceeded 261 ether (ETH), or $1.17 million.

NFT depicts a Hand drawn illustration Ulbricht from Psychedelic Eyes is part of his collection of works and nine other artworks, some of which were created in prison as part of the NFT auction.The auction started on the first day of the Art Basil Miami Art Fair on December 2 and is currently under Host Made by super rare.

The auction is scheduled to end on November 8. The proceeds from the auction will be used to support Ulbricht’s trust to free from double life imprisonment. It will also help launch Art4Giving, a charitable fund suggested by donors, to help prisoners and their families.

In a blog post announcing the decline of the NFT, Ulbricht said that although his future in the ninth year prison without parole looks bleak, he can do some positive things to heal all the “harm” seen around him .

A $225,000 NFT sells for $20?

Speaking of Art Basil Miami Art Fair, Dmitri Cherniak, the founder of “Ringers”, an NFT collection based on Ethereum and algorithms, appeared in front and offered to sell one of his NFTs worth $225,000 for only $20.

It is unclear if the move was a joke or a real offer, but Cernjak shared a photo of himself at the event and posted a note on his Ipad with the words “Ringers # 0, the price is 20 US dollars”.Although the current reserve price of Ringers NFT is Sitting The artist stated on OpenSea at a price of 50 ETH or $225,000 that no one accepted his offer.

A user on Twitter pointed out that this stunt is similar to the world famous street artist Banksy It is said that He took to the streets many times to sell his works of art.

“It’s like Banksy selling things on the street until he starts to cut prices and no one accepts him. Dmitry might get a bite of food from ordinary people for $5 to $10. They define ngmi, “User 5511 wrote.

Polygon will launch NFT games

Polygon (MATIC), based on Ethereum Two-tier expansion plan Its game division Polygon Studios has established a strategic partnership with GameOn Entertainment Technologies Inc. to develop NFT games.

GameOn is a sports forecasting and gaming company headquartered in the United States, providing sports and media entertainment services.

According to the announcement on December 2, the transaction will enable GameOn to launch a series of NFT games on the Polygon network, and Polygon Studio Non-dilutive funds will be provided for 50% of GameOn’s continuous product development costs.

Polygon Studios’ investment is part of a $100 million fund Announce Earlier this year, it focused on supporting the Web3 project, and its investments so far include DraftKings, DeFine and GameOn.

related: Deadmau5 and Portugal The Man release singles for 1 million NFT to fight for platinum

GameOn stated in the announcement that the cooperation with Polygon Studios will greatly help the company accelerate its plans in the NFT field.

“Polygon Studios’ investment enables GameOn to provide a full set of features from the creation, casting and sales of NFTs to the game layer it has deployed for white label customers (such as prediction and fantasy games),” the announcement read.

Irish producer wants to fund film through NFT

Niels Juul, the executive producer behind Martin Scorsese’s hit movie Irishman, A new NFT company was created to fund Hollywood movies through NFT sales.

According to December 1st report According to the Hollywood Reporter, Juul’s new company is called “NFT Studios” and has plans to fund a new comedy film called “A Wing and a Prayer” from NFT sales.

This movie will portray the true story of Brian Melton, who became the first person to travel around the globe in an ultralight aircraft in 1998. The film aims to feature first-rate actors and will be filmed in Malta and London next April.

“We are in the midst of a major transformation in the entertainment industry. Due to the rapid rise of streaming media and other digital platforms, traditional film funding and ownership methods are being uprooted,” Juul told the publication.

Other good news

On Thursday, Adidas announced Enter the metaworld Collaborated with the creators of Bored Ape Yacht Club, Yuga Labs, gmoney NFT and PUNKS Comic.

On the same day, the registered investment advisor and financial technology company Defiance launched The first NFT-centric The New York Stock Exchange Arca’s exchange-traded funds (ETF). The fund’s stock code is NFTZ, and it charges a management fee of 0.65% per year.