A bottle of 52-year-old whisky made at Japan’s famous defunct Karuizawa distillery is being auctioned off as an NFT.
The starting price for the nonfungible token (NFT) and bottle of whisky is a dizzying $75,000, or about 62 Ether (ETH). Direct-to-Customer NFT wine and spirits marketplace BlockBar is handling the auction.
To whisky collectors, the ultra-rare bottle of whisky from “The Last Masterpiece” cask made in 1970 is attractive as there are now only 211 bottles of it left, according to a July 12 report by Finbold. Now an NFT collector can bolster their collection with a token that verifies authentic ownership of a bottle.
The auction began on July 12 and will continue until July 18. The artwork for the NFT and the bottle was made especially for the BlackBar auction by calligrapher Sounn Takeda. There has been one bid made on the item so far.
Old Navy gets bored
American clothing brand Old Navy has issued a new $19.95 T-shirt depicting Bored Ape Yacht Club (BAYC) #7285. Is this a good thing for BAYC?
Some have questioned the association, while others are delighted to see their favorite NFT collection gain widespread recognition in mainstream culture. BAYC owner JBond said in a July 15 tweet that in general, it helps Bored Apes.
I saw arguments on whether a $19.99 @OldNavy shirt with an ape on it hurts or helps bored apes
Thoughts:
1) It helps – a licensing example between a major clothing brand & bored ape
2) It helps drive awareness too
3) It doesn’t necessarily hurt official BAYC shirt value. Why?⬇️— JBond (@jbondwagon) July 15, 2022
According to BAYC creator Yuga Labs’ terms of service, owners have the right to use the image of their BAYC as they please under most circumstances.
Some of the NFT community claimed it was an unauthorized use of the image, however Old Navy’s product site indicates that the image on the shirt has been licensed, The owner of this BAYC is clearly an enthusiast, as they own six other BAYCs, 11 Mutant Apes, 20 Otherdeeds, along with two Bored Ape Kennel Club NFTs.
Creating more in The Sandbox
You can now publish game assets that you have created in the Metaverse and NFT gaming platform The Sandbox (SAND).
A July 13 announcement from the project outlines how voxel creators can now publish their artwork and use it on their plots of metaverse LAND.
The process for publishing appears fairly straightforward as a creator merely needs an account on…
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