Two Bored Apes sell for $1M each: Nifty Newsletter, Nov. 23–29
In this week’s newsletter, read about how two Bored Ape nonfungible tokens (NFTs) sold for almost $1 million during the bear market and how the word “metaverse” made it into the top three finalists for Oxford Word of the Year. Check out how the metaverse can generate passive income through royalties and how NFT marketplace OpenSea has integrated BNB Chain into its platform. And, don’t forget this week’s Nifty News featuring COVID-19 protests in China being converted into a Polygon-based NFT collection.
The word “metaverse” has made it through to the top 3 finalists for the Oxford Word of the Year (WOTY) competition. The word will go against other contenders, including “IStandWith” and “Goblin Mode.”
In a video pitch, the Oxford University Press (OUP), the publisher of the popular Oxford English Dictionary, described the metaverse as “a hypothetical virtual reality environment in which users interact with one another’s avatars and their surroundings in an immersive way.”
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OpenSea has announced its plans to integrate BNB Chain into its NFT marketplace by the end of 2022. The integration will enable the platform’s users to buy and sell NFTs based on BNB Chain. According to the announcement, the integration will allow creators within the BNB Chain to have multiple payouts, real-time payouts and collection management.
An executive at BNB Chain said that their aim is to provide better experiences to both platforms’ users, suggesting that the integration will bring creators into a wider system and empower NFT initiatives within the BNB Chain ecosystem.
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While the rest of the crypto community weathers the effects of the bear market, some collectors are continuously beefing up their NFT collections.
Read more on cointelegraph.com
