Bored & Hungry LA flips its last NFT-themed burger
A Los Angeles burger restaurant, which has used a Bored Ape Yacht Club non-fungible token (NFT) as its unique brand identity for the past two years, is now closing its doors and being sold to a Decentralized Autonomous Organization (DAO). In simpler terms, after operating as a burger restaurant in LA with an NFT from Bored Ape Yacht Club representing its logo for the last two years, it’s now shutting down and getting bought by a DAO.
Today, we bid farewell to the initial Bored & Hungry site in Long Beach, California, as shared by co-founder Andy Nguyen in a post on April 8th.
Nguyen’s company Hungry DAO, specializing in branding and franchising, obtained the Bored & Hungry brand. This brand currently operates in three locations: the Philippines, Seoul, South Korea, with plans to expand to Hong Kong, Singapore, and Dubai through pop-ups at upcoming events.
The founding team of the restaurant is going to become shareholders in the Decentralized Autonomous Organization (DAO). Meanwhile, they’ll be sharing exciting news about the restaurant’s new location in the United States very soon.
In April 2022, Bored & Hungry became the latest business venture by individuals who own Bored Ape NFTs. These NFT owners have since launched various enterprises, one being a Cuban restaurant in Miami, leveraging their NFT assets and associated rights.
With the encouragement and collaboration of the forward-thinking BAYC and Web3 community, we were able to pioneer the use of digital IP ownership in establishing a new restaurant brand. We’re thrilled with this achievement and look forward to seeing how the community will build upon our foundation next.
Game Boy dupe will cost $500 to play Bitcoin NFTs
Ordz Games, the Bitcoin Ordinals gaming platform, intends to sell a Bitcoin gaming console and digital wallet resembling a Game Boy for approximately $500.
At the Hong Kong Web3 Gaming Expo on April 7, Ordz introduced the BitBoy One gadget. This name is a combination of “Bitcoin” and “Game Boy,” but it’s important to note that it’s not related to the Bitcoin influencer or the former fighter with the same moniker.
According to GamesBeat’s report, Ordz Games anticipates setting the console’s price at approximately $500, although the figure may still be subject to change. Preorders are planned to go live in mid-April.
This device is roughly ten times more expensive than affordably priced handheld retro game consoles like those from Anbernic, which retail for about $50. Additionally, it costs around $50 more than a brand new entry-level PlayStation 5.
Using the Ordinals protocol, the BitBoy One device allows users to engage in retro-style play-to-earn games based on Bitcoin. This innovative gadget functions as a wallet, enabling users to save any earned Bitcoin directly, which regular consoles like PS5 or Anbernic cannot provide.
A press release reveals that in addition to operating the Bitcoin console, users have the capability to power a Decentralized Physical Infrastructure Network (DePIN). This can be achieved by keeping the console active, enabling them to earn airdrops as rewards.
Doodles to make animated film with Lil Wayne as a skeleton
The NFT collection Doodles has hinted at the release of an animated movie named “Dullsville in the Doodleverse.” In this production, rappers Lil Wayne and Coi Leray will lend their voices to the characters.
The collection announced in a post on April 5 that they plan to begin sharing the film’s narrative in the summer months (mid-year for those outside of America) through various means including music, live events, collaborations, merchandise, and NFTs. These offerings will be promoted as “digital collecting experiences.”
The marketing campaign for the film will conclude when it makes its debut at the Toronto International Film Festival in September.
Doodles shared that Captain Stoke, portrayed by Lil Wayne, is a skeleton character in the film, while Deysi, voiced by Coi Leray, appears to be an anthropomorphic flower. The details about their roles in the movie were kept minimal. Lil Wayne gained fame with his diamond-certified 2008 hit “Lollipop,” and Coi Leray rose to prominence with her platinum hit “Players” in 2022.
Pharrell Williams, who is both a singer-songwriter and the chief brand officer of Doodles, has created the film’s original soundtrack. The musical duo will contribute to this soundtrack by participating in it. Additionally, there are three music videos connected to the songs in this soundtrack.
NFT sales drop for 5th straight week
The total volume of NFT sales across all blockchains has decreased for the past five weeks, following a peak in early March. This decline can be largely attributed to a substantial drop in NFT transactions on the Ethereum blockchain.
The daily NFT sales volume represented by CryptoSlam reached a peak of approximately $80.4 million this year on March 4th. However, within five weeks, on April 8th, this figure had dropped significantly to around $39.4 million – a decrease of over 50%.
The sales volume of Non-Fungible Tokens (NFTs) on the Ethereum network has experienced a substantial decrease, dropping by approximately 48% in the past 30 days to reach around $363.3 million. This decline is more pronounced than the drops observed in Bitcoin (approximately 13.5%), Solana (over 15%), and Polygon (nearly 34%).
In the last 7 days, Bitcoin NFTs were the sole exception among the top five blockchains, experiencing a significant increase of over 24% in trading volume, reaching approximately $97.7 million.
Over the last week and the previous 30 days, the most frequently exchanged NFTs were identified as “Uncategorized Ordinals.” These Ordinals refer to individual Bitcoin tokens that don’t belong to any officially classified collections.
Over the past month, these transient Ordinals recorded a trading volume of $156 million, marking a significant increase of 54% compared to the preceding 30-day span – approximately $37.4 million of this amount was generated within the last week.
Other news
Dogecoin supporters conducted a self-initiated airdrop similar to the recent buzzing distribution event carried out using Bitcoin Ordinals.
Binance, the cryptocurrency exchange, recently decided against continuing support for Bitcoin Ordinals in its NFT marketplace, which they introduced about a year ago. They explained their decision by stating the need to simplify their product line.
Web3 Gamer: Gods Unchained app drops crypto, Kings of Fighters Arena review
Read More
- LDO PREDICTION. LDO cryptocurrency
- JASMY PREDICTION. JASMY cryptocurrency
- Chainlink to $20, when? Why analysts are positive about LINK’s future
- Citi analysts upgrade Coinbase stock to ‘BUY’ after +30% rally projection
- Why iShares’ Bitcoin Trust stock surged 13% in 5 days, and what’s ahead
- Spot Solana ETF approvals – Closer than you think?
- Orca crypto price prediction: Buying opportunity ahead, or bull trap?
- Can Ethereum ETFs outperform Bitcoin ETFs – Yes or No?
- How Potential Biden Replacements Feel About Crypto Regulation
- Why Shiba Inu’s 482% burn rate surge wasn’t enough for SHIB’s price
2024-04-09 08:07