Indonesian NFT enthusiast, Sultan Gustaf Al Ghozali, who made waves in 2022 by selling selfie NFTs, is now making a comeback with an innovative project that combines NFTs and memecoins. Ghozali recently announced the project, providing details and a presale address on March 24.
In just a few days after the announcement, the presale address received a staggering 527 Ether (ETH), equivalent to approximately $1.8 million. Despite this overwhelming response, Ghozali has announced that he will refund any amount exceeding the 400-ETH cap that he had set for the project.
In other news, asset management giant BlackRock has received a surprising influx of memecoins and NFTs after depositing $100 million worth of USDC (US Dollar Coin) into its crypto wallet. Crypto enthusiasts noticed this activity when BlackRock made a filing to offer its BlackRock USD Institutional Digital Liquidity Fund, and the subsequent USDC deposit raised suspicions.
As a result, various unnamed crypto users sent a total of 40 different tokens and 25 NFTs to the BlackRock labeled address on Etherscan. This eclectic mix ranged from Bitcoin Ordinals’ Pepe coin to a peculiar NFT called “CryptoDickbutts S3”.
Meanwhile, the CEO of Pixelmon, Giulio Xiloyannis, is placing his bets on fractionalized NFTs to revive the project’s reputation. Previously labeled as the “worst NFT project,” Pixelmon aims to redeem itself by introducing fractionalization. In an interview with Cointelegraph, Xiloyannis revealed that they plan to revamp the project’s artworks, excluding the popular NFT piece called “Kevin,” which will remain unchanged.
Pixelmon will be a free-to-play game with Web3 elements. By owning an NFT, players can earn royalties whenever their NFTs are used outside the game. Additionally, traders have the opportunity to own fractions of an NFT and earn profits based on their ownership percentage.
Lastly, the renowned NFT collection CryptoPunks continues to make headlines with yet another significant sale in March. A CryptoPunk NFT, known as #7804, was sold for a whopping 4,850 ETH, equivalent to approximately $16.4 million at the time of the transaction. This sale now stands as the second-largest transaction in the CryptoPunks collection.
The long-time owner of the NFT, Peruggia, bid farewell to the artwork and described the sale as the “end of an era.” Notably, Peruggia had purchased the CryptoPunk for 4,200 ETH in 2021, which was valued at around $7.5 million at the time.
Thank you for reading this summary of the week’s most noteworthy developments in the NFT space. We invite you to join us again next Wednesday for more reports and insights into this rapidly evolving field.