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Nifty News: ‘Degen’ season returns with feet NFTs, disappointing Game of Thrones NFTs and more

Foot fetishists and crypto degens have taken interest in an NFT collection boasting 10,000 unique pixelated trotters with over $1 million in trading volume.

'Degen' season smells like pixelated feet

Feetpix.wtf’s newly launched nonfungible token (NFT) collection, “Feetpix” has seemingly taken the NFT community by storm with surging trading volumes, prompting some to suggest the return of “degen” season.

Feetpix.wtf’s collection soared ahead of the likes of Bored Ape Yacht Club (BAYC) on Jan. 11 with the fifth-highest trading volume recorded on NFT marketplace OpenSea.

Feetpix NFTs come in different skin tones, nail colors, shoes and backgrounds. Image: OpenSea.

The project — which released 10,000 Feetpix NFTs — has traded over 825 Ether (ETH)($1,157,000) across nearly 18,000 transactions since its release on Jan. 8.

Crypto Twitter is still split on what inspired the surge in foot fetish-NFT trading volumes, though Feetpix noted the absence of a roadmap, promise and marketing scheme suggested a “love for feet” is not just legitimate but also clearly monetizable through the use of digital art.

Several Twitter users highlighted the absurd, short-term success of the project, suggesting a return of “degen szn” (season) which entailed a mass trading volume of high-risk NFT collectibles at the peak of the bull market in 2021.

But even the creators themselves implied something could be mentally wrong with collectors, suggesting buyers “stop buying feetpix” and instead “use that money for therapy.”

Game of Thrones NFTs: ‘Worst thing I’ve ever seen’

Game of Thrones’ highly anticipated "Build Your Realm" NFT collection launch has received a hefty dose of criticism despite completely selling out in seven hours on the NFT marketplace Nifty’s.

The collection was described by the pseudonymous co-founder of Web3 gaming project Treeverse, Loopify, on Jan. 11 as the “worst thing I’ve ever seen.”

Loopify told their 200,000 Twitter followers in a separate post that some of the avatars possessed “salad fingers.”

NFT enthusiast Justin Taylor shared his criticism with his nearly 60,000 Twitter followers stating the launch lacked “creative vision” and was outright “terrible.”

The first series NFT collection was born from a collaboration between Nifty’s and NFT production company Daz 3D, where each NFT is minted on Palm — an Ethereum-compatible sidechain — allowing collectors to create their own unique realms and avatars.

While the fast sellout came as little surprise due to the popularity of the show, many collectors reported issues with the minting process in addition to the widespread disappointment of the poorly designed avatars.

Yuga Labs announces skill-based NFT mint

Yuga Labs — the creative team behind the BAYC — is set to expand its NFT ecosystem with the launch of a skill-based NFT game called “Dookey Dash.”

In order to participate, BAYC and Mutant Ape Yacht Club (MAYC) holders will need to mint a “Sewer Pass” on Jan. 17 in order to start playing the game on Jan. 18.

The aim of the game will be to navigate the sewer, claim as many NFT rewards as possible and record the highest score until Feb. 8 when the leaderboard freezes.

“Sewer Pass holders will compete for the highest score and earn their new power source," the BAYC wrote, adding “the highest single-run score on your specific Sewer Pass and accompanying wallet that achieved the run will determine what it reveals."

However, it’s not clear what the prizes will consist of with Yuga stating on BAYC’s Twitter account that prizes will “evolve throughout 2023.”

The four-week Dookey Dash experiment also appears to be the first part of a narrative experience, with segments “It’s Alive!” and “Chapter 1” expected to proceed with the “Sewer Close” on Feb. 8, according to a roadmap set out by Yuga.

Tennis Australia still playing ball with NFTs

Tennis Australia has confirmed it’s still investing in the NFT space, by continuing its Australian Open (AO) Artball NFT collection it created last year as a means to engage NFT collectors and tennis fanatics.

The Artball NFT serves to “leverage live match data to deepen global fan engagement beyond a tournament” through the digital realm, according to the Artball website.

With 6776 Australian Open Artballs sold in last year’s collection, an additional 2,454 Artballs will hit the market in time for the 2023 tournament, which officially kicks off next Monday, Jan. 16 in Melbourne.

According to the website each Australian Open ArtBall is linked to live match data corresponding to a 17cm by 17cm plot on the court.

If a winning shot from any match lands on a collector's plot the NFT metadata will be updated in real time and the collector will be rewarded.

One of the special ArtBalls is Artball SuperSight which enables an entire suite of exclusive 360-degree front-row viewing tools, a 3D stats explorer and personalized streams that has been “custom built” for members.

Collectors will also be in the running to win two free tickets to the equivalent live match in AO24 if their Artball scores a “Match Point” in AO23 in addition to being granted access to “exclusive behind-the-scenes streams.”

AO Artball holders can win themselves tickets to AO2024 if certain conditions are met. Source: Australian Open Artball.io.

Artball minting is currently subject to a waitlist, according to the AOmetaverse Twitter page.

Other Nifty News:

NFT platform Upshot has created a trading tool that scores and classifies wallets based on their trading success, which will enable crypto newcomers to get a closer look into the strategies adopted by successful collectors.

Blockchain security firm SlowMist revealed a sneaky trick scammers used in 2022 to steal NFTs was a “zero dollar purchase” scam where victims were tricked into signing over NFTs for basically no cost in a fake sales order, with scammers able to purchase the NFTs through a marketplace at a price they determined.

FDIC chair, ‘architect of Operation Chokepoint 2.0’ Martin Gruenberg to resign Jan. 19

The Australian Open swings into the Metaverse on Decentraland

A virtual recreation of Melbourne Park including the Rod Laver Arena and Grand Slam Park will be open for the duration of the AO tournament.

Tennis Australia has partnered with Decentraland to host the Australian Open (AO), which will be the first official tennis grand slam in the Metaverse.

A virtual recreation of key areas in Melbourne Park, including the Rod Laver Arena and Grand Slam Park, will be open for the duration of the Australian Open tournament, which will run for a fortnight beginning on Jan. 17.

The event will include exclusive content for virtual visitors, including behind-the-scenes footage from over 300 cameras around Melbourne Park, including the exclusive player arrivals area and the practice village.

As well as broadcasting live footage and AO radio, it will also feature archival footage from tennis matches dating back to the 70s and virtual meet-ups with tennis players including Mark Philippoussis, with other players yet to be confirmed.

Tennis Australia NFT & Metaverse Project Manager Ridley Plummer said in a virtual welcome address on Decentraland that he hopes for the AO to become the “world’s most accessible and inclusive sports and entertainment event.”

“With the unique challenges fans have faced getting to Melbourne, we’ve fast-tracked our launch into the Metaverse,” he said.

“Taking the AO into the Metaverse is an important step to provide truly global access to our great event.”

This is especially pertinent given travel restrictions due to the COVID-19 pandemic, making it very difficult for many fans to reach Melbourne to view the event in real life. The 2021 AO faced a range of challenges, including a historically low number of on-site spectators and lockdown restrictions.

Despite the timely introduction of the partnership given the pandemic, Plummer says that the AO plans to continue to collaborate with Decentraland in the future. “We’re in it for the long term,” he said.

“The Metaverse is not going anywhere, and as a company, we’re invested in continuing to grow our online presence and push the boundaries of innovation.”

He also added that Tennis Australia is exploring the possibility of a year-round property in the Metaverse.

“We definitely think of ourselves more as an entertainment event rather than just a tennis event. Whether we're providing entertainment via the metaverse twelve months of the year or only a few months of the year, that's definitely a decision to be made in our roadmap going forward.”

Australian Open lands a sweet NFT partnership

Meanwhile, on Jan. 17, the AO also announced it would be teaming up with NFT platform Sweet to release six NFT collections commemorating the last five decades of the AO.

The collections will be released intermittently between Jan. 17 and 27 to coincide with the tournament.

Tom Mizzone, CEO of Sweet said that the NFT release demonstrates a “truly new level of access” for fans to get a glimpse into the world of their idols.

“We love this idea of turning IP into digital memorabilia and tying that memorabilia back to an experience,” he added.

“The idea that the AO designed an umpire chair that had never been seen before and now tennis fans can own and display that umpire chair as an NFT is just amazing.”

Separately, the AO launched a collection of 6,776 algorithmically created “Art Ball” NFTs on Opensea on Jan 12.

According to Plummer, the collection sold out in three minutes following the public drop with a price floor of 0.26 ETH (around $875) and a trading volume of 223 ETH ($751,287).

Related: Australia's largest crypto exchange will sponsor tennis star Ajla Tomljanovic

This isn’t the Open’s first rodeo in the Metaverse. In 2020, the AO hosted the Fortnite Summer Smash, an esports event with a $100,000 prize pool.

Tennis Australia has leased the virtual land from Vegas City, a company that owns large areas of the metaverse.

The AO has already had its share of drama, with an Australian court dismissing Serbian tennis star Novak Djokovic’s appeal against a deportation order.

Djokovic is a vocal critic of the COVID-19 vaccination and claims he was given an exemption from the Australian government to enter the country despite being unvaccinated.

FDIC chair, ‘architect of Operation Chokepoint 2.0’ Martin Gruenberg to resign Jan. 19