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Neymar Jr., a Brazilian Soccer Player, Buys and Displays his Bored Ape Yacht Club NFT

Among other NFTs, renowned footballer Neymar Jr owns two Bored Apes. In digital tokens and ENS addresses, he has spent over $1 million.

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#nft #nfthours #neymar #bayc #boredape

Neymar Jr, a successful PSG player, Brazilian national team goalscorer, and NFT enthusiast, is the newest member of the exclusive Bored Ape Yacht Club.

Neymar announced the news to his Twitter fans with a photo of his new pink ape wearing fancy futuristic glasses with the hashtag #BoredApeYC.

Neymar Jr. Loves NFTs

Neymar changed his profile photo to the Bored Ape 6633 avatar on January 20. The soccer player spent 159.99 ETH for the monkey, according to OpenSea’s records. Using the current ETH price as a benchmark would be roughly $481.6K USD. This represents more than 66 percent gain since the identical monkey sold for 96 ETH just over a month ago.

However, Ape 6633 isn’t Neymar’s only NFT. The soccer player also owns Ape 5269, a more valuable ape for which he bought 189.69 ETH (about $570K at current pricing).

The laser eyes on Neymar’s most precious ape are a popular fad among maximalist bitcoiners who believe the price of Bitcoin will soon reach $100,000.

The Apes were then moved from Neymar’s “EneJay” account to a new one called “EneJayVault,” most likely for security reasons.

Neymar also owns several NFTs, including one from the ACESnikers fashion line, as well as others from the Flipped BAYC, flipped CryptoPunks, and flipped Doodles.

The ENS neymar-loves-rarepepes.eth is also owned by Neymar. If anyone has any NFTs about the well-known “crypto meme,” you can email him.

NFTs: From Niche Market to Global Trend

NFTs have been increasingly popular in recent months, thanks to large corporations, celebrities, athletes, and well-known artists.

BAYC NFTs serve as representative avatars and online social club membership tokens. They were first released in April 2021 at a price of 0.08ETH and have since grown in popularity to become the most valuable collection, exceeding the Crypto Punks’ floor price.

Twitter has developed an NFT verification feature, allowing users to display their NFTs in a specific frame to establish that they are the actual owners of an Avatar. In this approach, they refute the argument advanced by some detractors that simply keeping a duplicate of an NFT image is sufficient to claim ownership.

NFTs have mostly been used for speculative and aesthetic purposes so far, although they may become more popular in the future. In addition, NFTs will be used in-game and software development to represent items in the metaverse, and prospective applications in the supply chain, politics, and identity verification are currently being investigated.

ART & COLLECTABLES

Ford is getting ready to enter the Metaverse with digital cars and NFTs

A month after the company announced significant personnel reductions, it has filed a trademark application covering its future initiatives in the Metaverse and NFT space.

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Ford Motor Company, an American automaker, has filed 19 trademark applications across its key automobile brands as it prepares to enter the realm of nonfungible tokens (NFTs) and the Metaverse.

Mike Kondoudis, a trademark attorney licensed by the United States Patent and Trade Office (USPTO), disclosed in a tweet on Wednesday that the business had submitted a total of 19 trademark applications covering its car brands, including Mustang, Bronco, Lincoln, Explorer, and F-150 Lightning, among others.

The trademark applications include a projected online marketplace for NFTs and virtual versions of its businesses’ automobiles, trucks, vans, SUVs, and clothes.

Ford intends to produce digital images of its vehicles, SUVs, trucks, and vans that will be verified by NFTs, according to USPTO filings submitted by the automaker on September 2.

The business also disclosed plans for “downloadable virtual commodities,” or “computer programs,” that would include apparel, accessories, and parts for vehicles for usage in “online virtual environments,” such as virtual and augmented reality trade exhibitions.

Additionally, there are plans to develop an online marketplace for “others’ digital artwork” as well as “online retail shop services featuring non-fungible tokens (NFTs) and digital collectibles.”

Less than a month after Ford Executive Chairman Bill Ford and CEO Jim Farley announced significant personnel reductions from its global workforce to decrease corporate expenses; Ford has decided to enter the Web3 area.

Ford isn’t the first automaker to enter the Metaverse market.

While premium automakers like Bentley and Lamborghini have already launched NFT collections, automakers including Nissan, Toyota, and Hyundai have indicated ambitions to enter the fast-expanding Metaverse market.

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ART & COLLECTABLES

Crypto-Vultures Profit from the Death of Queen Elizabeth

Only a few hours after the Queen’s passing, more than 40 meme tokens bearing her name have been released.

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Yesterday, according to Buckingham Palace, Her Majesty Queen Elizabeth II passed away. Although her loss triggered a global outpouring of sympathy and grief, it has also been exploited as a money-grab.

Elizabeth II, monarch
Grift endures eternally, but the Queen is gone.

There are over 40 meme coins on Ethereum and the Binance Smart Chain thanks to Queen Elizabeth’s passing (and at least one exploitative NFT collection).

While the news of the British monarch’s demise saddened people worldwide, cryptocurrency scammers took advantage of the occasion to launch dozens of meme coins with Queen themes on Ethereum and Binance’s BNB Chain.

Among the new crypto coins that were introduced are “Queen Elizabeth Inu,” “Queen Doge,” “God Save The Queen,” “London Bridge Is Down,” “Queen Grow,” “Rip Queen Elizabeth,” “Elizabeth II,” and “Queen Inu II.” Other tokens with the name of the next king, King Charles III, have also appeared. According to DexScreener, at least 40 separate meme coins appear to have been produced in the previous six hours.

The most liquid tokens, Save The Queen and Queen Elizabeth Inu, have already processed trade volumes of around $700,000 and $200,000 since their debut. At the time of writing, the price of Queen Elizabeth Inu is up 1,517%, while it has increased by 23,271% on Binance Smart Chain and 3,708% on Uniswap. Prices are incredibly unstable and exceedingly unlikely to persist.

The “Queen Elizabeth 69 Years NFT” NFT set has reportedly been produced. One image is said to represent each year of the Queen’s reign in the collection. The project’s aims should be questioned because Elizabeth II reigned for 70 years, not 69.

The crypto community, typically known for its gallows humor, mainly reacted negatively to the initiatives. When told about the NFT collection, NFT aficionado ThreadGuy said, “You’re going to hell.” Trader Byzantine General declared, “We’ve got to stop this crypto stuff.”

In 1926, Queen Elizabeth was born. She was the longest-reigning British monarch in history and passed away in Balmoral Castle at 96.

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ART & COLLECTABLES

One crypto sector, according to billionaire Chamath Palihapitiya, is experiencing a classic bubble cycle

One crypto sector may be going through a typical hype cycle, according to billionaire investor and software entrepreneur Chamath Palihapitiya.

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In a new episode of the All-In podcast, the CEO of Social Capital discusses the sharp decline in trading volume in the non-fungible token (NFT) market.

Palihapitiya offers Coachella and Burning Man as examples of major music festivals that strive to be distinctive but may wind up being mostly the same.

The billionaire contrasts NFTs and the overall art market with the two music events.

“I do believe that there is something going on; the simplest way to explain this is with the Burning Man/Coachella scenario. Many of these things are similar, but when some people approach anything new, they are too insecure to accept that it is similar to another item, so they spend a lot of time attempting to convince you that it is different. When someone says that a time is different, it’s probably not that different, as stated in the Warren Buffett quote, is an example. Or consider the other famous historical adage, “Things don’t always repeat in history, but they rhyme.”

All of this is meant to imply that, aside from major advances in science, not much new has been discovered recently. We keep repeating the same patterns, and one of them is the social capital that comes from making certain decisions and then having those decisions validated by others in order to feel valuable. And this occurred in NFTs, as well as, I’m sure, in the initial stages of several artistic movements. These events are more comparable than dissimilar because they have presumably occurred in a number of other markets as well.

Burning man and Coachella are same. The art market and NFTs are both the same. It doesn’t need to be unusual; you can simply appreciate it because you think it’s cool. I would just take it with a grain of salt and tell anyone who comes to you asking why it’s so different.

DappRadar reports that earlier last week, trading volume on popular NFT marketplace OpenSea reached a one-year low.

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