Disney reportedly sacks its metaverse division while the UK drops the Royal Mint NFT project. All that and more in this week’s Nifty Newsletter!
framework for games, and how executives believe that Grand Theft Auto and Minecraft developers may change their minds on blockchain technology. Learn how an NFT collector accidentally burned a CryptoPunk worth $135,000 while trying to borrow funds, and find out about Disney reportedly sacking its metaverse division. In other news, His Majesty’s Treasury in the United Kingdom has dropped the Royal Mint NFT project.
Grant Haseley, an executive at Web3 game development firm Wagyu Games, told Cointelegraph that AAA studios would change their mind once there’s a success story. “It’s just going to take one Web3 game to explode for the others to take flight,” he said.An investor tried to go through the intricate process of NFT wrapping and ended up burning a CryptoPunk worth around $135,000. According to NFT collector Brandon Riley, he was wrapping the NFT to potentially borrow liquidity from it.
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