Rumors of a new Yoga Labs collection debunked, Budweiser celebrates its merger and more…

Yuga Labs founder Greg Solana (garga.eth) has shot down rumors that the creators of Bored Up Yacht Club (BAYC) are planning to launch a new NFT collection called “Mecha Apps” later this year.

Rumors began to swirl after Protoss Yuga Labs claimed to have obtained documents detailing that it was looking to raise around $50 million from the sale of 100,000 tokenized plots.

After the news was reported online by various outlets, Garga.eth tweeted on September 16 that it was all “fake news”.

Despite the hype, Yuga Labs has hit the ball out of the park with every project it’s launched so far and has outlined a broad vision for Metaverse, with no other NFT projects in the offing. It seems like such a stretch.

Ultimately, Yuga Labs hopes to create a virtual space where people can connect, a host of game modes with play-to-find aspects, and a workable Metaverse ecosystem where users can learn about blockchain, NFTs, and more. Metaverse.

Yuga Labs is valued at nearly $4 billion and has generated sales of over $2.4 billion worth of BAYC NFTs to date, while other NFTs for Alside Metaverse have generated over $1 billion.

Budweiser shares a toast to the merger.

Following a merger with beloved beer maker Budweiser, it teased a limited edition beer cans featuring the company’s beer.eth Ethereum name service domain name.

Budweiser’s photo sharing can show “Beer.eth, King of NFTs” in the center on September 16, the company tweeted, “This is Bud for the mix.”

While the company hasn’t released any further details on the cans, it initially created a select number for the NFT Beer Fest event in March.

When people asked how they could get their hands on the special cans, the brewer teased, “They might look different.”

The company first purchased the beer.eth domain in August 2021 for $100,000 and has continued to be involved in the sector since earlier this year, partnering with NFT horse racing game Z Run to create Budweiser brands and horses.

NFT is created on the last Ethereum PoW block.

According to data from Etherscan, someone was able to mine NFT on the last Proof of Ethereum (PoW) block before the network switched to PoW.

The NFT in question is the VanityBlock token for which the user paid 30.2 Ether (ETH) and 1.3 ETH in gas fees to mint, which is worth approximately $46,500 at the time of writing.

The NFT has since been offered for sale on OpenSea, and currently the highest price of 10 Wrapped ETH (WETH) is about $14,700.

VanityBlocks offers buyers the opportunity to own an entire block of tokens on Ethereum as it publishes transaction information on an entire block. There are only 18 of these NFTs listed on OpenSea, with prices starting at around 1.1 ETH.

Despite the current bear market, the lack of bid action seems surprising given the rarity of this particular NFT at the end of Ethereum’s PoW history.

Related: The Ethereum community wasted no time in making PoS NFTs after the merger.

Funko is using NFTs to boost its revenue: CEO

Andrew Perlmutter, CEO of collectible figure behemoth Funko, said the company has gotten behind NFTs to meet the needs of young collectors who value digital goods and assets.

So far, the company has released several Funko Pop NFT drops featuring beloved characters from franchises like Avatar, Hey Arnold, and Teenage Mutant Ninja Turtles.

Perlmutter told on September 15 that while he is not well-versed in NFTs and blockchain, the young man is fully immersed in the digital sphere.

“My kids always want a Fortnite skin or a gun,” he says, “so the way they look at digital assets is different than the way we dinosaurs look at them.”

“We knew it made sense for our brand to be in the NFT business … people who collect digital assets,” Perlmutter concluded.

Other good news:

On Tuesday, popular NFT project Doodles announced that it has raised $54 million in funding led by Seven Seven Six with participation from 10T Holdings, Acrew Capital and FTX Ventures at a valuation of $704 million.

Solana-based NFT marketplace Magic Eden has addressed some community complaints following the launch of MetaShield, which aims to protect NFT buyers who bypass creator royalties.