What's In Your Wallet
IHOP Menu and Logan Paul’s NFT Falling to $10
Last week, the American restaurant chain International House of Pancakes (IHOP) said it would “jump on the bandwagon” and drop its own “NFT.” This made Twitter users curious. It turns out that its new “NFT” is neither non-transferable nor a token.
People had different reactions to the pancake chain’s first announcement on October 6, which made it sound like it was entering Web3 with a nonfungible token (NFT) drop.
One Web3 supporter said, “Kudos to IHOP for having the courage to be on the cutting edge and innovate for the future,” while others threatened to stop following the restaurant’s Twitter account.
But when the food chain finally announced its “NFT” on Oct. 10, it turned out to be a menu item called “New French Toast,” which is “Thick, Fluffy, and Extremely Versatile,” the chain said.
Last week, the American restaurant chain International House of Pancakes (IHOP) said it would “jump on the bandwagon” and drop its own “NFT.” This made Twitter users curious. It turns out that its new “NFT” is neither non-transferable nor a token.
People had different reactions to the pancake chain’s first announcement on October 6, which made it sound like it was entering Web3 with a nonfungible token (NFT) drop.
One Web3 supporter said, “Kudos to IHOP for having the courage to be on the cutting edge and innovate for the future,” while others threatened to stop following the restaurant’s Twitter account.
But when the food chain finally announced its “NFT” on Oct. 10, it turned out to be a menu item called “New French Toast,” which is “Thick, Fluffy, and Extremely Versatile,” the chain said.
“We just released #NFT: New French Toast, as promised. It’s thick, fluffy, and very easy to work with.” pic.twitter.com/r0sZKeBq0a — IHOP (@IHOP) 10 Oct 2022
People on Twitter laughed at the chain’s sneaky way to sell more toast, but one Crypto Twitter user said, “They’re missing a chance to be a part of history by not getting iHop.eth early.”
Logan Paul’s NFT drops from $600,000 to $10
An NFT that American YouTuber Logan Paul bought for 188 Ether (ETH) tickers down $1,287 at a cost of $623,000 in 2021 lost a lot of value and was only worth $10 by the end of September. However, the price has gone up a little since it became popular on social media.
Paul’s on-paper loss of over $600,000 on his 0N1 Force K4M-1 #03 NFT has been known for months, but it got more attention on Twitter after the YouTuber posted about it on Snapchat on September 27.
At the time of this writing, the token has a bid of 1.5 ETH on the NFT marketplace OpenSea, which is about $1,900.
After the cryptocurrency market dropped sharply in May, Paul isn’t the only one feeling the pinch.
The amount of NFT trades has dropped by 98%, from $6.2 billion at the end of January to $114.4 million today.
Applications for crypto trademarks rise
Mike Kondoudis, a trademark attorney, posted on Twitter that so far this year, 4,618 trademark applications related to the Metaverse and virtual goods or services have been filed with the U.S. Patent and Trademarks Office (USPTO). Of these, 367 were filed in September.
The car company Ford filed 19 trademarks for all of its major models of trucks, cars, and vans to be represented in an NFT as virtual vehicles. This was one of the most important filings of the month.
On September 19, Jack Daniel’s, a company that makes whiskey, filed a new trademark application for NFT-authenticated media, virtual beverages, barware, clothing, and digital collectibles.
Viacom International filed two trademarks for the Teenage Mutant Ninja Turtles on September 12 to expand the brand into NFT-backed media, crypto collectibles, and crypto collectible transfer software. On the same day, Paramount Pictures filed two trademarks for the Mean Girls brand for similar uses.
Binance broke a Guinness World Record by giving the most cryptocurrency lessons ever.
Trade in crypto Binance and the Talent Network, a company based in Mexico, worked together to break a Guinness World Record for the world’s largest cryptocurrency lesson on October 7 at Blockchain Land in Nuevo León, Mexico.
Even though only 289 people showed up to Binance’s 50-minute class, that was enough to break the record.
Carolina Carnelli, who is in charge of marketing for Binance in Latin America, told the people there about crypto and Web3, how they can help make money more free and accessible around the world, and what blockchain can do for them.
Changpeng Zhao, the founder, and CEO of Binance gave a presentation from afar as part of the lesson.
The hybrid event had both in-person and online attendees, but the number of online attendees did not count toward the record.
The Talent Network has already set two world records: in 2018, it had the world’s largest robotics class, and in 2019, it had the world’s largest software class.
More Cool News: The Ethereum blockchain-based metaverse projects Decentraland and Sandbox responded to reports that said their platforms had low daily user activity by saying the data used was based on a “misinformed” metric.
DefiLlama’s anonymous creator, 0xngmi, announced on Twitter that their smart contract code for a new protocol for borrowing and lending called LlamaLend is almost done. The protocol is mostly for small collections and is meant to solve the problem of NFT holders needing to sell their digital collectibles to get cash.
For More NFT News, Click Here.
You must be logged in to post a comment Login