🗼 Pudgy Penguins x DeGods to Host "Midnight in Paris"

Good morning: We have hit the triple crown with lawsuits, events, and releases covered in todays newsletter. LFG!!!

• NFT Market - It is no surprise that Pudgy Penguins sits as the top trending project in the last 24hrs. Their recent announcement was sure to generate some hype. We cover that announcement down below. 👇

• Trending Collections

  • Pudgy Penguins [Floor Price - 5.45 ETH]

  • OnChainMonkey [Floor Price - 2 ETH]

  • BITCOINORB [Floor Price - 0.27 ETH]

Today's edition:

• 🤑 NFT Sales hit $945M in January

• 🙉 Yuga Labs Reaches Settlement in BAYC Trademark Lawsuit

• 📗 DC Comics Releases Dark Nights: Death Metal #1 NFT Edition

• 🛍️ Hermes Wins the Battle of the Birkins: Replica Company Ordered To Pay Up

• 🗼 Pudgy Penguins x DeGods to Host "Midnight in Paris"

• ⌚ Hublot and Takashi Release 13 Unique Watches Linked to NFTs (Barons)

• 🪙 How BTC NFTs Might Fix BTC's Security Budget (CoinDesk)

• 🎉 Bill Murray Walks Into a Members-Only NFT Party (Decrypt)

• 🚙 California DMW Drives NFT Car Titles onto the Blockchain (NFTPlazas)

• 🖼️ Bitcoin NFT Mints Are Rising - But So Are Transaction Fees (Decrypt)

• 📃 Little Shapes was a 'social exxperiment' to expose NFT botnets: founder (CoinTelegraph)

• 🪙 Revolut to offer returns on crypto holdings via 'staking' (Reuters)

• 📃 Dubai Clarifies Rules for Crypto Companies (Decrypt)

• ✅ From $8 Mint to $4k Flip: Open Edition NFTs Are Energizing Market (Decrypt)

• 👗 Broadway's Bad Cinderella Is Doing NFTs (Playbill)

• 🤑 Earn Royalties from Hit Rihanna Song With Deputy NFTs (NFTEvening)

• 📈 10 Blue-Chip NFT Projects to Hold in 2023 (NFTPlazas)

NFTs Sales Hit a Whopping $945M in January

Get ready to join the NFT hype train because the numbers are soaring! January 2023 saw nearly $1 billion in NFT sales in just 30 days, with a whopping 41% increase from the previous month. Who needs stocks when you can have one-of-a-kind digital collectibles, amiright?

Here are the quick facts:

• According to data from DUNE, Nearly $1 billion in NFT sales in January 2023.

• This is a 41% increase from the previous month.

• It turns out Digital Collectibles are the new gold in the year of 2023.

• Most of the NFTs were purchased on the Ethereum blockchain, no shocker there, but Polygon and Solana come a close second and third.

• Who needs stock anyway?

Looks like NFTs are the future, folks! So, brush up on your crypto lingo and start picking out your next virtual masterpiece. The NFT market is heating up and you dont want to be left behind. 

YugaLabs Reaches Settlement in BAYC Trademark Lawsuit

Yuga Labs has settled its Bored Ape NFT trademark lawsuit, according to the latest news. This legal battle had the crypto community on the edge of their seats, wondering who would come out on top in this clash of the titans.

Here are the quick facts:

• Yuga Labs, the parent company of the BAYC NFT collection and Thomas Lehman were in a trademark dispute.

• Thomas Lehman built websites and smart contracts for "RR/BAYC", a project that closely resembles BAYC.

• The dispute has now been settled.

• The terms of the settlement have not been disclosed.

• Bored Ape is an NFT collection featuring apes.

It seems that the apes can now go back to being, well, bored, as the legal drama has come to a close. The terms of the settlement remain shrouded in mystery, but we can all breathe a sigh of relief that the dispute has finally been put to bed.

DC Comics Releases Dark Knights: Death Metal #1 NFT Edition

Attention all DC Comics fans! The wait is over, and the NFT world is about to get a whole lot more metal. Introducing the Dark Nights: Death Metal #1 NFT Edition - now available at DC3!

Here are the quick facts:

• Dark Knights: Death Metal is a popular comic series.

• The NFT edition of issue #1 is now available at DC3.

• The NFT edition features exclusive cover art by Greg Capullo.

• The NFT is a limited edition collectible and will be sold for $10.

• The NFT edition is a must-have for any DC Comics fan and NFT collector.

Get ready to headbang your way into the NFT world with this metal masterpiece. Don't miss out on the chance to own a piece of DC Comics history. Head over to DC3 and grab your Dark Knights: Death Metal #1 NFT Edition now!

Hermes Wins the Battle of the Birkins

Ready for a little legal drama with a side of high-end fashion? Well, buckle up because the Hermes Metabirkins lawsuit just got its verdict. 

Here are the quick facts:

• Hermes accused artist Mason Rothschild over the NFT project "Metabirkins": citing that people where buying into a unaffiliated good.

• Hernes claimed that the use of "Metabirkin" was too similar to their "Birkin" brand.

• The Hermes Birkin bag is one of the most sought-after luxury items in the world.

• The court has ordered Mr. Rothschild to pay $133,000 to Hermes for damages.

• Rothschild's lawyer was quoted as saying "great day for big brands, terrible day for artists and the First Amendment."

Well, there you have it folks, the MetaBirkin case comes to an end.  Who knew a digital handbag could cause so much stir. 

Pudgy Penguins x DeGods to Host "Midnight in Paris" Event

Put on your party hats, grab a glass of champagne, and get ready for the ultimate digital art show - the Pudgy Penguins x De Gods Midnight in Paris! This event is set to showcase some of the most pudgy and fabulous penguins in the NFT world along with DeGods.

Here are the quick facts: 

• Pudgy Penguins are digital art collectibles featuring penguins

• Pudgy Penguins x DeGods, two notable NFT projects, are collaborating for this event.

• This event is set to take place on February 24th, so mark that day on your calendar folks.

• Pudgy Penguins and DeGods Holders will be allowed to attend the event.

• Did we mention this event will take place in the City of Love, Paris.

This is one event you don't want to miss out on if you're a fan of NFTs and digital art. Mark your calendars, put on your finest attire, and let's flaunt these NFTs in style. 

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