NFT investor accidentally burns CryptoPunk: Nifty Newsletter, March 22

Wall St falls as labor data spurs rate hike jitters before debt ceiling vote

NFT investor accidentally burns CryptoPunk: Nifty Newsletter, March 22–28

Published Mar 29, 2023 03:00PM ET Updated Mar 29, 2023 04:40PM ET

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In this week’s newsletter, read about Sony (NYSE:SONY) filing a patent for a nonfungible token (NFT) framework for games, and how executives believe that Grand Theft Auto (GTA) 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.

Sony has recently filed a patent for an NFT transfer framework across multiple game platforms. This new addition to Sony’s preparations to enter crypto integrates NFTs into gameplay. With this, NFTs can become skins or other in-game functions and items.

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