Nifty News: The Simpsons roast NFTs, Yuga Labs exec departs after anti-semitic tweets and more

NFT sales reveal signs of strength after year-long downturnAfter a extended and constant decline in NFT sales, the market appears to be lastly showing signs of a healing, with monthly trading volumes growing for the very first time in a year, according to a report from crypto data company DappRadar. Source: DappRadarDespite the apparently significant boost month-over-month, its worth keeping in mind that Octobers $340 million amount fades in comparison to the $1.98 billion of volume saw 7 months prior in March.When it came to trading volume, Ethereum-based NFTs still dominated the market, growing more than 50% in October. Other networks such as Polygon, Starkware, and Flow saw their sales volume drop 48%, 42% and 32% respectively.The report made special note of NFT activity on the Solana (SOL) community, which– after being pestered by the FTX failure– revealed signs of strength, notching a 15% uptick in general trading volume.

Degens cash in on Simpsons NFT episodeNFT lovers certainly didnt let the Simpsons roast go to lose, with creators rushing to capitalize on the newly found promotion for NFTs. Simply hours after the episode initially aired, Italian parody artist Rino Russo introduced a Simpsons-derived NFT project, which combined the similarity of Simpsons characters with CryptoPunks.The collection, called Springfield Punks, was released as a totally free mint and rapidly sold out as NFT fans raced to leap in on the action. Barts an NFT in Treehouse of Horror XXXIV Celebrate with totally free Springfield Punks mint live now !! ♂ ♂ ♂ Mint Site: https://t.co/E8DD0JhAY6 Contract: https://t.co/o5J43ndaKb #Simpsons #NFTs #Halloween #FreeMint pic.twitter.com/v1D9ccSj4X— Rino Russo (@RinaldoRu) November 6, 2023

The special revolved around poking enjoyable at the speculative nature of NFTs and how the market is mainly sustained by the fear of missing out on out (FOMO). The last joke lands when Homer finally offers into FOMO and mints himself as NFT. Notably, the Simpsons developers even parodied their own NFT collection– Golden Moments– which was first used in conjunction with Disney+ by the NFT platform VeVe in Nov. 2021.

The Simpsons roasts NFTs in new Halloween specialAnimated television series The Simpsons spent a whole sector mocking nonfungible tokens (NFTs) during the current 34th annual Treehouse of Horror Halloween unique, in a sector called “Wild Barts Cant Be Token.” In the unique, Homer unintentionally mints Bart on the blockchain, and in the occurring scenes, the developers poke fun at NFTs, all while referencing collections such as the Bored Ape Yacht Club, Doodles, along with the viral digital artist Beeple.Get all set for a non-fungible night in tomorrows #TreehouseOfHorror XXXIV on @FOXTV, next day on @hulu. pic.twitter.com/Y4cSiyp4kD— The Simpsons (@TheSimpsons) November 4, 2023

In the unique, Homer unintentionally mints Bart on the blockchain, and in the occurring scenes, the developers poke fun at NFTs, all while referencing collections such as the Bored Ape Yacht Club, Doodles, as well as the viral digital artist Beeple.Get prepared for a non-fungible night in tomorrows #TreehouseOfHorror XXXIV on @FOXTV, next day on @hulu. Notably, the Simpsons creators even parodied their own NFT collection– Golden Moments– which was first offered in combination with Disney+ by the NFT platform VeVe in Nov. 2021. Degens cash in on Simpsons NFT episodeNFT lovers certainly didnt let the Simpsons roast go to waste, with creators hurrying to capitalize on the newly found promotion for NFTs. NFT sales reveal signs of strength after year-long downturnAfter a constant and prolonged decline in NFT sales, the market seems to be finally revealing indications of a healing, with monthly trading volumes growing for the very first time in a year, according to a report from crypto data company DappRadar. Other networks such as Polygon, Starkware, and Flow saw their sales volume drop 48%, 42% and 32% respectively.The report made special note of NFT activity on the Solana (SOL) ecosystem, which– after being plagued by the FTX downfall– showed indications of strength, notching a 15% uptick in general trading volume.

At the time of publication, the Simpsons Punks collection has actually witnessed a massive 1,377 Ether (ETH)– worth $2.6 million at current costs– in trading volume, making it the 3rd most traded collection on OpenSea in the last 24 hours. Yuga Labs social lead steps down after anti-semitic tweets resurfaceShpend Sahilu, the social lead for NFT company Yuga Labs revealed that he would be stepping down after anti-semitic tweets he published years ago resurfaced on social media. Sahilu, much better understood by the pseudonym NGBxShpend on X, described that he would be leaving his function at the company, due to his past anti-semitic tweets ending up being “a diversion” from the Bored Ape Yacht Club.