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Nifty News: Find love in Paris Hilton’s metaverse, BTC CryptoPunks soar and more

The “Parisland” metaverse experience will be available in time for Valentine’s Day, providing budding lovebirds with a virtual meeting place.

Paris Hilton, a famous New York socialite, believes the metaverse is the ideal place to find true love.

In a Feb. 9 tweet, the reality TV star and celebrity claimed she will collaborate with The Sandbox to bring “Parisland” to life.

The concept is essentially a VR dating experience coupled with a reality dating show, and it is set to be released on February 13 in time for Valentine’s Day.

According to a Feb. 9 release, participants will take part in a “in-game dating reality show” hosted by Hilton, in which they will meet five possible lovers online.

The experience will be available until March 13, and players will be able to perform missions for nonfungible tokens (NFTs) or SAND goodies and memorabilia.

Such objectives involve picking out a wedding gown and ring, as well as “rescuing a castaway and flirting with other candidates.”

Players will enjoy a virtual wedding after completing all of the objectives and finding the love of their lives, and Hilton herself will spin the decks for their first dance together.

The event is co-hosted by Hilton-founded entertainment company 11:11 Media. Cynthia Miller, the company’s Web3 and metaverse strategy head, stated that it was on a “mission to help individuals find love” using the experience.

The Ordinals protocol-enabled Bitcoin NFTs have generated quite a stir in the community, but it hasn’t stopped some from paying thousands of dollars for select collections.

According to the project’s website, a fork of the Ethereum-based CryptoPunks NFT collection named Ordinal Punks has made its way onto BTC, with a total supply of 100.

According to a price feed in the project’s Discord, Punk 94 sold for 9.5 BTC, or roughly $215,000 at the time, on February 8.

So far, it’s the highest price paid for a BTC-clone Punk from the collection, and it’s roughly double the price of the last CryptoPunk sold from the original Ethereum collection, which went for 70 Ether, or $110,000, according to OpenSea data.

Other recent sales include one Ordinal Punk selling for 6 BTC, or roughly $130,000, and others selling for 4.5 BTC, or around $100,000.

It’s a considerable price increase from the end of last week, when some Ordinal Punks sold for as little as 0.07 BTC ($2,200) on Feb. 2.

Royalty rights to Rhianna’s 2015 smash single Bitch Better Have My Money have now been made available as part of a collection of 300 NFTs.

Jamil “Deputy” Pierre, one of the song’s producers, has already sold about 1% of his streaming royalties stake through 300 NFTs, which offer the bearer a 0.0033% lifetime share in royalties for the record when it’s streamed digitally on services like Spotify.

The collection, which was auctioned by Deputy in collaboration with music royalties NFT platform anotherblock, went on sale on February 9 for 0.128 ETH each, or about $210.

Anotherblock tweeted the same day that the collection had sold out “in a few minutes.”

Anotherblock forecasts that one NFT will generate a “likely” first-year return of 6.5%, or $13.65 per year. At such rate, it would take around 15 years for a holder to recoup their investment.

It’s unclear how much of the song’s royalties Deputy kept after the NFT sale.

Through a collaboration with the Solana NFT collection, The Catalina Whale Mixer, Def Jam Recordings, a subsidiary record company of Universal Music Group, is attempting to establish a Web3-native band.

According to a Billboard article from February 8, the band, dubbed “The Whales,” will be made up of cartoon whale characters, akin to the virtual band the Gorillaz.

Catalina Whales later disclosed in a tweet that the band would be a “gamified music ensemble,” with NFT holders able to “land a role for [their] whale.”

Def Jam has yet to confirm the musicians behind the project, but it has reportedly stated that it would involve a “who’s who” of talent and that The Whales will produce a full-length album but has not specified a release date.

Def Jam’s roster includes Justin Beiber, LL Cool J, Rihanna, and Nas.

In 2021, another worldwide subsidiary label, 10:22PM, signed KINGSHIP, a similar NFT-backed virtual band comprised of four apes from the Bored Ape Yacht Club (BAYC) NFT collection.

Hermès won a trademark infringement suit against NFT artist Mason Rothschild for using the Birkin trademark for his MetaBirkins NFT line. Damages totaling $133,000 were granted to the firm.

Coffeezilla, a YouTuber, duped mixed martial artist Dillon Danis into endorsing a bogus NFT collection that, according to Findeisen, “actually spells out S.C.A.M.”

 

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