American restaurant chain International House of Pancakes (IHOP) piqued the curiosity of Twitter users last week when it announced it would be “jumping on the bandwagon” and dropping its “NFT”. As it turns out, his new “NFT” is neither indestructible nor a token.
The series’ first announcement on October 6, which appeared to enter Web3 with a non-fungible token (NFT), was met with mixed reactions.
One Web3 supporter said, “Thank you IHOP for the courage to be ahead and innovate for the future,” while others threatened to unfollow the restaurant’s Twitter account.
But when the grocery chain finally unveiled the “NFT” on Oct. 10, it was revealed that it was actually the chain’s “New French Toast” menu item, adding that it was “fat, fluffy and very interchangeable.”
As promised, we’ve just released #NFT: New French Toast! It is thick, thin and very interchangeable. pic.twitter.com/r0sZKeBq0a
– IHOP October 10, 2022
Twitter users mocked the network’s fake ploy to sell more toast despite one Crypto Twitter user commenting that they “missed the opportunity to be part of history” and get “iHop.eth before”.
Logan Paul’s $600,000 NFT drops to $10
NFT was bought for 188 Ether (
) worth $623,000 in 2021 by American YouTuber Logan Paul saw a big loss in value to just $10 by the end of September, but the price has since risen significantly after it hit social media.
Paul’s on-paper loss of over $600,000 on the 0N1 Force K4M-1 #03 NFT has been public knowledge for months, but after a YouTube user posted on Snapchat on September 27 talking about it, many Twitter users caught on this story. This has led to more interest in NFTs.
Now 1.5 ETH has been offered on the NFT trading floor OpenSea, which is around $1,900 at the time of writing.
Paul isn’t the only one upset about the sharp fall in the cryptocurrency market in May.
NFT trading volume fell 98% from around $6.2 billion at the end of January to $114.4 million today.
Crypto brand apps on the rise
Data released on Twitter by trademark attorney Mike Kondodis this year show that 4,618 US trademark applications have been filed with the United States Patent and Trademark Office (USPTO) related to Metaverse and virtual goods or services, with 367 of those orders coming in September. .
Cryptocurrency-related branded apps by month. Source: Mike Kondodis.
Notable entries this month include Ford Motor Company, which has registered 19 brands for all of its major truck, car and van models to be displayed at NFT as virtual vehicles.
On September 19, whiskey maker Jack Daniel’s filed a new trademark application for NFT-certified media, virtual drinks, barware, apparel and digital collectibles.
Media brand Viacom International filed for two trademarks for Teenage Mutant Ninja Turtles on September 12 to expand the brand with NFT-backed media, cryptocurrency holdings and cryptocurrency transfer software, and Paramount Pictures filed for two trademarks of its own Mean Girls brand on September 9 . . similar applications.
Binance sets Guinness World Records for largest crypto exchange
Crypto exchange Binance has teamed up with Mexican agency Talent Network to break the Guinness World Record for the largest cryptocurrency lesson in the world during a class on October 7 in Blockchain Land, Nuevo Leon, Mexico.
Although only 289 people attended the 50-minute Binance session, it was enough to break the record.
Carolina Carneli, head of marketing for Binance Latin America, spoke to the participants about crypto and Web3, how they can contribute to the freedom of money, financial inclusion around the world and the benefits of blockchain.
The lesson also included an external presentation from Changpeng Zhao, founder and CEO of Binance.
The mixed event collected in-person and online attendance, but online participants did not count toward the overall standings.
Talent Network already holds two previous records: the world’s largest robotics category in 2018 and the world’s largest software category in 2019.
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Metaverse projects based on the Ethereum blockchain, Decentraland and Sandbox have responded to reports of low daily user activity on their platforms by stating that the data used was based on a “misinformation” calculation.