NFT drop causes glitch in The Matrix

The creators of the well-known Baby Shark song, FTX, are launching NFTs this week. The United States has expanded NFT support to Ethereum, and more than 300,000 people are eagerly awaiting Matrix NFTs. This week, the website’s purchasing page crashed due to high demand for Warner Bros.’ Matrix NFT avatar drop on Nifty’s.

The film studio announced that it would sell 100,000 unique Matrix-inspired avatars NFTs for $50 each as a promotional campaign for the new Matrix Resurrections film. It will release theaters in the United States on December 22. After pausing the queue several times, other issues emerged, such as users bumped up or down the line, the buy button not working, and failed transactions during checkout.

 Nifty’s stated that it is still actively working to resolve the problems. It has offered every Nifty user who queued up on November 30 a free glitch in the Matrix” NFT” compensation for the inconvenience.

Tokenized Baby Sharks

Pinkfong, the creators of the wildly popular and terrifyingly hypnotic children’s song Baby Shark, releases a collection of NFTs based on the music video.

The collection includes 1/1 and five limited editions. The Baby Shark character and his five family members feature in a series of animated and holographic GIFs.

The auction and sales will take place in Makersplace on December 3. The sustainability platform Aerial will calculate and offset the carbon emissions from the sale. The starting bid for the 1/1 NFT auction is not public yet. However, the successful bidder will also receive a custom one-of-one vinyl record of the music depicted in the NFT. Through an NFT sale, a group of Masters of Business Administration (MBA) students from the INSEAD graduate business school’s Paris branch raised $3,000 for the school’s Robin Hood Scholarship fund.

Ferdinand Issels, Michelle Yu, and two other students created “Robinhood #1.”. It is a Nyan Cat-inspired NFT depicting Robin Hood riding a salamander from the school’s emblem. The project was part of a weeklong student-led fundraising campaign for the school’s need-based scholarship fund. To allow any student to participate, the NFT auctioned off in fiat currency. Graduate and Goldman Sachs banker Alberto Marega purchased it for 2,600 Euros, or roughly $3,000. It has since minted on OpenSea.