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Around The Block: January 05 Week in News

by BlockNews.com Team
January 6, 2024
in CRYPTO
Reading Time: 6 mins read
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significant impact in the past week. Our focus will be on the following developments:

  • Steamboat Willie Enters Public Domain
  • Gordon Goner Becomes a JRNY Club Member
  • Logan Paul Launches Crypto Zoo Refund Program
  • Ready Player One IP is Not Far from Becoming a Reality
  • Jack Butcher’s Checks Make their Way to BTC

Steamboat Willie Enters Public Domain

In a significant turn of events, the iconic character Mickey Mouse, in his earliest form from the 1928 short film “Steamboat Willie,” has officially entered the public domain in the United States. This development has opened up exciting opportunities for creators to freely engage with and remix this classic version without the constraints of royalties or permissions.

Furthermore, the Web3 community quickly seized the opportunity, as several noteworthy initiatives have surfaced to celebrate this cultural milestone. 

Notably, Alexander Taub crafted a Manifold edition NFT featuring a still from “Steamboat Willie.” This creation gained substantial attention, accumulating a remarkable trading volume of over 660 ETH. Additionally, mickeydeployer.eth contributed to the celebration by releasing a 2K collection PFP set on the Ethereum blockchain, achieving an impressive trading volume exceeding 330 ETH. Even Beeple marked the occasion by creating a trio of Steamboat Willies holding Bitcoin as his first everyday artwork for 2024.

It is important to note that, while the Steamboat Willie iteration is now in the public domain, any attempt to use subsequent versions of Mickey Mouse without proper authorization from Disney could result in legal consequences. So, as creators explore the possibilities offered by the new status of Steamboat Willie, it is crucial to maintain a balance between innovation and respect for existing trademarks. 

Gordon Goner Becomes a JRNY Club Member

Gordon Goner, the co-founder of Yuga Labs, has been making waves with his recent foray beyond the familiar boundaries of the Yuga Labs ecosystem. Goner’s latest move involves joining the JRNY Club as a member, a decision he enthusiastically shared on his X/Twitter account, declaring, “Easy mode is betting on quality people: JRNY Crypto.” 

Goner’s endorsement of JRNY Crypto, encapsulated in his straightforward tweet, suggests a profound confidence in JRNY Crypto and his team’s work ethic and unwavering dedication to advancing the NFT project and the Web3 space as a whole. 

The JRNY Club Pass, now proudly part of Goner’s portfolio, offers a gateway into a project that seeks to offer continuous utility to its NFT holders. The project has diversified into many streams and has showcased a heavy belief in the Otherside Metaverse.

With that being said, as Gordon Goner becomes a member of the JRNY Club, the collaborative potential between Yuga Labs and JRNY Crypto becomes a subject of considerable interest. Something worth keeping an eye on. Read more on this here.

Logan Paul Launches Crypto Zoo Refund Program

After facing widespread criticism and backlash due to the project’s failure, Logan Paul has launched a refund program for CryptoZoo, aiming to address the concerns of disappointed buyers. The move comes as a response to the fallout from the venture, which faced accusations of mismanagement and suspicious trading activities.

As part of the announcement, Logan Paul has launched a dedicated website for the $13 million Refund Program, which is set to remain open until February 8, offering eligible participants a chance to make a claim.

According to the program rules, eligible participants can get 0.1 ETH for each qualifying NFT they request a refund for. However, the conditions come with strings attached, as once your NFT is eligible, you can not move it out of your wallet. Also, if you join the refund program, you have to give up the right to any current or future claims against Logan Paul and related individuals.

Logan Paul also revealed that he is taking legal action against alleged “bad actors” whom he claims undermined the CryptoZoo project behind his back. Read more on this here. 

BREAKING: I am making your life EASIER

Here are 11 top stories from this week in under 60 seconds 🧵👇 pic.twitter.com/gzbLstWDeK

— BlockNews.com (@blocknewsdotcom) January 6, 2024

Ready Player One IP is Not Far from Becoming a Reality

In a promising development for Web3 enthusiasts and fans of the critically acclaimed “Ready Player One” universe, a groundbreaking initiative called Readyverse is on the horizon. This ambitious project, set to make its debut in 2024, seeks to transform the essence of Ready Player One into a reality.

Inspired by Ernest Cline’s celebrated 2011 novel and the subsequent 2018 film adaptation, Readyverse is positioned as an interoperable metaverse, aligning with the principles of the open metaverse. The project places a strong emphasis on key pillars such as digital ownership, community-owned infrastructure, decentralization, security, and interoperability.

As detailed in a X/Twitter post, the driving forces behind this metaverse venture are the co-founders Shara Senderoff and Aaron McDonald from Futureverse, collaborating with the visionary Ernest Cline and Dan Farah, the producer of the 2018 film adaptation. Together, they form a dynamic team with a singular goal – to seamlessly translate the rich and immersive world of “Ready Player One” from the pages of a book and the frames of a film into the interactive metaverse.

Notably, the project is quickly gaining significant attention within the Web3 community, positioning itself as one of the most eagerly anticipated launches of 2024. 

Jack Butcher’s Checks Make their Way to BTC

Jack Butcher, a prominent figure known for his unique contributions to the NFT space, has once again captured the attention of the Web3 community. This time, it is with the announcement of Checks Ordinals, a development that has set the NFT enthusiasts abuzz with anticipation.

The revelation came through X/Twitter, where Jack Butcher disclosed that last year, he inscribed 500 Checks Ordinals that are sub-20K inscriptions. Furthermore, in the announcement, Jack revealed that 250 Ordinals Checks would be gifted to creators and collectors of the original Single Checks. This airdrop is scheduled for February 8, marking the one-year anniversary of the Ordinals Checks inscription.

This announcement has caused a substantial surge in the floor price of the original Checks NFT. The floor price has experienced a remarkable uptick of almost 25%, reflecting the heightened interest and demand spurred by the introduction of Checks Ordinals.

Now, as the February 8 airdrop date approaches, the NFT community eagerly anticipates the distribution of Ordinals Checks and the unveiling of the distribution plan for the remaining pieces.

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