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Crypto trends DeFi NFT & More Owner : @Azukicollector
Crypto trends DeFi NFT & More
@Crypto_Nfts_Metaverse
Owner : @Azukicollector
Bitcoin has broken $30,000 for the second time this year amid bullish sentiment in the market following a number of traditional finance players pushing further into crypto.
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Arbitrum’s TVL has been consistently higher post airdrop, reaching its peak in mid-April at $4.32 billion so far — link
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🖼 NFT Platform iBox Fined 400,000 RMB for Violating China's Anti-Unfair Competition Law
Hainan Chain Box Technology Co., Ltd, a company associated with the popular Chinese NFT (digital collectible) platform iBox.art, has recently faced a penalty of 400,000 RMB for violating China's Anti-Unfair Competition Law. The law aims to ensure fairness in business promotions, stating that the maximum value of a top prize in a lottery-style sales event should not exceed 50,000 RMB. During two promotional campaigns, Hainan Chain Box Technology Co., Ltd disregarded this regulation by offering extravagant prizes. The company's actions have come under scrutiny following user complaints about iBox.art abruptly shut down the digital collectible resale market without obtaining user consent. This move effectively blocked transactions involving collectible items. China has been closely monitoring NFTs and digital collectibles due to the potential risks involved. The Supreme People's Procuratorate of China, the country's leading legal agency, recently issued warnings about the dangers of NFTs, emphasizing the need for new legislation to govern this emerging asset class. The agency highlighted that NFTs share characteristics with virtual properties and urged caution in their trading.
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BREATHE! Convention Charts New Territory with World's Largest Communal NFT
BREATHE! Convention, a leading event in the emerging tech space, proudly announces a groundbreaking endeavor to set a new Guinness World Record with the creation of the World’s Largest Communal NFT, during its upcoming convention in Las Vegas from September 13 to 15, 2023. At the heart of this year's convention is a monumental collaborative art project spearheaded by tech industry veteran and creative thinker, Aaron Vick.
Notable events recently on the Tezos Blockchain include the artist Refik Anadol's 3D installation displayed at the MOMA in NYC, which provided viewers a commemorative NFT. BREATHE! Convention continues to build itself as the premier platform for innovators, artists, and leaders in the emerging tech space. This year's convention is committed to showcasing an exciting, historic event that will inspire, educate, and empower attendees.
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Overall volumes across Cosmos chains have been declining, with May marking the lowest-volume month of the year so far.
DEX volume on Osmosis and Canto in June has totaled $101M and $84M respectively, signalling a preference for these chains amongst traders — link
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🖼 OVAL3 Fantasy NFT Rugby Collection launches on Binance NFT Marketplace
As the Rugby World Cup approaches in September, OVAL3, which holds the official licenses for LNR and MLR, is launching its NFT collection on Binance's NFT marketplace. After the NFT frenzy in the fields of football and basketball, OVAL3 has come to fulfill the rugby fans' desires by quickly becoming the global leader in digital entertainment for this sport. OVAL3 is the web3 fantasy game dedicated to rugby and is now on the verge of launching a portion of its unique NFT collection. OVAL3 aims to bring all professional rugby clubs to the heart of Web 3.0. They want to offer supporters and players an immersive fantasy league game that combines this magical sport with NFTs. To achieve this, the company has already signed several exclusive partnerships with the french Ligue Nationale de Rugby (LNR) and the american Major League Rugby (MLR). With the official license from the Ligue Nationale de Rugby for a duration of 9 years, which covers the prestigious TOP14 and its second division PROD2, OVAL3 has associated more than 1500 players and 30 professional clubs with the project. The platform quickly gained global prominence through its partnership with the rapidly growing Major League Rugby (MLR).
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Offchain Labs unveils tool to build Layer 3 'Orbit' chains on Arbitrum — link
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Animoca Brands' Anichess secures $1.5M for decentralized chess game — link
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Puma, Gutter Cat Gang and LaMelo Ball team up to release NFT sneakers — link
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📣 Transcosmos launches a Metaverse Fan Community with QON
transcosmos inc. is delighted to announce that the company launched MINNA-NO Metaverse Community with QON Inc. (Headquarters: Minato-ku, Tokyo; Representative Director & CEO: Takashi Takeda), on June 1, 2023. As the name indicates, a metaverse fan community, MINNA-NO Metaverse Community, welcomes everyone including those who enjoy the metaverse experience every day as well as those who know nothing about the metaverse. MINNA-NO Metaverse Community opened in KIZUNA-NO Community, or community built on strong Bonds. KIZUNA-NO Community is an online fan community platform launched in January 2020, and is operated by QON. Today, more than 40 companies and local governments and over two million consumers come together on the platform, interacting on various events and activities on the theme of KIZUNA – Bonds. Members can not only enjoy collaborative plans between member companies and organizations, but also events planned based on the voice of consumers gathered through two-way communication for co-creating value.
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MakerDAO purchases $700 million in Treasury bonds, grows holdings to $1.2 billion — link
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Binance Labs, CoinFund lead $10M round for smart contract infrastructure firm Neutron — link
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Metaverse to help tackle global warming: Study
A recent study suggests that the metaverse, a virtual 3D environment where the physical and digital worlds merge, has the potential to contribute to the reduction of global surface temperatures by up to 0.02 degrees Celsius by the end of the century. Published in the journal Energy & Environmental Science, the study highlights the metaverse's ability to lower greenhouse gas emissions, decrease atmospheric carbon dioxide concentration.
The study emphasizes the potential benefits of metaverse-based remote working, distance learning, and virtual tourism in improving air quality. By reducing transportation and commercial energy usage, the metaverse can also contribute to transforming energy distribution, with a greater energy supply directed towards the residential sector.
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Arpa Network goes live on Ethereum mainnet — link
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🖼 Foundation claims to fix 'self-destruct' feature that could have wiped out its NFTs
NFT platform Foundation claims to have fixed issues concerning a self-destruct function that theoretically could have been used to wipe out all NFTs minted through its platform. "This has been fixed for contracts deployed before 3/6," said Foundation co-founder and CTO Elpizo Choi on Twitter. "Contracts deployed after 3/6 were already safe - the owner of the implementation contract was set to 0, and the contract could not have been self destructed." All NFT collections on Foundation are minted using a single deployer contract and employ a "forwarder proxy," a design feature intended to reduce transaction fees during contract deployments. This itself isn’t concerning — it’s the fact the contract contained a “self-destruct” function that posed a severe threat to all collections minted on the platform. This feature was originally meant to allow creators to destroy (or burn) their own collections if needed but it posed a risk to any NFT created with it. The concern was that, should a hacker gain control of these two keys, they could hold all the NFTs for ransom or destroy them entirely.
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Hermes wins permanent ban on 'MetaBirkin' NFT sales in US lawsuit — link
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Optimism changes name to OP Mainnet in line with 'superchain' vision — link
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Proposal urges Mantle to allocate $72 million to Lido Finance — link
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Tron founder Justin Sun unstakes $30M of Ether from Lido, sends tokens to Huobi — link
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Jack Dorsey and Spiral's Bitcoin Lightning Development Kit announces the LDK Node — link
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Wintermute backs DEX Vertex Protocol in strategic investment — link
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Solana NFT activity doubles in May — link
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Basic terms and terminologies in NFT|Metaverse
10k project
A 10k project is an NFT collection consisting of approximately 10,000 avatars. This type of NFT was arguably pioneered by the CryptoPunks collection in 2017 with many new ones following since then.
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NFT creation platform Zora launches creator-focused layer 2 — link
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OpenSea volume was below 1800 ETH on Sunday for the first time since July 2, 2021 — link
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Struct Finance rolls out customizable interest rate product for DeFi users — link
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DeFi infrastructure startup Maverick Protocol bags $9 million raise — link
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DAI’s reliance on USDC continues to fall as MakerDAO governance approves important protocol changes — link
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Tether USDT to launch on Kava blockchain — link
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