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Crypto trends DeFi NFT & More Owner : @Azukicollector
ZetaChain, a new Layer 1 focused on interoperability, raises $27 million — link
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Last week, DeGods volume surged to $16 mill, the highest its ever been. The previews for DeGods Season III dropped on Aug 10, causing the spike. The same day, fellow DeLabs collection y00ts announced it would be moving to Ethereum — link
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Adidas and BAPE team for ultra-limited sneakers with digital twins — link
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Zepeto, Jump Crypto raise $13 million for ZTX metaverse on Arbitrum — link
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In July, The TVL of Optimistic Rollups rose by over $692M, mostly due to a surge in OP Mainnet’s TVL as a result of Worldcoin’s launch — link
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Dinari raises $7.5M for decentralized stock trading platform — link
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This week, an unknown crypto user by the name of “nd4.eth” has garnered attention after “burning” or destroying approximately $8 million worth of crypto and high-valued blue-chip NFTs – with no explanation.
This has left the crypto and NFT communities baffled and deeply curious.
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Meme coin Base DEX RocketSwap hit by $866K exploit — link
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Gitcoin + Shell: A collaboration to accelerate Climate Solutions worldwide — link
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In July, web3 gaming investments rebounded to $297 million, with 63% funneled into infrastructure — link
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DeFi yield aggregator Zunami Protocol suffers $2.1 million loss in exploit — link
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Google and Universal Music Group are in the early stages of discussions centering around how fans can legitimately use and license artists’ voices and other soundbits for songs that are generated by AI.
These issues first came to light when an AI-generated song using the voices of Drake and The Weeknd went viral earlier this year, forcing UMG to have the song removed from streaming platforms on the basis of copyright infringement.
So far, we’ve seen AI-generated content that has used the voices of Frank Sinatra, Drake, The Weeknd, Juice WRLD, Grimes, Paul McCartney, Ice Cube, and more, who have all expressed different sentiments on having their voices used without permission.
As for this tool that is currently in the works between Google and UMG, the idea is that fans would be able to create these AI-generated tracks legitimately, where copyright owners would be paid for the use of their voice, lyrics, or other sounds.
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Blockchain technology company Pixel Vault has acquired Wolf Game, a popular web3 video game.
The deal will grant Pixel Vault exclusive perpetual rights to Wolf Game, which will be further developed by Pixel Vault on Reboot GG, in collaboration with The Shepherd and the Wolf Game team.
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Web3 ad firm HypeLab raises $4 million in round led by Shima Capital and Makers Fund — link
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DeFi remains a nascent sector, with the market capitalization of DeFi ERC-20 tokens accounting for around 6% ($14 billion) of the total ETH market capitalization (~$220 billion), and 17% at its peak in 2021 — link
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Bored Ape Yacht Club collectors sue Sotheby’s over NFTs auction
Sotheby’s was named as a defendant in a class action lawsuit filed in California last week alongside Yuga Labs, the creators of the Bored Ape Yacht Club NFTs. In the lawsuit, a group of investors claim they were misled about the NFTs, which feature colourful illustrated apes produced by an algorithm and peaked in value in late 2021. In September of that year, Sotheby’s sold 101 Bored Ape Yacht Club NFTs in an online auction for $24m against a $12m to $18m pre-sale estimate.
The lawsuit claims Sotheby’s played a part to “deceptively promote the artificially inflated” value of the NFTs. Sotheby’s endorsement of the NFTs helped Yuga Labs gain a sense of legitimacy among traditional collectors, according to the lawsuit, while attracting a younger audience.
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SwirlLend disappears with $460K in apparent exit scam on Base and Linea — link
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🖼 NFT market crash unveils tech's limitations in addressing exploitative labor practices
The NFT market continues its ongoing plunge, reminding us that we cannot trust technology to save us from the exploitative labor market. According to a report by Alchemy, NFT trading volume in July fell by 29%, compared to June, to $632 million, and token sales fell by 23% to $3.7 million. Overall, this market recorded a steep fall of 95% in trading volume from the record in January 2022, which reached $17 billion. NFT is a device whose purpose is to answer the question of what ownership looks like in digital spaces. Technically, it is a certificate of authenticity on the blockchain system, which allows those who produce it to mark a certain digital asset as unique. The token comes in the form of a cryptocurrency, and every time that coin is sold its creator is supposed to receive royalties on the sale. This is in contrast to if a painter, for example, sells an oil painting they painted, then they will only receive their share in the initial sale. If the painting changes hands and is sold to different buyers, that painter will get nothing. The relationship between the NFT market and the media was mutual. The large amount of speculative money that flowed into the field drove media interest.
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Helium Mobile debuts crypto wireless network in Miami—for $5 a month — link
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Crypto project using on-chain reputations for governance raises $2 million — link
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Sei mainnet is live after testnet sees more than 7.5M wallets created — link
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Ethereum is maintaining DeFi active users as other major chains see declines — link
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Compound becomes latest DeFi protocol to go live on Base — link
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Sei blockchain's native asset set to go live for trading tomorrow — link
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Coca-Cola unveils ‘Masterpiece’ NFT collection on Ethereum Layer 2 Base — link
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🖼 holoride, XOXNO Launch NFT Rewards to Scale In-Car XR Gaming
Extended reality (XR) vehicle entertainment system provider holoride has teamed up with XOXNO, a massive marketplace for non-fungible tokens (NFT) on the MultiversX platform. It will also host randomly-generated Skyjack characters for platform users to boost collaboration among holoride’s user base. Also, the joint effort will provide payments for buying and selling NFTs using holoride’s RIDE token. holoride will burn tokens at the end of each quarter to reduce RIDE supplies. XOXNO is the largest marketplace and aggregator on the MultiversX platform. The latter is the first blockchain protocol to merge an adaptive architecture’s state, network, and transaction-sharding aspects. For its users, they receive the top level of scalability and security for their web3 needs. The platform’s versatility, scalability, and architecture attracted holoride to pick it as its preferred supplier. The staking programme will also provide holoride users with rewards, and it plans to unlock further rewards in the coming months. NFT collection sales will also take place on the XOXNO platform, building online gaming communities and expanding holoride’s outreach in the industry.
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🖼 Illuminati Capital Eyes Web3 Games and NFT Infrastructure with New $50M Fund
Illuminati Capital has announced a new $50 million fund to be deployed in the web3 ecosystem. The venture capital firm said the funds were raised privately by the partners, who include web3 investors, a marketing expert, and an accomplished angel investor, among others. The VC’s founders previously invested in Justin Kan’s Fractal, web3 wallet infrastructure platform Web3Auth, and Cross the Ages NFT game, among others. The venture capital firm plans to invest in blockchain games, NFT infrastructure, DeFi and more. According to press material shared with NFTgators, the venture capital firm is comprised of partners of diverse backgrounds, who enable it to “provide targeted advice and actively engage with founders.” The partners individually invested a total of $30 million in different web3 projects, which grew to over $150 million, valuing the combined portfolio companies at $1 billion by the time they exited. “The possibilities of decentralized technology are endless,” commented Dhaval Parikh, Partner at Illuminati Capital and blockchain investor with over five years of experience in web3. “With a background in VC, I will focus on due diligence, risk assessment, portfolio management, and deal flow while analyzing industry trends and key ecosystem insights.”
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🖼 Cryptopunks and Blue Chips Power Top NFT Traders to Over $300 Million in Profits
In its latest NFT analysis, Coingecko details that the top traders in the NFT arena have earned between $3.3 million and $101.6 million individually, cumulatively exceeding $300 million. The report explains the strategic investment choices and collections that have fueled the success of the foremost NFT traders. Delving into the profits of the top 100 Ethereum NFT traders, Coingecko’s study discloses the most significant victors of the market thus far. This analysis focuses on traders’ realized profits, meaning the tangible earnings secured through NFT sales. To qualify for this elite list of 100, traders were required to exhibit consistent activity over the past half-year and possession of no fewer than two collections. The study illustrates that the leading NFT traders predominantly wagered on blue chip NFT collections at an early stage, an investment that has subsequently skyrocketed in value. Notably, Larva Labs’ Cryptopunks constitute an astonishing 70.6% of total profits for the top 15, followed by Art Blocks’ generative art at 12.2% and Bored Ape Yacht Club at 5.5%. Of the 15 top earners, 11 have extracted millions solely from Cryptopunks. For instance, trader 0x7eb2..3f6b clinched fifth place chiefly by selling one specific Cryptopunk to a renowned buyer. Conversely, some elite traders, such as Akira, directed their focus more towards Art Blocks.
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Ethereum DeFi dashboard DeBank launches layer-2 on Optimism’s OP stack — link
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FC Barcelona secures $132 investment for blockchain and NFT venture — link
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