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Crypto trends DeFi NFT & More Owner : @Azukicollector
Web3 marketing firm DeForm raises $4.6 million in seed funding — link
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Uniswap labs, Paradigm et. al. win dismissal of class action suit trying to hold them liable for sales of 'scam tokens' on Uniswap AMM — link
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Investors of $PEPE were (understandably) alarmed on August 24th after millions of dollars worth of $PEPE were suddenly transferred to crypto exchanges, including Binance, OKX, and Bybit.
Thursday’s sudden surge of over 16 trillion $PEPE tokens naturally created apprehension among investors, also causing a subsequent drop in its trading price.
This strangely followed what appears to be an even more alarming phenomenon – changing the number of required crypto wallets required to “sign off” on a transaction that authorizes the crypto transaction to go through.
PEPE's multi-sig wallet previously required approval from five out of eight designated wallets (5/8 signatures) to authorize any given transaction. The threshold was reduced to just 2/8 signatures.
On Friday (Aug. 25), the official PEPE Twitter account posted a lengthy explanation, claiming that three ex-team members had stolen the funds.
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Base is the fastest growing layer 2, having gained 1 million unique addresses in 11 days — link
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Polygon Labs unveils Chain Development Kit to develop and connect Ethereum Layer 2s — link
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Governance proposal for upcoming dYdX Chain goes to Snapshot vote — link
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ZkSync Era has averaged $5.9 million in monthly revenue since March of this year; and has retained an average of 41% of it net of costs — link
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Velodrome to launch new DEX on Coinbase's Base network — link
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A federal judge in Washington D.C. has made a ruling that states copyright cannot be granted to art created solely by AI without human input.
This means only art created by humans can be copyrighted.
The case was brought to court after the U.S. Copyright Office denied Stephan Thaler's copyright requests for his AI-generated image.
The judge's explanation was that AI-generated art does not meet the necessary criteria for copyright protection, as it lacks human creativity.
With AI's growing role in art creation, copyright issues are expected to become more prevalent.
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Doodles has joined forces with Crocs to merge the physical and digital realms .
Spearheading the collection is a set of exclusive Doodles x Crocs Classic Clogs and accompanying Jibbitz charms crafted by Burnt toast, the co-founder of Doodles.
Each Doodles x Crocs Classic Clog Bundle comes with a redeemable “Crocs Box” digital collectible.
While the collection will be available to buy on August 29, Doodles’ OG holders will be granted exclusive access a day prior, on Monday, August 28.
Doodles holders will get a discounted price of $99 and the price will be $120 for non-holders.
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The Monument Game sale has officially closed, raising 1,117 ETH ($1.85M)
The Monument Game kicked off August 21 on Nifty Gateway with the sale of more than 256 “Player” tickets that enabled holders to compete for three Skulls of Luci by co-creating stories within Spratt’s new 1/1 artwork, “IX. The Monument Game,” over the course of four days. The Council of Luci will now determine the winners.
Selling out in seconds, the “Player” sale raised 696 ETH ($1.1 million), while the 1/1 artwork auction closed at 420.69 ETH ($698k) today.
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🔫 DatChat Reaches Milestone of Over 75,000 Users on Its AI-Powered Habytat Metaverse
DatChat (Nasdaq: DATS), a private messaging, social media, and metaverse company, announced today that it has reached a milestone of over 75,000 active users in its Habytat metaverse. Habytat is growing at a rate of approximately 1,200 to 2,500 new members daily and the Company's recently released AI-powered HabyPets are already receiving accelerated adoption. As of now, HabyPets has four different popular dog breeds. Coming soon is an interactive dog park. Habytat is the ultimate metaverse experience that offers a unique feature: giving users free NFT-deeded land and a house that users own and are backed by the Company’s proprietary AI and machine learning engine. Habytat’s mobile app is available in the Apple App Store and Google Play store and has been localized for Spanish-speaking countries. The virtual world has realistic art, daily rewards, games, and much more. The official in-world currency of the Habytat Metaverse, earned through participation on the DatChat Social Network+ or through the Habytat, is called Nirad. It can be used to upgrade properties and experiences throughout the Habytat.
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Base set to receive 118M OP tokens over six years in governance agreement — link
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Pepe memecoin drops 18% amid large on-chain transfers, multisig changes — link
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Base is the fastest L2 to grow to 100,000 users. This milestone was reached just 56 days after launch — link
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StarkWare just zero'd all user balances on old wallets that didn't upgrade to latest contracts — link | @belg1o
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https://twitter.com/etherscan/status/1696860005528694990
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🖼 Blue-Chip NFTs Struggle, Floor Prices Drop Over 25% in 30 Days: Report
Although the NFT market has recorded significant losses in recent months, the sector has gained adoption in several real-world use cases. Data analyzed by the on-chain analytics platform Nansen shows that blue-chip non-fungible tokens (NFTs) are struggling, and their floor prices have plunged significantly. According to the firm, the floor prices of most blue-chip NFTs crashed by more than 25% in the last 30 days. At the same time, the prices of a few collections recorded significant growth. Blue-chip NFTs are collectibles expected to have sustainable long-term value because of their cultural significance, historical trading activity, collector demand, rarity, and strong fundamentals. An NFT floor price is the lowest amount for which an asset within a collection can be bought or sold. It is updated in real-time, recorded in ether (ETH), and gives insight into the activity and health of an NFT. The past month has been unkind to top NFT collections like the Bored Ape Yacht Club (BAYC), DeGods, CryptoPunks, Azuki, Mutant Ape Yacht Club (MAYC), and Moonbirds. DeGods was hit the hardest with a 55% crash, while collections like Azuki Elementals and BAYC followed with 48% and 27% declines, respectively. The floor price of CryptoPunks recorded a minimal plunge of 4.26%. MAYC and Moonbirds also saw declines of 20% and 26%.
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Zengo adds crypto inheritance feature to its keyless wallet — link
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Sol Network Record $1.3 Million NFT Sales in 24 Hours
The Solana season is upon us as the blockchain records some mad sales volume in the past 24 hours and the seven-day sales. Apparently, more traders are participating in the network and making more sales. This is after the terrible market crash that saw Bitcoin decrease by more than 9%. Let’s jump in and see how Solana achieved these impressive feats. The Solana blockchain is seeing a massive increase in NFT sales.
Over one week, the Solana network recorded a whopping over $10 million in sales in NFTs. Moreover, this represents more than an 8% increase in the weekly sales volume. Apparently, the only place Solana is missing out is the 30-day sales volume in the NFT market. Solana and Polygon continue to battle each other over the 30-day sales volume. But it seems the Solana season is having a huge impact.
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🖼 IRS Sets Sights On Decentralized Exchanges and NFTs With Proposed Tax Rules
The DeFi community is up in arms over new tax guidance from the U.S. Treasury Department for crypto exchanges, hosted wallet providers, and payment processors. On Aug. 25, The Treasury Department released a nearly 300-page-long document in response to the 2021 Infrastructure Investment and Jobs Act, which outlined crypto token reporting requirements for various ecosystem participants. The proposed changes are slated to take effect for the 2025 tax year. The rules make an effort to provide clarity, with definitions for what businesses constitute crypto brokers as well as a new tax form, 1099-DA, that such brokers will be required to file. Decentralized exchanges (DEXs), NFT trading platforms, and wallet providers that offer services related to the trading of digital assets appear to be deemed brokers, meaning they would be required to comply with the proposed regulations. The proposed rules impose reporting requirements for brokers of all types of digital assets, including stablecoins, cryptocurrencies, and non-fungible tokens (NFTs). These intermediaries would also be required to collect and share information about their customers with the IRS.
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Disney's crypto universe expands with $40 Mickey Mouse, Yoda playthings — link
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FirstMate raises $3.75 million in Dragonfly-led round — link
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🖼 ZTX Unveils Genesis Home Mint in Collaboration with OpenSea, Revolutionizing NFT Ecosystem
ZTX, a pioneering project dedicated to creating an immersive 3D open world within the NFT ecosystem, has taken a momentous leap by introducing the Genesis Home Mint. In collaboration with the prominent NFT marketplace OpenSea, ZTX is poised to redefine the landscape of virtual experiences. This groundbreaking event is scheduled for August 30 and 31, drawing the vibrant ZTX community and creators into a realm of unprecedented possibilities. Notably, the use of Ethereum (ETH) layer two scaling solution Arbitrum (ARB) will facilitate the minting process for Genesis Home investors. NFT enthusiasts looking to purchase via the Arbitrum L2 network must seamlessly integrate Arbitrum into their wallets and bridge their ETH to Arbi ETH. The partnership between ZTX and OpenSea has garnered praise from Oliver Maroney, Head of Gaming Partnerships at OpenSea, who emphasized the potential of NFT-powered games to introduce blockchain technology to new users and catalyze evolution within the gaming industry. The ZTX Web3 platform has committed substantial resources and meticulous planning to ensure the success of the Genesis Home Mint. The endeavor encompassed two distribution phases: the pre-sale and the main sale. The pre-sale phase concluded on August 23, with all 2,000 available NFT units rapidly claimed by investors.
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🖼 Donald Trump NFTs Surge After Tucker Carlson Interview
Prices and volumes of Donald Trump’s NFT collections surged on Thursday after an interview with media personality Tucker Carlson on X, formerly Twitter, went viral - amassing 110 million views within hours of its airing. As of European afternoon hours, the Polygon-based Trump Digital Trading Cards were selling for over 0.13 ether (ETH), or just over $215, up from 0.1 ETH, or $150, last week. The collection has amassed over 17 ether in trading volume, according to data from NFT marketplace OpenSea. Trump released the collection of 45,000 fantasy cards last December for $99 apiece, featuring images of him in a style similar to collectible baseball cards. The collection has over 13,000 unique holders as of Thursday. Collectors who purchased one of the digital trading cards are automatically entered into a "sweepstakes" to receive "experiences" with Trump, including a Zoom call, a dinner in Miami, or a cocktail hour at Mar-a-Lago, as CoinDesk previously reported. The cards sold out quickly at the time. As of Thursday, data shows a wallet tagged "6D65A7" holds the highest individual Trump NFTs with 602 cards followed by 72F891 at 500 cards. Neither of the two holders has listed his or her NFTs for sale.
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Rogue Pepecoin team members blamed for $16M PEPE multsig withdrawal — link
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In terms of protocol users share %, OpenSea was able to maintain dominance (around 70% of users share for Seaport V1.5 currently) — link
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Default of tokenized loans on Centrifuge puts MakerDAO’s $1.84m investment at risk — link
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Tornado Cash founders, Roman Storm and Roman Semenov, were charged today for money laundering and sanctions violations.
According to the indictment, the founders facilitated more than $1 billion in money laundering transactions, and laundered hundreds of millions of dollars for the Lazarus Group, a North Korean cybercrime organization.
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Magnate Finance disappears with over $6 million in apparent 'rug pull' — link
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