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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.
NFTs | OpenSea | News
💰 Solana NFT Activity Doubles In May
Solana’s on-chain NFT activity is on the rise, producing some much-needed signs of recovery for the ailing network. According to data from Messari, the daily NFT transaction count has doubled from the start of May to sit near 60,000 based on a seven-day moving average. Meanwhile, NFT activity on Ethereum has fallen off a cliff, from more than 100,000 daily transactions in March to less than 20,000 today. Polygon is also processing around 20,000 NFT transactions each day after tagging 70,000 in February. Mad Lads is the top-trending Solana NFT collection over the past 24 hours, with more than 35,000 SOL ($525,000) in trading volume, followed by Claynosaurz and Foxbyte. The competition’s judges are currently reviewing submissions based on their business model, focus on users, creativity, use of Solana technology, and real-world applications. The 10 highest-scoring collections will emerge as finalists. Solana quickly grew in popularity during 2021 for its high speed, which it achieved at the expense of network centralization. While a wide range of hardware can validate most permissionless blockchains, hefty technical requirements resulted in Solana’s validators mostly comprising data center operators.
NFTs | OpenSea | News
🖼 German Intelligence Agency Releases NFT Collection to Recruit Talent
German Intelligence Agency Bundesnachrichtendienst (BND) has released a non-fungible token (NFT) collection to recruit talent through a gamified blockchain treasure hunt. The agency released “Dogs of BND” earlier this month, a collection of 999 generative dog-themed profile pictures (PFPs) donning cyber security-themed wearables. The NFTs can only be acquired by completing a cyber quest and locating a hidden string of characters in order to mint into the collection. According to its website, German citizens who opt to hunt for the Dogs of BND collection must locate a strong of characters (in this case, a wallet address, transaction hash, block or token number) hidden by the federal agency as a clue. Once players find the correct data, they are given access to mint into the collection. While the NFT costs less than 1 cent to mint (excluding gas fees), the collection’s floor price on secondary marketplace OpenSea is currently 0.045 ETH, or about $82. There are 999 NFTs in the collection, but only 987 are available for players to mint. The treasure hunt will end when all 987 tokens have been minted. “We are also looking for talents in the field of cyber security in the future,” the agency told BTC Echo.
NFTs | OpenSea | News
🖼 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).
NFTs | OpenSea | News
🖼 Web3 Charity Teddy DAO is Raising Money Through Daily NFT Auctions
Teddy DAO will hold daily auctions for one of its teddy bear NFTs, created by digital artist Yumi and minted on cross-chain smart contract platform Moonbeam. Auction winners can then donate the proceeds to one of 400 charities supported by JustGiving, where the crypto is then converted to fiat and donated through the platform. Teaming up with global fundraising organization JustGiving, Teddy DAO aims to utilize crypto as a funding mechanism to promote social impact worldwide. Teddy DAO eventually plans to leverage 450,000 charities supported by JustGiving as part of its mission to help solve real-world problems through cryptocurrency donations. David Chapman, founder of Teddy DAO, told CoinDesk that the project was inspired by an NFT sale he conducted last year, where he sold a one-of-one collectible and raised $15,000 for humanitarian aid organization UNICEF. He noted that this event not only highlighted the demand for NFT-backed charity donations but also indicated that the method could be used to onboard people new to Web3. Teddy DAO, a decentralized autonomous organization (DAO) registered as a 501(c)(3) organization.
NFTs | OpenSea | News
🖼 Oval3 Fantasy NFT Rugby Collection launches on Binance NFT Marketplace
After the nonfungible token (NFT) frenzy in the fields of football and basketball Oval3 has come to fulfill rugby fans’ desires by quickly becoming the global leader in digital entertainment for this sport. Oval3 is a Web3 fantasy game dedicated to rugby and is now on the verge of launching a portion of its unique NFT collection on Binance NFT. With this timely partnership, just before the Rugby World Cup 2023 in France in September, Oval3 enhances its visibility and offers its collection on one of the largest NFT marketplaces. Oval3 aims to bring all professional rugby clubs to the heart of Web3. 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). Since the opening of the marketplace on April 7, 2023, players have been able to purchase their cards through auction-style bidding on Polygon and start assembling their team of stars. In just two months, the fantasy Web3 platform has generated over $100,000 in sales.
NFTs | OpenSea | News
⚡️ Germany's Puma unveils Black Station 2 for metaverse footwear shopping
German sports company Puma has launched Black Station 2, a metaverse platform that bridges the digital and physical worlds, allowing users to purchase phygital footwear. Black Station 2 is an expansion to its initial Black Station debut last September as part of New York Fashion Week. Black Station originally launched as a dynamic and interactive destination where users could view and purchase exclusive digital collectables. The Puma community will have access to not only explore these worlds but gain access to never-seen-before phygital footwear. The first world, Unkai, is inspired by the Japanese city, Shibuya, whose bright colours and energetic elements translate directly onto the footwear. Unter, the second world, is inspired by Berlin’s club culture with design elements that reflect the underground club scene. Throughout Black Station 2, Puma Pass NFT holders—previously called Nitro Collection—will have the option to purchase a Materializer NFT (‘to-be-produced’ physical) and/or Digital Collectible NFT. A maximum of 4,000 of each NFT will be available to purchase throughout the week.
NFTs | OpenSea | News
🖼 The Potential of NFTs and the Metaverse 'Remain Vast and Largely Untapped' Says Peer Inc CEO
According to Tony Tran, the chairman and CEO of Peer Inc, the cooling interest in non-fungible tokens (NFTs) and the metaverse particularly by corporations and tech giants like Meta does not signal their end but instead “it reflects the natural cycle of innovation.” In written answers to questions from Bitcoin.com News, Tran, whose firm is behind the 3D social networking app Peer, insisted that such a downward trend is commonly experienced by early adopters of new technologies. Tran also attributed the public’s seemingly limited interest in NFTs to ignorance and their lack of “tangible utility.” However, Tran also argued that these barriers can be overcome by doing a “better job educating the public on the value of digital ownership and the broad potential applications for NFTs.”. Concerning the sudden rise in the popularity of Bitcoin ordinals Tran said while appreciates the debate, his focus “is less on a binary ‘yes or no’ to Bitcoin NFTs, and more on how we can use blockchain technology to provide value to people.” The CEO also told Bitcoin.com News that he believes the metaverse could just be “the beginning of a new era of digital interactions.”
NFTs | OpenSea | News
📣 India's metaverse platform Bharatmeta receives global recognition at VivaTech in Paris
India is poised to become a major player in the metaverse technology landscape, as showcased by Kiya.ai, an India-based company specializing in Artificial Intelligence and emerging technology solutions. At the prestigious VivaTech event held in Paris 2023, Kiya.ai unveiled its version of the metaverse called Bharatmeta, making it the first of its kind from India. The demonstration took place at the India Pavilion during the event ‘VivaTech’ , which is recognized as Europe's largest annual technology and startup gathering. With a presence in 12 global offices, Kiya.ai serves more than 550 enterprises across 56 countries, including South-East Asia, Africa, the Middle East, Europe, and North America. While talking to ANI, Rajesh Mirjankar, the Managing Director and CEO of Kiya.ai, explained that while existing global platforms primarily focus on gaming and virtual goods, his company's emphasis is on enabling the commerce of both physical and virtual products. This unique approach allows real businesses to embrace metaverse technology and leverage its potential. The metaverse refers to a multi-dimensional digital space that employs virtual reality and augmented reality to provide lifelike experiences to users online.
NFTs | OpenSea | News
🖼 Sound.xyz Minted 150,000 Music NFTs, Impressive Start On Optimism
Sound.xyz is tuning in with the major Layer 2 scaling solution, Optimism, to address important Web3 industry challenges, such as high gas prices and sluggish transactions connected with Ethereum’s mainnet. The music NFT platform Sound.xyz has acknowledged Vitalik Buterin, a co-founder of Ethereum, with a Eurodisco dance tune nicknamed “V-Buterin.” Importantly, the music is free to listen to till June 19 at 7:00 p.m. Sound.xyz, a Web3 music portal, provides it as a free-to-mint NFT for interested investors and NFT aficionados. According to Dune analysis, since the announcement of Optimism’s debut on June 13, the music NFT distribution network Sound.xyz has minted more than 150,000 music NFTs on Optimism this month, which is about the same as the number of music NFTs minted on Ethereum over the last year. The majority of the mining comes from the V Buterin track NFT published by Optimism Collective. Sound.xyz achieves a phenomenal 90% decrease in gas expenses by using the Optimism Layer 2 technology, which is a major success given that the rates have often surpassed the cost of the music. Moreover, as a result of this collaboration, transaction speeds on the music-centric NFT marketplace have increased sixfold.
NFTs | OpenSea | News
🖼 Nike’s Airphoria NFT Sneaker Hunt Takes Over Fortnite
Nike, the global footwear and apparel giant, has recently hinted at the possibility of releasing a collection of sneaker non-fungible tokens (NFTs) in the widely popular online game Fortnite. This move would present a potentially massive opportunity for Web3 adoption by traditional gamers, given that Fortnite has had more than 242.9 million active players over the past 30 days, according to Active Player. The announcement was made on June 16 across Nike’s social media channels, stating that the “ultimate Sneakerhunt begins” on June 20. The accompanying video features Fortnite’s logo and Nike’s Air Max logo front and center amidst a backdrop of floating clouds in the sky. Then, the video transitions to reveal the name of the sneaker hunt, “Airphoria,” followed by Nike’s logo for its web3 platform.SWOOSH alongside the logo for Epic Games’ Unreal Engine. Details are currently scarce, but members of the NFT community speculated that Nike may have built an NFT-related game using Fornite Creative 2.0, which essentially enables users to create their virtual island game maps using Fortnite assets.
NFTs | OpenSea | News
🪙 TRON Builds on its Blockchain Origins with New Metaverse-Focused Mission, Vision, and Values
TRON unveiled its new mission, vision, and values at its annual internal conference last week. Founder Justin Sun delivered a speech outlining TRON’s ongoing commitment to honoring its original goals, to innovating with real-world solutions, and to empowering decentralized commerce and community for every person on the planet.Sun said TRON’s new mission is to build a Metaverse free port, coupled with TRON’s vision to enable global economic inclusion for all 8 billion people on Earth. TRON will focus on earning trust from users while growing in trustworthiness with regulators in every context where services are offered. Now with the second most total value locked (TVL) among all blockchains, the network has the most daily active users and the most daily active transactions, with more than 166.58 million total accounts and more than 5.85 billion transactions since inception. TRON aims to build a comprehensive ecosystem that caters to the needs of its users and contributes to the growth of the industry. With a focus on creating a metaverse free port and ensuring the inclusion of the eight billion people worldwide into the digital age, TRON is determined to make a significant impact on the global digital economy.
NFTs | OpenSea | News
🖼 FEWOCiOUS and Adidas Team Up on Digital and Physical NFT Sneakers
Non-fungible token (NFT) artist FEWOCiOUS has teamed up with Adidas Originals on a new digital NFT release linked to real-life sneakers. According to the drop's website, the Adidas Originals x FEWOCiOUS collection is a "harmonious collision of perspectives" that includes an NFT and an artist-designed physical Adidas Originals Campus 00’s sneaker. Beginning on June 22, a supply of 4,500 Trefoil Flower Mint Passes will become available for mint on OpenSea. The presale release will be segmented into allowlist tiers. Tier One will give early access and a discounted price to holders of at least one ALTS by Adidas NFT with DECOS ALT[er] Ego, ALTS by Adidas NFT with SOLES ALT[er] Ego or FEWOCiOUS x FewoWorld: Paint Drops NFT. Tier Two will give presale access at regular price to holders of at least one ALTS by Adidas NFT ALT[er] Egos and all FEWOCiOUS NFT Holders. Tier Three is for any holder of at least one NFT from Gmoney's Admit One, Bored Ape Yacht Club, Doodles, Inhabants: Generative Identities or Farokh's Rug Radio collections. The public sale of the mint passes will begin at 2 p.m. ET and will be priced at 0.25 ETH.
NFTs | OpenSea | News
⚡️ Alpha Metaverse Announces Planned Name Change To AlphaGen Intelligence Corp.
Alpha Metaverse Technologies Inc. (CSE: ALPA) (OTC: APETF) (FRA: 9HN0), (“Alpha” or the “Company”), is pleased to announce that it plans to change its name from “Alpha Metaverse Technologies Inc.” to “AlphaGen Intelligence Corp.”, and its ticker symbol from “ALPA” to “AIC”, subject to the approval of the Canadian Securities Exchange (the “CSE”). The Company expects the name and ticker changes to take effect on June 14, 2023. Alpha Metaverse Technologies Inc. (CSE: ALPA) (OTC: APETF) (FRA: 9HN0) is a publicly traded company, holding a portfolio of assets in metaverse, gaming and generative AI. Operational units include: Shape Immersive, a full service metaverse studio building the future of web3 gaming and virtual retail experiences for Fortune 500 companies and beyond through 3D, NFT, XR and game production; MANA, a custom-built SaaS solution and innovation lab that empowers partner companies to level up their community engagement by launching their own gaming platforms; GamerzArena, a gaming platform that provides an esports ecosystem for all gamers. The platform provides video game contests for top titles where gamers can compete for cash and prizes.
NFTs | OpenSea | News
📣 Global Metaverse in Education Market Size worth $19.3 billion by 2028, growing at a CAGR of 37.7%
The global Metaverse in Education Market size is expected to grow from USD 3.9 billion in 2023 to USD 19.3 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 37.7% during the forecast period, according to a new report by MarketsandMarkets™. In the metaverse, teachers can design interactive simulations and games that let students experiment and explore in safe environments. As students can interact with virtual content at their own pace and dig deeper into subjects that interest them, the metaverse offers a more individualized learning experience. Such factors are boosting the adoption of the metaverse in the education market. Moreover, the metaverse can be used for professional development and training purposes is also driving its adoption across corporate users. Metaverse helps elevate online learning by allowing students to study whenever and wherever they want. Therefore, they are free from compromising their mental health to upgrade their skills while managing a busy schedule and financial concerns.
NFTs | OpenSea | News
📣 FIFA Files Metaverse-Related Trademarks
FIFA, the international governing body of soccer, has submitted trademark applications regarding the metaverse as part of its “WE ARE” initiative. In a display of its expanding interest in virtual reality (VR), the Federation Internationale de Football Association (FIFA) has filed for trademarks across nine additional categories. The recently revealed trademarks, shared on Twitter by intellectual property attorney Mike Kondoudis, highlight FIFA’s growing emphasis on using VR in gaming, fashion, and entertainment. The trademarks serve to safeguard a diverse array of potential online services. They encompass various possibilities, ranging from personalized fitness coaching sessions to captivating laser displays, musical performances, and even live streaming of sporting events. One of FIFA’s earlier endeavors within the metaverse realm involved the creation of a virtual replica of Qatar’s Lusail Stadium, purposefully constructed for the World Cup, enabling viewers to enjoy the tournament from the comforts of their homes. In conjunction with the luxury Swiss watch manufacturer Hublot, the 2022 FIFA World Cup organizers collaborated with the metaverse platform Upland to develop unique virtual experiences and digital assets.
NFTs | OpenSea | News
🖼 Fortnite's Collab With Nike's NFT Platform Doesn't Include In-Game NFTs
Unveiled today, “Airphoria” is a Nike-branded experience within Fortnite’s Creative Mode, letting users go on the “ultimate Nike sneakerhunt” within a Fortnite game world. The experience, which will be live in the game until June 27, can earn players a free in-game “back bling” or avatar accessory styled like a classic pair of Nike Air Max sneakers. But the free item isn’t tokenized as an NFT, nor are there any apparel or accessory NFTs included in this collaboration. While the .Swoosh connection suggested a potential move into tokenized digital items for Fortnite. “The connection between Fortnite and Nike doesn't integrate any NFTs or digital item trading marketplaces into the Fortnite world or its economy,” an Epic Games spokesperson told Decrypt. “Items recognized across these two ecosystems are purely for the enjoyment of the purchaser, and aren't tradeable, transferrable, or sellable, as has always been the case in the Fortnite economy.” Even so, the promotion ties into Nike’s NFT-driven .Swoosh platform, which is built on Polygon, an Ethereum scaling network. Each .Swoosh user is granted a .Swoosh ID for signing up, and it's represented by an NFT minted on Polygon. As an official Fortnite disclaimer mentions, users must connect both .Swoosh and BitGo accounts to earn the achievement.
NFTs | OpenSea | News
🖼 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.
NFTs | OpenSea | News
📣 Skoda Auto forays into NFTs with Skodaverse India
Carmaker Skoda on Tuesday revealed its first Web3 foray in the form of non-fungible tokens (NFTs) with Skodaverse India. Users will be able to buy, trade, and engage with NFTs in the Web3 environment in Skodaverse. The carmaker will be pursuing the project along with NEAR protocol, a decentralised application platform and competitor to Ethereum. Skoda is also consulting with blockchain consulting firm Antier to create unique NFTs. Each NFT is set to unlock exclusive experiences for its users, NEAR said in a blog post.Christian Cahn von Seelen, Executive Director of Sales, Marketing and Digital, Škoda Auto Volkswagen India, sees Skodaverse as a dynamic hub for connection and creativity."It also showcases our commitment to sustainability and innovation through leveraging carbon-neutral blockchain technology that enables secure, transparent, and decentralised transactions," Seelen said.Users can sign in, create, maintain their profiles, and monitor for updates via Škodaverse India’s Discord, Telegram, and Twitter, the companies said.
NFTs | OpenSea | News
🖼 New ‘Ethscriptions’ NFT Protocol Hits 30k Mints and Counting
Emerging digital asset and NFT protocol ‘Ethscriptions’ is now in the limelight. Snatching inspiration from Bitcoin Ordinals but with an Ethereum-based twist, this marvel of code craft witnessed an overwhelming response, with its first batch of 10,000 assets ‘Ethereum Punks’ being claimed almost instantly. High demand momentarily crippled the API interface of Ethscriptions’ official website. However, these technical issues didn’t prevent it from hitting the notable milestone of 30,000 mints within just 18 hours of going live. Although Ethscriptions is already receiving a notable amount of attention, questions are being raised regarding whether or not it will rapidly rise like Bitcoin Ordinals. In just half a year, Bitcoin Ordinals witnessed a total of inscriptions skyrocket from nothing to a mind-boggling 10 million. The protocol’s fame was spurred by Web3 fanatics’ fascination with being able to mint on the Bitcoin network using the BRC-20 token standard. The streamlined and state-of-the-art approach of the NFT protocol Ethscriptions carving an even greater niche is likely. The tool opens up inspiring avenues for the frontiers and collectors of blockchain-based collectibles, with alluring prospects ahead.
NFTs | OpenSea | News
📣 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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⚡️ Tuwaiq Academy launches metaverse training camps in Riyadh
Tuwaiq Academy has opened registration for the Metaverse Academy camps for students in Riyadh. The camps, the first of their kind in the Middle East and North Africa, will be held in partnership with Meta and will teach trainees to build and develop metaverse systems. Three educational tracks will vary in duration, with one-day, four-week and nine-month options available, and will be held at the academy's head office in Riyadh. The second track, a four-week course, will allow trainees to develop their skills in metaverse technologies using Meta Spark software. The third track is an intensive nine-month program that will immerse trainees in the world of the metaverse by offering experience as a developer of 3D immersive real-time applications and creating AR effects using Meta Spark Studio. The Tuwaiq Academy has partnered with multinational corporations including Google, Amazon, IBM, Cisco, Apple, Alibaba Cloud, Oracle, Microsoft, Trend Micro and Offensive Security to launch training programs. More than 3,000 people benefit from the Tuwaiq Academy through camps.
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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. Fengqi You, a professor in Energy Systems Engineering at Cornell University, explains that the study aims to understand the energy and climate impacts of this technology and uses rigorous systems analytics to analyze statistical significance, potential pathways, and available data.
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🖼 Salesforce Ventures Lead $6M Seed Extension Investment in NFT Intelligence Firm Mnemonic
Mnemonic offers NFT data, analytics and insights to help developers and enterprises create Web3 products via its APIs. NFT data firm Mnemonic has secured a $6 million seed extension round led by Salesforce Ventures. Other participants of the fundraiser include Polygon Ventures, Orange DAO, FIN Capital, and FJ Labs. The latest capital infusion will be deployed to accelerate the product roadmap of Mnemonic amid rising demand for deeper on-chain insights by expanding the suite of APIs. Mnemonic’s CEO and Co-founder, Andrii Yasinetsky, revealed that the capital funds the company’s “ambitious vision to unlock Web3’s full potential” to drive “exceptional experiences, personalized rewards, and sticky communities for enterprises of all sizes.”. As part of the deal, Salesforce plans to tap Mnemonic’s technology to power its Web3-related CRM products in a bid to assist customers in making better data-driven decisions on critical aspects such as partner selection, Web3 product pricing, and audience targeting for airdrop. The funding follows Mnemonic’s announcement of Polygon and Optimism support. The NFT intelligence provider also added support for Coinbase’s Base testnet.
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🖼 The $11M NFT Auction and Snoop Dogg’s Evolving Collection
Sotheby’s held a live auction of NFTs from its “Grails” collection, made up of high-value NFTs seized from bankrupt crypto hedge fund Three Arrows Capital. The sale featured hotly-anticipated works like Dmitri Cherniak’s “The Goose” and brought in almost $11 million. Snoop Dogg released a dynamic NFT collection tied to his upcoming music tour while the ApeCoin community debated whether it made sense to pay each of its Special Council members $20,833 a month. Auction house Sotheby's concluded a spirited live auction of NFT artwork seized from bankrupt crypto hedge fund Three Arrows Capital (3AC), this time bringing in over $10.9 million in sales. Dozens attended the live auction that took place in New York and included pieces from the "Grails" collection. In total, there were 37 works from generative artists like Dmitri Cherniak, Tyler Hobbs, Snowfro and more. The auction comes at a time of slower movement in the NFT market and smaller-figured sales of blue-chip NFTs compared to the height of the NFT boom. The impressive sales figures suggest that collectors still have an appetite for high-end digital collectibles.
NFTs | OpenSea | News
📣 Puma expands metaverse offer with Black Station 2 launch
Puma is growing its Black Station metaverse destination with an “immersive digital retail experience” that sees it reimagining omnichannel shopping through the metaverse platform and pushing it to become more mainstream. It’s now launched Black Station 2, a new metaverse platform that “bridges the digital and physical worlds, allowing users to purchase phygital footwear”. The original Black Station only debuted last September during New York Fashion Week. The first ‘world’, dubbed Unkai, is inspired by Japan’s Shibuya, “whose bright colours and energetic elements translate directly onto the footwear”. Unter, the second world, is inspired by Berlin’s club culture with design elements that reflect the underground club scene. The first footwear release will be the Fast-RB that features four “optimally placed Nitro pods and three PWRPlates, delivering a unique bouncy running sensation unlike anything else on the market”. Throughout Black Station 2, Puma Pass NFT holders will be able to buy collectibles linked to its “to-be-produced”.
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📣 Fashion Brands Still ‘Nervous’ to Set IP Loose in Metaverse: BNV CEO
Fashion houses may be clamoring to launch metaverse and Web3 projects, but not all of them are enthusiastic about the collaboration that comes with the space. Brands are concerned about protecting their intellectual property (IP) in the digital world, BNV founder and CEO Richard Hobbs told Decrypt in an interview at this year's NFC Lisbon, but they need to embrace co-creation with users. Allowing the same thing to happen in the metaverse could be an opportunity for both the original brand and the creator alike, he argued, giving designers free rein to play with existing styles while brands earn royalties from the altered items. The concept is also scalable online in a way it would not be in the real world, he said. “I don’t need to sell one, I can sell 50 or 100 or 1,000.” “Most people have invested a lot of their own personal time and ideation into what [their brand] is,” he said. “When you’re used to designing a collection [...] it becomes very personal.”. But he was confident that by seeing how co-creation could work.
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📣 Rocky Horror Show NFT collection to drop in June, metaverse in the works
The Rocky Horror Show has been performed in over 70 productions worldwide. It got even more acclaim when in 1975 it was adapted into a film called “The Rocky Horror Picture Show,” which has since achieved cult status. The film starred Tim Curry as the cross-dressing mad scientist Dr. Frank-N-Furter, with Susan Sarandon and Barry Bostwick playing a young couple in love, Janet Weiss and Brad Majors, respectively. Peter Hinwood played the titular Rocky. The first collectible, dubbed the TimeWarp NFT, will drop next Monday at 8 am ET and feature the classic bloody font logo of the show’s title sequence, according to a press release. It will be priced at 0.1 ETH (about $175 at the time of publication). “Holders will each receive a total of 10 single edition NFTs: Frank-N-Furter, Magenta, Riff Raff, Columbia, Janet, Brad, Rocky, Dr. Everett Scott, Eddie and The Narrator. These will be launched on the Polygon network and airdropped to TimeWarp owners,” the release said. The release also told customers that anyone who buys one of the 50 NFTs in the collection will be entitled to a free character pack.
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📣 Celio India enters Metaverse To launch their exclusive collection With Emiway Bantai
Celio has announced its grand entry into the Metaverse with the iconic Mumbai-based rapper Emiway Bantai, launching an exclusive collection. This partnership combines Celio's expertise in fashion and Emiway Bantai's musical prowess to create an exclusive collection inspired by Emiway's latest album, ‘King Of The Streets’. In this Metaverse by Celio X Emiway Bantai, consumers can experience a dynamic digital universe where one can view the exciting new collection launched. The unique digital experience allows users to become familiar with the Metaverse firsthand, and shop an exclusive collection, all while bringing music and fashion together under one (online) roof.The Celio X Emiway Bantai exclusive collection is a fusion of streetwear and urban fashion, showcasing trendy designs and unique graphics inspired by the brand’s style and Emiway's artistic vision. From stylish tees to shirts and bottomwear that reflect the urban aesthetic, this collaboration presents an opportunity for fans to connect with Emiway's music in a tangible and fashionable way. In anticipation of the launch of his album and the new collection, Emiway Bantai said, “King Of The Streets released recently.
NFTs | OpenSea | News
🖼 Illuminate.Art To Sell NFT Celebrity Portraits by David Christopher Lee.
June 1st, Los Angeles - Renowned photographer David Christopher Lee announced the sale of celebrity portraits of Lady Gaga and Snoop Dogg as digital collectibles on the newly launched Illuminate.art. Collectors will be able to purchase these NFTs on June 1st through Illuminate.art's user-friendly platform, which accepts credit card or cryptocurrency. Throughout the month of June, David Christopher Lee will be partnering with Illuminate. The NFT collection will be connected to unique opportunities for the collector. Digital collectors can purchase a self portrait of David Christopher Lee that is tied to a photoshoot with the master photographer. Throughout the month of June, four digital collectibles of celebrities will be tied to access to four different portraiture classes taught by David Christopher Lee. Collectors of four David Christopher Lee celebrity portraits will also receive an invite to an exclusive Hollywood red carpet celebrity event through a collaboration with Hollywood Film and Television Producer and Actress Darcy Donavan.
NFTs | OpenSea | News