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🖼 Proof Collective Cancels Conference, Ruffling Moonbirds NFT Holders
Organizers of the Proof Collective’s Proof of Conference event canceled the event planned for May, citing “considerably less interest than anticipated,” according to the event’s website. Proof is a Web3 project created by Digg co-founder Kevin Rose. It’s the collective behind Moonbirds, a collection of 10,000 pixelated owl NFTs. Moonbirds is the tenth biggest Ethereum NFT project by market cap in the space, according to CoinGecko data.“As you know, in the world of NFTs, timing is everything,” the note from Proof Founder Kevin Rose and his team reads. “Today, it’s time for us to recognize that right now isn’t the right time for the Proof of Conference.”
NFTs | OpenSea | News
🔫 Metaverse to play a key role for CEOs over the next two years
Some 90% of industry leaders in Saudi Arabia and 82% in UAE believe the metaverse will play a significant role in their plans over the next two years, a survey shows. This is according to Deloitte, which released its 2023 Global Marketing Trends report. Deloitte Digital Partner, Hussein M Dajani said: "This survey provides valuable insights into the current state of marketing in the Middle East and the priorities for brands as they look to the future. We are encouraged to see a strong focus on sustainability, creative transformations, and the adoption of emerging technologies to drive growth and customer engagement.". 4% of company leaders in Saudi Arabia are highlighting their internal sustainability practices in their marketing efforts.
NFTs | OpenSea | News
🖼 NFTs will act as high-end property during boom cycles: Real Vision CEO
Real Vision CEO and co-founder Raoul Pal believes nonfungible tokens (NFTs) will act similar to “high-end property” in the traditional economy, outperforming Ether during crypto market boom cycles. In an hour-long YouTube video published on Feb. 20, the former JPMorgan executive offered a run-down of what he felt most bullish about when it came to NFTs, including key use cases for the asset class, its underlying tech and its potential performance relative to Ether. He highlighted that major collections such as CryptoPunks and the Bored Ape Yacht Club (BAYC) have become status symbols in the crypto community, much like owning a luxury house, car, or item from a famous brand that offers access to exclusive clubs or what he dubbed as “mini network-states.”
NFTs | OpenSea | News
💰 Bitcoin Ordinals NFT Inscriptions Surpass 153K: Developer Ports It to Litecoin
Ordinals on Bitcoin debuted in January 2023 and have been a hot topic of discussion since then. On one hand, people from the industry have been excited to welcome NFTs to Bitcoin. On the other hand, skeptics have been debating how Ordinals unlock a world of dangers for the Bitcoin network. Ordinal Inscriptions are quite similar to NFTs but come with a slight twist. Simply put, they are digital assets inscribed on a Satoshi, the lowest denomination of Bitcoin. The network’s SegWit and Taproot upgrades that took place to improve the privacy and efficiency of the network also opened the doors for Satoshi inscriptions. According to Dune Analytics, over 153.6k ordinal inscriptions have been created. Ordinals project to PoW blockchain Litecoin. During the weekend, Australian software engineer Anthony Guerrera posted a repository.
NFTs | OpenSea | News
🖼 Miidas NFT Reveals Mega Airdrop Reward Program
Miidas NFT, the number one Non-fungible Token (NFT) marketplace on Core DAO, has updated users about its upcoming airdrop. The “Biggest Airdrop Reward Program,” as the NFT marketplace calls it, will allow users to participate in different earning campaigns using the Miidas token. Miidas NFT shared an overview of the airdrop through a snapshot on February 18th via Twitter. NFT creators and investors stand a chance to earn rewards from various campaigns, including Sell-To-Earn and Buy-To-Earn, and earn rewards in Miidas tokens. Further, Miidas token holders are entitled to special discounts and privileges on the NFT marketplace. There still needs to be more information about the airdrop. However, the protocol disclosed in the Twitter announcement that the team would share more details on February 20th.
NFTs | OpenSea | News
🚨 Chinese Tech Giant Tencent Lays off 300 Staff From Metaverse Unit
encent one of the largest Chinese tech firms has laid off around 300 employees from its respective metaverse development teams. Tencent, well renowned for its software business, is presently abandoning its aspirations to enter the metaverse hardware sector. Local news sources report that the corporation informed more than 300 workers that its extended reality division, which was responsible for creating metaverse products, would be shut down. The corporation denied disbanding the aforementioned group but did disclose it was making personnel changes due to altered intentions. However, they scrapped the project owing to the high cost involved and the poor profitability prediction.
NFTs | OpenSea | News
📣 Dragon Ball Enters Metaverse Under Toei /Sandbox Partnership
Goku, Vegeta and the rest of the fighters from the "Dragon Ball" franchise are joining the metaverse. Late Thursday, decentralized game developer The Sandbox announced a new partnership with Japanese animation giant Toei Animation to bring its iconic intellectual property to its virtual world. The Sandbox is an Ethereum-based metaverse gaming company enabling users and brands to buy virtual parcels of "land" to create games and other experiences. The new Toei Animation partnership will add the IP to its LANDs Web3 gaming parcel. The new LANDs parcel is currently under development in collaboration with Japan-based Minto, a mascot design and marketing agency.
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🖼 NFT lending continues to rise as over 18k ETH borrowed in January
According to a new report by digital asset analytics firm eBit labs, NFT lending hit a record month in January, returning to numbers not seen since the sector’s previous all-time high in May 2022. The report used on-chain data of loans backed by Bored Ape Yacht Club (BAYC) and examined BAYCs. Furthermore, eBit labs discovered that the amount borrowed in Jan. 2023 had returned to peaks not seen since May 2022. For the first time in more than nine months, weekly loan volume totaled more than 6,000 ETH in the first week of Jan. Furthermore, the total borrowed throughout January reached more than 18,000 ETH – or $30,516,660 as of press time. the lending industry gained widespread attention as the declining floor price of BAYC sparked market pressure and heightened concerns about potential liquidation.
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⚡️ J Balvin performs his first VR concert in the Metaverse
J Balvin had his first concert in the Metaverse this afternoon on Friday, Feb. 17. He performed his songs with a 4.5 meter robotic arm that moved to the rhythm of his music. Through Instagram, Alvaro Osorio, J Balvin's father and manager, revealed the details of the performance in the Metaverse, which he claims has been "created specifically for virtual reality" as a 180-degree musical experience.
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⛵️ OpenSea Reduces Creator Earnings And Offers 0% Trade Fees
As competing marketplaces continue to erode its once-dominant user base, major nonfungible token (NFT) marketplace OpenSea announced a significant restructuring around lower platform fees and higher creator earnings. The measures include introducing optional creator earnings, a temporary 0% fee, and leniency for other operators. Nansen data show that on February 18, NFT marketplace Blur overtook OpenSea in daily Ether trading volume as users seek a trading environment that is advantageous to them in anticipation of higher returns on their NFT investments. OpenSea responded by announcing three significant adjustments in an effort to retain its customers who were migrating. The measures include introducing optional creator earnings, a temporary 0% fee, and leniency for other operators. OpenSea admitted losing users to other “NFT marketplaces that don’t fully enforce creator earnings.
NFTs | OpenSea | News
💰 Starbucks Polygon NFTs Are Already Selling for Thousands
Starbucks Odyssey, the coffee chain’s NFT-driven rewards program built on Ethereum scaling network Polygon, is still in closed beta—but early adopters are already flipping the NFT stamps for nearly $2,000 apiece. Since the beta launch of Starbucks Odyssey in December, its stamp NFTs have seen 360 total sales on Nifty Gateway's official secondary marketplace, with over $143,000 in total volume traded. That relatively low number is to be expected, considering only a limited number of users have been allowed in from the waitlist, and the company has only released four NFT drops in total. But what is surprising is the high floor price—or price of the cheapest-listed asset—of some of Starbucks’ NFTs.
NFTs | OpenSea | News
📣 phygital oblivion house intertwines nature and scenic vistas in the metaverse
Stepping into the Web3 sphere, minD Design strikes a balance between architecture and nature, and reality and imagination with its Oblivion House. Transporting their characteristic structures defined by undulating lines and futuristic finishes into the digital realm. The structure demonstrates the impact of transparency by blending symbiotically with its engulfing natural context, inviting expansive glimpses of nature inside for a unique, holistic living experience rooted in fostering the well-being of its user. House tests the extremes of the dwelling paradigm. In an openly fluid yet controlled design, the intricate structure’s waving form echoes the contours of the cliffside and emerges from a lush bed of greenery, weaving elements of plants throughout the home in continuation.
NFTs | OpenSea | News
🖼 GQ Magazine to Launch Its First NFT Collection Linked to Real-World Rewards
Men's fashion magazine GQ will release its first non-fungible token (NFT) collection that grants holders access to a magazine subscription, merchandise and live events. Titled "GQ3 Issue 001: Change Is Good," the collection is made up of 1,661 NFTs linked to one-of-a-kind art pieces created by artists Chuck Anderson, REO, Kelsey Niziolek and Serwah Attafuah. Each token allows holders to claim additional rewards such as a GQ magazine subscription, a curated GQ box of products, exclusive merchandise and a ticket to the inaugural GQ3 party in April. Holders will also have access to a special Discord channel and will receive priority access to future releases.
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🪙 Algorand Largest NFT Marketplace Rand Gallery Acquires Data Aggregator NFT Explorer
Rand Gallery, the Algorand blockchain’s largest NFT marketplace, has acquired the data aggregator NFT Explorer to expand its product offering with analytics. Rand will keep incorporating new marketplaces (like Exa) and provide transactional tools to NFTx. According to a press release, the agreement enables Rand Gallery to possess the entire vertical NFT stack as it strives to establish itself as a central hub for all NFTs, including music and gaming, as well as a trusted web3 partner for brands wanting to offer a data-driven NFT experience to their audience. Rand will keep incorporating new marketplaces (like Exa) and provide transactional tools to NFTx that will make it simple to purchase NFTs directly from a collection. Rand will meticulously integrate NFTx’s technology into his redesign in the background.
NFTs | OpenSea | News
⚡️ Web3 Job Fair Coming To a Metaverse Near You
Club Penguin, meet professional networking. In the metaverse. Really. It’s all stemming from an inaugural Web3 job fair that will be hosted in the metaverse on Feb. 16 and 17. Presented by marketing agency Hype, the virtual networking event will take place on Gather — connecting crypto firms such as BNB Chain, The Graph and DFINITY — with over 2,000 professionals indicating a Web3 interest. Attendees will be able to explore technical and non-technical roles across Web3 projects, James Ross, Hype’s managing director, exclusively told Blockworks. The job fair is open to attendees worldwide, though Hype says it is screening would-be participants prior to the event. “Companies that are sponsoring the event will be attending,” Ross said. “They’ve told us the profiles of people they want to meet and the locations they are looking to hire from, so we’re doing a bit of matchmaking behind the scenes.”
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🚨 WazirX shuts down its NFT marketplace
Indian cryptocurrency exchange WazirX has shut down its NFT marketplace, which it launched in June 2021. “The WazirX NFT marketplace has been sunseted. You can still trade your NFTs on OpenSea,” says the official website for the NFT marketplace. WazirX said that it shut down the marketplace because it failed to get much traction.“We regret to announce that the WazirX NFT Marketplace has been sunsetted. We are proud to have launched India’s first NFT Marketplace in June 2021, which showcased the work of many creators. Unfortunately, it did not gain much traction,” the company said in a statement.
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📣 NFT aggregator Blur eyes 30% price pump by March amid airdrop euphoria
Blur is a nonfungible token (NFT) aggregator that indexes digital art listings across various base marketplaces like LooksRare and OpenSea. In doing so, the aggregator allows users to trade across all NFTs marketplaces via a single interface. Since its launch in October 2022, Blur has become the leading NFT aggregator, accounting for 40%-60% of the daily NFT trading volume, according to data tracked by Messari. The period has also witnessed the Blur team "airdropping" free BLUR tokens to users who have traded Ethereum-based NFTs in the past six months. On Feb. 15, Blur officially launched its native token of the same name, allowing airdrop recipients to trade it for fiat money and other crypto assets. According to Dune Analytics, Blue has airdropped 360 million tokens across its users. Interestingly, users have claimed nearly 339 million BLUR tokens in the first six days of the launch against the 60-day deadline.
NFTs | OpenSea | News
🖼 Floki Launched NFT Sale to Support Turkey Earthquake Relief
The Floki ecosystem is added to the list of significant big shots that contributed to Turkey’s earthquake. On Monday, Floki announced an NFT sale to support earthquake relief efforts in Turkey. That featured “Turkey’s flag” in the form of 1.08 mins video and was named “Floki’s Turkey Earthquake Relief NFT”. The price of Floki NFT is about 0.05 ETH, which is currently worth around $84.85 and available on the OpenSea marketplace. On February 6, 2023, the news of the deadly estimated 7.8-magnitude earthquake that hit Turkey and surrounding countries shocked the world by reporting more than 47,000 deaths due to its catastrophic consequences. After that, Turkey and Syria’s nation split, and the victims received various forms of support from around the globe. Also, the leading cryptocurrency companies and exchanges have committed to supporting Turkey in any manner they can.
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🪙 The Sandbox Joins Toei Animation To Showcase Iconic Japanese Manga In Metaverse
The Sandbox, the metaverse gaming platform and a subsidiary of Animoca Brands, has partnered with Toei Animation to showcase the popular Japanese manga in the Metaverse. The firm will also work along with Minto. In a February 16 press release, the decentralized metaverse gaming platform The Sandbox confirmed its partnership with Toei Animation and Minto to bring the popular iconic manga into the Metaverse. Established in 1956, Toei Animation is a production company specializing in producing cultural Japanese comic books and graphic novels. The company is renowned for making the most popular comic series, such as The White Snake, Mazinger Z, and Dragon Ball.
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📣 Fly a real drone from the metaverse over Vodafone's 5G network at MWC23
Vodafone invites visitors to its stand at MWC 2023 to enter Vodafone’s metaverse and fly a real-life 5G-connected drone located in Seville 830 kilometres away using a Meta Quest Pro Virtual Reality (VR) headset. The metaverse drone is one of a series of new network Application Programmable Interfaces (APIs) being developed by Vodafone. Network APIs are a set of rules based on industry-wide open standards that allow developers to plug into and use the low-latency benefits, speed and scale of Vodafone’s pan-European 5G network – which covers nearly 350 towns and cities – through a simple and secure user interface.
NFTs | OpenSea | News
⚡️ Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused Projects
On Feb. 17, 2023, Tokyo-based Sony Network Communications announced that it is co-hosting a Web3 incubation program with the multichain smart contract platform Astar Network. The program has started accepting applications, and Sony and Astar will jointly mentor Web3 projects “focused on the utility” of non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs). Sony Network Communications, a subsidiary of Japanese technology giant Sony Group, announced Friday that the company is exploring ways to address industry issues using blockchain and Web3 technology. A Web3 incubation program is planned for mid-March to mid-June with Astar Network and Singapore-based Startale Labs to bolster relevant Web3 solutions. Startale was founded by Astar Network CEO Sota Watanabe.
NFTs | OpenSea | News
🔫 Metaverse layoffs continue to mount as Tencent dismisses 300 employees
The metaverse continues to challenge even its most committed companies as Tencent, the tech firm behind the WeChat social media platform and China’s largest company by market cap, is reevaluating the approach to its metaverse offering and scrapping plans to launch virtual reality hardware. According to a report from Reuters, the Chinese tech giant’s metaverse unit is now in cost-cutting mode amid worsening economic conditions and the broader struggles of the cryptocurrency ecosystem. Tencent launched its “extended reality” XR unit in June as part of an ambitious plans to build virtual reality software and hardware, hiring 300 people to make it a reality.
NFTs | OpenSea | News
🖼 Art Blocks and NFT Gallery Bright Moments Team Up to Bring Generative Art IRL
Generative art non-fungible token (NFT) collective Art Blocks and NFT gallery Bright Moments are creating a unique project that ties NFTs to real-life, in-person experiences for collectors. Every NFT will have a second, physical activation which can only be minted in a specific city tied to that NFT. The two companies have commissioned artist Michael Kozlowski, commonly known as Mpkoz, to release a collection for this partnership. Titled Metropolis, the body of work features generative art NFTs based on architectural influences from London, Berlin, New York, Mexico City and Los Angeles – five cities where Bright Moments galleries are located.
NFTs | OpenSea | News
📣 Rarible Aggregator Adds Support for Tezos NFTs
This Thursday, Rarible announced it has expanded to include Tezos NFT collections. Orders from Versum, objkt, FXHash, Teia, and Rarible will now be featured on the marketplace. Less than a month ago, the non-fungible token marketplace also added support for Polygon collections. According to a Thursday blog post, collectors on Rarible will now be able to access Tezos-based non-fungible tokens. The most recent expansion of Rarible’s aggregator includes collections from Versum, objkt, FXHash, Teia, and Rarible itself.The announcement also states that the decision was driven by the fact that while Tezos has proven to be one of the best blockchains for independent artists, it has so far been rather difficult to get a clear overview of its NFT offering.
NFTs | OpenSea | News
🖼 eBay NFT platform KnownOrigin launches creator smart contract
According to a Feb. 16 tweet, e-commerce platform eBay’s nonfungible token (NFT) marketplace KnownOrigin will launch creator smart contracts for its artists. With the new contract, artists can split earnings and earn royalties as co-creators. As told by KnownOrigin, users have been testing its Creator Contract beta release for the past few weeks, with 84 contracts thus far deployed and 250 editions of NFTs minted. Starting Feb. 24, all approved creators on KnownOrigin will be able to deploy and mint work on their own contract for public release. Deployment will not require coding knowledge.
NFTs | OpenSea | News
📣 New Lamborghini NFT Collection Revs Up for Release on VeVe
Non-fungible token (NFT) marketplace VeVe is teaming up with Italian car manufacturer Automobili Lamborghini to release digital collectibles of its iconic sports cars, the companies said Wednesday. The NFTs, which are set to be listed on VeVe Feb. 19, will feature the Huracán STO model with a range of rarity traits. Once purchased, collectors can showcase their NFTs in the app’s virtual showrooms, share on their VeVe social feeds, and use augmented reality (AR) to view and “drive” their car on streets in the real-world. VeVe co-founder Dan Crothers told CoinDesk that he’s enthusiastic about giving Lamborghini fans a new way to experience their favorite automobile, and hopes the collection will help onboard sports car fanatics to Web3.
NFTs | OpenSea | News
🖼 Blur Advises NFT Creators to Block OpenSea in Royalties Battle
Open war has finally erupted between leading NFT marketplaces. On Wednesday, upstart NFT marketplace Blur announced that it will enforce full creator royalties for any collection that blocks trading on dominant NFT trading platform OpenSea—a marked escalation of hostility towards the rising company’s chief rival. Blur, which launched last October, does not fully honor creator royalty settings—that means the platform does not enforce a fee (typically between 5% and 10%) that NFT creators routinely request on secondary sales of their works. Currently, the platform only enforces a 0.5% minimum creator royalty, with the option for traders to pay more.
NFTs | OpenSea | News
🖼 Moondogs NFT Goes Live on Core Mainnet, Achieves Top Rank
Moondogs became the leading NFT platform on Core chain moments after minting went live. Moments after the public mint went live on February 15th, Moondogs became the leading NFT collection on the Core chain. The NFT platform shared the milestone with its Twitter community, uploading an image obtained from Core DAO’s NFT tracker. According to data, Moondogs is now ranked above other NFTs on the Core chain, including CoreShib Club, YoungParrot Store, and EMPEROR NFTs. Moondogs achieved the feat with over 3000 transactions. Moondogs is a collection of 5555 NFTs, accelerating Web3 innovation through IP utilization and community empowerment. They represent good vibes and positivity for holders, embodying love, empathy, and compassion. Holders gain exclusive access to the community filled with endless opportunities. Interested users can participate in the NFT minting through the YoungParrot NFT Launchpad or the Moondogs official website. Further, users who mint the NFTs will be airdropped $WOOF, the native token of Moondogs, which will be launched soon.
NFTs | OpenSea | News
📊 ‘Creative Flywheel’ Delivers Highest-Ever Daily Active User Count for Roblox Metaverse
Roblox’s daily active users (DAUs) jumped 19% year over year, and 2023 is already seeing strong growth tailwinds. That’s per the company’s fourth-quarter 2022 earnings call Wednesday (Feb. 15), the results of which sent the virtual gaming platform’s own stock soaring to double-digit percentage heights. “[The year] 2022 was [one] of innovation and invention for Roblox,” said David Baszucki, founder and CEO of the company, on the call. “With 65 million daily active users in January, we are driving towards our vision to reimagine the way people come together by enabling deeper forms of expression, communication and immersion.” The virtual platform’s global player community collectively visited more than 15 million experiences within the Roblox metaverse in 2022, while developers and creators published more than 15,000 experiences each day of the year on average. To support this “creation flywheel,” the company has been investing in advancements to Roblox Studio, its development software for building and publishing 3D content and virtual assets, according to a blog post.
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📣 Kia Germany to open Metaverse dealership and host live event with ENGAGE
ENGAGE XR Holdings Plc, a virtual reality (VR) technology company and provider of virtual communications solutions in the metaverse, has recently announced its partnership with Kia Germany to open the automaker’s first flagship dealership in the metaverse. According to ENGAGE, event attendees will be taken on a virtual journey to the Kia dealership where they will have the opportunity to get a close-up view of the Kia Sportage SUV. Once transported into the space, attendees’ avatars will be able to walk through the virtual showroom where they can interact with the vehicle, experience the Kia workshop and get answers to their questions about the car. Attendees will also be able to view the latest TV spot of the Kia Sportage campaign and learn more about Kia’s contribution to a sustainable and electrified world.
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