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📣 Avalanche Foundation Has Launched an NFT Initiative
Avalanche Foundation has begun a new mentoring program for digital artists, and Ticketmaster has unveiled a new function that enables performers to give NFT holders gifts. By specialized mentoring, financial assistance, and DAO curating of Avalanche art, this innovative program seeks to promote the expansion of the Avalanche NFT. According to Avalanche, the Avaissance endeavor will consist of two phases. About fifty digital artists will receive funding, mentoring, and virtual workshop sessions through the initiative’s first component, the Artist in Residence (AIR) program. NFT collections from each artist will be made available on the Avalanche blockchain. Avalanche NFTs are expected to experience a Renaissance as a result of Avaissance, inspiring creativity and accelerating the ecosystem’s growth. The speed, dependability, and affordability of Avalanche make it easy to create and collect NFTs, which is already very advantageous to artists. Avaissance wants to advance Avalanche NFTs even further.
NFTs | OpenSea | News
📣 Pussy Riot Protest Art NFT Triggers Russian Criminal Charges
The Russian government has cited an NFT as evidence for criminal charges against Pussy Riot relating to “hurting the religious feelings” of the people of Russia, according to a press release issued by the group on Wednesday. Artist and activist Nadya Tolokonnikova, better known as the face and voice of Russian feminist protest and performance art group Pussy Riot, has been added to a list of wanted individuals by the Russian Interior Ministry, the Associated Press reported. Citing Russian news outlet Mediazona—an independent news service and media outlet that Tolokonnikova co-founded—the wire service noted that offending religious citizens became a criminal offense in Russia after a Pussy Riot protest in 2012. The Associated Press said that it reviewed the entry for Tolokonnikova in the Russian Interior Ministry database.
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🖼 Vivienne Tam’s First NFT Dress Struts Around Metaverse Fashion Week
Vivienne Tam, the revered Chinese American fashion designer whose first-ever piece of virtual couture is currently making waves on the virtual runway in Decentraland. The piece, a virtual qipao dress digitally embroidered with the likenesses of three avatars from the popular Bored Ape Yacht Club NFT collection in a mandala pattern, is a one-of-one NFT, meticulously designed by Tam with the technical assistance of digital fashion platform Brand New Vision (BNV). The dress marks Tam’s Web3 debut. For over 30 years, she has designed provocative, exclusively physical fashion pieces known for their distinctive East-meets-West style. A number of them feature in the permanent collections of such institutions as the Andy Warhol Museum in Pittsburgh and New York’s Fashion Institute of Technology. She's also displayed physical Bored Ape-imprinted apparel on real world runways.
NFTs | OpenSea | News
🖼 Ticketmaster Debuts NFT-Gated Ticket Sales, Starting With Avenged Sevenfold
Ticketmaster announced today that the Ethereum NFT token-gating feature is live for artists, and it was developed in partnership with popular metal band Avenged Sevenfold, which has its own Deathbats Club NFT collection and tested the token-gating feature ahead of the full rollout. Within Web3 communities, NFTs have been used as access passes for digital spaces and live events alike, serving up perks for holders. Now ticketing giant Ticketmaster may bring token-gating to a much larger audience with the launch of a feature that lets artists offer up special access to concert and event tickets for eligible NFT owners. In Avenged Sevenfold’s case, owners of the 10,000 Deathbats Club Ethereum NFTs were offered early access to buy tickets to the band’s upcoming New York City and Los Angeles arena shows in June. Frontman Matt Sanders—who goes by M. Shadows—said that about 1,000 total tickets were purchased between the two shows with the NFT-gating feature.
NFTs | OpenSea | News
📣 Walmart winds down Roblox play as metaverse lands in privacy crosshairs
Marketers’ excitement over the metaverse has been, in large part, a demographic-driven story. Gen Z and Gen Alpha have flocked to multiplayer online games including Fortnite, Minecraft and Roblox for entertainment while spending less time with traditional ad-supported media. The metaverse has been positioned as a bridge to reach these elusive young groups where they’re already spending their time. Many branded metaverse activations have manifested as custom worlds like Walmart’s Universe of Play or Nike’s Nikeland, also on Roblox. Metaverse marketing’s focus on engaging teens has resulted in calls for closer privacy scrutiny that could throw some cold water on the hype.
NFTs | OpenSea | News
📣 Disney Eliminates Its Metaverse Division as Part of Company’s Layoffs Plan
The Walt Disney Company (NYSE:DIS) began laying off thousands of employees to cut costs. Among those caught in the layoffs are employees from the division that were working on the company’s metaverse strategy. Furthermore, Disney fired the 50-person strong next-generation storytelling and consumer experiences unit. According to a report by the Wall Street Journal, the employees of Disney’s metaverse division were fired in the first round of layoffs. The layoffs are part of a broader restructuring plan, which seeks to reduce the company’s staff count by 7,000 over the next couple of months to cut operating costs. The company took the decision to sunset the metaverse division as it addressed many challenges. They are issues posed by economic headwinds and growing competition from rivals in the streaming space. The company could save more than $5 billion from the restructuring plan. News of the layoffs lead to a 1.5% increase in the company’s share price on 27 March.
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📣 Amazon could launch an NFT marketplace as soon as April, according to sources
Rumors that Amazon is planning on launching its own non-fungible token (NFT) marketplaces have received additional confirmation based on a Friday email received by Nikhilesh De, CoinDesk's managing editor for global policy and regulation, which appears to confirm the existence of digital tokens and a gallery on the e-commerce platform. According to a report from CoinDesk, De received a confirmation email after an Amazon Prime Video channel subscription was automatically renewed. This simple email is packed full of details, including the fact that Amazon will be supporting NFT technology, has a dedicated support team to help answer any questions, and will be allowing users to sign up as NFT creators and re-sellers.
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🖼 ApeCoin Community Revolts Against Proposed NFT Collections
ApeCoin Community has voted on a proposal regarding the creation of a new NFT series, with the proposal ultimately being rejected. The proposed NFT collections, ApeCoin Armory Club and ApeCoin Pet Club, were designed to have 20,000 NFTs each. The NFTs would have been distributed for free to the crypto community, with the estimated cost of $168,000. Despite the rejection, the proposal showed great potential for the NFT collections. The multi-link nature of the collections could have created opportunities for them to be linked with other NFT and metaverse projects such as Otherside, Decentraland, and The Sandbox. This would have allowed the collections to appear in the 3D worlds of other metaverse projects. The full proposal showcased images of the NFTs, with the ape logo appearing on a shield. The proposal also included images of the pets that would have formed the ApeCoin Pet Club. The proposal suggested that all NFTs from both collections would have been unique in their own way, some with more rare features.
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📣 Elite NFT CryptoPunk Accidentally Destroyed by Owner
The painful accident triggered yet another round of discussion about the UX/UI issues of modern Web3 services. Some of them can be too tricky even for cryptocurrency experts.Today, on March 25, 2023, cryptocurrency user Brandon Riley, holder of Bored Ape Yacht Club (BAYC) and Bitcoin Ordinals top NFTs, announced that he destroyed another gem CryptoPunk #685 by accident.Yesterday he decided to borrow money using his CryptoPunk as the collateral. However, being unfamiliar with the details of usage of proxy contracts, he approved sending his NFT to a burn address. He admitted that he had no experience working with wrapped NFTs before.With a slice of irony, he asked NFT creator Yuga Labs to send him the corresponding token from their another collection that was launched in 2017 before the NFT euphoria started.
NFTs | OpenSea | News
🆘 Scam Alert: Fake ChatGPT NFTs Promoted on Twitter
Last week, a suspicious Twitter account started aggressively promoting a very eccentric offer. Allegedly, all OpenSea users can create "living NFTs" they can talk to for just $470. Starting from March 2, 2023, an anonymous Twitter account that calls itself "ChatGPT" — just like the mainstream chatbot by OpenAI that triggered the "AI mania" in December 2022 — is offering its 13,000 followers to mint unusual NFTs. Allegedly, everyone can get what is promoted as the "first living AI-powered non-fungible token." As per the statements of the project, such NFTs are backed by "Optimus ChatGPT" technology and can interact with humans.The Twitter account of the mint is promoted by thousands of aggressive bots sharing their excitement in comments and replies. The account posts mint announcements every four hours, and every time it offers a new price for one NFT, between 0.1 and 0.3 Ethers (ETH).
NFTs | OpenSea | News
🖼 Galaxy Thinks Bitcoin NFT Market Has Positive Outlook To Hit $4.5 Billion By 2025
Galaxy Digital estimates that the market for Bitcoin NFTs based on inscriptions and ordinals will be worth $4.5 billion by 2025. Galaxy researchers investigated the potential expansion of Bitcoin NFTs and generated conservative estimates based on the existing size of the Ethereum NFT market. Galaxy estimates that Bitcoin NFTs might still attain a market worth of $1.5 billion. Galaxy researchers examined the potential expansion of Bitcoin NFTs in a new analysis published on March 3 and generated conservative estimates based on the present size of Ethereum’s NFT market and its growth rate over the previous several years. According to Galaxy’s baseline estimate, if Bitcoin NFTs can grow to mainstream NFT cultures such as PFPs (Profile Pictures), memes, and utility projects, the market valuation should reach $4.5 billion. Based on the firm’s investigation, the report gave three distinct market cap estimates, spanning a bear case, base case, and bull case scenario.
NFTs | OpenSea | News
⚡️ Zuckerberg’s metaverse vision is “validated by generative AI race,” expert claims
Mark Zuckerberg’s grand vision of a metaverse is “validated” by the current generative artificial intelligence (AI) race brought on by the popularity of OpenAI’s ChatGPT, an expert has claimed. It comes as metaverse-mad Zuck announced that Meta will be testing AI-powered tools for its products, most notably on WhatsApp and Messenger. “The generative AI race perhaps validates Zuckerberg’s Metaverse vision,” Colin Hayhurst, CEO of search engine Mojeek, told Verdict. “Virtual worlds are built from digital assets and thrive on engagement, so as the digital engagement champion of the 2010s, it may play to Meta’s strengths.” Some experts have seen Meta’s launch into the AI race as nothing more than just keeping up appearances.
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🖼 Cardano-Powered ‘Clay Nation’ NFTs Coming to Ethereum-Powered Metaverse ‘The Sandbox’
NFT startup Clay Mates says its highly successful Cardano-powered project “Clay Nation” will become the first Cardano project to be integrated into “The Sandbox,” thereby “pushing interoperability even further in Web3.” Clay Mates describes Clay Nation as “a collection of 10,000 characters created from hand-crafted, randomly-assembled clay traits,” with each of these characters being “a one-of-a-kind digital collectible, stored on the Cardano blockchain.” $CLAY is “the main utility and governance token of clay nation” and it is “poised to be deeply integrated in Clay Nation, where it will be used for any transaction within the virtual environment.”. The Sandbox is a play-to-earn game that combines blockchain technology, DeFi, and NFTs in a 3D metaverse. Its virtual world allows players to create and customize their games and digital assets with free design tools. The virtual goods created can then be monetized as NFTs and sold for SAND tokens on The Sandbox Marketplace.
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📣 Metaverse in spotlight at MWC tech fair even as doubts arise
South Korean company SK Telecom's air taxi mockup was one of the eye-catching demonstrations at MWC, or Mobile World Congress, the world's biggest telecom industry trade show. Tech companies and wireless carriers at this week's expo in Barcelona displayed advancements to connect people and businesses online, increasingly in new virtual reality worlds dubbed the metaverse. Visitor Mark Varahona also felt woozy after trying the flight experience but is still considering buying a virtual reality headset, the hardware needed to enter any immersive digital universe. The metaverse exploded in popularity after Facebook founder Mark Zuckerberg in late 2021 pronounced it the next big thing for the internet, renaming his social media empire and socking tens of billions into the idea.
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🖼 NFT finance protocol Insrt raises $2.2 million in SAFT round
Insrt Labs, the core contributor of the Insrt Finance protocol, raised $2.2 million in a pre-seed funding round. The funding was realized via a simple agreement for future tokens (SAFT), Lauris Zvirbulis, co-founder and CEO of Insrt Labs, told The Block. Insrt Labs was founded in March 2022 by Zvirbulis, Daniel Tsoy and pseudonymous crypto trader "hentai avenger" aka Steven, said Zvirbulis. The Insrt Finance protocol went live last December and allows users to acquire NFT exposure and earn returns. The current total value locked or TVL in ShardVaults is $600,000, said Zvirbulis — adding that Shard holders can currently generate 13%-15% annual percentage yield in addition to spot NFT exposure. Shards are NFTs that represent fractional ownership of a ShardVault's base NFT.
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⚫️ Real Estate Investors Buy Solana NFT Home for $246,800
The McAllen, TX, single-family home was valued at $235,000. Homebase drummed up $246,800 in about two weeks by tokenizing the residence on Solana (SOL) via a smart contract tied to an NFT created for the purpose: “Homebase 1 [The Cardinal].” The total amount raised includes $11,800 set aside to “to account for maintenance and other issues,” a spokesperson said in a statement. Homebase, according to Domingo Valadez, the company’s chief executive and one of three co-founders, spent seven months getting just the legal and compliance details of its real estate offering ready for market. The overall effort took a year and involved the regulatory and fiat side of things: filing the SEC paperwork to market security tokens to both retail and accredited investors.
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🇮🇩 Indonesian government looks to NFTs to preserve cultural heritage
The Deputy of Indonesia’s Ministry of Tourism and Creative Economy explains how NFTs and cryptocurrency can help solve social and economic challenges within Indonesia. One of the primary benefits of blockchain technology is the ability to record and capture information in a permanent, tamper-proof record. Once data is on a blockchain network, it cannot be altered, making it an ideal solution for record-keeping. Tokenized assets, such as nonfungible tokens (NFTs), can also be placed on a blockchain. This can verify ownership while demonstrating that certain events occurred at particular times. For example, the Meta History Museum tokenized data from the war in Ukraine in May 2022, placing the information on a blockchain network to preserve records of the war.
NFTs | OpenSea | News
🤟 Bored Ape metaverse land sales dominance threatened by (what appears to be) wash trading
Sales for Bored Ape’s Otherdeed metaverse land NFTs — easily the hottest virtual property brand around — have been booming during the first quarter of this year, closing in on $120 million in volume. The rise in the collection's trading volume means Otherdeed tokens rank as the second-best-selling NFT collection during the first quarter of this year. Bored Ape Yacht Club , also tied to Otherdeeds. Wash trading is when assets are traded between wallets owned by the same individual or company. It can create not only artificial volume but also manipulate the price. This month, however, sales volumes for a lesser-known collection, also tied to a nascent metaverse platform called MG Lands, have been holding their own; even outpacing Otherdeeds’ sales at one point. However, it appears MG Lands’ rapid ascendance from relative obscurity might be, instead of a feel-good business story, another case of artificial “wash” trading.
NFTs | OpenSea | News
⚡️ Racing on the Moon in Everdome’s Metaverse adventure
The Dubai-based metaverse project Everdome last week released their first beta in-world gaming experience, allowing their near 20,000 NFT holding community to jump into hyper-realistic Moon vehicles and compete against each other in a high octane Moon racing experience. Over a 24 hour period, all Everdome Genesis Collection NFT holders as well as Land NFT holders were granted access to this exclusive Moon Exploration game as the metaverse project demonstrated their ability to create immersive digital adventures with a true gaming and play-to-earn element. Using Everdome’s in-world chat, the entrants engaged in pre-race banter before blasting off of the Moon to get involved in two separate Moon exploration contests.
NFTs | OpenSea | News
💰 Polygon to help fight NFT scams with Web3 infra protocol partnership
Polygon partners with Wakweli, a Web3 infrastructure protocol that issues certificates of authenticity for NFTs to certify originality.Wakweli, a Web3 infrastructure protocol that issues certificates of authenticity for nonfungible tokens (NFT), has officially partnered with layer-2 scaling platform Polygon to make NFT authentication possible. The partnership between Polygon and Wakweli means all digital assets on Polygon. According to the announcement, every NFT project holder on the Polygon chain can request authenticity certificates for each asset. The collaboration generally aims to enhance the security of the digital ecosystem. In response to the cost of the certificate authentication for users, Antoine Sarraute, co-founder of Wakweli, told Cointelegraph that staking WAKU — Wakweli’s utility token — is necessary to create a certificate request. The amount to stake in a request is dependent on and linked to the level of trust needed for each case. The partnership agreement negotiations between the two companies began in August 2022.
NFTs | OpenSea | News
📣 Ticketmaster Launches NFT-Gated Ticketing Service for Avenged Sevenfold Shows
Ticketmaster, the global provider of event ticketing services, has launched “token-gated sales,” allowing fans access to concert tickets using non-fungible token (NFT) technology. The first to use the service is the metal band Avenged Sevenfold (A7X), whose “Deathbats Club” NFT collection gave owners early access to the group’s shows in Los Angeles and New York City. Following the ticket sales, Ticketmaster announced that it had built and launched a token-gated service for the upcoming A7X shows. A7X previously sold an NFT collection called “Deathbats Club,” and the NFTs gave owners access to purchasing tickets to shows in Los Angeles and New York before the general public. A7X and the team Bitflips worked with Ticketmaster on the functionality and “Ticketmaster built and launched the token-gated service for A7X to provide their fan community with first access to tickets for upcoming shows.”
NFTs | OpenSea | News
🇬🇧 UK government drops plans for NFT made by Royal Mint
The UK government has dropped its plans to produce a non-fungible token for sale through the Royal Mint, just under a year after it first announced the project. In response to a question from the Conservative MP Harriett Baldwin, the Treasury’s economic secretary, Andrew Griffith, confirmed the abandonment, saying: “In consultation with HM Treasury, the Royal Mint is not proceeding with the launch of a non-fungible token at this time but will keep this proposal under review.”. Tulip Siddiq, the shadow City minister, welcomed the decision. “I’m glad that the Royal Mint has finally made the Conservatives see sense, but we’ve been calling on the chancellor to drop this crypto gimmick for months,” she said.
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📣 Gucci and Yuga Labs team up to 'blur boundaries between physical and digital'
Gucci and Bored Ape Yacht Club NFT creator Yuga Labs kicked off Metaverse Fashion Week with the announcement they have teamed up on an as yet undefined project. A statement sent by Gucci said it relates to the Bored Ape metaverse RPG Otherside. The move comes as NFT brands search far and wide for new revenue streams, with a prolonged bear market stifling NFT trading and a struggle among rival NFT. Bored Ape Yacht Club has long shipped out merch to its loyal band of token holders, but its owner has been looking elsewhere in recent months for new cashflow. After the NFT shop's acquisition of CryptoPunks' IP last year, it also turned to luxury — teaming up with top-end jeweler Tiffany to create NFT-inspired pendants. The so-called NFTiffs sold out at $50,000 an item. Yuga has form for working with Gucci. In August, the fashion house started accepting payment in ApeCoin, the token associated with the ApeCoin DAO. Continuing to explore the Metaverse, the House comes together with yugalabs. Stay tuned as a new narrative takes shape.
NFTs | OpenSea | News
🖼 Tarzan Swings Into the Metaverse With Official NFT Drop
The classic fictional character Tarzan is swinging from the African jungle into Web3 via a new multi-year licensing deal between digital fashion studio XLABEL and the estate of the character’s original creator, Edgar Rice Burroughs. Australia-based XLABEL and Ethereum NFT marketplace X2Y2 will launch a 9,999-token Tarzan: Lord of the Apes NFT collection for 0.05 ETH (about $90) each on March 28 for people added to an allowlist, with a public sale to follow on March 30 for the remaining supply at 0.06 ETH (about $110) each. No, Disney is not involved. And this Tarzan has a different vibe than some past portrayals—so you might see him in some surprising new settings. XLABEL also plans to integrate its digital Tarzan character into various third-party blockchain-driven metaverse games and platforms.
NFTs | OpenSea | News
📣 Dan Harmon's Still-Unreleased NFT TV Show 'Krapopolis' Gets Third Season
“Krapopolis,” the animated TV series from “Rick and Morty” co-creator Dan Harmon, has been renewed for a third season without airing a single episode. The show, set in mythical ancient Greece, is set to premiere on Fox sometime in 2023. It will be voiced by an all-star cast, including Hannah Waddingham, Richard Ayoade, Matt Berry, Pam Murphy and Duncan Trussell. Krapopolis launched its inaugural 10,420 Krap Chicken non-fungible token collection in August, which allows holders to vote on show elements, access behind-the-scenes content, attend IRL experiences with the cast and crew and redeem rewards for official merch and digital goods. Currently, Krap Chickens can still be minted on the Krapopolis site for 0.18 ether (ETH), or about $280, while the floor price of the collection on OpenSea sits at around 0.11 ETH (about $170).
NFTs | OpenSea | News
🖼 Sorare NFTs Should Be Regulated Under 'New Category', CEO Says
A federal judge’s recent ruling in Manhattan that claims Dapper Labs’ NBA Top Shot NFTs may be unregistered securities shows U.S. government regulations could be coming to the multi-billion dollar NFT market. The French company claims it has more than three million users worldwide through its fantasy NFT partnerships. Nicolas Julia, CEO of fantasy sports NFT firm Sorare, believes his product should be listed under a new category outside of existing sports betting and daily fantasy sports regulations. “We have been proactive with all regulators in the U.S. and Europe to help build the framework that might be appropriate for the new category we are building,” Julia told Decrypt. “It’s very clear that it’s not a betting product, not a [daily fantasy sports] product. It’s a new category where you truly own your own items. There’s no notion of financial sacrifice. Hopefully something is going to be built in the future.”
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📣 BITNILE.COM Early Access Metaverse Platform Goes Live in Over 176 Countries
Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance” or the “Company”) announced the launch of its immersive metaverse platform, BITNILE.COM (the “Platform”) in over 176 countries. The Platform, which was launched on March 1, 2023, is believed to be the first metaverse platform that runs entirely from a web browser with no pixel streaming. The announcement was made as the Company attended the Mobile World Congress 2023 in Barcelona, Spain. With the Platform, users can access the metaverse via the web browser, allowing usage on any device such as mobile, tablets, PCs, and virtual reality headsets. The Platform allows users to play 3D immersive games, purchase both digital and physical products, experience various forms of entertainment, and engage with a new social networking community across any of their internet-connected devices. The Platform also enables users to participate in the metaverse with unique avatars and customized skins or digital accessories.
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📊 NFT Trading Volumes Hit $2B in February, Highest Since LUNA Crash, Thanks to Blur
According to Web3 data platform DappRadar’s latest industry report, NFT trading volumes reached $2 billion in February – the highest number since before the meteoric crash of Terra and its UST and LUNA tokens in May 2022. The war for market share in the non-fungible token (NFT) space may be having positive impacts after all. Much of the surge is attributable to the rising popularity of zero-fee marketplace Blur. While NFT sales, the number of tokens traded, decreased about 32% from January, trading volume, the amount of cryptocurrency transacted across those trades, increased about 120%. Much of this has to do with incentivized trades ahead of Blur’s native token airdrop in mid-February. Since Blur launched in October, it's been focusing on targeting floor-sweeping NFT traders looking to make large-scale purchases with zero fees.
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🟠 Binance Tests AI-Infused NFT Platform Bicasso in Limited 10K Mint Run
On Wednesday, Binance CEO Changpeng Zhao, also known as CZ, announced the launch of a new non-fungible token (NFT) platform infused with artificial intelligence (AI). The AI-centric product is named Bicasso, and CZ said the beta version dropped today and was limited to 10,000 mints. Artificial intelligence (AI) has been popular in 2023, with Openai’s platform Chatgpt, also known as GPT-3, making headlines, and artists using AI-centric art programs such as Nightcafe, DALL-E, Starry AI, Jasper, and Deep AI. On March 1, Changpeng Zhao, or CZ, CEO of the largest exchange by trade volume, Binance, announced a new platform called Bicasso that combines AI and non-fungible token (NFT) technology.
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❕ The Sandbox warns users of security breach used for email phishing campaign
The Sandbox, a blockchain-based metaverse company, released a warning regarding a security breach. The company explained in a blog post on Thursday that an unauthorized third party accessed an employee's computer and sent a fraudulent email. The fraudulent email was titled "The Sandbox Game (PURELAND) Access," sent on Feb. 26. and contained links that could install malware on a user's computer if clicked on. This malware would give the third party control over the user's computer, allowing access to their personal information. The company has stated that the third party only had access to the single employee's computer and was unable to access any other service or account of The Sandbox. The only data the attacker had access to was email addresses of The Sandbox users.
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