📣 Voice Life Launches Groundbreaking F-NFT Platform for Intellectual Property Monetization
Voice Life, a pathfinder in the development of wireless energy technology and self-generating energy systems, announces the launch of its revolutionary Fractional Non-fungible Token (F-NFT) platform for the tokenization of Intellectual Property (IP). The platform, provides an innovative new way for IP owners to monetize their IP and raise funds, while offering investors a unique opportunity to invest in cutting-edge companies. Through this platform the F-NFT holders receive a share of the revenue generated by the underlying IP asset, thus creating a completely new way for the world to directly invest and profit from IP.
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📣 BendDAO Empowers NFT Investors with Web3 Financial Reporting
One of the top NFT-backed lending liquidity protocols, BendDAO, has celebrated its one-year anniversary by publishing a detailed financial statement. It parallels the level of those found in traditional finance. Produced by Unboxing Lab, it reveals the progress BendDAO has made over the past 12 months. EDGAR-style reports bring an unprecedented level of transparency to web3 projects, giving community members an insight into the financial health of protocols they routinely use. The report details BendDAOs assets and liabilities including a breakdown of cash reserves, loans, NFTs (both escrowed, transferred, and deposited) and other capital such as equity. BendDAO’s decision to publicize its financials is part of its commitment to make as much of its operations as possible transparent for the community’s benefit. Unboxing Lab’s report enables BendDAO users to examine the protocol’s P&L, balance sheet, and associated risk measures. This allows potential investors to participate, become better informed, and make well-calculated decisions. It goes far beyond a simple look at TVL or APR, which can be a misleading indicator of success of the protocol.
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📣 Trademark Applications For The Metaverse And NFTs Dropped By Over 45% In The First Quarter Of 2023
Data analysis confirms that the number of investors, businesses and institutions motivated to invest in the nascent metaverse and non-fungible token sectors has decreased in the first quarter of 2023 compared to 2022. Trademark applications are down more than 40% from last year. Individuals and businesses filed only 835 NFT trademark applications with the United States Patent and Trademark Office in the first quarter of 2023. During the same period, the number of investors and institutions filing trademark applications related to Metaverse with the UPSTO has also decreased significantly, falling from 1,819 trademark applications to just 835 by March 2023. According to a brief analysis, the number of non-fungible token trademark applications is down by more than 66% in 2023, while the number of Metaverse trademark applications is down by more than 45% compared to the first quarter of last year. Even though the crypto market has faded a bit after recent regulatory pressure, hyperinflation and market resistance, the non-fungible token and metaverse market continues to gain traction among notable individuals.
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⚡️ BMW sets industrial metaverse benchmark
BMW has created a digital version of its upcoming electric vehicle (EV) facility in Hungary, in a move that exploits the value of the much-hyped metaverse for large manufacturing projects. This so-called ‘digital twin’ allows for full-scale testing in a sandbox environment, identifying and solving potential issues with the factory — from floor layouts to validating the assembly process — before their physical counterparts are created. The project, which was unveiled on March 21, has allowed the German automaker to start producing virtual EVs at a simulation of its €2bn plant in the city of Debrecen, which is still under construction. The plant is expected to be fully operational, with the first Neue Klasse EVs rolling off the production line, in 2025. While automotive, aerospace and energy companies have worked with digital twins of individual products for years, a sophisticated ecosystem like BMW’s that shows an entire working facility, and allows interoperability between different digital twins, applications and 3D worlds was not possible before the metaverse.
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📣 Fortune Teams Up with Famed Digital Artist Shells for NFT Drop of Iconic Magazine Cover
Fortune announced the details of its second NFT drop, which will take place on April 9, 2023, and allow collectors to bid on an iconic magazine cover by the trailblazing generative artist and creative coder Itzel Yard, also known as Ix Shells. The piece, titled Fortune: Crypto Climbs Back From The Worst Year Ever, will be available for 0.1 ETH during the 24 hour sale. The unlimited sale will go live on Sunday, April 9, at 1:00 pm EDT on Foundation, a platform building no-code tools for the web3 creator community. The release will be an editioned ERC-721 NFT in collaboration with Yard and generative art agency ARTXCODE. The NFT will contain an animated version of the historic cover, which you can see here and will be distributed as a limited edition for the April/May 2023 U.S. of the magazine and the sole cover of the Europe and Asia editions, all of which will be available on newsstands beginning April 25, 2023.
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⛵️ OpenSea Launches OpenSea Pro, Courting Professional NFT Traders
Leading non-fungible token (NFT) marketplace OpenSea said Tuesday it’s rolling out OpenSea Pro, a marketplace with advanced features targeting the growing market of professional NFT traders that has helped rival NFT marketplace Blur surge since its launch. OpenSea Pro will operate with 0% fees and pull listings across 170 marketplaces to provide the best deals for traders. It will support advanced “floor sweeping” for traders, instant sales, inventory management, the ability to optimize gas fees for efficient trades, a watchlist feature and more. It will also be available on mobile devices. The new product is a rebrand of Gem v2, which is the newest version of Gem’s NFT aggregation platform. OpenSea acquired Gem in April 2022, with plans to bring its professional trading tools to OpenSea users.
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📣 Bugatti and Asprey Unveil The Most Expensive NFT Inscribed on the Bitcoin Blockchain
The Bugatti family was known for producing luxury goods long before they entered the automobile industry. Rembrandt Bugatti gained fame as a talented sculptor in the late 1800s and early 1900s, while Carlo Bugatti specialized in designing and manufacturing Art Nouveau furniture during the same era. This statement has stayed with the family for generations and served as the impetus for the collaboration between Bugatti and Asprey. The Asprey Bugatti Egg Collection will be launched both as physical “objet” and generative artwork, with 111 physical eggs linked to Bitcoin NFTs. Much like the luxury cars that share their same name, these eggs won’t come cheap. That high price tag reflects the quality of the materials the NFTs’ physical counterparts are crafted from. The eggshell of the Royale Edition of the Asprey Bugatti Egg Collection is made from carbon fiber and formed into the perfect egg shape during a long and complex process. According to Walker, it is encased within a sterling silver diamond weave lattice, gently angled downwards to a curved base portraying movement and echoes Asprey’s heritage in jewelry and furniture.
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📣 Blur Surpasses OpenSea as the No.1 NFT Trading Platform
Over the past 30 days, NFT sales volume on prominent blockchains like Ethereum, BNB Chain, and Flow has declined by 14%-41%. However, on other chains like Solana, Polygon, Cardano, and Arbitrum, the numbers have risen in the 11% to 64% bracket. Thus, it can be said that even the NFT market is moving in tandem with the crypto market, as indecisiveness continues to prevail. Moreover, the bigger picture seems to be even bleaker. A recent tweet from the Director of Research at “PROOF” brought to light that the banking crisis likely instigated a “structural shift” within the NFT arena. In fact, according to Sam, aka NFTStatistics, “Since the SVB saga, unique NFT buyers per day have been about 25% lower than they were before. Feels a bit like a structural shift happened then.”. Over the last couple of months, Blur’s command in the NFT landscape has made things better. The same is depicted by the rising orange footprint in the chart below. In fact, Blur is currently the top NFT trading platform by volume.
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📣 Unilever’s Magnum ice cream joins the metaverse backlash
MullenLowe Madrid’s new work for Magnum tells us – as if we need reminding – that nothing quite compares to the joys of the real world. The #NotAvailableInTheMetaverse campaign follows an avatar on her frustrated mission to escape the metaverse and enjoy the real-life pleasures of a Magnum. Unilever has been sensibly tentative in exploring the metaverse, paying attention while remaining wary of the hype and alert to potential data issues. Mark Zuckerberg, in contrast, could be regretting his decision to go all in. When he rebranded Facebook as Meta in 2021, he panicked many marketers and agencies into a headlong rush towards the online 3D universe. Maybe they were just ahead of their time, but the metaverse has so far failed to live up to its promise, thanks to prohibitive costs and underwhelming demand. Meta shares have nosedived and Zuckerberg has refocused (but not renamed) the business, while Disney has recently discontinued its metaverse division and Microsoft has done the same, investing instead in generative AI like ChatGPT.
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⬜️ OKX launches metaverse training session with football star Rúben Dias
Cryptocurrency exchange and Web3 technology developer OKX has been active in the space over the last month, with the latest announcement on its first immersive metaverse fan experience part of its “OKX Collective.“. On April 3, the company revealed a collaboration called “Train Like Dias” with one of its brand ambassadors and Manchester City footballer, Rúben Dias. According to the announcement, fans can virtually experience Dias’ favorite training techniques, and have exposure to coaching and tips. The experience is open to fans within the OKX Collective metaverse. Haider Rafique, the global chief marketing officer at OKX, commented that the new immersive experience helps connect fans, and “is another great example of what this technology allows.“. OKX and Manchester City officially became partners back in July 2022, with the platform hinting at future offerings of Web3-content from other players on the team, including Alex GreenOKX and Manchester City officially became partners back in July 2022, with the platform hinting at future offerings of Web3-content from other players on the team, including Alex Greenwood, Ilkay Gündoğan and Jack Grealish.
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🖼 NFT Tickets Are the Future of Live Events.
For the better part of a decade, concert and festivalgoers have foregone ink and paper in favor of storing their event tickets on their phones. As ticketing has transitioned from paper to PDF in the age of digital credentials, a new wave of post-pandemic performances has started to shake up the live-event ecosystem via — you guessed it — NFTs. Although it can sometimes seem like digital art and generative avatars are the only use cases for NFTs that have longevity, this just isn’t so. The truth is that NFTs can be used in far more ways than they currently are. And one use case from NFT history that generally goes overlooked is nonfungible ticketing, an underdog within the constantly expanding Web3 music space.
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📣 British Museum Offers Greece “Exclusive NFT” of the Parthenon Marbles
The British Museum has dug its heels in regarding its decision not to repatriate the Parthenon Marbles, adding insult to injury through a recent proposal of gifting Greece an “exclusive NFT” of the sculptures to “settle unreasonable and unnecessary questions over the true ownership of history.” A spokesperson for the British Museum told Hyperallergic that the “generous compromise” should put an end to the battle over the famed sculptures, which were “legally obtained.”Thomas Bruce, the seventh Earl of Elgin, removed the marble sculptures depicting a battle between centaurs and the legendary “Lapith” people of Ancient Greece from the Parthenon (the temple of Ancient Greek goddess Athena) and brought them into British colonial territory with permission from the Ottoman Empire that controlled Greece in the early 1800s. However, the legality of the sculpture removal has come into question repeatedly, with Greece demanding the repatriation of the marbles since 1835. England has not budged on its bid that the marbles belong to them despite the added pressure of the Vatican’s recent repatriation of fragments of Parthenon Marbles from their collection to Greece.
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🖼 Trump’s NFT Collection Sales Soared 445% After Impeachment News
According to NFT Price Floor, the cheapest NFT in the group was down 13% on Friday at 0.55 ether, or just under $1,000. A little over $22,000 was bought for the NFT collection within a 24-hour period earlier this year, far short of the $4.5 million the project generated when it first went on sale in December. The NFTs were initially offered for $99 each, and Trump advertised them in a video on his Twitter-alternative Truth Social. Even though the indictment appears to increase the value of Trump-related merchandise and collectibles, the benefits of the news clearly benefit porn star Stormy Daniels, who is the center of his indictment. Daniels tweeted on Thursday, “#TeamStormy merch [and] The autograph orders are coming in,” as fans rose to defend the woman Donald Trump allegedly bribed to keep quiet about an affair the former president disputes. A cryptocurrency called FreedomCoin, formerly known as TrumpCoin, surged 50% on Friday in addition to NFTs.
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🖼 Station Casinos Adds NFT Rewards To Loyalty Program
Station Casinos on Friday launched STN Charms, an extension of its Boarding Pass casino loyalty program that rewards customers with NFTs, unique digital art pieces linked to blockchain technology. At launch, all loyalty members are automatically enrolled and will receive the first Shamrock Charm – an NFT displayed on the slot machine’s service window when a player cards out. Tom Mikulich, senior vice president of innovation at Station Casinos, said the idea had been in the works for a few years. It drew inspiration from popular mobile games such as Candy Crush Saga, where with leveling comes customization, and by players using good luck charms while gambling. The slot program gives players various NFTs through multiple avenues of earning. New pieces are released every month and each attraction is distinguished by category, one of five rarity levels, and a fortune level, which is a value attached to a guest’s winnings while the attraction is active on the slot machine.
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📣 Top Solana NFT Project ‘DeGods’ Set to Migrate to Polygon Today
Solana was once one the main contenders in the NFT space to take the crown from Ethereum. It even got an OpenSea integration last year, allowing users of one of the most popular NFT marketplaces to explore SOL NFTs more easily. But due to Solana’s unfortunate links to Alameda Research (the sister company of failed exchange FTX), SOL saw one of the biggest sell offs in the space over the course of 2022. And its NFT projects are beginning to think Polygon is a more appealing home. Some of the most popular NFT projects on Solana, are moving en masse from the Solana blockchain over to the Ethereum scaling solution Polygon. At the time of writing, 77% of the NFTs in Solana’s ‘y00ts’ collection have made the translation – representing roughly $37m worth of tokens. What’s more significant however, is the migration of DeGods – currently the most highly valued NFT collection based on Solana.
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⚡️ Japanese Government Mulls Promoting NFTs in Sport
The Japanese government may push to adopt non-fungible tokens (NFTs) in the sports industry. Nikkei reported that Tokyo could move after the ruling Liberal Democratic Party Web3 “Digital Society Promotion” team issues a white paper on the matter. The white paper is yet to be published, but sources appear to have discussed the matter in detail with the media outlet.The Web3 team has noted that “fantasy sports” are “gaining popularity overseas” and wants to “encourage” domestic “companies” to “enter” the sector. Sports like baseball and football (soccer) have enormous followings in Japan.As such, any possible Japanese NFT-powered fantasy league would doubtless enjoy great popularity.However, Japan’s strict anti-gambling laws could provide a stumbling block.
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📣 Enjin Coin price soars as focus shifts to the upcoming NFT.io
Enjin Coin (ENJ/USD) price went vertical on Friday as investors focus on the upcoming NFT.io launch. The ENJ token rose to a high of $0.50, which was the highest point since March 2 of this year. It has jumped by more than 97% from the lowest level this year. Enjin is a major blockchain platform that operates in the gaming and non-fungible token (NFT). The platform provides key products like a wallet where users can manage their cryptocurrencies and NFTs. Enjin Platform makes it possible for developers to integrate NFTs with gaming platforms. Further, it runs JumpNet, a forever-free Ethereum scaling platform. Most importantly, Enjin runs Efinity, a leading Polkadot parachain.
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🪙 26,000 people attended Decentraland’s Metaverse Fashion Week
web3 virtual world Decentraland’s Metaverse Music Festival before, but its other big annual event is Metaverse Fashion Week. Citing Decentraland’s own figures, it reported that attendance at the event fell from 108,000 people in 2022 to just 26,000 this year – 76% down, despite the presence of brands like Dolce & Gabbana and Tommy Hilfiger. “Although attendee numbers were down, we had tens of thousands of new visitors to the metaverse,”. Metaverse Fashion Week chief Dr. Giovana Graziosi Casimiro. This isn’t the first time Decentraland’s scale has made headlines. In October last year, a report claimed that the world only had 38 daily active users. It turned out that this was just the number of people interacting with its smart contracts (i.e. buying NFTs/land). Still, the official daily total of 7.1k unique visitors was still a far cry from the biggest non-web3 games and virtual worlds like Roblox and Fortnite, which count their users in the millions and tens of millions. Access unlimited News articles on the site, PLUS a trial of Music Ally’s subscriber-only services, including our industry-leading daily Bulletin email.
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📣 EU Consultation Warns on Risk of Big Players Becoming Metaverse Gatekeepers
Online giants could dominate the metaverse, blocking out local companies, the Euroepan Commission warned Wednesday in a consultation on its new policy for virtual worlds. The European Union’s executive arm is set to issue proposals in the coming months, but they likely won’t include a draft bill, said the call for evidence, which is open until May 3. The paper sets out a range of policy issues for what it calls Web 4.0, where physical and virtual worlds interact immersively, using connected smart devices. It cites issues like equality, data privacy, cybersecurity and openness, as well as finance for local businesses. The EU recently passed a Digital Markets Act to rein in supposed anticompetitive behavior by internet giants such as Meta, Google and Amazon, but is worried similar trends could occur in later iterations of the internet economy. It cites issues like equality, data privacy, cybersecurity and openness, as well as finance for local businesses.
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🖼 NFT Sales Near $2 Billion in March as Blur Dominates Market
The NFT market surged in February, topping $2 billion in total trading volume per data from DappRadar—a 117% increase from the previous month. And that momentum remained nearly intact into March, with data showing only a slight dip to under $2 billion. The vast majority of that trading volume again came from Blur, with nearly $1.35 billion worth of Ethereum NFT trades on the marketplace, up slightly from about $1.32 billion in February. Blur trading activity surged in mid-February when the marketplace launched its BLUR reward token, which has incentivized mass flipping from “whale” traders—that is, traders who hold large positions in a given collection and act as so-called market makers.
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📣 Iconic Quotes NFT App Now Enables Instant NFT Creation for Stories, Poems, and Quotes.
Non-fungible tokens (NFTs) have become a hot commodity in the crypto space and have turned millions of people into millionaires. The massive adoption of the trend is proof that it is a viable investment opportunity, but what's most interesting is the fun and innovative ways investors are using NFTs to make passive income. For sports fans and athletes around the world, their obsession is about their favorite teams and the. Nonfungible Tokens (NFTs) are a type of cryptographic asset that is unique and used to create and authenticate ownership of digital assets. This includes cartoons, music, movies and video clips, JPEGs, postcards, sports trading cards, virtual real estate or pets. The Non-Fungible Tokens (NFT) Software Market research report provides all the information related to the industry. It gives the outlook of the market by giving authentic data to its client which.
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📣 Carbon-Backed NFT Collection Ecosapiens Raises $3.5M
Non-fungible token (NFT) project Ecosapiens has raised $3.5 million in seed funding towards its mission to make blockchain collectibles more environmentally conscious. The round was led by Web3 fund Collab + Currency, with participation from investors like founder of digital fashion company 9dcc gmoney, vice president and head of corporate development at Coinbase Ventures Shan Aggrawal, former chief operating officer of Moonbirds Ryan Carson and others. The nature-inspired avatars act as a vehicle for collectors to offset carbon emissions. Each Ecosapien owner can also purchase additional carbon credits to evolve their NFT and gain rarity traits. Co-founder of Ecosapiens Nihar Neelakanti told CoinDesk that he was driven by a mission to help the environment. He said that utilizing NFTs as a channel for selling carbon credits is the most efficient way to participate in “impact-to-earn,” which allows consumers to help take climate action and earn rewards through activism. Neelakanti told CoinDesk that he plans to use the funding to build out the Ecopsapiens marketplace.
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📣 BLUR Token Plummets Over 28% in March, Despite Blur's Dominance in NFT Sales Market
While the non-fungible token marketplace Blur has captured a significant amount of the market share in terms of NFT sales, the market’s native token, BLUR, lost more than 28% in value last month. At present, BLUR tokens are down more than 88% since the crypto asset’s all-time high recorded on February 14, 2023. The NFT marketplace Blur has captured a majority of the NFT sales over the past month. The Dune Analytics dashboard, created by @hildobby, shows that over the past week, Blur accounted for 42% of trades, while the NFT marketplace Opensea accounted for 48.3%. In terms of trader count this past week, Opensea outpaced Blur, with over 89,000 traders compared to Blur’s 39,000. While the marketplace has been competitive, Blur’s native token, BLUR, suffered this past month compared to most crypto assets. For instance, while ETH rose 8.5% higher and BTC rose by 19.8% in March, BLUR dropped 28% against the U.S. dollar. BLUR holds the 161st largest market capitalization, with a circulating supply of 426.84 million BLUR tokens.
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📣 Sony PSVR2 headset off to slow start as metaverse push sputters
Sony is projected to sell fewer than 300,000 PlayStation VR2 headsets in its first weeks on the market, a slow start for company efforts to take a leading role in development of the metaverse. The Tokyo-based console maker is likely to sell about 270,000 units of the PSVR2 between its Feb. 22 release and the end of March, according to estimates from the research firm IDC. The headset is a foundational piece of Sony’s strategy to build a metaverse where people can do far more than play video games. But the conceptual 3D virtual environments that prompted Mark Zuckerberg to rename his company Meta have yet to repay the industry’s heavy investments in hardware and software. Sony president and Chief Executive Officer Kenichiro Yoshida made the metaverse a growth tentpole for Sony, much like Meta has done, and the company’s in-house game studios have been developing VR-tailored games to help the new headset get off to a fast start that hasn’t materialized.
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📣 "First Meet in New York" - Holo Foundation Hosted Press Conference for 2023 Metaverse Ecology Summit
On March 28, 2023, the Holo Foundation made its announcement that "First Meet in New York - 2023 Holo Metaverse Ecology Summit" will convene in New York on June 20, 2023. Ms. Fibona Ning, Initiator of and Chief Mentor the Holographic Space, Founder and President of the Holo Foundation, Dr. Samuel Scott, International Business and Trade Economist, General Partner, Global Strategy Group, LLC. Based in New York and founded in 2023, the Holo Foundation is a nonprofit organization specializing in servicing small and medium-sized enterprises (SMEs) with digital transformation. The Holo Space Group established the Holo Foundation to shoulder corporate responsibility, find new breakthroughs for the heavily burdened global business, guide global small and medium-sized enterprises (SMEs) with holographic thinking to unite in the face of hardships, establish fair competition rules, and create an inclusive and open business environment accessible to all.
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📣 Flybondi To Offer All Tickets As NFTs
Flybondi, the Argentinian ultra-low-cost airline, has launched what they describe as a new and revolutionary airfare called the Ticket 3.0. It is the first of its kind in the world, e-tickets serving as non-fungible tokens (NFTs), offering passengers more freedom and autonomy in managing their tickets. With the Ticket 3.0, customers can manage their tickets as they please, with three unprecedented options: they can rename the ticket, transfer it, or gift it. The Ticket 3.0 provides passengers with a more flexible travel experience, allowing them to even purchase tickets in advance without having to define their travel plans or the names of the travelers. Passengers can transfer, rename, or gift their tickets quickly and autonomously using a modern self-management module.
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🖼 Amazon’s NFT Marketplace Launches Digital Collectibles From Beeple & Pudgy Penguins’s Creators
Beeple and Pudgy Penguins Could Appear on Amazon’s NFT Marketplace. The platform will release digital compilations from well-known encrypted producers in the NFT market, such as Beeple and Pudgy Penguins. Amazon will operate the NFT platform on a private and permissioned blockchain that it controls, according to the conditions of a non-disclosure service agreement. Another classified document verified that the NFT marketplace will use a private blockchain, and that Amazon Web Services (AWS) will be the primary provider. According to numerous sources, the firm has entered into a number of secret agreements in preparation for the debut of the NFT marketplace. Amazon also disclosed to product partners that it will collaborate with Artifact Labs and Proof Collective, in addition to Beeple and Creator Creator. The blockchain powering Amazon’s digital collectibles is gas-free and read-only, and it puts stringent limitations on NFT creators, partners, and — ultimately — the firm consumers after debut.
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📣 TON Diamonds to Showcase Cutting Edge NFT Artifacts at New York Exhibition
NEW YORK, NY, March 31, 2023 (GLOBE Newswire) – tons of diamonds, a leading force in the world of blockchain-based art, has partnered with four visionary digital artists to showcase their latest creations in the form of NFTs on the TON blockchain. These cutting-edge artworks will take center stage at the highly anticipated FOCUS Art Fair in the heart of New York City from May 18 through 21. The curatorial concept of the exhibition is “Stream of Consciousness: Exploring the Intersection of Art, Technology and Spirituality”, and it brings together four innovative artists, each exploring the intersection of these disciplines in their own unique way: Sarah McDaniel, Harry Yaffe , Shen Fu and Ellen Sheidlin. Together, these four artists present a rich tapestry of ideas that explore the essence of human consciousness. They provide a glimpse into the nature of being, demonstrating the power of art to express complex feelings and ideas beyond language and culture.
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🖼 NFT Tech Announces Closing of First Tranche of Private Placement
NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO | OTCQB: NFTFF) (“NFT Tech” or the “Company”), a leading technology company partnering with top-tier brands to accelerate their entry into the world of web3 through innovative technologies and unparalleled creativity, is pleased to announce it has closed the first tranche of the previously announced non-brokered private placement dated February 24, 2023. Raising gross proceeds of $350,000 through the issuance of 7,000,000 units at a price of $0.05 per unit (“Tranche One Financing”). Each unit consists of one common share (each a “Common Share”) of the Company and one-half of one purchase warrant (each whole warrant, a “Warrant”). Each whole Warrant is exercisable into one Common Share at the price of $0.10 per share (the “Warrant Share Price”) for a period of six months following the closing of the Private Placement. The Company intends to use the net proceeds from the Tranche One Financing to fund general corporate working requirements.
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🖼 Non-Fungible Token Sales Slid 31% Lower in March With $882 Million in NFT Sales
According to statistics, the number of non-fungible token (NFT) sales in March was 31.42% lower than the previous month, dropping from $1.03 billion in sales for February to $882.89 million. The number of NFT buyers and transactions also declined, by 22% to 29%, over the last 30 days. In March, sales of non-fungible tokens (NFTs) dropped by 31% compared to the previous month, as the number of buyers and transactions declined. Data shows that in February, NFT sales reached $1.03 billion, but statistics for the last day of March indicate that sales over the last 30 days amounted to $882.89 million. Of these sales, $537.89 million were settled on the Ethereum (ETH) blockchain, which dominated March sales with more than 60%. Solana-based NFT sales accounted for 10.57% of March sales, with $93.36 million recorded. In terms of NFT sales, Solana was followed by Polygon ($36.16 million), Immutable X ($28.82 million), and Cardano ($10.08 million). The top-selling NFT collection in March was Bored Ape Yacht Club (BAYC), which generated $35.81 million in sales, although this figure represented a 48.19% decline from the previous month. Cryptopunks was the second largest NFT collection in terms of sales, with $30.11 million, an increase of 87.95% compared to February.
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