📣 Enjin Launches NFT-Focused Blockchain, Migrates Native Token and Merges Efinity Token
Singapore-based Enjin, a pioneer in the blockchain ecosystem for Non-Fungible Tokens (NFTs) and digital assets, has launched the Enjin Blockchain. The innovative new blockchain, dedicated to NFTs, is built on the open-source Substrate framework, distinguishing it from others by integrating NFT-related transactions directly into its foundational code, rather than relying on smart contracts. Incorporating NFT transactions at the protocol level enhances scalability and prepares projects for future-proofed digital assets. Notably, Enjin Blockchain features like Fuel Tanks and Discrete Accounts simplify end-user interaction by subsidizing transaction fees and eliminating the need for specific wallet software. In the proposed restructuring, Enjin Coin (ENJ) will transition from the Ethereum network to become the native token of the Enjin Blockchain's Mainnet on a 1:1 basis. Furthermore, Efinity Token (EFI) is suggested to merge with ENJ, further promoting decentralized governance and participation. Polkadot parachain, has successfully forked to the Enjin Blockchain, now known as the Efinity Matrixchain.
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❕ Clay Nation: The First Cardano-Based Project To Join The Sandbox Metaverse
Clay Nation partners with The Sandbox as the first Cardano-based project, welcoming web3 participants to the metaverse. Cross-chain PFP-avatar collection interoperability allows Clay Nation Cardano NFT holders to integrate their avatars into The Sandbox, offering unique in-game experiences. The collaboration brings Sonic Sands, an immersive world of music, collectibles, and creativity, with mini-games and vibrant social spaces for players to explore. The partnership between The Sandbox and Clay Nation introduces a pioneering concept – cross-chain PFP-avatar collection interoperability. Holders of original Clay Nation Cardano NFTs have the remarkable ability to seamlessly integrate their avatars into The Sandbox. This means merging two captivating worlds. Imagine crafting unique wearables and sought-after items using in-game resources or browsing the vibrant in-game merch store for exciting additions. The collaboration between Clay Nation and the imaginative minds at Smobler brings forth the enchanting Sonic Sands experience. Spanning a vast 2×2 LAND within The Sandbox, Sonic Sands offers players an immersive journey into a world.
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📣 Apple’s new Vision Pro mixed-reality headset could bring the metaverse back to life
The metaverse — a shared online space incorporating 3D graphics where users can interact virtually — has been the subject of increased interest and the ambitious goal of big tech companies for the past few years. Facebook’s rebranding to Meta is the clearest example of this interest. However, despite the billions of dollars that have been invested in the industry, the metaverse has yet to go mainstream. After the struggles Meta has faced in driving user engagement, many have written off the metaverse as a viable technology for the near future. But the technological landscape is a rapidly evolving one and new advancements can change perceptions and realities quickly. The Vision Pro headset is spatial computing device that allows users to interact with apps and other digital content using their hands, eyes and voice, all while maintaining a sense of physical presence. It supports 3D object viewing and spatial video recording and photography. The Vision Pro is a mixed-reality headset, meaning it combines elements of augmented reality (AR) and virtual reality (VR).
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📣 AliExpress’ 5,555 NFT Launch Could Shake Up the NFT Market
Chinese e-commerce giant AliExpress has announced plans to launch its own line of non-fungible tokens. The company has partnered with The Moment3, a leading NFT platform, to create a marketplace for users to buy, sell, and trade NFTs. The AliExpress NFTs will be based on a variety of popular Chinese IPs, including anime, games, and movies. The company has also said that it will be working with artists and creators to develop new and original NFTs. The launch of the AliExpress NFT marketplace is a significant development for the NFT space. The company has a massive user base of over 1 billion people, and its entry into the market is sure to bring a lot of new attention to NFTs. It is still too early to say how successful the AliExpress NFT marketplace will be. However, the company’s size and reach give it a good chance of success. The launch of the marketplace is also a sign that NFTs are becoming more mainstream, and that businesses are starting to see the potential of this new technology. NFTs are becoming more mainstream, and businesses are starting to see the potential of this new technology.
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💰 Shiba Inu Teases New Metaverse Adventure with Rocket Pond
A trailer accompanying the announcement illustrates a scene of transformation, shifting from a desolate, post-apocalyptic landscape to a vibrant green space bustling with activity. This cinematic transformation subtly encapsulates the ambition behind the Shiba Inu Metaverse project – from a barren, underutilized space to a thriving, vibrant community.The concept holds promise, but it remains to be seen how well it will be embraced by the existing Shiba Inu community and Metaverse enthusiasts in general. The venture signifies a new direction for the popular meme coin, promising an immersive Metaverse environment where users can explore, play and potentially even monetize their activities. The concept holds promise, but it remains to be seen how well it will be embraced by the existing Shiba Inu community and Metaverse enthusiasts in general.To augment the Rocket Pond experience, Shiba Inu has also launched a development tool, dubbed the Game Builder.
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🖼 NFT Inspect Introduces New PFP Discovery Tool for Twitter
NFT Inspect, a popular NFT analysis and community tool recently brought back to life, has launched a new Chrome browser extension that provides real-time data on popular NFT collections commonly used as Twitter profile pictures (PFPs). The Twitter NFT Search tool, which is also available in beta as a web version, allows users to search for different ways an NFT is used on Twitter, either as a profile picture or shared as a tweet. The tool can also analyze individual wallet addresses. Twitter has emerged as the central communication platform for all things crypto and NFTs, where industry news, project updates and community discussions take place in real-time," president of NFT Inspect Oliver Cohen told CoinDesk. "However, we noticed a lack of comprehensive tools that could harness the power of Twitter and provide users with a complete solution for tracking, analyzing and engaging with the crypto and NFT ecosystem. Cohen explained that the tool utilizes "AI algorithms" to power its Chrome extension and detect NFT-related content on Twitter. He added that the tool can be used to track the popularity of different NFT collections and the growth of particular communities around an NFT project.
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🖼 GameStop Fires CEO Who Oversaw Retailer's NFT Push
After two years with the company, GameStop CEO Matt Furlong has been terminated, according to a statement released by the company today. Furlong oversaw the long-running retailer’s expansion into NFT collectibles via a marketplace for digital assets. No replacement has been named yet, but the company has named billionaire investor and board chairman Ryan Cohen as its executive chairman. Cohen is the founder and former CEO of pet supplies online shop Chewy. GameStop’s share price has fallen about 19% in after-hours trading, per Google Finance, to a current price just above $21 per share. The share price had hit a new 2023 peak above $26 per share today ahead of the announcement. Furlong joined GameStop from Amazon in June 2021, shortly after the meme stock frenzy that rocketed the struggling retailer’s share price. The retailer had already teased plans to do something on Ethereum just before his hiring, but ultimately revealed its NFT marketplace and launched the platform during his tenure. GameStop opened the NFT marketplace in June 2022 just as the broader NFT market was losing momentum. Initially focused on digital collectibles like artwork and profile pictures (PFPs).
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📣 Puma Plots NFT Sneaker Drop With NBA's LaMelo Ball, Gutter Cat Gang
Global sports apparel company Puma is continuing its foray into Web3 with a sneaker-based collaboration with NBA star LaMelo Ball and the NFT project Gutter Cat Gang. Titled “GutterMelo MB.03,” the limited-edition kicks will initially be sold for $175 via the OpenSea marketplace as an NFT collectible on June 29. The NFT can later be redeemed for the physical sneakers during a month-long window from July 18 through August 20. Ball, a young star in the NBA who was drafted third overall in the 2020 draft and is a point guard for the Charlotte Hornets, penned a multi-year endorsement deal with Puma in 2020 for a reported $100 million. The MB.03 sneaker marks the third iteration of his sneaker line with Puma, with further editions expected for release later in the year. Gutter Gang Cat is an NFT profile picture (PFP) project launched in June 2021 that features 3,000 cat-themed avatars. The Puma sneaker is customized with a colorful effect that looks like a heat map, along with a Gutter Cat Gang image and “1-of-1” inscription on the tongue plus the names of the collaborators on the heel.
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📣 Gamified Storytelling Project Axis Mundi Launches 72-Hour NFT Open Mint
More than a cash grab, design studio UVL is rolling out a unique “choose-your-adventure” styled NFT project this week. Consisting of three key components, the voyage of "Axis Mundi" begins on June 6, with a 72-hour open edition mint where users can acquire so-called Energy elements. An open edition mint refers to an unlimited number of NFTs in a collection. These elements were created by new media artist Jason Ting and sound designer Pelican Sound. The mint price is set at 0.009 ETH, or roughly $16 at today’s prices. The sale of Beings, the experience's primary NFTs, is slated for September at an undisclosed price. The Beings NFTs can evolve too, but users will need to burn their Energy NFTs to do so. To move from its first form to the second, for example, users will need to destroy five Energy NFTs. The final component is a much larger, collective work that generates art based on the various interactions between different Beings in the virtual world once the experience concludes. The experience will unfold over the next 8 to 12 months, across eight chapters.
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📣 Tanjea Launches it's First Play-to-Earn NFT Game to the App Store and Google Play Store
Snowy Owl Gold Corp. (CSE: SNOW) (FSE: 84L) ("Snowy Owl" or the "Company") is pleased to announce that Bluecorp Capital Corp., which is in the process of being acquired by Snowy Owl, has released its first play-to-earn ("P2E") NFT-based game, Tanjea - Race to Riches, on the Google Play Store and Apple App Store. This achievement likely makes Tanjea the second game allowed into the Apple App Store that utilizes externally purchased NFTs. Axie Infinity, a P2E game with a multi-billion dollar market cap token ($AXS). Tanjea, the primary project of Boba Mint Co. Inc. (the wholly-owned operating company of Bluecorp Capital), represents a new approach to revolutionize the hyper-casual mobile gaming space by integrating P2E and NFTs. Once the proposed transaction is complete, Snowy shareholders will gain exposure to the mobile gaming, metaverse, and NFT sectors through Tanjea's NFT and token-based economy. Leading Tanjea and Snowy will be Boba Mint Co. Inc.'s acting CEO, Michael Zon, an early adopter of Bitcoin, Ethereum, Cryptopunk, and Bored Ape NFTs. The founding team also includes CTO Alex Ianovski, who met Michael during his PhD in Biomedical Engineering, as they both completed their Engineering graduate degrees in the same laboratory.
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⚡️ Developers Will Build Apple’s Metaverse
Apple loves developers, and developers love it back. In fact, the company loves devs so much it created a conference for them, which has now become its biggest platform for it to launch its greatest new products. In Worldwide Developers Conference, or WWDC for short, Apple announced a whole ecosystem for developers embedded in the Vision Pro headset. ARKit, developers can add AR features like a depth API, people occlusion, Instant AR, motion capture, and more to their applications. Along with releasing what it calls the world’s first spatial computer, Apple also dropped the details of the dev stack behind the new product line. Aiming to replicate the success of their past products’ developer ecosystem, Apple will soon release dev tools that might create the new standard for XR (extended reality), but on Apple’s terms. To go along with its new Vision Pro headset, Apple announced the visionOS operating system. The visionOS SDK builds on Apple’s history of augmented reality dev kits such as RealityKit, ARKit and other AR creation tools. ARKit was Apple’s first foray into harnessing the power of augmented reality, with the company releasing ARKit 6 at WWDC earlier this week.
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🖼 Twitch Co-Founder's Fractal Launches Tools to Help Devs Build NFT Games
Gaming-centric Web3 startup and NFT marketplace Fractal has announced Fractal Studio, or FStudio, a three-part product the firm says will enable video game developers to more easily add crypto integrations into their titles without having to code. FStudio gives developers the ability to “build,” “acquire,” and “monetize” their projects, according to a statement. Developers will be able to turn in-game assets into NFTs with FStudio. FStudio users can also add their games to Fractal’s desktop game launcher for app-based games, which already boasts roughly 150 titles. Browser-based games can appear on the Fractal web platform, meanwhile. Over time, Fractal has evolved from being known as a game-focused NFT marketplace on Solana and other networks to being both a Web3 game platform and launcher for users. Now with FStudio, it’s also dipping its toes into developer software. FStudio will allow game developers to host their own tournaments with prize money, create events, conduct giveaways and give players rewards, and create a “crafting” mechanic that allows gamers to earn prizes.
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📣 Puig celebrates Good Girl Blush launch with first-of-a-kind NFT activation
Puig has created a pioneering NFT (non-fungible token) activation at Madrid-Barajas and Rio de Janeiro-Antonio Carlos Jobim Airports to celebrate the launch of its Good Girl Blush fragrance from Carolina Herrera. The NFT collection, called The Beauty Travel Capsule, is described as an exclusive digital assets showcase of artwork inspired by the new scent. It was created by digital artist duo Auroboros and will be available at the two locations for a limited time only. Auroboros is a collective of 3D designers committed to championing the values of female empowerment and diversity. Accordingly, the exclusive Beauty Travel Capsule NFT collection aims to inspire, connect and support women globally. Additionally, owners will have access to the WOW3 programme which includes physical and virtual events, and a tech global job platform, as well as a weekly podcast and newsletter. The Beauty Travel Capsule NFT holders will automatically be inducted into the Carolina Herrera Beauty Travel Community, and receive exclusive communications from the brand.
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📣 GameStop NFT back in the spotlight after partnership with Illuvium
On June 5, Ethereum blockchain game developer Illuvium announced a partnership with video game and consumer merchandise retailer GameStop to debut a 20,000 nonfungible token (NFT) collection starting June 12. According to developers, the "Illuvitars" NFTS are "dynamic collectable works of art, representing a specific avatar of an Illuvial with a distinct expression. Each Illuvitar carries a power rating, determined by its rarity, which helps you climb the leaderboard." Each "GameStop x Illuvitar D1SK NFT" will contain a unique GameStop-branded "Illuvitar," which developers say possess "108 potential combinations based on six different Illuvials, three expressions, three background stages, and two finishes." D1SKs contain random Illuvitars and accessories and can be traded on the Illuvi decentralized exchange. In addition, NFT holders will be entitled to early access to Illuvium's creature collector games, Illuvium Overworld and Illuvium Arena, and other perks. Cointelegraph reported in February 2022 that GameStop selected Ethereum layer-2 scaling solution Immutable X to power its NFT marketplace.
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🖼 Art NFT Marketplace and Community HeartX Announced its Open Beta Launch
HeartX, a Web3 art NFT marketplace and community, is excited to announce the Open Beta launch of its app product. This marks a significant milestone in the development of the platform, bringing the power of blockchain technology and a vibrant art community together. HeartX has been deployed on zkSync Era, an Ethereum Layer-2 network, and kicked off its Closed Beta Test in April. Its Vote-to-Earn system commits to redefining the value of art. Decent Arts focuses on the physical and digital art market and have created an online art community for trading and communication. It has launched digital art collections and incubates a richer metaverse and Web3 products to allow more people to connect, understand, and finally fall in love with art. The team currently has 30 members who are responsible for product planning, artist cooperation, technology development, platform operations, etc. Most of the members come from successful Internet companies in diverse fields including gaming, live broadcast, social networking, e-commerce, art, blockchain, digital collections, and more.
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🖼 Minecraft still yet to implement planned ban on NFTs
In July 2022, the announcement that Minecraft intended to ban the use of NFTs (non-fungible tokens) on player-run servers caused a significant stir in the Web3 community. However, nearly a year later, the anticipated action is yet to be enforced, though it remains on the horizon. Mojang, the game developer owned by Microsoft, revealed in a news post last summer its intention to update the game’s usage guidelines to outline specific restrictions regarding the incorporation of NFTs. The platform’s initial plans to ban NFT usage were prompted by the emergence of unofficial and community-driven Web3 projects centered around the popular game. As of 2021, Minecraft boasted 141 million monthly active players across all devices, according to Microsoft. Mojang specifically highlighted its intention to prohibit the use of NFT assets that “gate” or restrict access to certain content or features on fan-operated game servers. While players are permitted to charge for server access, these features must be available to everyone. NFTs, on the other hand, introduce the possibility of exclusive features limited to a select group of asset owners.
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📣 Metaverse Beauty Week is around the corner
Online virtual worlds such as Decentraland, Spatial and Roblox are coming together to host Metaverse Beauty Week next week. Taking place from June 12 to June 17, this inaugural event promises to be a celebration of beauty and creativity in the metaverse. The team at creative agency CULT will be working in partnership with global beauty brands and connecting them with digital designers to shake up the virtual beauty industry. Some of beauty week’s largest sponsors include international brands such as LUSH and Neutrogena. Attendees will have the opportunity to participate in different games, collect wearables for their avatars and virtually interact with their favorite beauty products. Although this will be the first ever beauty week held in the metaverse, it will not be the first time the team has worked together to hold a large-scale virtual event. Metaverse Fashion Week saw brands such as Adidas, Tommy Hilfiger and Coach in attendance. Smaller community designers also participated, and avatars were able to collect free wearables, watch a fashion show and interact with other community members.
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📣 Mayo Clinic Doctors Using Metaverse Technology For Surgeries
Mayo Clinic, a leading not-for-profit healthcare organization in the United States, is leveraging the technology in collaboration with an extended reality (XR) service provider in healthcare, Surgical Theater. Patient 3-D scans enable a surgeon to look through bones and tissue without slit opening a person. Moreover, it works in real-time, a doctor said. The 160 years old healthcare institution has used augmented reality for brain surgery before. Dr. Maziyar Kalani, a Mayo Clinic neurosurgeon. Metaverse technologies are coming handy in different sectors. Last month, The Lantern, an Ohio-based news provider, reported the State will use virtual reality (VR) to train first responders. The Ohio State team is preparing for extreme scenarios which the Ohio Task Force 1 medical manager, Nicholas Kman, explains are ‘high in stakes and low in frequency.’. Greenpeace, an environment-focused campaign, revealed realistic experiences of rich environments using virtual reality domes to raise climate awareness during Brighton Fringe, England’s biggest art festival. The initiative emphasized on bringing regions including Amazon and Antarctic in front of people using the technology to draw their attention to what global warming is taking away from them.
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⚡️ Metaverse Beauty Week is a Beauty-focused Shindig in Cyberspace
Beauty, more beauty, nothing but beauty. That’s what’s in store from this inaugural Metaverse Beauty Week, developed by the creative agency CULT. The event is billed as “the first annual beauty festival in the metaverse," with a slogan that says it all: “Reality Gets a Makeover." Like Metaverse Fashion Week, the second edition of which took place in March, the event will offer a host of immersive experiences, aimed at brand customers and video game aficionados alike, all themed on cosmetics and, more broadly, well-being. Unusually, this first event of its kind will be held in several large-scale virtual universes, including Roblox, Decentraland and Spatial. Not content with taking part in entertaining experiences — according to the program unveiled by The Industry.Beauty, Lush will present a giant bath bomb — users will be able to try out beauty-themed games, attend hairstyling masterclasses, benefit from tips and tricks, and discover numerous cosmetics in NFT form. All will be presented by a host of brands that should appeal to beauty fans. To take part, simply register with an email address to unlock your personal access to the festival, then click on the red ‘Jump In’ icon once the event has started.
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🟣 US-Based Crypto Exchange Kraken Officially Rolls Out New NFT Marketplace
Crypto exchange Kraken is announcing that its new non-fungible token (NFT) marketplace is now available for the general public following months of testing the platform with a select group of users. “Since first opening Kraken NFT to beta testers, we’ve been building new features, adding more collections, and simplifying the NFT trading experience for all… We are no longer in Beta. Presenting Kraken NFT — your gateway to buying, selling, and learning about NFTs!”. Kraken is rolling out the marketplace with over 250 NFT collections from Ethereum (ETH), Solana (SOL) and Polygon (MATIC). The platform offers digital goods from CryptoPunks, Bored Ape Yacht Club, DigiDaigaku, Nakamigos, Solana Monkey Business and Reddit Collectible Avatars. The exchange says the marketplace will not collect gas fees from users who buy and sell NFTs but will charge for transferring NFTs and other crypto assets on and off the Kraken platform. “We’ve expanded the number of NFT collections available on Kraken NFT from 70 to over 250 (with no plans to slow down), we’ve also integrated one of the fastest growing blockchains for NFTs in the space.”
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🖼 Foundation Announces Dynamic NFT Pricing Feature
The NFT marketplace Foundation has launched Dynamic Pricing, a new, automated feature on the platform meant to simplify pricing for creators, according to information shared exclusively with nft now. Dynamic Pricing leverages a Rebate Dutch Auction mechanism, a pricing model designed by Foundation to help creators navigate the complex and often intimidating process of pricing their creations. Appropriately estimating the price of an NFT can be tricky as a creator in Web3; if the price is too high, it could result in sluggish or (in some cases) no sales at all. Conversely, setting the price too low could lead to a rapid sell-out, leaving creators feeling they could have earned more for their work. The uncertainty surrounding this facet of the industry adds an unhappy element of unpredictability to a market already known for its volatility and ambiguity. By permitting the market to influence the pricing, Dynamic Pricing takes into account variables that creators can struggle with balancing, including personal profit, collector accessibility, and experience, as well as the likelihood of a sell-out.
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🖼 NFT platform Enjin forks Polkadot parachain Efinity to new mainnet
Nonfungible token (NFT) platform Enjin has announced its transition to a new mainnet called Enjin Blockchain, aiming to further Web3 adoption. Following the transition, its Polkadot parachain called Efinity has been forked to the new blockchain. Enjin team highlighted that Enjin Blockchain would differ from other blockchain solutions that rely on smart contracts. According to Enjin, functions like creating and transferring NFTs. Apart from this, the blockchain also presents new features. These include “Fuel Tanks,” which lets developers subsidize user transaction fees, and “Discrete Accounts,” which allows users to interact with projects using its blockchain without downloading specific wallet software. The team also informed its community that Efinity, its Polkadot parachain, has also been forked to the new mainnet. It will be called the Efinity Matrixchain and support a transition for its existing users. Enjin co-founder and chief technology officer Witek Radomski said that the launch of the Enjin Blockchain aims to support creativity by making it easier.
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🖼 ‘Stand With Crypto’ NFT Spreads Across Crypto Twitter Amid SEC Crackdown
The past 48 hours have been grim for the crypto industry. On Monday, the Securities and Exchange Commission (SEC) sued crypto exchange Binance and its founder and CEO Changpeng Zhao for allegedly violating federal securities laws. The next day, the SEC filed a lawsuit against Coinbase over similar allegations. Later in the afternoon, the SEC sought to freeze assets related to Binance.US, the exchange’s US-based entity. The crackdown isn’t surprising to some; however, it’s added to the frustration around the lack of policy and regulatory clarity in the United States surrounding crypto. While the lawsuits are so far only against Binance and Coinbase, the entire industry has been shaken up by the news, and the value of tokens named in the filings has plummeted. Some critics hyperbolized that the situation could mark the downfall of crypto. Since Monday morning, figures across the crypto space have minted Coinbase’s Stand with Crypto non-fungible token (NFT) on minting platform Zora to mark their commitment to crypto while demanding regulatory clarity.
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💰 Mark Cuban collaborates with Book.io to release NFT e-book on Polygon Blockchain
Mark Cuban has joined forces with Book.io, a leading digital content publishing company that operates on various blockchain networks, including Ethereum, Cardano, Algorand, and Polygon. Together, they are set to release Cuban’s e-book titled How to Win at the Sport of Business as a non-fungible token (NFT) exclusively on the Polygon network. Known for its low fees and fast transactions, the Polygon blockchain provides the ideal platform for this venture. Mark Cuban’s NFT collection will encompass a limited edition of 10,000 e-books, each featuring 285 distinct AI-generated cover designs. The digital content publisher, Book.io, had previously hinted at their collaboration with Mark Cuban during a recent episode of the “BanklessHQ” podcast. Notably, Book.io differentiates its NFTs by referring to them as Decentralized Encrypted Assets (DEAs), offering users ownership rights and the ability to access, read, resell, and share digital content. The book will feature a collection of Cuban’s finest material sourced from his renowned Blog Maverick.
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⬜️ OKX Wallet is the Only Multi-Chain Wallet to Support Bitcoin NFT Trading via its Ordinals Market
OKX Wallet today announced that it has enabled Bitcoin NFT trading on its Ordinals Market. This makes OKX Wallet the first decentralized, multi-chain wallet that allows web and mobile users to trade Bitcoin (BTC) NFTs, view and transfer Bitcoin ordinals, as well as trade BRC-20 tokens across 60+ blockchains via one solution. It is also the only multi-chain wallet that offers zero trading commission fees and supports batch listing. OKX Wallet has added a new 'BTC NFTs' tab to its Ordinals Market, giving users the option to buy, sell and transfer inscriptions. Users can also view the assets they own in the home tab of OKX Wallet, with ordinals appearing in the NFT sub-tab. The OKX Wallet stands out as the first multi-chain Web3 wallet to use multi-party computation (MPC) technology, which improves security by eliminating a single point of failure and makes it easier for users to recover access to assets in emergencies. As a truly decentralized, self-custody wallet, all transactions and tokens are on-chain, following the Bitcoin philosophy of 'not your keys, not your coins.'
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🖼 Blue chip collaterals help stabilize NFT lending: Paraspace
According to a recent report published by nonfungible token (NFT) money market protocol Paraspace and multichain wallet BitKeep, the current amount of NFT borrowing and lending, or NFTFi loans, has surpassed $430 million across 43,521 borrowers. The highest proportion of collateral comprised the most popular NFT collections, such as Wrapped CryptoPunks, Bored Ape Yacht Club and Mutant Ape Yacht Club. Researchers at Paraspace and BitKeep said that NFTFi added $25 million in outstanding loans from January to March. Also contributing was the introduction of a digital collectible lending protocol by NFT marketplace Blur, which surpassed $16 million in loans one day after its launch, led by Taiwanese celebrity Machi Big Brother. Yet, the real impetus was the invention of Bitcoin Ordinals, which boosted total NFT market transaction volume to $1.5 billion in March but shrunk to $330 million in May. Despite the growth, however, Paraspace and BitKeep researchers warned that liquidity concerns remain a constant theme in the sector.
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🖼 WIN NFT HERO V2.1 Open Beta Launches with a Million-Dollar Prize Pool for S1
WIN NFT HERO is a TRON-based strategy game that combines GameFi and NFTs, providing players with full ownership of their in-game NFT assets, including heroes and equipment. It is viewed to be the blockchain version of Teamfight Tactics (TFT), where players strategically position the heroes based on their abilities to secure victories in battles. According to the official announcement, WIN NFT HERO v2.1 Open Beta Test was launched on June 1, 2023. WIN NFT HERO S1 adopts a thrilling new point-based PvP ranking system, and all battles will take place in the arena. To engage in PvP combat, players need to have three N-level or higher quality heroes and click on "Arena" on the left panel of the home screen or locate the NPC Emily within the in-game town. In this mode, players will be ranked by their total points earned, which is calculated using a point system that awards points for a win and deducts points for a loss. Season 1 of WIN NFT HERO will feature generous token rewards, including $NFT, $WIN, and WNH, along with rare NFT assets.
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🖼 Bored Ape NFT Locks an Influential Movie Contract
Merging cutting-edge technology and cinematic storytelling, a new screen star is being born. The esteemed BAYC NFT, Bored Ape #2758, is making its foray into the movie world, thanks to its loving owner, ‘Rzubi.ETH‘, striking a remarkable deal with Pirexia Films. The Netflix director JM Cravioto is taking charge of this cinematic experience, whose best known for his engaging El Chapo series. NFT enthusiasts and film fans alike are eagerly awaiting this pioneering cinematic marvel. The BAYC-featured movie not only marks the very first appearance of an NFT actor staring in a film but also issues BAYC #2758 a salary that matches the coveted Screen Actors Guild (SAG) alongside other fully-fledged membership privileges. Rzubi — a proficient movie producer at Pirexia Films — recently shared alluring revelations regarding the film’s essence. At the root, this enthralling creation manifests a romantic comedy that astutely explores the transformative journey of a social media personality. Stripped of her digital identity following an unsettling breakup, she embarks on a quest of personal exploration, unearthing her inner essence beyond the digital realm.
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🖼 Trip.com introduces Trekki NFT to improve the travel experience
Non-Fungible Tokens were originally introduced to bring artists under the limelight, eliminating the requirement of walking around for recognition. They, NFTs, have now gained an expanded utility in the digital world. The introduction of Trekki NFT by Trip.com is one such example. The objective is to enhance the travel experience of the users. With NFTs in the picture, it is right to assume that not just the utility but the overall experience is gaining a huge push from this Web3 project. Trekki NFT established a unique intellectual property with lasting value. It successfully captivates the worldview and immersive storyline. What makes the first Web3 venture of Trip.com stand out in the market is its ability to redefine the case utility of non-fungible tokens. The short-term plan is to collaborate with industry organizations to offer exceptional travel experiences. Most of it is likely to include hotel bookings, discounted flight tickets, and tickets to access attractions. Discounted flight tickets are rather the most happening to offer a user would come across while stepping into the Web3 world of Trip.com.
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