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⬜️ OKX Wallet Users Can Now Access Origin Protocol, an NFT and DeFi Platform
OKX, a leading Web3 technology company, has issued updates for August 8, 2023. OKX Wallet has now integrated with Origin Protocol, a Web3 protocol that aims to bring NFTs and DeFi to the masses. With this integration, OKX Wallet users can access Origin Protocol's solutions - such as its NFT launchpad and Ethereum liquid staking capabilities - via web extension. OKX Wallet Users Can Now Access Origin Protocol, an NFT and DeFi Platform OKX Wallet is a universal crypto wallet available on multiple platforms and interfaces, including app, web and web extension. It enables users access to 3,000+ cryptocurrencies, 60+ networks, thousands of DApps and a one-stop decentralized NFT Marketplace. On 7 August, 2023, OKX Wallet announced that its account abstraction-powered Smart Account, which enables users to pay for transactions with stablecoins USDC and USDT and interact with multiple contracts in a single transaction, is now open source across seven blockchains. A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike.
NFTs | OpenSea | News
🖼 Bloxies NFT Unveils $BXC Memecoin Launch with 'The Moonsale' event on FinLaunch
Bloxies NFT announced the launch of Bloxies Memecoin ($BXC) with a bang. Just 2 weeks after minting out, Bloxies skyrocketed to the top of the charts of the leading NFT marketplaces OpenSea and Blur. Early believers who grabbed their Bloxies for free on the mint day are now in delight as floor prices have surged up to 40 times. The project seems undeterred by the ongoing market sentiment. This exciting new Web3 IP was incubated by the biggest Asia-based NFT communities, aiming to create an adventurous journey into the Bloxies universe. The enchanting charm of Bloxies has captivated a diverse range of enthusiasts, including the famed Philippine celebrity and media darling Bea Binene. As a Bloxies owner, she's immersed herself in the world of NFTs and found a whole new realm of excitement. "The Bloxies collection isn't just another NFT; It's a journey," Bea shares. "I’m bullish, excited, and I look forward to the adventures my AI-Robot buddies and I will share." To ramp up the excitement, the Bloxies team has unveiled an exhilarating promotion leading up to the launch. Participants stand a chance to win a share of the $1,000 Bloxies Coin prize pool, and five lucky winners will be proud owners of a Rare Bloxie. The full mechanics can be found on Bloxies' Twitter account.
NFTs | OpenSea | News
🖼 NFT artists lose fortune as royalties plummet
Artists behind the once-thriving Non-Fungible Token (NFT) market are grappling with dwindling fortunes. The world of digital collectibles, which once soared to unimaginable heights, is now undergoing a massive shake-up. Leading NFT platforms Blur and OpenSea, perhaps in desperation or sheer audacity, have opted for slashing the royalties handed out to artists. It’s a transparent bid to revitalize the sagging buying and selling activity. These platforms seem to be in a free-fall race, putting their profitability over the very creators who fueled their platforms in the first place. Trading volumes have plummeted, taking a nosedive of a staggering 95% since January 2022. To throw more salt on the wound, royalties, which once touched the $269 million mark, recorded a measly $4.3 million this July. Phillip Kassab of Sei Labs aptly highlights the flawed strategy of undermining creators, indicating that the balance between traders and artists is fragile, and toying with it could be catastrophic. The landscape of the NFT domain changed with the introduction of Blur. This new player’s audacious strategy, centered around slashing royalty rates, sent shockwaves through the market, pushing even giants like OpenSea to rethink their approach. Notably, Blur now boasts of managing a whopping 70% of daily volume on the Ethereum blockchain.
NFTs | OpenSea | News
🖼 Former Alibaba Exec Foresees NFT Ticketing Benefiting More than Scalpers
Former Alibaba executive Toby Rush explains why NFT tickets have an edge over the traditional system. NFT sales have had a rocky start in 2023 but the underlying technology still holds plenty of utility. Ticketing is an interesting yet underdeveloped facet of the NFT space. It stands out as a promising frontier for NFTs in the ever-evolving world of digital advancements. As a noteworthy application of NFTs, NFT tickets play a significant role in signifying ownership and facilitating access to exclusive experiences and events. By providing verifiable proof of ownership and authenticity, NFT tickets offer the potential to revolutionize digital authentication and enhance the user experience. The rise of NFTs and their applications in ticketing systems has sparked interest and conversations across various industries and stakeholders. According to former Alibaba executive Toby Rush, brands and events alike have adopted NFTs into their ticketing processes, reaping rewarding results for both customers and organizations over the past couple of years. The trend is catching fire, captivating a diverse range of stakeholders in what is being touted as an innovative and mutually beneficial landscape. This means organizers can at least get a cut of every secondary sale, unlike traditional ticketing, where scalpers are the only ones to profit from resales.”
NFTs | OpenSea | News
🔫 Roblox has potential to become master of the metaverse
The metaverse is a virtual world that allows people to participate directly in online experiences. Roblox (NYSE: RBLX) has established itself as an early leader in the metaverse space, with the potential to become one of the biggest players in entertainment and social media. Roblox is a platform housing a range of individual games and social opportunities, and it adds content regularly. Participants earn in-game currency that can be exchanged for real-world money based on user interactions with their creations. First launched in 2006, Roblox has increased engagement and monetization. The average number of active users on the platform daily rose 22% year over year in the first quarter, reaching 66 million, while revenue climbed 22% year over year, to $655 million. Roblox is likely years away from profitability, as it’s still spending a lot of money in order to grow. It does have a strong balance sheet, though, having ended the first quarter with roughly $2.1 billion in cash, cash equivalents and investments net of debt. It looks like a buy-and-hold stock for long-term, growth-focused investors to consider. (The Motley Fool owns shares of and has recommended Roblox.)
NFTs | OpenSea | News
🖼 Amazon Prime Is Giving Out Free NFTs for This Polygon Game
Mojo Melee, an NFT game built on Ethereum scaling network Polygon, has partnered with retail giant Amazon to give away NFTs for Amazon Prime subscribers. The first offering, available now via the Amazon Prime Gaming portal, is a free package that includes an NFT and in-game currency to Prime subscribers who create a new player account for Mojo Melee. The pack includes one NFT for champion character Gwyn Rockhopper as well as 885 Ore—a non-crypto, in-game currency. According to Mojo Melee developer Mystic Moose, the character is offered as an NFT right out of the gate, whereas Mojo Melee’s in-game progression system typically requires players to hit a certain character level before they can mint champions as NFTs. It’s a “special offer” as part of the Amazon partnership, a representative told Decrypt. The Amazon deal is set to last six months and includes additional monthly drops of free in-game NFTs and other content, providing ongoing opportunities for Prime subscribers to check out the game and have a potential advantage over non-subscribers. Mojo Melee, which is playable via web browsers as well as an Android app, puts a casual spin on the “auto battler” genre that combines elements of chess and real-time strategy games.
NFTs | OpenSea | News
🖼 NFT see a fall in its Ethereum gas consumption rate
According to Cointelegraph, Ethereum gas consumed by non-fungible tokens (NFTs) dropped significantly after it saw an increase in its rate in 2021. It is expected that the NFT marketplaces and projects which had occupied top spots in gas consumption earlier saw a decline in the past two years. This is expected to indicate a possible shift in terms of NFT use, where more users might be choosing to hold on to their assets instead of exchanging the assets on marketplaces. Sources revealed that NFT marketplaces only accounted for just over three percent of the entire gas consumption in a weekly period in May. It is believed that this took place during a surge in Ether (ETH $1,837) gas prices. This is expected to result into people believing that NFTs were only a “product of excess liquidity” due to money printing during the pandemic, as per insights from Nansen, a crypto analytics platform. Furthermore, currently, Blur, OpenSea, SuperRare, LooksRare and Rarible only account for about 1.85% of the gas consumption for the entire Ethereum network, Cointelegraph concluded. With insights from Glassnode, an on-chain analytics platform, gas usage by NFT marketplaces is currently on a downward trend.
NFTs | OpenSea | News
🖼 R/GA Launches First-of-Its-Kind WEB3 and NFT Experience for Toyota Australia
GR-ID is a beta Web3 and NFT program designed to reward eligible GR Yaris Rallye owners. Each GR-ID NFT features a unique set of traits that echo the spirit and energy of the GR Yaris Rallye, an iconic hot hatch born from World Rally Cars (WRC). A limited collection of unique NFTs were created, ready to be minted on the blockchain and gifted to members for free, unlocking a range of rewards. Opening up a new avenue for ongoing engagement to drive loyalty, GR-ID also includes the rare opportunity to ‘evolve’ the NFT’s. The beta project had over 25% of available NFTs minted in the first week, with all 20 helmets quickly snapped up by their lucky owners. One third of eligible owners have engaged with the program to date. R/GA worked closely with Toyota Australia to develop the customer experience strategy and led the brand and web design for the project, following the successful launch of GAZOO RACING CLUB membership program for Toyota in 2021. Rotor handled NFT asset production, while Moonshot led Web3 strategy, website development and blockchain integration. Michael Titshall, CEO, Australia, R/GA, said, “If brands are going to continue to generate loyalty from their customers, they need to adapt to new behaviours and opportunities. Toyota is constantly looking for innovative ways to engage with their communities.
NFTs | OpenSea | News
❕ Elvis Presley NFT Avatars Coming to The Sandbox Metaverse Game
Ethereum metaverse game The Sandbox has confirmed a release date for a series of officially licensed Elvis Presley NFT avatars designed to celebrate the late musician’s long-standing legacy. First announced last year via the Elvis Presley Legacy Council, which is introducing the music icon into various online and blockchain-based platforms, each of the 3,000 avatars will feature familiar outfits and hairstyles from across Presley’s historic career, alongside a series of unique emotes inspired by his signature dance moves. The NFT-based avatars—which are minted on Ethereum scaling network Polygon—will be fully playable in all future Sandbox multiplayer experiences, and will also unlock upcoming features and content in the metaverse space. The public sale is set to begin August 9 following an exclusive 24-hour purchase window for owners of The Sandbox’s NFT-based land and certain avatar collections, as well as those who registered for an allowlist. Holders of the avatars will also have governance and voting rights for the Elvis Legacy Council DAO, or decentralized autonomous organization—essentially an online community, one which in this case will help decide future moves around Presley’s digital expansion. The council has also previously revealed plans for another Ethereum metaverse game, Decentraland.
NFTs | OpenSea | News
🖼 Despite Name Brand NFT Deals, Nifty's Shuts Down
A social network turned Web3 creators portal that managed to work with some of the biggest names in entertainment announced that it was shutting down today. Nifty's was backed by preeminent businessmen Mark Cuban and Joe Lubin in 2021 with a $10 million raise that included investors like Coinbase Ventures and Dapper Labs. Thanks to a deal with entertainment giant Warner Bros., Nifty's came out of the gate offering NFTs based on the 1996 film "Space Jam," featuring sports stars like LeBron James and various Looney Tunes characters, to promote a 2021 sequel. The platform—which has no connection to the Gemini-owned Nifty Gateway marketplace—continued to release NFTs featuring immensely popular franchises, including "The Matrix" and "Game of Thrones"—the latter of which was soundly mocked for poor designs. But with its "limited resources in a difficult market," Nifty's "pivoted to developing a platform for Web3 creators," according to a company update posted to Twitter. "Since then, we’ve been heads down building our new product and working on opportunities to access the capital required to keep building," the company explained. In May, the company announced that it was shutting down its website to make way for its new platform, which would use decentralized storage. Nifty's also moved many of its digital assets to the Polygon blockchain, which it noted would be compatible with popular NFT marketplaces like OpenSea.
NFTs | OpenSea | News
🖼 Amazon Prime Partners with NFT Game Mojo Melee to Offer Free NFTs to Subscribers
Polygon-based NFT game Mojo Melee has joined forces with retail giants Amazon to offer free NFTs for Amazon Prime subscribers. Starting now, Prime subscribers can access a free package via the Amazon Prime Gaming portal, which grants them an NFT and in-game currency upon creating a new player account for Mojo Melee. The package includes an NFT for the champion character Gwyn Rockhopper and a generous amount of 885 Ore, which serves as a non-crypto, in-game currency. Unlike the regular in-game progression system of Mojo Melee, where players have to reach a certain character level to mint champions as NFTs, the character Gwyn Rockhopper is immediately available as an NFT thanks to the Amazon partnership. The collaboration with Amazon spans six months and includes monthly drops of free in-game NFTs and additional content. This ongoing promotion allows Prime subscribers to explore the world of Mojo Melee and gain an edge over non-subscribers. Mojo Melee offers a refreshing take on the "auto battler" genre, combining elements from chess and real-time strategy games. Players can enjoy the game on web browsers and via an Android app, making it accessible to a wide audience.
NFTs | OpenSea | News
🖼 GameStop Is Killing Its NFT Wallet and Blames ‘Regulatory Uncertainty’
GameStop cited the “regulatory uncertainty of the crypto space” for the move—an increasingly familiar explanation for the drawdown or cancelation of a digital assets initiative. The news was revealed today via a pop-up message on its own NFT marketplace. Support for the wallet—via both a Chrome web browser extension and iOS mobile app—will cease on November 1. The retailer advises users to ensure that they’ve backed up their wallet’s secret passphrase by October 1, ahead of the shutdown. The wallet was originally launched in May 2022. GameStop’s message alludes to recent developments in the crypto industry, particularly an increase in enforcement actions by the United States Securities and Exchange Commission (SEC) under the leadership of Chair Gary Gensler. The SEC has filed suit against major exchanges Coinbase and Binance in recent months, along with other companies and projects. GameStop’s latest move comes almost two months after the firm fired CEO Matt Furlong, who had served in the role during the launch of the wallet and marketplace, as well as the firm’s partnership with Ethereum scaling network Immutable X. That deal included a $100 million incentives fund for developers building on the network.
NFTs | OpenSea | News
🖼 Gaming Giant Bandai Namco Launches AI Virtual Pet NFT Game
Major video game creator Bandai Namco has teamed up with Oasys, a gaming-centric blockchain network, to create an AI-powered virtual pet game around a series of NFT-based digital creatures known as RYU. Developed by Bandai Namco Research alongside Japanese startup Attructure, and published by Double Jump.Tokyo, the RYUZO game launched Wednesday. In advance of the release, 10,000 digital NFT eggs (or MARYU) were airdropped to holders of Oasys’ first series of NFTs in the “Oasyx” project. Upon hatching, the RYU will then transform into a soulbound token, a type of token that is locked to its original wallet and cannot be transferred or sold. Similar in approach to the classic Tamagotchi virtual pet game, the RYU will develop a personality and unlock different abilities based on user engagement. It can be fed and raced, too. According to Oasys, the creatures learn new capabilities thanks to artificial intelligence, delivering a potentially more advanced virtual pet experience than past efforts. Players will also be able to create further generations of MARYU within the application. As it stands, the nurturing phase of the game experience is scheduled to end in a year's time, but the creatures will remain active beyond that.
NFTs | OpenSea | News
🖼 Hurley Drops NFT Digital Collectibles and new Super Surfer™ Game
HURLEYVERSE™, When it comes to virtual creations and web3, the iconic action sports brand Hurley knows there's an ocean of possibilities. Which is why they're so stoked to announce the Hurley Super Surfer™ Game and the Hurleyverse™ at large, a cutting edge way for the brand to merge gaming and the exciting world of blockchain technology — all while staying true to their surf DNA. Dropping August 30th Hurley gaming fans can up their gameplay (and street cred) with Hurley NFT digital collectible players; surf-ready sloths inspired by the sport's greatest athletes. Available for purchase on Jump.Trade, these collectible sloth surfer avatars can be used in the Hurley Super Surfer™ Game and come with built in performance advantages and exclusive Hurley styles. Plus you can claim a coveted Hurley hoodie. The Hurley NFTs Pre-booking opens on August 1st here Hurley Digital Collectibles. NFT avatar or not, all are welcome to drop in, dodge sea monsters, and collect Hurley Sand Dollars as they ride waves of varying degree of skill level when the Hurley Super Surfer™ game becomes available for download on Google Play and the App Store on August 30th.
NFTs | OpenSea | News
🔫 Web3 Leader Yuga Labs Strengthens Metaverse Position With Roar Acquisition
Yuga Labs, a prominent leader in the web3 space and known for pioneering projects like Bored Ape Yacht Club (BAYC), CryptoPunks, and Meebits, has announced a strategic acquisition that further solidifies its position in the evolving metaverse landscape. The star attraction of Roar Studios is its brainchild, ROAR, an immersive media experience that redefines how artists and fans interact in the metaverse. With real-time connectivity, collaboration, and competition from any location, ROAR has carved a niche for itself in the world of experiential multimedia. As Yuga Labs ambitiously develops Otherside, its innovative and interoperable metaverse, the acquisition of Roar Studios brings onboard a team of visionary tech pioneers. They will lend their expertise, specialized knowledge, and leadership to help enhance Yuga’s metaverse strategy and revolutionize content creation and social interactions within the virtual world. Following the acquisition, Eric Reid, Founder and CEO of Roar Studios, is slated to lead Otherside as its CEO, leveraging his two-decade-long experience in building teams and curating film, television, and music content. Reid’s vast expertise will complement Yuga’s experienced executive team as they strive to shape Otherside into an innovative, user-centric platform.
NFTs | OpenSea | News
🖼 Borderless Art Comes to Life With Superchief's Network of NFT Galleries
Digital art and NFTs have transcended the confines of the metaverse–or they hope to very soon. Edward Zipco, the founder of Superchief Gallery, which opened in Manhattan in March 2021, is working to speed the process up. During the EthCC event held in Paris in July, he unveiled his plan to create a global network of 50 physical NFT galleries, where artists and exhibitions could seamlessly travel between different countries. Kicking off the world tour? IHAM Gallery, Europe's first native NFT Gallery, based in Paris. The venue hosted Superchief’s “Cyberpunk” exhibition during the EthCC. Another Parisian venue, the NFT Factory, as well as Unpaired Gallery in Switzerland, Knox Gallery in Japan, Uncommon Gallery in Korea, OX Society in Canada, and Oshi Gallery in Australia, are also part of the adventure. Each of the galleries already exists, but Zipco wants to better connect each of them via global exhibits, each existing simultaneously in all the networked galleries thanks to the unique characteristics of digital art. "The exchange of ideas and creativity among these galleries will be a testament to the global impact of the NFT movement, transcending borders and connecting artists and communities from diverse regions," Zipco told Decrypt. Grida, the Art Director at IHAM gallery, echoes this vision, aiming to leverage.
NFTs | OpenSea | News
🖼 Gala Games Releases NFT Mystery Boxes to Commemorate Inventory Migrating to 'GalaChain'
Gala Games, a pioneering platform in web3 gaming, announced today that they will be relocating unsold and reserve NFT game items from the Ethereum network to their newly launched proprietary blockchain, GalaChain. This move will allow gamers to use their NFTs without Ethereum gas fees and allow Gala Games to implement more robust web3 functionality within titles on the platform. As part of this move, Gala Games will offer various tiers of all new NFT Mystery Boxes to players featuring game items no longer available in the Gala Games Store. Each box contains three random game items from various titles in the Gala Games Ecosystem. All items within will be tokens on GalaChain, which currently can be transferred within the chain or utilized with zero gas fees, allowing the creation of these NFT Mystery Boxes, which would otherwise require significant gas to mint, distribute and reveal on the Ethereum Network. Gala Games is a leader in web3 entertainment dedicated to creating AAA game experiences that realize the full power of player ownership. Gala Games is powered by one of the largest networks of player operated.
NFTs | OpenSea | News
🖼 NFT Trader Admits Nabbing $1.5 Million in Ethereum After ‘Elizab.eth’ Gets Rekt on Blur
A series of transactions on the NFT marketplace Blur has captivated Crypto Twitter and sparked questions of legality after a prolific trader going by the name of Hanwe Chang duped a competitor into buying certain Azuki NFTs at an inflated price. “[I] noticed that someone's bot was copying my bids on Blur, so I decided to trick him,” Chang said on Twitter, adding he had made a profit of 800 Ethereum with the strategy, netting close to $1.5 million. A relative newcomer compared to NFT marketplaces like OpenSea and SuperRare, Blur surged ahead in terms of trading volume earlier this year due to gamified incentives that reward users with tokens based on trade-related activity. This includes rewards for users that bid on NFTs by trait, a practice in which Chang has become established, according to Blur’s leaderboards. Profile picture NFTs, including those from Azuki, often have unique qualities that can impact their value based on rarity, like eye color or clothing. On Saturday, 12 Azuki NFTs that shared the specific background color “Off White A” sold simultaneously for 50 Ethereum worth $91,500 each. The previous Azuki NFT with an “Off White A” background had sold for less than 5 Ethereum.
NFTs | OpenSea | News
🖼 Mech Shooter 'MetalCore' Is 'Titanfall' Meets 'Destiny' With an NFT Twist
MetalCore is an online shooter that combines Destiny's open world with the intense mech combat of Titanfall—but with an NFT twist that allows you to own your vehicles and infantry characters. The aim in MetalCore is to complete missions, collect resources, and level up to craft vehicles, infantry characters, or mechs—a robot suit that helps you traverse the map and deal more damage. You can later mint these as NFTs via Immutable zkEVM, an upcoming Ethereum scaling network. MetalCore makes an immediate impression with its impressive graphics and appealing mech play, although there’s still room for improvement—and given its current alpha testing state, there’s time for developer Studio 369 to smooth out the rough edges. I recently tried out the game’s prologue demo and Alpha 3 playtest to get a sense of how MetalCore is shaping up. MetalCore’s prologue is a 10-minute tutorial that nicely introduces you to the basics of the game. This is clearly the most polished part of the game that I played, and it showed promising signs as one of a growing crop of upcoming NFT games that look and feel like truly premium experiences. MetalCore’s dystopian future world is beautifully presented despite the terrain having a naturally dull color palette.
NFTs | OpenSea | News
💰 Polygon’s NFT Metrics Decline After Initial Growth
Polygon’s NFT activity has experienced significant growth in recent months, but after a surge in April, the key metrics have seen a decline. This comes after the news of Ripple’s partial victory in its legal battle with the SEC led to a 20% surge in MATIC, Polygon’s native token. Polygon, an L-2 solution for Ethereum, aims to address scalability issues in the DeFi space. Its zkEVM mainnet launch in March garnered attention and positioned Polygon as a leading player in the industry. According to AI bot ChatGPT, Polygon’s zkEVM has the potential to greatly improve scalability, interoperability, and security of the network, attracting more users and use cases. When comparing Polygon’s zkEVM to zkSync, the AI bot suggests that the choice may depend on factors such as developer familiarity, specific use cases, and project goals. While Solana is a competitor in the DeFi space, ChatGPT believes that both networks can coexist to serve different use cases. However, after “jailbreaking” the AI, a different response revealed that Solana could become a major competitor for Polygon in the future. Polygon has other projects in the pipeline, such as Polygon Miden, which has the potential to fuel growth.
NFTs | OpenSea | News
🇺🇸 FBI warns of scammers posing as NFT devs to steal your crypto
The FBI warned today of fraudsters posing as Non-Fungible Token (NFT) developers to prey upon NFT enthusiasts and steal their cryptocurrency and NFT assets. In these attacks, the criminals gain unauthorized access to NFT developer social media accounts or create nearly identical accounts to promote "exclusive" NFT releases. This allows them to lure targets with misleading claims of "limited supply," labeling the promotions as "surprises". Unsuspecting victims click on the provided links only to be redirected to phishing websites that masquerade as legitimate extensions of specific NFT projects. The scammers go to great lengths to replicate the appearance and user experience of real NFT platforms, making it harder to notice that they're actually phishing landing pages. On these fraudulent websites, victims are prompted to connect their cryptocurrency wallets for NFT purchases. However, this seemingly innocuous action sets off a drainer smart contract that transfers their cryptocurrency and NFT assets into the criminals' wallets. FBI urges NFT enthusiasts to exercise caution when engaging in NFT-related activities:
NFTs | OpenSea | News
🖼 BEET VAN SWIM Announces His First NFT Collection, Challenging Modern Art Consumption Behaviors
BEET VAN SWIM, an artist based in Ibaraki Prefecture, Japan, has announced his first NFT collection, "DIGITAL FINE ART," on the NFT marketplace Foundation. The collection features 10 conceptual paintings, each showcasing a unique artistic identity. The floor price of the collection is set at 2.24 ETH (approximately $1,800 USD at current rates). To purchase these limited NFTs, virtual currency wallets, such as MetaMask, need to be connected to the Foundation marketplace. Born in 1962, BEET VAN SWIM is an art creator based in Ibaraki Prefecture, Japan. His creative journey began at the age of 20, and he studied painting techniques at the School of Fine Arts in New York from 1994 to 1996. While BEET VAN SWIM has been actively involved in analog painting throughout his long artistic career, he embarked on digital artwork creation around 2020. Through the "DIGITAL FINE ART" collection, BEET VAN SWIM has skillfully merged his scrupulous painting techniques, developed over almost four decades, with digital technology to establish a distinctive and avant-garde artistic style. BEET VAN SWIM interprets this collection as a means to challenge a sense of loss towards contemporary consumer behaviors, dominated by the digital technology.
NFTs | OpenSea | News
🖼 Yue Minjun to Release Laughing Head NFTs
Chinese political pop artist Yue Minjun will bring his trademark laughing figures to the digital realm for the first time with the collection Kingdom of the Laughing Man. 'I've explored numerous media with my art over the years,' Yue said in a statement. 'This new digital frontier excites me the most as I can bring my art to life in a way that I haven't been able to with physical media.' . Alongside Fang Lijun and Liu Wei, both of whom have previously produced NFTs of their own. The Kingdom of the Laughing Man collection will launch with 'Boundless', a series of 1,200 unique NFTs in the PFP (Profile Picture) format made popular by Cryptopunks and the Bored Ape Yacht Club. Presented in collaboration with Los Angeles based iv gallery, the first drop from Yue's collection will take place on 8 August on the LiveArt platform. Prices for art-related NFTs peaked in 2021, and total sales fell from $2.9 billion in 2021 to $1.5 billion in 2022 according to The Art Market Report 2023. Museums including LACMA and Centre Pompidou acquired NFTs in 2023, while American sculptor Maya Lin minted her first NFT works in March.
NFTs | OpenSea | News
🖼 Moonbox Receives Investment to Launch AI-Powered NFTs
Moonbox, an artificial intelligence (AI) technology and Web3-focused start-up based in Hong Kong, has received a USD 1 million investment from OKX Ventures. The investment will be used to accelerate product growth and develop Moonbox’s core technology, which focuses on building applications powered by generative AI technology for use in Web3 and NFT applications. In addition to the investment, Moonbox has obtained a license to use the intellectual property (IP) of renowned Hong Kong actor Stephen Chow’s films, including “Journey to the West. The integration of AI and Web3 technology brings promising possibilities for the NFT ecosystem. Moonbox aims to create fully immersive experiences using generative AI technology, making NFTs more fun and valuable. The company believes this will result in a larger variety of use cases in the film and entertainment industries and attract users from all walks of life. OKX Ventures, known for identifying high-quality projects in the blockchain industry, has invested in over 300 projects globally. The investment in Moonbox is part of OKX’s efforts to promote the integration of AI and Web3 technology. Moonbox’s mission is to power the Web3 ecosystem and NFTs through the use of AI technology.
NFTs | OpenSea | News
🖼 Google Play's new policy invites NFT integration into apps
Google Play made a groundbreaking policy change recently, giving developers the green light to incorporate digital assets, including Non-Fungible Tokens (NFTs), into their apps and games. The announcement marks a significant step towards embracing blockchain technology and opens up new possibilities for the web3 gaming ecosystem. On July 12, Google Play's Group Support Manager Joseph Mills announced the policy change, which comes as a paradigm shift for traditional gamers. The integration of NFT-backed assets allows players to truly own their in-game items, providing them with the power to monetise their gaming skills and time through play-to-earn models. “These new guidelines were developed in close consultation with app and game developers,” Mills said. Shubham Gupta, co-founder and CPO at Indian web3 fan engagement platform STAN, highlights the benefits of P2E gaming models that Google Play would now help democratise. “Investing time and energy in a game is now rewarding with the play to earn gaming models, which allows users to earn a sustainable income through gaming directly, and also indirectly through content creation, flipping assets and investing right.”
NFTs | OpenSea | News
🪙 Ethereum NFT Royalties Cross The 699,816 ETH Mark
The world of Non-Fungible Tokens (NFTs) has taken the crypto market by storm, with eye-catching sales and high-profile celebrity purchases making headlines. However, there is another critical aspect of the NFT ecosystem that has been steadily gaining momentum and shaping the future of this revolutionary space: royalties. Recent reports show that royalties paid to NFT projects on the Ethereum blockchain have surpassed an impressive milestone, crossing the 699,816 ETH mark. Borroe NFT Marketplace stands out with a unique approach that has captured the attention of both artists and collectors alike. Borroe NFT Marketplace recognizes the value of creators and artists, and its platform ensures that artists receive royalties on every secondary sale of their NFTs. This commitment to ongoing compensation aligns with the growing trend of rewarding creators for their contributions and encourages a more sustainable and equitable NFT ecosystem. The platform leverages cutting-edge AI-powered risk assessment, ensuring secure and transparent transactions for buyers and sellers. This provides an added layer of confidence for participants in the Borroe NFT Marketplace, fostering a trustworthy environment for NFT trading.
NFTs | OpenSea | News
🖼 TRUE Announces Strategic Investment Round to Scale NFT Engagement Tools for Brands
TRUE, a leading platform providing white-label NFT solutions and engagement tools for Web2 businesses, initiates the launch of its strategic investment round. With positive signals from the crypto market indicating an opportune time for investments in emerging markets, TRUE's infrastructure and products are ready for rapid scaling and promotion. Having successfully closed its pre-seed and seed rounds, TRUE has evolved from a startup into a stable and thriving business, poised to embark on this confident strategic round. TRUE firmly believes that NFT utility is the unrivalled engagement solution for traditional Web2 companies in the crypto space. As more companies recognize the transformative power of NFT technology, it becomes increasingly clear that there is no alternative in the crypto world for engaging with the audience on a deeper level. As the company prepares for the launch of its native token, it is also proud to announce its partnerships with a top-tier market maker that operates with major exchanges, further solidifying its position in the market. This strategic round will enable TRUE to further expand its offerings and broaden its reach, delivering innovative NFT solutions to a diverse range of industries.
NFTs | OpenSea | News
💀 ApeCoin Price Sinks to All-Time Low as Bored Ape NFTs Dip Again
ApeCoin, the Ethereum-based token set to power Yuga Labs’ ambitious Otherside metaverse game and other apps, slipped to an all-time low on Tuesday as the firm’s “blue chip” Bored Ape Yacht Club NFT collection faced renewed pressure as well. Known for its link to the valuable Bored Ape profile pictures (PFPs), ApeCoin fell as low as $1.77 late Monday and into early Tuesday, according to CoinGecko. As of this writing, the token had rebounded to $1.84—but it was still down 1% over the past day and 9% during the last week. The meteoric rise of Bored Apes Yacht Club NFTs in 2021 and 2022 established its 10,000 simian-centered collectibles as icons of Web3 for mainstream audiences. But as the market for PFPs falters more broadly, assets associated with Yuga Labs’ smash hit appear to be falling back to earth. ApeCoin hit the market in March 2022 at a price of $8.54 and surged as high as $26.70 the following month. Bored Apes also reached a peak minimum price of 152 ETH or $429,000 in April 2022 as Yuga’s Otherside game prepared to launch NFT-based land plots that will let players customize their own spaces in the online world. The newfound low for ApeCoin represents a more than 93% decline from its all-time high.
NFTs | OpenSea | News
🖼 NFT Sales Fall 30% In July
The global non-fungible token market has recently crashed after the initial hype that followed its rise in popularity. In the past few weeks, most NFTs have fallen sharply in their floor price value, leading some investors to question their long-term viability. The NFT market started spiraling downward in the past few weeks, leaving many projects in massive losses. Data compiled by CryptoSlam.io, an on-chain data aggregator, shows that the once-booming non-fungible token market is down by nearly every traceable metric. During this period, non-fungible token hosted on the Ethereum blockchain has been the most traded NFTs, recording a trading sales volume of $315 million. Ethereum NFTs have dropped 21% in trading sales volume from the past month. Non-fungible token collections pegged on the flagship crypto “Bitcoin” has been the second most traded NFT collections this month. In the past 30 days, Bitcoin ordinals have attracted a trading sales volume of $63 million. This figure translates to a 48% drop from the past month. Non-fungible token hosted on BNB Chain, a community-driven, decentralized, and censorship-resistant blockchain from renowned crypto exchange “Binance,” takes fifth place this month. In the past 30 days, BNB Chain NFTs have recorded a sales volume of $23 million.
NFTs | OpenSea | News
🖼 NFT Now Announces Job Cuts Amidst Cooling NFT Market
NFT Now, a renowned web3 digital media platform leading the charge in tokenized media, has made a significant announcement regarding job cuts amidst a notable downturn in demand for digital collectibles. The company’s president, Alejandro Navia, took to Twitter (X) to share the news, explaining that they had expanded too rapidly during the bullish market phase, necessitating a reduction in staff. NFT sector has cooled off considerably compared to the peak demand it experienced during the pandemic era, primarily due to reduced liquidity injections. The concept of web3 media or tokenized media publications aims to address the challenges faced by web2 media firms by capitalizing on NFTs to build a strong community around their content creation. NFT Now is currently on a mission to empower cultural makers and encourage the widespread use of NFTs and web3. In a notable achievement, the media company launched its Now Pass token in March, which rapidly sold out at 0.25 ETH per token, generating an impressive $1.1 million in total revenue. NFT Now isn’t the only company in the industry facing difficulties in the current market conditions. Various firms are grappling with falling revenues and struggling to find ways to sustain their resources and survival.
NFTs | OpenSea | News