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🖼 Crypto Gaming Investments Surged in July as Metaverse NFTs Fizzled Out
The crypto gaming industry, which spans video games that use blockchain-based tokens or NFTs, collectively received a substantial $297 million in investment funding last month, according to a joint report from DappRadar and the Blockchain Game Alliance. Some 63% of that July funding was committed to infrastructure development—a detail that suggests the industry is still in its earliest stages. Investors are betting on tools and platforms that will facilitate future crypto and NFT-driven games. Compared to June, which saw a comparatively meager $68 million in crypto gaming investments, July was an explosive month for the industry. The report speculated that the low numbers in June could have been partly due to the broader crypto industry reeling from the U.S. Securities and Exchange Commission (SEC) targeting both Binance and Coinbase in June, sowing industry uncertainty. “It's a concentrated dataset that behaves with higher variance, given sample size. Think that any of those deals that merited $30M+ checks took several weeks to get done, and could have just as easily happened in one month or the other,” Pereira added. “From our side, it certainly didn't feel like anything was different.”
NFTs | OpenSea | News
🔥 $8 Million in Crypto & NFTs Mysteriously Burned
This week, an unknown crypto user by the name of “nd4.eth” has garnered attention after “burning” or destroying approximately $8 million worth of cryptocurrency and high-valued blue-chip NFTs – with no explanation – leaving the crypto and NFT communities baffled and deeply curious. The anonymous trader destroyed $3.3 million worth of the crypto tokens GMX and GNS, including several and very expensive NFTs, which comes just a few days after he also, without explanation, burned approximately $4.5 million in assets (approx. 2,500 ETH as of press time). Alongside the tokens, several high-value NFTs were also dispatched to oblivion. These included pieces from Bored Ape Yacht Club (BAYC), three Mutant Ape Yacht Club (MAYC) NFTs, and coveted CryptoPunk #5237. Taking a further look at the current floor prices of each of these NFT projects, this was an estimated value of around $225,000 (or 122 ETH) as of press time. This bizarre behavior through both transactions, however, was not done through a sale or transfer, but by sending these assets to a designated wallet address that nobody owns or has access to – removing all of those assets from circulation and forever untouched and inaccessible. At no surprise, the identity of nd4.eth and the motivations behind these dramatic actions are topics of intense speculation.
NFTs | OpenSea | News
🖼 Grimes says she's sad about crypto, despite banking millions from NFTs: Wired
Claire Boucher, the musician known as Grimes and former partner of Elon Musk, has had more success selling digital assets than her tunes. In a recent interview with Wired, she said the $5.8 million obtained from the 2021 sale of an NFT collection on the platform Nifty Gateway was more than she's ever made from music. "[The NFT collection] was on my brother. He had a real vision, and we wound up doing one of the first big ones," Grimes said. "It did actually change my life." Despite the collection's success, Grimes lamented the state of crypto now. Grimes released her first album "Geidi Primes" in 2010 and has since rose to prominence for her high energy electric pop music. In 2018, Grimes began dating billionaire and social network owner Elon Musk, having two children with him before splitting up in 2022. After the success of her first NFT project, Grimes quietly made a presence for herself in the crypto industry. Last year, she helped launch a $100 million creator fund with the Avalanche Foundation called the Culture Catalyst, in which she intended to create an "intergalactic metaverse children's book." Grimes also collaborated with TikTok when the popular social media app planned to launch an NFT collection in 2021.
NFTs | OpenSea | News
🖼 Illuminati Capital Eyes Web3 Games and NFT Infrastructure with New $50M Fund
Illuminati Capital has announced a new $50 million fund to be deployed in the web3 ecosystem. The venture capital firm said the funds were raised privately by the partners, who include web3 investors, a marketing expert, and an accomplished angel investor, among others. The VC’s founders previously invested in Justin Kan’s Fractal, web3 wallet infrastructure platform Web3Auth, and Cross the Ages NFT game, among others. The venture capital firm plans to invest in blockchain games, NFT infrastructure, DeFi and more. According to press material shared with NFTgators, the venture capital firm is comprised of partners of diverse backgrounds, who enable it to “provide targeted advice and actively engage with founders.” The partners individually invested a total of $30 million in different web3 projects, which grew to over $150 million, valuing the combined portfolio companies at $1 billion by the time they exited. “The possibilities of decentralized technology are endless,” commented Dhaval Parikh, Partner at Illuminati Capital and blockchain investor with over five years of experience in web3. “With a background in VC, I will focus on due diligence, risk assessment, portfolio management, and deal flow while analyzing industry trends and key ecosystem insights.”
NFTs | OpenSea | News
🖼 NFT Commodity Trading Platform Market to Witness Robust Expansion by 2030
Global NFT Commodity Trading Platform Market report from Infinity Business Insights is the single authoritative source of intelligence on market. The NFT Commodity Trading Platform market report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. The global NFT commodity trading platform market is projected to reach USD 1.6 billion by 2030, at a CAGR of 20.3% from 2023 to 2030. The emergence of NFT (Non-Fungible Token) commodities trading platforms has significantly changed how unique digital assets are purchased, offered for sale, and exchanged. A new paradigm for online ownership and value exchange has been established by NFTs, which symbolize ownership of digital art, collectibles, and other special goods. In order to support a thriving ecosystem of digital innovation and ownership, NFT commodity trading platforms have arisen as markets that allow producers and collectors to engage in safe and decentralized transactions.
NFTs | OpenSea | News
🔫 DatChat Publishes Strong Growth Metrics for Its Habytat Metaverse
Habytat is an open mobile metaverse that offers users free NFT-deeded properties and houses in Geniuz City, the first residential area modeled after Miami’s Wynwood arts district. Users can visit art galleries, explore the town, interact with others, take selfies with famous landmarks, customize their properties and enjoy the experiences that its community has to offer. Habytat's metaverse offers an experience for first-time users and average consumers—the ability to step into the metaverse and experience the value it has to offer Habytat by SmarterVerse, a subsidiary of DatChat Inc., is a metaverse platform and privacy-first social network. By dramatically lowering the financial and technical barriers to entry to the metaverse, Habytat is democratizing access to the digital realm and giving users a remarkable opportunity to co-create community, business and life together. Built on SmarterVerse Holding’s patented privacy technology, Habytat grants users complete control over their data, creating a social network users can trust. Learn more at habytat.io. DatChat Inc. is a secure messaging, metaverse, and social media company that not only focuses on protecting privacy on personal devices, but also protects user information after it is shared with others.
NFTs | OpenSea | News
🖼 The NFT Announces that Space Striker AI has Been Approved by Apple App Store and Google Play
The NFT Gaming Company, Inc. ("NFTG" or the "Company"), a company developing a digital gaming platform and community that will offer users the ability to create unique avatars playable in all of the games on the platform in the form of non-fungible tokens, or “NFTs,” today announced that its first completed game, Space Striker AI has been approved for publishing by both the Apple App Store and Google Play. The game which is expected to be released in the current quarter. Gaxos is an innovative multi-genre gaming platform that utilizes NFT technology and AI to provide an immersive universe teeming with a broad array of casual games. Each game on the platform is a unique star within the Gaxos constellation, providing a unique gaming experience where achievements and experience points are tied to your avatar, which can be progressively leveled up as you engage in all the experiences the platform has to offer. The NFT Gaming Company is developing a digital gaming platform that will offer proprietary games as well as games developed and published by third parties. Our vision is to develop, design, acquire, and manage conventional digital games and to combine them with novel methods, such as the ability to create and mint unique in-game features, such as skins, characters, and experiences in the form of non-fungible tokens, or “NFTs,”.
NFTs | OpenSea | News
⬜️ 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
🖼 FC Barcelona secures $132M investment for blockchain and NFT venture
Spanish soccer club FC Barcelona has secured a 120 million euro ($132 million) investment from Libero Football Finance AG and Nipa Capital B.V. for its Web3 initiative, Barça Vision. According to the Aug. 11 announcement, FC Barcelona sold a 29.5% stake in Bridgeburg Invest, the holding company for Barça Vision, in exchange for the capital. “Barça Vision is the Club’s initiative to integrate all digital content around Web3 and blockchain including NFTs and metaverse, which are part of the Club’s strategy to build the digital Espai Barça,” developers wrote. Libero is a publicly listed company in Germany consulting soccer clubs on financial matters. Nipa Capital is a venture capital firm domiciled in the Netherlands. The transaction is subject to the approval of FC Barcelona shareholders and is expected to close in Q4 2023. Since February 2020, FC Barcelona has partnered with the Chiliz blockchain to create Ethereum-based FC Barcelona Fan Tokens (BAR) for its sports franchise. In August 2022, Chiliz announced it had purchased a 24.5% stake in FC Barcelona’s digital content creation arm, Barça Vision, for $100 million. Subsequently, in July 2022, the football club sold its first NFT, “Masterpiece #1 In A Way” at Sotheby’s New York auction for $693,000.
NFTs | OpenSea | News
🖼 Unstoppable Domains and bitsCrunch Forge Strategic Alliance to Elevate NFT Transparency and Analytics
In a significant move towards revolutionizing NFT analytics across industry platforms, bitsCrunch, the prominent NFT-analytics engine, has entered into a strategic partnership with Unstoppable Domains. This collaboration, aimed at fostering enhanced data transparency and analytics capabilities, seeks to empower the NFT community and reshape perceptions of value and trust within the NFT market. Unstoppable Domains, renowned as a global leader in Web3 domains, will play a pivotal role in this partnership by integrating with bitsCrunch. Central to bitsCrunch’s mission is a fundamental shift in the prevailing understanding of NFT valuations and trust dynamics. By harnessing the power of advanced tools designed to counter fraud and amplify transparency, the collaboration with Unstoppable Domains sets out to empower NFT enthusiasts, enabling them to wield these tools effectively within their unique contexts. The initial phase of this partnership is marked by bitsCrunch’s integration of Unstoppable’s Reverse Resolution tools. This integration facilitates the conversion of complex wallet addresses into easily readable human-domain names. Moreover, bitsCrunch’s presence within the Unstoppable Marketplace, a distinguished platform spotlighting Web3 applications enriched with AI, promises to further augment user experiences and interactions.
NFTs | OpenSea | News
🖼 Bolero 'Song Shares' Paints Bright Future for Future of NFT-fueled Music
Bolero’s founders think that they finally have proof that Web3 music has a real future. The French start-up’s model offers fans micro-ownership over an artist’s music, allowing them to earn a percentage of any royalties the song generates. "We collected revenue from February 1st to April 30th from streaming, downloads, as well as views on his music video on YouTube and other video platforms," William Bailey, Bolero’s CEO, told Decrypt. "This generated a return on investment of 9.2% over a year.”. As Bailey explains, the experience confirmed the potential for investing in songs that have already been released, opening up new opportunities for artists' catalogs. Another significant artist involved in the "Song Shares" launch was Agoria, a French techno DJ and producer. This presented a unique use case, as he composed a new song specifically for the event. Agoria distributed all the royalties to the collectors of his NFTs, leveraging his dual role as a digital artist. "Agoria's drop was a major turning point because it was the first 100% shared master recording," Bailey said. "Out of the 2,500 shares created, 265 were sold in six hours, and the rest was claimed by collectors at 80%."
NFTs | OpenSea | News
🖼 holoride, XOXNO Launch NFT Rewards to Scale In-Car XR Gaming
Extended reality (XR) vehicle entertainment system provider holoride has teamed up with XOXNO, a massive marketplace for non-fungible tokens (NFT) on the MultiversX platform. It will also host randomly-generated Skyjack characters for platform users to boost collaboration among holoride’s user base. Also, the joint effort will provide payments for buying and selling NFTs using holoride’s RIDE token. holoride will burn tokens at the end of each quarter to reduce RIDE supplies. XOXNO is the largest marketplace and aggregator on the MultiversX platform. The latter is the first blockchain protocol to merge an adaptive architecture’s state, network, and transaction-sharding aspects. For its users, they receive the top level of scalability and security for their web3 needs. The platform’s versatility, scalability, and architecture attracted holoride to pick it as its preferred supplier. The staking programme will also provide holoride users with rewards, and it plans to unlock further rewards in the coming months. NFT collection sales will also take place on the XOXNO platform, building online gaming communities and expanding holoride’s outreach in the industry.
NFTs | OpenSea | News
🖼 Cryptopunks and Blue Chips Power Top NFT Traders to Over $300 Million in Profits
In its latest NFT analysis, Coingecko details that the top traders in the NFT arena have earned between $3.3 million and $101.6 million individually, cumulatively exceeding $300 million. The report explains the strategic investment choices and collections that have fueled the success of the foremost NFT traders. Delving into the profits of the top 100 Ethereum NFT traders, Coingecko’s study discloses the most significant victors of the market thus far. This analysis focuses on traders’ realized profits, meaning the tangible earnings secured through NFT sales. To qualify for this elite list of 100, traders were required to exhibit consistent activity over the past half-year and possession of no fewer than two collections. The study illustrates that the leading NFT traders predominantly wagered on blue chip NFT collections at an early stage, an investment that has subsequently skyrocketed in value. Notably, Larva Labs’ Cryptopunks constitute an astonishing 70.6% of total profits for the top 15, followed by Art Blocks’ generative art at 12.2% and Bored Ape Yacht Club at 5.5%. Of the 15 top earners, 11 have extracted millions solely from Cryptopunks. For instance, trader 0x7eb2..3f6b clinched fifth place chiefly by selling one specific Cryptopunk to a renowned buyer. Conversely, some elite traders, such as Akira, directed their focus more towards Art Blocks.
NFTs | OpenSea | News
🇦🇪 UAE Public Prosecution organises Global Summit for Metaverse Governance and Emerging Technology
UAE Public Prosecution is organising a global summit to discuss the opportunities and challenges of Metaverse governance and emerging technology to confront virtual world crimes and to strengthen the international legal framework in confronting them. The summit monitors the rapid transformations witnessed by the next generation from the internet and communications, and the opportunities available to employ this revolutionary technology in various vital sectors for a better future for societies and improving their quality of life all over the world. The summit aims to enhance the UAE leadership and competitiveness in the Metaverse world and emerging technology, and its leadership of efforts to enhance the international cooperation in facing the challenges and cross-border virtual world crimes, and formulating the legal frameworks for its governance, in a way that contributes to creating appropriate conditions for the growth and development of Metaverse, and making UAE an attractive environment for investments, industries and related businesses to this field. Thus, it enhances the pioneering development and modernization process that UAE is witnessing now and in the future. The Attorney General added that this summit is an actual adoption and implementation of the government’s directions and its leadership.
NFTs | OpenSea | News
🖼 Swiss Blockchain Consortium Media Partner of NFT FEST LUGANO
NFT FEST LUGANO is the big NFTs and WEB3 event held in the city of Lugano in Switzerland, 5 days of insights and emotions where culture, entertainment and industrial applications are the basis of this Non-Fungible-Token event which will involve the entire city of Lugano from 7 to 11 September 2023. Organized under the patronage of the Municipality of Lugano, the festival is preparing to expand what in past years has been the brilliant experience of the NFT Week. NFT Gaming will delve into the Play-To-Earn theme linked to cryptocurrencies through tournaments, exclusive drops, discussions, and presentations developed by the leading industry operators. "Lugano has declared itself a pole of technological revolution", says the Mayor of the city Michele Foletti, "and it has already demonstrated this in recent years with concrete and tangible initiatives that really work, such as the MyLugano project with its LVGA cryptocurrency. Lugano is therefore very happy to welcome an event like this. Yet another demonstration of being an avant-garde and open city". Roberto Gorini, Festival Director and Founder noku.io, explains the objectives of the initiative.
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.
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💰 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.
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🇺🇸 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:
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🖼 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.
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🖼 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.
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