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🖼 Reddit NFT Sale Crosses $40M
A significant milestone has been achieved at the intersection of Reddit’s online community and the world of cryptocurrency, as non-fungible tokens (NFTs) on the Polygon blockchain showcase remarkable growth. Real-time data gathered by Dune Analytics reveals that the cumulative sales of Reddit NFTs have increased, reaching a record high of $40,554,135. Similarly, the volume of Collectible Avatars has surpassed a remarkable 20.3 million, as recorded within the past 24 hours. Notably, the Dune Analytics dashboard spotlighted more intriguing insights into the Reddit NFT landscape. According to the report, the Gen 4 collections have amassed an aggregate primary sales volume of $856,190, with a robust holder count of 12,854. Interestingly, the Gen 4 NFTs have witnessed over 200 sales within the past 24 hours, collectively valued at more than $6,200. Meanwhile, the Gen 3 collections’ cumulative sales have surpassed $3 million, with a substantial holder count of 41,684. These compelling statistics have not escaped the attention of Sandeep Nailwal, the founder of the Polygon blockchain. Nailwal recently utilized the X platform (formerly known as Twitter) to draw attention to the burgeoning ecosystem.
NFTs | OpenSea | News
🖼 Creator-Friendly NFT Marketplace o-mee Launches on GemPad
The NFT industry became very popular in 2020, generating billions of dollars in sales for artists and creators. Despite the 2022 crypto winter, NFTs still generated nearly $24.7 billion in sales. The continued growth of the NFT sector has helped creators incorporate digital art, making it a lucrative venture for artists and collectors alike. Today, NFTs have made it possible for just about anyone to own or collect a work of art. This is expected to have a positive outlook regarding the adoption and growth of the art NFT space. The sceptical culture of NFTs seen as ‘just a JPEG’ still isolates a pool of creatives from Web3 possibilities. Artists are often trapped into sharing work for likes and shares or dealing with complicated artwork-selling platforms that take visitors away. O-mee was set up to solve this problem, to offer a space that allows artists to build communities and sell their work from one space. It is designed to bridge the gap between the older legacy internet services like Twitter and Instagram and the newer advanced frameworks made possible by blockchain technology. O-mee is building a place that empowers artists and creatives, giving them the tools they need to gain social and financial value from their work. This is not another utility or tokenomics experiment, this is a new way of approaching the market.
NFTs | OpenSea | News
⬜️ OKX Wallet Now Integrated with Play-to-Earn Game Matr1x, Launches Battle Pass NFT Giveaway
OKX, a leading Web3 technology company, has issued updates for August 14, 2023. OKX Wallet is now integrated with Matr1x, a play-to-earn Web3 mobile shooting game powered by Polygon. With this integration, OKX Wallet users can access Matr1x Fire, a multi-player shooting battle game with a cyperpunk setting, via web extension. By participating in shooting battles, Matr1x Fire players have the chance to win NFTs, PFPs and other digital assets, as well as create their own NFTs. OKX Wallet users can also access Matr1x Fire via OKX Wallet's Discover portal. The portal, which can be accessed via the Discover section on OKX Wallet on web and mobile, gathers over 10,000 dApps, DEXs, blockchain games, NFTs and supplementary tools. In addition, OKX Wallet users can also buy, sell and list Matr1x NFTs and PFPs via the OKX NFT Marketplace. To celebrate, OKX Wallet has launched a giveaway, giving users the chance to win one of the 15 advanced 'Battle Passes,' which are needed to access the Alpha testing phase of Matr1x Fire's upcoming 'Mission Frontier.' Each Battle Pass NFT is valued at 200 USDT. More information on the giveaway and upcoming mission can be found here.
NFTs | OpenSea | News
🖼 Coca-Cola Released A New Series Of NFTs On The Layer 2 Base
In Layer 2 Base’s Onchain Summer Program, a prominent appearance will be the Coca-Cola “Masterpiece” NFT set, with a mint expiration date of August 16 and a price from 0.001 – 0.014 ETH/NFT. The Onchain Summer program, which celebrates the launch of the Base mainnet, is a series of Web3 events related to art, games, and music. Between now and the end of August, more than 50 brands, including Coca-Cola, Friends With Benefits – a social decentralized autonomous organization (DAO), and NFT creation platform Zora, will hold the launch NFT on the Base network. In a year where NFT trading volume has fallen almost 50% since January, Web3 projects are struggling to scale. Jesse Pollak, Protocols Lead at Coinbase, told CoinDesk that Onchain Summer aims to showcase how NFTs can be leveraged as a technology rather than just a speculative asset. Since the announcement was made, Base has received quite a bit of public attention. Typically, the total locked value (TVL) of this layer2 exceeded $118 million, ranking 19th in the rankings. Currently, there are over 100 dApps on Base, some of which are created by developers who received early access last month. Coinbase is encouraging users to connect their ether to Base for free minting of NFT to celebrate the launch of the Base mainnet.
NFTs | OpenSea | News
💰 Polygon NFT Market Sees Millions In 30-Day Volume, TON Collections On a Rise And Reddit NFTs Reach 2 Major Milestones
Polygon NFT market seems over $13M in 30-day volume, TON collections are experiencing a rise in interest, and Reddit NFTs see 2 major milestones Despite of y00ts leaving Polygon‘s ecosystem, the Polygon NFT market saw over $13.2M in 30-day volume. Peaked on August 9, with over $830K in a single day’s volume. The top 3 TON-Based NFT collections saw over $2.1M in 7 day volume, Telegram Usernames, Anonymous Telegram Numbers, and TON DNS Domains. Anonymous Telegram Numbers was the biggest collection in terms of volume, with $1.1M in volume, while the biggest one in terms of the number of sales was Telegram Usernames, seeing 3.7K in 7-day sales. Last year, Telegram’s founder ,Pavel Durov, said Telegram is thinking about integrating web3 with username auctions seen as a potential vertical. There are now over 16M holders of the Reddit Collectible Avatars, holding a total of 20 million Avatars on the Polygon blockchain, 14% of holders hold more than 1 Collectible Avatar, while 13.7M hold a single one. WETH vs Matic: Over 59% of the NFT trading on Polygon-based marketplaces is performed via WETH. $7.5M in 30-day was traded in WETH on Polygon-based marketplaces, while $5M was traded in Matic.
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🔫 The MET Embraces the Metaverse with Roblox to Engage Young Visitors
The Metropolitan Museum of Art (The Met) in New York has partnered with the popular gaming platform, Roblox, in order to offer a virtual experience for its younger audience. As part of this collaboration, Roblox users can now obtain digital versions of famous artworks and artifacts for their avatars, including Van Gogh's iconic straw hat. These digital wearables, along with other items like suits of armor and Egyptian masks, are available through the augmented reality quest-based app called Replica. Developed in partnership with Verizon, Replica takes visitors on an interactive tour of The Met, guiding them to 37 selected physical artworks spread throughout the museum. Through the app, users can scan the artworks, which unlocks digital wearables that can be imported into their Roblox inventories. "With Replica, we were able to use technology to reach kids and young art lovers in a space they're already engaged with," Ken Weine, Senior Vice President of External Affairs at The Met, said in a recent interview. They have the opportunity to curate exhibitions by pairing the acquired digital wearables and taking photos of their avatars against historical backdrops.
NFTs | OpenSea | News
🖼 Bored Ape Yacht Club collectors sue Sotheby’s over NFTs auction
Sotheby’s was named as a defendant in a class action lawsuit filed in California last week alongside Yuga Labs, the creators of the Bored Ape Yacht Club NFTs. In the lawsuit, a group of investors claim they were misled about the NFTs, which feature colourful illustrated apes produced by an algorithm and peaked in value in late 2021. In September of that year, Sotheby’s sold 101 Bored Ape Yacht Club NFTs in an online auction for $24m against a $12m to $18m pre-sale estimate. The lawsuit claims Sotheby’s played a part to “deceptively promote the artificially inflated” value of the NFTs. Sotheby’s endorsement of the NFTs helped Yuga Labs gain a sense of legitimacy among traditional collectors, according to the lawsuit, while attracting a younger audience. After the sale Max Moore, Sotheby’s head of contemporary art auctions, allegedly said the NFTs had been purchased by a traditional collector, though the complaint filing claims the images were purchased by FTX, the cryptocurrency exchange that has since crumbled. Stars like Paris Hilton, Justin Bieber, Jimmy Fallon, Madonna and even Mike “Beeple'' Winkelmann, the digital artist behind the most valuable NFT ever sold at auction, were also named as defendants in the lawsuit.
NFTs | OpenSea | News
🖼 'Krapopolis' To Premiere In September with NFTs
Fox Network’s Animation Domination will expand its lineup with an animated series called Krapopolis, set to debut on September 24, that features a Web3 component that gives fans of the show a chance to connect and participate in the story. For the show’s blockchain component, Fox’s Web3 media company, Blockchain Creative Labs (BCL), launched an NFT collection of 10,420 digital “Krap Chickens.” The still-minting collection officially launched following an announcement at Comic-Con 2022. So far, collectors have minted 3,696 Krap Chickens. The ongoing NFT bear market has certainly taken its toll on the project The floor price of the collection sits at 0.09 ETH – half the public sale price. This means new buyers have no incentive to mint since they can save money by purchasing on secondary markets. “The TV experience has always been this: sit back, relax, watch the show,” Matthew Bilfield, Senior Director of Product Strategy at BCL, told The Defiant. “When the blockchain Web3 elements started emerging, it came up as an opportunity to maybe create a two-way dialogue with fans,” he added. Co-created by Rick and Morty creator Dan Harmon, the show that has everyone saying “Krap” in the promotional run-up to its premiere episode is already greenlit for three seasons on Fox primetime.
NFTs | OpenSea | News
🖼 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
🖼 Parallel: Revolutionizing Trading Card Games with NFTs
Delving into Parallel’s narrative, it transports players into a dystopian future where humanity, in its quest for technological mastery, pushes the boundaries and ends up devastating Earth. Consequently, humans scatter across space, splitting into five distinct factions. Each deck you own provides you with 40 NFT cards, encompassing all you require to dive into the game. The deck components are diverse, including one-time spells (effects), creatures (units), unit boosters (upgrades), and more sustained impacts (relics). There are four primary gameplay modes: Rookie, AI, Unranked, and Ranked. Among these, the Ranked mode stands out, not only because of its competitive nature but also as it offers the exclusive chance to earn $PRIME. The more NFT cards you possess in your deck during a ranked match, the better your $PRIME earning potential. Setting aside the NFT and crypto elements, Parallel emerges as a genuinely engaging and fun game. This isn’t merely a crypto-enhanced game—it’s a quality gaming experience on par with leading titles. With sleek menus, immersive sounds, and fluid animations, Parallel offers an experience that can rival top-notch games in the card genre.
NFTs | OpenSea | News
🖼 NFT-Based Merch Store HODL Introduces “First Edition” NFT Collection, Merging Fashion, Crypto and Investment Mottos
HODL, the cutting-edge online merch store, is set to revolutionize the intersection of NFTs and fashion with the launch of its inaugural HODL First Edition NFT Collection. This visionary collection offers a seamless blend of original artwork and fashion, granting enthusiasts access to a new realm of digital assets and exclusive perks. Designed to resonate with both crypto connoisseurs and fashion aficionados, the HODL First Edition NFT Collection allows customers to effortlessly acquire these uniquely crafted digital tokens. All that they need to do is buy their favorite merchandise (there are some cool beach bags, iPhone cases, T-shirts and more) for €129 / $129 or more. Buyers will then automatically receive a free NFT that they just need to mint, and which will open the door to a world of benefits, including special discounts, exclusive perks and an access to future collections. Alternatively, they can also opt for just purchasing the NFT alone for this price. HODL First Edition NFT lies a fusion of artistic expression and crypto ethos. With poignant messages embedded within the design—such as "Not your keys, not your coins," DYOR ("Do Your Own Research"), SAFU ("Secure Asset Fund for Users"), and WAGMI ("We Are Going Moon, Indeed")—the collection captures the essence of the crypto community. Beyond its artistic value, the HODL Design symbolizes unity, commitment, and enthusiasm within the crypto universe.
NFTs | OpenSea | News
🖼 Webility launches 'Monthly Subscription MINI NFT' Burn service
Blockchain mobility sharing economy service, Webility, recently announced on the 14th that it will launch a MINI NFT burning service for users through its official channel. As a result, users can enjoy the benefit of receiving an unlimited monthly pass for Xing Xing Mobility, a shared kickboard service in Korea, by burning the Webility MINI NFT. Webility will launch the monthly subscription MINI NFT burning service event for users from August 9th. The process of conducting the event is to transfer the monthly subscription MINI NFT sent to the Burrito Wallet by Webility to the participant's personal metamask wallet, and then to apply for exchange through the Webility NFT burning site. Event winners can access the Xing Xing app and activate an unlimited pass for a shared kickboard for one month through code sent via text message. This event is a method of burning Webility NFTs by accessing the website dedicated to burning, and exchanging them for unlimited pass subscription tickets that can be used for one month in the domestic shared kickboard Xing Xing app.
NFTs | OpenSea | News
🖼 1 Billion NFT Assets Across 16 Blockchains: Unprecedented Growth Signals NFT Revolution
In an impressive feat for the blockchain world, a monumental 1 billion non-fungible token (NFT) assets have been issued across 16 major blockchain networks. These 16 prominent blockchain networks, which include notable names such as Ethereum, BNBChain, Polygon, Solana, Arbitrum, and Optimism, have collectively contributed to this groundbreaking achievement. The data unveiled the issuance of an astounding 1 billion non-fungible token assets, a testament to the growing popularity and adoption of this asset across diverse blockchain ecosystems. Furthermore, the data highlights that more than 2.65 million NFT asset contracts have been deployed across these networks. This reflects the dynamic and vibrant activity within this space, as creators, collectors, and enthusiasts engage in the creation and exchange of unique digital assets on a massive scale. The remarkable development, as reported by NFTScan’s comprehensive multi-chain data analysis on August 13, marks a significant advancement in the non-fungible token landscape. The issuance of 1 billion NFT assets across these 16 blockchain networks signifies a resounding affirmation of non-fungible token’s transformative potential and lasting impact on the digital economy.
NFTs | OpenSea | News
💰 Solana On-Chain Activity Drops, DigiToads NFTs Breaking Barriers On OpenSea
DigiToads, a project transcending the typical meme coin realm, has taken the crypto community by storm with its innovative NFT collection. Centered around the captivating motif of toads, the project’s NFTs are more than just aesthetic artworks: they offer a glimpse into the realm of potential profits and utility. These NFTs, known as Toads Friends NFTs are available for minting on the DigiToads website. One can also get the NFTs by purchasing them from the NFTs marketplace, Open Sea. One crucial factor contributing to DigiToads’ distinction is its deflationary nature, with strong value growth witnessed even in the presale phase. This growth further solidifies the projected future value of DigiToads NFTs. Adding to the excitement and interest among potential investors and collectors. Beyond the monetary allure, DigiToads NFTs offer practical use cases within the DigiToads swamp ecosystem, the concept of staking DigiToads NFTs to earn passive income via $TOADS transactions adds an enticing layer of value to these digital assets. Additionally, the project’s platinum Toads incentive which is awarded to the top traders in every monthly, TOAD vs TOAD trading competition grants access to the TOADS treasury.
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🪙 Revolutionizing Decentraland’s Metaverse with AI-Powered Avatars
In a pioneering move to enrich the virtual landscapes of the metaverse, Decentraland has taken a groundbreaking step by infusing artificial intelligence (AI) into its Ethereum-based world. Teaming up with AI startup Inworld, Decentraland introduces AI-powered non-player characters (NPCs) that inject vibrancy and interaction into the gameplay. These NPCs don unique avatars endowed with distinct personalities, engaging players in dynamic interactions. Already, three compelling NPCs have made their debut at Decentraland’s Genesis Plaza. Among them, Simone the Robot takes on the role of an informational guide, offering insights and discussions about the metaverse. Playful and light-hearted, Doge pays homage to the world of memes, while Aisha, a 23-year-old gaming streamer and former skater, brings her unique backstory and opinions into the virtual realm. The partnership with Inworld empowers creators with the ability to design and tailor their own NPCs. From crafting dialogues to personalizing voices and personalities, the creative latitude is vast. Moreover, these AI characters exhibit a remarkable linguistic inclusivity, understanding and catering to players who speak a variety of languages.
NFTs | OpenSea | News
🔫 Nokia, partners stage 5G-powered metaverse demo
Nokia, in collaboration with TPG Telecom and MediaTek, today showcased a ground-breaking live 360-degree video broadcast on the future of the Metaverse, enabled by Nokia 's state-of-the-art 5G Uplink Carrier Aggregation (CA) technology, TPG Telecom's commercial 5G network and MediaTek 's 5G mobile chipset technology. The demonstration highlighted how CA technology can transform the experience of watching TV, movies and sports, and took place at Nokia 's 5G Futures Lab, Sydney, Australia. By combining two or more sub-6 GHz frequency bands, Nokia's CA technology delivers optimized 5G uplink speeds, enabling real-time transmission of high-quality 360-degree video. The demo utilized solutions from Nokia's latest energy-efficient AirScale portfolio including baseband, massive MIMO, and Remote Radio Head products, powered by its ReefShark chipset. MediaTek provided its 5G mobile platform using the MediaTek M80 5G modem, which has been incorporated into the Dimensity SoC series. The demo used the combination of a 15 MHz carrier on the 700 MHz band (n28) and a 90 MHz carrier on the 3.6 GHz band (n78) using Uplink Carrier Aggregation technology to achieve a peak uplink throughput of 159 Mbps.
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🖼 NFT market crash unveils tech's limitations in addressing exploitative labor practices
The NFT market continues its ongoing plunge, reminding us that we cannot trust technology to save us from the exploitative labor market. According to a report by Alchemy, NFT trading volume in July fell by 29%, compared to June, to $632 million, and token sales fell by 23% to $3.7 million. Overall, this market recorded a steep fall of 95% in trading volume from the record in January 2022, which reached $17 billion. NFT is a device whose purpose is to answer the question of what ownership looks like in digital spaces. Technically, it is a certificate of authenticity on the blockchain system, which allows those who produce it to mark a certain digital asset as unique. The token comes in the form of a cryptocurrency, and every time that coin is sold its creator is supposed to receive royalties on the sale. This is in contrast to if a painter, for example, sells an oil painting they painted, then they will only receive their share in the initial sale. If the painting changes hands and is sold to different buyers, that painter will get nothing. The relationship between the NFT market and the media was mutual. The large amount of speculative money that flowed into the field drove media interest.
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🖼 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.
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🖼 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%."
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🖼 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.
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🖼 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.
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🇦🇪 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.
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🖼 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.
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