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🔫 Upland Celebrates Third Year of NFL Player Collaborations in the Metaverse
Upland, the prominent web3 Metaverse SuperApp, has proudly announced its ongoing partnership with officially licensed NFL players for the third consecutive year. This exciting collaboration with the NFL Players Association (NFLPA), facilitated by OneTeam Partners, has resulted in the introduction of new NFLPA Bundle types, including the Mixed Essentials Bundle, Team Essentials Bundle, and Pass Bundles. Upland’s NFLPA-licensed product is designed to provide an immersive web3 experience for football enthusiasts. The Upland Metaverse offers a range of gamified digital collectibles featuring officially licensed NFL players. These digital items allow fans to engage with their favorite athletes in unique ways. Upland facilitates platform-sponsored community events that contribute to enhancing users’ Fan Scores. Accessing digital NFL player collectibles within the Upland Metaverse is an entertaining and gamified experience for devoted fans. Upland offers bundles containing various collectibles, each representing different NFL players. For the 2023-24 season, three new NFLPA Bundle types have been introduced: the Mixed Essentials Bundle, Team Essentials Bundle, and Pass Bundles. Collecting these items not only enriches the fan experience but also increases fans’ chances of receiving rewards.
NFTs | OpenSea | News
🖼 Cristiano Ronaldo and Binance Unveil CR7 ForeverZone NFT Collection
The essence of this venture is to bring fans closer to Ronaldo in the Web3 space. Each mystery box contains an exclusive NFT influenced by Ronaldo’s illustrious football career. Moreover, the collection boasts of 50 autographed footballs and jerseys. Additionally, there’s an exciting inclusion of 50 tickets to the anticipated Binance Blockchain Week. Notably, special NFTs reflect previous Ronaldo collaborations. Each set features a golden ticket NFT, offering fans a once-in-a-lifetime opportunity to train personally with Ronaldo. Ronaldo’s journey in the NFT space began after initiating a relationship with Binance last summer. He introduced his “CR7” NFT collection, showcasing seven animated sculptures across various rarity tiers. To offer fans unparalleled experiences on the Binance NFT platform. Additionally, he unveiled a second collection named “Forever CR7: The GOAT” later in the year. This collection celebrates digital renditions of some of his iconic goals. Through the Binance partnership, he believes he has found a way to establish this profound connection and share a part of his legacy. Binance’s Chief Marketing Officer, Rachel Conlan, highlighted Ronaldo’s innovative approach in sports and beyond.
NFTs | OpenSea | News
🪙 Ethereum NFT production falls to all-time low in September
Non-fungible token (NFT) production on Ethereum, or the value of the primary sales generated from NFT minting, fell to an all-time low of US$17.55 million in September, down 12.4% from US$20.05 million in August, according to Forkast Labs data. NFTs are blockchain-based digital assets that can provide information on digital ownership. Notable collections like the Bored Ape Yacht Club (BAYC) were trading at a floor price of 128 ETH (US$211,000) in May 2022, before dropping more than 60% along with other notable NFT collections like CryptoPunks. “Blue-chip NFT collections such as Bored Ape Yacht Club and CryptoPunks serve as indicators of broader NFT market sentiment. Their decline might signify a shift in investor sentiment, perhaps questioning the intrinsic value of such assets,” Matan Doyich, the chief executive officer of Crypto Index, a firm building centralized infrastructure for tokenized crypto exchange-traded funds, told Forkast. NFT production on the Polygon blockchain fell to a seven-month low of US$4.7 million in September, down from a yearly high of US$14.44 million in August. Polygon NFT production is up 219% year-to-date, from US$1.47 million in January. Despite the rising numbers, the Forkast POL NFT Composite fell over 46% year-to-date.
NFTs | OpenSea | News
🖼 BAYC NFT Sells for 153 ETH Just 11 Months After 777 ETH Purchase – Seller Loses 80%
A Bored Ape Yacht Club (BAYC) NFT that was the most valuable Trippy Bored Ape on record when it sold for 777 ETH in November 2022 has exchanged hands for 153 ETH. Thanks to rare attributes, including trippy fur and a gold crown, BAYC #8585 holds the title of the most expensive ‘Trippy’ BAYC ever sold, valued at 777 ETH in October 2022. However, the latest trade represents a significant loss for the seller. In Ethereum value, the latest sale represents an 80% markdown on the NFT’s previous price. The #8585 ‘Trippy’ bored Ape still holds the highest sale price in its fur category – and currently shares fifth spot with the most expensive Bored Ape sale according to OpenSea. However, just eleven months after the previous buyer forked out over $1 million for the NFT, it was sold at a 75% loss. A look at the wallet of the new owner reveals them to be an avid NFT collector. Their portfolio includes 176 NFTs from 15 collections. After their latest purchase, they now own six BAYC NFTs. The same wallet also holds three CryptoPunks. According to NFTGo, the sale occurred on Sunday morning on the X2Y2 marketplace. Although not the largest NFT marketplace by trade volume, X2Y2 offers one major advantage for traders: zero compulsory royalty fees.
NFTs | OpenSea | News
🖼 Coca-Cola Masterpiece NFT sale shifts 80,000 digital assets for $500,000
The Coca-Cola Co.’s NFT (non-fungible token) auction of its ‘Masterpiece’ collection took in $543,600 in digital asset sales during a promotional event for the digital artwork. In total, eight NFTs were made available to purchase during the ‘Onchain Summer’ blockchain promotional event held by cryptocurrency exchange platform Coinbase. Over the course of a 72-hour sale, roughly 80,000 of the NFTs were purchased by collectors and crypto-token prospectors. The Coca-Cola Masterpiece collection was initially created as part of a media campaign by London-based creative agency Blitzworks. The advert featured famous artworks – Edvard Munch’s The Scream and Vermeer’s Girl with a Pearl Earring – mixed with works by contemporary artists such as Vikram Kushwah and Fatma Ramadan. “At Coca‑Cola, we have a long history of collaborating with the artist community, and now technology and innovation allows us to continue creating with artists in new and interesting ways,” said Pratik Thakar, senior director of generative AI at The Coca‑Cola Co. In 2021, the drinks giant released a one-off NFT in aid of Special Olympics International that made just over $575,000 at auction.
NFTs | OpenSea | News
🖼 Yuga Labs Plans to Part Ways with OpenSea NFT Marketplace Following Royalty Model Change
Yuga Labs, the entity behind the popular NFT collection Bored Ape Yacht Club (BAYC), is set to halt support for OpenSea due to a change in the platform's royalty model. In a Saturday tweet, Yuga Labs announced that it plans to wind down support for OpenSea following the upcoming removal of Operator Filter, an on-chain royalty enforcement tool. “Yuga Labs will begin the process of sunsetting support for OpenSea’s SeaPort for all upgradable contracts and any new collections, with the aim of this being complete in February 2024 in tandem with OpenSea’s approach,” the announcement reads. OpenSea introduced Operator Filter in November last year as a means for creators to ensure that secondary sales of their NFTs only occur on marketplaces that enforce creator royalties. The platform cited a lack of adoption within the ecosystem, loopholes that allowed platforms to bypass the tool, and pushback from creators as the reasons behind this move. In response to OpenSea's decision, Yuga Labs took to Twitter to share the company's plan to gradually wind down its use of OpenSea's Seaport marketplace smart contract. The company reiterated its commitment to protecting creator royalties, ensuring that creators are adequately compensated for their work.
NFTs | OpenSea | News
🔫 Birdkeepers: A Captivating Game in the Roblox Metaverse
Birdkeepers is a standout game within the vast Roblox metaverse, offering players an extraordinary and immersive experience. In this virtual world, avian companions are not only allies but also formidable partners in thrilling escapades. To accelerate their progress, players can make use of codes that provide access to vital resources. These codes come with various rewards but have time limits, requiring players to redeem them promptly. Notable codes include “supertreats,” which offer boosts, and “EXCALIBUR,” which grants boosts, treats, and currency. The gameplay of Birdkeepers revolves around exploration and resource gathering. Players are plunged into the heart of mountains, where collecting resources becomes the core focus. This ingenious mechanic blends exploration and resource management seamlessly, motivating players to delve into the expansive virtual world and amass valuable assets for their adventures. While new codes for Birdkeepers are no longer being released due to the discontinuation of game development, players can stay informed about future updates. This can be achieved by following the game’s developer on Twitter or joining the Official Beekeepers Discord Server. Important announcements regarding newly unveiled codes will be communicated through these channels. Birdkeepers offers a unique and exhilarating adventure within the Roblox metaverse.
NFTs | OpenSea | News
🖼 Bored Ape NFT investors are suing because their apes aren't worth much
These tiny little creatures have popped back into the news cycle because, in a shocking turn of events, the guys who bought the NFTs are not happy with their purchases. A group of investors are suing a whole lot of people over an auction and promotion of the Bored Ape Yacht Club NFTs after the prices dropped, CNN reported. According to CNN, the plaintiffs are suing 30 defendants, including Sotheby’s Holdings Inc and some of the celebrities that endorsed the NFTS because the auction house "misleadingly promoted" the collectibles. "Sotheby's representations that the undisclosed buyer was a 'traditional' collector had misleadingly created the impression that the market for BAYC NFTs had crossed over to a mainstream audience," the lawsuit claimed, according to ArsTechnica. The plaintiffs argued that the investors bought the NFTs "with a reasonable expectation of profit from owning them." They say they did not see this profit. ArsTechnica reported that the investors first sued Bored Ape creator Yuga Labs, four company executives, and a bunch of celebrities, including Paris Hilton, Gwyneth Paltrow, Kevin Hart, Snoop Dogg, Serena Williams, Madonna, Jimmy Fallon, Steph Curry, and Justin Bieber in December 2022. They added Sotheby's as a defendant on August 4.
NFTs | OpenSea | News
🔵 OpenSea Surrenders NFT Royalty Enforcement Following Overtake From Blur.io
NFT marketplace OpenSea has set a new course for its royalty enforcement strategy. As of August 31, OpenSea will retire its Operator Filter, a tool designed to enforce royalties, and transition towards optional royalties for all secondary sales involving new collections. Launched in November 2022, the Operator Filter was envisioned as a mechanism to empower creators by requiring sales only through web3 marketplaces committed to enforcing artist fees. The move aimed to support artists' sustainable income streams. However, the decision to bid farewell to enforced creator royalties highlights the challenges of forging consensus within the crypto community. Once heralded as a viable application for NFTs, creator royalties have now come under scrutiny, especially following the experiment by X2Y2 in February 2022, which involved slashing creator royalty fees to 0%. NFT royalties recently hit a two-year low by July 5, possibly reflecting a broader shift in the community's priorities. The competitive landscape has also evolved, with platforms like Blur surging ahead in trading volume, compelling OpenSea to reevaluate its strategies. OpenSea had initially taken a firm stance, championing creator royalty enforcement and introducing fees of up to 10%.
NFTs | OpenSea | News
🔫 InterWorld to Unveil AI-Powered 3D Metaverse's First-Ever Virtual Office Spaces
Leading the forefront of digital innovation, InterWorld is excited to announce the imminent launch of its cutting-edge virtual office buildings and spaces, set within its state-of-the-art AI-powered 3D metaverse. This monumental launch promises to redefine how businesses and teams collaborate, connect, and cultivate creativity in the digital age. These unique spaces blend the benefits of physical interaction with the boundless possibilities of digital design, providing a seamless bridge between reality and the digital realm. InterWorld's AI-backed infrastructure ensures an experience like no other. From intuitive room customizations, real-time data analytics, to intelligent avatar assistants ready to cater to your professional needs — every corner of the virtual office is infused with our state-of-the-art AI technology, ensuring efficient and fluid interactions. Established in 2023, InterWorld is a trailblazer in AI-powered metaverse platforms. With an emphasis on innovation, InterWorld is committed to bridging the gap between reality and the digital frontier, creating experiences that resonate and revolutionize. Leveraging the latest encryption and security protocols, businesses can have peace of mind, knowing their data and conversations remain confidential.
NFTs | OpenSea | News
🔫 7-Eleven Debuts in Metaverse with Fortnite Game
7-Eleven parking lots have long been meetup places for teenagers in cars to socialize. The convenience store chain is taking this cultural reference to the metaverse with a new scavenger hunt in Fortnite. The retailer will share clues on the 7-Eleven Instagram page that players can then use in Fortnite to find the 7-Eleven virtual car meet up. Consumers will have to find three cars – each of which offers a clue– across three Fortnite maps to solve the mystery. When a player finds all three cars, they will unlock a map to “the ultimate virtual car meet up" called “There Car" Island. Once they arrive on the island, players can go inside the 7-Eleven store and gas station to find easter eggs and take photos with 7-Eleven-branded cars. 7-Eleven is encouraging players to share their photos from the designated spot on Instagram and X with the #7ElevenSweepstakes and #ThereCar hashtags. By doing so, players can win prizes including a gaming chair, a gamertag statue on the island, $500 in credits on 7NOW Delivery, and weekly fuel discounts at 7-Eleven or Speedway gas stations.
NFTs | OpenSea | News
💰 Polygon 30-Day NFT Sales Overtakes Solana for the First Time
Polygon 30-Day NFT sales surpass that of Solana. Furthermore, the blockchain is also second in daily and weekly sales. The Polygon Labs Chairman said the blockchain made over 3 million NFT transactions in the same period. Polygon 30-Day NFT sales show the ecosystem is growing steadily. Recently, one of the biggest NFT projects in their ecosystem, Yoots, said they would leave for the Ethereum network. Despite this, the Polygon blockchain is still a beehive of NFT activity. According to data from CryptoSlam, the Polygon blockchain made massive improvements despite the bad news. With Yoots leaving their ecosystem, many expected the blockchain to cave in and become desolated. But many other NFT collections in Polygon are standing up to the occasion. Apparently, a look at the data shows that Polygon did something massive for a blockchain of its caliber. At the time of writing, Polygon topped Solana in the daily blockchain NFT sales ranking. In the daily charts, polygon sold by more than $1.662 million. Furthermore, this means an increase of more than 16% in the past 24 hours. On the other hand, Solana only sold $1.634 million in the past 24 hours. However, there’s a bigger increase of more than 29% in 24 hours.
NFTs | OpenSea | News
🖼 Flamingo.trade revolutionizes the art market with their innovative digital NFTs
Flamingo.trade, a leading platform in the art market, is making waves with their groundbreaking approach to art investment. By combining digital non-fungible tokens (NFTs) with physical art, Flamingo.trade is providing art collectors and traders a safe and sound option to invest in art. Traditionally, art collectors and traders have faced several challenges, including concerns around authenticity, provenance, and security. Digital NFTs, or non-fungible tokens, have gained significant popularity in recent years. These unique digital assets allow ownership and provenance of digital objects, such as artwork, to be securely recorded on the blockchain. Flamingo.trade takes this concept further by bridging the digital and physical art worlds. Through their platform, investors can purchase digital NFTs that represent ownership of physical art pieces. This innovative approach not only allows art collectors to diversify their portfolios but also opens up new opportunities for artists and investors alike. The fusion of digital NFTs with physical art offers several advantages for art collectors and traders.
NFTs | OpenSea | News
🖼 Coca-Cola Releases “Masterpiece” NFT Collection on Layer-2 Base
Coca-Cola has unveiled its "Masterpiece" NFT collection, displaying a fusion of traditional and modern artwork on Base, Coinbase's Ethereum Layer 2 network. This launch is a part of Coinbase's "Onchain Summer" campaign, which celebrates numerous on-chain art, gaming and music projects launched on Base. The NFT collection features renowned masterpieces such as "The Scream" and "Girl with a Pearl Earring," combined with modern works by artists like Aket and Vikram Kushwah, all integrated with the iconic Coca-Cola bottle. Eight different versions of these NFTs are offered, with prices ranging from 0.0011 ETH to 0.014 ETH. Some of them are being sold on OpenSea for less than the mint price even though they are being minted using the mint.fun platform. Over 50,000 NFTs were minted, which came to an end on Wednesday. Coca-Cola's venture into NFTs isn't new, the company previously auctioned unique NFTs in 2021, raising over $575,000 for charity. The "Onchain Summer" campaign will last till August 30, featuring a number of projects from partners, including Coca-Cola, Manifold, Optimism, OpenSea and more. With over 100,000 daily active users, Base has garnered significant interest lately and joined Optimism and Arbitrum as prominent players in the Ethereum scaling space.
NFTs | OpenSea | News
🖼 Dino the Diamond to Debut as the First of Three NFT Series from the Diamond City
SOCH business mentors LLP is a company in India that helps family businesses. The latest news is that they have a new project called Dino the Diamond (DTD). This exciting venture is part of a three-series NFT collection that aims to change this industry. This project aims to create a presence in the blockchain for real diamond manufacturers to bring their products to Web3. This new NFT series will begin with the character Dino, crafted from the imagination of this young girl. The young daughter of the project’s founder has a strong passion for storytelling. This particular talent led to the creation of Dino the Diamond. This ideology served as the foundation for the entire Dino The Diamond series. The story centers around Dino the Diamond, a character created by the founder’s daughter. This project exemplifies how one innocent idea can lead to something bigger and more meaningful. The idea behind this project is based on this story and the unique environment of Surat’s diamond industry. Surat, also known as “Diamond City,” is the right place for Dino The Diamond to take place. This particular talent led to the creation of Dino the Diamond.
NFTs | OpenSea | News
🖼 Clubs promoting NFTs pose 'risk' to fans, MPs warn
Sports clubs that issue cryptocurrency fan tokens risk damaging their reputations, a group of MPs has warned. The rise of non-fungible tokens (NFTs) and similar assets in sports and the arts are a concern to the Culture, Media and Sport committee. New Financial Conduct Authority (FCA) rules around crypto investments mean firms must now display a warning. The message tells people not to invest "unless you're prepared to lose all the money you invest". The BBC has approached the government for a response. NFTs are "one-of-a-kind" assets in the digital world that can be bought and sold, but which have no tangible form of their own. The digital fan tokens can be thought of as certificates of ownership for virtual or physical assets. Owning them can give fans access to certain perks, such as being able to vote in fan polls or getting access to ticket ballots. NFTs enjoyed a period of considerable popularity - and soaring prices - during and after the pandemic, with people and businesses encouraged to create them, but MPs say their fluctuating prices are troubling. "Clubs are promoting volatile crypto-asset schemes to extract additional money from loyal supporters, often with promises of privileges and perks that fails to materialise," said Dame Caroline Dinenage, chair of the CMS committee.
NFTs | OpenSea | News
🖼 MoMA adds 1st NFT art 'Unsupervised' by Refik Anadol to its permanent collection
The Museum of Modern Art (MoMA), one of the world's most prestigious art museums, has recently welcomed a groundbreaking addition to its permanent collection, "Unsupervised" as Refik Anadol's digital artwork. Tech entrepreneur Ryan Zurrer, a prominent digital art collector, donated a valuable piece to the museum, along with a companion NFT. This generous contribution came through his 1OF1 Collection, in collaboration with the RFC Collection, headed by Pablo Rodriguez-Fraile and Desiree Casoni. "Unsupervised" was unveiled to the public at MoMA toward the end of 2022 and will be on display until Oct. 29. The artwork is part of Refik Anadol Studio's ongoing "Machine Hallucinations" project exploring a collective aesthetic based on visual memories. Since the project's initiation in 2016, Anadol and his team have been collecting data from digital archives and public sources, processing them with machine-learning classification models. For "Unsupervised," the team processed metadata from over 130,000 pieces in the museum's collection through a machine's cognition. MoMA's explanation of artwork reads: "What would a machine dream about after seeing the collection of The Museum of Modern Art? For 'Unsupervised,' artist Refik Anadol uses AI to interpret and transform over 200 years of art at MoMA.
NFTs | OpenSea | News
🖼 NFTs Can't Catch a Break as Protracted Drop in Sales Continues
Although the broader crypto market experienced some uplift, NFT sales didn’t mirror this positive trend. Week after week for the past seven weeks, NFT sales volumes have been plunging. Despite this week’s sales being 11.65% lower than the previous week, there’s a silver lining: the count of NFT purchasers surged by 17.77%, while the tally of sellers jumped by 15.82%. Data sourced from cryptoslam.io reveals that NFT sales on the Ethereum platform took the lion’s share, accounting for $38.10 million of the week’s turnover. This indicates that 57.63% of all NFTs sold over the week were Ethereum-based. However, sales of ETH-based NFTs dipped slightly by 0.84% this week. In the rankings, Mythos NFT transactions clinched second place, amassing $8.79 million — an uptick of 12.29% from last week. Solana rounded out the top three, recording sales of $6.86 million, a rise of 8.87% for the week. Topping this week’s NFT sales charts, the Mythos-linked Dmarket collection clinched $8.72 million, marking a 12.32% increase. Hot on its heels was Bored Ape Yacht Club (BAYC) with $4.13 million, rising by 25.18%. Meanwhile, Polygon’s Draftkings took the third spot, raking in $3.28 million, though it faced a dip of 18.24%. Sorare followed closely, garnering $2.87 million — a 3.87% upswing.
NFTs | OpenSea | News
📊 Weekly NFT Sales Dip by 1.18% Despite Rising Buyers and Transactions
Based on the most recent week-long data, non-fungible token (NFT) sales experienced a slight decline of 1.18% from the previous week. Despite a recorded $107.05 million in NFT sales, there was a noteworthy rise of 86.71% in the number of buyers. Additionally, NFT transactions increased by a significant 34.66%. This week, NFT sales showed a minor dip, declining by 1.18% compared to the previous week. Out of the $107.05 million in NFT transactions, a significant 61% or $65.86 million originated from the Ethereum blockchain. Furthermore, sales of ETH-based NFTs climbed by 7.41% from the prior week. Solana trailed behind Ethereum, boasting sales of around $9.64 million, marking a 4.8% uptick. Together, these eight blockchains constituted a commanding 96.49% of this week’s total NFT sales. The past week’s top-performing NFT collection was Degods, amassing $6.59 million. Hot on its heels was Dmarket, tallying about $6.25 million, while Bored Ape Yacht Club (BAYC) clinched the third spot with sales hitting $5.43 million. After Solana in the NFT sales race came Polygon, posting sales of $8.41 million. Mythos followed closely with $6.30 million, trailed by Immutable X at $4.55 million, BNB Chain’s $4.46 million, Bitcoin’s $2.62 million, and Flow registering $1.46 million.
NFTs | OpenSea | News
💰 Polygon MATIC’s Hottest NFT Crypto Games on IQ Protocol
IQ Protocol is active in this space. In case you missed it, here’s a link to our last video about IQ Protocol. Come to think of it, renting NFTs and gaming makes perfect sense. You rent out an NFT for the duration of the game. Once the gamer stops playing, they give back the NFT. You can unlock new revenue streams for your dormant digital assets. They had a big partnership with The Red Village that successfully proved that the NFT rentals concept works and is in demand. IQ recently completed the Red Village ‘New Blood’ competition. At the same time, this was also a case study. The results are very positive. It proves that the NFT rentals concept is working. During the duration of New Blood, there were other milestones. There were around 180-200 DAUs (daily active users). No less than 25 factions competed for the main price of $10,000. Squad Faction 4 won the $10,000 cash prize. There was large social media growth. Twitter welcomed 2,500 new followers. On Discord, there were around 600 followers. Next up is the integration of Crypto Guilds. The concept is like what they did with The Red Village. This will start around now, 17th August. Crypto Guilds introduces a new NFT collection that also has new utility for renters.
NFTs | OpenSea | News
🖼 Nickelodeon NFT Creator Recur Shutters Its Platform – Accused Of Hard Rug Pull
Recur, the digital asset incubation studio and the team behind non-fungible token collections such as Hello Kitty and Nickelodeon, has announced shuttering its trading platform. In this article, we shall look at the future of Nickelodeon and other NFTs now that the digital asset firm has locked its platform. In an August 18 blog post, the web3 platform Recur confirmed shuttering down its NFT market platform, describing its bearish move as a tough decision. The Nickelodeon and Hello Kitty NFT creator has set a final closer date on November 16, 2023. Established in 2021, Recur is a Web3 platform known for assisting major enterprises in launching innovative, multi-chain digital collectible experiences. The digital asset firm has launched some of the most popular NFT projects, including Rugrats, Hello Kitty, Star Trek, Hey Arnold, and Nickelodeon NFTs. In the meantime, Recur has halted all cross trading among different blockchains. The web3 firm has announced to have removed all NFT metadata and media to Filecoin’s decentralized storage network before the end of November this year. This decentralized storage protocol will ensure NFT metadata remains accessible on the platform. Crypto investors have until mid-November to offload their outstanding balances using the USDT feature on portal.recur.com.
NFTs | OpenSea | News
🖼 Adidas and Bape Launch NFT-Powered Sneaker Auction
Adidas, a leading sportswear brand, has taken a bold step in rewriting the rules of fashion by introducing a new non-fungible token (NFT) powered auction format. In collaboration with Japanese streetwear label Bape, Adidas will be launching the “Forum 84 Bape Low Triple-White” sneaker through this innovative auction format. The auction will be open to everyone through Adidas Connect until August 25. Winners of the auction will receive an “Adidas Originals x Bape Fresh Forum Access Pass NFT”. Lululemon, a popular athleisure brand, has partnered with virtual retail platform Emperia to tap into the trend of three-dimensional virtual stores. In celebration of its new sneaker release, Lululemon has created an immersive virtual shopping experience where customers can engage in virtual try-ons (VTO) and interactive workouts. This interactive approach allows customers to have a more engaging and personalized shopping experience. This move by Adidas is being hailed as a game-changer in the streetwear industry. The brand’s embrace of NFTs and digital assets has garnered praise from NFT proponents as it explores new use cases for these digital assets. Adidas may have found a way to achieve mass adoption for digital assets, a feat that has been challenging for other brands.
NFTs | OpenSea | News
🖼 OpenSea Ends BNB Chain Support, Shifts NFT Creator Royalties
Opensea has made several changes to its policy this week. Going forward, the platform will no longer support NFT transactions on BNB Chain and won’t enforce royalty payments on secondary sales. The latest announcements have divided the NFT community as creators and collectors respond to the news. In a statement on Friday, Aug. 18, OpenSea said that it would no longer facilitate NFT trades on BNB Chain. However, users will still be able to view, explore and transfer BNB NFTs on the platform. Other L2 networks supported by OpenSea include Arbitrum, Optimism, and Polygon. NFTs minted on Avalanche, Klaytn, and Solana can also be traded on the platform. However, despite the firm’s renewed commitment to the multichain approach, users on X (formerly Twitter) pointed out that support for Tezos never materialized. Although the company promised to integrate Tezos-based NFTs onto the platform back in February 2021, users are still waiting. The decision to cease support for BNB-based NFT trading isn’t the only announcement that has divided OpenSea users this week. Creators generate income each time their NFT is sold on the secondary market. This was under the old system, which had been in place since November 2022.
NFTs | OpenSea | News
🔵 Opensea investor Mark Cuban says NFT marketplace removing royalties is a 'huge mistake'
Billionaire investor Mark Cuban criticized OpenSea's decision to make creator fees optional. "Not collecting and paying royalties on NFT sales is a HUGE mistake by OpenSea," Cuban wrote on social media. "It diminished trust in the platform and hurts the industry. And I say this as an OpenSea investor." As a response to someone in favor of removing NFT royalties, Cuban said "the buyer knows what the royalties are before they buy it. The creator can set the royalty to zero. They are part of the smart contract that mints the NFT. OpenSea announced yesterday that it would disable its royalty enforcement tool, OpenSea Operator Filter, and make creator fees optional for new collections starting after Aug. 31. The platform said it was making the change to do away with the "ineffective, unilateral enforcement" of NFT royalties — without removing them completely. "The optional royalty approach kills future applications that go far beyond collectibles," Cuban added. "Which is where the most money will be." As a response to someone in favor of removing NFT royalties, Cuban said "the buyer knows what the royalties are before they buy it. The creator can set the royalty to zero. They are part of the smart contract that mints the NFT. It's not smart. It's desperation."
NFTs | OpenSea | News
🖼 Coinbase Releases NFT Collectible of Pixelmon Character Kevin
Crypto exchange Coinbase has brought back the much-memed Pixelmon video game character “Kevin” as an NFT collectible in summer attire—both to celebrate the launch of its new Base network and also to provide various benefits to holders. Minting the collectible—which costs $2 or just under $2 worth of Ethereum (0.001 ETH)—on Ethereum scaling network Base gives buyers entry into a raffle for an in-game NFT egg, “perks” for a planned mini-game on Base, and the ability to purchase a physical Kevin building block set as a part of Coinbase’s “Onchain Summer” initiative. Pixelmon is an NFT-based game inspired by Nintendo’s popular Pokémon series, but with creatures that users can purchase as Ethereum NFTs. The creatures sold for 3 ETH apiece during the February 2022 mint—a staggering $8,100 at the time—and ultimately yielded a $70 million haul for the developers. But the creatures that traders purchased sight unseen were widely mocked after the team finally revealed the artwork soon afterwards. Critics on social media memed the NFTs into oblivion last year, called the project a scam, and widely panned the characters which had been sourced from Unity stock models. Noted pseudonymous on-chain investigator ZachXBT called Pixelmon a rug pull and urged buyers to “stop supporting cash grab NFT projects.”
NFTs | OpenSea | News
🖼 Gucci Bestows ‘KodaPendant’ Glamour on NFT Holders Worldwide
Yuga Labs has joined forces with luxury brand Gucci to distribute physical pendants to owners of the coveted NFT “KodaPendant. “ The partnership, announced in April of this year, has taken a tangible form as several fortunate NFT holders have confirmed the receipt of their unique pendants. The collaboration between Yuga Labs and Gucci has captured the attention of both the cryptocurrency and fashion worlds, signaling a new era of convergence between digital assets and luxury items. The “KodaPendant” NFT series was unveiled earlier this year, comprising a limited edition of 3333 pieces, each intricately designed and corresponding to a physical necklace. With the NFT market continuing to expand, the fusion of these two industries has been a tantalizing prospect for collectors and enthusiasts alike. Gucci’s decision to venture into the NFT realm reflects a growing trend among luxury brands to embrace digital innovation and virtual experiences. This collaboration not only allows NFT owners to possess a digital token of high value but also bridges the gap between the digital and physical worlds by providing them with a tangible, wearable counterpart.
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🖼 Grimace PFPs: McDonald’s Offers Free Exclusive Grimace NFTs
McDonald’s has given us a beautiful gift for Grimace lovers – NFTs! Following the buzz around Grimace Shakes that set TikTok abuzz, the fast-food giant is launching a giveaway of limited-edition NFT profile pictures (PFPs) featuring the lovable purple monster. However, there is a catch – these NFTs cannot be traded once minted. Plus, this innovative move is set to take place exclusively in Singapore. McDonald’s releases limited-edition Grimace PFPs. The NFTs are only available in Singapore. Starting from August 21, McDonald’s regional arm will offer a total of 2,000 unique NFT collectibles. Each of these portrays Grimace with different expressions and accessories. Therefore, each NFT is a one-of-a-kind item. The NFTs are completely free to claim, but they will only be accessible through the McDonald’s mobile app in Singapore. To mint the NFTs, you must connect your wallet to the Ethereum mainnet. Additionally, the NFTs are “soulbound” tokens, meaning that you cannot transfer them. As a result, secondary sales are not possible, ensuring that these NFTs remain as cherished mementos for McDonald’s customers.
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🔫 Sichuan Province of China Targets Metaverse Industry Expansion to Reach $34.4 Billion by 2025
Sichuan, a southwestern Chinese province, once recognized as a thriving crypto mining hub prior to the national ban on mining, is now looking to expand the metaverse industry. Sichuan, a southwestern Chinese province, once recognized as a thriving crypto mining hub prior to the national ban on mining, is now looking to expand the metaverse industry. Sichuan’s government unveiled an ambitious draft action plan with an aim to cultivate the nascent metaverse industry into a colossal market worth 250 billion yuan ($34.4 billion) by the year 2025. The provincial government unveiled a blueprint yesterday outlining a multifaceted strategy aimed at developing the the metaverse landscape. Additionally, the government intends to foster the growth of a minimum of 15 premier metaverse firms, bolstered by strategic initiatives to refine the region's blockchain infrastructure. As part of its meticulous approach, Sichuan's authorities are dedicating substantial effort towards reinforcing privacy safeguards and developing cross-chain control mechanisms. As per the announcement, the government will focus on regulating surrounding personal data protection, internet security, and data integrity within the metaverse realm.
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💰 Changing Fundraising with Polkadot: TeddyDaoNFT’s Web3 Charity NFT Initiative
Last month, Lucky Friday Labs, a Web3 software developer, introduced an innovative philanthropic initiative named the Teddy DAO Foundation. This initiative revolves around an on-chain NFT collection named Teddy DAO, developed in collaboration with the renowned online fundraising platform JustGiving and MoonbeamNetwork, which employs Polkadot’s proof-of-stake consensus mechanism. Since its inception, it has successfully garnered more than $8,000. It positions itself as a “socially beneficial NFT project” dedicated to creating a positive impact. Teddy DAO conducts auctions for its unique NFTs featuring teddy bears every day. These NFTs, crafted by digital artist Yumi and established on the cross-chain smart contract platform Moonbeam, will be up for bidding. Those who win the auctions can direct the funds generated to any of the 400 charitable organizations endorsed by JustGiving. Users can endorse various charitable organizations, including Cancer Research UK, Alzheimer’s Society, British Red Cross Society, and ActionAid.
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🖼 Landmark DDP looks to future with planned NFT release
The iconic spaceship-like landmark Dongdaemun Design Plaza (DDP) in Jung District, central Seoul, is covered with 45,133 silver panels. In the near future, Seoul Design Foundation plans to add value to that number when it issues 45,133 nonfungible tokens (NFTs) — one for each panel — and provides token owners with a variety of benefits. It's one of the foundation's latest projects to integrate the latest digital trends into major public spaces. The project is still in its early stages, and little has been decided, including the platform on which the NFTs will be sold. “To The Future” is an exhibition at the DDP’s NFT Gallery on the third floor of the Design Hall, in which each of the NFTs tells a story about Web 3.0, video art, global warming or personal media. The blank square in the name represents the “potential of what the future holds,” the foundation said. In Wang’s “P.P (Possessory Public),” the artist imagined all 45,133 panels as separate television screens with different photographs of the DDP on them. Kim00’s “Flying through Time” took a more futuristic approach and devised a dystopian space version of the DDP. Some referenced the DDP building in their NFTs, like Wang Da-yeon, Kim00 (pronounced "Kim-ddaeng-ddaeng") and Mo Jun-seok.
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