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🖼 Metaplex introduces fully immutable NFTs and inscriptions on Solana
Solana-based NFT protocol Metaplex is looking to launch a new inscriptions standard on the Solana blockchain. The crypto industry has witnessed a spike in inscriptions, partly driven by what the market has learnt from Bitcoin’s Ordinals. As the BRC-20 tokens soared, the embedding of texts, images and audio among other details onto tokens across the ecosystem. The trend seems to be just getting started despite recent commentary about BRC-20 and its threats to the Bitcoin network. “Metaplex Inscriptions allow you to store an asset’s metadata and media fully on Solana, removing any external trust assumptions and unlocking greater composability for on-chain attributes and smart contracts,” the platform noted in a post on X. “The Engraver adds an extra layer of security that prevents any changes from ever being made to Engraved NFTs, regardless of whether the originating program is immutable,” Metaplex wrote. The price of Metaplex (MPLX) was soaring following the news, trading to highs of $0.28. Data on CoinGecko showed MPLX price had gained over 55% in the past 24 hours. Combined with recent upside momentum, Metaplex has jumped over 300% since mid-November.
NFTs | OpenSea | News
⬜️ OKX NFT marketplace volume surpasses Blur, OpenSea amid Bitcoin Ordinals frenzy
OKX’s non-fungible token trading platform surpassed Blur and OpenSea in daily trading volume as NFT enthusiasts appear to continue trading Bitcoin Ordinals NFTs. OKX NFT Marketplace recorded a 24-hour trading volume of $50.33 million as of 2 p.m. Hong Kong time — making it the largest NFT marketplace by daily trading volume, according to data from DappRadar. Blur came in second with a daily trading volume of $13.21 million, followed by Magic Eden’s $7.63 million. OKX has become the number one NFT marketplace after enabling trading of BTC Ordinals NFTs,” Nick Ruck, chief operating officer of ContentFi Labs, told The Block. “Blur and OpenSea have not yet allowed trading of these Bitcoin-based NFTs, so they've started to fall behind in terms of volume due to the huge demand of Ordinals.” The rise of OKX’s platform comes as the NFT trading volume on the Bitcoin network climbed to $305.44 million in the week of Dec. 10 to Dec. 17 from $121.28 million in the previous week, according to CryptoSlam data. The NFT trading volume on Ethereum in the same week amounted to $93.45 million, while Solana saw $90.74 million.
NFTs | OpenSea | News
🇨🇳 LinkNFT Revolutionizes Hong Kong’s Digital Sphere in China Mobile’s Bold Move
LinkNFT serves as a catalyst in China Mobile’s mission to seamlessly integrate advanced blockchain technologies into everyday life. Beyond its role as an NFT marketplace, LinkNFT envisions becoming a gateway to an evolved digital society, effectively bridging the gap between the physical and virtual worlds. The platform, grounded in simplicity and innovation, lays the foundation for Hong Kong’s digital transformation. At the core of LinkNFT lies its capability to seamlessly merge various digital asset domains, including SocialFi, DeFi, and GameFi. Utilizing CMChain’s cross-chain standard components, the platform facilitates the creation, transaction, and circulation of digital assets across multiple chains. The integration of a cross-chain service agreement, adapter, and smart contract association chain highlights LinkNFT’s technical prowess. A crucial element enhancing user experience is the LinKey digital wallet, an integral part of China Mobile Hong Kong’s exclusive offering, MyLink. This wallet empowers residents to efficiently manage their digital assets, encompassing Ethereum assets from platforms like Opensea.
NFTs | OpenSea | News
📊 NFT Sales Soar to Over $500M; Bitcoin Leads With Unprecedented Growth
The total NFT sales this week, amounting to $503.35 million, saw Bitcoin accounting for more than half of this figure, with its $276.79 million representing 54.98% of the week’s total. This period also marked a significant rise in market activity, with a 199.44% increase in buyers and a 193.20% surge in sellers of NFTs, according to cryptoslam.io stats. Bitcoin’s performance in NFT sales was notably strong, with a 122.16% increase compared to the previous week. Solana also showed a substantial rise in NFT sales, reaching $90.04 million, a 56.58% increase from last week. Meanwhile, both Polygon and Immutable X experienced declines in sales, dropping by 7.28% and 3.79% respectively, compared to the previous week. This week’s data highlights Bitcoin’s growing influence in the NFT sector, with eight of the top ten NFT collections, in terms of weekly sales, originating from the Bitcoin blockchain. The leading seven collections are all Bitcoin-based, while the eighth and ninth positions were held by Ethereum’s “Matr1x Kuku” and Solana’s “Tensorians” compilation, respectively. The most expensive NFT sale this week came from the Ethereum blockchain.
NFTs | OpenSea | News
🖼 Hackers steal NFTs worth millions, from Apes to Art Blocks, in NFT Trader exploit
Millions of dollars of high-value NFTs, including rare Bored Ape and Mutant Ape Yacht Club tokens, World of Women NFTs, VeeFriends, Art Blocks, and more were stolen in a major hack of peer-to-peer trading platform NFT Trader earlier today. The company confirmed in an X post that "old smart contracts" had been attacked and urged users to revoke any permissions they had given the smart contracts in the past. X user foobar has claimed the attacks have finished after NFT Trader updated its smart contracts to fix a reetrancy vulnerability. The apparent main attacker posted a public message to the blockchain, pinning the invention of the NFT exploit on another user and claiming the attack was to "pick up residual garbage." The attacker offered to return tokens to victims after being paid a ransom of 3 eth per Bored Ape and .6 eth per Mutant Ape. The attacker has also made a series of confusing moves, refunding one Bored Ape along with 31 eth to one user and returning certain staked Bored Apes to their owners, while keeping the ApeCoin rewards. Aside from the main hacker, there have been reports of auxiliary hacks that have drained tokens such as Cool Cats and Squiggles from users' wallets. NFT Trader did not immediately reply to a request for comment from The Block.
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🖼 The Sandbox introduces new NFT royalties redistribution system
The crypto market is abuzz with excitement, with The Sandbox (SAND), Polygon (MATIC), and Everoldge (ELDG) at the center of it all. The Sandbox recently introduced a revised NFT royalties redistribution system, which will allow creators to earn passive income for years. In other exciting news, Polygon launched the new Polygon Portal, serving as an improved gateway to Polygon chains. Meanwhile, Everlodge, a new ICO, is in the spotlight for its potential disruption of the trillion-dollar property market. The Sandbox (SAND) is a virtual gaming world where users can build, own, and monetize their gaming experiences. It is among the top altcoins on the market thanks to its incredible contribution to the crypto space. The community is currently buzzing with excitement following a big announcement. The Sandbox news that has been making the rounds concerns NFT creators. In a tweet released by the team on December 13, it announced the introduction of a new NFT royalties redistribution system. With this new update, NFT creators will automatically receive 2.5% of royalties from assets sold on The Sandbox marketplace. Previously, the platform received all 5% of royalties from secondary asset sales.
NFTs | OpenSea | News
🇨🇳 China’s Largest Telecom Operator Launches NFT Market LinkNFT
The primary objective is to provide Hong Kong citizens with easy access to the next generation of Web3.0 Internet, fostering a unique experience and contributing to the establishment of a new digital economy and society. This initiative aims to propel Hong Kong into the forefront of the Web3.0 era, emphasizing the convergence of virtual and physical realms. LinkNFT offers enterprises digital asset NFT casting services, facilitating the generation, transaction. LinkNFT offers enterprises digital asset NFT casting services, facilitating the generation, transaction, and circulation of digital assets across various scenarios such as SocialFi, DeFi, and GameFi. Currently integrated with CMChain, LinkNFT is Web3.0 compatible through CMChain’s three-in-one cross-chain standard components: the CMChain Web3.0 Center cross-chain service agreement, cross-chain adapter, and cross-chain smart contract association chain. China Mobile Hong Kong (CMHK) has collaborated across diverse sectors to pioneer the release of over 30 NFTs on LinkNFT. This collection also comprises 20 commemorative NFTs from the MyLink ArLink series, along with 15 NFTs from entities such as United Publishing House and Migu Music.
NFTs | OpenSea | News
💰 'Bitcoin NFT' Hysteria Comes to Sotheby's as Super-Mario-Style Mushroom Character Tops $200K
The first-ever sale by Sotheby's of "inscriptions" created using the Bitcoin blockchain's Ordinals protocol – from a pixelated collection known as "BitcoinShrooms" – drew about $450,000, or five times the highest estimates, potentially revealing a mainstream fervor for the tradable digital images colloquially referred to as "NFTs on Bitcoin.". The auction, which concluded on Wednesday, consisted of three of the images, including a pixelated avocado that fetched more than $100,000. The results recall the mania that swept digital-asset markets a couple years ago when digital artwork and non-fungible tokens or "NFTs" first started drawing eye-popping sums, and captured mainstream attention; one NFT by the artist Beeple drew $69 million at the auction house Christie's. Many of those collections, however, were built atop the Ethereum blockchain. The Ordinals inscriptions, which debuted late last year featuring a new technology pioneered by Casey Rodarmor atop Bitcoin have witnessed bouts of popularity this year sufficient to cause congestion and elevated fees on the distributed network, launched in 2009 to be a peer-to-peer payments network.
NFTs | OpenSea | News
🪙 Casio Drops Virtual G-Shock Watches as Ethereum NFTs—With Exclusive Perks
Japanese electronics company Casio has launched an exclusive collection of digital art collectibles featuring its iconic G-Shock brand of watches, with a fresh set of incentives tied to the Ethereum NFTs. The limited-edition set of 2,000 NFT art pieces in a pair of futuristic “Virtual G-Shock” designs went on sale at 10pm ET Thursday. This marks Casio's second foray into the NFT space following September’s debut of free G-Shock Creator Pass NFTs on Ethereum scaling network Polygon. Owners of the Ethereum NFTs will gain access to exclusive behind-the-scenes experiences with Casio, including a tour of the G-Shock Endurance Test Laboratory in Tokyo that showcases the durability testing the brand is known for. Collectors will also attend a roundtable discussion with designers to learn about the creative process behind the virtual G-Shock models. Furthermore, owners will receive behind-the-scenes design materials tied to the Virtual G-Shock watches, along with the first right to buy the next wave of Virtual G-Shock NFTs. Additionally, Casio has hinted at future opportunities for NFT holders to collaborate on creating new digital Casio products.
NFTs | OpenSea | News
🖼 'Lords of Light' NFT Game Studio Raini Reveals New Owners, RST Token on Beam
Crypto infrastructure firm Ceden and the studio behind the NFT collection Kanpai Pandas have bought and acquired Raini Studios, the firms announced Wednesday. The new joint venture is called RJV International DBA Raini Studios, according to a post from the Raini team. The team’s token, RST, is a consolidation of its previous RAINI and PHOTON tokens and will now live on the Avalanche subnet Beam, a gaming network, per CoinGecko data. Together, the three teams have already begun work on a new game that they say uses one of the largest combat game IPs in the world, they shared in a Twitch stream. The name of the IP has not yet been revealed, but Ceden co-founder and game industry veteran Michael Haller shared that more details will be revealed “shortly.” Raini Lead Designer Marty Burgess is now a part of the new, larger studio, and the entire Raini team will stay on post-acquisition, the studio confirmed to Decrypt. Raini Studios is primarily known for its digital trading card game Raini: The Lords of Light, which offers a free-to-play Hearthstone-like gaming experience with tons of crypto memes and optional NFT cards.
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🖼 J1mmy.eth once minted 420 Bored Apes… and had NFTs worth $150M: NFT Creator
Jimmy McNelis, aka j1mmy.eth, will hold a special place in history as a creator, as a passionate advocate, and for having one of the greatest NFT collections of all time. An NFT OG who started his journey on Dec. 5, 2017, when he purchased his first CryptoKitty, the 45-year-old American is also the founder of Avastars, an early PFP project from February 2020 that set the scene for intellectual property (IP) rights being given to holders. That was popularized by Bored Ape Yacht Club and the 2021 PFP mania that saw IP rights for holders becoming the standard for most projects. Avastars was also a pioneer in putting the project on-chain, inspired by Autoglyphs, which minted 10 months earlier. J1mmy also has an almost unrivaled NFT collection worth around $150 million at the peak. The astonishing collection includes eight Autoglyphs, 19 Chromie Squiggles, 30 Bored Apes, five CryptoPunks, 11 Gazers, 61 Meebits, 114 CyberBrokers and a Twin Flame by Justin Aversano. “One thing that I maybe don’t do a good enough job really talking about is the collector aspect of my NFT journey and the art collector that I am as well. I believe that I have one of the best art collections in existence.”
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🔫 ODDLY-SHAPED PLAYSTATION 5 PRO CONCEPT EMPHASIZES VR IMMERSION FOR METAVERSE GAMES
Sony just released the PlayStation 5 Slim to give gamers another reason for hitting the couch this winter season. The console is considerably smaller than the bigger brother released in November 2020. The question remains, is it the better version of the PS5 or do gamers deserve a better gaming console from Sony.This is where the rumors of a PlayStation 5 Pro sound exciting, filling in the gap to the long lull before PS6 finally hits the shelves. This flamboyant concept gives our imagination wings of what PS5 Pro could bring to the competition. The main focus here is on the augmented reality and virtual reality aspects of modern games, and that’s where we’re headed in the future. Gear for such a gaming console requires VR headsets and accompanying controllers. The rear of the console houses the VR controllers and headsets and comes with wireless plug-and-play functionality. To keep the wire-clutter of main cables routed to the console to a minimum, the bottom rear handles the organizing aspect. What’s most intriguing about this concept gaming console are the controllers. They can behave as knuckle controllers in conjunction with the VR headset for an immersive experience.
NFTs | OpenSea | News
🖼 Champions Arena is Ushering In a ‘New Generation’ of In-Game NFTs
Following its launch in August on Gala Games, OneUniverse’s turn-based mobile battler Champions Arena is powering ahead with the addition of new NFT features and a bold plan to win over Web2 gamers to the world of Web3 gaming.It’s a strategy that’s played out well for the game; Decrypt’s review of Champions Arena called it “addictive,” and “casual-friendly,” with a “solid core gameplay loop” that had our reviewer hooked for hours. With well over a hundred characters, plus levels, individual attacks and spells, “there is a ton of strategy involved,” said Brink. Once you’re ready to take the plunge into Web3 gaming, Champions Arena lets players segue smoothly into using NFTs. “All players have the option to play with minted NFT characters in all aspects of the game,” Brink explained. Players can take their NFTs into the PvP arena, where they can earn Victory Points that determine their daily GALA rewards for playing. “Additionally, all in-game characters may be minted (turned into owned NFTs) using purchased items called Minting Scrolls,” said Brink. “This allows players to level up their characters before committing to minting them.” A future update will add items called Nexus, an “extremely limited quantity” item that enables owners to rent out their best Champion characters to free players, unlocking their ability to earn GALA rewards.
NFTs | OpenSea | News
🔫 'One Point Five' climate-related newspaper in metaverse world launched at COP28
The COP28 conference witnessed the launch of the "One Point Five" newspaper dedicated to climate and environmental issues in the metaverse world to shed light on the repercussions of climate change and its impact on the environment. In a statement to the Emirates News Agency (WAM) during the conference, Khaled Ammar, Founder of the "One Point Five" newspaper, shared details about the newspaper, which integrates virtual reality, metaverse, and artificial intelligence technologies. Ammar, who is also a journalist, lecturer and writer at the International Journalists Network in Washington, explained that the idea of the newspaper aims to keep pace with the massive technological advancements in the metaverse world. Additionally, it actively contributes to easing the burden on nature by utilising virtual media. He added that the newspaper was launched by a group of Egyptian journalists, featuring a virtual studio, an editorial hall, meeting and lecture rooms, and a training centre. Through these facilities, they work to provide live models of nature, reducing physical visits to reserves and forests by allowing virtual exploration.
NFTs | OpenSea | News
🖼 Enjin completes Ethereum to Polkadot NFT migration
Longstanding blockchain gaming platform Enjin has completed its migration from Ethereum to its new Polkadot-based Enjin Blockchain, which is specifically designed for NFTs. Launched in 2017, over 200 million NFTs have been minted on Enjin’s Ethereum-based platform and users can now migrate all these assets using Enjin’s migration tools. In addition, Enjin is providing free transactions on its new blockchain for the next three months. More generally, Enjin’s decision to move to Polkadot enables its ecosystem to take advantage of features including a throughput up to 5,000 transactions per second, enforced on-chain royalties and transaction fees priced around $0.005. In addition, game developers will be able to deploy their own game chains while interoperating with the main Enjin chain. “Enjin’s migration from its legacy solutions exemplifies the community’s dedication to progress in its pursuit of mass-market success,” said Rene Stefancic, chief operating officer of Atlas, which is the company developing out the technology.
NFTs | OpenSea | News
🖼 NFT sales decline, Solana surpasses Ethereum’s volume
Investor interest in non-fungible tokens (NFTs) has declined significantly for the first time since early November. Despite the market downturn, Solana (SOL) became the second-largest network for the asset class. According to data provided by CryptoSlam, the global NFT sales volume witnessed a 42% plunge in the past 24 hours, falling to $64.3 million. The total number of NFT transactions also declined by 21%, closing down to the 350,000 mark. The notable plunges come three days after the NFT sales volume hit a 20-month-high of $132.3 million on Dec. 15 — a level last seen in mid-May 2022. Per CryptoSlam data, while the amount of wash trades declined by 16.5% — currently standing at $6.5 million — the number of wash transactions witnessed a significant surge of 90.7%, surpassing the 30,000 mark in a day. Ethereum has been dominating the NFT scene since the creation of digital collectibles until the Bitcoin (BTC) Ordinals arrived, making Ethereum take the second spot. However, CryptoSlam data shows that Solana surpassed Ethereum by a slight difference, becoming the second-largest blockchain for NFTs with a 24-hour trading volume of $9.58 million.
NFTs | OpenSea | News
🪙 Sandbox meets a formidable opponent in this new cryptocurrency attracting investor focus
The Sandbox is looking to boost NFT activity with a new royalty program. Experts now debate the effect of the upgrades on the Sandbox (SAND) price movement. The Sandbox (SAND) is making waves within the cryptocurrency space after redesigning its NFT Royalty Programme. The new development would see a larger part of secondary royalties distributed to original creators. News of The Sandbox’s new royalty program coincides with the sharp decline in NFT activity across the crypto market. It also coincides with the ongoing rally that has increased bullishness for SAND. As of October 30, SAND traded at $0.359. One month later, SAND had risen by 15.5% to $0.415 on December 1. SAND jumped by 27.9%, reaching $0.531 after The Sandbox unveiled its new royalty program. NuggetRush (NUGX) was created with one goal – to offer an innovative play-to-earn experience with vast rewards and exciting gameplay. The project features a hyperrealistic land terrain where players are tasked with turning a small mining gig into a booming business operation. NuggetRush (NUGX) allows players to become artisanal miners and experience the ups and downs of mining mineral resources.
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🖼 NFT Trader Suffers $3 Million Loss In Multiple Attacks – Details
NFT Trader, a peer-to-peer non-fungible token trading platform, has suffered a set of multiple exploits leading to multi-million dollar losses in users’ assets. The incident occurred on December 16, with the bad actors carting away $3 million worth of tokens, including 13 Mutant Ape Yacht Club, 37 Bored Ape, some VeeFriends, and World of Women NFTs. NFT Trader has since confirmed the attack via an X post advising users to revoke access to some of its old smart contracts. NFT Trader hackers shared a message in which he attributed the origin of the exploits to another attacker. In this message, the hacker claims to be a scavenger who came “for the leftover trash.” The exploiter claims to have just realized the high value of NFTs. They also admitted to having limited technical skills and are open to returning the stolen NFTs to users in return for a 10% bounty paid in Ether (ETH), which represents 3 ETH per Bored Ape and 0.6 ETH per Mutant Ape Yacht. However, in another puzzling development, a victim of the NFT Trader exploit claims the same hacker has now returned some of the loot, including 31 ETH and a rare NFT, albeit holding on to the Apecoin rewards.
NFTs | OpenSea | News
🖼 P2P Platform NFT Trader Falls Victim to Security Flaw, $3 Million in Blue-Chip NFTs Lifted
The NFT trading platform NFT Trader has been compromised, resulting in a loss estimated at approximately $2.85 million in high-value NFTs. On Saturday, NFT Trader issued a public statement on X, warning, “We’ve suffered an attack on old smart contracts, please remove the delegation using revoke cash to the following addresses,” and provided two addresses along with the affected smart contract addresses. Revoke Cash X’s official account revealed that the thief absconded with around $3 million in NFTs. The Revoke Cash website, which summarizes the breach, states that the exact method of the theft remains unclear, yet some stolen NFTs have been returned. “The exploiter has sent several stolen NFTs back to the victims, so there is hope that users will recover some of their assets,” Revoke Cash observed. As 2023 draws to a close, the NFT Trader incident adds to a string of recent security breaches, following closely behind the Ledger Connect Kit Library mishap and the Okx Dex hack. Research from the previous month indicated that $343 million had been pilfered from both centralized and decentralized crypto exchanges. With the surge in value of non-fungible token assets, they have increasingly become prime targets due to their substantial worth.
NFTs | OpenSea | News
🔫 ZTX Web3 Platform Strengthens Japanese Presence through Metaverse Collection Partnership
The Japanese government has displayed a notable inclination towards embracing the metaverse industry, blockchain technology, and the crypto market. Japanese retailers, particularly those associated with the ZEPETO community, have a well-established history with ZTX. The ZEPETO project, which supported ZTX, has garnered favor among Japanese retailers, rewarding them for their adoption of the ZTX metaverse platform. According to Lee Nomura, Project Manager at Metaverse Collection, ZTX enjoys several advantages compared to typical Web3 gaming or metaverse projects when venturing into Japan. Notably, its Web2 platform already boasts millions of users in Japan and has the backing of Softbank. Nomura emphasized that the upcoming collaboration with Fuji TV to co-launch a virtual singer/idol audition in December adds another layer of strength to ZTX’s position in the Japanese market. Metaverse Collection, leveraging its experience as marketers in Japan, aims to amplify the existing sparks within ZTX and create lasting fires.
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🖼 NFT Trader Contract Compromise Leads to Millions in NFTs Drained
Although delegate.cash founder 0xfoobar, working along with a sixteen-year-old coder, has managed to pinpoint the faulty code in NFT Trader’s exploited contracts and assist them in removing the exploits, users are exhorted to revoke any allowances linked to these contracts—listed in this post by NFT Trader. This can be done on revoke.cash—which is now fully safe to use again after a widespread exploit of a Ledger Connect library was resolved on Dec. 14. “Users should go to Revoke.Cash and immediately search to see if they have approvals for the NFTTrader contracts, if so revoke ASAP. They are vulnerable if they have an approval and they must revoke–which is not a disconnect from site but an on-chain revoke—before the hacker withdraws their asset,” a cybersecurity engineer and Wallet Guard ambassador told nft now. An individual claiming to be the hacker has been communicating with security researcher ZachXBT via onchain chat. “Hello, everyone. I’m a scavenger. First of all, monkeys are safe, and in the end, they come back to the user,” the individual wrote. Users who have lost assets are strongly cautioned to not send any money to the hacker.
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🖼 Farcana Raises $10 Million for NFT Esports Shooter That Pays Out Bitcoin
The Farcana team has raised $10 million in seed funding from Animoca Brands, Polygon Ventures, Fenbushi Capital, Merit Circle, and others to further develop its third-person multiplayer shooter game, Farcana has shared exclusively with Decrypt. Rarestone Capital, MMPro Trust, Unpopular Ventures, Kapo Capital, Emchain, Hasu Capital, and Dravus Investment also participated in the round. Within the game’s lore, Farcana is an ongoing tournament trial of sorts where players with Axelar-induced powers compete for glory. “We believe Farcana has the potential to be the next iconic blockchain game and continuously bring new users to Web3,” Fenbushi Capital Investment Director Clarence Zhou said in a statement. “We have been working with Farcana over the past year and we’ve been impressed with the development and traction it’s received so far,” said Animoca Brands co-founder and chairman Yat Siu. Farcana shares some similarities to a game like Blizzard’s Overwatch, but with smaller, walled maps and game modes that are reminiscent of Riot Games’ Valorant. The story of Farcana takes place in a near-future world where humanity has left Earth for Mars and discovers a superpower-granting substance called Axelar.
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🖼 Red Bull Formula 1 team drops NFTs after dominant season
Formula 1 racing team Oracle Red Bull is commemorating a strong showing in 2023 with a collection of digital collectibles. With two drivers atop the 2023 Formula 1 standings, Red Bull's racing team is dropping a collection of digital collectibles to commemorate its dominant year. Drivers Max Verstappen and Sergio Pérez ranked number one and two this year respectively, which also made Red Bull the clear leader among all other teams. The team is issuing NFTs to help fans remember the successful year. "The launch follows the most successful year in history for Oracle Red Bull Racing who set records for most championship points in a single season," Red Bull said in a statement. "The collectibles will feature unique art designed by Automobilist, an award-winning design studio with individuals passionate about creating designs and art around all things motorsport. The NFTs will be available via Bybit.com." Sports lovers have for several decades collected memorabilia and collectibles that they either treasure or perhaps later sell. In recent years, the push to bring the pastime into the digital age has attracted a lot of big name sports leagues and players within web3, including NBA Top Shot from Dapper Labs and Candy Digital's Major League Baseball NFTs.
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🖼 Social Giant Line Raises $140 Million for NFT Push, 'Brown and Friends' Games
Line Next, the NFT subsidiary of Japanese messaging giant Line, has raised $140 million in a funding round led by private equity firm Crescendo Equity Partners. The investment marks the largest backing for an Asian blockchain company this year, the company claims. The firm plans to use the fresh capital injection to expand its global NFT business and introduce new services to promote wider Web3 adoption. First on the agenda is the official launch of Dosi, Line Next’s global NFT marketplace, in January 2024. Integrated with Line's existing NFT platform in Japan, Dosi will be offered as a mobile app that enables global trading of digital assets. Line Next—which is based in South Korea but also has offices in the U.S. and Japan—is also developing a social app powered by AI avatars, as well as blockchain games utilizing Line's popular Brown & Friends characters from the Line Friends IP. The company also operates the Game Dosi platform, which hosts a number of NFT games. Finschia, which was previously called Line Blockchain (and originally the Link Chain). Finschia’s native cryptocurrency is LINK. Line Next and the Peter Thiel-backed Crescendo will join the Finschia Foundation to contribute to expanding the blockchain's ecosystem.
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⬜️ OKX NFT Marketplace Claims First Place in Dapp Radar Rankings, Surpassing Blur and OpenSea on December 13
OKX today announced that its NFT Marketplace has secured the top spot in Dapp Radar's ranking of NFT marketplaces on December 13. Surpassing other marketplaces like Blur and OpenSea, OKX NFT Marketplace has emerged as the go-to platform for NFT traders and enthusiasts.Dapp Radar ranks NFT marketplaces based on a combination of factors that reflect their popularity and activity, such as the average price of NFTs sold on the marketplace, number of unique traders on the platform and trading volume. In addition to its top ranking on Dapp Radar, OKX NFT Marketplace has also made significant strides in the BTC ordinals space. Its Ordinals Market, a leading platform for trading and inscribing BRC-20 and BTC NFTs, recently reached a percentage share of volume by marketplace of 91.7% on November 19 and 90.2% on November 21. The world's most powerful, secure and versatile crypto wallet which gives users access to over 70 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, 'written down' seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account.
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🖼 Trump hawks new NFTs for a chance to win a piece of his mugshot suit
Former President Donald Trump is adding a twist to his latest NFT sales pitch, unveiling another set of digital trading cards that will give fans the chance to not only eat dinner with him but also score a piece of the suit he wore for his recent mugshot. Previous Trump NFT drops have included bonuses like Zoom calls and an opportunity to dine with the president at a gala dinner. Trump is calling the suit he wore "the most historically significant artifact in United States history," according to the website promoting the NFT drop and bonus merchandise. The new "Mugshot Edition" trading cards cost $99, and anyone who buys 47 in a single transaction ($4,653) will get both dinner with Trump and a physical trading card that includes a piece of the suit he wore when the mugshot was taken by police in Georgia after he was indicted in August. Consumers who use crypto to buy 100 trading cards in one go will get extra bonuses including a chance to attend a "pre-gala" cocktail reception with the former president. Besides a physical card with a piece of the suit, those buying more than 100 cards will also receive another physical card that includes a piece of the tie he wore when police photographed him.While the 24-hour increase is notable, the total volume registered below $100,000, according to OpenSea data.
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🔫 Worldline Introduces Metaverse Shopping Hub
Worldline has released the Worldline Metaverse Shopping Hub within Spatial, a significant upgrade to its white-label solution for merchants seeking access to the Metaverse. Through this platform extension, online businesses will be able to benefit from major advances in graphical quality and accessibility across desktop, mobile and VR devices. With the Metaverse e-commerce marketplace estimated to reach US$2.6 trillion by 2030 according to McKinsey. After a successful launch of the Worldline Metaverse Shopping Mall earlier this year in Decentraland, Worldline now adds Spatial, thus creating a Metaverse Shopping Hub across various Metaverse platforms. Understanding the transformative nature of gaming’s influence on the digital world, season two within Spatial will provide new customer engagement methods supportive of the digital environment’s pre-existing intuitive behaviours. For example, merchants can incentivise users to participate in virtual scavenger hunts, allowing them to collect digital eggs in exchange for community card NFT rewards.
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🖼 FIFA drops NFTs that offer chance at World Cup final tickets, moves to Polygon
FIFA, the international governing body for the world's most popular sport, is dropping a limited number of digital collectibles later this week that will give holders the opportunity to watch the final game of the 2026 World Cup, according to a statement. "For the first drop, 100 digital collectibles will be made available ... and will feature the rarest collectibles that offer the chance to secure 2026 FIFA World Cup final tickets," the statement said. FIFA's NFTs were originally minted on Algorand, but are now planning to move to Polygon with the second stage of this upcoming collection, a blockchain popular among web3 gaming projects. Future FIFA digital collectible launches will also utilize Polygon, the statement said. When FIFA first announced "FIFA+ Collect" last year, it was billed as offering "football fans around the world with the chance to affordably own unique digital collectibles." The NFT drop comes as the FIFA Club World Cup 2023 is set to kick off tomorrow in Saudi Arabia. Big brands, however, have continued to pursue opportunities to service and monetize super fans with digital collectible initiatives.
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🔫 Oasys taps rollup platform AltLayer to simplify metaverse deployment
Gaming-focused blockchain Oasys collaborated with zero-knowledge rollup platform AltLayer to simplify the deployment of metaverses within the Oasys ecosystem. Oasys announced Tuesday that the partnership will use AltLayer’s rollup-as-a-service feature to provide a simpler experience to builders who want to launch blockchain games and metaverses within the Oasys network. In February 2022, Oasys launched its network to increase the mainstream adoption of play-to-earn (P2E) blockchain games. The network touts its “zero gas fee experience” and asset portability between projects built within it. The blockchain’s founding team included bigshots in gaming and crypto gaming. He also noted that with the number of small and medium-sized developers expected to increase, the team believes it’s important to provide a platform where creating a “Verse” within the second layer of Oasys’ two-layer architecture is easy. The environment around blockchain gaming had “definitely evolved,” and he sees the industry as “thicker” than the previous year.
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🔫 Fortnite's early billion-dollar metaverse ideas shared by former Epic Games exec
Fortnite was an ambitious game right from the get-go, and the free-to-lay sensation owes its success to a spoke diagram drawn on a dry-erase board way back in 2017. Ex-Fortnite creative officer Donald Mustard recently shared what appears to be Epic's 'north star' for the battle royale. This could be one of the earliest plans for gaming's growing metaverse aspirations. Fortnite has defined social gaming for years with its live concerts and in-game events, not to mention the plethora of crossovers with billion-dollar brands across multiple industries. The Hub is definitely a framework that's helping facilitate the nascent Games-as-a-Platform business concept for the interactive entertainment industry, which sees games can being distributed and played within other games. Epic and its partners just launched three new live service games that can be played within Fortnite itself, including an innovative and highly-praised Lego mode. Other examples include Ubisoft's upcoming Assassin's Creed Infinity game, and Roblox was a big innovator in this space as well.This could be one of the earliest plans for gaming's growing metaverse aspirations. Fortnite has defined social gaming for years with its live concerts and in-game events, not to mention the plethora of crossovers with billion-dollar brands across multiple industries.
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