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🟠 Former Binance chief Changpeng Zhao announces new educational project involving NFTs
Changpeng Zhao, co-founder and former CEO of Binance, announced on X on Tuesday morning in Asia that he's hiring for his next project named Giggle Academy. He described it as a “gamified, adaptive” platform that aims to provide free basic education for all. The concept paper for Zhao’s new platform said that the project's main target is to educate underprivileged children in developing nations by providing content covering education from grades one to 12.
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💰 Bitcoin Ordinals NFT interest soars as NodeMonkes records 53% surge in floor price
The floor price of NodeMonkes, Bitcoin’s premiere non-fungible token (NFT) collection, surged by over 50% in the past 24 hours, surpassing Bored Ape Yacht Club in market capitalization on Monday morning in Asia, according to CoinGecko data. As of 11:00 a.m. Hong Kong time, the floor price of NodeMonkes had jumped by 53.3% to 0.83 BTC ($55,890) over the past 24 hours, with its market cap expanding to around $558.9 million.
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🖼 $Donuts Set to Launch Its Trailblazing Token and NFT Project on Solana Blockchain
The $Donuts project is uniquely composed of the $DONUTS token, with a total supply of 100,000,000, aimed at enhancing community transactions and rewards, alongside a series of Springfield-themed NFTs. These NFTs immortalize the iconic moments and characters from Springfield, marrying nostalgia with the cutting-edge technology of the blockchain. This event is a prelude to our journey, setting the stage for a series of community-driven events, including airdrops, contests, and exclusive NFT drops.
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🖼 Marvel partners with NFT company for new digital comics platform to rival Amazon's digital comics market
Marvel Entertainment has partnered with the prominent NFT company VeVe to be the first major client of an all-new digital comics reading platform coming to market just as Amazon's once-massive digital comics services continues to falter. The VeVe Comics app and webstore "fills a current gap in the industry" according to a spokesperson, with plans for it to partner with other publishers in addition to Marvel in the coming months.
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🖼 'MadWorld' Mobile NFT Shooter Launches in Early Access as Studio Raises $11 Million
MadWorld, a post-apocalyptic shooter game for iOS and Android, opened up registration for its early access playtest on Thursday, giving players an opportunity to test out its NFT-based territory control elements. And the studio behind the title, Carbonated, also shared that it has raised $11 million in fresh funding from prominent backers. The studio previously raised $8.5 million in 2020 with Andreessen and Bitkraft both attached then, as well.
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🖼 Ronin Hits All-Time High Price as Ethereum Gaming Network Hosts Free ‘Kaidro’ NFT Mint
Ronin, a gaming-centric Ethereum scaling network, continued its recent ascent early Wednesday, setting a new all-time high price to beat its previous record from 2022. The RON token spiked to $4.45 early Monday, though it has since cooled slightly to $4.31 as of this writing, per data from CoinGecko. It’s still up 12% on the day, and the latest surge has pushed its seven-day gains to a whopping 53% following a weekend pump.
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💰 Solana NFT marketplace Tensor issuing TNSR governance token
Solana NFT marketplace Tensor announced it will issue a governance token. In a post to X, Tensor Foundation teased issuing the TNSR token, though without providing many details. "NFTs today are a niche community on the fringes of the web. NFTs tomorrow will power products, businesses and entire industries. NFT traders will go from thousands — to billions," the organization said on Tuesday.
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🖼 Bored Apes and Other Yuga Ethereum NFTs Are Shedding Value
Several NFT collections created by industry giant Yuga Labs have sunk to all-time low ETH valuations—at the same time that other NFT projects, including those acquired by the company, have grown in value on the wings of booming crypto prices. Mutant Ape Yacht Club (MAYC), for example, a collection released by Yuga in August 2021, has fallen to an all-time-low floor price of 2.4 ETH, according to CoinGecko—meaning the cheapest NFT in the 20,000-piece PFP collection can be acquired for that price.
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🟠 Binance exit sparks fears and opportunities in Nigeria’s crypto community
According to local crypto stakeholder Nathaniel Luz, Nigeria’s crypto ecosystem will see the rise of new crypto exchanges that will fill the vacuum created by Binance’s exit. In separate interviews with Cointelegraph, local crypto stakeholders said the delisting of Nigerian naira-related services from Binance will lead to the rise of new crypto exchanges, which will fill the vacuum created by Binance’s exit by complying with local regulations.
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🖼 Musée d’Orsay Breaks New Ground with On-Chain Exhibition and NFT Auction
The Musée d’Orsay, a renowned museum in Paris, is venturing into the world of blockchain and digital art with its first-ever commission of an on-chain NFT exhibition. These five single-edition NFTs (non-fungible tokens), minted on the Tezos blockchain, are a result of a captivating art installation and social experiment currently on display as part of the museum’s digital-themed exhibition, “Le Code d’Orsay.”
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🔫 Busta Rhymes Brings Hip-Hop to the Metaverse
TCG World, an online virtual community sandbox, has joined forces with Chooky Records, the music label, to introduce a chart-topping hit to the metaverse. The focal point of this collaboration is the highly anticipated premiere of the official “Chooky” music video within the TCG World metaverse. Featuring the vocal talents of Nigerian artist O.T., Australian/Japanese singer Elesia Iimura, and legendary hip-hop icon Busta Rhymes, the “Chooky” track took the music world by storm in 2023.
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📉 Floor Prices Of Top 🖼 NFT Collections Crash As Cryptocurrencies Rally
NFTs are underperforming the broader crypto markets amid the latest leg of bullish momentum posted by ETH and BTC. Token listings on Blur, the leading NFT marketplace, show five of the top six collections by daily volume suffering losses of between 20% and 37% when measured in ETH over the past seven days. The latter three collections also suffered losses of between 15% and 20% against USD over the same period, while BAYC tumbled 5%, according to NFT Price Floor.
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🖼 NFT fantasy sports startup Sorare lays off 13% of staff as web3 gaming continues to sputter
Web3-enabled fantasy sports platform Sorare laid off 22 employees based in its New York office in February. The move comes as the startup wants certain teams to be concentrated at the company’s Paris headquarters to improve communication and efficiency, a source familiar with the matter told TechCrunch. “As we plan for our next stage of growth, Sorare has made the decision to centralize some of our functions at our Paris HQ,” Nicolas Julia, the co-founder and CEO of Sorare, told TechCrunch through email.
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🔫 Sony’s “Super-Fungible Token” System Reveals Plan for NFT-Powered Gaming Assets
Sony has filed a patent for a new “super-fungible token” (SFT) system that aims to revolutionize how players own and interact with in-game assets and collectibles. The technology seeks to provide gamers with greater flexibility and control over their virtual items, potentially transforming the way we think about in-game ownership and economies.
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🖼 WEMIX and The Sandbox to Propel NFT Scene at NFC Event
The Non-Fungible Conference (NFC)—a prestigious event in the NFT calendar—will return to the Carlos Lopes Pavilion in Lisbon, Portugal, from May 28 to 30. Co-organized by the celebrated web3 titans WEMIX and The Sandbox, the event will pay vibrant homage to various sectors influenced by NFTs, including the arts, fashion, and interactive entertainment.
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🖼 Sony Bank Goes Full Web3 With NFT Rewards and Green Token
Sony Bank has unveiled plans to launch an NFT-based mobile app and issue a green finance security token on the blockchain. The CONNECT app, set for release this summer on Android, will allow customers to earn digital asset rewards in the form of non-fungible tokens (NFTs) powered by Sony’s private blockchain. In the coming months, the bank will roll out a $1 million U.S. dollar-denominated green security token offering targeted at Japanese investors.
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🖼 Shiba Inu NFTs Shiboshis Continue to Burn SHIB
The Shiba Inu community has continued to focus its attention on the burning campaign, as several proponents champion the narrative of increased burns. This has resulted in the exploration of diverse avenues for the incineration exercise, including Shibarium. Most community members believe Shibarium is the most viable avenue to implement more burns, especially given the number of tokens the layer-2 network has incinerated since the fourth quarter of 2023. As of December 2023, Shibarium had burned 33 billion SHIB in four transactions.
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💰 Asia Broadband Launches Gold-Backed NFTs on Solana
Asia Broadband, a team of gold mine operations and creators of gold-backed cryptocurrency $AABB, have launched gold-backed NFT collection Golden Rascals on the Solana blockchain. The collection marks Asia Broadband’s expansion to Solana following the launch of their first gold-backed NFT collection, the Golden Baboons Mining Club, on Ethereum last year. Each NFT is backed by a half gram of gold, with legendary-rarity NFTs backed by a full troy ounce of gold.
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📣 Changes to IP laws 'not necessary' to deal with NFTs, says report
IP laws do not currently need to change to address infringement concerns relating to the use of non-fungible tokens (NFTs). So said the USPTO and US Copyright Office in a joint study published 13 March examining the IP law and policy implications of NFTs. NFTS are part of an emerging technology that leverages blockchain technology for a variety of uses such as representing ownership of digital art or authenticity of products and services, implicating IP rights.
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🖼 Slovenia's SunContract launches NFT marketplace for solar panels
Slovenian blockchain energy-trading platform developer SunContract has launched a non-fungible token (NFT) marketplace for solar panels, it said. The NFT marketplace was officially launched at the Crypto Expo Europe 2024 conference in Bucharest. The first series of NFTs, representing individual solar panels from a power plant in Slovenia's Visnje sold out on opening day, SunContract said in a statement earlier this week.
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🖼 NFT Providers May Need Registration to Comply With UK Money Laundering Rules
Crypto businesses that issue non-fungible tokens (NFTs) in the U.K. rather than providing financial services will probably need to register with the Financial Conduct Authority even after the government introduces a new authorization regime for the industry, according to a consultation on money laundering issued by the Treasury on Monday. The government has been refining its crypto regulation environment, and last year said it planned to bring crypto exchanges and custody providers into the new crypto authorization regime.
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🖼 Crypto Gambinos Focuses on NFT Sales After Successful $MOBCOIN Launch
Crypto Gambinos, a project developed by Phantom Labs Pty Ltd, has successfully launched its native cryptocurrency, $MOBCOIN. With the $MOBCOIN presale complete, the token is now publicly available for trading on Uniswap. The NFT collection, available for minting on the Crypto Gambinos website, features a narrative centered around a character's evolution within a family hierarchy. The collection includes a range of characters, each with varying degrees of rarity, and totals 7,777 NFTs.
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#Market Update:
BTC is currently above 69k level which is a bullish sign for the further bullish momentum BTC needs a weekly closure above it
The Next week Major events :
-US CPI tomorrow
-US PPI and Retail sales day after tomorrow
As we have a weekly closure tonight and major events coming so volatility is expected trade cautiously and must use Sl.
@ChartsSignalsTrading
🖼 NFT Market Flourishes With an 11.62% Rise This Week
Sales of Non-fungible tokens (NFTs) have witnessed a notable uptick this past week, climbing 11.62% to hit $442.02 million over the previous seven days. The most significant transaction was the sale of the ‘Alien’ Cryptopunk #3,100, donning a headband, for $16 million, with Bitcoin-based NFTs claiming the lead in sales volume across 22 different blockchains.
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🖼 NFT platform Zora is offering a novel way for AI model makers to earn money
Zora, an NFT-based social network platform, is continuing its expansion beyond the crypto-sphere into the hot artificial intelligence market, Dee Goens, the startups’ co-founder, said on Chain Reaction. The Zora Network is built on top of the layer-2 blockchain Optimism, which focuses on growing the Ethereum ecosystem. Since it was founded in 2020, Zora has had over $300 million in secondary sales, users have minted, or posted, over 4 million NFTs and it has about 1 million unique collectors, according to its website.
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🖼 NFT Platform Lost Worlds Launches Creation Portal to Enable Simplified GeoNFT Minting
Location-based NFT platform Lost Worlds has launched a new Creation Portal, enabling users to create and deploy geographically-linked digital collectibles (geoNFTs) with unprecedented ease. Previously, creating and deploying geoNFTs required direct coordination with the Lost Worlds team. The Creation Portal changes this, opening the doors to anyone – from individual enthusiasts to large-scale projects – interested in crafting and exploring geoNFTs across any supported blockchain.
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💰 Bitcoin halving will spur ‘surge’ in NFT volume
Bitcoin halving looms closer, professionals working in the nonfungible token (NFT) space anticipate that the crypto milestone will not only affect crypto tokens but may also positively impact the NFT ecosystem. Oscar Franklin Tan, the chief financial officer of Atlas Development, a core contributor to the NFT platform Enjin, believes that NFT prices will “surge after the halving.” The executive argued that this is part of a known cycle where interest in Bitcoin spills over other ecosystems like NFTs.
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🔫 Yuga Labs tests its Bored Apes-themed Otherside Metaverse
Yuga Labs begins testing its Bored Apes-themed Otherside Metaverse, designed for players to choose their own fun, in the sense that players must regulate their own exposures. This was done to the advantage of a few NFT owners. A variety of responses were received from the users. The product is still in its early stages. In their opinion, all portions of the APES COME HOME exposure were positive, and their children enjoyed it as well. Due to the imagery, the effect was surreal.
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🖼 Reddit NFT Avatars Surge Past $1.5M in Daily Trades on Polygon, Hitting New Highs
Reddit's venture into non-fungible tokens (NFTs) has marked a significant milestone, with trading volumes of its NFT avatar collection surpassing $1.5 million in the last 24 hours, according to recent data from Polygon and Dune Analytics. This surge accounts for over a third of the collection's total trading volume, which has escalated to $4.1 million since its inception. Concurrently, the platform witnessed a record-setting daily sales volume, with 3,780 digital collectibles exchanging hands, showcasing the growing interest and investment in digital art and collectibles.
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