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Crypto trends DeFi NFT & More Owner : @Azukicollector
The number of core developers building on L2s continues to rise — link
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Chibi Finance vanishes with $1 million on Arbitrum network in apparent 'rug pull' — link
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Avalanche-backed Web3 gaming studio Pixion Games closes $5.5M seed round — link
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The overall trading volumes on decentralized exchanges (DEX) are showing a slight decline across major blockchains.
Ethereum for example, has seen daily DEX volumes decrease 35% over the course of the last month — link
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ZkSync developer releases toolkit for building Ethereum rollups — link
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🖼 NFL Rivals Scores 1M Downloads for NFT-Based Mobile Game
NFL Rivals, a free-to-play game from Mythical Games, has managed to score over a million downloads despite debuting amidst a harsh crypto environment and in the off-season of the NFL itself. Debuting on April 26 in the Google Play and Apple Stores, the game was met with early enthusiasm, rising to the top spot in the App Store, which Mythical Games CEO John Linden captured on Twitter at the time. “We're sitting at a 4.8 out of five on [the App Store] with nearly 22,000 reviews, which is great.”. Other stats shared with CoinDesk by Mythical Games noted that NFL Rivals has seen nearly 15 million matches played and that on average, players have six gaming sessions per day, showing the stickiness of the experience. The fact that the player cards are NFTs is “behind the scenes” for most players, Linden noted, who are able to play the game without purchasing any NFTs. “Every player gets a wallet in the game, and then most of them probably don't know it's a wallet until they want to start interacting with the marketplace to buy, sell or trade.” The NFTs in the game are player cards used to build out teams and compete in the game. Each player card has different rarity levels from common to legendary and are assigned different strengths and weaknesses.
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Crypto trends DeFi NFT & More
@Crypto_Nfts_Metaverse
Owner : @Azukicollector
Bitcoin has broken $30,000 for the second time this year amid bullish sentiment in the market following a number of traditional finance players pushing further into crypto.
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Arbitrum’s TVL has been consistently higher post airdrop, reaching its peak in mid-April at $4.32 billion so far — link
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🖼 NFT Platform iBox Fined 400,000 RMB for Violating China's Anti-Unfair Competition Law
Hainan Chain Box Technology Co., Ltd, a company associated with the popular Chinese NFT (digital collectible) platform iBox.art, has recently faced a penalty of 400,000 RMB for violating China's Anti-Unfair Competition Law. The law aims to ensure fairness in business promotions, stating that the maximum value of a top prize in a lottery-style sales event should not exceed 50,000 RMB. During two promotional campaigns, Hainan Chain Box Technology Co., Ltd disregarded this regulation by offering extravagant prizes. The company's actions have come under scrutiny following user complaints about iBox.art abruptly shut down the digital collectible resale market without obtaining user consent. This move effectively blocked transactions involving collectible items. China has been closely monitoring NFTs and digital collectibles due to the potential risks involved. The Supreme People's Procuratorate of China, the country's leading legal agency, recently issued warnings about the dangers of NFTs, emphasizing the need for new legislation to govern this emerging asset class. The agency highlighted that NFTs share characteristics with virtual properties and urged caution in their trading.
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BREATHE! Convention Charts New Territory with World's Largest Communal NFT
BREATHE! Convention, a leading event in the emerging tech space, proudly announces a groundbreaking endeavor to set a new Guinness World Record with the creation of the World’s Largest Communal NFT, during its upcoming convention in Las Vegas from September 13 to 15, 2023. At the heart of this year's convention is a monumental collaborative art project spearheaded by tech industry veteran and creative thinker, Aaron Vick.
Notable events recently on the Tezos Blockchain include the artist Refik Anadol's 3D installation displayed at the MOMA in NYC, which provided viewers a commemorative NFT. BREATHE! Convention continues to build itself as the premier platform for innovators, artists, and leaders in the emerging tech space. This year's convention is committed to showcasing an exciting, historic event that will inspire, educate, and empower attendees.
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Overall volumes across Cosmos chains have been declining, with May marking the lowest-volume month of the year so far.
DEX volume on Osmosis and Canto in June has totaled $101M and $84M respectively, signalling a preference for these chains amongst traders — link
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🖼 OVAL3 Fantasy NFT Rugby Collection launches on Binance NFT Marketplace
As the Rugby World Cup approaches in September, OVAL3, which holds the official licenses for LNR and MLR, is launching its NFT collection on Binance's NFT marketplace. After the NFT frenzy in the fields of football and basketball, OVAL3 has come to fulfill the rugby fans' desires by quickly becoming the global leader in digital entertainment for this sport. OVAL3 is the web3 fantasy game dedicated to rugby and is now on the verge of launching a portion of its unique NFT collection. OVAL3 aims to bring all professional rugby clubs to the heart of Web 3.0. They want to offer supporters and players an immersive fantasy league game that combines this magical sport with NFTs. To achieve this, the company has already signed several exclusive partnerships with the french Ligue Nationale de Rugby (LNR) and the american Major League Rugby (MLR). With the official license from the Ligue Nationale de Rugby for a duration of 9 years, which covers the prestigious TOP14 and its second division PROD2, OVAL3 has associated more than 1500 players and 30 professional clubs with the project. The platform quickly gained global prominence through its partnership with the rapidly growing Major League Rugby (MLR).
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Offchain Labs unveils tool to build Layer 3 'Orbit' chains on Arbitrum — link
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Animoca Brands' Anichess secures $1.5M for decentralized chess game — link
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Web3 gaming firm Mythical Games raises $37 million in Series C1 funding — link
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Mercedes-Benz is working on a new function that allows drivers to display NFTs by connecting their wallet .
The feature would be displayed through an in-car app for digital art. Drivers simply connect their crypto wallet, then interact with the touch screen to browse and select NFTs.
Mercedes is still experimenting, but the feature will be tested in the new Mercedes-Benz E-Class.
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🖼 Home Improvement Giant Lowe's Is Selling an Mfers Meme NFT Garden Flag
Home improvement giant Lowe's this week released a physical garden flag featuring characters from mfers, a popular non-fungible token (NFT) project that exists in the public domain under a Creative Commons classification known as a CC0 license. Under this designation, anyone can use mfers NFT characters to create any type of commercial good, which is exactly what Stephen Thompson and his brother-in-law Matthew Varnell did. "This is the PFP [profile picture] project if you ever wanted to do anything fun," Thompson, a lawyer by trade, told CoinDesk. The two men recently started a company called Total Marketing Web3, or TM3 for short, as an umbrella company to oversee different projects that will combine NFT lore and real-world commercial products. Their first product called the "Evergreen Siezenals" garden flag is 1 foot wide by 1.5 feet high and features the phrase "cc0 summer 2023" above an image of two NFT characters sipping tropical drinks on the beach. The flag, referred to as "seizen #1/edition #1" in the website description, retails for $39.98. According to Thompson and Varnell's website, there will only be 1,000 available, with each flag linked to a replica NFT redeemable online.
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Azuki expands with new 20K Ethereum NFT collection, Elementals — link
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Here's a quick overview of the biggest NFT sales from the last 30 days.
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In an unprecedented move, Yuga Labs and Zak Group are collaborating to publish an official book on CryptoPunks.
This collaboration is intended to bring the untold stories of the CryptoPunks collection to light, going beyond the web3 community to resonate with a wider audience.
The project aims to detail each Punk meticulously, featuring insights from influential figures in web3, digital art, design, and technology.
Breaking away from traditional publishing methods, the CryptoPunks catalog will be a community-driven venture. The development of the catalog will rely heavily on direct input from holders.
Pre-sales will begin in the fall of 2023, and the finished book is expected to release this winter.
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🖼 Foundation claims to fix 'self-destruct' feature that could have wiped out its NFTs
NFT platform Foundation claims to have fixed issues concerning a self-destruct function that theoretically could have been used to wipe out all NFTs minted through its platform. "This has been fixed for contracts deployed before 3/6," said Foundation co-founder and CTO Elpizo Choi on Twitter. "Contracts deployed after 3/6 were already safe - the owner of the implementation contract was set to 0, and the contract could not have been self destructed." All NFT collections on Foundation are minted using a single deployer contract and employ a "forwarder proxy," a design feature intended to reduce transaction fees during contract deployments. This itself isn’t concerning — it’s the fact the contract contained a “self-destruct” function that posed a severe threat to all collections minted on the platform. This feature was originally meant to allow creators to destroy (or burn) their own collections if needed but it posed a risk to any NFT created with it. The concern was that, should a hacker gain control of these two keys, they could hold all the NFTs for ransom or destroy them entirely.
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Hermes wins permanent ban on 'MetaBirkin' NFT sales in US lawsuit — link
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Optimism changes name to OP Mainnet in line with 'superchain' vision — link
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Proposal urges Mantle to allocate $72 million to Lido Finance — link
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Tron founder Justin Sun unstakes $30M of Ether from Lido, sends tokens to Huobi — link
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Jack Dorsey and Spiral's Bitcoin Lightning Development Kit announces the LDK Node — link
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Wintermute backs DEX Vertex Protocol in strategic investment — link
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Solana NFT activity doubles in May — link
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Basic terms and terminologies in NFT|Metaverse
10k project
A 10k project is an NFT collection consisting of approximately 10,000 avatars. This type of NFT was arguably pioneered by the CryptoPunks collection in 2017 with many new ones following since then.
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