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Crypto trends DeFi NFT & More Owner : @Azukicollector
📣 Mark Zuckerberg's Metaverse losses pass $40 billion.
Wall Street is starting to come to terms with the massive amount of money Mark Zuckerberg keeps pouring into the metaverse. With second-quarter results out, collective losses from Reality Labs, the metaverse unit at Meta, has now surpassed $40 billion and more financial pain is on the way. Yet, investors sent Meta's stock up 7% on Wednesday, after hearing Zuckerberg's explanation of why he continues to spend so heavily in a still largely unproven area. "This is a very long-term bet," Zuckerberg said on a call with analysts. "I can't guarantee you that I'm gonna be right about this bet. I do think that this is the direction that the world is going in." Zuckerberg went on to explain the various consumer tech trends he's noticed, leading him to believe that a more immersive version of the internet will become the norm in the years ahead. This time, analysts hassled Zuckerberg much less on metaverse spending than they have in previous quarters. The difference: Last year, Meta reported slowing or negative revenue growth. Now, much of the focus during the call was on Meta's AI projects and the surprising growth and success of Threads. Revenue increased in the second quarter, and is expected to increase again in the next. Meta has done huge layoffs and cut expenses in other ways.
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🖼 CyberKongz to Mint Genkai NFTs on Ronin, Migrate Game to 'Axie' Chain
CyberKongz has grown into a significant NFT franchise, with $210 million in total volume traded across just the largest of its four collections. Now, the creators plan to migrate the CyberKongz NFT minting game, called Play and Kollect, from one Ethereum sidechain to another—from Polygon to Ronin, the network created by Axie Infinity developer Sky Mavis. The Kongz team is also launching Genkai, a new anime-inspired NFT collection, across both Ronin and the Ethereum mainnet this week—with plans for a second game on the horizon. “Genkai is the first non-pixel artwork I have created for CyberKongz, and will represent our growth as a project to expand our IP into the Southeast Asian and Japanese markets,” said pseudonymous CyberKongz founder and artist Myoo in a statement. “Additionally, CyberKongz will be working with Ronin to develop a game featuring Genkai.” Because Ronin is currently a private (or permissioned) blockchain, the Genkai mint is the first non-Axie Infinity NFT drop to occur via the blockchain. The move comes just months after Sky Mavis announced that it is working with four game studios, including the makers of The Machines Arena, to build out Ronin’s gaming ecosystem.
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Cloaked in mystery, Kevin Rose’s Proof releases latest season of Grails NFTs — link
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Japanese Web3 developer HashPort Group raises $8.5M in funding round — link
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RWAs and, specifically, U.S. Treasuries will likely continue to play a significant role in MakerDAO’s balance sheet for the foreseeable future. MakerDAO had recently purchased $700M worth of treasury bonds in June, bringing their total treasury holdings to $1.2B — link
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MakerDAO looks to ignite growth for $4.6B DAI stablecoin with up to 8% reward — link
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Palm Network to rollout Polygon-based Supernets chain next week — link
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a16z-backed Eco unveils Beam wallet to offer payments on Optimism, Base — link
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Animoca Brands invests $30 million in crypto payments application Hi — link
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Immunefi, Polygon Labs, Solana Foundation launch web3 ‘Rekt Test’ — link
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EthStorage reaches $100 million valuation in seed token round — link
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Paradigm moves $3.5M in MakerDAO's MKR tokens following peer a16z's maneuver — link
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🖼 SQUISHMALLOWS AND VEEFRIENDS ARE BRINGING NFTS TO PLUSH
Squishmallows is making its way to Web3 thanks to a partnership with VeeFriends. Fans of digital collections will know that pop culture companies everywhere have been hopping on the NFT train, from Warner Bros. and Eluvio teaming up for a Superman collection to Funko releasing a series of House of Dragon Digital Pops. Jazwares is now joining in, partnering up with VeeFriends for four new Squishmallows, all based on NFT characters. Characters included in the new VeeFriends collection are Adventurous Astronaut, Humble Hedgehog, Intuitive Iguana, and Karma Kiwi. The characters originally appeared as NFTs designed by artist Gary Vaynerchuk. Each VeeFriends character will be featured as a 12-inch tall Squishmallows plush, retailing for $24.99. The Squishmallows brand is no stranger to licensing, with previous partnerships including Disney, Harry Potter, and Godzilla. The new VeeFriends Squishmallows are launching Aug. 7 exclusively at the Jazwares and VeeFriends online stores. Mark your calendars and get ready to collect a digital friend physically!
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BNB Chain’s daily average active addresses reached ~1.4 million and increased by 25.6% QoQ. Average new unique addresses increased 91.1% QoQ and reached all-time highs after a spike in activity in late April — link
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Generative art platform Highlight launches on Ethereum — link
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The US Department of Justice has dropped the campaign finance charge against Sam Bankman-Fried. The charges of illegal campaign finance activity were dropped as part of an extradition treaty between the United States and the Bahamas.
However, other charges DO remain. SBF is still facing seven charges relating to fraud.
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The majority of DEX activity occurs during U.S. hours (orange), suggesting that this is an important region for DeFi — link
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A New Sleepdrop Scam Uses NFT Airdrops To Steal Your Funds
The team at Forta Network has sounded the alarm about a new version of the Sleepdrop scam. This version of the scam uses NFTs and a verified contract to mislead users into thinking they’re interacting with a legitimate airdrop.The Forta community discovered the scam when a new NFT from Lido was transferred into one of Forta’s multisig wallets.
The scam involves several steps. First, the scammer creates an ERC-1155 (NFT collection) that impersonates a legitimate team. Next, the scammer transfers most of these counterfeit assets to a legitimate contract that previously conducted an airdrop. Then, the scammer triggers the airdrop function of the contract to distribute the NFTs to multiple addresses.The main difference between a traditional sleepdrop and this scam is that the scam offers an NFT as a fake reward.
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Proposal to burn large part of Kin supply closes with full support — link
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🖼 CyberKongz to Mint Genkai NFTs on Ronin, Migrate Game to 'Axie' Chain
CyberKongz has grown into a significant NFT franchise, with $210 million in total volume traded across just the largest of its four collections. Now, the creators plan to migrate the CyberKongz NFT minting game, called Play and Kollect, from one Ethereum sidechain to another—from Polygon to Ronin, the network created by Axie Infinity developer Sky Mavis. The Kongz team is also launching Genkai, a new anime-inspired NFT collection, across both Ronin and the Ethereum mainnet this week—with plans for a second game on the horizon. “Genkai is the first non-pixel artwork I have created for CyberKongz, and will represent our growth as a project to expand our IP into the Southeast Asian and Japanese markets,” said pseudonymous CyberKongz founder and artist Myoo in a statement. “Additionally, CyberKongz will be working with Ronin to develop a game featuring Genkai.” Because Ronin is currently a private (or permissioned) blockchain, the Genkai mint is the first non-Axie Infinity NFT drop to occur via the blockchain. The move comes just months after Sky Mavis announced that it is working with four game studios, including the makers of The Machines Arena, to build out Ronin’s gaming ecosystem.
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Suku may beat Musk to crypto Twitter payment adoption — link
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Stellar, Ripple and Solana-based investment funds see AUM spike in July — link
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PancakeSwap expands to zkSync Era network — link
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NFT Project Market Caps Over Time
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Optimism has surpassed Arbitrum in daily transactions for the first time in 6 months, primarily due to reduced gas fees and the deployment of Worldcoin — link
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Arthur Hayes’ Maelstrom backs Aethir in funding round at $150 million valuation — link
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Generative art platform Highlight launches on Ethereum — link
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'Legends at War' mobile game launching on Avalanche subnet — link
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Italian Central Bank-backed Hub taps Polygon, others to bring TradFi deeper into DeFi — link
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Reddit prepares to drop Gen 4 collectible avatars on Polygon — link
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