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🏦 Coinbase NFT says it’s 'pausing drops for now'
Coinbase NFT announced it is pausing new drops after an artist took to Twitter to say an upcoming release would not be debuting on the marketplace. “My official drop, XX GEN, slated for this month with [Coinbase NFT], will no longer be released on their platform," artist Jessica Yatrofsky said on Twitter.
Coinbase NFT replied to Yatrofsky, saying, “To clear up confusion: We're pausing drops for now to focus on other areas within Coinbase NFT, but we're not shutting down the Coinbase NFT marketplace.”. Although its marketplace has not been significant in terms of volume, Coinbase, like many other crypto companies, has been struggling to navigate a more than year-long bear market recently riddled with fraud, bankruptcies and layoffs. Coinbase’s NFT marketplace became available to the general public in the middle of last year.
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⚡️ Doodles Releases Dooplication Guide To Support Users Self-Hosting Doodles 2 Assets
Jordan Castro, aka Poopie, the co-founder of the NFT project Doodles, announced that the Dooplication self-hosting guide had been released, aiming to provide users who want to fully self-host and self-control wearable NFT Support to help users deposit Doodles 2 assets.
Dooplication enables current owners to obtain unique Beta Passes and brand-new Doodles 2 Wearables. Users may exchange the Doodles 2 assets, and you can even use the Dooplicator on another person’s Doodle NFT. For the Doodles community. Doodles 2’s main objective is to encourage freedom of expression so that people may unleash their creativity. Making one-of-a-kind, personalized wearables and more surprise qualities for the community is one of the key approaches to achieving this.
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🖼 Fortnite player Mongraal claims top score on Bored Ape Yacht Club's viral NFT game Dookey Dash
Mongraal tweeted a screenshot of his high score, which could introduce the Fortnite community to NFTs and crypto gaming. Mongraal commands a huge gaming audience from his Fortnite career with over 2 million followers on Twitter and 4.6 million subscribers on YouTube.
Yuga Labs' latest Sewer Pass NFT drop is the reason why many are attempting to get high scores in Dookey Dash. The score is tied to the NFT, and the highest scores will receive some reward. Yuga Labs has not disclosed how valuable the reward will be, but this has not stopped market participants and gamers from playing. Some on crypto Twitter think this could direct attention to Yuga Labs, the creator of Bored Ape Yacht Club, and the crypto gaming sector in general.
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🇦🇪 DIFC Metaverse Platform launched to promote Dubai as global metaverse leader - News
Dubai International Financial Centre (DIFC) on Monday announced the launch of the ‘DIFC Metaverse Platform’, in line with the Dubai Higher Committee for Future Technology and Digital Economy’s aim to attract technology innovators from around the world.
The DIFC Metaverse Platform is aligned with the Dubai Metaverse Strategy, which aims to add $4 billion to Dubai's GDP, support 40,000 virtual jobs by 2030 and attract 1,000 companies specialised in blockchain and metaverse technologies. The platform also supports the objective of the recently launched Dubai Economic Agenda D33 to generate economic value worth Dh100 billion from digital transformation annually. The platform is part of a comprehensive strategy being developed by DIFC.
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🤟 Bored Ape Artist's NFT Mint Sells Out So Fast, Many Fans Left Mad, Empty-Handed
Shilly, the Bored Ape Yacht Club recording artist’s non-fungible token (NFT) collection Shilly: The Access Passes sold out on marketplace OpenSea in minutes Friday morning. However, it wasn’t supposed to go that way, leaving many fans empty-handed and angry at the collection.Discord and Twitter users shared their experiences of being unable to successfully mint, claiming it.
According to drop details from OpenSea, the collection of “general admission” and “backstage” access passes to co-create music with the artist was set to open its allowlist at 11 a.m. ET. In minutes it sold out, making its public mint at 12 p.m. ET unavailable. The 3,500-unit collection’s mint price opened at 0.05 ETH, or $80. At time of writing, the collection’s floor price has doubled to 0.1 ETH, or about $160. Others complained of glitches and high gas fees preventing them from successfully minting.
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📣 Meta and NBA Extend Collaboration to Stream Games in Metaverse
The National Basketball Association (NBA) has reached an agreement to stream certain games in the metaverse for free. The firm extended its existing collaboration with Meta on January 23 to continue broadcasting its games utilizing VR (virtual reality) technology.
Horizon Worlds, Meta’s main metaverse app, will host 52 games for fans of the league to watch and enjoy. Of these, five will be shown in a more immersive 180-degree monoscopic mode. Because of this, the user may feel as if they are sitting courtside. Moreover, with their perspective shifting as the game progresses. Additionally, NBA fans will be able to shop for officially licensed NBA gear at the Avatars Store on Meta. the Meta subsidiary in charge of AR/VR, lost a staggering $3.7 billion.
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⚡️ World Woman Foundation and Cavrnus, Inc. Launched Queendom Metaverse With 10-Year-Old Artist Aayati in Davos
World Woman Foundation collaborates with Cavrnus, Inc., and 10-year-old artist Aayati, the Co-Founder and Creator of Queendom Metaverse, to launch the first-ever metaverse to empower young girls between the ages of 10 to 18. The platform will provide access to coaching, capital, and community.
According to UN Women, there are currently 1.1 billion girls worldwide. But their dreams and potential are often destroyed by discrimination, violence, and lack of equal opportunities. Queendom Metaverse is designed to help young girls to break gender stereotypes in making career choices, expressing creativity, and building the confidence of girls to lead like themselves. The Queendom Metaverse is an inclusive place built to educate and empower one million girls worldwide.
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⛵️ NFT collector sues OpenSea for locking account after being scammed
The lawyer leading the legal team highlighted that this is not an isolated case and alleged that OpenSea ignores issues in some instances. A nonfungible token (NFT) collector is taking legal action against the OpenSea NFT marketplace for several allegations.
OpenSea user Robbie Acres told Cointelegraph that after his NFTs were stolen through a phishing scam, he immediately reported it to the NFT marketplace. Additionally, the NFT marketplace also responded by locking his account to prevent further damage. However, according to Acres, it was not the solution he requested. “OpenSea held my assets ransom for over three months despite repeated demands to unlock my assets,” he added.
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🖼 Mythical Games eyes $50 million raise, launches enhanced NFT-gaming marketplace
Blockchain-gaming unicorn Mythical Games’ plan for surviving a prolonged crypto winter? Go on the offensive. While on one front Mythical CEO John Linden has traveled to Dubai to meet with potential investors — his company is considering raising an additional $50 million.
Mythical Games was last valued at $1.25 billion after it raised $150 million from investors including Andreessen Horowitz. Deteriorating prices for digital assets and corruption, however, have been roiling the world of crypto, making gaming executives’ quest to add new users an increasingly steep hill to climb in recent months. After going live about six weeks ago, Mythical’s new marketplace has processed more than 2 million transactions, the company said.
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🔫 Metaverse Division Of Microsoft Completely Removed With Declining Faith
According to Windows Central, in Microsoft’s recent mass layoff plan, the team behind the virtual reality social platform AltspaceVR and the Mixed Reality Tool Kit will be completely fired. U.S. government, may be seriously questioned as a result of these layoffs.
Microsoft fired the entire team behind the virtual reality office project this past week despite purchasing AltspaceVR in 2017. AltSpaceVR will thus permanently close its doors in March, ultimately eliminating Microsoft’s metaverse efforts along with it. AltSpaceVR is said to be replaced by Microsoft Mesh, although it’s unclear how serious Microsoft is about the so-called “metaverse” despite CEO Satya Nadella‘s buzzword-heavy talks on the subject at recent events. MRTK was designed to operate with Meta’s headsets and integrate with Unity VR.
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🪙 Sandbox Will Release The NFT Collection “Chongqing Dungeon”
The Sandbox said on the 22nd of January that they would be releasing a scene experience known as “Chongqing Underground City.” This experience was inspired by the novel “The Wandering Earth,” which was written by Liu Cixin. NFT” will be available on The Sandbox Shop on January 23, 2022, at 23:00 Beijing time.
The Sandbox said on the 22nd of January that they would be releasing a scene experience known as “Chongqing Underground City.” The narrative of Liu Cixin’s novel The Wandering Earth served as the theme for the development of the Chongqing Underground City game experience. The storyline of the book focuses on mankind’s efforts to create planetary engines, with the ultimate objective of converting the earth into a huge spacecraft and escaping the solar system before the sun entirely goes out. In addition, the “Chongquing Wandering NFT” NFT series.
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📈 Trump NFTs Back From the Dead: Daily Sales Surge by 800%
Donald Trump’s NFT collection has condensed much of the wild volatility of the NFT space into its first five weeks of existence: it faced widespread ridicule but ultimately sold out, then saw prices and sales surge before quickly crashing. Now, sales are suddenly skyrocketing again.
Total daily sales volume for the official Trump Digital Trading Cards collection rose nearly 800% from Tuesday to Wednesday, jumping from about $34,000 worth on Tuesday to over $306,000 worth yesterday. That’s according to data from analytics platform CryptoSlam, which shows continuing momentum with some $241,000 worth of sales so far today. At one point this morning, the site showed a 1,900% rise in 24-hour trading volume compared to the previous reporting period.
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🤟 Yuga Labs launches Sewer Passes while Trump NFTs make an unexpected comeback
Yuga Labs, released their first big project of 2022 this week, a collection of NFTs called Sewer Passes. The NFTs, which were gifted to existing Bored Ape Yacht Club and Mutant Ape Yacht Club owners, and have yielded more than $27 million.
The NFTs give buyers access to a new game from Yuga called Dookey Dash, which is open until Feb. 8. A player’s score on Dookey Dash will apparently be incorporated later on in a hazy but potentially exciting narrative experience called “Chapter 1.” Although some were confused as to why people would pay money for a Yuga NFT to play Dookey Dash, others said the game was addictive. The price floor for the Sewer Passes on OpenSea was 2 Ether.
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📣 L’Oréal’s VC fund makes first metaverse investment with Digital Village
L’Oréal’s investment in Digital Village demonstrates a confidence and interest in opportunities for the beauty industry within the metaverse.As L’Oréal continues to explore and define what beauty means in Web3, we seek to work with the most promising startups who adhere to the highest possible visual and technical standards.
Digital Village, which describes itself as a metaverse-as-a-service platform, creates custom virtual 3D worlds for business partners. Because of the immersive spaces, there's potential for brands to build both their digital identities and boost in-person brand recognition, as well as potentially generate sales. The online spaces can connect to retailers' existing websites and social channels. Founded in 2021 by CEO Evelyn Mora, Digital Village’s resume includes collaborations.
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📣 Meta's chief product officer says the metaverse will one day be as 'important as the smartphone'
Meta's chief product officer Chris Cox said he believes the metaverse will one day become as essential as smartphones during a panel about the technology at the World Economic Forum in Davos, Switzerland on Wednesday.
Cox explained that the tech giant had spent the last eight years trying to build a virtual reality product line that is affordable, accessible, and impressive enough for users to incorporate into social experiences, fitness, gaming, medicine, drug development, and to design sneakers and cars. Cox said Meta believes that "one day that computing platform will be as important as the smartphone has become in our lifetimes.". metaverse at present is its current lack of interoperability with other platforms.
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🖼 Cool Cats Announces New NFT Functions And Web3 Experience
According to Metaverse Post, the NFT project Cool Cats will change its focus to developing a global entertainment brand after announcing its new brand identity. In the following chapter, Cool Cats will use its intellectual property to create a global entertainment brand.
Cool Cats, which plans to acquire 1 million new subscribers over the next five years, intends to appeal to mainstream customers by combining Web3 and Web2 products. Community-focused storytelling NFTs, tangible and virtual items, configurable collectables, games, and in-person events are among them. Cool Score which allows users to track, measure, and receive prizes for their interactions with the Cool Cats community.
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🖼 First NFT ETF set to wind down after failing to take hold
The first-ever ETF focused on NFTs is set to wind down at the end of the month, as a prolonged downturn in crypto continues to bite. The fund, which was launched at the end of 2021 by Defiance Digital, will liquidate its portfolio assets mid-February, according to a company press release.
The move comes despite a glimmer of hope in the market. NFT sales saw a slight uptick in December, rising 13% to break an eight-month streak of declines, according to The Block's data dashboard. The rise was attributed to tax loss harvesting and notable companies in the space bringing out new products. Meanwhile, digital asset-focused trading funds comprised the top 14 equity exchange traded funds (ETFs) in 2023 (excluding leveraged funds), according to reports.
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🖼 NFT marketplace Sudoswap's airdrop is now live
Sudoswap, an NFT marketplace that allows for the instant buying and selling of NFTs, has airdropped and launched its sudo token. Eligible users are able to claim their airdropped tokens, while holders of xmon tokens – created along with the oxmon NFT collection by the founders of Sudoswap.
Users who were early liquidity providers on Sudoswap and 0xmon NFT holders are also eligible for the drop. Sudoswap is taking a new approach compared to other NFT marketplaces like Opensea, aiming to address the inability of other marketplaces to instantly sell NFTs like a traditional, fungible token. Sudoswap's technology is an Automated Market Maker (AMM) based model, similar to traditional decentralized exchanges, but for NFTs. according to The Block Research Director Steven Zheng.
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⚡️ Van Heusen, Paytm Insider partner for musical concert on PartyNite Metaverse
Van Heusen, the lifestyle brand from Aditya Birla Fashion and Retail (ABFRL), has kickstarted its metaverse journey with a virtual musical concert in association with local pop band ‘When Chai Met Toast’. The clothing franchise has partnered with PartyNite Metaverse.
Fashion in the metaverse is poised to emulate what we already see in day-to-day life; it’s engaging to dress-up avatars and use fashion as a form of self-expression and personal status. This musical concert is just the perfect amalgamation of Fashion, Music and cutting-edge technology that we would like to share with our discerning consumers.” said Abhay Bahugune, chief operating officer-Van Heusen, Aditya Birla Fashion and Retail Ltd.
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⛵️ NFT Collector Sues OpenSea NFT In Court After Falling Victim To Phishing Scam
Robbie Acres, an NFT collector, filed a lawsuit against OpenSea NFT Marketplace for having his account locked after a scam. The collector lost his collections to a phishing scam, and he is angry with the NFT marketplace for not reacting to his complaint.
The collector’s top attorney, though, asserted that Acres’ case wasn’t the only one. The attorney claims that a number of other OpenSea users had similar troubles and that the platform ignores some problems. Robbie Acres claimed that once his NFTs were stolen in a phishing scam, he immediately reported the incident to OpenSea. However, it took 48 hours for the market to react, during which time the thief sold his belongings for less money.
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🆘 Azuki says Twitter account compromised after posts promote virtual land scam
The blue-chip NFT project Azuki said Friday that its Twitter account had been compromised, with apparent hackers posting two tweets that prompted users to claim virtual land. One tweet was pinned to the top of Azuki's timeline for maximum visibility.
Azuki officials alerted followers of the scam and instructed people not to click any links. Azuki's Head of Community & Product Manager, who goes by Dem, confirmed that the Twitter account was compromised on their personal account. The incident comes just two days after Robinhood, a crypto-friendly investment app, saw its Twitter account compromised. Twitter did not immediately respond to requests for comment from The Block. The Block identified two wallets that appear to be associated with the scam posts.
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📣 Korean Wave sweeps digital realm with KOCCA's Metaverse Fashion Festival
A handful of Asian countries are already set on establishing themselves as frontrunners of the virtual realm, in keeping with the interests of their digitally-advanced consumers that have swiftly taken to various progressive online shopping methods, like livestreaming and virtual stores, in comparison to those of other countries.
This rings particularly true for South Korea. Last year, the region’s Ministry of Science and ICT said it would invest nearly 200 million dollars on creating a complex metaverse ecosystem. On top of that, the Seoul Metropolitan Government also expressed a desire to build up ‘Metaverse Seoul’ in 2023, in a further bid to dominate the virtual market. Next to other industries, fashion’s place in this movement is naturally a prominent one, taking centre stage in Korean virtual worlds like Zepeto, which has already partnered with a number of global brands.
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🖼 Conflux token soars following NFT partnership with Chinese version of Instagram
Conflux token will integrate with Little Red Book, the Chinese version of Instagram, to let users display their NFTs on the platform. The Conflux Network's official Twitter page tweeted the news today. The conflux token was trading at $0.042 by 7:37 a.m. EST, up about 38% over the past 24 hours.
Little Red Book has around 200 million monthly active users, according to Conflux Network and Qiangua's 2022 XiaoHongshu Active User Portrait Trend Report. Conflux is becoming the "major bridge" for connecting "prominent internet industry players" in China, who have initiated efforts to embrace web3, said Ming Wu, CTO of Conflux. Last year, Instagram announced it would host a marketplace for NFTs, starting with support for Polygon. MATIC surged around 13% following the announcement.
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🪙 Decentraland goes to the dogs as Pedigree brings canine adoption to the metaverse
Pet food company Pedigree unveiled the Fosterverse, a new program that allows real-life rescue dogs to be virtually fostered in Decentraland. Property owners in the virtual world, of which there are less than 8,000, will be able upload 3D avatars based on real dogs that are up for adoption.
Landowners will then be able to place the dogs on their lots in Decentraland and should you come across one, you can chat with and adopt the real rescue dog the avatar represents or donate real-life money to the Pedigree Foundation to help similar dogs in need, though not necessarily the virtual dog you interacted with. The announcement is the latest attempt by corporations and other groups to boost their marketing with metaverse integrations.
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🖼 Porsche NFT Collection Is Below The Floor Price
Porsche, a well-known German automaker, has debuted on Web3 with the introduction of its first Non-Fungible Token [NFT] collection. The collection included 7500 NFTs, each of which was priced at $1490 and featured the well-known Porsche 911 sports car.
These NFTs were minted in the allow list mint over the course of four waves. The public mint that followed allowed customers to create up to three 911 NFTs. The first of the three phases of the rollout is now in progress. Phase 2 has not been discussed much by Porsche, however Phase 3 appears to be focused on rarity. Users can modify their 911 NFT to become one of the more than 150,000 versions listed on the official website. However, the sales of the NFTs appeared to slow down shortly after the mint.
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⛵️ OpenSea’s Seaport Function Makes Stolen NFT Still Sellable
Recently, holders discovered that stolen NFTs are still being sold by rampant hackers on Opensea’s Seaport marketplace. NFTs can still be traded on the marketplace. Some users are starting to get bored with the platform.as stolen NFTs can still be traded on the marketplace. Some users are starting to get bored with the platform.
Franklin, the sixth largest holder of BAYC, tweeted that twice in a week, someone used the “Match Advanced Order” function to sell to him the stolen goods marked as suspicious activity review (yellow mark, this is a warning of steal BAYC NFT). OpenSea mark through the Match Advanced Orders function of the OpenSea Seaport protocol. This bypasses OpenSea’s security policy (blocking cannot be sold), but there needs to be a buyer to bid here.
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⚡️ NFT Collection NimTeens Explores Just How Fast the NFT Space Moves
NimTeens, a new non-fungible token (NFT) collection by generative artist Bryan Brinkman, looks like a tribute to adolescence. A followup to his January 2021 project NimBuds, the new 400-edition project shows his signature cloud characters.
"The common joke in the Web3 space is time moves at a rapid speed and often a week can feel like a month,” said Brinkman. But the collection represents more than that, Brinkman told CoinDesk, and offers a larger commentary on how fast the NFT ecosystem that has grown – sometimes clumsily – over the past two years. “Just like in real life, some kids have bigger spurts than others, some have acne and pimples, but each is unique and grows in an endearing way,” he explained.
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⚡️ Open Metaverse Foundation established to build standards and open-source software
Nonprofit Linux Foundation has created a new organization to provide a space for different industries to collaborate on developing open-source software and standards for an inclusive, global, vendor-neutral and scalable Metaverse.
The Open Metaverse Foundation (OMF) already counts several members, including ChainHub Foundation, Cloud Native Computing Foundation, GenXP, Hyperledger Foundation, LF Edge, LF Networking, OpenSDV, Open Voice Network and Veriken. From an organizational standpoint, the OMF comprises Foundational Interest Groups (FIGs), each focusing on a different key topic. is delighted to link arms with the Open Metaverse Foundation.”
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🇰🇷 Seoul metropolitan unveils metaverse project to South Korea residents
The Seoul Metropolitan Government has unveiled its metaverse project for residents to explore after months in the making. The city’s Mayor, Oh Se-hoon, announced the launch in a press briefing on January 16, saying that the virtual world will serve as a “place of communication for citizens.”
The virtual world dubbed “Metaverse Seoul” follows a successful beta test that ran for the greater part of 2022. Metaverse Seoul will offer the city’s residents the chance to learn about South Korea’s capital, visit tourist attractions, and have access to official city documents, the mayor said. Other features of the state-run virtual world include a library for books, a fintech lab, a corporate support center, and a Youth Mentoring Avatar virtual counseling room.
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💰 Rarible rolls out new Polygon marketplace builder amid chain's NFT boom
Rarible's customized NFT marketplaces are coming to Polygon. Similar to services it already provides for ERC-721 and ERC-1155 NFTs, the move comes amid growing interest in the Ethereum sidechain for both NFT and gaming projects following the success of Reddit’s Collectible Avatars.
The social media company’s project on the chain launched in July. Over six million wallets hold one or more of their avatars, according to analytics platform Dune. Alongside Polygon’s high-profile collaborations with large corporations such as Starbucks, Meta and Nike, these projects have been credited with driving NFT adoption among more mainstream audiences. Other brands have also taken note and either extended onto the sidechain or migrated entirely.
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