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🤟 CryptoPunk NFT Sold For 200 ETH
CryptoPunks are a generative art collection, and one of the first ever applications of NFTs for digital art. There are only 10,000 Punks in existence, and some of them are thought to be lost forever. Cryptopunks are the ultimate rookie card for NFT collectors. CryptoPunks have earned huge influence in 2021, with dozens of Celebrities proudly showing off their punk ownership on Twitter. Cryptopunk sales are a leading indicator for the rest of the NFT market, and go to show that some are willing to spend serious coin on blockchain based art.
NFTs | OpenSea | News
🪙 Bored Ape Yacht Club on an Ongoing Lawsuit on NFT’s Copyright
NFT creators Ryder Ripps and his business partner Jeremy Cahen have filed a countersuit against Yuga Labs and recently requested the court to declare that Bored Ape Yacht Club images are not entitled to copyright protection. Yuga Labs claims that Ripp and Cahen were selling copycat NFTs to mislead consumers but the defendants insist that BAYC NFTs are unique and cannot be copied. In addition, they claim that Yuga Labs doesn’t have any copyright over the NFT images associated with BAYC based on its Terms and Conditions. The T&C states that BAYC NFT holders will retain all the property rights in their NFTs.
NFTs | OpenSea | News
💰 NFTs Volume On VeChain’s VeSea Surpasses 100M
VeChain has parallelly been expanding its footprint and real-life use cases over the past few months. Recently, the foundation announced that the world’s most valuable NFT with a real-world application was minted on the VeChainThor blockchain. Despite the odds, VeChain continued to grow in a positive direction in 2022. At the beginning of Q4, it announced expansion plans for its team in Europe. The VeChain Foundation revealed that the company was to hire 100 new developers to work in Europe, “pushing out new tools, technologies, developer libraries, and so on.”. Now, its leading NFT marketplace, VeSea, has scripted another record. The platform surpassed 100 million in total trading volumes recently. The number currently stands at 101 million VET. Parallelly, the number of NFTs minted on VeSea has crossed 134k and the marketplace boasts over 252.6k items at press time.
NFTs | OpenSea | News
⛵️ OpenSea Chief Seeks To Defend NFTs Amid Crypto Market Crisis
Devin Finzer, the chief executive of OpenSea, the largest non-fungible token marketplace in the world, has distanced itself from cryptocurrencies. Finzer stated recent failures in the cryptocurrency business. According to him, there are many reasons why NFTs still have a promising future in the current ecosystem. Additionally, he held the opinion that consumers would keep forking over real money to buy digital photos and display them in their homes and online virtual spaces. As online collectibles and digital artwork known as NFTs, which are based on the same blockchain technology as cryptocurrencies, became a hype-fueled market during the previous two years, the value of OpenSea skyrocketed.
NFTs | OpenSea | News
🖼 Kia’s First NFTs Have Paid For The Adoption Fees For 22,000 Animals In Shelters
Earlier this year, the US division of Kia released its first digital collectibles to raise money for a US nonprofit that works to relieve congested animal shelters, marking the latest instance of a for-profit firm using NFTs for charity.Now that the results are in. By auctioning off tens of thousands of robotic puppies-themed NFTs, the automaker raised $100,000 for the nonprofit The Petfinder Foundation. More than 22,000 animals in shelters have already had their adoption fees paid for thanks to that sum and a further $500,000 in currency from Kia, the business announced Tuesday.
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🖼 PUBG Works With Banger To Enhance NFT Integration Into Game In 2023
Through a brand-new platform dubbed Banger, the well-known battle royale game PUBG is introducing non-fungible tokens (NFTs). To integrate NFTs into their ecosystem, the companies cooperate. The earliest that the update will go live is in 2023.License to Kill is one of the Banger Alpha challenges where players try to score as many kills as possible. A player will perform better and receive more points for headshots the higher their level. In Kill Frenzy, players are tasked with running over as many people as they can. The top 10 results are shown. Players use sniper rifles to get kills as far away as possible to score the maximum points in the game Ghost Killer.
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🇨🇳 China Metavese Received 14.7% Total Global Investment With 4 Unicorn Projects
China Metavese received 14.7% (over $1.8 billion) of the industry’s total global investment. 125 projects have received investment capital. The 4 unicorns in the Metaverse industry include Animaoca Brands, Xiaoice, Soul and Mofa Technology. On December 28, according to the “Global Metaverse Investment and Financial Report 2022” released by Financial Associated Press Venture Capital and IT Juzi said that in 2022, a total of 704 fundings have occurred in the global metaverse industry, with a total of 86.867 billion yuan (about $12.5 billion).Among them, China (including Hong Kong, Macao and Taiwan) completed 125 projects, with a total funding of 12.782 billion yuan.
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📣 AquaCity Launches Metaverse Platform to Enable Users to Create Their Own Underwater World
AquaCity is jointly created by a group of senior programmers and designers who are passionate about Metaverse. From the growth of The Sandbox, this group of outstanding young people discovered some unresolved problems inside. AquaCity brings together elites from all over the world, some of whom even worked as programmers in the Coinbase company. In the first phase of the AquaCity Metaverse game, several different types of 2D games will be created, 3D games and play-to-earn games will be added in the second and third phases. Players who join this platform will enjoy the benefits brought by the growth of the project.
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🇳🇱 Netherlands Best Equipped To Adopt The Metaverse According To A Study
Uswitch, a research firm that specialises in internet and telephone services, conducted a study that examined various factors in order to determine which countries are most ready to adopt the metaverse. According to a study, the Netherlands is the best-equipped country to adopt the metaverse due to its favourable conditions. The Netherlands has the highest average fixed broadband speed of 106.51Mbps and a high per capita production of high-tech exports, at around $6,000 per person last year.According to a separate survey, the Netherlands also ranked as the country with the most consumer interest in the metaverse.
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📣 Alibaba's E-Commerce Platform Braces For Its Metaverse Debut
Alibaba Group Holding Limited's (NYSE: BABA) e-commerce platform Taobao conducted final tests before making its first metaverse live-streaming product debut. Taobao has frequently released products related to the metaverse since the start of 2022. Alibaba's metaverse project will likely launch online around the upcoming New Year's shopping extravaganza, Coingape reports. Taobao and Diantao, another of Alibaba's live-streaming e-commerce apps, collaborated to create TaoLive City during the Double 11 Shopping Festival last month. TaoLive City is a virtual environment jointly developed by Alibaba's live-streaming e-commerce apps.
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🏦 Kraken Opens NFT Marketplace Beta to the Public
Kraken, one of the world’s largest and most-trusted digital asset platforms, is excited to announce the public beta launch of Kraken NFT, the marketplace for collectors to explore, discover and securely trade NFTs. Kraken NFT makes the NFT space accessible and intuitive for all types of collectors, from professional flippers to those just starting their collection. It was built from the ground up to make it one of the most secure, easy-to-use and dynamic marketplaces available in the industry today. demonstrating Kraken’s commitment to accelerating the adoption of cryptocurrency.
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📣 Samsung Targets Latin American Market Through Metaverse Initiatives
According to Samsung’s recent announcement, the company is investing more than $35 million in metaverse initiatives targeted at the Latin American market. The move is part of the company’s ongoing effort to enhance its digital presence and interact. Samsung is always the first to provide a hand when it comes to funding research and development of new technologies. On the other hand, there are places where individuals can have experiences that would be impossible in the real world. Samsung has joined the ranks of many corporations adopting Metaverse, which includes Sony, Microsoft (NASDAQ: MSFT ), and others.
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🆘 Suspected North Korean hacker made $365,000 from 1,055 stolen NFTs: Report
A wallet address associated with a suspected North Korean APT Group stole more than 1,000 NFTs from victims of phishing attacks and made 300 ETH ($365,000) from their sale, according to a report by blockchain security firm SlowMist. The SlowMist report said that North Korean APT Groups have been leading a massive NFT phishing campaign. Phishing is an attack method used by hackers in which they pretend to be reputable organizations in order to trick victims into revealing sensitive information. In the NFT space, such attacks can be modified with hackers posing as known NFT projects or marketplaces to deceive victims into signing malicious transactions.
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🇮🇩 Wishnutama Tells the Dream of Indonesia Realize Metaverse
Founding Chairman of the Jagat Nusantara Wishnutama tell the plan of the Indonesian government to realize metaverse Capital of Nusantara (IKN). Founding Chairman Jagat Nusantara Wishnutama amed that the government's intention to carry out development in reality is not limited to just building a real physica. This was proven by the founder of NET TV through the launch of the Nusantara Capital metaverse (IKN) some time ago. Business had the opportunity to do an interview with him not long ago. Also read : Usai Data Center, Salim Group Eating Enter Metaverse Gandeng WIRG Wishnutama claimed that the idea of building a metaverse had emerged since 2021, but he did not want to indulge the idea in his head before the project surfaced.
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🖼 Nearly 60% of NFT Trading Volumes in 2022 Was Wash Trading
NFT marketplaces use token reward trading strategies to entice traders, boost volume, and appear to be the most successful platforms. A recent report published by blockchain analytics firm Dune revealed that nearly 60% of non-fungible token (NFT). According to Dune, wash trades started gaining traction in the crypto industry in 2019 but became pertinent to the NFT space in 2022. The analytics firm noted that NFT wash trading is boosted by enticing traders with token rewards due to the high competitiveness of the space and the frequent launch of new platforms. They aim to accumulate token rewards more valuable than the gas fees spent.
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💰 NFTpay Adds Support For Buying Polygon NFTs With Credit Card
The American fintech firm NFTpay has partnered with Ethereum scaling solution Polygon network to allow its users to seamlessly acquire non-fungible tokens using their credit and debit cards. In a December 29 press release, the Miami-based fintech firm confirmed its new integration with the Polygon network to enable users from different NFT projects to use their credit cards to purchase NFTs. NFTpay is a quick payment protocol renowned for working diligently to simplify a nine-step, time-consuming procedure in under one minute. The payment ecosystem can execute tens of thousands of trades concurrently. NFTpay ecosystem instantaneously conducts an ID check to facilitate lightning-fast sales. The payment protocol features high-security tools to ensure all customers are thoroughly and safely vetted.
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🆘 Australian company faces a lawsuit from Pokemon for NFT collection
A legal battle has erupted between Pokemon Company International and Pokemon Pty Ltd over trademark infringement by the Australian company for its NFT collection game, which is based on the original version. The Pokemon Company has argued that the Australian company cannot use the word Pokemon in its game and branding of the game as it could confuse customers. The company has sought damages and an injunction regarding the usage of the said word. The company has additionally sought the destruction of any material that is related to the NFT game. Kotiota Studios will very likely have to remove the advertising and promotional material for all the platforms. Pokeworld is a virtual game that is powered by the NFT mechanism, allowing players to trade creatures. The same is not the case with the original version. The Pokemon Company and Nintendo have never announced plans to back their game with non-fungible tokens.
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💰 7.3 Million XRP Is New Record in XRP NFT Sales Volume
XRPL NFT sales on the marketplace of one of the ecosystem's fastest-growing projects, onXRP, exceeded 7.3 million XRP, its founder Kaj Leroy said, citing Bithomp. This was achieved with a sales figure of 21,469. Next on the list after onXRP is xrp cafe, trailing the leader by 6.9 million XRP in sales and with nine times fewer digital art items sold.These figures have been achieved with the help of what one might call an exclusive collection presented onXRP. Xpunks shares common roots with the creators of onXRP and was inspired by the now legendary CryptoPunks NFT collection. As reported by U.Today earlier, one of the items in the collection, number 8811, was sold for 108,900 XRP, the equivalent of $40,000 at the time.
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📣 Nouns Ethereum NFTs Will Appear In The 2023 Rose Parade
The Nouns NFT concept has already been featured in an independent movie and a Super Bowl commercial. The Nouns DAO then approved and sponsored a proposal to see the pixel characters and their boxy spectacles (or Noggles) march in the Rose Parade the following week.Six costumed characters and a float with a Nouns theme will participate in the 134th Rose Parade in Pasadena, California, on January 2, 2023. The parade occurs before the Penn State-Utah college football game at the Rose Bowl.Stoopid The concept was offered to the Nouns community of NFT holders in April by Buddy Stoodios, the production firm for the TV shows “Robot Chicken” and “Marvel’s M.O.D.O.K.” The NFT enthusiast and co-founder of the studio proposed making the parade float and costumes and shooting the entire event for a documentary.
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🇨🇳 China Will Launch First National NFT Marketplace In 2023
China will launch its first state-backed non-fungible token (NFT) market. This is the latest sign of the adoption of a technology that occupies a legal gray area in the country’s notoriously strict regulations on cryptocurrencies. According to Chinese media, it is about to launch the first state-backed NFT trading market. This is an unexpected step forward for a country that “says no” to the current crypto. A celebration ceremony will be held in person in Beijing on January 1, 2023.According to the report, the platform is operated on the “China Cultural Protection Chain”. The marketplace called “China Digital Asset Trading Platform” will also support copyright and title trading along with collections.
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🤟 Yuga Labs lawsuit receives counterclaim from NFT artist
Yuga Labs, creators of the popular Bored Ape Yacht Club NFTs, received a counterclaim in an ongoing lawsuit against an artist and his business partner who allegedly forged “copycat” versions of their NFT collection. Yuga Labs filed the lawsuit in June, accusing artist Ryder Ripps and the founder of NFT marketplace Not Larva Labs, Jeremy Cahen, of copying their NFT collections and devaluing the original Bored Ape products. The pair have responded to the complaint, denying many of the allegations. NFTs is an entry on a decentralized digital ledger and entirely unique by design
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📣 Source Digital Introduces World's First Smart TV Metaverse Experience
Source Digital, Inc. and Sansar, Inc. announce what is believed to be the first-ever metaverse experience on smart TVs. The Sansar™ app activated by Source™ is available exclusively on TVs running webOS. The Sansar™ app is the world’s first practical, user-friendly application of metaverse capabilities on connected LG devices, delivering the immersive power of the Sansar metaverse to viewers anywhere, at any time and offering access to the “dual world” of 2D/3D events, customized to specific viewer interests.Now, we are honored to be part of creating this industry-first experience on over 120 million TVs worldwide.
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🇦🇷 Argentine Soccer Association AFA Partners With Upland to Enter the Metaverse
The Argentine Soccer Association, AFA, has partnered with Upland, a virtual world platform, to introduce its fans to the metaverse. Upland will allow Argentine fans to have a bigger connection with AFA history, presenting the opportunity to acquire digital representations of several properties of the league. The Argentine Soccer Association, AFA, the institution that manages the national soccer league, is now entering the metaverse. The organization has partnered with Upland, a real-life mapping metaverse project, to allow its users to enter the metaverse and experience the benefits of a closer connection with teams and celebrated players. Argentine Soccer League through the sale of multiple licensed digital assets.
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📣 Fidelity Investments Ventures Into Metaverse to Offer Web3 Services
Fidelity has indicated that it may provide a wide range of investing services within virtual worlds, including mutual funds, retirement funds, investment management, and financial planning. This appears to be one of the firm’s primary areas of interest. According to the documents, the metaverse-based payment services, such as electronic bill payments, fund transfers, and the “management of credit card accounts in the metaverse and other virtual worlds” will appear to be in the platform’s functions. Additionally, the financial platform is also planning to provide virtual currency wallet services.t may potentially develop an online marketplace for buyers and sellers of digital media.
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💰 Top Solana NFT projects DeGods & y00ts are headed to Ethereum and Polygon
DeGods and y00ts, two of the leading non-fungible token collections on Solana, have announced plans to bridge to Ethereum and Polygon early next year, the teams announced on Twitter. NFT projects on the Solana blockchain regarding floor price.The DeGods collection will migrate to Ethereum, aiming to compete with NFT blue chips like Bored Ape Yacht Club, CryptoPunks and others. Its floor price is 460.00 SOL ($5,221), which tops the entire NFT market on Solana. Meanwhile, y00ts — with a floor of 140 SOL ($1600) — is planned to move over to Polygon, a sidechain of Ethereum that allows for faster and cheaper transactions.We want to make sure that it's airtight,” the DeGods team noted.
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🔫 Dubai and Saudi Arabia's Metaverse ambitions do make for a sound business case
The Metaverse represents the next step in the evolution of the internet, with game-changing innovation that will impact multiple aspects of our lives. Still at an early stage in its development, there are competing definitions as to what exactly the Metaverse is, should be, or could be. As an investment theme, the Metaverse goes beyond social and gaming platforms with virtual reality (VR) headsets and personalized experiences enriched through augmented reality (AR). The investible universe encompasses a broad range of existing industries and sectors, with opportunities across the spectrum of market capitalization. And it’s happening at an increasing speed.
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📣 ReelStar launches on-the-spot NFT creation zone at Great Indian Sneaker Festival
ReelStar is the title sponsor for India’s biggest Sneaker & Streetwear festival, The Great Indian Sneaker Festival on December 24-25, 2022. The company will also be providing access to a Beta version of the ReelStar app, soon to be launched in Q1, 2023 ReelStar app. The ReelStar app democratises and levels the playing field for creators and artists. As promised, we are here in India at The Great Indian Sneaker Festival with on-the-spot NFT creation for creators/artists. This is just the beginning of what is going to open a whole new world of experience and opportunities for Indian creators and artists based anywhere in the country. The ReelStar app can also open a broad range of new opportunities.
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🔫 Metaverse Bots team of local students wins FLL competition
FIRST Lego League (FLL) team the Metaverse Bots has had a successful 2022 FLL season, starting with a strong showing at the qualifying tournament in Encinitas. In addition to core values, the team is also scored on categories such as their innovation project, core values, robot game and robot design. At the Encinitas qualifier, the team earned second place for the innovation project and third for the robot game. Their high scores sent them on to the regional competition in Poway on Dec. 11, where the team increased their core value score and got first place, qualifying them for the SoCal championships at UC Riverside on Dec. 17, where they placed fifth in robot design. The Metaverse Bots’ innovation was a heating and cooling jacket designed.
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🔫 Samsung Is Investing More Than $35 Million in Latam-Focused Metaverse Initiatives
Samsung, the Korean electronics behemoth, has revealed it is currently investing more than $35 million dollars in metaverse initiatives for the Latam audience. The objective behind this move is to help the brand attract and connect with younger audiences. Many companies have started to put their products and their brands in the metaverse, considering it an important part of their marketing strategy. Samsung, one of the biggest electronics companies in the world, has recently revealed it is investing more than $35 million in metaverse initiatives directed at Latam customers.
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🖼 The art of the drop: Trump NFTs may prove the utility of utility
Donald Trump’s recent NFT drop was ridiculed. Bigly. But the former U.S. president seems to have had the last laugh and may have provided the digital asset community a valuable lesson if they can get past the snark. Trump managed to sell out his collection in a matter of hours in a market where NFT trading volumes have declined more than 90% from earlier this year. And while speculation runs rampant on Twitter and in the media about the identity of those who own a large number of valuable Trump NFTs, with other Twitter users pointing to evidence that suggests the collection used copyrighted material.
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