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NFT & Crypto Updates

🖼 Coffeezilla calls out AI firm Rabbit over alleged NFT scam

YouTube investigator Stephen Findeisen, better known as “Coffeezilla,” has accused the artificial intelligence (AI) company Rabbit of orchestrating a nonfungible token (NFT) scam and attempting to conceal it. On May 21, Findeisen published a video on the Coffeezilla channel revealing Rabbit AI’s involvement in NFTs. The YouTube sleuth pointed out that the company was previously called Cyber Manufacture Co. and raised $6 million for an NFT project called Gama.

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🖼 Bored Ape Trader Who Bought 1% of the Supply in January Is Down Nearly $2 Million

Since January, the entry-level price for Bored Ape NFTs has nosedived even further, leaving the unlucky trader with millions of dollars in losses, as spotted by pseudonymous crypto trader and influencer Cirrus over the weekend. Over the course of a few weeks in mid-January, the trader used popular NFT marketplace Blur to buy up 111 of the cheapest Bored Apes available—a move commonly referred to as “sweeping the floor” of an NFT collection. In the following months, they bought 12 more.

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🔫 The metaverse is coming straight to your web browser

Over the past few years, the metaverse has been increasingly gaining prominence in the mainstream, with companies like The Sandbox becoming recognizable names even beyond the realm of Web3. However, after the initial hype died down, onboarding new users remains a challenge for developers in the space who want to keep making digital reality, well, a reality.

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🆘 Dolce & Gabbana Sued for Messing Up Delivery of Its NFTs: Bloomberg

Dolce & Gabbana USA has been sued for messing up the delivery of its non-fungible tokens (NFTs), Bloomberg reported. The customer spent $6,000 to purchase the asset. The report said Luke Brown lost $5,800 on the NFTs he bought and filed the case in the Southern District of New York on behalf of others who bought digital assets from the NFT project.

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🖼 NFT Battler ‘Cross the Ages’ Launches $CTA Amidst Latest Fundraise

Cross the Ages, a web3 NFT card battler backed by industry giants Ubisoft and Square Enix, has launched its $CTA token alongside news of a recent equity funding round, raising $3.5M led by Animoca Brands. Cross The Ages has already amassed a total of $23.5M in funding, comprising a $3M seed round and a $9M private round disclosed in 2022. In addition, the company secured $3M through a token pre-sale in the previous year, followed by an extra $5M from community contributions in February 2024.

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🖼 Mercedes-Benz NXT Partners with Mojito to Launch New NFT Collection

Mercedes-Benz NXT, the German automotive giant’s Web3 arm, is launching a new non-fungible token (NFT) collection in partnership with Mojito, a suite for creating NFT marketplaces. The collection is called ‘The Era of Technology’ and is the second of seven eras in the company’s ‘Icon’ series. Notably, the team said that due to regulatory and taxation requirements, only collectors from the EU, Australia, Brazil, Japan, Singapore, South Korea, Switzerland, the U.K., the US, and Taiwan will be able to participate.

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🔫 Religious leaders debate going to church in the metaverse

When the first radio and television broadcasts began to trickle into homes around the world, religious programming was among the early mainstays of both new mediums. Now, as the world pivots away from flat, 2D screens and frequency-bound audio broadcasts, religious practitioners from around the globe have begun adopting metaverse, Web3, spatial computing, and artificial intelligence technologies as conduits to faith.

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🇺🇸 Trump’s Pro-Crypto Bluster at NFT Gala Lacked Policy Substance

During his first stint in the White House Donald Trump was no fan of cryptocurrencies; he once tweeted they were "based on thin air." He later sold millions of dollars worth of NFTs. This week, he rebranded himself as crypto's candidate of choice. "If you’re in favor of crypto you’re gonna vote for Trump because they want to end it," he said at a Wednesday night party in Mar-a-Lago, referring to Democrats and President Joe Biden.

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🖼 OKX Marketplace Now Supports Zero-Fee zkLink Nova NFT Trading

OKX today announced that it has added support for zkLink Nova NFTs on its OKX Marketplace. With this addition, users can trade all zkLink Nova NFTs with zero fees on OKX's multi-chain Marketplace. OKX Wallet also recently added support for zkLink Nova. To date, OKX Wallet has incorporated support for over 90 mainnets. The addition of zkLink Nova support enables users to interact with and discover a wide range of zkLink dApps on OKX Wallet's Discover and Cryptopedia platforms - such as Aqua and NativeX.

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🖼 Earth From Another Sun Launches Citizenship Passport NFT Mint

Earth From Another Sun (EFAS), a galaxy exploration-based multiplayer online game, is set to launch its Citizenship Passport NFT mint on May 10. This event offers players the chance to obtain an NFT passport to unlock a variety of in-game features and benefits including exclusive airdrops, in-game bonuses, early access to Alpha and Beta testing, point multipliers and many more. The Citizenship Passport NFT mint will occur on Solana with a limited supply of 1,000 NFTs, each priced at 2 $SOL (about $283) each.

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🖼 CryptoPunks, BAYC lead NFT daily sales, put Ethereum on top

CryptoPunks topped the daily sales chart with US$1.7 million, up from US$130,640 from the day prior. Ethereum-based CryptoPunks was one of two non-fungible token (NFT) collections with more than US$1 million in sales on Tuesday, from just 14 transactions, according to CryptoSlam data. CryptoPunks’ all-time sales volume rose to US$2.82 billion, third in the all-time NFT sales.

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🖼 Ethereum Game 'Fantasy Top' Pays $1.25M to Twitter Influencers It Turned Into NFT Cards

Crypto Twitter’s new favorite game, Fantasy Top, just paid out $1.25 million worth of Ethereum to top influencers that it turned into NFT trading cards for the fantasy football-esque experience. After launching on Ethereum scaling network Blast a week ago, the game—which allows players to create card lineups of their favorite Twitter (aka X) influencers, and earn rewards based on those influencers’ respective social engagement—took crypto by storm.

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🇶🇦 Qatar steps into metaverse with ‘Msheireb World’ Roblox experience

Roblox users can now explore “Msheireb World”, a virtual world in the metaverse featuring authentic Qatari cultural activities. Announced at the TEFFA event held in M7 at Msheireb Downtown Doha, the experience has been launched under a new partnership between Msheireb and Metahug, the visionary gaming studio. This collaboration promises players an immersive journey into the depths of Qatari culture, blending education with interactive gaming in a move set to redefine virtual experiences.

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🖼 NFT Gaming Protocol Aavegotchi Aims to Increase Engagement With Upgrade

Aavegotchi is an “open-source, community-owned NFT gaming protocol,” as stated on its homepage, where users can interact with the Aavegotchi metaverse and stake their non-fungible tokens with Aave’s interest-generating aTokens. Aavegotchis, the on-chain collectible NFT ghosts, have three attributes – collateral stake, traits and wearables – that dictate their value and rarity.

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🖼 NFT Management Platform Launches New Features with NFTBank V2

NFT management platform NFTBank has launched NFTBank V2, a revamped version offering new features for managing portfolios, and now supports two blockchains—Ethereum and Ronin. Another key feature is its ability to detect various methods of NFT acquisition, including minting, bulk purchasing, and transactions on secondary markets which can be valuable for those involved in web3 gaming, where NFTs are used for in-game assets and collectibles.

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🖼 NFT Workx Launches App for the Tokenization of Real-World Assets

NFT Workx proudly announces the release of the newest version of its groundbreaking Asset Workx mobile app, revolutionising the management and tokenization of both digital and physical assets. With this innovative platform, users can seamlessly tokenize their real-world possessions, transforming them into unique digital assets on the blockchain.

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🖼 NFT Copyright Essentials Creators & Collectors Need to Know

It may come as an unpleasant surprise to many NFT holders, but just because you own an NFT doesn’t mean you automatically own the copyright to the artwork, collectible, or any other tokenized item you have acquired. Read on to learn about the importance of NFT copyright from the point of view of a creator and a collector. When you buy a non-fungible token (NFT), you are technically purchasing ownership in the token that represents the underlying item, be it physical art, music, or a photograph. You have the right to hold and sell the NFT.

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🖼 Welly Refresh NFT Collection With Beautiful Hand-Drawn Art

SHIB, a leading ecosystem of DeFi cryptocurrencies held by millions worldwide, have announced an art refresh for the Welly Friends NFT collection, a series of innovative NFTs supporting the popular Italian fast food restaurant & catering chain, Welly. Originally created in 2022 as a way to support their growing restaurant franchise, SHIB have completed redesigned their Welly Friends NFT collection from 3D renderings to beautiful, hand-drawn art, infused with rich details that builds new narratives for the Welly World universe.

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🔫 ZF’s Employer Branding Metaverse To Transform Talent Acquisition & Employee Engagement

ZF has announced the launch of its Employer Branding Metaverse, which is a cutting-edge virtual environment is designed to revolutionise talent acquisition and employer branding by combining innovative technology with interactive candidate engagement. The central feature of the Metaverse is a global space providing visitors with extensive information about ZF’s objectives and global reach.

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🖼 Oasys Expands Crypto Gaming Presence in Japan With SBI’s NFT Market

Gaming-focused blockchain network Oasys is aiming to grow the crypto gaming space in Japan via a new partnership with SBINFT Market, an NFT marketplace that’s run by a subsidiary of SBI Group, the Japanese financial giant based out of Tokyo. Oasys, a chain that’s garnered interest from traditional video game titans like Ubisoft, Bandai Namco, and Sega, is making a concerted effort to grow the burgeoning blockchain gaming market in Japan.

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🖼 Telefónica’s NFT Marketplace includes collections from Harvverse

Telefónica announces the addition of the first two collections from the Harvverse project to its NFT marketplace. These collections, called ‘Green’ and ‘Carbon’, are part of an innovative initiative that uses blockchain technology and NFTs to address social challenges in the coffee industry. Harvverse is a project that aims to use technology to revolutionise the coffee industry in Latin America within the metaverse.

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🖼 Telefónica’s NFT Marketplace includes collections from Harvverse

Telefónica incorporates the 'Green' and 'Carbon' collections, which allow investors to support specific renewable energy, sustainable agriculture and water conservation projects by promoting sustainable agricultural practices in the coffee industry. Another novelty is the collection of the film 'Calladita', 50 NFTs with exclusive making of content. Calladita, which opens in Spanish cinemas on 17 May, is the first European film to be financed with NFTs.

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🔫 Cage The Elephant Share 'Metaverse' From Upcoming Album 'Neon Pill'

Cage the Elephant recently released "Metaverse," the fourth single from their upcoming album, Neon Pill. "Every day spent far from my family/Double check checked out I'm half asleep/What the hell, oh well, that's life/What the hell, I keep running and running/Every day that dream comes back to me/Falling out further, far from my family/What the hell, oh well, that's life/What the hell, I keep running and running.".

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🔫 Trezi to transform UAE’s AEC landscape in the Metaverse era

Trezi, a pioneering software-as-a-service (SaaS) platform is transforming the Architectural, Engineering and Construction (AEC) sector in real time, has announced its strategic expansion in the United Arab Emirates (UAE) through a collaboration with iAccel Gulf Business Incubator, under the patronage of Dubai SME. UAE government’s proactive efforts such as the Dubai Metaverse Strategy, and represents a pivotal achievement in Trezi’s goal to reshape design collaboration and elevate stakeholder engagement in the burgeoning building industry of the region.

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🖼 Salvor NFT Lending Protocol Secures $1 Million Incentive Grant From Avalanche

Salvor
, new-gen protocol for meme coins and NFT peer-to-peer lending, is highlighted by Avalanche's community program. Within the framework of Avalanche Rush, an ongoing liquidity mining program for Avalanche DeFi and NFT apps, Salvor protocol has secured a massive incentive grant to scale its liquidity ecosystem and onboard a new cohort of customers.

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🖼 Donald Trump to spend day off from trial with NFT buyers: report

Former United States President Donald Trump is planning to spend his day off from trial having dinner with his supporters who bought his “Mugshot Edition” NFTs, U.S. news outlet Axios reported Wednesday. Trump reportedly flew home to Palm Beach, Florida, on Tuesday to meet his supporters for dinner at Mar-a-Lago the next evening. Those invited to the dinner individually purchased more than 47 NFTs, each priced at $99, Axios reported, citing a copy of the dinner invitation.

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🖼 NFT Artist Michelle Thompson Launches New Collection on Rarible

Michelle Thompson, a British illustrator and collage artist, is launching a new NFT collection on Rarible scheduled today and will be powered by Base, an Ethereum L2 blockchain network. Her previous NFT collections on Ethereum, including “Rodeo Remix,” “Lasso,” and “Bomb,” were well received within the NFT community with each collection featuring mix of analog and digital processes inspired by vintage magazines and advertising.

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🖼 Bondly’s ‘Mint-on-Demand’ platform urges NFT mass adoption says COO

NFT platform Bondly has released its new ‘Mint-on-Demand’ product to help NFT creators and communities on the Spring commerce platform. The move is, according to Bondly, the latest in its move to help carry the creator economy into Web 3.0. Rob Tran, Bondly’s COO told Coin Rivet the Mint-on-Demand platform was a step forward in driving mass adoption of NFTs for creators, influencers and micro-influencers specifically for their audience in a format that’s simple.

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🖼 NFT Market Sees Over 30% Decline in Weekly Sales

From April 27 to May 4, 2024, non-fungible token (NFT) sales amassed $164.4 million, reflecting a 30.16% decrease compared to the previous week. Leading the field in blockchain sales, Bitcoin-based NFT sales totaled $56.81 million, experiencing a 41.57% drop from the preceding week.

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🖼 NodeMonkes becomes all-time Bitcoin NFT leader, tops daily sales with US$1.62 million

NodeMonkes surged to the top of the non-fungible token (NFT) market on Thursday with over US$1.62 million in sales. The sales spike on Thursday pushed NodeMonkes’ all-time sales volume to US$210.72 million, as it flipped $SATS BRC-20 NFTs to become the top Bitcoin collection. NodeMonkes also snapped a six-day streak of under US$1 million in sales after recording US$934,294 the day before, CryptoSlam data shows.

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