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NFT & Crypto Updates

🔫 Readyverse Studios Unveils Cutting-Edge Metaverse Experience

Readyverse Studios offered attendees an exclusive preview of its long-anticipated metaverse, a next-generation digital experience. Readyverse is an innovative and immersive launcher designed for discovering metaverse games and experiences, seamlessly integrating Web3 and Artificial Intelligence-Generated Content (AIGC) technologies. This platform enables users, developers, and brands to create interconnected experiences, drawing inspiration from the world depicted in Ernest Cline’s novel, “Ready Player One.” .

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🖼 NFT sales volume tumbles 54% in May: CryptoSlam

Blockchain-based digital collectibles experienced a slowdown in May despite showing an uptick in April 2024, according to data tracker CryptoSlam. On May 31, the nonfungible token (NFT) data platform showed that in the last 30 days, NFTs had a global sales volume of $624 million. This represents a 54% drop in overall NFT sales volume compared to April, when NFTs had a volume of over $1 billion.

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🔫 Visionary Tech Exec Reveals the Tools Needed Today to Build Tomorrow’s Metaverse

As transformative as the arrivals of the internet and smartphone have been for humanity, they were mere warmups for what is coming next—The Metaverse, says Xsolla founder Shurick Agapitov. This virtual, immersive experience will revolutionize how people live, work, connect and see the world. Agapitov envisions a future where every consumer-facing industry, from fashion to healthcare to entertainment, is transformed.

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🖼 Fireflies Set to Launch 12-Month Streak NFT Reward Program

Fireflies, a leader in digital collectibles, is set to unveil its 12-Month Streak NFT Reward Program in Q3 2024. This innovative program is designed to honor the loyalty and engagement of Fireflies community members, offering exclusive NFTs and unique rewards to participants who maintain consistent interaction with the platform for a year.

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🖼 A Saudi Arabia-Themed NFT Collection Is the Latest Free-to-Mint Hit

The collection of 5,555 NFTs, whose artwork is a derivative of the famed CryptoPunks collectibles, were free to mint on July 9 and sold out within hours. The project’s floor price (which is the price of the cheapest edition currently for sale on the open market) is around 0.75 ether (roughly $867), after peaking at around 1.3 ETH (roughly $1,650) on Saturday.

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🖼 Prom Integrates Fandom to Revolutionize Digital Culture with NFTs and Web3

Prom is excited to integrate with Fandom, the first Fan-Fi project in its ecosystem. Fandom, on the other hand, is merging communities and artists in one place through NFTs and fan tokens to wither interact like never before. This integration adds another layer to Prom’s ecosystem because they are integrating new and interesting fan experiences.

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🖼 OhPlay’s elite access NFT offers exclusive GambleFi 3.0 advantage

The Ohplay Elite Access NFT is poised to be one of the standouts among other NFT collections upcoming in late Q2, offering high ROI potential and a bunch of valuable utilities. Fortunately, Ohplayers can acquire one on the 96NFT platform at a reasonable price with superior benefits, in the celebration of the first Ohplay NFT offering and the partnership between the two projects.

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🖼 Dunamu and HYBE's NFT venture 'Levvels' reports continued losses

South Korea’s domestic virtual asset exchange, Dunamu, and BTS’s agency, HYBE, jointly established the non-fungible token (NFT) company Levvels. However, since its inception, Levvels has been struggling with financial losses. The prolonged downturn in the NFT market over the past few years has made it difficult for the company to find a substantial revenue source.

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🖼 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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🖼 Penguiana Doubles Market Cap to Over $2.5 Million Ahead of GUIANA NFT Mint

Penguiana, the distinctive penguin-themed meme coin on the Solana blockchain, continues to captivate the crypto community, achieving a new milestone by doubling its market cap to over $2.5 million according to Dexscreener. This surge in valuation underscores the strong investor confidence and community enthusiasm surrounding the project, especially with the impending launch of the GUIANA NFTs.

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⬜️ OKX NFT Marketplace Now Supports Immutable zkEVM

Yesterday marked a significant milestone as Immutable zkEVM, integrated with the Polygon network, made an announcement: its official support on the OKX Marketplace. OKX and Immutable are on a mission to propel web3 gaming, recently introducing a GameFi NFT launchpad on OKX’s Marketplace and integrating Immutable’s zkEVM chain for scalability and security.

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🔫 L’Occitane En Provence Unveils Seasonal Metaverse Storefront

L’Occitane en Provence, the renowned French global beauty brand, is set to launch its fourth seasonal metaverse storefront. This latest initiative, titled “The Greenhouse,” will highlight the company’s summer fragrance collection and is built on the Emperia virtual store platform. This move follows L’Occitane’s previous metaverse ventures, which include a store for Ramadan in March-April 2024, a holiday-themed store in November 2023, and a prior summer storefront in July 2023.

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🖼 SkyDog Social Announces A Full-Stack NFT Ecosystem

SkyDogSocial has launched a new ecosystem focused on digital art NFTs and building a solid community around creators and collectors. This platform aims to provide a comprehensive space where blockchain technology meets artistic creativity. Central to SkyDogSocial is an NFT collection of 4,444 unique digital artworks. Each piece is an original creation by skilled artists, not AI-generated. This ensures the NFTs are authentic, one-of-a-kind items.

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🖼 Pixelmon Token Airdrop Sparks Rush for the Game’s NFTs

Pixelmon—an Ethereum-based NFT game inspired by Pokémon—is set to airdrop a significant amount of the $MON token, prompting a frenzy of NFT purchases. As per a recent X post, over 180,000 eligible wallets will receive the tokens via Mon Protocol: holders of specific Pixelmon NFTs, ‘Kevin the Adventurer’ players, participants in the PixelPals’ ‘Farm2Farm’ contest, and contributors of the $MON presale.

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🪙 Ethereum Dominates NFT Sales Despite Overall Market Drop

NFT sales experienced a decline this week, falling by 8.99% compared to the previous week. Across all 21 blockchains, total sales reached $137.44 million, with Ethereum leading the way with $43 million. Bitcoin followed with $34.79 million in NFT sales, a decrease of 26.67% from the prior week. Other notable blockchains included Solana, Polygon, and Immutable X.

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🖼 Enjin Launches Quick Wallet to Simplify NFT Claims

Enjin, a proof-of-stake dual-layer chain, has introduced Quick Wallet to simplify access to the web3 ecosystem, specifically for claiming Enjin Beam NFTs. This initiative aims to lower barriers to entry by offering users the ability to claim NFTs via email or a securely generated code, without initially needing the Enjin Wallet. This feature expands the audience to users encountering web3 for the first time and accommodates those with minimal exposure with the ecosystem.

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🖼 Ragnarok: Monster World Announces Schedule for Nyang Kit NFT Mint

Ragnarok: Monster World has recently announced the Nyang Kit NFT Mint event scheduled on May 28 at 9:00 EST according to a blog post by Ronin, the EVM-compatible network developed by Sky Mavis. This new kit is set to reinvigorate the game’s ecosystem by bringing back Nyangvines, a feature well-known to veteran players but now returning with new twists to provide players with new opportunities and exclusive rewards, and enhance the overall gameplay experience for its dedicated community.

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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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