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🖼 Dapper Labs Reaches $4M Settlement in NBA Top Shot NFT Lawsuit
On Monday, June 3, 2024, lawyers representing investors who purchased non-fungible tokens from Dapper Labs filed a motion seeking preliminary approval of a $4 million class action settlement in the U.S. District Court for the Southern District of New York. The class action lawsuit alleged that Dapper Labs, the company behind NBA Top Shot, violated federal securities laws by selling crypto collectibles known as moments without registering them as securities.
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NFTs | OpenSea | News
🪙 Ethereum Name Service tops NFT charts sales with over US$4.27 million
The Ethereum Name Service (ENS) led CryptoSlam’s non-fungible token (NFT) market Monday with over US$4.27 million in sales. ENS is not directly categorized as an NFT collection but uses NFT technology. ENS is a decentralized domain name protocol on the Ethereum blockchain that allows users to convert Ethereum addresses into human-readable formats.
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NFTs | OpenSea | News
🇰🇷 South Korea classifies select NFTs as cryptocurrencies
South Korea’s Financial Services Commission (FSC) has unveiled new regulations that classify specific non-fungible tokens (NFTs) as virtual assets, akin to cryptocurrencies. This regulatory move is aimed at providing clarity within the evolving digital asset sector and ensuring that certain NFTs are governed by the same rules as traditional cryptocurrencies.
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NFTs | OpenSea | News
🇺🇸 US charges three UK nationals in connection with ‘Evolved Apes’ NFT rug pull
The US Attorney’s Office for the Southern District of New York said in a statement it has charged three UK nationals in connection with a 2021 rug-pull scam involving a collection of 10,000 NFTs called ‘Evolved Apes.’ Mohamed-Amin Atcha, Mohamed Rilaz Waleedh, and Daood Hassan, all 23, were charged with wire fraud and money laundering, according to the statement. Each count carries a maximum prison sentence of 20 years.
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NFTs | OpenSea | News
🖼 Galaxy Digital uses historic violin NFT to secure loan
Michael Novogratz’s Galaxy Digital and Animoca Brands co-founder Yat Siu have tokenized a Stradivarius violin from 1708 to use as collateral for a multimillion-dollar loan. On June 4, Galaxy reportedly lent an undisclosed amount of funds to Siu, who used the 316-year-old violin he owned as collateral. The digital assets firm turned the violin into a nonfungible token (NFT) and will hold the NFT and the physical version until Siu settles the loan.
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NFTs | OpenSea | News
💰 Bitcoin NFTs hit $4B in all-time sales volume
While the overall nonfungible token (NFT) space saw a 54% drop in sales in May, digital collectibles on Bitcoin reached a new milestone. On June 4, NFT data tracker CryptoSlam showed that NFTs on the Bitcoin blockchain reached a total all-time sales volume of over $4 billion. The data combined the NFT sales, which were $3.97 billion, and the wash sales, which were $82 million.
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NFTs | OpenSea | News
🖼 Animoca Brands Japan Unveils NFT Launchpad ‘SORAH’
Animoca Brands Japan has announced the name of its new NFT launchpad, SORAH by Animoca Brands Japan, and is set to launch in the summer of 2024. SORAH, named after the Japanese word for sky, aims to support NFT projects by providing opportunities for creators to sell their NFTs while offering various sales methods and loyalty programs. Further information about these programs will be released at a later date.
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NFTs | OpenSea | News
🔫 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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NFTs | OpenSea | News
🖼 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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NFTs | OpenSea | News
🔫 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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NFTs | OpenSea | News
🖼 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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NFTs | OpenSea | News
🖼 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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NFTs | OpenSea | News
🖼 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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NFTs | OpenSea | News
🖼 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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NFTs | OpenSea | News
🖼 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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NFTs | OpenSea | News
🖼 Bitcoin.com's Verse Voyager NFT Collection Sells Out
Verse Voyager NFT collection has completely sold out. This achievement underscores the growing interest and enthusiasm in the decentralized finance space and highlights Bitcoin.com’s commitment to innovation and community engagement. “In a market overwhelmed by speculative meme coins, the success of our first NFT collection is a beacon for those who buy with intention and understanding of what we’re building,” said Bitcoin.com CEO Corbin Fraser.
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NFTs | OpenSea | News
🖼 Adidas and Stepn Grant Limited Genesis NFT Sneakers to Web3 Customers via Mooar Marketplace
Adidas has entered into a partnership with Stepn, a Solana-based move-to-earn application, to offer generative NFTs to users. As a product of this partnership, a new NFT collection featuring Adidas sneakers was launched on Wednesday. For Adidas, creating digital avatars of their popular sneakers as NFTs is a way of connecting with the newer and emerging generation of consumers.
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NFTs | OpenSea | News
🖼Grimace NFT Holders Get VIP Access in McDonald’s New Metaverse
McDonald’s has officially entered the metaverse scene in Singapore with the launch of its own digital world named “My Happy Place” accessible through the McDonald’s app in collaboration with Bandwagon Labs. This virtual realm offers a unique experience to users, particularly those who own Grimace NFTs released in 2023.
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NFTs | OpenSea | News
🖼 Bybit Web3 To Launch Season 2 of Velocity Series NFT Collection
Bybit Web3, the web3 division of top three global crypto exchange Bybit, has announced the upcoming Season 2 launch of their Velocity Series NFT collection. Emily Bao, Bybit Web3 Evangelist, states: “We’re excited to partner with Kjetil Golid, whose unique blend of art and data perfectly captures the essence of Formula 1 racing. Velocity Series Season 2 promises a thrilling experience for collectors and racing enthusiasts alike.”
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NFTs | OpenSea | News
🖼 Web3 Shooter Shutdown Mints Out Debut ‘Mongrel NFT’ Collection
Web3 action-shooter title Shutdown, backed by Morningstar Ventures, has seen its first NFT release – titled the Mongrel Collection – mint out, ahead of their upcoming token launch. 1,750 free-to-mint NFTs were available, and all were distributed, with over 1,000 Mongrel NFTs claimed through guaranteed spots on OpenSea. Shutdown’s $FUSE token is set to launch later in 2024.
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NFTs | OpenSea | News
🖼 Bitcoin Blockchain Records $3.82 Billion in NFT Sales, Secures Fourth-Largest Spot
In the first week of June 2024, data revealed that the Bitcoin blockchain generated $3.82 billion from NFT sales. Although NFTs on Bitcoin were previously available through technologies like Counterparty, the introduction of Ordinal inscriptions has significantly increased the popularity of BTC-based NFTs, even amid a general decline in the digital collectibles market. The $3.82 billion has positioned BTC within the top five blockchains for NFT sales, securing the fourth spot just below the Ronin chain.
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NFTs | OpenSea | News
🖼 Magic Eden NFT Volumes Top Bitcoin, Ethereum, and Solana Networks
Non-fungible token (NFT) marketplace, Magic Eden has recorded an uptick in trading volumes across Ethereum, Bitcoin, and Solana networks in the last 24 hours. This boost comes as decentralized finance (DeFi) activities surge following increased market sentiments. Magic Eden notched volumes increasing its market share. Magic Eden has surpassed NFT marketplace Blur on Ethereum. The platform’s market share surged to 41.39% outpacing Blur at 38.84%.
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NFTs | OpenSea | News
🖼 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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NFTs | OpenSea | News
⬜️ 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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NFTs | OpenSea | News
🔫 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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NFTs | OpenSea | News
🖼 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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NFTs | OpenSea | News
🖼 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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NFTs | OpenSea | News
🪙 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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NFTs | OpenSea | News
🖼 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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NFTs | OpenSea | News
🖼 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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NFTs | OpenSea | News