NFT & Crypto Updates
🖼 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
🖼 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
🖼 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 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
🖼 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
🖼 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
🖼 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
🔫 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
🖼 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
🖼 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
⬜️ 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
🔫 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
🔫 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
🖼 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
🖼 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
🖼 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
🖼 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
🖼 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
🪙 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
🖼 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
🖼 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
🖼 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
🖼 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
🖼 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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NFTs | OpenSea | News
🖼 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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NFTs | OpenSea | News
🖼 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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NFTs | OpenSea | News
🖼 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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NFTs | OpenSea | News
🔫 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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NFTs | OpenSea | News
🖼 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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NFTs | OpenSea | News
🆘 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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NFTs | OpenSea | News