Yuga Labs begins testing its Bored Apes-themed Otherside Metaverse, designed for players to choose their own fun, in the sense that players must regulate their own exposures. This was done to the advantage of a few NFT owners. A variety of responses were received from the users. The product is still in its early stages. In their opinion, all portions of the APES COME HOME exposure were positive, and their children enjoyed it as well. Due to the imagery, the effect was surreal.
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Sony has filed a patent for a new “super-fungible token” (SFT) system that aims to revolutionize how players own and interact with in-game assets and collectibles. The technology seeks to provide gamers with greater flexibility and control over their virtual items, potentially transforming the way we think about in-game ownership and economies.
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Bitcoin halving looms closer, professionals working in the nonfungible token (NFT) space anticipate that the crypto milestone will not only affect crypto tokens but may also positively impact the NFT ecosystem. Oscar Franklin Tan, the chief financial officer of Atlas Development, a core contributor to the NFT platform Enjin, believes that NFT prices will “surge after the halving.” The executive argued that this is part of a known cycle where interest in Bitcoin spills over other ecosystems like NFTs.
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Web3-enabled fantasy sports platform Sorare laid off 22 employees based in its New York office in February. The move comes as the startup wants certain teams to be concentrated at the company’s Paris headquarters to improve communication and efficiency, a source familiar with the matter told TechCrunch. “As we plan for our next stage of growth, Sorare has made the decision to centralize some of our functions at our Paris HQ,” Nicolas Julia, the co-founder and CEO of Sorare, told TechCrunch through email.
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Location-based NFT platform Lost Worlds has launched a new Creation Portal, enabling users to create and deploy geographically-linked digital collectibles (geoNFTs) with unprecedented ease. Previously, creating and deploying geoNFTs required direct coordination with the Lost Worlds team. The Creation Portal changes this, opening the doors to anyone – from individual enthusiasts to large-scale projects – interested in crafting and exploring geoNFTs across any supported blockchain.
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NFTs are underperforming the broader crypto markets amid the latest leg of bullish momentum posted by ETH and BTC. Token listings on Blur, the leading NFT marketplace, show five of the top six collections by daily volume suffering losses of between 20% and 37% when measured in ETH over the past seven days. The latter three collections also suffered losses of between 15% and 20% against USD over the same period, while BAYC tumbled 5%, according to NFT Price Floor.
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Zora, an NFT-based social network platform, is continuing its expansion beyond the crypto-sphere into the hot artificial intelligence market, Dee Goens, the startups’ co-founder, said on Chain Reaction. The Zora Network is built on top of the layer-2 blockchain Optimism, which focuses on growing the Ethereum ecosystem. Since it was founded in 2020, Zora has had over $300 million in secondary sales, users have minted, or posted, over 4 million NFTs and it has about 1 million unique collectors, according to its website.
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TCG World, an online virtual community sandbox, has joined forces with Chooky Records, the music label, to introduce a chart-topping hit to the metaverse. The focal point of this collaboration is the highly anticipated premiere of the official “Chooky” music video within the TCG World metaverse. Featuring the vocal talents of Nigerian artist O.T., Australian/Japanese singer Elesia Iimura, and legendary hip-hop icon Busta Rhymes, the “Chooky” track took the music world by storm in 2023.
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Sales of Non-fungible tokens (NFTs) have witnessed a notable uptick this past week, climbing 11.62% to hit $442.02 million over the previous seven days. The most significant transaction was the sale of the ‘Alien’ Cryptopunk #3,100, donning a headband, for $16 million, with Bitcoin-based NFTs claiming the lead in sales volume across 22 different blockchains.
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The Musée d’Orsay, a renowned museum in Paris, is venturing into the world of blockchain and digital art with its first-ever commission of an on-chain NFT exhibition. These five single-edition NFTs (non-fungible tokens), minted on the Tezos blockchain, are a result of a captivating art installation and social experiment currently on display as part of the museum’s digital-themed exhibition, “Le Code d’Orsay.”
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Forwarded from Charts | Signals &Trading
#Market Update:
BTC is currently above 69k level which is a bullish sign for the further bullish momentum BTC needs a weekly closure above it
The Next week Major events :
-US CPI tomorrow
-US PPI and Retail sales day after tomorrow
As we have a weekly closure tonight and major events coming so volatility is expected trade cautiously and must use Sl.
@ChartsSignalsTrading
BTC is currently above 69k level which is a bullish sign for the further bullish momentum BTC needs a weekly closure above it
The Next week Major events :
-US CPI tomorrow
-US PPI and Retail sales day after tomorrow
As we have a weekly closure tonight and major events coming so volatility is expected trade cautiously and must use Sl.
@ChartsSignalsTrading
According to local crypto stakeholder Nathaniel Luz, Nigeria’s crypto ecosystem will see the rise of new crypto exchanges that will fill the vacuum created by Binance’s exit. In separate interviews with Cointelegraph, local crypto stakeholders said the delisting of Nigerian naira-related services from Binance will lead to the rise of new crypto exchanges, which will fill the vacuum created by Binance’s exit by complying with local regulations.
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Crypto Gambinos, a project developed by Phantom Labs Pty Ltd, has successfully launched its native cryptocurrency, $MOBCOIN. With the $MOBCOIN presale complete, the token is now publicly available for trading on Uniswap. The NFT collection, available for minting on the Crypto Gambinos website, features a narrative centered around a character's evolution within a family hierarchy. The collection includes a range of characters, each with varying degrees of rarity, and totals 7,777 NFTs.
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Several NFT collections created by industry giant Yuga Labs have sunk to all-time low ETH valuations—at the same time that other NFT projects, including those acquired by the company, have grown in value on the wings of booming crypto prices. Mutant Ape Yacht Club (MAYC), for example, a collection released by Yuga in August 2021, has fallen to an all-time-low floor price of 2.4 ETH, according to CoinGecko—meaning the cheapest NFT in the 20,000-piece PFP collection can be acquired for that price.
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Crypto businesses that issue non-fungible tokens (NFTs) in the U.K. rather than providing financial services will probably need to register with the Financial Conduct Authority even after the government introduces a new authorization regime for the industry, according to a consultation on money laundering issued by the Treasury on Monday. The government has been refining its crypto regulation environment, and last year said it planned to bring crypto exchanges and custody providers into the new crypto authorization regime.
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Solana NFT marketplace Tensor announced it will issue a governance token. In a post to X, Tensor Foundation teased issuing the TNSR token, though without providing many details. "NFTs today are a niche community on the fringes of the web. NFTs tomorrow will power products, businesses and entire industries. NFT traders will go from thousands — to billions," the organization said on Tuesday.
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Slovenian blockchain energy-trading platform developer SunContract has launched a non-fungible token (NFT) marketplace for solar panels, it said. The NFT marketplace was officially launched at the Crypto Expo Europe 2024 conference in Bucharest. The first series of NFTs, representing individual solar panels from a power plant in Slovenia's Visnje sold out on opening day, SunContract said in a statement earlier this week.
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Ronin, a gaming-centric Ethereum scaling network, continued its recent ascent early Wednesday, setting a new all-time high price to beat its previous record from 2022. The RON token spiked to $4.45 early Monday, though it has since cooled slightly to $4.31 as of this writing, per data from CoinGecko. It’s still up 12% on the day, and the latest surge has pushed its seven-day gains to a whopping 53% following a weekend pump.
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📣 Changes to IP laws 'not necessary' to deal with NFTs, says report
IP laws do not currently need to change to address infringement concerns relating to the use of non-fungible tokens (NFTs). So said the USPTO and US Copyright Office in a joint study published 13 March examining the IP law and policy implications of NFTs. NFTS are part of an emerging technology that leverages blockchain technology for a variety of uses such as representing ownership of digital art or authenticity of products and services, implicating IP rights.
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IP laws do not currently need to change to address infringement concerns relating to the use of non-fungible tokens (NFTs). So said the USPTO and US Copyright Office in a joint study published 13 March examining the IP law and policy implications of NFTs. NFTS are part of an emerging technology that leverages blockchain technology for a variety of uses such as representing ownership of digital art or authenticity of products and services, implicating IP rights.
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