NFT & Crypto Updates
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🔵 Circle and NFT-Driven Game ‘Overdare’ Collaborate on Web3 Wallets and USDC Payouts

Stablecoin issuer Circle and South Korean NFT-driven metaverse ‘Overdare’ are teaming up to allow game developers to build in-game Web3 wallets within the platform. The collaboration will also empower game creators to facilitate direct USDC payouts on the platform, as per a Monday announcement. Developed by Krafton, the studio behind PUBG, Overdare is a create-to-earn metaverse game slated for a global launch in the second half of 2024.

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🖼 Fabrica and NFTfi Spearhead NFT Loan for Arizonan Real Estate

Fabrica, an innovative property management platform that utilizes NFTs, is in the spotlight for facilitating a landmark blockchain-enabled real estate transaction in Sun Valley, Arizona — as highlighted by the investor, Sean Murray, in a recent X post. The land’s current owner, known by the Ethereum address ‘3531.eth’, used their Sun Valley plot as collateral for a loan through Fabrica. In this arrangement, failing to repay the loan will result in the transfer of property ownership to the lender.

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🖼 DeLabs Drops First Batch of NFTs for Upcoming RPG ‘Metabolts’

Today, the South Korean gaming titan Delabs is making waves with the inaugural NFT drop for its highly anticipated RPG, ‘Metabolts’. In anticipation of its 2024 release, the character-based game that emphasizes skill-based strategy is progressively unveiling 7,777 unique in-game NFTs via its official website, metabolts.io. These unique PFPs are available to everyone — including participants in the Private Sale, Whitelist Sale, and Public Sale — presenting an opportunity to acquire rare collectibles with actual utility.

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🖼 Ubisoft Taps AI Analytics Firm to Bolster 'Champions Tactics' NFT Game Launch

Gaming giant Ubisoft, the publisher behind hit franchises like Assassin’s Creed and Just Dance, is gearing up to launch its first original NFT game, Champions Tactics: Grimoria Chronicles—and has enlisted the services of a leading crypto gaming analytics startup to aid in that rollout. On Tuesday, Ubisoft announced a collaboration with Helika, a firm that provides on-chain and social analytics around games, along with marketing insights and game management functionality.

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🖼 Other Page Brings Enhanced Web3 Profiles to Magic Eden NFT Marketplace

Other Page and Magic Eden have announced a collaboration that aims to reinvent profiles within the marketplace by enabling users to customize their avatars and showcase their full Web3 legacy across all of their wallets and communities. Other Page's goal is to simplify profile creation by introducing a universal profile to flex the lore, IP licenses, lineage, club or guild affiliation, full sets, rare assets and inventory, as well as game data and achievements across both digital and IRL experiences.

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🖼 Post-Bitcoin ETF VanEck Enters NFT Space With SegMint

VanEck, a global investment manager, is entering the NFT space with the launch of its new platform, SegMint. The platform is created in partnership with tech firms like Nueva.Tech and Delegate.xyz is geared towards crypto-savvy users in Europe and Asia, specifically excluding those in the United States. The platform’s “Lock & Key Model” is analogous to a high-security vault that allows digital assets to be shared without risking security breaches.

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🖼 ‘Parallel’ Ethereum NFT Card Game Set to Open to the Public

Parallel, an NFT trading card game with assets minted across Ethereum and scaling network Base, will make its long-awaited move into open beta on Thursday, February 29, letting anyone jump in and start playing the competitive PC game. Previously available only in a closed beta, Parallel—GG’s pick for the best game of 2023—builds on the foundations of genre giants like Hearthstone and Magic: The Gathering, but with some fresh wrinkles and a distinctive space opera setting.

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🖼 Ethereum NFT Card Game 'Gods Unchained' Hits iOS and Android

Long-running NFT trading card game Gods Unchained has finally gone mobile. Immutable Games announced Wednesday it has launched the fantasy-based tactical game on iOS and Android devices worldwide. An early access version of Gods Unchained Mobile is now available on the App Store and Google Play Store. It provides a card combat experience on smartphones and tablets, turning the PC and Mac game into one that you can play pretty much anywhere.

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🖼 Ordinals trader gets Bitcoin back after fat-fingered NFT purchase

Bitcoin Ordinals trader recovered their money after making an error purchase of a $13,000 nonfungible token (NFT) on the Bitcoin network. On March 1, a Bitcoin Ordinals trader shared a post on X about how they made their “biggest mistake” since they started trading Bitcoin-based NFTs. The trader thought they bought an NFT for 0.021 Bitcoin worth about $1,287. However, the surprise came after the transaction when the trader realized that the NFT was listed for 0.21 BTC (around $12,877).

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💰 Solana NFT market picks momentum, Rebel Satoshi prepares to launch

Aside from Ethereum, Solana is a popular NFTs platform. NFTs also form part of the soon-to-be-launched Rebel Satoshi. Solana had inconsistent trading activity in 2023, barely exceeding $40 million monthly for the year’s first half. Things picked up tremendously from October 2023, when the blockchain experienced multi-fold percentages each month. The blockchain has already witnessed over $239 million in sales this January 2024.

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🖼 NFT Market Booms With 35% Sales Increase as Cryptocurrencies Rally

As the value of cryptocurrencies has risen, the non-fungible token (NFT) market has experienced a 35.14% increase in sales compared to the preceding week. This marks the third consecutive week of sales growth in the NFT sector, with NFTs based on Bitcoin leading the charge throughout this period.

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🖼 Bitcoin leads charge as weekly NFT sales skyrocket to over $423m

The Bitcoin (BTC) network registered the most non-fungible token (NFT) sales in the past week, as overall transactions totaled a staggering $423,004,860. According to data compiled by Cryptoslam.io, Bitcoin emerged as the dominant force in NFT transactions, leading the charge with $160.37 million in sales, representing a remarkable surge of 80.45%. Ethereum (ETH) closely trailed behind, with $159.64 million in transactions, marking a respectable 14.41% uptick in ETH-based NFT sales.

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🔫 Nokia’s 2030 Strategy Aims for Metaverse Expansion

Nokia, a telecommunications infrastructure company, expects a surge in network usage due to advancements in the metaverse, Web3, and AI, and aims to address this demand by 2030. In their Technology Strategy 2030 report, Nokia emphasizes the need to develop a future network architecture to accommodate the evolving market for emerging technologies.

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🖼 Reddit NFT Avatars Surge Past $1.5M in Daily Trades on Polygon, Hitting New Highs

Reddit's venture into non-fungible tokens (NFTs) has marked a significant milestone, with trading volumes of its NFT avatar collection surpassing $1.5 million in the last 24 hours, according to recent data from Polygon and Dune Analytics. This surge accounts for over a third of the collection's total trading volume, which has escalated to $4.1 million since its inception. Concurrently, the platform witnessed a record-setting daily sales volume, with 3,780 digital collectibles exchanging hands, showcasing the growing interest and investment in digital art and collectibles.

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🔫 Yuga Labs tests its Bored Apes-themed Otherside Metaverse

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’s “Super-Fungible Token” System Reveals Plan for NFT-Powered Gaming Assets

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 will spur ‘surge’ in NFT volume

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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🖼 NFT fantasy sports startup Sorare lays off 13% of staff as web3 gaming continues to sputter

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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