Damien Hirst’s first non-fungible token (NFT) collection is getting a dedicated price index courtesy of Chainlink, a crypto network and data provider. When Hirst – the British artist best known for wildly expensive works involving taxidermied sharks and diamond-studded skulls – released “The Currency” last year, the project took most of its cues from other popular NFT collections. Like CryptoPunks or the Bored Ape Yacht Club, “The Currency” consists of 10,000 images with slight variations.
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According to a local report, Shivaprasad R (name changed), a practicing chartered accountant (CA), lost INR 1.58 lakhs (approximately $1895) in fees to the scammers who promised to buy out his art. Shivaprasad is a professional artist whose work has been featured in several local exhibitions and posted on Instagram and Facebook. In October 2023, the scammers, claiming to be an “NFT art dealer,” introduced the artist to a platform dubbed nfttradeplace.com.
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NFT activity on Polygon has gained traction in April. CryptoSlam data shows that the number of unique buyers of Polygon-based NFTs surged on April 18 to the highest level since June 2023. Over 36,000 NFT purchases were recorded on that day. Polygon ranks fourth among blockchain networks by NFT trading volume after Bitcoin, Ethereum, and Solana. As we reported via X, Dune data compiled by Sealaunch shows that Polygon NFT sales maintained above $1 million for seven consecutive days to April 18.
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Square Enix, the video game giant behind the Final Fantasy and Kingdom Hearts franchises, announced Monday that it has signed a collaboration agreement with prominent metaverse investment firm and crypto game publisher Animoca Brands. The firms will work together to expand the game publisher’s Ethereum NFT game Symbiogenesis to a broader global audience. Specifically, Animoca’s newly established subsidiary, Animoca Brands Japan, will work with Square Enix on combined marketing efforts, including collaborations with some of the 400+ projects in Animoca’s portfolio.
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Trust Wallet, a well-known web3 gateway and crypto wallet, has announced an exclusive partnership. The company says that it is integrating with GoMining (a prominent NFT platform) to introduce an exclusive NFT collection named Trust Box. On its official X account, the company revealed the latest announcement of the partnership.
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Former President Donald Trump is facing mounting legal costs as his legal battles continue to escalate. With the commencement of the first of four criminal trials in Manhattan, Trump’s legal bills have soared to a staggering $86 million since the inception of his presidential campaign. Known for his entrepreneurial endeavors, Trump has a history of branding consumer products as a means to generate revenue.
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📣 FC Barcelona exhibits its first two NFTs at Moco Museum with the exhibition 'Masterpiece
FC Barcelona is exhibiting its first two NFTs, In a Way, Immortal (starring Johan Cruyff) and Empowerment (dedicated to Alexia Putellas), at the Moco Museum. They form part of the ‘Masterpiece’ collection consisting of ten artworks, which is being presented piece by piece.
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FC Barcelona is exhibiting its first two NFTs, In a Way, Immortal (starring Johan Cruyff) and Empowerment (dedicated to Alexia Putellas), at the Moco Museum. They form part of the ‘Masterpiece’ collection consisting of ten artworks, which is being presented piece by piece.
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The Redlion Gazette—the world’s first weekly NFT magazine on Ethereum—ceased its operations at the beginning of the week, signaling the departure of an OG player in the blockchain art and media scene. “Yesterday marked the first Monday since 2020 without a Gazette release. As expected, it went unnoticed, confirming it was the right decision to end it. Still hurts though,” declared the mastermind behind the project, Redlioneye.eth, on X.
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One of nine alien CryptoPunks sold on Thursday for 4,000 Ether, around $12.5 million, in a trade facilitated by Fountain, a broker for high-value NFTs. CryptoPunks is a collection of 10,000 unique, pixelated profile pictures created by the development studio Larva Labs. Each image is linked to a non-fungible token, or NFT. NFTs are a type of digital collectible that use cryptography to verify their ownership and authenticity, serving as a digital proof of ownership.
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Japanese publishing company Futabasha and NFT marketplace SBINFT have announced an NFT giveaway for fans of popular horse racing manga “Umanari 1 Furlong Theater”. Taking place from April 27 to May 12, all participants will receive a limited edition NFT, alongside entry into a prize draw. 200 entrants will received signed books by manga author Miho Yoshida, with one lucky individual receiving an exclusive colored paper.
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The Shredderz, a high-voltage rock and heavy metal band, just cranked up the volume with the public sale of their musical PFP NFTs on OpenSea. ‘Shredz’, the band’s collection of 6,666 hand-drawn characters, embodies their goal of creating a community for metalheads where fans can actively participate in their success. Additionally, each NFT provides access to exclusive revamped tracks and a gamified listening experience like no other.
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PayPal has announced revisions to its Seller Protection Program, with notable changes affecting Non-Fungible Token (NFT) transactions starting May 20. Under the updated terms, PayPal will no longer protect NFT transactions, including those exceeding $10,000. This decision marks a shift in the company’s approach to buyer protection within the NFT market, indicating the industry’s growing maturity.
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Man City launches its second batch of free NFTs through the ‘Unseen City Shirts’ web3 initiative with OKX tomorrow at 9.59 am (BST), transforming the iconic Man City 23/24 shirt into limited-edition digital collectibles. The ‘Blue Moon NFTs’ continue the success of their inagural ‘The Roses and the Bees‘ series, which saw 67,328 assets claimed in under five hours. The Blue Moon name references Man City’s Roblox metaverse, which ran from July 14 to September 26, 2022.
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One of the major barriers to widespread adoption of NFTs has been a skepticism of their utility and value, with many viewing digital collectibles as nothing more than speculative assets. That’s the assumption that Galaxis, a brand-new no-code solution for NFTs, is looking to challenge. Let’s take a look at how Galaxis is reshaping the digital collectibles landscape, unlocking new ways for creators and artists to engage and interact with their communities.
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Today, Mastercard unveils its limited-edition Mastercard Music Pass for music fans around the world, commencing the second season of its tech- and talent-driven Artist Accelerator program with an incredible roster of emerging artists. The personalized Music Pass allows collectors and fans to unlock a cutting-edge AI music studio, behind-the-scenes content, and the chance to access concert tickets to live shows later this year.
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UXLINK, the leading SocialFi platform, is thrilled to unveil its highly anticipated first season of airdrop events. This initiative is set to captivate over 550,000 community contributors, marking a significant milestone as one of the largest airdrop events in 2024. With a user base exceeding 5.5 million, UXLINK aims to involve about 10% of its active users in the upcoming airdrop. This event will kick off with four NFT series, representing a pioneering step in the Socialfi realm and a notable development for web3.
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The METAVERSE IN E-COMMERCE Market 2024 Report makes available the current and future technical and financial analysis of the industry. It is one of the most comprehensive and important additions to the USD Analytics archive of market research studies. It offers detailed research and analysis of key aspects of the global METAVERSE IN E-COMMERCE market.
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Sales of non-fungible tokens (NFTs) experienced a 31.26% decline in April from the revenues recorded in March. Last month, statistics show that NFT transactions across several markets totaled approximately $1.15 billion in sales. As April concluded and May commenced, data reveals that NFT sales for the previous month reached about $1.15 billion, reflecting a 31.26% decrease from March. The number of NFT purchasers also fell by 51.88%, while sellers saw a 45.72% reduction in the same period.
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Reversing course on a decision that was made in March, a U.S. district judge in the Southern District of New York has ruled that the MetaBirkin NFTs can be displayed in a museum exhibition in Stockholm this fall. Last year, Hermès won its trademark infringement case against the artist, whose given name is Sonny Estival, for his “MetaBirkin” NFTs that are colorful faux-fur Birkin bag-inspired nonfungible tokens.
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