📉 Floor Prices Of Top 🖼 NFT Collections Crash As Cryptocurrencies Rally

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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🖼 NFT platform Zora is offering a novel way for AI model makers to earn money

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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🔫 Busta Rhymes Brings Hip-Hop to the Metaverse

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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🖼 NFT Market Flourishes With an 11.62% Rise This Week

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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🖼 Musée d’Orsay Breaks New Ground with On-Chain Exhibition and NFT Auction

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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🟠 Binance exit sparks fears and opportunities in Nigeria’s crypto community

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 Focuses on NFT Sales After Successful $MOBCOIN Launch

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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🖼 Bored Apes and Other Yuga Ethereum NFTs Are Shedding Value

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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🖼 NFT Providers May Need Registration to Comply With UK Money Laundering Rules

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 issuing TNSR governance token

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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🖼 Slovenia's SunContract launches NFT marketplace for solar panels

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 Hits All-Time High Price as Ethereum Gaming Network Hosts Free ‘Kaidro’ NFT Mint

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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🖼 'MadWorld' Mobile NFT Shooter Launches in Early Access as Studio Raises $11 Million

MadWorld, a post-apocalyptic shooter game for iOS and Android, opened up registration for its early access playtest on Thursday, giving players an opportunity to test out its NFT-based territory control elements. And the studio behind the title, Carbonated, also shared that it has raised $11 million in fresh funding from prominent backers. The studio previously raised $8.5 million in 2020 with Andreessen and Bitkraft both attached then, as well.

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💰 Asia Broadband Launches Gold-Backed NFTs on Solana

Asia Broadband, a team of gold mine operations and creators of gold-backed cryptocurrency $AABB, have launched gold-backed NFT collection Golden Rascals on the Solana blockchain. The collection marks Asia Broadband’s expansion to Solana following the launch of their first gold-backed NFT collection, the Golden Baboons Mining Club, on Ethereum last year. Each NFT is backed by a half gram of gold, with legendary-rarity NFTs backed by a full troy ounce of gold.

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🖼 Marvel partners with NFT company for new digital comics platform to rival Amazon's digital comics market

Marvel Entertainment has partnered with the prominent NFT company VeVe to be the first major client of an all-new digital comics reading platform coming to market just as Amazon's once-massive digital comics services continues to falter. The VeVe Comics app and webstore "fills a current gap in the industry" according to a spokesperson, with plans for it to partner with other publishers in addition to Marvel in the coming months.

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🖼 Shiba Inu NFTs Shiboshis Continue to Burn SHIB

The Shiba Inu community has continued to focus its attention on the burning campaign, as several proponents champion the narrative of increased burns. This has resulted in the exploration of diverse avenues for the incineration exercise, including Shibarium. Most community members believe Shibarium is the most viable avenue to implement more burns, especially given the number of tokens the layer-2 network has incinerated since the fourth quarter of 2023. As of December 2023, Shibarium had burned 33 billion SHIB in four transactions.

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🖼 $Donuts Set to Launch Its Trailblazing Token and NFT Project on Solana Blockchain

The $Donuts project is uniquely composed of the $DONUTS token, with a total supply of 100,000,000, aimed at enhancing community transactions and rewards, alongside a series of Springfield-themed NFTs. These NFTs immortalize the iconic moments and characters from Springfield, marrying nostalgia with the cutting-edge technology of the blockchain. This event is a prelude to our journey, setting the stage for a series of community-driven events, including airdrops, contests, and exclusive NFT drops.

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🖼 Sony Bank Goes Full Web3 With NFT Rewards and Green Token

Sony Bank has unveiled plans to launch an NFT-based mobile app and issue a green finance security token on the blockchain. The CONNECT app, set for release this summer on Android, will allow customers to earn digital asset rewards in the form of non-fungible tokens (NFTs) powered by Sony’s private blockchain. In the coming months, the bank will roll out a $1 million U.S. dollar-denominated green security token offering targeted at Japanese investors.

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