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2023-08-05 16:41:02 Yue Minjun to Release Laughing Head NFTs

Chinese political pop artist Yue Minjun will bring his trademark laughing figures to the digital realm for the first time with the collection Kingdom of the Laughing Man. 'I've explored numerous media with my art over the years,' Yue said in a statement. 'This new digital frontier excites me the most as I can bring my art to life in a way that I haven't been able to with physical media.' . Alongside Fang Lijun and Liu Wei, both of whom have previously produced NFTs of their own.

The Kingdom of the Laughing Man collection will launch with 'Boundless', a series of 1,200 unique NFTs in the PFP (Profile Picture) format made popular by Cryptopunks and the Bored Ape Yacht Club. Presented in collaboration with Los Angeles based iv gallery, the first drop from Yue's collection will take place on 8 August on the LiveArt platform. Prices for art-related NFTs peaked in 2021, and total sales fell from $2.9 billion in 2021 to $1.5 billion in 2022 according to The Art Market Report 2023. Museums including LACMA and Centre Pompidou acquired NFTs in 2023, while American sculptor Maya Lin minted her first NFT works in March.

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2023-08-03 21:07:24 TRUE Announces Strategic Investment Round to Scale NFT Engagement Tools for Brands

TRUE, a leading platform providing white-label NFT solutions and engagement tools for Web2 businesses, initiates the launch of its strategic investment round. With positive signals from the crypto market indicating an opportune time for investments in emerging markets, TRUE's infrastructure and products are ready for rapid scaling and promotion. Having successfully closed its pre-seed and seed rounds, TRUE has evolved from a startup into a stable and thriving business, poised to embark on this confident strategic round.

TRUE firmly believes that NFT utility is the unrivalled engagement solution for traditional Web2 companies in the crypto space. As more companies recognize the transformative power of NFT technology, it becomes increasingly clear that there is no alternative in the crypto world for engaging with the audience on a deeper level. As the company prepares for the launch of its native token, it is also proud to announce its partnerships with a top-tier market maker that operates with major exchanges, further solidifying its position in the market. This strategic round will enable TRUE to further expand its offerings and broaden its reach, delivering innovative NFT solutions to a diverse range of industries.

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2023-08-02 15:14:41 NFT Sales Fall 30% In July

The global non-fungible token market has recently crashed after the initial hype that followed its rise in popularity. In the past few weeks, most NFTs have fallen sharply in their floor price value, leading some investors to question their long-term viability. The NFT market started spiraling downward in the past few weeks, leaving many projects in massive losses. Data compiled by CryptoSlam.io, an on-chain data aggregator, shows that the once-booming non-fungible token market is down by nearly every traceable metric.

During this period, non-fungible token hosted on the Ethereum blockchain has been the most traded NFTs, recording a trading sales volume of $315 million. Ethereum NFTs have dropped 21% in trading sales volume from the past month. Non-fungible token collections pegged on the flagship crypto “Bitcoin” has been the second most traded NFT collections this month. In the past 30 days, Bitcoin ordinals have attracted a trading sales volume of $63 million. This figure translates to a 48% drop from the past month. Non-fungible token hosted on BNB Chain, a community-driven, decentralized, and censorship-resistant blockchain from renowned crypto exchange “Binance,” takes fifth place this month. In the past 30 days, BNB Chain NFTs have recorded a sales volume of $23 million.

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2023-08-01 16:33:45 Starbucks Embarks on a New NFT Journey with 'Green Apron' Drop

Starbucks is set to launch its latest non-fungible token (NFT) collection, named "Green Apron." As per reports, this digital collection pays homage to the evolution of Starbucks' iconic apron, from its original Pike Place design to the now-familiar Siren apron. The series also serves as a tribute to the dedicated employees who have served for over 50 years. The collection will launch on August 1, 2023, on the Nifty Gateway NFT marketplace.

Curious buyers will be reportedly treated to a delightful surprise on August 3, 2023, when Starbucks unveils the stunning NFT designs. The upcoming "Green Apron" NFT drop marks Starbucks' fifth venture within its Web3 program, Starbucks Odyssey. Each drop in this series holds a distinctive element that embodies the essence of Starbucks. Starbucks has already experienced success with previous NFT collections. "The Siren Collection" was a hit, featuring the iconic siren emblem, and sold out within an astonishing 20 minutes. " The First Store" celebrated the opening of Starbucks' first store at Seattle's Pike Place Market in 1971. Polygon is a “layer two” or “sidechain” scaling solution that runs alongside the Ethereum blockchain.

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2023-07-31 12:29:42 Ducati Partners With Ripple-Founded XRP Ledger for its First NFT Collection

Italian motorcycle manufacturer Ducati partnered with XRP Ledger to enter the Web3 space. The main goal is to launch its first-ever digital collectible, which is a video sequence of all the Ducati logos that have appeared on the tanks of motorbikes produced in Borgo Panigale from 1946 to the present day. Users are required to sign up within seven days of the release date. Following the traditional route of NFT drops, Ducati announced that those who get the first collectible will have access to subsequent projects.

According to the blog post, upcoming projects by the motorcycle manufacturing giant will be deployed using Ripple, which is tasked with providing technical support on the fast, low-cost, and carbon-neutral XRP Ledger (XRPL) blockchain. Ducati plans to develop a series of Web3 activities over the next few months through the creation of new digital aggregation spaces, NFT collections, and other opportunities. The company said the move represents the “natural evolution of its digital strategy.”. For the initiative, Ducati has also teamed up with Web3 Pro, which had previously worked with its parent company, Lamborghini, for brand engagement on an NFT collection called “The Epic Road Trip.”

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2023-07-29 11:57:17 99-year-old Hungarian artist’s computer-generated NFTs sold for $1.2M

Computer-generated nonfungible tokens (NFTs) created by Hungarian artist Vera Molnár in collaboration with Martin Grasser sold out in less than one hour during Sotheby’s Dutch auction for a total of 631 Ether (ETH), or around $1.2 million. According to the July 26 announcement, the “Themes and Variations” collection features 500 collectibles generated via an algorithmic combination of 170 color palettes and recursive grids. Born in Budapest in 1924, Molnár was one of the first pioneers of computer-generated imagery.

The collection has surpassed 589 ETH in volume traded on secondary markets such as OpenSea. At the time of publication, Themes and Variations’ floor price has increased by over 100% from an average of 1.52 ETH shortly after the sale ended. “After decades of exploring how systems and computers can generate artistic outputs, I see this collaboration with Sotheby’s and Art Blocks as a culmination of those efforts, providing a new way to generate never-before-seen, unique abstract forms that are defined by the controlled randomness of machine programming—the essence of the algorithm.”. Themes and Variations is an expansion of Molnár’s 2% d’ordre generative protocol that explores the power of the grid and randomness of color.

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2023-07-26 10:27:03 A New Sleepdrop Scam Uses NFT Airdrops To Steal Your Funds

The team at Forta Network has sounded the alarm about a new version of the Sleepdrop scam. This version of the scam uses NFTs and a verified contract to mislead users into thinking they’re interacting with a legitimate airdrop. Forta Network is a California-based security and operational monitoring network for wallets, developers, and investors. Lido is one of its users. The Forta community discovered the scam when a new NFT from Lido was transferred into one of Forta’s multisig wallets.

After Lido confirmed that it was not the source of the NFT, the Forta community studied it and discovered it was a scam. The scam involves several steps. First, the scammer creates an ERC-1155 (NFT collection) that impersonates a legitimate team. Next, the scammer transfers most of these counterfeit assets to a legitimate contract that previously conducted an airdrop. Then, the scammer triggers the airdrop function of the contract to distribute the NFTs to multiple addresses. To deceive recipients, the description of the NFT includes a phishing URL embedded within it. The main difference between a traditional sleepdrop and this scam is that the scam offers an NFT as a fake reward.

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2023-07-21 10:46:18 Floor App Reveals Ethereum NFT Art Drops Exclusively on iOS and Android

Floor, which lets users track their NFT holdings, is about to try something pretty novel: sell exclusive NFT artwork solely through its iOS and Android apps. On Wednesday, July 26, Floor will debut the first of 10 planned NFT drops in Icons: Series One with a new work by Vinnie Hager, an artist known for his doodle-centric art style showcased in Letters, a 2021 NFT project that has generated $10 million worth of trading to date.

Hager’s new Icons piece, titled “Ground Level Garden” will sell for $29.99 via the app using typical mobile payment methods, and it will be an open edition drop—so there’s no limit on how many can be minted during the set timeframe. After purchase, the Ethereum NFT will be airdropped to the user’s specified wallet, so buyers won’t need to pay for network gas fees. Floor co-founder and CEO Chris Maddern wouldn’t reveal the additional artists lined up for the ten successive weekly art drops, but said that they all have a “pretty strong following in Web3 today.” Each will be priced between $19.99 and $49.99. It’s not yet confirmed whether all will be open edition drops.

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2023-07-20 14:17:26 'Galaxy Commanders' NFT Space Battler Coming to Immutable zkEVM

Galaxy Commanders, a player-versus-player (PvP) space shooter developed by a new team of video game industry veterans, has been announced for release on Ethereum scaling network Immutable zkEVM. Developed by MagmaByte, a startup including former Electronic Arts (EA), NCSoft, and Nexon developers, Galaxy Commanders will task players with leading fast-paced space battles and cooperative planetary conquests using a variety of different strategies. At a glance, it looks akin to EVE Online or Star Citizen—but with an NFT twist.

During these space fights, gamers can collect unique battleships that will help them build their own customized fleet. Each battleship will come with its own unique visuals, specifications and upgradeable skills, while further upgrades will be available via a range of NFTs and Galaxy Commanders' in-game currency, Dimensium. MagmaByte has teamed up with game publisher Immutable to launch the game on the upcoming Immutable zkEVM—a next-generation Ethereum layer-2 scaling network purpose-built for games to enable cheaper, faster transactions. Galaxy Commanders will be playable on PC and mobile devices, and will also make use of Immutable’s Passport wallet—a simplified, non-custodial wallet designed for gamers that integrates fiat currency.

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