IDO NFT SHILLER

2022-06-06 11:58:11 MG Motors launches its metaverse platform "MGverse"

MG Motors launches its metaverse platform, MGverse which will be available later this year. It will provide an immersive experience to its customers and stakeholders through multiple arenas.

With this, the brand aims to bring customers, partners, and employees together to work, play, engage, collaborate, co-create, socialize and shop.

Through MGverse, the brand will provide five different experience centers on one platform — Explore & Creator's Center, NFT Gallery, MG Car Club, Gaming Arena, and MG Knowledge Centre.

https://www.businesstoday.in/technology/story/mg-motor-announces-entry-into-the-metaverse-with-mgverse-to-be-available-later-this-year-336456-2022-06-06 Open / Comment

2022-06-01 12:03:03 South Korea to invest $177 million directly in Metaverse platforms

The government of South Korea has announced it will start investing in metaverse projects directly.

The investment, which will amount to $177.1 million to kickstart the national industry, was announced by the minister of science and information and communication technologies of South Korea, Lim Hyesook.

The investment is part of the new tech focus South Korea has included in its Digital New Deal, a set of guidelines that the government is following to push citizens to transition to a fully digital society.

https://news.bitcoin.com/south-korea-to-invest-177-million-directly-in-metaverse-platforms/ Open / Comment

2022-05-19 19:36:10 Do Kwon fined $78M for tax evasion

South Korea’s national tax agency has fined the Terraform Labs and its co-founder Do Kwon a $78 million, or 100 billion won, the penalty for tax evasion charges.

The tax authorities revealed that Terraform Labs and its various subsidiaries were registered in the Virgin Islands as well as Singapore despite their actual place of management in South Korea itself.

It is said that the tax authorities were altered after Terraform Labs sent LUNA from Terra Singapore to LUNA Foundation Guard (LFG) to avoid taxations or make up for the losses of anchor protocol.

https://cointelegraph.com/news/south-korean-watchdog-reportedly-fines-terraform-labs-78m-for-tax-evasion Open / Comment

2022-05-17 11:25:00 Goldman Sachs note to clients & brief history of algorithmic stablecoins

Algorithmic stablecoins in particular are vulnerable to self-fulfilling crises, as is now obvious after the decline of UST and LUNA. Regulation seems likely, in our view.

In the case of UST, the broader drawdown in digital assets may have raised investors’ subjective probabilities of the risk that LUNA’s market cap could fall below the supply of UST, such that it might be insufficient to cover all redemptions.

While stablecoins can provide a useful service within the digital asset ecosystem, current designs can be risky. More stability could be achieved through forms of government regulation and/or deeper network effects from greater non-speculative usage of the underlying protocols. Open / Comment

2022-05-13 19:20:05 LUNA & UST Trading Resumed
https://www.binance.com/en/support/announcement/f0c1cc8fb6454d1aa253bd6aec52580c Open / Comment

2022-05-11 10:32:48 Luna $UST game over.. even if in future theres unreal Luna pump.. LFG has lost its reputation

NOW 5$ Open / Comment

2022-05-07 00:18:09 Former billboard executive becomes new CEO of NFT project Doodles

Julian Holguin, former executive at Billboard, is the new CEO of Doodles, a community, and collection of 10,000 NFTs.

His move to Doodles signals an exciting new era in NFTs where Holguin will work closely with the Doodles founding team to scale and transcend the current NFT market and lean into music, gaming, premium content, and consumer goods.

Doodles' vision is to build the largest and most loved web3 media brand worldwide and target the mainstream consumer market through culture and entertainment. Open / Comment

2022-05-01 12:55:13 ApeCoin slides 40% in three days despite “Otherside” metaverse land sale

ApeCoin (APE) price losing nearly 40% in just three days.

APE's price reached its second-highest level, hitting $27.57 on April 28, up more than 2,650% from its mid-March debut. Open / Comment

2022-04-30 11:45:26 Bored Ape Yacht Club floor price reaches 152 Ether

Bored Ape Yacht Club (BAYC) NFT collection has seen its floor value reaching an all-time high and today only OpenSea started accepting Apecoin $APE as a payment method.

According to the NFT marketplace Opensea, the current floor value is 152 ether or $430K for the cheapest Bored Ape NFT.

Since September 1, 2021, the floor value of the BAYC NFT collection has jumped from 25 ether ($70K) to today’s 152 ether, surging more than 500% in value.

https://news.bitcoin.com/the-floor-value-of-bored-ape-yacht-clubs-nft-collection-taps-152-eth/ Open / Comment

2022-04-25 20:09:54 Bored Ape Instagram account hacked: NFTs worth $2.8 million stolen

A hacker has stolen 91 NFTs worth at least $2.8 million through a phishing attack targeting Bored Ape Yacht Club owners today.

It appears that the phishing attack was carried out through the official Bored Ape Instagram account.

"There is no mint going on today. It looks like BAYC Instagram was hacked. Do not mint anything, click links, or link your wallet to anything," tweeted Bored Ape Yacht Club.

https://www.theblockcrypto.com/post/143328/bored-ape-instagram-account-hacked-nfts-worth-2-8-million-stolen Open / Comment