Metaverse | DeFi | Nfts | Trading

2022-09-17 16:53:02 Mega Collector Ella Fontanals-Cisneros Enters the NFT Game

Ella Fontanals-Cisneros, a major collector whose holdings run the gamut of Latin American art to conceptual art to video art, is getting into the NFT game. Using 3D scans, works from her collection, which boasts over 2,000 pieces, are going to be made into an NFT tarot card deck, thus the name, NFTarot.

The first fourteen NFTarot cards of a 44-card deck are scheduled to go on sale on LiveArt, a Web3 art platform, on October 6. Half of the cards display works by Gustavo Perez Monzon, a Cuban artist whose geometrical drawings and installations made with wires and thread are credited with bringing conceptual art to his native country. The other seven cards display works of Glenda León, a Cuban artist known for her video art.

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2022-09-16 06:41:02 Someone Just Minted an NFT of Ethereum's Last Proof-of-Work Block

According to Etherscan, the closing chapter in the network's PoW ledger comprises just one transaction: a VanityBlock NFT. The NFT’s creators paid 30 Ethereum (roughly $50,000) to mint the NFT in the early hours of Thursday, after raising funds from investors. The price is Ethereum’s block gas limit or maximum block size.

The Last POW Block” NFT is being auctioned on OpenSea, where it has already attracted a bid of 10 ETH, or $16,118.10 at today’s price. The final block also includes a message: "You make the commitment and nature will respond to that commitment by removing impossible obstacles. Dream the impossible dream and the world will not grind you under, it will lift you up. This is the trick.". Not only does block 15537393 represent a real piece of blockchain history.

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2022-09-15 09:37:02 ‘WAGMI’ Is Dead: Pplpleasr, UnicornDAO, TIME President Weigh in on NFTs

At a Tuesday panel on the “Future of NFTs” at SALT New York, speakers offered takes ranging from jaded and blunt to hopeful on the impact of the Ethereum merge on NFTs and what the future of NFTs might look like. The panel featured TIME President Keith Grossman, Emily Yang (aka Pplpleasr) of pleasrDAO, Nadya Tolokonnikova of Pussy Riot.

Ethereum network will move to proof-of-stake—Caldwell doubts it will have much of an impact on the NFT market. While Caldwell said “anything on Ethereum” would be considered “ESG-compliant” (environmental, social, and corporate governance) in a post-merge world, he implied that ESG is essentially a corporate talking point. In his view, “artists and creators” are the ones who actually care about the environmental impact of cryptocurrency.

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2022-09-14 09:09:16 Lamborghini presented the first part of their On My Mind NFT collection

Base #NFTs will be released in just 1,963 copies at $196.30 each

Those who collect 4 NFTs from all series will receive limited silver and gold #Lamborghini puzzles

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2022-09-14 07:11:02 Ripple’s XRPL NFT plan on hold as developer finds fault in proposal

Any hope of non-fungible tokens (NFTs) being enabled on Ripple’s XRP ledger soon will have to wait as XRPL Labs lead developer Wietse Wind temporarily withdrew his vote in support of the development on Sept. 11. According to Wind, a setting that could allow malicious players to abuse minted NFTs was discovered.

The problem essentially is with the collection of royalties for minted NFTs. Normally, the issuer will get a percentage on every secondary sale of the NFT. But XRPL requires that the issuer should have a trust line. While this is good and prevents spamming, it could have dire effects on NFTs. The current XLS-20 specification has a flaw: if a flag is set on an NFT, a trust line would automatically be created for the NFT issuer. But the sale can happen without the issuer’s knowledge and, in that case, lock up the account reserve.

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2022-09-13 08:13:02 Pumping Parrots NFTs see 753% increase in sales volume with pyramid scheme model

Pumping Parrots NFT collection is in the news due to its marketing strategy, which many have described as a pyramid scheme. Unlike most NFT collections that market their utilities, Pumping Parrots markets itself as a pump-and-dump opportunity for collectors to make money before the merge.

While several stakeholders are critical of the collection’s strategy, its relative success is already inspiring copycat NFT collections. Another collection, Pumping Slimes, employed a similar 2x flipping playbook and described itself as the second biggest pump in the NFT space. At its launch on Sept. 12, the collection’s floor price rose to 0.0123 ETH with a volume of 9.5 ETH and 776 holders. However, its floor price has dropped to 0.032 ETH as of press time.

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2022-09-12 14:46:02 The metaverse will drive brand loyalty, but utility for users is essential

The “metaverse” — a vision for interconnected digital worlds opening up the seamless movement of data and value — looks to change the very fabric of the internet. This new digital frontier allows brands to engage with their loyal supporters directly by tapping into digital assets and experiences designed to promote loyalty.

Web3 technology, such as non-fungible tokens (NFTs), has already proven its benefit in promotional campaigns, with the likes of Coca-Cola and Kia harnessing this tech in various activations. However, the rise of the metaverse looks to bolster the potential of NFTs, bringing new experiences and content with it and unlocking new ways for brand names to engage with their supporters. By creating digital assets that offer unique perks to those who hold them, users will be incentivized to continually return and interact.

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2022-09-11 18:56:01 Big dislocation between #BTC    and #ETH funding rates happening over the weekend as more investors seem to be shorting ETH going into the Merge

Makes sense going into one of most binary moments in crypto history - if merge fails futures investors want to be covered

- KAIKO

Ethereum Merge Open / Comment

2022-09-07 10:56:02 Ethereum Domain Names Top NFTs as Most Traded Asset on OpenSea

ENS domains have taken the top spot as the number one collection on the NFT marketplace OpenSea. Driven by a 170% jump in sales over the past 24 hours, the Ethereum Name Service flipped the Bored Ape Yacht Club in seven-day volume. In the past week, ENS trading volume surpassed 2,305 ETH or $3.76 million.

Nearly 9,000 ENS domains changed hands in the last seven days, compared to 16 BAYC NFTs. But the ENS floor price—the lowest price for an item in a collection—is less than $16, or less than 0.01 ETH, whereas the lowest price of a BAYC NFT is 76 ETH or about $124,000. NFTs, or non-fungible tokens, are cryptographically unique tokens linked to digital and physical content, showing proof of ownership. According to OpenSea, there are over 508,000 owners of ENS NFTs with a total trading volume of 56.3k ETH.

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2022-09-06 16:47:02 NFT Viking Game Goes Under After Losing $800K In Crypto And Debts

Independent games studio Pixie Interactive have gone under after losing over $800,000 to crypto and tax-related debts. The studio, which adopted the tagline “bringing fun back to play-to-earn,” were in the midst of creating an NFT viking game. As reported by Martijn van Wezel, the studio invested a huge amount of money in LUNA.

The NFT viking game was in co-production with Northern Guilds and one employee has now come forward on Discord to explain what happened - noting that they were previously unable to do so due to NDAs and contracts. Funds were invested into LUNA and Pixie’s founders started the failed project NFTVault to try and raise funds. The studio continued to struggle to find investors and was facing massive tax bills. This resulted in the bankruptcy with the employee noting that “Pixie Interactive is dead.”

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