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2022-07-24 10:49:34 Metaverse | DeFi | Nfts | Trading pinned « Leading CryptoNews Channel Cryptocurrency Inside Crypto News Onchain analytics Market updates/insights https://t.me/Cryptocurrency_Inside No Subscription Fee Free of Advertising» Open / Comment

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2022-07-24 10:23:02 Minecraft ban ‘hypocritical’ and NFTs are inclusive: Animoca’s Yat Siu

Yat Siu, the co-founder of crypto/NFT venture fund giant Animoca Brands, labeled the recent Minecraft NFT ban as “hypocritical” and emphasized that nonfungible tokens (NFT) can be inclusive, despite arguments to the contrary.The firm stated that NFTs were against its values, as they foster price speculation, scarcity, exclusion and potential rug pulls.

Projects such as NFT Worlds were utilizing Minecraft’s open source servers to host a metaverse platform that had crypto and NFT ecosystems built around it. The project appeared to be relatively popular, given that it has generated more than $80 million worth of NFT trading volume and claims to have around 100,000 players. The Animoca Brands co-founder noted that he found it hypocritical that Minecraft would exclude a small portion of the user base, considering that the company’s stated that it values “inclusion”.

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2022-07-23 11:53:02 LinkedIn Founder Reid Hoffman Turns DALL-E AI Art Into Solana NFTs

Billionaire tech entrepreneur Reid Hoffman, best known for co-founding business networking platform LinkedIn, is releasing a series of Solana-based NFTs based on images he creates using OpenAI's DALL-E 2 artificial intelligence software.

Hoffman announced the initiative today on Twitter, noting that he would auction the first piece starting today on Magic Eden, the largest Solana NFT marketplace.The project, called Untranslatable Words, will span 11 pieces of tokenized images originally created via DALL-E 2, which generates art based on written prompts. The first piece in the collection, “mångata,” is up for auction and has a current top bid of 12 SOL, or about $517. The Swedish term means “the road-like reflection of the moon on water,” according to the Magic Eden listing.

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2022-07-22 16:43:02 Ethereum NFT Whale Loses $150K on a Meme Gone Wrong

Ethereum Name Service (ENS) names—effectively, domain names that point to crypto wallet addresses—are gaining value as desirable names sold as NFTs trade hands. But today, a noted NFT collector is down over $150,000 worth of ETH after a “joke” bid on an ENS name was actually accepted.

The pseudonymous collector Franklin, who owns 57 valuable Bored Ape Yacht Club NFTs, had registered the ENS name stop-doing-fake-bids-its-honestly-lame-my-guy.eth using an alternate Ethereum wallet on Tuesday, and then today placed a 100 WETH (Wrapped Ethereum) bid—that’s nearly $151,000 right now—on it using his main wallet. Today, however, Franklin sold that ENS domain to someone else for just shy of 1.9 ETH ($2,880), and tweeted in celebration of turning a profit.

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2022-07-21 21:55:15 Insights and Breaking News on Bitcoin and the whole ecosystem.

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2022-07-21 11:06:02 Cadbury Gems Enters The NFT Space With Philanthropic Intentions

Cadbury Gems proceeded into the world of Non-Fungible Token (NFT) collection through their new campaign. The campaign is called the Junior NFT campaign. The chocolate manufacturing company has decided on a blockchain collaboration with a philanthropic purpose.

Cadbury has also partnered with Save The Children through which the proceeds from the Non-Fungible Token sales will be donated to underprivileged children. This program is directed to help children to send them back to school and also ensure that children get access to educational equipment along with other necessary help. All the buyers will have the chance to purchase Non-Fungible Tokens through fiat money. From mid-July parents shall be invited to upload their children’s art directly onto the microsite.

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2022-07-20 16:33:02 CryptoPunk Sales Top Monthly Charts as Other Blue-Chip NFT Collections Slump

Over the past 30 days, CryptoPunks has recorded over USD 63m in sales volume, up by around 112%, according to NFT data aggregator DappRadar. The collection's floor price and market capitalization have also seen an uptick, rising by around 192% and 96%, respectively.

The renewed interest in CryptoPunks comes as the collection managed to attract attention with major sales. Last week, an NFT of this category sold for ETH 2,500, worth USD 3.78m at current rates, while another one sold for ETH 2,691 (USD 4m), marking the largest NFT sale of the last 30 days across the entire market. Meanwhile, other blue-chip NFT collections have not been as lucky as CryptoPunks.

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