NFTs & DeFi 🗓

2022-11-02 21:10:00 Solana-Based NFT Marketplace Exchange.Art Creates Royalties Protection Standard

Solana-based fine art NFT marketplace Exchange.Art has launched what it calls a “Royalties Protection Standard” that will enforce creator royalties on secondary sales of NFTs that originate on its platform, the company said Wednesday. Alex Fleseriu, CEO of Exchange Art, told CoinDesk. NFT marketplace X2Y2 dropped its royalty requirements, allowing users to contribute to artists at their discretion. In October, Solana-based platform Magic Eden followed with an optional royalties structure, and most recently, LooksRare stopped enforcing royalties, instead sharing a 25% protocol fee between the platform and artists.

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2022-11-02 16:14:00 NFT project Art Gobblers rakes in $13 million two hours after launch

The NFT-based decentralized art factory Art Gobblers raked in millions of dollars in ETH shortly after starting its mint. Art Gobblers brought in an ETH volume of 7,480 ETH, with 925 unique owners and a floor price of 11.25 ETH, according to the NFT data tracker Blur. That’s more than $13.4 million at the time of writing. Art Gobblers attempts to make a self-sustaining art creation ecosystem through financial incentivizing. Artists can use the drawing tool on the Art Gobblers web page to create art.

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2022-11-02 10:14:00 GameStop officially launches NFT marketplace

GameStop's NFT marketplace is live on Immutable X, a Layer 2 Ethereum scaling protocol. The video game stores’s business is in decline but it now stands to be a major player in the NFT gaming industry, rivalling crypto-native gaming NFT platforms like Fractal, founded by Twitch’s Justin Kan. GameStop’s marketplace will offer assets for Immutable X games, such as Gods Unchained, Guild of Guardians and Illuvium, in addition to other web3 games. All transactions will forgo fees and offer carbon-neutral minting using Immutable X’s Ethereum scaling.

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2022-11-02 04:14:00 Stepn founders' bright idea for its new NFT marketplace: compulsory royalties

Stepn developer Find Satoshi Lab is bucking the trend set by other NFT marketplaces with its own multi-chain offering called Mooar — with a zero-fee, compulsory royalty structure. Launched today, the venture is the third project in the FSL ecosystem after the move-to-earn darling Stepn and its decentralized exchange product, Dooar. Mooar debuts with what the business calls a "unique membership model," as it eschews platform fees in favor of an initial entry fee of $29.90 a month for unlimited NFT trades. For context, the fee is nearly double what you might currently pay for a standard Netflix subscription.

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2022-11-01 21:50:01 Open Metaverse Alliance Says It Won’t Let Meta Define the Future of the Internet

Metaverse will be open and interoperable—and whether it will be primarily built with blockchain technology—remains to be seen. That’s why an array of crypto builders and firms formed the Open Metaverse Alliance (OMA3) to provide Web3 creators a united front in developing standards to help push the immersive future internet in that direction. First revealed in July, OMA3 officially opened up shop today, as announced at the Web Summit in Lisbon.

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2022-11-01 16:25:00 Reddit NFTs Sales Surpassed $10mln

Reddit’s NFT adventure could not have begun with more excitement. On October 31, less than three months after its introduction, the top social media news aggregation platform’s NFTs (digital collectable avatars) reached a total revenue of $10 million. The substantial increase in sales volume follows the 20th of October debut of the platform’s second collection of Reddit collectable avatars. Reddit debuted its Polygon-powered NFT platform and vault wallet in July, enabling users to exchange and preserve NFTs avatars.

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2022-11-01 10:25:01 Zebra Labs raises $5M to help Chinese celebrities enter the metaverse

Chinese pop-punk singer Wowkie Zhang released a music video where he encounters a virtual character in a hyper-colored, animated world that is reminiscent of Pixar films. The avatar, sporting Gen-Z-styled silver hair, a yellow and black oversize sweat, and baggy pants, makes hip-hop moves to Zhang’s catchy, light-hearted tune. The virtual character isn’t a one-off creation; instead, Zebra Labs, which produced the video, is turning him into a piece of reusable intellectual property that can be bought as NFTs on marketplaces and appear in other virtual occasions like video games. The startup is waiting for the bull market to return to launch the NFT project, Scarlett Li, founder and CEO of Zebra Labs.

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2022-11-01 04:25:00 BookyCon to Host Bestselling Authors in the Metaverse

Booky Call, a free book discovery platform cleverly disguised as a dating app, is hosting BookyCon, the world's largest virtual book festival Nov. 12. Held in the Metaverse, the festival will feature hours of author interviews, meet-and-greet opportunities, book club lounges, user discussion areas and exhibit booths. Participants will be able to interact with authors, industry insiders and leaders of virtual book clubs as they guide their avatars around the virtual convention space. They can visit a virtual bookstore, purchase merchandise, join a book club discussion at a virtual bar, test their knowledge and trivia and engage in fireside meet-and-greets after hearing speakers on one of seven stages.

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2022-10-31 20:10:00 Metaverse Project WeMade Put on 'Caution' List in South Korea After Releasing Inaccurate Token Data

WeMade, a South Korea-based gaming and metaverse project, was put on an “investment caution” list by the country's crypto exchanges after releasing figures that misrepresented its token supply. WeMade said it accidentally left some tokens out of the calculation. WeMade said in a Sunday post that it accidentally left out additional tokens issued to partners and funds that were meant to increase participation in the WeMade ecosystem. UpBit said it would continue to review the tokens and could end support for transacting in wemix if any untoward activity regarding issuance was found.

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2022-10-31 16:14:01 The Top 5 NFT Marketplaces Surpass $40 Billion in All-Time Sales

While non-fungible token (NFT) sales have slipped since the start of the year, the top five marketplaces, in terms of the largest number of all-time sales, have reached more than $40 billion. Moreover, the NFT marketplace platform Opensea captured over $32 billion worth of sales as the NFT market platform currently dominates the top five NFT marketplaces by 79%. During the month of October, the top five NFT marketplaces surpassed the $40 billion mark, in terms of all-time sales, with approximately $41.36 billion on Oct. 29, 2022. The largest NFT marketplace in terms of sales was Opensea as it nears the $33 billion range with $32.76 billion recorded on Saturday.

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