NFTs & DeFi 🗓

2022-09-03 22:45:10 Creators of the Otherside Metaverse Drop New Teaser Video Featuring Creatures Called Kodas

Yuga Labs, the creators of the popular Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and Bored Ape Kennel Club (BAKC) non-fungible token (NFT) collections, has released another video clip showcasing the Otherside metaverse. The second Otherside trailer features characters called “Kodas” and the development team says “the story continues later this Q4.” The second trailer is somewhat of a backstory before the BAYC dubbed “Curtis” steps through the portal, while the Doors song “Break On Through” plays. The 2-minute clip features a character called a “Koda” and one of them equipped with a sword is filling up a jar with some kind of foreign liquid.

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2022-09-03 17:10:06 FIFA Embraces NFTs Tied to Classic Games Highlights for World Cup 2022

Soccer’s governing body FIFA has chosen the occasion of the 2022 Qatar World Cup to launch an NFT-based (non-fungible token) collection of classic clips from the history of the international soccer tournament. FIFA+ Collect will launch later this month and allow soccer fans to own and trade “moments in time” featuring the greatest goals. The FIFA World Cup NFT clips will be connected to the Algorand blockchain as part of a deal cemented back in May to be a Qatar 2022 blockchain partner and wallet provider.

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2022-09-03 09:20:03 New Canvass to launch NFT collection on Polygon

New Canvass has revealed plans to initiate its forthcoming NFT and Social token drop for its Lustration Project on the Polygon blockchain. Polygon confirmed this development in a blog post today while unveiling the token as $LSTR. According to the post, the Lustration project drives a popular animation VR series in the fictional afterworld known as ‘The Between.’ The post describes the fictional story of Lustration as a modification of comical contents with a unified name. Polygon confirms that the story will be written and directed by the producer of Australian First Nations, Ryan Griffen. The project attracted good attention during its first season, which was shown on Meta Quests HMDs, after a world premiere at SXSW 2022.

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2022-09-03 02:55:03 The Continued Unraveling of Mark Zuckerberg’s Malicious Metaverse

The good news is that we’re getting a lot of free entertainment out of Mark Zuckerberg’s attempts to be “the face” of this dead-end transition, and the past few weeks have seen some real highlights, culminating with a transcendently embarrassing appearance on Joe Rogan’s podcast last week. The past few weeks have been particularly brutal for Zuckerberg’s grand ambition to create a Second Life mod in which everyone is a double amputee. The current (far from first) wave of embarrassing flubs kicked off on August 17 when Zuckerberg posted a “selfie” from Meta’s Horizon World’s rollout in France.

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2022-09-02 21:43:01 ConsenSys to Launch 'Sustainable' NFTs Celebrating the Ethereum Merge

The merge is cause for celebration,” ConsenSys announced on Thursday. And to kick off the festivities, the blockchain firm will release “one of the first sustainable NFT drops on the Ethereum mainnet” called Regenesis. ConsenSys partnered with artist Chris Skinner and animation firm Keithcity Group to design the collection. ConsenSys is one of 22 strategic investors in Decrypt. The collection’s primary theme, sustainability, will showcase Ethereum’s “ambitious re-architecture” of the Web3 world as well as its purported “2000x” improved efficiency.

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2022-09-02 14:25:08 FASB crypto accounting rules to exclude NFTs, some stablecoins – WSJ

The Financial Accounting Standards Board (FASB) will not include NFTs and some stablecoins in its crypto accounting review, The Wall Street Journal reported on Aug. 31, citing sources. According to the report, the FASB rule will cover digital assets that are intangible, fungible, and don’t carry any contractual rights to cash flow. NFTs will be excluded from the rule because they are nonfungible and sometimes carry rights to underlying goods and services, while some stablecoins are tangible assets. Companies and investors holding digital assets have repeatedly clamored for more clarity on accounting for crypto assets in their portfolios.

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2022-09-02 08:22:54 NFT trading volume on OpenSea drops to 1-year low as crypto winter strikes

As concerns about the possibility of a market bubble mount, OpenSea, the world’s largest non-fungible tokens (NFTs) marketplace, has seen a significant decrease in the daily quantities of its trades. Notably, trading volume on the NFT marketplace fell as low as $10.05 million as of August 26, the lowest since July 2021, marking a one-year low as the effects of the crypto winter take hold. According to the most recent data from DappRadar shows that volume had marginally improved to $13.49 million as of August 30. Interestingly, this volume is a big difference from that seen in May 2022, when NFT trading volume on OpenSea surged as high as $405 million.

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2022-09-02 02:40:04 No Monkey Business for Bored Apes as Token Collection Hits All-Time High

The Bored Ape Yacht Club non-fungible token (NFT) collection has hit a new all-time high, according to data from Dune Analytics. The floor price of the record-setting NFT collection from Yuga Labs reached 176.989 ETH, according to user analysis. The analysis also revealed that BAYC reached a two-month-high in terms of median price, at 440.51 ETH. In contrast, the median price for rival NFT collection CryptoPunks reached a two-month low, at 33.73 ETH. With $2.4 billion in total sales, BAYC managed to surpass CryptoPunks earlier this week by achieving the top spot in overall sales. Comprising 10,000 unique NFT digital collectible ape avatars, BAYC did not perform especially well after initially launching in April 2021.

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2022-09-01 21:13:22 Andreessen Says Its 'Can’t Be Evil' NFT Licenses Will Help Avoid Legal 'Ambiguity'

Many popular NFT projects—most notably the Bored Ape Yacht Club—grant holders the right to use their owned images to create and sell derivative artwork and products. However, there are questions over whether such IP licenses are legally durable, or if creators have even misled buyers. Venture capital giant Andreessen Horowitz says it wants to help. The VC firm today announced the release of “Can’t Be Evil” NFT licensing terms that are available for any project creators to freely use. The licenses provide an array of different approaches for NFT projects, ranging from limited personal use terms to broader licenses that let anyone use the artwork for any purpose—even if they don’t own an NFT.

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2022-09-01 15:50:09 Kevin Rose’s Proof Raises $50M, Plots Token and Moonbirds NFT Expansion

Proof, the Web3 startup behind the Proof Collective NFT membership club and valuable Moonbirds NFT collection, made a bevy of announcements today during its Future Proof streaming presentation—including sizable funding, new NFT initiatives, and plans for a token. The firm, which was co-founded by Digg creator Kevin Rose. Announced that it has raised $50 million in Series A funding in a round led by VC giant Andreessen Horowitz. It follows a $10 million seed round from Seven Seven Six—the VC firm of Reddit co-founder Alexis Ohanian—which was announced in April following the hot Moonbirds launch.

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