NFTs & DeFi 🗓

2022-09-01 10:25:05 An NFT Marketplace Is Letting Buyers Avoid Royalty Payments. Creators Aren’t Pleased

Royalty payments have become a cornerstone of the growing non-fungible token (NFT) industry, allowing artists to make money when people resell their work, venues to capture revenue on secondary marketplaces for NFT tickets and musicians to subvert streaming services in favor of more lucrative, blockchain-driven products. But there’s a problem: Royalty payments are only enforceable on a marketplace level, and not on-chain.

NFTs | DeFi | News Open / Comment

2022-09-01 02:30:22 Get ready for the feds to start indicting NFT wash traders

Securities and Exchange Commission regulators should move to protect investors from traders who distort the NFT market with manipulative trades — and they probably will soon. But that doesn’t stop them from trying, which makes it a glaring regulatory and enforcement issue for the industry. In wash trading, manipulators buy and sell an asset between themselves to create the appearance that the asset is in higher demand and, therefore, worth more than it would be otherwise. With NFTs, wash trading is fairly straightforward: Imagine an investor holds $1 million in Ether (ETH).

NFTs | DeFi | News Open / Comment

2022-08-31 22:25:10 Twitter brings back suspended NFTs accounts as Solana threatens to pause ad spend

Twitter suspended access to nine accounts associated with promoting nonfungible tokens, or NFTs, on the Solana (SOL) ecosystem. The move comes just ahead of the highly anticipated launch of the y00ts NFT collection, a follow-up to DeGods, the most popular NFT collection on Solana, this Friday. The said accounts have been reinstated and are accessible as of 12:00 pm EST. No official explanation was given as to why the accounts were suspended in the first place, or why they were reinstated shortly afterward.

NFTs | DeFi | News Open / Comment

2022-08-31 18:30:57 Limit Break’s DigiDaigaku NFT collection rises by over 100% as firm raises $200m

The floor price of Limit Break free mint NFT DigiDaigaku rose to 15.67 ETH after news emerged that its parent company raised $200 million in two funding rounds, according to nftgo data. According to the data, the 24-hour trading volume of the collection spiked by over 400% to reach around $4 million. Apart from that, its market cap also increased by 130% to reach $48 million. Limit Break, a Web3 gaming startup focused on building massively multiplayer online (MMO) games, raised $200 million in two funding rounds. The company announced this on August 29, revealing that Josh Buckley, Paradigm, and Standard Crypto led the funding rounds. The gaming startup was founded by Gabe Lydon and Halbert Nakagawa, who were both previously at Machine Zone.

NFTs | DeFi | News Open / Comment

2022-08-31 14:20:10 Bored Ape, Doodles, and Other NFTs Star in ‘Real World’ Metaverse Parody Show

It sounds like a regular day on Crypto Twitter: a Bored Ape Yacht Club avatar chats with a Cool Cat or Doodle, with World of Women or Robotos avatars in the mix, as well. But it’s also the premise of a new reality show parody called The R3al Metaverse, a show starring characters based on NFTs from those notable collections. It’s a scripted video series that begins with the premise of MTV’s The Real World—but instead of actors, the housemates are Ethereum-based NFT avatars. The R3al Metaverse hails from Invisible Universe, a tech startup that CEO Tricia Biggio described to Decrypt as an “internet-first animation studio.”.

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2022-08-31 06:40:05 Star-studded digital avatar startup Genies launches NFT fashion marketplace

Digital avatar startup Genies, known its for high-profile partnerships with celebrities such as Justin Bieber, Migos and Cardi B, has just released its long-anticipated NFT storefront, “The Warehouse.” Genies last earned a $1 billion valuation from heavy-hitting tech investors including Silver Lake and Mary Meeker’s. The Los Angeles-based company partnered with NBA Top Shot NFT creator Dapper Labs to develop the storefront on Dapper’s Flow blockchain and debuted it to a group of invite-only beta users in December last year, TechCrunch reported at the time.

NFTs | DeFi | News Open / Comment

2022-08-30 23:50:09 OpenSea Trading Volume Down 99% From All-Time High

Think the cryptocurrency market has it rough? Take a look at what happened to non-fungible tokens – aka NFTs. Data from DappRadar shows that trading volume at OpenSea – the world’s largest NFT marketplace – has fallen by 99% in less than four months. While the company contested the figure to some degree, it admitted that the substantial slowdown in activity is both real and expected. According to DappRadar’s statistics page, the daily trading volume of ETH at OpenSea peaked above $400 million on May 1st. By comparison, the platform only generated $5 million in ETH volume on August 28th.

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2022-08-30 17:20:06 Bored Ape Yacht Club (BAYC) Flips CryptoPunks in NFT All-Time Sales Ranking

Bored Ape Yacht Club has seen its sales outperform competitor projects such as Mutant Ape Yacht Club (MAYC), Art Blocks, Otherdeed, NBA Top Shot, Azuki, CloneX, VeeFriends, and Moonbirds. More importantly, BAYC’s $2.4 billion in sales volume has exceeded one of the most successful digital collectibles projects, CryptoPunks. Launched in April 2021, Bored Ape Yacht Club is comprised of 10,000 unique NFT digital collectible ape avatars. Like most NFTs, the project struggled in its first month generating just $37,557 in sales. There were 141 unique buyers and 176 total transactions.

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2022-08-30 11:55:07 The Sandbox Founder Sebastien Borget to Deliver 2022 European Metaverse Summit

Being held 27 October, Berlin, the 1st annual European Metaverse Awards will distinguish disruptors, innovators, and nimble giants in the Metaverse/Web 3.0, with a unique focus on the European ecosystem. Sebastien Borget, founder of The Sandbox, will open the Summit with a Keynote Presentation about the opportunities in the Metaverse for new and well-established brands, as well as emerging new business models, and revenue-growth strategies. The European Metaverse Summit focuses on Business Opportunities in the Metaverse, with a unique focus on actionable business.

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2022-08-30 07:50:03 NFTs Gaming CEO apologizes for losing 12% of startup capital through crypto trading

According to a recent blog post, 0xfanfaron, CEO of nonfungible tokens (NFTs) gaming project Ragnarok, apologized publicly for his missteps in leading the company. Ragnark is a crypto startup that brought in $15.5 million worth of Ether for gaming development in April through its first-ever NFT sale. 0xfanfaron further elaborated that he sold the firm's Ether positions through a series of trades with the plan to reinvest at a "better time." The venture led to $1.827 million in realized losses.

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