NFTs & DeFi 🗓

2023-05-17 20:52:01 China Takes Decisive Action Against NFT Market Scammers

Supreme People’s Procuratorate of the People’s Republic of China, the national agency responsible for legal prosecution, shared its thoughts on the non-fungible token (NFT) market in an article published online. The authors pointed out that the trend of “securitization” of NFTs, which refers to the shared ownership of one copy by multiple users, no longer corresponds to the criteria of non-reproducibility, indivisibility, and uniqueness. In addition, the prosecutors expressed their concern about the “inflation of prices” on NFTs, which has been triggered by the use of various marketing methods such as airdrops, blind boxes, and limited sales. The authors argue that the inflated prices of some non-fungibles are not backed by an “artistic beauty” and “reasonable pricing mechanism.” According to the procuratorate, marketing models such as rewards and dynamic rights and interests can also easily evolve into illegal pyramid schemes. The proposed reaction to these risks includes a “crackdown on criminal activities”, equal emphasis on punishment and governance, and investment in risk research and law popularization. The article suggests that it is the national prosecutors who will take on the mission.

NFTs | DeFi | News Open / Comment

2023-05-17 16:25:12 Assassin’s Creed NFT Smart Collectibles Hit the Market

Ubisoft — the powerhouse publisher behind hit game franchises Just Dance and Far Cry — is making considerable moves in the Web3 world. This time, joining hands with Reality Labs to mint limited-edition NFT ‘Assassin’s Creed Smart Collectibles’ on the Polygon network, with the public sale starting on May 16. Ubisoft and Reality Labs recently joined forces to create customizable, 3D-printed collectibles based on game franchises, including Assassin’s Creed, For Honor and Tom Clancy’s Rainbow Six. Linking physical keepsakes drawn from the widely popular action-adventure game Assassin’s Creed, the distinctive features of ‘Digital Soul’ NFTs offers buyers the chance to customize and claim a 3D-printed memento showcasing a hero from the game series shielded in a clear cube. Owners can cherry-pick a selection of weapons, outfits and stances before a physical keepsake of the character is printed and shipped. What’s more, the NFTs are obtainable in several rarity levels, with higher-tier NFTs offering a broader range of customization options for these tangible collectibles. One of the most exciting pointers of the Digital Soul NFTs includes incorporating a near-field communication (NFC) chip.

NFTs | DeFi | News Open / Comment

2023-05-17 10:25:09 Apple’s new headset could put a rocket under metaverse tokens

Apple is scheduled to release its highly-anticipated mixed-reality headset in the coming weeks, a development that some believe could breathe fresh life into the metaverse industry. This trend was pointed out in a May 15 tweet from independent developer Udi Wertheimer, who in a backhanded comment to the absurdity of influencer-driven memecoins, spoke of the upcoming release as a potential driver of metaverse token prices. That being said, the analyst cast some doubts that the launch of the new headset will be the “crucial moment” that would revive metaverse-related cryptocurrencies. It’s also worth mentioning that while many crypto market participants immediately correlate the concept of virtual reality with “metaverse tokens,” Decentraland is still in the process of building out its VR capabilities and The Sandbox previously told Cointelegraph it has “no immediate or future plans” to build out VR. Speaking to this point, Gilbert, like many others notes that a fully immersive metaverse experience is probably still a “long way off” especially when looking at the gap between the initial launch of the iPhone and the availability of apps.

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2023-05-17 04:25:04 Elizabeth Arden Enters Metaverse with Virtual Store

Beauty brand Elizabeth Arden, which expanded to all Ulta Stores last summer, has launched its first-ever immersive virtual store experience, created in partnership with experiential e-commerce platform Obsess. The fully shoppable experience is designed to delight and engage Elizabeth Arden’s more digitally driven consumer base by allowing customers to experience the brand’s products and learn about the woman behind the brand. “Elizabeth Arden has been a leading beauty industry innovator for the past 120 years and we are thrilled to launch our first metaverse shopping experience in partnership with Obsess,” said Martine Williamson, Global Chief Marketing Officer. “We are truly operating as an omnichannel business to evolve our customer experience and engage a whole new generation of shoppers about our products and legacy through digital storytelling.” The Elizabeth Arden virtual store experience brings the company’s history to life through interactive content and images that tell the story of its inspirational female founder, her impact on the beauty industry and the brand’s evolution.

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2023-05-16 20:41:01 Adani Saksham launches skill centre in Metaverse

Skill development project Adani Saksham on Tuesday said its Adani Skill Development Centre (ASDC) has become the world’s first skill centre to enter the metaverse, beginning by introducing two courses. Adani Saksham is the skill-development vertical of Adani Foundation and completes a seven-year milestone. Metaverse, ASDC is stepping into a phase where knowledge, skills, and technology converge to create an immersive educational experience through virtual classrooms. Recognising the national urgency in healthcare and safety standards, ASDC has prioritised courses like General Duty Assistant (GDA) to support the healthcare and hospital industry, and Fire Safety in the Metaverse. In due course of time, more courses will be made available in a similar manner, it added. With this milestone, the skill-development vertical of the Adani Foundation is furthering its mission of using latest technology to train future-ready professionals, according to the statement. With Metaverse, the statement added ASDC was stepping into an exciting phase where knowledge, skills, and technology converge to create an immersive educational experience through virtual classrooms.

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2023-05-16 16:14:01 Blockchain startup swappin.gifts releases its AGIFT NFT solution tied to Real-World Assets

Swappin.gifts is a blockchain-based Web3 platform that offers compatibility with a vast range of digital currencies and tokens, allowing users to buy gift cards for global brands and e-commerce stores. The platform features a vast selection of gift cards for everyday consumer products, including groceries, medicine, flights, hotels, car rentals, and food ordering. It supports all Web3 connected wallets on four major chains - Ethereum, Polygon, BNB Smart Chain, and Avalanche. swappin.gifts represents a major milestone in web3-based shopping and offers individuals the freedom to shop for everyday consumer products and gifts using crypto. "In the gift-card industry, we have pinpointed three primary concerns: extensive fraud, double spending, and pricing granularity. With our platform and the AGIFT NFT solution that is tied to real-world assets, we resolve these issues and offer a secure, efficient, and innovative method for businesses to manage their cash flows and provide additional revenue streams" continued Ariel R. Abramovsky."The launch of our new AGIFT NFT solution is unlocking a completely new and innovative approach for the entire e-commerce ecosystem via the gift card instrument.

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2023-05-16 10:14:01 NeoSwap AI Conducts World's First Smart Auction of Ordinals for Bitcoin, Unveiling a New Era in the NFT Space

NeoSwap AI is conducting the world's first Bitcoin NFTs (Ordinals) smart auction, in strategic partnership with Gamma.io. The event, which runs from May 15th to May 22nd, coincides with Bitcoin Miami 2023, marking a significant milestone for the blockchain and digital assets community. NeoSwap is sponsoring two significant conferences, Bitcoin Builders and Ordinals 2023, taking place in Miami on May 17th and 18th. These events, featuring a range of activities, underscore NeoSwap's commitment to innovation within the NFT space. The Ordinals smart auction will provide a platform for 15 select creators to showcase their unique artistry, designed to enhance visibility and foster engagement with potential collectors. On May 17, NeoSwap's CTO, Kuba Kwiecien, will participate in an Ordinals Technical Session at the Bitcoin Builders Conference. His talk will focus on NeoSwap's innovative solutions that facilitate seamless cross-chain transactions of Ordinals, thereby expanding the potential applications of these unique digital artifacts. The subsequent day will see NeoSwap's CEO, Dr. John Ennis, sharing insights on the potential of a circular smart economy on Bitcoin at the inaugural Ordinals Conference.

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2023-05-16 04:14:02 NFT Sales Surge 31% This Week as Bitcoin NFTs Secure Second Place in Blockchain Sales

Non-fungible token (NFT) sales witnessed a minor rise last week, registering a humble increase of around 1.46% compared to the preceding week. The cumulative value of NFT sales amounted to $149.31 million from April 29 to May 6, 2023. Nevertheless, the most recent week exceeded anticipations, as sales skyrocketed by 31.22%. Throughout the seven-day interval, NFT sales attained $208.17 million. The substantial rise in this week’s NFT sales can be credited to the appearance of NFTs originating from the Bitcoin blockchain. Bitcoin NFT sales have emerged as a key contributor in the digital collectible sales landscape, among 21 distinct blockchains as per cryptoslam.io data documented on May 14, 2023. Ethereum NFT sales continued to reign supreme with $111.26 million in NFT sales; however, the runner-up position was held by Bitcoin-based NFTs, also known as Ordinal inscriptions. Data demonstrates that Bitcoin NFT sales secured $53,433,451 and clinched the second-place position regarding blockchain sales out of the 21 chains. Bitcoin’s NFT sales leaped by 187.54% compared to the prior week. The ascent propelled Mythos into the third-largest rank considering top blockchains by NFT sales volume.

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2023-05-15 20:52:01 Manchester City's Alex Greenwood Drops Three Original NFT Trainers at OKX Collective Metaverse Exhibition

OKX, a world-leading Web3 technology company, together with Manchester City women's player Alex Greenwood, today launched an exhibition in the OKX Collective metaverse to showcase three original NFT trainers designed by Greenwood. The NFT trainers, which were designed collaboratively by Greenwood and NFT designer Nas, are focused on key traits that lead to success on the football pitch and in life. Entitled 'Adaptable', 'Calm & Patience' and 'Commitment & Passion,'. Visitors to the OKX Collective metaverse will be able to watch exclusive behind-the-scenes content on Alex and Nas's creative process while entering competitions to win prizes, including passes to team trainings, match tickets and much more. Fans will also be able to revisit the metaverse DJ set performed by Jack Grealish and Oliver Heldens as well as the instructive metaverse experiences with Manchester City Captain İlkay Gündoğan and defender Rúben Dias. OKX is a world-leading technology company building the future of Web3. Known as the fastest and most reliable crypto trading platform for traders everywhere, OKX's crypto exchange is the second largest globally by trading volume.

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2023-05-15 16:25:00 Milady Becomes Most Traded NFT Collection out There

The Milady NFT collection has recently skyrocketed in popularity, becoming the most traded NFT collection on the market. The sudden surge in interest can largely be attributed to Elon Musk, who inadvertently boosted the meme collection's popularity by posting a meme featuring Milady.As a result, numerous tokens attempting to capitalize on the Milady name have emerged, many of which have been involved in rupull schemes. According to data from IntoTheBlock, Milady's trading volume reached an impressive $5 million, with a peak of $10 million just the day before. However, the rapid decline in trading volume indicates that the rally may be short-lived as the hype begins to fade. This temporary surge serves as a reminder of the volatile nature of the NFT market, and it is important to conduct thorough research before investing in any digital asset. To safeguard their investments, users should thoroughly research any tokens or projects claiming to be associated with popular NFT collections like Milady.

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