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NFTs & DeFi 🗓

Channel address: @nfts_defi
Categories: Cryptocurrencies , DeFi , NFT
Language: English
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The latest Messages 71

2023-04-08 04:25:05
25% of NFT owners have a collection of 51 or more: CoinGecko Report

Crypto
data website CoinGecko has released survey findings indicating that most nonfungible token (NFT) holders own 51 or more NFTs. Those who only hold a single NFT comprised the smallest group among the respondents. Published on April 6, the CoinGecko report examined 438 responses from Dec. 2022 to Jan. 2023 in conjunction with Blockchain Research Labs. At least one in four NFT holders (26.5%) said they were “avid collectors” with 51 or more NFTs at the time of the survey. The report states this group likely represents people who are the most enthusiastic about NFTs. It was closely followed by holders holding between two and five NFTs (17.6%), with those who hold just one NFT accounted for a mere 4.8%. Despite 2022 seeing crypto enter a bear market, it still recorded the second-highest influx of new NFT collectors over the past five years, with just over 25% acquiring their first NFT during the year. Almost four out of every 10 people surveyed (38.8%) acquired their first NFT during the first bull market of 2021.

NFTs | DeFi | News
63.6K views01:25
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2023-04-07 20:25:11
Unreleased David Bowie Recording to Debut as Music NFT

David
Bowie—widely considered one of the most influential musicians of the 20th century—produced a prodigious catalog of 27 studio albums, 11 live albums, 4 soundtracks, and 128 singles. But it appears that the singer-songwriter, who passed away in 2016, still has one song left to sing. On Thursday, Gala Music, an offshoot of Web3 startup Gala Games, announced a partnership with music producer Larry Dvoskin. On April 14th, 40 years to the day after “Let’s Dance” originally debuted, Gala Music will release 3,003 NFTs, each featuring a piece of Bowie-inspired artwork, that will unlock the holder access to the unheard version of “Let’s Dance” that Dvoskin produced with Bowie in 2002. Dvoskin described the track in a statement as a “more dreamy, electronic” version of the smash song, which remains one of Bowie’s most popular tracks ever released. The music producer and songwriter has long wished for the song’s revamp to see the light of day. With the 40th anniversary of the release of “Let’s Dance” approaching.

NFTs | DeFi | News
61.4K views17:25
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2023-04-07 16:14:01
BMW sets industrial metaverse benchmark

BMW
has created a digital version of its upcoming electric vehicle (EV) facility in Hungary, in a move that exploits the value of the much-hyped metaverse for large manufacturing projects. This so-called ‘digital twin’ allows for full-scale testing in a sandbox environment, identifying and solving potential issues with the factory — from floor layouts to validating the assembly process — before their physical counterparts are created. The project, which was unveiled on March 21, has allowed the German automaker to start producing virtual EVs at a simulation of its €2bn plant in the city of Debrecen, which is still under construction. The plant is expected to be fully operational, with the first Neue Klasse EVs rolling off the production line, in 2025. While automotive, aerospace and energy companies have worked with digital twins of individual products for years, a sophisticated ecosystem like BMW’s that shows an entire working facility, and allows interoperability between different digital twins, applications and 3D worlds was not possible before the metaverse.

NFTs | DeFi | News
66.4K views13:14
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2023-04-07 10:14:02
OCBC stepping into the metaverse for next-gen customers

Oversea
-Chinese Banking Corporation (OCBC) O39% becomes the first local bank to launch its own metaverse experience as an avenue to acquire young prospective customers. Called OCBCx65Chulia, it is built off Decentraland, a 3D virtual world browser-based platform. It is the 43rd iteration of the product since the idea arose from an internal innovation sprint in 2021 as part of the bank’s digitalisation and transformation efforts. OCBCx65Chulia was built by an in-house technology team at OCBC, together with Web3 firm Memotics, which specialises in creating dynamic and social spaces through digital architectural design. It is named after the location of the bank’s headquarters. Speaking at the media launch on April 5, OCBC’s head of group technology architecture Peter Koh says that the bank’s venture into the metaverse was their effort to have a presence in the virtual world. It is free to the public, including non-OCBC customers, who want to learn more about the bank’s latest products and services.

NFTs | DeFi | News
57.2K views07:14
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2023-04-07 04:14:01
OpenSea User Mistakenly Bids 100 ETH For Free NFT

NFT
trader inadvertently paid a whopping 100 Ether for a free NFT from OpenSea’s Gemesis NFT collection. At current market rates, this translates to a staggering $191,239, which represents a mind-boggling 250,000% increase from the floor price of 0.04 ETH. The trader, who may have intended to bid $100, accidentally placed a bid of 100 ETH instead. Some have suggested that this sale was a result of wash trading. OpenSea Pro, the platform tailored to professional NFT traders, boasts a vastly improved suite of features, including live cross-marketplace data and advanced orders. Since OpenSea’s acquisition of NFT aggregator Gem, the platform has been refined to create OpenSea Pro. Eligible users who purchased at least one NFT on Gem prior to March 31 can mint a Gemesis NFT until May 4. The world of NFT trading, which has seen a surge of interest in recent years, despite its controversial reputation. It is fascinating to see how a seemingly small mistake can have such a significant impact on the value of an NFT.

NFTs | DeFi | News
49.0K views01:14
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2023-04-06 20:25:11
Reddit’s Gen 3 NFTs Bring Cutting-Edge Innovation To Polygon

In
July of 2022, non-fungible token (NFT) avatars were first introduced to the public. These avatars were created to empower artists to create and sell their work. Only a month later in August of the same year, the avatars were made available to the public, and they were an instant success. Thousands of dollars in sales were generated for the artists who created them. Recently, on April 5th, Reddit deployed the contract for the Gen 3 avatars on the Polygon blockchain, which resulted in various users predicting that the avatars would sell out within minutes. This level of excitement has led to much discussion on Reddit, with many collectors expressing their thoughts on the much-anticipated drop. One collector who participated in collecting the first and second generation of avatars expressed their excitement and mentioned that the new drop has the potential to be sold out within minutes. Meanwhile, other users praised Reddit’s marketing.

NFTs | DeFi | News
18.8K views17:25
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2023-04-06 16:14:02
Latest Version 10.28 MetaMask Plug-in Wallet Will Support NFT View

MetaMask, one of the most widely used web3 wallets, is making significant strides in enhancing the browser extension’s capabilities for non-fungible tokens (NFTs). The Metamask extension now finally supports NFT. This feature is available in version 10.28, and you will see a 3rd tab after the update. It relies on a test flag that you will be asked to enable to detect your NFT automatically. The user interface looks similar to the mobile app. Users were previously forced to use risky platforms like OpenSea or communicate with complicated smart contracts in order to transfer their NFTs. The new upgrade allays these worries by enabling users to send NFTs through the MetaMask browser plugin directly to the ledger or to a buddy. While no specific timeline has been provided, the wallet plans to allow users soon to deposit ERC-1155 tokens in the extension. This update will further enhance the utility of the wallet for NFT enthusiasts. This update improves the overall user experience and levels the playing field against newer wallets and mobile competitors.

NFTs | DeFi | News
29.3K views13:14
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2023-04-06 10:14:02
NFT DEX Collection.xyz Official Launches On Ethereum With 0% Protocol Fees

Collection.xyz’s NFT decentralized exchange (DEX) protocol has finally deployed on the Ethereum mainnet, two months after it debuted on the Goerli testnet. Users may construct liquidity pools using NFTs and ETH to automate buying and selling NFTs without middlemen on a simple app interface using automated market maker functionality. Collection.xyz, like DeFi protocols such as Uniswap or Curve, has liquidity pools and automated. Automatic market makers, which facilitate the buying and selling of assets without the need for middlemen, are a major advance in the development of decentralized exchanges. Users contribute NFTs or ETH to these pools in exchange for tokens. This technique, in turn, enables traders to automate the acquisition and selling of NFTs in bulk without the need for middlemen. Collection.xyz also provides customizable trading options, such as the ability for traders to choose which NFTs they want to accept. Users may also search the collection for particular NFTs ID numbers. Collection.xyz has previously created community-based ventures.

NFTs | DeFi | News
44.6K views07:14
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2023-04-06 04:14:01
Papa Johns Will Issue Its First Pizza-themed NFT Based On Polygon

OneRare
, the gamified self-proclaimed gourmet metaverse, said on Friday that Papa Johns is offering NFTs for the first time in the metaverse. This is OneRare’s first relationship with a national business, and it will formally debut on Tuesday, with pizza-themed NFTs available for minting internationally. The first NFTs launch is in collaboration with Papa Johns United Arab Emirates, but gamers will be able to collect them everywhere. Fans of Papa John’s will be able to buy digital replicas of three of the company’s iconic foreign pizzas, which will eventually be able to be converted into real-life prizes. The NFTs will represent three popular pizzas sold mostly in the Middle East, notably the UAE, but will be mintable internationally. Gamers may gather digital ingredients to make virtual copies of the Super Papas pizza, Spicy Chicken Ranch pizza, and vegan Sheese Garden Special pizza. Papa John’s is dedicated to researching cutting-edge technology such as NFTs and Web3.0. According to Tapan Vaidya, the company’s CEO for the UAE, Saudi Arabia, and Jordan regions, this alliance will put their brand at the forefront of the industry.

NFTs | DeFi | News
54.2K views01:14
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2023-04-05 20:52:02
NFT marketplace OpenSea aims to claw back Blur’s gains with 'Pro' platform

The company that long held the title of the world’s biggest NFT marketplace will see if its new offering can help it regain its dominance — Upstart marketplace Blur recently overtook OpenSea as the leader in total volume as measured by U.S. dollars. Blur offered a tantalizing incentive program featuring low fees, airdrops and token incentives in order to woo traders; the strategy quickly ate into OpenSea’s market share. OpenSea has integrated Gem into its Pro product. “Building on previous Gem designs, we’re excited to roll out a vastly improved suite of features that will allow collectors to discover the best deals and insights across 170 marketplaces and access sophisticated tools that meet their need for automation,” the company said in a statement. Still the leading marketplace by number of active traders, according to The Block research, OpenSea acquired NFT aggregator service Gem last April. Gem allows traders to buy and sell NFTs across multiple marketplaces. The Block research analyst Brad Kay isn't convinced OpenSea’s latest push will be enough to put a serious dent in Blur's gains.

NFTs | DeFi | News
71.2K views17:52
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