NFTs & DeFi 🗓

2023-04-12 10:25:00 Fidelity International Launches Metaverse Experience, Developed by TerraZero Technologies

TerraZero Technologies, Inc. ("TerraZero"), a technologies products and services firm and in-house creative studio, in collaboration with Fidelity International ("Fidelity") has completed and deployed a 64-parcel activation to the Decentraland Metaverse, marking Fidelity's first major step into the Metaverse and Web3 together. The new Metaverse experience within Decentraland aims to encourage financial literacy and educate. Brandon F. Johnson, Co-COO and Chief Experience Officer at TerraZero sees these virtual environments as technologies which can intervene where more attention is needed, "Fidelity International is bringing financial literacy to young people, creating opportunity for equity and equality for future generations. This experience and those which follow will serve as a global point of entry for people who want to set themselves up for success. This is a genuine instance of intervention where modern education models have lacked for decades. If we're going to truly change the world for the better, let's democratize access to resources which can help people succeed not just tomorrow, but for their entire lives."

NFTs | DeFi | News Open / Comment

2023-04-12 04:25:00 Floki Launches Easter Event in Valhalla NFT GameFi Metaverse

Happy Easter celebrations from Floki to all Valhalla Non-Fungible Token (NFT) GameFi players! The protocol is rewarding users for their efforts in the PlayToEarn (P2E) game. Floki shared a tweet with users on April 8, urging Valhalla enthusiasts to prepare their Veras for the big event on April 10. According to the information from the MemeFi platform, users stand a chance to earn from a prize pool of $30,000. Valhalla is Floki’s P2E product, featuring A-level blockchain gaming mechanics. The game comprises on-chain gaming interactions and NFTs that users can upgrade. Veras are in-game characters that players utilize to earn FLOKI tokens while playing the game. Players can communicate and encounter one another with their Veras in the Valhalla metaverse. Floki Inu began with a tweet from Elon Musk. When the billionaire announced he would name his Shiba Inu puppy Floki, it created a deluge of ‘Floki’ dogcoins. The most successful of these is Floki Inu. Floki Inu is currently the market's third most popular meme token, behind Dogecoin and Shiba Inu. It is backed by a community of committed enthusiasts and a strong marketing campaign.

NFTs | DeFi | News Open / Comment

2023-04-11 20:31:20 World Metaverse Council is strategic partner for Riyadh event

The World Metaverse Council is a strategic partner for the upcoming Metaverse Discovery event in Riyadh, a groundbreaking gathering that will take participants on an immersive journey into the Metaverse. To be hosted at the Crowne Plaza RDC Hotel on June 8, the event will also celebrate the innovative contributions of organisations across the globe to the development of the Metaverse. Chris Fountain, CEO of the organising committee for Metaverse Discovery and the World Metaverse Awards, commented: “The Metaverse opens up a world of limitless possibilities. As increasing numbers of organisations are embarking on their own Metaverse journeys, new standards of excellence are continually being set. We believe now is the time to recognise and reward excellence within the Metaverse space and are excited to celebrate the best in global digital talent through the inaugural edition of the World Metaverse Awards in Riyadh.”. The Metaverse Discovery conference and World Metaverse Awards will be presented in association with the World Metaverse.

NFTs | DeFi | News Open / Comment

2023-04-11 16:14:02 NFT dealing platform LooksRare might reduce its trading fees to 0.5%

LooksRare, a Non-Fungible tokens (NFTs) market, announced on April 6, 2023, that it has developed its existing version by including new features and reducing its cost by 75%, stated Cointelegraph. As reported by Cointelegraph, LooksRare initially charged two percent per trade, which now had been reduced to 0.5%. It is expected that it will be allowing its users to save about 30% on gas fees by including gas-efficient contracts. Sources revealed now the sellers will receive Ether rather than using wrapped Ether (WETH) and the use of smart contracts might allow bulk selling and buying of orders. It is believed now that users can buy an NFT with one wallet and send it through another, added Cointelegraph. Furthermore, it is expected that the new features of LooksRare may create a challenge for its competitors such as Blur and OpenSea, Cointelegraph concluded. Sources revealed now the sellers will receive Ether rather than using wrapped Ether (WETH) and the use of smart contracts might allow bulk selling and buying of orders. It is believed now that users can buy an NFT.

NFTs | DeFi | News Open / Comment

2023-04-11 10:14:02 NFT Aggregator Market Heats up as OpenSea Pro Overtakes Blur

Having lost its title as the world’s most popular NFT marketplace to Blur in February, Opensea has launched a major counteroffensive. When using the relaunched aggregator, users are able to browse listings from over 170 NFT marketplaces, including OpenSea. It also equips them with aggregated cross-market data and a suite of tools. Designed to help collectors and traders optimize how they buy and sell NFTs. Significantly for OpenSea, the recent relaunch appears to have been well received by the community. Two key metrics of platform use — daily active users and new wallets created — spiked significantly throughout the week. From a 54.8% share of all NFT aggregator users on Monday, by Saturday, Blur’s share had declined to 27.%. Meanwhile, OpenSea Pro saw its daily user base surge from 18% to 57% of aggregator users in the same time period. The Drop is a way to reward Gem’s early adopters. Anyone who bought an NFT on Gem before March or the end of March is able to claim a free Gemesis NFT between April 4 and May 4.

NFTs | DeFi | News Open / Comment

2023-04-11 03:14:02 President of Ukraine Signs First-Ever NFT in the Country to Support its Military

According to a recent tweet from Iryna K, a Web3 Community Builder, President Volodymyr Zelenskyy of the Republic of Ukraine has signed the first Non-Fungible Token (NFT) in Ukraine. The approved NFT goes by the name UACatsDivision. The heroic cats of the Ukrainian Armed Forces are being honored through the UACatsDivision, the first-ever national NFT collection created in collaboration with the Ukrainian government. The Ukrainian government has invested in this NFT collection to support its military and armed forces. The proceeds from the sale of the NFTs will be used to purchase weapons and assist the country’s armed forces. This investment aims to bolster the nation’s security and ensure its military is well-equipped to defend against potential threats. Investing in this collection underscores the government’s commitment to strengthening the nation’s defense capabilities and supporting its military personnel. Ukraine’s foray into NFTs is the latest example of governments turning to digital assets to finance their operations.

NFTs | DeFi | News Open / Comment

2023-04-10 20:14:03 LFGSwap Announce New IDO for Wolf of Wall Street NFT Token

LFGSwap Decentralized Exchange (DEX) has announced the introduction of a new $WOW token backing its Non-Fungible Token (NFT) collection, Wolf of Wall Street. Following the introduction, the multichain DEX will launch an Initial DEX Offering (IDO) for the NFT token shortly. The $WOW token is specially designed for the NFT collection. According to LFGSwap's Medium publication, the aim of creating the $WOW token is to empower Wolf of Wall Street NFT. The $WOW token, when launched by the DEX, would be utilized by users for NFT customization, single staking, LP staking, and more. The token will also give users access to premium IDOs, yield farming opportunities, and governance rights. LFGSwap will give out 50% of the token to users via the IDO and use the remainder to develop its ecosystem while creating wealth opportunities for everyone. The $WOW IDO is the first on the DEX and will adopt the overflow method, allowing users to contribute any amount of its native $LFG token. The IDO will go live on LFGSwap's launchpad from April 12 to April 15 at 7:00 UTC, and $WOW trading will open on April 15 at 9:00 UTC. The DEX will release 100% of the tokens, as there is no vesting period.

NFTs | DeFi | News Open / Comment

2023-04-10 16:14:02 APE Token Staking in NFT Pools Puts Investors at Risk, Says PeckShield

PeckShield, a blockchain security company, has issued a warning to users staking APE tokens in NFT pools after an exploiter bought a Bored Ape Yacht Club (BAYC) NFT and received staked APE associated with the sold NFT. Staking is a popular way for users to earn rewards by locking up their crypto assets in smart contracts. However, in the case of staking APE in NFT pools, there is a risk that the staked tokens can be lost if the associated NFT is sold. Notably, the exploiter with a wallet address initials “0x06800a” received 14.3k APE tokens of approximately $60k after buying BAYC 7810. The warning from PeckShield reminds users to be cautious when investing their crypto assets in NFT pools and to thoroughly research the mechanisms behind these investments. On the other hand, users of the SushiSwap protocol have been advised to reverse approvals or move their funds to a new wallet following a bug in the SushiSwap’s RouterProcessor2 contract. PeckShield captured the incident earlier today, stating that over 1,800 Ethereum tokens worth over $3.3 million have been lost.

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2023-04-10 10:14:03 Mintoo, PDAX team up to launch Pinoy artists in metaverse

A collaboration between Mintoo and the Philippine Digital Asset Exchange (PDAX) led to the launching of a new digital art collection for its Artist Series dubbed as “New Horizon.” The collection features a slew of thoughtfully-curated digital art masterpieces made by established and emerging Filipino NFT artists. PDAX CEO Nichel Gaba said these new digital assets will revolutionize their market as the country’s top cryptocurrency exchange app. “As a cryptocurrency exchange, we’re always looking for ways to innovate and provide our users with new and exciting opportunities. Having Mintoo on the PDAX app will expand our offerings to include digital collectibles and provide Filipinos with the tools and resources they need to participate in this market. This is something which is very timely since we believe that this new technology is on the verge of revolutionizing the way we think about ownership and value,” said Gaba. Meanwhile, Mintoo, a home-grown digital collectibles marketplace, saw the opportunity to help Filipino artists to enter and connect with the growing NFT industry.

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2023-04-10 03:14:03 NFT Marketplace Looksrare Launches Version 2, Cutting Protocol Fees by 75% and Introducing Bulk Purchases

Looksrare, the non-fungible token (NFT) marketplace, has launched version two, also known as v2, which reduces protocol fees by 75%. According to statistics from Dune Analytics, Looksrare was the tenth-largest NFT marketplace in terms of trader count during the past week. NFT marketplace Looksrare announced the launch of version two (v2) on April 6, 2023. One of the significant changes is the reduction of Looksrare’s fees by 75% with v2. According to stats from Dune Analytics, Blur and Opensea traders dominate the market in terms of traders and market share in volume this week. Looksrare is the tenth-largest NFT marketplace in terms of traders and volume this week, according to metrics from Dune Analytics and Dappradar. Looksrare claims that users can save “~50% on gas fees compared to other marketplaces like Blur, and ~30% on gas fees compared to Looksrare version one.” In addition, Looksrare v2 will use ethereum (ETH) instead of wrapped ethereum (WETH). With Looksrare v2, users can make bulk purchases by adding “70+ NFTs to your cart.”

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