W3 Metaverse • DeFi • NFTs

2022-11-16 21:07:02 The creator of BAYC, MAYC, Otherdeeds, and BAKC, who acquired Cryptopunks and Meebits, has joined in on the heated debate about NFT creator royalties and proposed a community-governed allowlist.

With the new proposal, free wallet-to-wallet transfers are a must! As the allowlist model will let creators only approve secondary trades through marketplaces that honor royalties by enforcing a code into the smart contract and only approving sales where creator fees are allowed.

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2022-11-16 11:07:02 Metaverse community with 3M users adds utility with FIFA World Cup 2022 collaboration

Metaverse definitions are widely disputed. So it’s not surprising that most of the world is confused. Is there just one digital world or are there many? Will the metaverse supplement the real world or will it be the physical world supplementing the digital one. Unfortunately, despite so many questions circulating about the metaverse, looking at the current landscape.

At present, many projects are looking at metaverse hype, in general, as an opportunity to attract users into their online community with short-term incentives like money-making opportunities and flashy digital collectibles. Therefore, despite users needing to learn what the metaverse is and how it will benefit them, most are still joining these projects out of curiosity.

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2022-11-15 19:06:02 Following the recent trend of many NFT marketplaces supporting zero royalties, the biggest player in the market OpenSea has introduced a new royalty structure.

Effective November 8, creators must add a specific code into the smart contract if they want to enforce royalties in secondary sales of their work.

However, the NFT community is on fire as the new structure took place. This would mean that a major chunk of the creator's income will disappear.

OpenSea has given itself until December 8, 2022, to come out with a firm stance regarding how it will address royalties enforcement for existing collections; and if OpenSea happens to take the 0% road, many artists are claiming that they would take their collection elsewhere.

Its worth noting that a recent October study by Galaxy Digital shows that a total of more than $1.8 billion in royalties were paid to Ethereum-based NFT collections.

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2022-11-15 11:05:03 OKX Wallets are now compatible with the FMEX Football Metaverse

FMEX Football Metaverse took to Twitter to announce its collaboration with OKX Wallet. According to the collaboration, users on the FMEX Football Metaverse can now connect their OKX Wallets to explore the ecosystem of the football metaverse. The agreement also enables customers to conduct crypto transactions.

OKX Wallet is a portal to Web3. It functions to expand its reach to the NFT world and decentralized applications while acting as a perfect wallet for cryptocurrency. While there are several cryptocurrency wallets on the market, OKX Wallet distinguishes itself by supporting Web3-centric applications of the next generation. OKX, despite appearing to be a standard cryptocurrency exchange platform.

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2022-11-14 17:06:02 The Argentinian superstar footballer playing for Paris Saint-Germain is joining Sorare NFT trading game as an investor and a brand ambassador.

With the help of Lionel Messi, Sorare hopes to set a new standard for connecting with fans and players as they work together to create new content and fan experiences.

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2022-11-14 10:06:07 Polychain-backed DFX Finance hacked for $7.5 million

DFX Finance, a decentralized exchange protocol for fiat-pegged stablecoins, reported that it was attacked at 2:21 pm ET. An unknown attacker siphoned approximately $7.5 million from DFX, according to estimates from security researchers at BlockSec. The DFX Finance team acknowledged the security exploit and said it has paused all of its smart contracts to contain the issue. “We were notified of the suspicious activity within 20-30 mins of the first transaction and executed a pause on all DFX contracts within a few minutes after confirming the attack,” it said. The remaining portion of the stolen assets — about $3.2 million — was extracted by an MEV bot in a front-running transaction, also called a sandwich attack.

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2022-11-13 10:00:18 DeFi Exchange Platform dYdX Places Solana in 'Close Only' Mode

Decentralized exchange dYdX placed Solana trades in “close only” mode, meaning users will only be able to close out their positions on the perpetuals exchange and not open new ones. DYdX cited “market volatility” as its reason for making the move. Solana’s SOL token fell precipitously today on the news that FTX, a crypto exchange that holds a major stake in Solana, has become insolvent. SOL is currently priced at $14.10, down 40% from $24 a day ago. DYdX is a “hybrid” decentralized exchange that uses code – rather than a central intermediary – to facilitate most of its operations. The platform facilitated $3 billion worth of transactions in the past 24-hours, making it the largest decentralized finance (DeFi) exchange by daily trading volume according to CoinMarketCap.

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2022-11-12 18:53:02 Wintermute-Backed Decentralized Exchange Bebop Launches on Polygon

Bebop, a decentralized exchange (DEX) backed by Wintermute, a well-known crypto market maker, has launched on the Polygon blockchain after being open for whitelisted traders on Ethereum over the summer. Bebop claims to stand out among its competitors because of its signature one-to-many and many-to-one token trading, which allows users to trade multiple cryptocurrencies in one trade and save up to 65% on gas fees. This is similar to what rollups do – they bundle multiple transactions into one to significantly reduce gas fees. According to Katia Banina, Head of Product at Bebop, launching Bebop on Polygon further reduces gas fees.

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2022-11-12 12:53:02 Line's new NFT unit LineNext shared that it has launched a customer-to-customer (C2C) marketplace on the DOSI NFT platform.

The new marketplace will allow users to trade NFTs on its DOSI platform using Metamask and offer a simplified transaction process. Users will be able to buy and sell NFTs with just a few clicks using Ethereum, credit cards, and Naver Pay as payment methods.

Line plans to develop the NFT business not only in Japan but also globally, both in Korea and the United States; to focus on expanding the NFT ecosystem.

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2022-11-11 19:15:05 The Chinese city of Wuhan first announced its plans to support metaverse and NFTs to boost its economy ruined by the coronavirus breakout and the pandemic.

However, as Chinese regulations involving the exchange of tokens or digital collectibles and NFTs are unclear at the moment, the city has decided to omit its "NFT" plans.

The city of Wuhan will still continue its metaverse and web3 plans and aims to foster more than 200 metaverse companies and build at least two metaverse industrial estates by 2025.

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