NFT & Crypto Updates

2022-09-25 08:20:16 NFTs bring in-game ownership to a new level, says Blokhaus founder

NFTs improve interactivity by allowing users to unlock fully modular, community-driven in-game experiences to which they own the pieces, explains Mark Soares, the founder of Blokhaus Inc. Nonfungible tokens (NFTs) have taken the gaming world by storm. Whether it’s through limited edition collectibles, avatar enhancement or play-to-earn incentivization, digital assets have given in-game ownership a new meaning. The ways in which NFTs are available to players are becoming increasingly tangible. In the case of Blockxer, the latest blockchain game from Blokhaus Inc., every component of the game has been NFT-ized and available for modification by users. NFTs allow users to unlock fully modular, community-driven in-game experiences to which they own the pieces.

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2022-09-25 02:25:10 Apple's imposition of its app tax on NFT sales is abusive

Apple collects "up to 30% of the transaction": the app tax even exceeds 30% under certain circumstances, plus developers are increasingly forced to pay for Search Ads as Apple places ads even on individual app pages. Let's leave that for another day. All that matters here is that as long as NFT businesses are legal. Apple's impact on wide swaths of the economy becomes clearer every day. In the summer, venture investor Alex Gurevich said Apple's App Tracking Transparency might deserve as much blame for a recession as inflation as all sorts of businesses now face much higher customer acquisition costs.

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2022-09-24 19:20:12 Tyler Hobbs' Fidenza NFT Project Gets $1M Pump Over 48 hours

Fidenza, a generative Ethereum non-fungible token (NFT) project from artist Tyler Hobbs, has seen a sudden rise in popularity over the past few days, with one wallet snapping up eight Fidenzas for close to $1 million. A series of back-to-back purchases were flagged by Fidenza Bot, an automated Twitter bot that scans OpenSea. All of the NFTs were purchased by the same wallet – 808450 – and for much higher than their previous sales, seemingly out of the blue. For example, Fidenza #459 last sold for 0.29 ETH, or about $687, on June 11, 2021. Fidenza #726 last sold on June 14, 2021, for 1.2 wrapped ether (WETH) (approximately $3,098) and Fidenza #18 sold on July 15, 2021, for 8.5 ETH (approximately $16,294).

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2022-09-24 16:00:57 Many NFT projects lack adequate smart contract testing, says nameless founder

Jimmy McNelis, the founder of Web3 tech firm nameless, says there are too many nonfungible token (NFT) projects rushing to market without proper smart contract testing — potentially leading to millions lost. Speaking with Cointelegraph, McNelis suggested that a lot of NFT projects often rush to market without fully simulating how their smart contracts will work, in some cases even skipping extensive audits. McNelis said an example of this was observed during the sale of the Akutars NFT collection in February 2021 — featuring 15,000 tokens that went up for sale on Winklevoss-owned NFT marketplace Nifty Gateway.

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2022-09-24 08:41:01 New XR-Land Metaverse Imversed Embraces Mixed-Reality Life

Augmented and virtual reality technology will start drastically altering daily lives, and it's not as far away as one may think. The first ever XR-Land metaverse, Imversed, is looking ahead of the curve and intends to combine AR/VR technology with geo-attached lands to create a fully immersive reality that merges the virtual worlds with physical worlds. Similar to the beginning of the smartphone era, it is a telling sign when large technology companies start producing AR/VR headsets. They recognize the enormous market potential. Over the next three years, market research firms predict that the VR and AR industry will grow by USD 162.71 billion, or a CAGR of 46%.

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2022-09-24 03:25:04 Galaxy Announces Launch of Inaugural NFT Collection in Collaboration with TIMEPieces

Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy"), a financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sectors, today announced the launch of its inaugural NFT project, The Explorer Collection ("The Collection"). Galaxy worked in collaboration with TIMEPieces, the web3 community initiative from TIME, to develop and launch The Collection. The Collection consists of 3,210 unique Explorers derived from Galaxy's newly designed logo, each a key to Galaxy's community. Framed within each Explorer is a generative artwork created by three artists who partnered with Galaxy and TIMEPieces to add their own diverse styles and creative perspectives.

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2022-09-23 21:15:08 CloneX NFTs and the Secret to Nike and RTFKT’s Success

Nike announced in late 2021 that it had acquired Web3 content developer RTFKT Studios, the news went right under the noses of the sneaker and apparel brand’s most die-hard fans. But the wider Web3 community took notice — particularly those tuned into the NFT space. Today, thanks to the rapidly-growing CloneX NFT collection that launched in November 2021, it looks like Nike may reproduce its IRL cultural capital on Web3. In spite of the hype Nike and RTFKT have been building through their numerous NFT drops over the past months, CloneX’s legitimacy looks to be anything but hyperbole. A combination of factors came together to enable the NFT community.

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2022-09-23 16:30:43 FIFA Releases Genesis NFTs on Eve of World Cup

More than half the world’s population watched the 2018 FIFA World Cup, and with the 2022 edition in Qatar just two months away, football’s governing body is throwing NFTs into the mix. The FIFA+ Collect platform went live on Sept. 22 with its Genesis Drop, a collection of 532,980 packs containing historical highlights from past FIFA events. The NFT platform leverages the Algorand blockchain, a proof-of-stake network that became FIFA’s official blockchain partner in May. The packs are priced at $4.99 apiece and each contains three randomly selected highlights, or what the platform calls ‘moments.’.

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2022-09-23 13:03:01 UNICEF Giga NFTs to connect schools in developing countries to internet

Developed countries often take for granted the ubiquity of the internet. But the reality is that some 2.9 billion people still don’t have connectivity to the World Wide Web. Data provided by UNICEF highlights that the majority of this internet-less mass of people reside in undeveloped countries, and children continue to be disadvantaged by the lack of internet connectivity at local schools. A UNICEF-led initiative is tackling this dilemma in a novel way through a joint venture with the International Telecommunication Union, whi led to the creation of Giga in 2019. Gerben Kijne, blockchain product manager at Giga, outlined the firm’s Project Connect initiative at the Blockchain Expo in Amsterdam. Giga has made strides in connecting schools to the internet.

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2022-09-23 07:41:01 NFL ALL DAY surpassed NBA Top Shot in NFT sales in August for the first time

NFL ALL DAY surpassed NBA Top Shot in NFT sales in August for the first time. This has put NBA Top Shot at risk of losing its top-dog status on the Flow blockchain. As one of the biggest NFT blockchains by all-time sales, Flow has processed more than $1 billion worth of digital collectibles from 463,091 unique buyers across 23 million transactions. NBA Top Shot, on the other hand, reached a 20-month low after grossing around $7 million. The last time this collection generated less than $7 million in monthly sales was in December 2020. here were 16,745 new buyers for NFL ALL DAY while Top Shot only pulled in 15,369 unique buyers. This difference was likely due to the announcement of the first public NFL ALL DAY Series 1 pack drop which was dubbed Headliners. The drop happened on Aug. 12 and featured legendary moments from Derrick Henry.

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