NFT & Crypto Updates

2022-09-02 02:50:13 Axie Infinity NFT Sales Dip Below $10 Million for Four Consecutive Months

Axie Infinity NFTs continue to see a decline in the number of unique buyers as well as average sale value which impacted its August sales volume negatively. Axie Infinity is one of the oldest NFTs in the digital collectibles space and has brought significant fortune to several collectors across the globe. Despite surpassing $5 million in sales in August which is quite impressive considering the number of NFT projects in the crypto finance industry today, Axie Infinity plunged by approximately $842 million from August 2021. In August 2021, sales reached the $848 million level, marking an all-time high monthly volume for Axie Infinity.

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2022-09-01 21:20:11 A16z Creates NFT Licensing Framework to Standardize Collectors’ Rights

Venture capital firm Andreessen Horowitz’ crypto arm, a16z, released six NFT-specific copyright licensing frameworks on Wednesday as part of a free and public set of “Can’t Be Evil” Licenses, in the style of Creative Commons. A blog post from Miles Jennings, general counsel at a16z, and Chris Dixon, a managing partner who founded a16z. The “Can’t Be Evil” set is meant to serve as a template for NFT projects to consider when creating and selling NFTs, according to its Terms and Conditions. The slate of open source licenses are based on US law and relate to copyright only, excluding other forms of intellectual property, including personality rights, stated the document.

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2022-09-01 15:41:45 OpenSea confirms it will support Ethereum’s merge to proof-of-stake.

OpenSea business is majorly dependent on Ethereum so, there's no way they won't support the proof-of-stake merge, except if they don't want to stay in business anymore. Besides, when Ethereum fully transitions to PoS and implements Sharding, the gas fee issue will be resolved.

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2022-09-01 15:40:02 Ticketmaster Chooses Dapper Labs' Flow Blockchain for NFT Tickets

Event ticketing behemoth Ticketmaster announced today that it will adopt the Flow blockchain from Dapper Labs for minting tickets as NFTs for select events. The NFTs—unique blockchain tokens that signify ownership—will function primarily as collectible digital memorabilia, but also as a shareable “proof of attendance.” Over the past six months, Dapper Labs and Ticketmaster quietly launched an NFT pilot program. In it, Ticketmaster automatically issued ticket NFTs as memorabilia to attendees of specific events like the Super Bowl LVI this year. In the pilot program, more than five million Flow NFTs were minted in a six month period, according to Dapper.

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2022-09-01 10:35:14 Magic Eden looks to challenge OpenSea’s NFT dominance

The startup has become the default way for NFT traders in the Solana ecosystem to transact, but as the marketplace has grown, its team has refocused its ambitions to take on OpenSea on its home turf — the Ethereum network, for which they’ve recently begun rolling out early support. The startup is looking to differentiate itself inside the broader NFT marketplace space, shying away from being a hub for online art, and leaning more into verticals like gaming.

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2022-09-01 02:20:07 Hacktivists turn Belarusian president’s passport into NFT

Belarusian hacktivist group Cyber Partisans claim to have stolen the passport details of every citizen of Belarus. Hackers turned the ID of the country’s president Aleksandr Lukashenko into an NFT. The hacker group Belarusian Cyber Partisans said they’re turning the details of the country’s president’s ID into a non-fungible token (NFT). The group announced their intentions via their Twitter and Telegram accounts. The hacktivists shared details of other Belarusian government figures such as Lidia Yermoshina, former head of the country’s Central Election Commission, Natalia Eismant, a press secretary for the president, and Ivan Tertel, the deputy head of the Belarusian KGB.

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2022-08-31 22:20:09 South Korean telecoms giant LGU+ expands further into NFT Space

According to Money Today and Chosun Ilbo, the firm, which is a unit of the LG conglomerate, will issue a new collection featuring its Moono octopus-like animated character. The collection is inspired by the success of the firm’s debut collection, which sold out in just 2 seconds after it was released on OpenSea, via the Kakao-founded Klaytn blockchain in May. LGU+ stated that the upcoming collection would be much larger than the first. 1,000 NFTs will be issued. The collection will feature Moono office workers and their “changing emotions” over the course of the working week. The firm also revealed that all the KLAY tokens it receives from the sale would be donated to charity.

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2022-08-31 18:01:13 SHIB Metaverse Crucial Upgrade Finally Revealed

In mid-April, the SHIB Metaverse was rolled out, which was a much-anricipated event by the Shiba Inu community, according to a recent blog post. Now, its developers have announced that a crucial new upgrade is going to be added to it – the WAGMI Temple HUB. Here's what this HUB will be about. A recently published blog post says that since the participation of the THIRD FLOOR (TTF) studio in the building of the Metaverse for SHIB was announced in late July, the SHIB team has been busy creating a core structure for the Metaverse. This implies the seamless communication and interaction of all members so they can achieve the best possible result for the Shiba Inu community.

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2022-08-31 14:30:37 Veve Partners With Marvel to Drop Limited Edition NFT Covers Featuring Spider-Man, Black Panther

On August 29, the digital collectibles company Veve announced that the platform has launched digital variant non-fungible token (NFT) covers from three Marvel comic book artists. Veve and Marvel detailed that the NFT drops called the Marvel Artworks collection will be limited edition, 1-of-1 releases of three Marvel comic covers featuring Spider-Man, and the Black Panther. Marvel Entertainment continues to release products for the NFT industry with the company Veve Digital Collectibles. The two firms recently revealed plans to drop three limited edition NFTs from the Marvel Artworks collection.

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2022-08-31 06:50:15 DeGods Have Ascended: Solana NFT Project Soars Ahead of Buzzy y00ts Launch

DeGods topped a floor price—that is, the cheapest listed NFT on a marketplace—of 500 SOL for the first time on Sunday. As of this writing, the floor at leading marketplace Magic Eden sits at 587 SOL, or nearly $18,650. That makes it the most valuable Solana-based NFT profile picture (PFP) project with at least 10,000 items, handily topping Solana Monkey Business at 192 SOL (about $6,100) at the low end. A flurry of DeGods secondary market sales helped push the floor price upwards this weekend, and the project topped all other projects on the market—including on Ethereum.

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