NFT & Crypto Updates

2022-08-27 18:10:09 Top Solana NFT Project DeGods Overtakes Doodles and Azuki

The innovating NFT Solana project DeGods is now one of the most expensive pfp collections in the entire ecosystem. This is the first time a Solana NFT collection has made it into the top five pfp and shows how Solana NFTs are gaining in popularity. DeGods has overtaken some of the most popular NFT collections, such as Doodles and Azuki. It has been an incredible journey for the DeGods project, which only launched in October last year. Since then, it has been growing at an exceptional rate and has created an enormous community. With an original mint price of 3 SOL, the floor price is now a huge 533 SOL (around $19,000).

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2022-08-27 12:10:12 South Korea’s MBN launches first-ever metaverse-based music survival program ‘Avatar Singer’

South Korean cable channel MBN has announced Avatar Singer, a new music survival program that will see 10 top-tier musicians competing behind digital avatars. Memory, Cloudy, Ian, Ran&Logi, Geumeundong, Steel, Day, Kimsoonsu, Lime and Namjafriend will compete using 3D digital avatars to conceal their identities much like the concept behind the Masked Singer series. According to Korea Herald, Kim Ho-Young told the outlet at a press conference that due to the virtual and augmented reality technology used to produce each episode, “each episode costs more than the most expensive sedan available.”

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2022-08-27 10:32:30 M&M's released Bored Ape NFT candy and a music video

M&M's and Universal Music Group have released a limited edition candy collection. It will be dedicated to KINGSHIP. Recall that this is the first super-community Bored Apes, which signed a contract with Universal Music Group. The group is owned by investor and entrepreneur Jimmy "j1mmy" McNelis. Universal Music Group uses the rights to the image of the "monkeys" and comes up with music in the style of the band Gorillaz

Candy buyers can get exclusive Kingship M&Ms NFT art tokens. But they will go to the fastest who manages to brand them on a special platform.

NFT's | Metaverse & More Open / Comment

2022-08-27 05:01:29 Xbox boss keen on Metaverse but ‘cautious’ about play-to-earn games

Phil Spencer, the head of Microsoft’s gaming company Xbox is optimistic about the Metaverse but remains “cautious” about play-to-earn (P2E) crypto games due to its economic and speculative aspects. Speaking with Bloomberg anchor Emily Chang on Thursday, Spencer suggested that while many gamers are not yet sold on the current concept of a metaverse. Spencer, however, did not address more contentious issues in the Metaverse, such as the concept of owning virtual metaverse property through NFTs. Crypto proponent and billionaire investor Mark Cuban recently slammed virtual property investment as “the dumbest s--- ever” due to an apparent lack of utility and scarcity.

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2022-08-27 00:01:49 Reddit Is Airdropping Free Polygon NFT Avatars to Its Most Hardcore Users

Popular online discussion platform Reddit is leaning harder into blockchain technology, and recently announced that it would launch a series of NFT avatars based on its Snoo character. But now, in addition to selling the tokenized avatars, Reddit is also now giving some away to its most avid users. Recently, a Reddit administrator announced that the platform will airdrop free NFT avatars to users who have earned a considerable amount of karma points—a score that represents their contributions to Reddit communities.

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2022-07-25 16:10:02 Dubai's New Metaverse Strategy Could Be a Huge Catalyst for This Crypto

Finance has New York. The internet has Silicon Valley. And now the metaverse has Dubai. The largest city in the UAE just announced a jaw-dropping new metaverse strategy that envisions Dubai as one of the leading cities in the world for everything related to crypto, blockchain, online gaming, and non-fungible tokens. After all, it wasn't some obscure tech guru making the big Dubai metaverse announcement -- it was the Crown Prince of Dubai himself.

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2022-07-25 09:01:01 NFTs are coming for the loyalty perks programs at brands like Budweiser

NFTs, or non-fungible tokens, have come for just about every corner of the Internet and every business willing to throw money at what’s been dubbed “Web3” — a hypothetical, future version of the net based on blockchain technology.As they do, Hang, a new B2B startup in the fledgling space, is looking to help some of the world’s largest brands. Last week, the company announced that it raised a $16 million Series A funding round led by crypto venture firm Paradigm, which holds a stake in some of the largest crypto players, including FTX, BlockFi, and Coinbase.

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2022-07-25 05:12:02 GameStop is Selling an NFT Based on 9/11

GameStop is a known retailer of video games, accessories, and more, but for many years, former and current shoppers have been curious about its future. It’s no secret that the shift to digital games has impacted GameStop’s bottom line, and it has publicly been trying to recreate its brand/image for a couple of years now. It should be noted that this is not an open NFT platform, so not anyone can go on it and sell NFTs. GameStop has to approve each individual NFT creator following an application process. So, while GameStop may not be directly responsible for this 9/11 NFT.

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2022-07-24 17:21:46 CBI is the first UAE bank to be in the Metaverse

CBI, a UAE based corporate and retail bank, is the first ever bank in the UAE and among the first early adapter banks in the Middle East region as well, to open a virtual Metaverse location in Decentraland, a popular blockchain based world. Commenting on the planned launch of CBI’s Metaverse location, Ali Sultan Rakkad Al Amri, the CEO of CBI said: “We are proud to be the first ever bank in the UAE and among the first innovative banks in the Middle East region to bring the Metaverse experience to our customers and people.

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2022-07-24 11:20:02 Fans seek trust and better understanding of sports NFT market: Research

The heavy involvement of the sports ecosystem is what expedited nonfungible tokens’ (NFT) mainstream adoption as the teams and players leveraged the technology for fan engagement. However, sports fans revealed their interest in moving beyond the hype and making investments based on knowledge about NFTs and trust in the issuers. The prolonged crypto winter razed off the inflated floor prices across the NFT ecosystem, inadvertently changing investor sentiment and forcing users to rethink their long-term investment strategies.

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