Crypto exchange Kraken to roll out NFT marketplace with promise to cover transaction fees
Major cryptocurrency exchange Kraken is launching its own non-fungible token (NFT) platform in the coming months. As of Tuesday morning, customers can sign up to join its waitlist.How much Kraken would subsidize transaction fees, which can even be worth more than the NFT price itself in some cases, is not entirely clear.
The platform will provide unique offerings, most notably subsidizing Ethereum (ETH-USD) transaction costs — such as gas fees, the cost of paying for transactions on Ethereum, and other proof-of-stake blockchains, according to the exchange's chief operating officer, David Ripley. It would also hold customer assets in custody.
Square Enix Sells Off Tomb Raider and Three Studios to Fund NFT Games
Square Enix has been one of the loudest voices in support of blockchain and NFT-based games in the gaming industry, but now the publisher is really putting its money where its mouth is.
Embracer Group has agreed to pay $300 million to Square Enix to acquire properties such as Tomb Raider, Deus Ex, Legacy of Kain, and Thief, as well as game studios Crystal Dynamics, Eidos-Montréal, and Square Enix Montréal. The three studios collectively employ nearly 1,100 people in total.Square Enix still has its long-running Final Fantasy, Dragon Quest, and Kingdom Hearts role-playing game franchises, along with newer IP like Life is Strange and Just Cause.
Minecraft Developers’ Petition Against Gaming NFTs Gets Just 72 Signatures in One Week.
The ongoing battle between game developers and the crypto world appears to have escalated as developers connected to Minecraft and other gaming platforms launched an online guide and corresponding pledge to raise awareness of the putative dangers of NFTs and cryptocurrencies.
On Monday, Climate Replay, a group that includes a number of developers from Minecraft maker Mojang Studios, asked developers and gamers worldwide to sign its NFT pledge.Traditional game developers also are wary of the speculative and volatile nature of cryptocurrencies and NFTs. "It really all depends on the operation and tokenomics," Myrtle Anne Ramos, CEO of play-to-earn game Placewar.
World's first NFT museum in Seattle aims to 'pull back the curtain' on blockchain art
World's first NFT museum in Seattle aims to 'pull back the curtain' on blockchain art.Non-fungible tokens (NFTs) are a type of digital asset that has exploded in popularity recently, with NFT artworks selling for millions of dollars. NFTs exist on a blockchain, a record of transactions kept on networked computers.
The museum opened its doors on Jan. 14, and has been providing an outlet for artists, creators, and collectors to display their NFTs in a physical setting, while aiming to educate the public about this fairly new market for digital art.Local digital artist Maksim Surguy attended the opening of the museum’s ‘Climate Conversation’ exhibition on April 16, which features his designs that are sold as NFTs online, but can also be printed in physical form.
Bored Ape start-up set to make $300mn in metaverse land sales
The creators of the Bored Ape Yacht Club are set to generate as much as $300mn worth of crypto in “metaverse” land sales this weekend, in what is expected to be the largest ever non-fungible token launch.
Andreessen Horowitz-backed Yuga Labs plans to sell NFT “deeds” for up to 55,000 plots of virtual land in the Otherside, its forthcoming metaverse game, starting on Saturday. Each deed, which will give the holder rights to land within a game that has not yet been released or even widely previewed, will cost 305 ApeCoin — the cryptocurrency launched by Yuga and its partners last month — or more than $6,000.
Sphere Finance is a project dedicated to acquiring governance, farming liquidity and incubating projects that generate deep liquidity with the aim of taking over projects all over Polygon, and later other chains. It yields profits and sends them out in the form of $SPHERE tokens.
It is going to come out with a V2 contract soon. If you think you're late to the hype train, think again! They will make the APY sustainable, earn even more governance while also making the market whale proof. No whales are going to manipulate this. So far, they've also incubated 3 projects and have a huge share in them! Join the S&P 500 of Crypto now!
ApeCoin at All-Time Highs Ahead of Otherside NFT Drop
Yuga Labs’ ApeCoin is trading at all-time highs ahead of the Otherside NFT sale scheduled for Saturday. While unconfirmed, the NFTs are suspected to be land parcels for the Otherside Metaverse. The next big development in the Bored Ape Yacht Club universe is right around the corner.
This Saturday, those who pre-registered on somethingisbrewing.xyz before Apr. 1 can participate in the first mint for Otherside, a new Metaverse launched by Bored Ape Yacht Club creator Yuga Labs. The NFTs are suspected to represent land in the Otherside Metaverse but Yuga Labs has not explicitly confirmed this. Since ApeCoin’s launch on Mar. 17, the token has experienced wild price fluctuations.
McLaren Automotive has officially revealed the “first chapter” of its ambitious metaverse strategy.
Following the British luxury supercar maker’s March announcement that it would be partnering with Infinite Worlds, McLaren Automotive has now announced the launch of MSO LAB, an exclusive new digital community from McLaren’s in-house bespoke division, McLaren Special Operations (MSO).
According to the press release, MSO LAB will be home to exclusive, limited-edition McLaren NFTs, with the first limited edition drop to launch “soon.” With its launch, MSO LAB aims to provide its community with direct access to McLaren Automotive and its MSO teams, “harnessing new, innovative ways to push the boundaries of access, ownership, and experience.”
Maturing NFT market! A move from digital collectibles to utility
Twitter Inc. founder Jack Dorsey's first tweet which was converted to a nonfungible token (NFT) last year and sold for $2.9 million, recently received the embarrassing top bid of less than $14,000.In the meanwhile, the NFT global sales have plunged 41% after their record highs of $4.64 billion in January this year.
Dorsey's first tweet which reads, "just setting up my twttr," was bought by Sina Estavi, CEO of Malaysia-based blockchain company Bridge Oracle last March. Estavi listed it on an NFT marketplace called OpenSea earlier this month, expecting it to sell for at least $50 million. In the meanwhile, the NFT global sales have plunged 41% after their record highs of $4.64 billion in January this year.
Newest Mafia Game Coming to Metaverse. Resembles Nostalgia from Mafia Wars
Do you recall that feeling when you are walking on the beach and come across a golden nugget? That’s how we, the Alpha Team, felt when we came across Mobland in the NFT Gaming universe. As we started inspecting this golden nugget, it continually grew larger in our hands until we were left in awe. So, if you are going to read just one research report today, make sure it is this one. Brace yourself, because you are in for a treat!
In the Mafia metaverse of Mobland, the players can participate in the activities tied to their syndicate. Simultaneously, a more ambitious player would climb the ladder of power and find themselves at the top of the chart. Which one of the players are you? In this research report, the Alpha team will be deep-diving into Mobland, uncovering the gameplay, whitepaper, analysis of their website, team composition, and more.
Without disclosing the financial terms, OpenSea said it had acquired the popular NFT data aggregator – Gem.NFT marketplace giant OpenSea has acquired Gem, a leading NFT aggregator, in order to offer better services for pro users.
OpenSea announced the news of the acquisition via a blog post on Monday (April 25, 2022). According to the NFT marketplace, the purchase will enable Gem to get resources that would better facilitate the platform’s vision and road map.While the announcement does not mention financial details regarding the acquisition, OpenSea said Gem will continue to operate as a standalone brand.Chastain left OpenSea shortly after, with the company stating that it accepted a resignation from one of its employees.
💣Sol Kitties is a prime quality and innovative Solana NFT project that was sold out in 55 seconds. Driven by the community and backed by agile industry professionals, Sol Kitties, has been in development with the purpose of delivering steadily growing returns to investors through multiple channels.
Following the enormous success of the 2D collection, a 3D collection of is also being launched with the scope of introducing users to the Kitties Metaverse through a Play To Earn video game.
💸 Are you ready for a Play To Earn Video Game? 🔒 Secure your spot with a 3D Sol Kitty! 📅3D Public Mint - April 27th - 15:00 UTC - Magic Eden Launchpad