Bored Apes Yacht Club Reveals Date for Otherside Meta Project, APE Soars 40% Weekly
BAYC has finally confirmed the much-anticipated Otherside project. As expected, it will be powered by APE coin.Yuga Labs – the team behind the Bored Apes Yacht Club – has revealed the date for the much-anticipated Otherside project and has also confirmed that APE coin will be the official means of payment.
The animation for Otherside has been circling the internet for quite some time now, revealing that there will potentially be one more series of characters joining the club – Koda.In addition, users anticipate that the Otherside Meta project will constitute the sale of virtual land that will only be purchasable with BAYC’s native ecosystem coin – APE.There have been leaks about Otherside all throughout the past week, which is perhaps the reason for APE’s massive surge in price.
DCB World Launches Its NFT in an Engaging Twitter Space With Artist Romero Britto
The team behind DCB World — a limited-edition original art NFT created by the most licensed artist in history, Romero Britto — hosted its first Twitter Space to announce its new utility, the "888 Draw."
The Space was attended by Britto, along with several members of the DCB World team, including serial tech entrepreneur Ayman Jomaa, Founder of DCB, Arwa Damon, a renowned journalist for CNN and founder of INARA, the charity benefiting from proceeds of the NFT collection sales, whose valuable work helps to improve the lives of children impacted by conflict.
ApeCoin price faces headwinds as the NFT token sees a spike in profit-taking
ApeCoin price suffered a drop after posting 16% gains and hitting a new all-time high above $17.30. Analysts believe ApeCoin could continue its downward spiral and drop lower.
ApeCoin price has plummeted, posting 8% losses overnight. The NFT token hit a new all-time high less than 24 hours ago and ApeCoin price has plunged since then. Proponents identified profit-taking and the rise in selling pressure as the key reasons for the NFT token’s price drop. ApeCoin price hit an all-time high, followed by a surge in profit-taking by holders. The Bored Ape Yacht Club NFT collection floor price recently hit an all-time high crossing 124 ETH.
Return of the king: LimeWire raises $10 million in private token sale to grow music-linked NFT platform
LimeWire has raised $10.4 million in a private token sale led by Kraken Ventures, Arrington Capital and GSR as it builds its platform for music-focused NFTs. News of the fundraise, unveiled on Thursday, comes a little over a month after the company announced it was plotting a comeback.
The brand said it would use the fresh funds to grow its team, extend partnerships and onboard major music artists to the platform. Investors in the round also included Crypto.com Capital, CMCC Global, Hivemind, Hard Yaka, Red Beard Ventures, FiveT, 720Mau5, the fund behind Canadian music producer Deadmau5, as well as DAO Jones, a group of investors from the music industry, including electronic music artist Steve Aoki.
Crypto exchange Coinbase (COIN) launched the beta version of its long-awaited non-fungible token (NFT) marketplace on Wednesday, allowing a small group of users from a wait-list of 3 million to use the platform for the first time.
The platform will allow users to showcase their personal profile and follow accounts whose content will appear in a “For You” feed, which is visually similar to social-media platforms like Instagram and TikTok. Users will also be able to “like” and comment on each other's posts, a Coinbase representative told CoinDesk.
NBA Announces 'Dynamic' Ethereum NFTs for Playoffs
The National Basketball Association will begin minting its upcoming Ethereum NFT collection of 18,000 assets called The Association on Wednesday.
But, as with actual players, these NFTs don't stay static. NFT traits will evolve over the course of the playoffs based on each player’s real-life performance, meaning that a certain number of dunks, blocks, three-pointers, rebounds, or assists will change that player’s image. NFT backgrounds and “frames” will also change based on the player’s team’s performance.
Gary Vaynerchuk Announces The Release Of “VeeFriends” Series 2 NFT Collection
Gary Vaynerchuk (aka GaryVee), serial entrepreneur, and CEO/Creator of VeeFriends, reveals VeeFriends Series 2 launch. VeeFriends NFT project brought Gary Vaynerchuk’s ambitions of building intellectual property in perpetuity using his creative and business passions while utilizing NFT technology and its smart contract capabilities.
VeeFriends was developed around characters, all of which Gary imagined, created, and drew himself, that have traits that Gary admires and believes will lead to happiness and success. There is a unique story behind each VeeFriends character; with Series 2, Gary´s original hand-drawn characters are re-imagined and taken to the next level by creating 3-D characters, new backgrounds, and a fine collection of poses.
Air Europa releases the first NFT Flight Ticket Series on Algorand.
One of the leading Spanish airline companies - Air Europa - partnered with the blockchain entity TravelX to introduce the world's first series of non-fungible token airline tickets.Holders can present the collectibles and receive a matching flight ticket.
"We will blend the best of the traditional NFT but add real-world application and experience. This provides a better flight ticket that travelers can easily manage and trade from their blockchain wallet, combined with a new kind of collectible art piece. We believe NFTickets will be the perfect fusion of art, travel, and technology," the executive concluded.
The NFT market is growing more than the crypto market according to Nansen report
The NFT market has outpaced the cryptocurrency market this year, according to the Nansen 2022 Quarterly NFT Report.Louisa Choe who authored the report stated: "The NFT market continues outperforming the cryptocurrency market year-to-date with a 49.9% year-to-date return when denominated in ETH.".
Understanding the competitive NFT market environment is critical for NFT market players wishing to collect, trade, or invest in NFTs. With the Nansen Social-100 NFT index leading the way in year-to-date returns, it seems that a broad approach that includes a diverse range of collections may be advantageous in generating profits.
Logan Paul Launches An NFT Collection and DAO, 99 Originals
American YouTuber and boxer, Logan Paul, has launched a new NFT collection and DAO titled 99 Originals. This NFT collection is where Paul took 99 photos over 99 days through a Polaroid while travelling 84,029 miles around the world during this timeframe.
This collection by Logan Paul is extremely exclusive, with only 99 one of one NFTs being available. Each person who owns one of the original NFTs will be given many benefits including an original physical copy of the polaroid (authenticated and slabbed by PSA) and access to the DAO.To purchase one of Logan Paul’s 99 Originals, you will have to bid on the auction which will take place on the main page of originals.com.
Regulatory Arm of UAE Financial Centre Releases Defi Discussion Paper
The regulatory arm of UAE’s financial centre, Abu Dhabi Global Market (ADGM), has released a discussion paper that is seeking stakeholders’ comments regarding the regulation of decentralized finance (defi).
The paper also makes clear the regulator’s stance regarding the anonymity of defi transactions.The FSRA, a regulatory arm of the UAE financial centre ADGM, has issued a discussion paper that seeks the public’s comments on policy considerations for decentralized finance (defi).The release of the document comes as the defi space has seen strong growth both in terms of the number of users as well as the value of such transactions, the FSRA acknowledges in the paper.
Logan Paul reignites community outrage with his latest NFT project
Logan Paul’s latest non-fungible token (NFT) idea has prompted outrage among crypto enthusiasts, who want him to be held accountable for launching and supporting a spate of highly dubious crypto projects.
Paul received a barrage of harsh feedback after announcing his next “passion project,” the “99 Originals,” on April 12. Users are particularly unhappy by the infamous disaster-project CryptoZoo, a series of hybrid animal NFTs that collapsed on introduction in August 2021, leaving investors out of pocket.Zachxbt, a crypto detective, summed up the outrage of the community by reminding Paul about CryptoZoo and his digital collectibles series.
Meta plans to take a nearly 50% cut on virtual asset sales in its metaverse
Facebook-parent Meta is planning to take a cut of up to 47.5% on the sale of digital assets on its virtual reality platform Horizon Worlds, which is an an integral part of the company’s plan for creating a so-called “metaverse.”
The social media giant announced in a blogpost Monday that it is letting a handful of Horizon Worlds creators sell virtual assets within the worlds they build, which could eventually include NFTs. However, the company failed to mention in the post how much Meta will charge creators to sell their wares.A Meta spokesperson confirmed to CNBC Wednesday that Meta will take an overall cut of up to 47.5% on each transaction.
Total Value Locked in Defi Takes a Hit Losing $21 Billion in 6 Days
Over the last six days, the total value locked (TVL) in decentralized finance (defi) has dropped 9.21% from a high of $232.88 billion on April 5, to today’s $211.43 billion. The value locked in defi protocols shed 4.40% of that value during the last 24 hours.
While the crypto economy has shed billions, the defi landscape has also felt the brunt of the storm. Last week, the TVL in defi neared a record high but most of that value has been erased since April 5. At the time of writing on Monday, April 11, 2022, the TVL in defi is coasting along at $211.43 billion which is 9.21% less than it was six days ago.
DeFi Platform Gravity DEX Rebrands, Migrates From Cosmos to Crescent Network
According to reports, the rebrand and move to Crescent foster more innovation to make the renamed DEX the best in the Cosmos ecosystem. The network promises a streamlined migration for investors.
Gravity Dex is rebranding into Crescent and moving to a new Cosmos-based blockchain called Crescent network. Gravity Dex is an automated market maker network initially based on the Cosmos hub blockchain.Now Gravity Dex is rebranding taking the new name Crescent, which is the new of its new blockchain host, the Crescent network.
ETHEREUM NFTS GAS FEE ARE 1000X EXPENSIVE THAN BITGERT
Ask any Ethereum NFTs enthusiast about their experience, and they will tell you about the expensive gas fee. In fact, the Ethereum blockchain has one of the most expensive gas fees, which at one time this year reached a whopping $50. But the costly gas fee is a problem with many blockchains.
Luckily, there are blockchain projects that are addressing this problem, and Bitgert (BRISE) has been the most successful in this. The Bitgert blockchain gas fee is 1000x cheaper than Ethereum, which makes its NFTs quite popular with the crypto community.Bitgert NFT marketplace just got launched by Miidas, one of the top best-performing projects built on Startup Studio.
eToro to Launch $20M NFT Ecosystem Support Program
Crypto-friendly investment platform eToro has announced the launch of eToro.art with $20M in funding. The initiative aims to support emerging NFT creators and purchase famous collection tokens.
eToro.art was presented at the Bass Museum of Contemporary Art in Miami, USA. The initiative aims to familiarize 27 million users registered on the platform with NFT.Part of the funds will be used to purchase blue chips in the non-fungible token segment. eToro has already invested in tokens from the collections of Bored Ape Yacht Club (BAYC), CryptoPunks, World of Women.