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2022-08-17 17:09:00 ​​ Decentraland will host the third annual Metacellular Art Week

At the end of August, Decentraland's annual Metaworld Art Week will feature the work of renowned artists and digital artists.

The Decentraland Metaworld Project has announced the list of participants for its third annual Metaworld Art Week, titled "A World Made of Code," which includes what organizers have said are "mind-blowing" works by contemporary artists.

Metaverse Art Week 2022 will take place Aug. 24-28, and will feature work by artists and designers from around the world, as well as major art houses such as Sotheby's, and art communities and creative groups such as Artnet and UXartlab.

There will also be work from the NFT OpenSea and Rarible trading floors.

In addition, for the first time, Frida Kahlo's work will be on display in the meta-universe. According to Decentraland Foundation creative director Sam Hamilton, the annual event came at a pivotal time for the broader adoption of Web3 technology and important decisions in the industry.

Previously, Decentraland partnered with payment service Transak to offer virtual earth owners to host cryptocurrency transactions to increase growth in cryptocurrency transactions. Open / Comment

2022-08-16 17:27:00 ​​ Prime Blockchain and 10X Capital Venture terminate merger agreement

A notice has been filed with the U.S. Securities and Exchange Commission (SEC) to rescind the deal and revoke the decision to merge Prime Blockchain and 10X Capital Venture, and, accordingly, to cancel the Nasdaq stock exchange listing of the combined public cryptocurrency company with $1.25 billion in assets.

The Prime Blockchain startup positioned itself as a company that promotes its services to the diversified Web3 infrastructure and crypto economy.

The firm, whose CEO was former Goldman Sachs investment banking veteran Gaurav Budharani, provides technical solutions for mining and bitcoin storage as well as DeFi.

10X Capital Venture is a specialized acquisition company (SPAC). Such companies have no real operations until after the merger.

Their main purpose is to raise and accumulate investment capital to acquire a private company, after which it becomes public. As a rule, the disclosure of the name of the "target company" SPAC occurs only when the parties to the transaction are ready to file documentation for SEC approval.

The parties do not disclose the reasons that prompted the companies to terminate the deal. Indirectly, 10X Capital Venture confirmed that high inflation and rising interest rates have led to a general chill in SPAC markets.

According to SPACInsider, the number of SPAC IPOs in the first half of the year fell to 64, down from 613 in the same period last year.

Earlier, Galaxy Digital broke off an agreement to acquire custodial services provider BitGo. In response, BitGo is preparing to sue Galaxy and claims it is owed a $100 million termination fee. Open / Comment

2022-08-15 15:14:00 ​​ Ex-manager of Goldman Sachs: the cryptocurrency market is likely to have already found the "bottom"

Raul Pal, who previously worked as a top executive at the U.S. investment bank Goldman Sachs, said that the macroeconomic conditions in the world, which have kept the cryptocurrency market in a bearish state for most months of this year, have begun to change.

Based on data from the Institute for Supply Management and purchasing managers' indices (PMIs), he concluded that the U.S. and the European Union are entering a period of economic decline (recession), and it is happening quite quickly.

According to him, this will affect the outlook for global economic growth, which is "evaporating.

He noted that prices for most commodity futures are now 30-50% lower than their historic highs, oil was also affected, but traders were confident that the energy commodity would go to $200/barrel.

However, because of the recession, Pal predicts a collapse in oil prices to $60/barrel.

Pal drew attention to the crisis on the US consumer market: due to recession at the moment, the demand of individuals is decreasing, which in its turn is responsible for 85% of the US GDP. The decline in demand occurs against the background of a large amount of inventory, which retailers in the U.S. have also accumulated during the decline in demand since the beginning of the COVID-19 pandemic.

However, high inflation in the U.S. does not allow them to realize these inventories now, which causes the need for retailers to save money, including on investment programs, but this in turn exacerbates the recessionary situation.

Pal believes that the financial markets are now accumulating a lot of spare cash from U.S. and European investors who do not want to spend it on current consumption, but intend to invest it in financial instruments.

According to his estimates, there is already a 70% probability that the cryptocurrency market has passed its lowest point and now will start to grow steadily. Here he sees interest in bitcoin as well, following the upward trend that gold has shown since mid-July.

Pal also points to increased investor interest in riskier crypto-assets than bitcoin - altcoins. Speaking about Ethereum, the former top executive at Goldman Sachs said that the Merge update could make this largest-capitalization altcoin even more attractive to institutional investors. Open / Comment

2022-08-14 18:22:00 ​​ Celebrity Brand Bakeup releases NFT and AR filters for makeup

Beauty is no longer limited to the physical realm. As the meta-universe evolves, having a stunning virtual character will be just as important as having a real-life appearance.

Virtual cosmetics brand Bakeup is bringing innovation to the beauty industry with its groundbreaking limited-edition eye makeup, called "Disco Veiler Eye Adornment."

The unique digital makeup will be presented as an NFT, an augmented reality filter and physical product. It was created in collaboration with celebrity makeup artist Joe Baker and singer Grace Gaustad.

The most popular NFT jobs in 2022 according to nftnewspro.cøm

Crypto Jobs List, the largest online marketplace for cryptocurrency jobs, analyzed more than 2,000 cryptocurrency firms to understand NFT business hiring trends for 2022 and help experts identify market trends.

One of the most popular jobs at NFT is a business developer, and the second most popular is a marketing manager (13%). The third most in-demand professional is Full Stack Software Engineer, which affects 10% of all jobs posted at NFT.

Across the board, NFT jobs are evenly split between business/marketing roles (45%) and development/product roles (45%). Legal jobs make up a marginal portion of all job offers in that industry (10%).

NFT and live street art

Solution Partitions and Palm, a major engineering company that promotes brands in Web3 and NFT, as well as Moonwalk, an NFT and Net3 system without code, have developed a free limited edition digital artwork and benefits plan. The goal of the program is to give opportunities to access unique rewards.

The SYLA tour itself gives people the opportunity to see concert-like "battles" in which art is judged by both the live crowd and NFT holders. Each piece will then be donated to a nearby charity.

Beginning August 13, Solution Walls will tour SYLA in more than 35 cities in the U.S. and Canada. However, NFT's offerings may be in effect for the duration of the tour. Open / Comment

2022-08-13 17:29:00 ​​ Trading volume on cryptocurrency exchanges decreased by 1.7% in July

Wu's team processed data from Coingecko and Similarweb. The centralized cryptocurrency exchanges saw a 1.7% drop in trading volume compared to June, to $1.69 trillion.

At the same time, some exchanges recorded growth - the total trading volume on the largest exchange Binance increased by 9.3%, with the platform Binànće.UŞ growth of 76.7%.

Phemex was the fastest growing stock exchange, with an increase of 227.4 percent. The volume of trading on the LBank (-51.4%), Huobi (-31.3%) and Gate.iö (-31.2%) exchanges decreased significantly.

In the cryptocurrency futures market, the decline was more noticeable - trading volumes fell by 5.2% over the month to $3.97 trillion. All platforms except OKEX (up 5.5%), Huobi (+1.9%) and Gate.iö (+0.2%) registered a decline.

Not surprisingly, the attendance figures of centralized cryptocurrency exchanges' sites decreased as well. The drop was 10.13%.

The decline in traffic was also recorded by all sites, with the exception of exchanges MEXC (+22.7%), BitMart (+15.4%) and Bitget (+14.3%). Most often cryptocurrency exchanges are visited by users from Russia, the U.S. and South Korea.

Earlier analytical service CryptoSlam reported that July sales of non-exchangeable tokens on secondary markets, compared to June, fell by 25%, to $650 million. Open / Comment