Meta & NFT

2022-05-14 15:43:07 Welcome back to work “Diamond hands” meme

‘Diamond hands’ is a term used for people who have high-risk tolerance, especially for volatile assets like stocks, cryptocurrency, and NFTs. Many people who have been financially benefited from the boom in NFT and crypto sales consider market crashes to be temporary phases, and they expect a fast recovery.

Others mock this mindset, and that brings us to the meme shown here. Many internet users and brands are posting this meme, sarcastically welcoming those hit hardest by the NFT crash back to work.

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2022-05-13 17:10:00 BAYC Band ‘Kingship’ Launch Virtual World with Key Card NFTs

After forming in November and acquiring a $360,000 NFT manager back in February, Kingship, the virtual band of Universal Music Group’s subsidiary known as 10:22PM, is launching a virtual world for its degen rock fans to vibe in. The new world will be accompanied by the drop of ‘Key Card’ NFTs which’ll grant fans with the opportunity to delve deeper into the lives of the four Bored Apes (or five, including its Bored Ape #5537 ‘Manager Noët All’) and a single Mutant Ape which make up the virtual band.

There will be 10,000 ‘Key Card’ NFTs up for grabs, with each essentially serving as an access key that’ll allow holders to enjoy exclusive insight to the group’s music, NFT-gated experiences, and other regions of its virtual rockstar world.

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2022-05-13 15:01:54 OpenSea Updates its Duplication Controls and Verification Process

NFT trading heavyweight, OpenSea, is finally getting its act together and tackling the age-old problem of platform fraud. Therefore, deploying improvements to both its verification process, and duplicate detection protocols.

Firstly, OpenSea will look to take on the outright plagiarism it politely calls ‘CopyMints,’ achieving its goal by utilizing image detection software that takes into consideration mirrored and rotated images, while additionally employing human intervention to make the final judgement call.

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2022-05-13 13:06:36 NFT platform for ticketing and music announces token launch on Bittrex Global’s IEO Platform Starting Block

The YellowHeart Protocol has emerged as a major player in the music space, providing an NFT platform complete with Polygon-powered tickets. By holding onto these digital assets, fans can gain access to benefits that apply to those who have links to an artist's tokenized network, enabling users to receive discounts at different establishments, admission to special events and VIP meet and greets.

With a number of partnerships now under its belt, YellowHeart Protocol, has since announced the launch of its utility token, HRTS (pronounced "Hearts"), on Bittrex Global's IEO Platform Starting Block as the platform's debut project.

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2022-05-12 17:19:09 Billionaire investor Mark Cuban has tipped commercial smart contract adoption as the next catalyst to drive the crypto and blockchain sector. He argued that networks that only offer NFTs and decentralized finance (DeFi) for the sake of it will eventually crumble.

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2022-05-12 12:32:37 CryptoPunk sells for huge loss

An NFT from one of the original NFT projects CryptoPunks was sold for a whopping 86% loss on Sunday.

CryptoPunk #273 sold for a hefty $1.003 million in October, worth 265 Ether (ETH) at the time, but has since fallen from grace amid a tumultuous time for the crypto and blockchain sector, going for a mere $139,836 on Sunday morning.

Larva Labs’ CryptoPunks boomed in popularity throughout 2021, and the project was recently acquired by Yuga Labs in March, the team behind the widely successful Bored Ape Yacht Club NFTs. The move doesn’t appear to have done much for the market in the short term, however.

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2022-05-11 21:06:24 The Global Esports Federation sets up the metaverse council

The board of the Global Esports Federation (GEF), the body responsible for promoting the credibility, legitimacy, and prestige of esports across the globe, has established its own branch for delving into Web3. Coined the ‘GEF Metaverse Council,’ the new committee will seek to convene the expertise of an array of thought leaders and creators from across the Web3 space, in order to succinctly get its blockchain gaming ball rolling.

The ultimate goal of the GEF Metaverse Council is to leverage the knowledge and experience of its consultants, so it can then focus on shaping its own metaverse development initiatives within areas such as its global community, blockchain technologies, NFTs, and more.

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2022-05-11 17:35:42 Pegaxy Launches Android App for Unrestricted Gaming

Epic fantasy horse racing simulation, Pegaxy, is proud to announce the launch of its mobile platform. As a result, qualifying Android users can now race their mighty steeds from the palm of their hands.

From the initial launch, Pegaxy has restricted access to those in possession of Epic and Rare in game NFTs. Therefore, taking a tentative approach as it looks to expand in the play anywhere market. However, following this initial development period, Pegaxy will roll out the app to all members of the gaming ecosystem.

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2022-05-11 13:35:14 Madonna and Beeple Launch NSFW NFT Series

After inaugurating herself into the realm of NFTs back in March through the purchase of a Bored Ape, pop icon Madonna is now launching her own collection.

To ensure all eyes remain transfixed on her artistic renderings, the material girl has consulted the expertise of notorious digital artist Beeple, where together, they’ve curated a three-video, NSFW NFT series titled ‘Mother of Creation’.

Each of the videos in the ‘Mother of Creation’ series begins with an explicit, close-up shot of a naked, CGI Madonna giving birth.

To highlight the juxtaposition and rather inevitably of the natural process, each of the videos are set in an environment which contrasts with the miracle of giving birth, with the ‘Mother of Nature’ video NFT being set in a sterile research laboratory.

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2022-05-10 17:57:10 Meta will test digital collectibles on Instagram starting this week

Mark Zuckerberg, CEO of Facebook’s parent company Meta, said that the company is starting to test digital collectibles on photo and video sharing platform Instagram this week, signaling a move toward adding nonfungible tokens, or NFTs.

In an interview with Impact Theory’s Tom Bilyeu published to Facebook on Monday, Zuckerberg said the move to test digital collectibles on Instagram was the first step toward allowing creators and collectors to display NFTs on other apps under Meta’s control: WhatsApp, Facebook Messenger and Facebook.

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