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01 🖼 Web3 Platform Galaxis Tips NFTs To Create Sustainable Communities
One of the major barriers to widespread adoption of NFTs has been a skepticism of their utility and value, with many viewing digital collectibles as nothing more than speculative assets. That’s the assumption that Galaxis, a brand-new no-code solution for NFTs, is looking to challenge. Let’s take a look at how Galaxis is reshaping the digital collectibles landscape, unlocking new ways for creators and artists to engage and interact with their communities.
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02 🖼 NFT artwork by humanoid robot sells at auction for nearly $700,000
A digital artwork by humanoid robot Sophia was sold at auction on Thursday for $688,888 in the form of a Non-Fungible Token (NFT), the latest sign of a frenzy in the NFT art world. NFTs, a digital signature saved on blockchain ledgers that allows anyone to verify the ownership and authenticity of items, have become the latest investment craze, with one artwork selling this month for nearly $70 million.
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03 🖼 Heba Ismail brings Saudi representation to NFT ecosystem
Saudi artist Heba Ismail showcased her work at the Outer Edge Innovation Summit in Riyadh this week. Commenting on her experience at the summit as one of the first Saudi artists to venture into the Web3 art scene, she said: “Having my paintings displayed on the event screens is a tremendous honor, offering global visibility and inspiring more Saudi and Arab artists to explore the diverse options available for sharing their art with the world.
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04 🔫 Young Europeans are spending money in the metaverse
European tweens are increasingly willing to spend money in the metaverse to buy virtual products. Almost half of eight- to 12-year-olds have already bought a digital product, and a third are even willing to spend their own money. Thirty-seven percent of young European parents whose children play in the metaverse say their child has spent money (their own or their partner’s) on digital products, according to the latest YPulse survey.
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05 🖼 Yuga Labs ‘Lost Its Way’ Says CEO as Bored Ape NFT Maker Reveals Layoffs
Bored Ape Yacht Club creator Yuga Labs continued its recent shake-up by announcing a restructuring initiative on Friday, which will include a new round of layoffs following a previous wave last October. Yuga Labs co-founder Greg “Garga” Solano, who returned as CEO in February, announced the news via Twitter on Friday, sharing screenshots of a Slack message sent to the team.
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06 📉 Justin Bieber’s $2 Million NFT is Now Worth Less Than $100,000
Celebrities often venture into uncommon realms seeking innovation. For Justin Bieber, the Non-Fungible Tokens [NFTs] space became a captivating pursuit. While the journey started strong, the volatile nature of the market has transformed it into a cautionary tale. Justin Bieber’s NFT portfolio, once valued at over $2 million, now languishes at a meager fraction barely exceeding $100,000.
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07 🖼 NFT Lending Market Top $2 Billion in Q1 2024
The latest report by NonFungible.com highlights a big milestone in the NFT lending world. In the first part of 2024, the market hit over $2 billion in volume, showing a 44% increase from the end of 2023. The quick rise is catching the eye of investors and NFT owners alike. It is quite easy to use your NFTs to secure a loan. Platforms for lending let users lock up their NFTs and get a loan in return. This means they can access cash without selling off their precious digital assets.
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08 🖼 NFT lending volume surpass $2 billion in Q1 as holders search for liquidity
The lending market based on non-fungible tokens (NFT) as collateral surpassed $2 billion in volume during the first quarter, sustaining growth of 44% compared to Q4 2023, according to a CoinGecko report.
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09 🖼 Crypto Champion Launches Today with New NFT Features
Crypto Champion, a web3 mobile and browser-based game, officially launches today after nearly three years of development. The game incorporates a dual-token system and features arena battles with five races to choose from — Undead, Elite Military, Cyberpunk, Western, and Fantasian — each with distinct traits and abilities. Crypto Champion also includes a pet system that players can evolve into NFTs to be traded or sold.
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10 🖼 Trust Wallet Partners with GoMining to Introduce the NFT Collection Trust Box
Trust Wallet, a well-known web3 gateway and crypto wallet, has announced an exclusive partnership. The company says that it is integrating with GoMining (a prominent NFT platform) to introduce an exclusive NFT collection named Trust Box. On its official X account, the company revealed the latest announcement of the partnership.
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11 🖼 Indie Gem ‘Crystal Armada’ Soars into the NFT Space
A visionary indie game development team is inviting players to fleet command in ‘Crystal Armada – Rise of Terra‘, a game that redefines strategic space engagement with its unique simultaneous turn-based execution system. Set against the backdrop of a galactic crisis, Crystal Armada offers an innovative approach to space battles, blending turn-based strategy with real-time action. Every move is meticulously planned, every outcome considered, crafting a thrilling dance of destruction where cunning and tactics are as vital as the might of your fleet.
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12 💰 Polygon NFT Activity Rebounds in April, Driven by Dew
NFT activity on Polygon has gained traction in April. CryptoSlam data shows that the number of unique buyers of Polygon-based NFTs surged on April 18 to the highest level since June 2023. Over 36,000 NFT purchases were recorded on that day. Polygon ranks fourth among blockchain networks by NFT trading volume after Bitcoin, Ethereum, and Solana. As we reported via X, Dune data compiled by Sealaunch shows that Polygon NFT sales maintained above $1 million for seven consecutive days to April 18.
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13 🖼 Louis Vuitton Bestows €7.9K Jacket by Pharrell to NFT Holders
Casting a spotlight on the NFT space yet again, Louis Vuitton recently introduced a premium western-inspired leather jacket accompanying an Ethereum-based NFT collectible dubbed ‘Varsity Blouson’. The apparel boasts suede buckskin, shimmering fasteners, and an intricately embroidered emblem, encapsulating the current enthusiasm for “cowboy fever”, as per Vogue, and the high-end collector’s market.
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14 🖼 Damien Hirst Launches Chainlink Price Index for NFT Project
Damien Hirst’s first non-fungible token (NFT) collection is getting a dedicated price index courtesy of Chainlink, a crypto network and data provider. When Hirst – the British artist best known for wildly expensive works involving taxidermied sharks and diamond-studded skulls – released “The Currency” last year, the project took most of its cues from other popular NFT collections. Like CryptoPunks or the Bored Ape Yacht Club, “The Currency” consists of 10,000 images with slight variations.
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15 🖼 Telegram Plans to Transform Stickers and Emojis as NFTs on TON
Telegram, the popular instant-messaging platform, announces its plan to tokenize stickers and emojis, transforming them into NFTs on the TON blockchain. This move follows Telegram’s recent tokenization of usernames and anonymous numbers, which allowed users to claim up to 95% of sales revenue. By extending tokenization to stickers and emojis, Telegram aims to further integrate the app with the TON blockchain, leveraging its scalability and further provide communication solutions to its expansive user base.
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16 🖼 Crypto Trading Game Banksters Concludes Airdropped NFT Contest With Its Mainnet Launch
The educational NFT-based crypto trading game Banksters has celebrated the upcoming launch of its Mainnet with a new airdrop that rewards its most active and best performing players. The event ran from April 3 to April 17, and ended up with the 1,000 highest-rated Banksters’ players receiving an airdropped NFT showcasing various traits and levels of rarity. The NFTs were valued at a combined 100,000 USDT. ‘
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17 🖼 BAYC Creator Yuga Labs Offloaded 2 NFT Games To Faraway
Yuga Labs, creator of the Bored Ape Yacht Club (BAYC) NFT collection, has announced the sale of the intellectual property rights for two of its games. This move is part of Yuga Labs’ previously declared commitment to refocus its organizational efforts. In an April 17 announcement on X, Yuga Labs revealed the decision to transfer the IP rights of HV-MTL and Legends of the Mara to Faraway.
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18 🖼 SBI Group to Unveil NFTs on XRP Ledger for World Expo 2025 in Japan
Japan’s SBI Group has announced plans to issue non-fungible tokens (NFTs) on the XRP Ledger for the upcoming World Expo 2025 in Osaka. SBI Group is a financial service conglomerate based in Japan. Using Ripple’s XRP Ledger, SBI will create and distribute visitor NFTs featuring MYAKU-MYAKU, the official character of the Expo. Attendees can obtain these digital collectibles by participating in Expo activities and utilizing the Expo mobile app.
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19 🖼 CyberKongz Bitcoin NFTs Near $5M Market Cap Under 24 Hours
CyberKongz began airdropping its first batch of Bitcoin NFTs yesterday—strategically ahead of tomorrow’s Runes Protocol debut and the Bitcoin Halving event. The NFT project dubbed ‘Prometheans’ aims to release 21,000 assets across 16 different batches. To date, 8,400 NFTs have been airdropped to 20 leading Ordinals communities and 1,200 CyberKongz holders on the Ethereum blockchain.
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20 🖼 Bored Ape Creator Yuga Labs Just Offloaded NFT Games to Sharpen Focus on 'Otherside'
Yuga Labs, the startup behind the Creator of Bored Ape Yacht Club (BAYC), has sold two of its gaming IPs to Web3 gaming studio Faraway—a development team that has been working closely with Yuga since last year. Both HV-MTL and Legends of the Mara have been acquired by Faraway, along with associated NFT collections. Faraway is also adding Yuga Labs’ Chief Gaming Officer Spencer Tucker as its new Chief Product Officer to help maintain continuity as the games continue on under a new company.
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21 🖼 'Guy Explaining' Nightclub Meme to Be Sold as Ethereum NFT
A popular meme photo of a guy at a club yelling into a girl's ear—about something that she doesn't appear to be into—is going up for auction as an Ethereum NFT on Foundation. “Milk Edinburgh” received its name from the nightclub where it was taken—Milk, in Edinburgh Scotland. The picture was originally shared around the internet with a watermark of the club's moniker on it, which is why the name stuck, and it’s since been widely used as an example of a “guy explaining” or “mansplaining.”
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22 🔫 Meta Shift Focus From Gaming to an Education Metaverse
The announcement marks a significant step towards integrating virtual reality (VR) technology into educational environments. Let’s discover more about this important news for Meta. Meta’s Quest virtual reality (VR) headsets are one of the top XR headsets on the market. The company’s expansion into education signifies a growing trend towards immersive learning experiences. Meta is reportedly in pole position to dominate the VR sector, which has recorded a whopping 27.3% annual growth since 2020.
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23 🖼 Quantum Temple Promotes Regenerative Tourism Through NFTs
Quantum Temple, a web3 startup for immersive cultural travel, aims to transform the travel industry by offering authentic and regenerative tourism through NFT-enabled experiences. By partnering with the Indonesian Ministry of Tourism and Creative Economy, Desa Manukaya Let, and Mysten Labs, Quantum Temple has recently introduced their first ever web3-enabled travel experience at the UNESCO World Heritage Site, allowing tourists to explore Bali’s water heritage and participate in traditional rituals.
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24 🖼 Bored Apes' floor price hits lowest point since 2021, down more than 90% from all-time high
Bored Ape Yacht Club NFTs may have hit more than a rough patch as the floor price for the once-celebrated collection hit its lowest point since August 2021. As of Monday, the floor price on Bored Ape NFTs sank to 10.9 ether (about $34,000), according to NFT Price Floor data. The NFTs' floor price has not been that low since early August 2021, when it hit 9.5 ether, also according to the NFT data site. Yuga Labs, the creator of the Bored Ape Yacht Club, or BAYC, collection declined to comment.
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25 🖼 Adidas Releasing $2,500 Solana NFT Sneakers in Move-to-Earn Game 'Stepn'
Move-to-earn game Stepn announced the launch of a collaborative NFT collection with titan sportswear brand Adidas on Monday, with plans to bring Solana NFT sneakers from the brand into the fitness-focused game. The Stepn x Adidas Genesis Sneakers collection is the first in a series of “co-branded activities” between the two companies. In a year-long partnership, the collaboration will see more NFTs dropped as well as physical items.
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26 🖼 Gamma introduces FUKU NFT collection on Bitcoin
Gamma has introduced the FUKU NFT collection on Bitcoin, which contains 1,000 exclusive NFTs boosted by Gamma’s advanced technology. These are inscribed straight on the Bitcoin blockchain. This was divulged at HappyFace World head office in Las Vegas, Nevada. The deliverance occurred when there was an incredible increase in NFT sales, witnessing a 46.8% jump compared to the previous week, amounting to $289 million. The increase is attributed to the jump of Bitcoin Ordinals, a new sort of NFT gaining ground in cryptocurrency.
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27 🖼 Cryfi Reveals Founder Pass NFT Following Alpha Launch
Cryfi, a platform for trading signals, has launched its Alpha version as a Telegram Mini App and announced the release of its Founder Pass NFT collection, offering users a plethora of perks on the platform, with availability starting May 3. The platform aims to enhance trading signal sharing within existing communities, adjustment, and implementation beyond basic copy-trading methods via API integration. The full-featured web app is scheduled for launch later this year.
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28 🤟 Yuga Labs NFT Royalty Sent To FTX US Address
According to blockchain intelligence firms Arkham Intelligence and Breadcrumbs, Yuga Labs, creators of the Bored Ape Yacht Club (BAYC), has been transferring royalties to a wallet connected to FTX US, which is now bankrupt. For the last two months, Yuga Labs have been flowing more than $250,000 worth of assets to the wallet address 0xAAe7aC476b117bcCAfE2f05F582906be44bc8FF1 that has been linked to FTX US. These transfers are ongoing as FTX US is going through its bankruptcy phase after its fall in November 2022.
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29 📉 Trump NFT Collection Trading Volume Plummets 99% Ahead Of Criminal Trial
The first edition of the Trump Digital Trading Card NFTs has experienced a significant downturn in sales, with trading volumes plummeting by 99% over the last 30 days. Data from OpenSea reveals a stark decline in transactions, with no activity recorded in the past week. This marks a sharp contrast from the initial buzz surrounding the collection, which generated over $50 million in total trading volume since its launch in December 2022.
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30 🔫 Animoca Brands Japan to launch NFT platform in northern summer 2024
Animoca Brands Japan, a subsidiary of the global Web3 leader Animoca Brands Corporation Ltd, has plans to launch a new NFT platform in the upcoming northern hemisphere summer. This initiative will serve as a launchpad for both local and international Web3 projects by leveraging Animoca Brands' extensive network, which includes more than 400 portfolio companies and an addressable user base of some 700 million.
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31 🖼 7-Day NFT Sales Increase by 37%, Bitcoin-Based Collections Lead
According to the latest data from Cryptoslam, the seven-day sales volumes of NFTs as of April 11 were $277 million, a more than 37% increase from the sales recorded in the previous period. During this period, the Uncategorized Ordinals compilation led the NFT collections ranking by volumes with sales of just over $10 million. PUPs BRC-20 NFTs were ranked second with sales nearly topping $4.5 million. In total, six Bitcoin-based NFTs were among the top ten collections with the largest volumes.
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32 🖼 SEC secretly investigated NFT developer Dapper Labs in 2023
The document, acquired by Fortune and referred to as a “Case Closing Report,” was signed off by David Hirsch, head of the SEC’s Crypto Asset and Cyber Unit, on Sep. 29, 2023. The report did not detail the reasons for the SEC’s inquiry into Dapper Labs, its initiation date, or the factors leading to the investigation’s termination. Dapper Labs is behind high-profile NFT projects such as NBA Top Shot and CryptoKitties.
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33 🔫 Wilder World Partners Samsung to Integrate Metaverse in Smart TVs
The team behind the Wilder World metaverse has entered a partnership with technology giant Samsung to bring its multiplayer virtual world to a wider audience through the company’s smart TVs. Wilder World’s integration into the Samsung ecosystem will begin with the inclusion of the metaverse’s assets and information on the company’s platforms and non-fungible token (NFT) gallery. The alliance focuses on Samsung’s launch of its Gen3 initiative, which is geared toward bringing web3 to its devices and gadgets.
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34 🖼 MoonPay joins Base ecosystem, Enhancing NFT marketplaces!
MoonPay is delighted to announce a new strategic cooperation agreement with Base, a layer two solution, and a project incubated by Coinbase. Its mission is to improve the digital payments ecosystem on Base. Users and developers should enjoy a seamless, safe, and dependable purchasing experience as a result of this coordination, which is expected to transform the way traditional markets—like OpenSea, the top peer-to-peer NFT marketplace in the world—handle transactions.
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35 🔫 USM brings in technologies by Vitalik Buterin for open metaverse
As per Vitalik Buterin, one of the persons responsible for Ethereum, for an open metaverse, the requirement is to bring together multiple factors, akin to how RACA is building with USM. There is an amalgamation of separate technologies to offer individualistic exposure to the community. Lately, Buterin has been airing his views regarding the path businesses take regarding the metaverse. In his opinion, the initial plan behind the expansion of virtual reality has deviated.
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36 🖼 8 Blockchain Giants Log $3.77 Billion in NFT Sales in Q1 2024
In the last 30 days alone, the digital collectible market has seen transactions totaling $1.15 billion, as per the most recent data. Coin98 Analytics, drawing on information from cryptoslam.io on April 1, revealed the leading eight blockchain networks by NFT sales in Q1. According to this data, Ethereum-based NFTs garnered $1.4 billion of the total sales across three months. Ethereum also recorded $970 million in wash trades, a distinction made clear by Coin98 Analytics’ depiction of ‘organic’ versus ‘wash volume’ sales.
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37 🖼 ChainBoost 2.0 Leads U-topia’s U-Pass Community NFT Release
The U-topia team is working tirelessly to ensure a smooth launch and a seamless experience for all community members. The launch of U-Pass NFT will be followed by an ultra-exclusive whitelist that will grant users access to rare IP-backed NFTs. We encourage interested parties to stay tuned for further updates on the campaign and NFT distribution. On this momentous occasion, leaders from both U-topia and ChainBoost2.0 shared their perspectives on the significance of this collaboration and its potential impact on the Web3 space.
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38 🖼 Data NFT platform enhances security and user participation with XP system
The Itheum Protocol introduces Data NFTs and a blockchain-agnostic XP system to boost user involvement and trust, aiming to redefine data ownership and exchange across various blockchains. The Web3 space faces challenges in user engagement and community growth. Central to these issues are malicious entities, including bots and bad actors, which erode the foundation of trust and security that Web3 endeavors to build.
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39 🔫 Augmenting medical tourism with the metaverse
Medical tourism, the practice of traveling abroad for medical treatment, has been a popular choice for individuals seeking cost-effective, timely, and high-quality healthcare services. Estimated to be worth $54.4 billion in 2020, the medical tourism industry is expected to grow to more than US$200 billion by 2027. However, the COVID-19 pandemic and the subsequent restrictions on foreign travel significantly affected the industry. As a response, the healthcare sector embraced telemedicine, incorporating virtual reality (VR) and augmented reality (AR) technologies to provide remote healthcare services.
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40 🖼 NFT sales decline fourth consecutive week amid surging crypto trading volumes
NFT sales volume marked another week-on-week decline on Friday with an almost 14% drop, Bitcoin.com reported. The fourth consecutive week of falling NFT sales stood in sharp contrast to record-high numbers of other crypto sectors for the month of March. For example, the combined trading volume on centralised crypto exchanges in March almost doubled to a record $9.1 trillion, according to Nasdaq.com.
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🖼 Web3 Platform Galaxis Tips NFTs To Create Sustainable Communities
One of the major barriers to widespread adoption of NFTs has been a skepticism of their utility and value, with many viewing digital collectibles as nothing more than speculative assets. That’s the assumption that Galaxis, a brand-new no-code solution for NFTs, is looking to challenge. Let’s take a look at how Galaxis is reshaping the digital collectibles landscape, unlocking new ways for creators and artists to engage and interact with their communities.
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🖼 NFT artwork by humanoid robot sells at auction for nearly $700,000
A digital artwork by humanoid robot Sophia was sold at auction on Thursday for $688,888 in the form of a Non-Fungible Token (NFT), the latest sign of a frenzy in the NFT art world. NFTs, a digital signature saved on blockchain ledgers that allows anyone to verify the ownership and authenticity of items, have become the latest investment craze, with one artwork selling this month for nearly $70 million.
Source
NFTs | DeFi | News
🖼 Heba Ismail brings Saudi representation to NFT ecosystem
Saudi artist Heba Ismail showcased her work at the Outer Edge Innovation Summit in Riyadh this week. Commenting on her experience at the summit as one of the first Saudi artists to venture into the Web3 art scene, she said: “Having my paintings displayed on the event screens is a tremendous honor, offering global visibility and inspiring more Saudi and Arab artists to explore the diverse options available for sharing their art with the world.
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🔫 Young Europeans are spending money in the metaverse
European tweens are increasingly willing to spend money in the metaverse to buy virtual products. Almost half of eight- to 12-year-olds have already bought a digital product, and a third are even willing to spend their own money. Thirty-seven percent of young European parents whose children play in the metaverse say their child has spent money (their own or their partner’s) on digital products, according to the latest YPulse survey.
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🖼 Yuga Labs ‘Lost Its Way’ Says CEO as Bored Ape NFT Maker Reveals Layoffs
Bored Ape Yacht Club creator Yuga Labs continued its recent shake-up by announcing a restructuring initiative on Friday, which will include a new round of layoffs following a previous wave last October. Yuga Labs co-founder Greg “Garga” Solano, who returned as CEO in February, announced the news via Twitter on Friday, sharing screenshots of a Slack message sent to the team.
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📉 Justin Bieber’s $2 Million NFT is Now Worth Less Than $100,000
Celebrities often venture into uncommon realms seeking innovation. For Justin Bieber, the Non-Fungible Tokens [NFTs] space became a captivating pursuit. While the journey started strong, the volatile nature of the market has transformed it into a cautionary tale. Justin Bieber’s NFT portfolio, once valued at over $2 million, now languishes at a meager fraction barely exceeding $100,000.
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🖼 NFT Lending Market Top $2 Billion in Q1 2024
The latest report by NonFungible.com highlights a big milestone in the NFT lending world. In the first part of 2024, the market hit over $2 billion in volume, showing a 44% increase from the end of 2023. The quick rise is catching the eye of investors and NFT owners alike. It is quite easy to use your NFTs to secure a loan. Platforms for lending let users lock up their NFTs and get a loan in return. This means they can access cash without selling off their precious digital assets.
Source
NFTs | DeFi | News
🖼 NFT lending volume surpass $2 billion in Q1 as holders search for liquidity
The lending market based on non-fungible tokens (NFT) as collateral surpassed $2 billion in volume during the first quarter, sustaining growth of 44% compared to Q4 2023, according to a CoinGecko report.
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🖼 Crypto Champion Launches Today with New NFT Features
Crypto Champion, a web3 mobile and browser-based game, officially launches today after nearly three years of development. The game incorporates a dual-token system and features arena battles with five races to choose from — Undead, Elite Military, Cyberpunk, Western, and Fantasian — each with distinct traits and abilities. Crypto Champion also includes a pet system that players can evolve into NFTs to be traded or sold.
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NFTs | DeFi | News
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🖼 Trust Wallet Partners with GoMining to Introduce the NFT Collection Trust Box
Trust Wallet, a well-known web3 gateway and crypto wallet, has announced an exclusive partnership. The company says that it is integrating with GoMining (a prominent NFT platform) to introduce an exclusive NFT collection named Trust Box. On its official X account, the company revealed the latest announcement of the partnership.
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