NFT & Crypto Updates

💰 Asia Broadband Launches Gold-Backed NFTs on Solana Asia Broadband, a team of gold mine operations and creators of gold-backed cryptocurrency $AABB, have launched gold-backed NFT collection Golden Rascals on the Solana blockchain. The collection marks Asia Broadband’s expansion to Solana following the launch of their first gold-backed NFT collection, the Golden Baboons Mining Club, on Ethereum last year. Each NFT is backed by a half gram of gold, with legendary-rarity NFTs backed by a full troy ounce of gold. Source NFTs | OpenSea | News

🖼 'MadWorld' Mobile NFT Shooter Launches in Early Access as Studio Raises $11 Million MadWorld, a post-apocalyptic shooter game for iOS and Android, opened up registration for its early access playtest on Thursday, giving players an opportunity to test out its NFT-based territory control elements. And the studio behind the title, Carbonated, also shared that it has raised $11 million in fresh funding from prominent backers. The studio previously raised $8.5 million in 2020 with Andreessen and Bitkraft both attached then, as well. Source NFTs | OpenSea | News

📣 Changes to IP laws 'not necessary' to deal with NFTs, says report IP laws do not currently need to change to address infringement concerns relating to the use of non-fungible tokens (NFTs). So said the USPTO and US Copyright Office in a joint study published 13 March examining the IP law and policy implications of NFTs. NFTS are part of an emerging technology that leverages blockchain technology for a variety of uses such as representing ownership of digital art or authenticity of products and services, implicating IP rights. Source NFTs | OpenSea | News

🖼 Ronin Hits All-Time High Price as Ethereum Gaming Network Hosts Free ‘Kaidro’ NFT Mint Ronin, a gaming-centric Ethereum scaling network, continued its recent ascent early Wednesday, setting a new all-time high price to beat its previous record from 2022. The RON token spiked to $4.45 early Monday, though it has since cooled slightly to $4.31 as of this writing, per data from CoinGecko. It’s still up 12% on the day, and the latest surge has pushed its seven-day gains to a whopping 53% following a weekend pump. Source NFTs | OpenSea | News

🖼 Slovenia's SunContract launches NFT marketplace for solar panels Slovenian blockchain energy-trading platform developer SunContract has launched a non-fungible token (NFT) marketplace for solar panels, it said. The NFT marketplace was officially launched at the Crypto Expo Europe 2024 conference in Bucharest. The first series of NFTs, representing individual solar panels from a power plant in Slovenia's Visnje sold out on opening day, SunContract said in a statement earlier this week. Source NFTs | OpenSea | News

💰 Solana NFT marketplace Tensor issuing TNSR governance token Solana NFT marketplace Tensor announced it will issue a governance token. In a post to X, Tensor Foundation teased issuing the TNSR token, though without providing many details. "NFTs today are a niche community on the fringes of the web. NFTs tomorrow will power products, businesses and entire industries. NFT traders will go from thousands — to billions," the organization said on Tuesday. Source NFTs | OpenSea | News

🖼 NFT Providers May Need Registration to Comply With UK Money Laundering Rules Crypto businesses that issue non-fungible tokens (NFTs) in the U.K. rather than providing financial services will probably need to register with the Financial Conduct Authority even after the government introduces a new authorization regime for the industry, according to a consultation on money laundering issued by the Treasury on Monday. The government has been refining its crypto regulation environment, and last year said it planned to bring crypto exchanges and custody providers into the new crypto authorization regime. Source NFTs | OpenSea | News

🖼 Bored Apes and Other Yuga Ethereum NFTs Are Shedding Value Several NFT collections created by industry giant Yuga Labs have sunk to all-time low ETH valuations—at the same time that other NFT projects, including those acquired by the company, have grown in value on the wings of booming crypto prices. Mutant Ape Yacht Club (MAYC), for example, a collection released by Yuga in August 2021, has fallen to an all-time-low floor price of 2.4 ETH, according to CoinGecko—meaning the cheapest NFT in the 20,000-piece PFP collection can be acquired for that price. Source NFTs | OpenSea | News

🖼 Crypto Gambinos Focuses on NFT Sales After Successful $MOBCOIN Launch Crypto Gambinos, a project developed by Phantom Labs Pty Ltd, has successfully launched its native cryptocurrency, $MOBCOIN. With the $MOBCOIN presale complete, the token is now publicly available for trading on Uniswap. The NFT collection, available for minting on the Crypto Gambinos website, features a narrative centered around a character's evolution within a family hierarchy. The collection includes a range of characters, each with varying degrees of rarity, and totals 7,777 NFTs. Source NFTs | OpenSea | News

🟠 Binance exit sparks fears and opportunities in Nigeria’s crypto community According to local crypto stakeholder Nathaniel Luz, Nigeria’s crypto ecosystem will see the rise of new crypto exchanges that will fill the vacuum created by Binance’s exit. In separate interviews with Cointelegraph, local crypto stakeholders said the delisting of Nigerian naira-related services from Binance will lead to the rise of new crypto exchanges, which will fill the vacuum created by Binance’s exit by complying with local regulations. Source NFTs | OpenSea | News

#Market Update: BTC is currently above 69k level which is a bullish sign for the further bullish momentum BTC needs a weekly closure above it The Next week Major events : -US CPI tomorrow -US PPI and Retail sales day after tomorrow As we have a weekly closure tonight and major events coming so volatility is expected trade cautiously and must use Sl. @ChartsSignalsTrading

🖼 Musée d’Orsay Breaks New Ground with On-Chain Exhibition and NFT Auction The Musée d’Orsay, a renowned museum in Paris, is venturing into the world of blockchain and digital art with its first-ever commission of an on-chain NFT exhibition. These five single-edition NFTs (non-fungible tokens), minted on the Tezos blockchain, are a result of a captivating art installation and social experiment currently on display as part of the museum’s digital-themed exhibition, “Le Code d’Orsay.” Source NFTs | OpenSea | News

🖼 NFT Market Flourishes With an 11.62% Rise This Week Sales of Non-fungible tokens (NFTs) have witnessed a notable uptick this past week, climbing 11.62% to hit $442.02 million over the previous seven days. The most significant transaction was the sale of the ‘Alien’ Cryptopunk #3,100, donning a headband, for $16 million, with Bitcoin-based NFTs claiming the lead in sales volume across 22 different blockchains. Source NFTs | OpenSea | News

🔫 Busta Rhymes Brings Hip-Hop to the Metaverse TCG World, an online virtual community sandbox, has joined forces with Chooky Records, the music label, to introduce a chart-topping hit to the metaverse. The focal point of this collaboration is the highly anticipated premiere of the official “Chooky” music video within the TCG World metaverse. Featuring the vocal talents of Nigerian artist O.T., Australian/Japanese singer Elesia Iimura, and legendary hip-hop icon Busta Rhymes, the “Chooky” track took the music world by storm in 2023. Source NFTs | OpenSea | News

🖼 NFT platform Zora is offering a novel way for AI model makers to earn money Zora, an NFT-based social network platform, is continuing its expansion beyond the crypto-sphere into the hot artificial intelligence market, Dee Goens, the startups’ co-founder, said on Chain Reaction. The Zora Network is built on top of the layer-2 blockchain Optimism, which focuses on growing the Ethereum ecosystem. Since it was founded in 2020, Zora has had over $300 million in secondary sales, users have minted, or posted, over 4 million NFTs and it has about 1 million unique collectors, according to its website. Source NFTs | OpenSea | News

📉 Floor Prices Of Top 🖼 NFT Collections Crash As Cryptocurrencies Rally NFTs are underperforming the broader crypto markets amid the latest leg of bullish momentum posted by ETH and BTC. Token listings on Blur, the leading NFT marketplace, show five of the top six collections by daily volume suffering losses of between 20% and 37% when measured in ETH over the past seven days. The latter three collections also suffered losses of between 15% and 20% against USD over the same period, while BAYC tumbled 5%, according to NFT Price Floor. Source NFTs | OpenSea | News

🖼 NFT Platform Lost Worlds Launches Creation Portal to Enable Simplified GeoNFT Minting Location-based NFT platform Lost Worlds has launched a new Creation Portal, enabling users to create and deploy geographically-linked digital collectibles (geoNFTs) with unprecedented ease. Previously, creating and deploying geoNFTs required direct coordination with the Lost Worlds team. The Creation Portal changes this, opening the doors to anyone – from individual enthusiasts to large-scale projects – interested in crafting and exploring geoNFTs across any supported blockchain. Source NFTs | OpenSea | News

🖼 NFT fantasy sports startup Sorare lays off 13% of staff as web3 gaming continues to sputter Web3-enabled fantasy sports platform Sorare laid off 22 employees based in its New York office in February. The move comes as the startup wants certain teams to be concentrated at the company’s Paris headquarters to improve communication and efficiency, a source familiar with the matter told TechCrunch. “As we plan for our next stage of growth, Sorare has made the decision to centralize some of our functions at our Paris HQ,” Nicolas Julia, the co-founder and CEO of Sorare, told TechCrunch through email. Source NFTs | OpenSea | News

💰 Bitcoin halving will spur ‘surge’ in NFT volume Bitcoin halving looms closer, professionals working in the nonfungible token (NFT) space anticipate that the crypto milestone will not only affect crypto tokens but may also positively impact the NFT ecosystem. Oscar Franklin Tan, the chief financial officer of Atlas Development, a core contributor to the NFT platform Enjin, believes that NFT prices will “surge after the halving.” The executive argued that this is part of a known cycle where interest in Bitcoin spills over other ecosystems like NFTs. Source NFTs | OpenSea | News

🔫 Sony’s “Super-Fungible Token” System Reveals Plan for NFT-Powered Gaming Assets Sony has filed a patent for a new “super-fungible token” (SFT) system that aims to revolutionize how players own and interact with in-game assets and collectibles. The technology seeks to provide gamers with greater flexibility and control over their virtual items, potentially transforming the way we think about in-game ownership and economies. Source NFTs | OpenSea | News

🔫 Yuga Labs tests its Bored Apes-themed Otherside Metaverse Yuga Labs begins testing its Bored Apes-themed Otherside Metaverse, designed for players to choose their own fun, in the sense that players must regulate their own exposures. This was done to the advantage of a few NFT owners. A variety of responses were received from the users. The product is still in its early stages. In their opinion, all portions of the APES COME HOME exposure were positive, and their children enjoyed it as well. Due to the imagery, the effect was surreal. Source NFTs | OpenSea | News

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🖼 Reddit NFT Avatars Surge Past $1.5M in Daily Trades on Polygon, Hitting New Highs Reddit's venture into non-fungible tokens (NFTs) has marked a significant milestone, with trading volumes of its NFT avatar collection surpassing $1.5 million in the last 24 hours, according to recent data from Polygon and Dune Analytics. This surge accounts for over a third of the collection's total trading volume, which has escalated to $4.1 million since its inception. Concurrently, the platform witnessed a record-setting daily sales volume, with 3,780 digital collectibles exchanging hands, showcasing the growing interest and investment in digital art and collectibles. Source NFTs | OpenSea | News

🔫 Nokia’s 2030 Strategy Aims for Metaverse Expansion Nokia, a telecommunications infrastructure company, expects a surge in network usage due to advancements in the metaverse, Web3, and AI, and aims to address this demand by 2030. In their Technology Strategy 2030 report, Nokia emphasizes the need to develop a future network architecture to accommodate the evolving market for emerging technologies. Source NFTs | OpenSea | News

🖼 Bitcoin leads charge as weekly NFT sales skyrocket to over $423m The Bitcoin (BTC) network registered the most non-fungible token (NFT) sales in the past week, as overall transactions totaled a staggering $423,004,860. According to data compiled by Cryptoslam.io, Bitcoin emerged as the dominant force in NFT transactions, leading the charge with $160.37 million in sales, representing a remarkable surge of 80.45%. Ethereum (ETH) closely trailed behind, with $159.64 million in transactions, marking a respectable 14.41% uptick in ETH-based NFT sales. Source NFTs | OpenSea | News

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🖼 NFT Market Booms With 35% Sales Increase as Cryptocurrencies Rally As the value of cryptocurrencies has risen, the non-fungible token (NFT) market has experienced a 35.14% increase in sales compared to the preceding week. This marks the third consecutive week of sales growth in the NFT sector, with NFTs based on Bitcoin leading the charge throughout this period. Source NFTs | OpenSea | News

💰 Solana NFT market picks momentum, Rebel Satoshi prepares to launch Aside from Ethereum, Solana is a popular NFTs platform. NFTs also form part of the soon-to-be-launched Rebel Satoshi. Solana had inconsistent trading activity in 2023, barely exceeding $40 million monthly for the year’s first half. Things picked up tremendously from October 2023, when the blockchain experienced multi-fold percentages each month. The blockchain has already witnessed over $239 million in sales this January 2024. Source NFTs | OpenSea | News

🖼 Ordinals trader gets Bitcoin back after fat-fingered NFT purchase Bitcoin Ordinals trader recovered their money after making an error purchase of a $13,000 nonfungible token (NFT) on the Bitcoin network. On March 1, a Bitcoin Ordinals trader shared a post on X about how they made their “biggest mistake” since they started trading Bitcoin-based NFTs. The trader thought they bought an NFT for 0.021 Bitcoin worth about $1,287. However, the surprise came after the transaction when the trader realized that the NFT was listed for 0.21 BTC (around $12,877). Source NFTs | OpenSea | News

🖼 Ethereum NFT Card Game 'Gods Unchained' Hits iOS and Android Long-running NFT trading card game Gods Unchained has finally gone mobile. Immutable Games announced Wednesday it has launched the fantasy-based tactical game on iOS and Android devices worldwide. An early access version of Gods Unchained Mobile is now available on the App Store and Google Play Store. It provides a card combat experience on smartphones and tablets, turning the PC and Mac game into one that you can play pretty much anywhere. Source NFTs | OpenSea | News

🖼 ‘Parallel’ Ethereum NFT Card Game Set to Open to the Public Parallel, an NFT trading card game with assets minted across Ethereum and scaling network Base, will make its long-awaited move into open beta on Thursday, February 29, letting anyone jump in and start playing the competitive PC game. Previously available only in a closed beta, Parallel—GG’s pick for the best game of 2023—builds on the foundations of genre giants like Hearthstone and Magic: The Gathering, but with some fresh wrinkles and a distinctive space opera setting. Source NFTs | OpenSea | News

🖼 Post-Bitcoin ETF VanEck Enters NFT Space With SegMint VanEck, a global investment manager, is entering the NFT space with the launch of its new platform, SegMint. The platform is created in partnership with tech firms like Nueva.Tech and Delegate.xyz is geared towards crypto-savvy users in Europe and Asia, specifically excluding those in the United States. The platform’s “Lock & Key Model” is analogous to a high-security vault that allows digital assets to be shared without risking security breaches. Source NFTs | OpenSea | News

🖼 Other Page Brings Enhanced Web3 Profiles to Magic Eden NFT Marketplace Other Page and Magic Eden have announced a collaboration that aims to reinvent profiles within the marketplace by enabling users to customize their avatars and showcase their full Web3 legacy across all of their wallets and communities. Other Page's goal is to simplify profile creation by introducing a universal profile to flex the lore, IP licenses, lineage, club or guild affiliation, full sets, rare assets and inventory, as well as game data and achievements across both digital and IRL experiences. Source NFTs | OpenSea | News

🖼 Ubisoft Taps AI Analytics Firm to Bolster 'Champions Tactics' NFT Game Launch Gaming giant Ubisoft, the publisher behind hit franchises like Assassin’s Creed and Just Dance, is gearing up to launch its first original NFT game, Champions Tactics: Grimoria Chronicles—and has enlisted the services of a leading crypto gaming analytics startup to aid in that rollout. On Tuesday, Ubisoft announced a collaboration with Helika, a firm that provides on-chain and social analytics around games, along with marketing insights and game management functionality. Source NFTs | OpenSea | News

🖼 DeLabs Drops First Batch of NFTs for Upcoming RPG ‘Metabolts’ Today, the South Korean gaming titan Delabs is making waves with the inaugural NFT drop for its highly anticipated RPG, ‘Metabolts’. In anticipation of its 2024 release, the character-based game that emphasizes skill-based strategy is progressively unveiling 7,777 unique in-game NFTs via its official website, metabolts.io. These unique PFPs are available to everyone — including participants in the Private Sale, Whitelist Sale, and Public Sale — presenting an opportunity to acquire rare collectibles with actual utility. Source NFTs | OpenSea | News

🖼 Fabrica and NFTfi Spearhead NFT Loan for Arizonan Real Estate Fabrica, an innovative property management platform that utilizes NFTs, is in the spotlight for facilitating a landmark blockchain-enabled real estate transaction in Sun Valley, Arizona — as highlighted by the investor, Sean Murray, in a recent X post. The land’s current owner, known by the Ethereum address ‘3531.eth’, used their Sun Valley plot as collateral for a loan through Fabrica. In this arrangement, failing to repay the loan will result in the transfer of property ownership to the lender. Source NFTs | OpenSea | News

🔵 Circle and NFT-Driven Game ‘Overdare’ Collaborate on Web3 Wallets and USDC Payouts Stablecoin issuer Circle and South Korean NFT-driven metaverse ‘Overdare’ are teaming up to allow game developers to build in-game Web3 wallets within the platform. The collaboration will also empower game creators to facilitate direct USDC payouts on the platform, as per a Monday announcement. Developed by Krafton, the studio behind PUBG, Overdare is a create-to-earn metaverse game slated for a global launch in the second half of 2024. Source NFTs | OpenSea | News

💰 Solana NFT Sales Reached Massive Milestone as SOL Price Stalls at $100 Solana NFT sales shifted in Nov following stagnation pre-Nov 2023, with ongoing momentum leading to surge in volume. Solana-based nonfungible tokens (NFTs) have reached a significant milestone, surpassing an all-time sales volume of $5 billion, according to data from CryptoSlam. This surge in activity marks a turnaround for the Solana blockchain, which struggled to gain traction in the NFT space just a few months ago. Source NFTs | OpenSea | News

🔫 Kingdom launches heritage metaverse initiative Saudi Arabia’s Ministry of Culture has launched an initiative in the Metaverse, supported by an artificial intelligence system for Generative Media Intelligence, according to the Saudi Press Agency. The dynamic digital environment allows users to discover the Kingdom’s heritage by taking part in simulated activities. The collaboration with droppGroup utilizes Hyperledger Fabric 2.5 blockchain technology. Source NFTs | OpenSea | News