NFTs & DeFi 🗓

🖼 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. Source NFTs | DeFi | News

🔫 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. Source NFTs | DeFi | News

🖼 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. Source NFTs | DeFi | News

📉 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. Source NFTs | DeFi | News

🖼 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. Source NFTs | DeFi | News

🖼 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. Source NFTs | DeFi | News

🖼 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. Source NFTs | DeFi | News

🖼 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. Source NFTs | DeFi | News

💰 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. Source NFTs | DeFi | News