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Tag: NFT

  • NFT News and Updates From This Week

    In what comes as a breakthrough in the sub-realm of NFT Real Estate, the first ever real-world house was sold to an interested party. The transaction was fully digital and took place via the Roofstock on Chain NFT market platform, however, the ownership of the physical property is real. The transaction holds a wide range of implications that go beyond NFT Real Estate and demonstrates how real-life transactions can be conducted by means of non-fungible tokens on the blockchain.

    The American broadcasting giant, CNN has announced the closure of its NFT project dubbed ‘Vault’ after more than a year of it being operational. This untimely end faces mixed reactions from supporters, with many now accusing CNN of rug-pulling. The broadcasting company states that the project was to last for six weeks, but saw an extension due to the widespread support from interested parties. The official discord server of the Vault NFT is awash with accusations of rug-pulling, demands for refunds, as well as threats of legal action.

    A recent report by Reddit has shown that users have created up to 3 million crypto-wallets in response to the social media company’s launch of its Polygon NFT initiative. This will allow Redditors to buy, use, and trade avatars based on the classic Snoo character, otherwise referred to as the Reddit Alien. Prior to Reddit, a number of social media platforms launched profile picture NFTs, but none have been as well received as the case of Reddit, with millions of its users showing excitement and willingness to be a part of the change.

    NFTs to Watch

    Nyolings

    The Nyolings NFT collection is one that has been seeing significant hype in the NFT market, increasing in price by 123% in the last day alone. The collection features 7,777 lovable characters in a cutesy art style, with a wholesome vibe. The project aims to deliver high-quality artwork, whilst simultaneously establishing a tightly-knit and cohesive community of like-minded users.

    The brains behind Nyolings is its development team, who state that their ambitions are to look towards the future, with long-term and sustainable growth.

    DigiDaigaku Genesis NFT

    The DigiDaigaku Genesis NFT is another exciting collection that has been turning heads in the market and gathering serious interest amongst fans of the project. The collection essentially caters to enthusiasts of the anime art style of female characters, which has a giant following on the internet and in popular culture as a whole.

    A large aspect of the appeal of DigiDaigaku Genesis is the mystery surrounding it. There is little information available to outsiders about the world in which the characters reside, yet NFT holders have the opportunity to explore inside details and value their characters more with the newfound information.

    To keep up with similar weekly updates on the exciting world of NFTs, be sure to keep track of our publications on Stocks Telegraph.

  • NFT Developments of the Week

    NFT billboard

    The NFT market experienced a substantial decline this week, with total sales falling almost 11% compared to the prior week. Some of the largest NFTs in the market saw their capitalization fall significantly, with Bored Ape Yatch Club declining by 21%, and Cryptopunk slipping by 19%. This comes as a part of the wider pessimism surrounding the digital assets markets, which has traders hesitant with the anticipation of an interest rate hike by the US Federal Reserve, sometime this week.

    According to a recent report by Chainalysis, the lion’s share of web traffic in the Oceania region, and in Central and South Asia, relates to non-fungible tokens. This indicates a new milestone that suggests that NFTs are fast dominating the mainstream, and becoming a primary branch of the crypto-sphere, which many initially thought would be a trend soon to die out. Many of these countries are developing economies, yet seem to have recognized the economic and innovative potential that are inherent to NFTs.

    The international tourism hot center, Universal Studios has launched an exciting initiative for Halloween involving NFTs. The company has decided to hide several QR codes throughout its parks on Halloween, which can be scanned, and would allow visitors to acquire memorable collectibles in the form of NFTs. The use of NFTs in this manner is highly innovative, and indicates that traditional industries are willing to explore the utility and value that these digital assets offer.

    NFTs to Watch

    Hedz by Matt Furie

    The Hedz by Matt Furie NFT, which was launched just this month has been gaining ground to an impressive degree. With a volume of 677 ETH, and a market capitalization growth of over 580%, the NFT is climbing high amidst wider uncertainty.

    These collectibles are the brainchild of the meme world’s favorite, Matt Furie, the infamous creator of the 4chan meme, Pepe the Frog. This particular collection features 1000 NFTs of hand-drawn head figures of unique characters that have appropriate names. The chance to own one of these meme-worthy pieces has been sending a storm across the internet, causing enthusiasts to rally up prices, despite the wider uncertainties the NFT market is presently experiencing.

    Cool Cats NFTs

    Another exciting NFT that is making the rounds is that of Cool Cats. This collection boasts a present trade volume of 311 ETH and has seen overall market capitalization surge by over 900%.

    Cats are undoubtedly a favorite amongst folks on the internet, so the craze surrounding this collection hardly comes as a surprise. Cool Cats offer 9,999 randomly generated cat drawings which are curated in a stylistic manner and result in funny and unique cat personalities which are specific to the NFT. Owning a Cool Cat gives one the exclusive privilege of participating in events such as giveaways and raffles.

  • NFT Market Developments

    The once wildly hyped, NFT-renting platform, Rentable has shut down all operations after its founder stated that it had failed to get any traction from the market. According to the platform, NFT rentals have ceased, and withdrawals will continue until mid-October. The concept initially did seem feasible, where NFT holders could rent out NFTs instead of keeping them in their wallets bringing them no monetary value. However, the craze with NFTs seems to lie in its own rather than temporary possession.

    Ubisoft has apparently backtracked on its earlier enthusiasm towards NFTs, following the heat it faced for its Quartz project. In a recent interview, CEO Yves Guillemot stated that the company is merely researching NFTs, as opposed to committing to a forward-looking strategy for digital assets. The dial-down comes after Ubisoft’s core gaming market, which is entirely distinct from NFT enthusiasts criticized the shift.

    The most widely followed blockchain story of Ethereum’s Merge has been of particular interest within the NFT spaces. The most predominant criticism against NFTs was their environmental impact due to their being on the Ethereum network, which had been using the energy-intensive proof-of-work concept. Now with Ethereum set to transition to a proof-of-stake system, its carbon emissions are set to be cut down by 99%. This could open up significant opportunities for NFTs, without the environmental baggage on their shoulders.

    NFTs to Watch

    Otherdeed for Otherside

    The Otherdeed for Otherside NFT has been gathering tremendous hype in recent days. With a daily trade volume of 470 ETH and an almost 200% rise in a single day, Otherdeed clearly has the market’s attention. This is the key to owning land in the Otherside metaverse. The deeds to these virtual lands purchased have unique characteristics in terms of their sediment, environment, resources, as well as hidden artifacts.

    There is a total of up to 100,000 Otherdeeds offered, while existing owners stand at just above 34,000. As the hype continues to grow around this mega-multiplayer RPG, the value for Otherdeeds will continue to rise.

    Anomura Mystery Bowl

    Yet another NFT that has been surging in popularity recently has been that of the Anomura Mystery Bowl. This is part of the wider Oceanus virtual universe within which the game Anomura is set. Anomura is a strategy RPG game where players can earn digital collectibles and currency after winning exciting yet classical games.

    Volume for the Anomura Mystery Bowl stands at 409 ETH, with a 506% price rise seen in the last 24 hours. The Anomura Mystery Bowl is a collectible of mystical energy, which would deliver players a boost or an in-game advantage.

  • NFT News and Updates This Week

    With all the scare on cybercrime, a recent NFT-related development has increased market fear. A group of hackers has emerged with the claim that they have gained access to the passports of every citizen of Belarus, including the country’s president. The group, which identifies itself as the Belarusian Cyber Partisans, is now attempting to sell an NFT featuring the passport of the country’s president. They claim the move to be a fundraising event, which will allow the group to combat the “bloody regimes in Moscow and Minsk”.

    Social media and tech giant, Meta inc. announced earlier today that both its platforms, Facebook and Instagram will allow for the sharing of NFTs. In order to facilitate this, Meta further stated that users on both platforms will now be able to connect their wallets to the sites and post their digital collectibles. The move is a fundamental milestone in the NFT world, pushing it onto the mainstream realm, and enhancing the experiences surrounding the concept.

    The globally renowned French luxury design house, Hermès has filed a trademark in its name, in light of a strategy to explore the realm of NFTs. The trademark, which was filed last week, also mentions the brand’s broader ambitions in the metaverse market, offering virtual marketplaces, and virtual fashion products, along with the trading of cryptocurrencies and NFTs. The move likely comes as the company seeks to transform itself as a forward-looking company, that stands ready to enhance the way in which it connects with its customers.

    NFTs to Watch

    NFT billboard

    Decentraliens

    The Decentraliens NFT is one that has everyone’s heads turning, given its incredible rise of over 3880%, in the last 24 hours alone. Decentralians are essentially unique alien characters that have founded the Invisible College. Anyone holding these NFTs thus gains access to the incredible courses at the virtual college which are taught by some of the most influential names on the internet, such as Nas Daily, Ben Yu, and Zeneca.

    There is a total of 10,000 Decentralien NFTs, and 1,100 owners of these collectibles. Each of these 10,000 NFTs brings together a unique combination of traits of algorithmic generation, which result in different degrees of rarity.

    Clone X – X TAKASHI MUKARAMI

    Yet another NFT that has been surging in popularity is that of Clone X, which boasts a volume of 424 Ethereum. The collection features a set of 20,000 next-gen pieces which are essentially avatars. Several fashion virtual products can retrofit Avatars within the Clone X ecosystem.

    Much of the hype surrounding Clone X seems to relate to the upcoming forging feature that will release next week. This gives NFT holders a unique sense of creative freedom to personalize their digital collection as they deem fit. It also taps into metaverse applications, allowing users to try on purchased collections, through an augmented reality lens.

  • NFT Highlights Of The Week

    The cryptocurrency analysis firm, Elliptic recently published a report claiming that the total money lost to NFT theft in the last 12 months exceeds $100 million in total. The firm further went on to state that the average theft amount per scam stood close to $300,000. Moreover, the findings also mention that 52% of those involved in these activities turned to the service, Tornado Cash to launder their proceeds, in an untraceable manner. Tornado Cash was placed on a US sanctions list earlier this month.

    Pavel Durov, who is the founder of the widely popular messaging service, Telegram, has come up with a bold suggestion that has captured the attention of the NFT markets. He has put forward the idea of smart contracts, similar to the concept of NFTs, allowing an auctioning of usernames to potential buyers. A project of such a nature would well be within the scope of the company’s expertise, especially since the company had earlier designed The Open Network (TON). TON is a level-1 blockchain application, which allows users to acquire human-readable names for their digital wallets.

    The once highly popular NFT market, GameStop NFT, has been seeing a dismal plunge in revenues derived from non-fungible tokens. The past 24 hours have seen NFT sales total less than $167,000, delivering GameStop fee earnings of a mere $3,700. Just a month ago, in mid-July, the company was seeing daily revenue figures of almost $2 million, netting in fees of $45,000 a day. This understandably ties into the wider pessimism seen across all classes of digital asset markets, amidst fear and uncertainty.

    NFTs to Watch

    Bored Ape Yacht Club

    The Bored Ape Yacht Club NFT by YugaLabs has everyone’s heads turned, given its impressive 44% daily rise, despite a wider climate of fear and pessimism. The collection holds 10,000 unique NFTs of the Bored Ape theme, which are personalized to match a range of personality types and allows expression of self-identity. These NFTs further function as Yacht Club membership cards, which grant its owners a range of perks and privileges.

    Mutant Ape Yacht Club

    The second NFT collection to look out for, which is selling out like hotcakes is also by YugaLabs and is the infamous, Mutant Ape Yacht Club NFT collection. This NFT builds on the wild popularity of the Bored Ape collection, and offers mutation versions, with tokens portraying original apes. These versions however saw exposure to a vial of mutant serum. This collection holds 20,000 unique NFTs, with almost 13,000 individual owners. Given the interest surrounding the collection, prices jumped by a remarkable 65% in the last 24 hours alone.

  • NFT News and Updates for the Week

    The legendary, Oscar-winning icon of theater, Sir Anthony Hopkins has announced a partnership with the digital media company, Orange Comet. As a result of the collaboration, a series of NFTs will be released, that aim to showcase iconic scenes and artistic images that are associated with Hopkins masterpieces throughout his time as a filmmaker. The works have been dubbed as “The Eternal Collection”, and could possibly be setting a new precedent as to how legendary art could be memorialized.

    Tencent’s Huanhe, which is one of China’s largest NFT platforms has ceased sales of new non-fungible tokens, barely a year after initiation. The news comes as a surprise to Chinese NFT enthusiasts, and is a result of increased scrutiny by regulators. Although the release of new NFTs will no take place, users may still hold, display or seek refunds for existing tokens. The setback could have far reaching implications for NFT markets and its technology worldwide.

    The Solana-based wallet provider, Phantom, has recently come up with a new feature that identifies, and burns spam NFTs, which hacking groups typically send out. Every time users deploy the burn feature, they receive a miniscule amount of SOL coins. NFT technology is still in its early days, so such breakthroughs indicate significant progress towards the crypto-ecosystem becoming more refined over time.

    NFTs to Watch

    Swampverse

    The Swampverse NFT by Swamps is one that has everyone’s heads turned, given its incredible rise of over 1620%, in the last 24 hours alone. Swampverse offers 9,599 frog-themed collectibles which essentially serves as a membership token, giving its holders the right to certain privileges and rewards. The Swampverse itself is a tightly-knit community with play-to-earn games, limited merchandise, and other events take place. Swampverse offers a fun way for individuals to make an entry into the world of NFTs.

    Swampverse NFT

    Cosmic Clones

    Yet another NFT that has been surging in popularity is that of Cosmic Clones, which saw a price jump of nearly 952% in a mere 24-hour span. The collection features a set of 5,555 pieces of uniquely designed, hyper-realistic digital art featuring “eggs” of Mutants that have been absorbing the life-force of the planet and ready to grow.

    Swampverse NFT

    When eggs trade amongst individuals, they ‘warm up’,  their chance of hatching to reveal a legendary mutant rise significantly. Through the Opensea platform, the revelation of 10 legendary eggs take place from amongst those traded, whereas the rest will randomly spawn within common eggs. The ecosystem encourages trade, collaboration, and a sense of community amongst Cosmic Clone holders.

  • Jim Carrey enters the NFT Market

    While numerous Broadway stars are adding CryptoPunks and Bored Apes to their NFT assortments, and Goblins are presently the most smoking thing on the lookout, Hollywood hotshot Jim Carey has ventured into the universe of NFTs with his most memorable speculation, a work made by photographic artist Ryan Koopmans and Swedish craftsman Alice Wexell.

    On Twitter, the Canadian-American entertainer and double-cross Golden Globe victor let his adherents know that he chose to buy the NFT on account of its creative qualities, and specifically, the noteworthy manner by which it caught nature and its constant rejuvenation.

    This one stops me. James Joyce said that is something to be thankful for. Much thanks to you [Ryan Koopmans] for tenderly catching nature’s perfect and persistent rehash. BTW you’re my most memorable NFT the entertainer tweeted.

    Carey purchased the piece through the MoonPay administration on NFT commercial center SuperRare for ETH 20 (USD 39,500 at that point).

    The humorist’s NFT, ‘Devotion’, is a piece from the beginning task ‘The Wild Within’. The work of art series by Koopmans Wexell was intended to bring new life into deserted structures from the Soviet time, as indicated by the task’s site.

    It further made sense that Tskaltub, a town in Georgia, used to be a famous well-being location during the Soviet Union, notable for its remedial water and sumptuous sanatoriums, and it was visited by a huge number of individuals between the 1940s and 1980s, including Joseph Stalin and high-positioning authorities from Moscow, Russia.

    After the Soviet Union fell in 1991, the structures became abandoned, and from that point forward, they have been gradually rotting.

    Per the site, Koopmans visited this locale north for quite a while, investigating the vestiges and capturing the spaces, after which he teamed up with Alice Wexell, to carefully present vegetation, control the lighting and design, add sound by Erik Thome, and vivify the scenes – – all fully intent on restoring the vacant spaces, basically bringing life back into the rooms.

  • Gamestop looks forward to NFT marketplace

    Following the blended monetary outcomes for the primary quarter of the financial year 2022, the computer game retailer GameStop said that it is doing whatever it may take to overhaul its advanced resource wallet, with plans to empower exchanges on its planned GameStop non-fungible token (NFT) commercial center upon its expected send-off in the second monetary quarter.

    GameStop’s advanced resource wallet as of now empowers gamers and others to store, send, get and utilize crypto and NFT across decentralized applications. Sending off the organization’s own NFT commercial center, of which a beta rendition is as of now accessible, could additionally grow GameStop’s portion of this planned market.

    NFT makers are qualified to join through their structure in front of the approaching send-off.

    Talking during the profit approach to the primary quarter, Matt Furlong, CEO of GameStop, said that it the still up in the air to send off new items lined up with the drawn-out eventual fate of gaming.

    The retailer has revealed blended monetary outcomes for the primary quarter, incompletely helped by the offer of IMX tokens it had gotten from its accomplice, NFTs scaling arrangement supplier Immutable.

    GameStop additionally said that the past quarter permitted it to keep employing people with experience in regions, for example, blockchain gaming, among others.

  • Goblin Town NFT crossed Bored Ape Yacht Club

    The peculiar animal-themed Goblin Town non-fungible tokens (NFT) project has flipped the famous NFT project Bored Ape Yacht Club (BAYC) to turn into the top assortment concerning deals volume throughout recent hours.

    The venture has recorded almost USD 8.5m in deals over the course of the last day, up by underneath 1,000% contrasted with the other day (by 11:15 UTC on Thursday), as per NFT information aggregator CryptoSlam.

    Then again, Yuga Lab’s BAYC assortment has gotten recently over USD 2.8m in deals throughout recent hours, around 3x not as much as Goblin Town. Presently, Goblin Town is on the first spot on the list concerning deals volume, while BAYC is second on the rundown.

    The new venture’s floor has additionally expanded pointedly, arriving at ETH 1.94 (USD 3,535), up by 244% over the course of the last day. Besides, the assortment has baited 1,949 new purchasers over the course of the last day, up by 336% contrasted with the day earlier.

    The Goblin Town NFT project is an assortment of 10,000 NFTs highlighting a wide range of animals, including savages, mythical beasts, wizards, and mosquitoes.

    The venture’s space was enlisted simply 13 days prior, and it empowered financial backers to mint a free troll. Additionally, the makers of the task are as of now undoxxed, meaning nobody realizes who made these Goblins. On its site, the assortment says “no utility, no guide, no Discord people group.”

    Outstandingly, all Goblin Town NFTs are CC0 (inventive house zero), and that implies that no copyright is held for the whole NFT assortment. Along these lines, proprietors can decide to popularize their NFTs in any capacity they need.

    The ascent of the Goblin Town NFT project has left numerous in crypto pondering, with some contending that the assortment has obliterated bear market assumptions.

    In the mean time, notwithstanding the undertaking’s staggering ascent, some in the crypto space have contended that it is “going to 0.” Eric Conner, an item scientist at blockchain startup Gnosis, expressed: “Fwiw anybody that purchases that crap is a moron, it’ll be useless in a long time.”

  • The most Expensive NFTs till date

    The most Expensive NFTs till date

    Blockchain changed the advanced space and made it workable for nearly anything to be tokenized and made into an NFT.

    Crypto craftsmanship assortments, for instance, have been sold for a huge number of dollars as JPEGs. Probably the most costly NFTs offered to date have been from the Bored Ape Yacht Club (BAYC) and CryptoPunks assortments – two of the best brands in the NFT market.

    The Merge

    The Merge NFT presently beat the rundown of the most costly NFT offered to date. The powerful computerized fine art was made by a mysterious advanced craftsman known as Pak.

    The craftsmanship was sold for USD 91.8m on December 6, 2021. The Merge was solitary craftsmanship that was made out of an assortment of ‘masses’ that clients could buy. As a fractionalized piece, this implied that it was comprised of 312,686 pieces that were disseminated to 28,983 purchasers. Toward the finish of the deal, The Merge had created USD 91.8m, ousting Beeple’s The First 5000 Days to turn into the most costly NFT offered to date.

    The First 500 Days

    Before The Merge was sold in December 2021, Everydays: The First 5000 Days held the record for the most costly NFT sold for ten straight months. The fine art was made by the computerized craftsman, Michael Winkelmann, otherwise called Beeple.

    Beeple is a renowned computerized craftsman in the crypto workmanship local area as his fine art at Crossroads turned out to be a six-digit deal. The piece was sold at closeout at Christie’s on February 21, 2021, for USD 69m. The underlying bid by customary clients for the fine art was USD 100.

    The Everydays: The First 5000 Days is a huge fine art in the NFT people group as it turned into the precursor for standard crowds to investigate NFTs. Of interest, however, is that Metakovan, the moniker pioneer behind Metapurse and the purchaser of the craftsmanship, needs individuals to download the work of art he purchased for USD 69m as he has faith in free data (and paid millions for it).

    The Clock

    The Clock NFT piece was made by Pak and Julian Assange. It is a compelling NFT piece that goes about as a clock and counts down the number of days that Assange, WikiLeaks organizer, has been detained.

    The piece was made to assist with raising assets for Assange’s lawful protection. It was purchased by AssangeDAO, an assortment of individuals pooling cash to purchase the NFT on the side of Assange.