For every 1 SOL traded, users earn five “Magic Points,” placing users in one of five loyalty tiers. This ranking system will reward users with unique benefits, including exclusive creator content, partner discounts, and NFT giveaways airdropped directly to their profile. Source
On Dec. 14, 2022, statistics show that non-fungible token (NFT) sales jumped 27.72% higher than NFT sales recorded last week. The Bored Ape Yacht Club (BAYC) NFT collection captured the most sales this week but on Wednesday afternoon, the floor value tied to Cryptopunks once again jumped above the floor value associated with the BAYC NFT collection. $154 Million in NFT Sales Recorded Over the Last Week, Cryptopunks’ Floor Values Rise From last Wednesday up until today, $154.78 million in sales were recorded over the last seven days which is…
NFT Steez, a new weekly Cointelegraph podcast exploring nonfungible tokens and Web3 projects, spoke to Comic-Con legend Gareb Shamus about how he has used storytelling to build engagement and a “maker world” that grows and strengthens communities. What started off as a newsletter about comics — Shamus’ passion project — ultimately became known to the world as Wizard magazine. According to Shamus, Wizard was an outlet where he could “create a voice” and share with his friends the things he had discovered that excited him. Shamus touched on the importance of building…
Morningstar Ventures, an investment firm specializing in digital assets and blockchain technology, is opening its first interactive digital art gallery in the heart of Dubai. Located in the Burj Daman Tower (DIFC area), ‘37xDubai’ is positioned amidst Dubai’s business and lifestyle center. 37xDubai aims to bridge art and technology through focusing on web3 education, traditional art, digital art, entertainment, and community. A carefully curated collection of art mixed with digital experiences will make 37xDubai much more than just a gallery. Via educational programs, private events, and monthly gatherings, 37xDubai will…
Amid a crypto winter exacerbated by the FTX fallout, first-time and returning buyers have reached all-time highs in Polygon’s non-fungible token market. Yet, sales volumes are near all-time lows. Source
According to a Twitter post dated Dec. 11, SHHAN, creator of the black cats nonfungible tokens (NFT) collection Mimic Shhans, explained to users why he was blocking posts on community social pages written in the Chinese language. The move came after users condemned the new measures as discriminatory. According to SHHAN, who is based in South Korea, but created a Chinese post to specifically address the issue: “It is because I previously announced on Twitter and Discord that my team is trying to enter the North American market. Therefore, I…
Popular entrepreneur and NFT proponent Gary Vaynerchuck — also known as Gary Vee — has argued that oversupply, greed and subpar projects are the main reasons the NFT market fell so hard over the past year. On Dec.12, Vaynerchuck highlighted his latest blog post via Twitter which explores the NFT sector’s current issues and where he thinks it’s headed next year. Hope this article can help some of you, the feedback has been humbling …. Why I Said 97-99% of NFTs Would Go to Zero – Gary Vaynerchuk https://t.co/BmhO7OUGdH —…
Yuga Labs, creators of Bored Ape Yacht Club (BAYC) and crypto fintech Moonpay are facing a class-action lawsuit for allegedly using celebrities to misleadingly promote and sell nonfungible tokens (NFTs). Over 40 people and companies are named as defendants in the lawsuit, including Paris Hilton, Snoop Dog, Jimmy Fallon, Justin Bieber, Madonna, Serena Williams, Post Malone, and Diplo. The class-action was filed on Dec. 8 by John T. Jasnoch of Scott+Scott Attorneys at Law LLP in the Central District of California and claims the crypto companies used its Hollywood network…
Place/Date: – December 10th, 2022 at 2:37 pm UTC · 4 min read Source: Dogeliens Avalanche (AVAX) and Floki Inu (FLOKI) have been consistent players in the NFT sector of the cryptocurrency market for years. The Avalanche platform hosts a wide range of DeFi tools, while Floki Inu offers utility to its members through its versatility. However, the new Metaverse token Dogeliens (DOGET) will be looking to replace them on crypto charts after the platform officially launches. The developers are working on a sustainable platform that users will love participating…
Place/Date: – December 10th, 2022 at 2:01 pm UTC · 4 min read Source: Cryptoons In this piece, we will be talking about Cryptoons. Cryptoons is an NFT platform for comic creators and fans. As a recently launched project, we can’t help but look into its unique offerings. We compare it to two popular NFT-related projects and see what makes each project stand out. These NFT-related projects are Apecoin and SuperRare. Let’s dive deep! Apecoin (APE) Apecoin is the product of Yuga Labs. We can’t talk about NFTs without talking…