Sega's COO Sees Potential for NFTs in Blockchain Gaming
Sega's COO, Shuji Utsumi, expressed optimism about the potential of blockchain gaming and the role of NFTs in shaping the future of video games. This positive outlook is a shift from his previous statement that play-to-earn games were "boring." Utsumi's comments were made in an interview discussing Sega's recent licensing arrangement with blockchain firm Double Jump.Tokyo to create a new trading card game called "Battle of Three Kingdoms." The game will feature NFT cards inspired by Sega's Sangokushi Taisen card game and is aimed at the Asian gaming market.
CryptoPunk#6704 Was Sold at a Price of 400 ETH
October 16th, according to on-chain data, CryptoPunk #6704 was sold on October 14th for 400 ETH (approximately $619,000). This NFT is one of the 88 Zombie Punks.
Huang Licheng Bought 8 Art NFT Winds of Yawanawa in the Past Two Hours
October 16, on-chain information shows that Huang Licheng bought a total of 8 art NFT Winds of Yawanawa in the past two hours, spending a total of 117.77 ETH.
As of the time of writing, the floor price of this NFT is 14.5 ETH, with a 24-hour increase of 70.79%.
y00ts: The Cross-Chain Bridge Migrated to Ethereum Has Been Launched and Will Bear All Gas Fees on the First Day
October 16th, NFT project y00ts announced on its social media platform that the cross-chain bridge for migrating y00ts from Polygon back to Ethereum has gone live. The team will bear all gas fees for the first day and randomly distribute 10 y00ts to cross-chain wallet addresses within 24 hours. After October 22nd, a 33.3% royalty fee will be charged for trading y00ts on Polygon, and users are advised to migrate y00ts within 7 days.
Web3 Executives Claim NFT Price Collapse is a Sign of Maturation, Not Distress
Web3 executives believe that the recent steep decline in the price of nonfungible tokens (NFTs) is a sign of the technology maturing, rather than a cause for concern. While a recent report found that as much as 95% of NFT collections had no value, Decentraland Foundation executive director Yemel Jardi attributed this to speculative trading and emphasized the importance of anchoring NFT value to their utility. Despite recent setbacks, NFTs are expected to remain a valuable tool for the digital landscape, with potential use cases in government, institutions, and the entertainment sector. The NFT market currently has a capitalization of $5 billion, with CryptoPunks and Bored Ape Yacht Club being the two largest collections.
US SEC does not appeal Grayscale Bitcoin Trust case, driving NFT transaction volume to increase by 15%
According to CryptoSlam.io, a blockchain data aggregator, NFT ecosystem trading volume increased by 15% within 24 hours after the US Securities and Exchange Commission did not appeal the Grayscale Bitcoin Trust case, surpassing $9.7 million. It is worth noting that the number of active NFT investors also increased by 5.9%, with Ethereum-based on-chain NFT series sales contributing $5.2 million in trading revenue with a growth of 26.7%. Mythos Chain and Solana blockchain digital collections also showed significant growth, with cumulative transaction volumes of $1.3 million and $1 million, respectively. Mythos Chain NFT trading volume increased by 4.5%, while Solana-based NFTs increased by 23.5%.
NFT fragmentation protocol Flooring Protocol liquidity pool TVL exceeds $6 million
The NFT fractionalization protocol Flooring Protocol's liquidity pool TVL has surpassed $6 million, reaching $6.21 million, including:
· FLC Pools TVL of $4.48 million;
· μPPG Pools TVL of $1.13 million;
· μELEM Pools TVL of $0.6 million.
NFT purchasing solution NFTpay partners with Amex and Discover
NFT purchasing solution NFTpay announced a partnership with Amex and Discover. By integrating with Amex and Discover, NFTpay allows users to purchase NFTs with credit cards without the need for cryptocurrency and start collecting NFTs.
Cool Cats Avatars launches October 19th
NFT project Cool Cats announced on X platform that it will launch Cool Cats Avatars on October 19. It is reported that Cool Cats and Shadow Wolf holders will have the opportunity to participate in obtaining Avatars, which will expand to more ecological derivative projects in the future.
Huang Licheng: APE Staking Can Be Ended, Provided That the Venture Capital, Yuga and Founders Match the Removed Amount
Huang Licheng wrote on X platform: "We can end the APE pledge, provided that the venture capital, Yuga, and the founder match the amount that has been removed. I don't think this is impossible. No one wants to see us go to zero." Previously, on October 12th, Huang Licheng said: "We need transparency to understand which APE wallets belong to Yuga, the founder, venture capital funds, and contributors to token issuance."
Yuga Labs: BAYC Has Paid Part of the APE and Will Therefore Receive an Additional 150,000 APE Rewards
According to Spencer Tucker, the Chief Gaming Officer of Yuga Labs, "Bored Ape Yacht Club" (BAYC) has paid Yuga Labs Gaming a portion of APE (specific amount not disclosed) and will launch a new account. After receiving the APE funds, Yuga Labs will provide an additional reward of 150,000 APE to the top 10 finishers on the Rift Boss leaderboard. In addition, Spencer Tucker stated that they will further optimize game development based on community feedback and opinions.
Coinbase Urges SEC to Address Rulemaking Request for Digital Assets in Mandamus Petition
Coinbase has filed a mandamus petition with the US Court of Appeals for the Third Circuit in response to the Securities and Exchange Commission's (SEC) lack of response to its request for rulemaking. The petition seeks clarification on how federal securities laws apply to digital assets such as cryptocurrencies and non-fungible tokens (NFTs).
NFTfi Completes Protocol Upgrade and Can Support 5-Year NFT Loans and ERC-1155 Assets
NFT lending platform NFTfi has announced an agreement upgrade on X platform, which now supports NFT loans for up to 5 years (previously the limit was 1 year). Some users have already obtained a 2-year loan through Chromie Squiggle, with an annual interest rate of 10% and an LTV of 74%.
This upgrade also supports ERC-1155 assets, including various real-world assets (RWA) such as unlocked art, collectibles, real estate, and intellectual property as NFT collateral.
Yuga Labs to Host First-Ever Yacht Club Open House in Hong Kong
Yuga Labs, the parent company of popular NFT collections such as Bored Ape Yacht Club and CryptoPunks, has announced its first-ever Yacht Club Open House event in Kai Tak, Hong Kong on November 5, 2023. Unlike previous BAYC events, this occasion will be ticketed and open to non-members. The Open House will take place after Yuga Labs' members-only ApeFest 2023 and will provide insights into the future of Web3, including gaming, music, and storytelling. Tickets are available on a first-come, first-served basis through Tokenproof.
British MPs Express Concern Over Sports Clubs' Issuance of Cryptocurrency Fan Tokens and NFTs
British MPs have raised concerns about sports clubs issuing cryptocurrency fan tokens, including NFTs, as they could damage the reputation of sports institutions and the UK economy. The Culture, Media, and Sport committee (CMS) has published a report acknowledging the growing popularity of NFTs within professional sports, but also highlighting the risks to vulnerable spectators and the potential reputational damage to clubs.
NFT Paris Launches $NFTPARIS Token to Enhance Loyalty and Utility for Conference Attendees
NFT Paris, a prominent European web3 conference, has unveiled its exclusive token, $NFTPARIS, ahead of its third edition in February 2024. Unlike other tokens, $NFTPARIS will not be available for purchase and will be airdropped to the NFT Paris community. The token aims to incentivize the right crowd to attend the conference and reward loyalty, with early-bird ticket buyers receiving diminishing tokens as the conference date approaches.
NFT game StrayShot signs cooperation agreement with NBA players LaMelo and Lonzo Ball
iBloxx Studios, the developer of the NFT game "StrayShot", announced that StrayShot has signed a cooperation agreement with NBA players LaMelo and Lonzo Ball and their lifestyle brand Big Baller Brand (BBB), and they will be included as playable NFT characters. More details about the characters will be announced after the free game is fully launched. It is reported that this PC game (previously known as 0xBattleGround) is currently in the public testing phase. iBloxx CEO Domenik Maier said that StrayShot could be fully released as early as December this year, but it is more likely to be launched in February 2024.
Magic Eden Launches Tokenized RWA Collection Business
NFT market Magic Eden has officially announced that it will launch a business for tokenizing real-world assets (RWA) collectibles, and has partnered with RWA project Collector based on the Solana blockchain. On October 18th, they will release 100 tokenized digital collectible Pokemon cards, including 2000 Pokemon Gym Challenge first edition Holo Blaine's Charizard #2, 2006 Pokemon Crystal Guardians holographic Charizard #4, and more. It is reported that each card has physical card support, and the digital Pokemon cards will be minted in a non-public manner, but will support secondary market transactions.
Why is the StarkNet Ecosystem So Explosive Recently?
StarkNet is a Layer2 solution that utilizes zkSTARKs to scale Ethereum. It alleviates Ethereum’s network congestion by increasing the throughput and reducing the transaction fee.
