Soul Rebirth: Will it be a unique GameFi experience?
Soul Reborn is a new type of P2E (Play to Earn) MMORPG (Massively Multiplayer Online Role-Playing Game) that combines the concepts of DeFi (Decentralized Finance) and NFT (Non-Fungible Token), originating from the renowned online game Soul Worker.
Bored Ape Yacht Club NFT Prices Plunge as Machi Big Brother Makes Major Moves
June 26 (Cointime) -The price of the Bored Ape Yacht Club NFT fell on a series of sales by Jeffrey Huang, also known as Big Brother Machi. Huang has sold a total of 50 Apes over the past few days, with one transaction cashing out 19 Apes for ether already worth about $1.2 million. The base price of the series of NFTs is under pressure and is at its lowest priced nadir since Ethereum’s yellow move in November 2021. On Sunday, however, the series rebounded after Huang acquired 14 Bored Apes. NFTs are unique digital tokens associated with items, often used in areas such as digital artwork.
VeChain, the Leading Enterprise-Grade L1 Blockchain, Held a “Sustainability Masterclass” Event in Florida To Drive the Digital Revolution Through New Technologies
June 26 (Cointime) -VeChain hosted a "Web3 Sustainability Masterclass" event in Florida to support continuous dApp development through and new VET micro-education. Senior Technical Mission team leaders briefed participants on their mission, platform, and latest releases, including updates to the Hardhat, Remix, and Open Zeppelin libraries, vorj.app, and more. Additionally, VeChainThor is driving the digital revolution and is trusted by Fortune 500 companies. Also working with worldofv_art and EXplusnft, a physical digitized trophy was made for the StreetSkateboardingRome finals, embedding an NFC chip to access the unique NFT.
FTX Creditor Pledges Claim as Collateral for DeFi Loan in First On-Chain Transaction
June 24 (Cointime) - A creditor of the now-bankrupt crypto exchange FTX used a claim as collateral for a loan on the DeFi platform Arcade. The claim was tokenized and represented by an NFT, making it the first on-chain loan backed by a FTX claim. The NFT was used as collateral for a $7,500 loan to be repaid in five days, with the lender entitled to the claim in case of default. The transaction highlights the growing trend of real-world asset tokenization in DeFi, with a wide range of assets being tokenized, including stocks, government bonds, real estate, and commodities.
Longtime BAYC Holders Sell NFTs, Unique Wallets Decline
June 23 (Cointime) - According to Nansen, the number of unique wallets holding at least one Bored Ape Yacht Club (BAYC) NFT has been declining over the past week, falling below its October 2021 level. Many longtime BAYC holders have also been selling their NFTs, with 39 of them owning their BAYC for over a year.
Machi Big Brother Proposes AIP To Acquire NFT Collections for Museums Worldwide
June 22 (Cointime) - Machi Big Brother, a prominent figure in the NFT community, has proposed an AIP to acquire several NFT collections and donate them to museums worldwide. The proposed collections include 1000 Bored Ape Yacht Club NFTs, 2000 Mutant Ape Yacht Club NFTs, and a selection of CryptoPunks. The move is seen as a significant step towards establishing NFTs as a legitimate form of art and culture.
Technical Development Monthly Report: June 2023
Technical Development Monthly Report: June 2023
Bitbyte.Finance: Can Multi-chain Aggregation + NFT + DAO Create a New Crypto Finance Ecology?
Bitbyte.Finance is a decentralized aggregation platform. Finance is a decentralized aggregation platform based on the Decentralized Exchange (DEX), which is a multi-chain financial and social aggregation platform for digital assets.
Founded by Ex-CEO of Riot Games Asia, Ambrus Studio Pioneers the 'Play for Fun' Approach in the Web3 Gaming World
Ambrus Studio champions a "Play for Fun" approach instead of "Play to Earn," aiming to attract authentic players who genuinely appreciate the gaming experience.
Rapper Turned NFT Mogul Jeffrey Huang Buys $25M LA Mansion
June 19 (Cointime) - Jeffrey Huang, the rapper turned NFT and blockchain mogul known as Machi Big Brother, has reportedly bought an all-new Los Angeles mansion for $25 million. Huang, the founder of C.R.E.A.M. Finance, has made a name for himself as one of the biggest collectors of Bored Ape Yacht Club NFTs and recently made headlines when he sued a crypto sleuth for allegations made in a Medium article.
Meet Frank DeGods: The UCLA Dropout Turned NFT Visionary and Co-Founder of DeLabs
June 19 (Cointime) - Frank DeGods, a former UCLA student who dropped out and later became an NFT mogul, has made a significant impact in the NFT world with his projects DeGods and y00ts.
Solana's DeFi Performance Declines, NFTs and Social Engagement Offer Glimmer of Hope
Solana's DeFi performance has seen a decline due to falling volumes on the protocol's decentralized exchanges. However, there has been growth in the NFT sector and social engagement, while stakers remain optimistic. Despite a recent lawsuit filed by the SEC causing a decline in sentiment, there has been an increase in the number of addresses staking Solana, indicating continued confidence in the network's long-term potential. Solana's future growth may depend on its ability to make significant strides in the DeFi sector.
Huobi Launches Huobi Mars Program to Explore the Universe
June 15 (Cointime) - Huobi, a virtual asset trading platform, has announced the launch of Phase I of its Huobi Mars Program, which aims to explore the universe. The program will consist of 12 rounds, with each round featuring a themed activity for participating users to complete and mint space NFTs. One lucky user will be selected to win a monthly reward and be shortlisted as a candidate space passenger. The eventual passenger for space travel with Justin Sun will be determined in Phase II, based on evaluation criteria such as physical fitness, training, and community contribution.
SEC Documents Shed Light on Ethereum's Security Status and Potential Impact on NFTs
According to Cointime news on June 14th, The SEC has released documents related to their legal battle with Ripple, which accused the company of selling unregistered securities in the form of XRP. These documents include emails and notes that provide insights into the SEC's approach to regulating the crypto industry and could have implications for the legal classification of Ethereum and Bitcoin. The documents also shed light on a speech given by former SEC director William Hinman in 2018, clarifying that Ethereum was not viewed as a security at that time. While the impact on NFTs is not directly addressed, the SEC's involvement in crypto regulation could lead to increased scrutiny and potential regulatory actions for NFTs.
DeFi Faces Competition from Ethereum's Annual Staking Reward, but Liquid Staking Derivatives Could Revive Network Activity
According to Glassnode analysts, the DeFi activity on Ethereum has decreased during the bear market and is facing competition from Ethereum's annual staking reward of 4%. However, there is a growing DeFi narrative around liquid staking derivative (LSD) tokens that could revive Ethereum's network activity. The percentage of gas consumed by DeFi protocols has dropped from 34% in 2020 to 8-16% presently, with NFTs commanding the maximum share of 25-30%. The DeFi "Blue-Chips" have lost 88% of their market capitalization from the all-time highs of $45 billion in May 2021. Staking has become popular among Ethereum investors, especially after the Shapella upgrade in April 2023, which enabled redemptions from the staking contract. LSD platforms like Lido and Rocket Pool account for one third of this massive market. These applications offer tokenized representation of staked ETH, allowing investors access to the staking yields without compromising liquidity. The liquidity of LSD tokens on Curve Finance, the largest stablecoin exchange in the market, has surpassed $1.5 billion.
DeFi Still Faces Trust Issues Despite Potential for Revolutionizing Financial Industry
Despite the growing popularity of cryptocurrency and decentralized finance, DeFi still faces trust issues from insiders and outsiders alike. The total value locked in DeFi protocols decreased by over US$200 billion in 2022, reaching US$53 billion by year-end. However, ignoring DeFi is not an option as it is essential for the development of future blockchain applications.
Solana's NFT Ecosystem Registers Growth Despite Bearish Market Indicators
Solana's NFT ecosystem experienced growth last week, with Magic Eden becoming the top-performing NFT player. The number of NFT sellers and buyers increased by over 20%, and transaction volume also saw a marginal increase. Additionally, Solana's TVL, DEX volume, and daily transactions all showed upward momentum, indicating positive growth for the blockchain. Despite a bullish weekly chart, other market indicators for SOL remained bearish.
"Another World: A Metaverse Game Where Players Flex Bored Ape and Other NFTs in a 3D Environment"
Another World is a metaverse game that allows players to showcase their Bored Apes, Clone X, OnChainMonkey, and Azuki NFTs in a 3D environment inspired by the Apes' swampy homelands and Azuki's Japanese anime-inspired aesthetic.
MetaZone Raises US$3 Million To Expand Its NFT-Based App Platform for the Metaverse
ChainwireMetaZone has raised US$3 million in a seed funding round led by Sfermion and CMT Digital to expand its META platform, which allows creators to mint NFTs for 3D digital content and apps that can be distributed in the metaverse. Each creator's META can be purchased and used to install each app on digital land, and some creators have generated six-figure sums. MetaZone aims to onboard a billion citizens to the metaverse and expand into multiple metaverses, with limitless potential for the emerging digital economy. Visit metazone.io or follow @MetaZoneio on Twitter for more information.
Bitcoin miners see surge in transaction fee revenue due to growth of on-chain artworks and NFTs
Bitcoin miners experienced a surge in transaction fee revenue in May, reaching a level not seen in over two years. The share of mining revenue from transaction fees rose to 14.3% as of May 29, an increase of over 11% from April.
