The Block Analyst: The Blur Royalty Mechanism Has Caused a Sharp Decline in Yuga Labs’ Royalty Income
According to The Block's analysis, Blur's introduction of a 0.5% royalty has greatly eroded the revenue of NFT studio Yuga Labs. Yuga Labs' royalty revenue for the third quarter of this year plummeted from $8.7 million in the first quarter to $2.5 million.
Arbitrum Week 2 Odyssey Events Resume on October 16th
Arbitrum announced that the second week of the Odyssey event will resume on October 16th. The interactive tasks for this round will take place on the NFT market TofuNFT and perpetual order book DEX Aboard Exchange. If users have already completed the tasks for the second week, they do not need to perform them again after the restart on October 16th.
Avant Arte and Yuga Labs Collaborate to Create Limited-Edition Tangible Prints of CryptoPunks
Avant Arte and Yuga Labs have collaborated to create two limited-edition tangible prints of CryptoPunks, called '10,000 On Chain' and 'Punk On-Chain'. The prints will be available for just 48 hours from October 26 for €600 each. The 10,000 On Chain artwork showcases all 10,000 Punks in one 60cm x 60cm UV pigment print, while Punk On-Chain is an exclusive opportunity for CryptoPunks holders only. Yuga Labs has previously gifted CryptoPunks to contemporary art museums, and this collaboration with Avant Arte further celebrates the physical stance of CryptoPunks in contemporary culture.
Yuga Labs’ Metaverse Game Otherside Announced the Removal of the Character “Shattered”
Yuga Labs' subsidiary, Otherside, has announced that "Shattered" is being taken down. The restoration of "Shattered" will be announced separately. Currently, the camp can still be used for farming and passive hunting. Yuga Labs has not yet revealed the reason for the removal. It is reported that "Shattered" is a new character introduced by Otherside in the second season of the game. Players (Voyagers) can obtain special treasures after defeating this character.
Users Have Minted Over 52 Million Compressed NFTs on Solana
Austin Federa, the strategic director of the Solana Foundation, posted on X platform that according to Dune data, users have minted over 52 million compressed NFTs on Solana in the past six months, and the number of holders has doubled.
Earlier in April, Solana launched state compression, a new method of storing data on Solana that can significantly reduce costs. The first use of this method to compress NFTs has reduced the cost of minting NFTs on Solana by 2,400-24,000 times.
Yuga Labs’ Latest Mara Series of NFTs Banned From Trading on OpenSea, Blur, LooksRare and SudoSwap V1
X (formerly on Twitter) user 0xCygaar stated that Yuga Labs has explicitly stated that their NFT series can only be traded on markets that enforce royalties (X2Y2 and SudoSwap V2), and their latest Mara series NFT is prohibited from being traded on OpenSea, Blur, LooksRare, and SudoSwap V1.
Otherside’s New General Manager: Plans to Include Otherside in 2023 Ape Fest
Two months after Yuga Labs acquired ROAR Studios and appointed its CEO, Eric Reid, as the new general manager of Otherside, Reid outlined the next steps for Otherside on Yuga Labs' official news site. He pointed out that in the coming weeks and months, Otherside will launch more content and experiences, and plans to hold an Otherside exhibition in Europe, while also planning to incorporate Otherside into the 2023 Ape Fest.
Starknet: The community will issue a commemorative NFT to celebrate the quantum leap of the Starknet mainnet Quantum Leap
On August 28th, Starknet announced on social media that the Starknet community will release commemorative NFTs to celebrate the Starknet mainnet Quantum Leap. It is understood that the commemorative NFTs will be released at 1:00 PM Beijing time on August 30th and will last for 24 hours.
The Floor Price of the First NFT Series Issued by Trump Rose to 0.193ETH, an Intraday Increase of 41%
On August 25th, according to OpenSea data, the first NFT series issued by former US President Donald Trump, the Donald Trump Digital Trading Card, returned to Twitter and tweeted today. After that, the floor price rose to 0.193 ETH, with a daily increase of 41% and a trading volume increase of 258%.
Trump's Digital Trading Cards Spike in Price
The trading volume of the Donald Trump's NFT cards increased by 256% in the past 24 hours, with sales jumping 220%. However, the price jump is mostly due to the activity of two wallets buying up the NFTs. <br>
Curve Finance Launched the Exclusive Page “Integrations” for Ecological Project Information Display
Curve Finance announced on its official Twitter account that its platform has launched a dedicated page for showcasing ecosystem project information called "Integrations". The goal is to list the applications built within the Curve ecosystem, which are currently divided into six categories: automation, decentralized finance, gaming/NFT, learning/data, voting/incentives, and other.
Coinbase CEO Participates in On Chain Summer Music NFT Auction
Coinbase CEO Brian Armstrong announced on social media that he participated in the On Chain Summer music NFT auction. The auction page shows that Armstrong bid 0.88 ETH for the NFT.On Chain Summer is an incentive activity for the launch of Coinbase's L2 network Base on the mainnet. The NFT of the same name was created by crypto artist @15 years of song a day.
US Supreme Court Justice Temporarily Halts Ruling in Epic Games vs Apple Lawsuit
U.S. Supreme Court justice has temporarily halted the Ninth Circuit Court of Appeals' ruling in the three-year lawsuit between Epic Games and Apple. This allow Apple continue enforcing its current App Store rules which not allowing iOS apps to offer external payment options.
Coinbase's Base Network Launches Publicly with NFT Giveaway
Coinbase is set to launch its Base Network, a new Ethereum-compatible side chain that will utilize Optimism Rollups for faster transaction processing. While this may result in slightly slower transaction speeds, it will also provide a more secure process as transactions must be validated on chain. The launch of Base Network comes as a solution to Ethereum's congestion during high transaction volume periods.
Bitcoin Rises Slightly After PayPal Launches Stablecoin, NFT Trading Volume Picks Up, Outflows Continue for Digital Asset Investment Products
Bitcoin experienced a slight rise following the launch of PayPal's stablecoin, PYUSD, which is fully backed by U.S. dollar deposits. However, other top 10 non-stablecoin cryptocurrencies remained flat or decreased, with Dogecoin being the biggest loser. The Forkast 500 NFT index increased as NFT trading volume picked up. Digital asset investment products experienced outflows totaling US$107 million in the week ending August 4, with Bitcoin-related products seeing the largest weekly outflows since March. However, outflows into Bitcoin short positions stopped for the first time in the past 14 weeks, suggesting institutional investors may be adjusting their Bitcoin strategies.
Bitcoin Ordinal Inscriptions Rebound in July, But Sales Volumes Drop Nearly 50%
Bitcoin NFT inscriptions saw a significant increase in July, but sales volumes in terms of dollar value decreased due to lower demand. Despite setting a new daily record with over 422,000 inscriptions on July 30, sales volumes for Bitcoin NFTs are expected to be almost 50% lower than the previous month. Ordinals, which allow for the creation of NFTs on Bitcoin, were launched in January. The trading volume for Bitcoin Ordinals in July is expected to be around $65 million, a 50% decrease from June. The increase in inscriptions in July may be attributed to Luminex releasing a modified BRC-20 standard that reduces fees associated with inscriptions.
Polygon's NFT Trade Metrics Plummet, but Positive Signs Emerge with Polygon 2.0 and zkEVM Gaining Traction
The NFT trade count and volume on Polygon's MATIC ecosystem experienced a significant decline in the past month, indicating reduced usage. However, the recent popularity of Polygon 2.0, zkEVM, and NFTs could change the scenario. Despite the decline, there is still potential for the blockchain's NFT ecosystem to flourish, especially with the upcoming launch of One Planet NFT marketplace on Polygon 2.0. While MATIC's price has been under pressure, some metrics suggest a trend reversal, such as the declining exchange reserve and oversold stochastic.
Guide | How to Quickly Create an NFT Application Using the NFTScan BTC API?
Developers can quickly create applications based on NFTScan's Bitcoin NFT API, such as an NFT Marketplace.
The British Museum Partners With the Sandbox To Create NFT Digital Collectibles and Immersive Space in the Metaverse
The British Museum has partnered with Ethereum-based metaverse game, The Sandbox, and French startup LaCollection to create a range of NFT digital collectibles that reflect the museum's collections. The partnership will also see The British Museum create its own immersive space within the online game world.
MNTGE Launches Limited Edition Ethereum NFT Patch Collection Called Patchwork
Digital fashion brand MNTGE has released a limited edition collection of 7,500 Ethereum NFT patches named Patchwork, each custom-designed by one of 11 contemporary artists. These patches can be redeemed for physical versions with NFC chips and will be sold on the OpenSea marketplace for 0.07 ETH each. MNTGE is also using Ethereum's ERC-6551 technology to enable NFTs to "hold" other NFTs, unlocking new features and use cases.
