Pixel Vault will speed up the unlocking progress of the remaining PUNKS
Pixel Vault's official account posted a tweet stating that in order to welcome GG, the unlocking progress of the remaining PUNKS will be accelerated. All remaining PUNKS tokens will be allocated at once. The acceleration of PUNKS distribution will be weighted according to the time of investment. <br>
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.
Leonardo da Vinci's 'Salvator Mundi' to be Minted as an NFT
The world’s most expensive painting, Salvator Mundi, is set to become an NFT, with the licensed image available to mint on the ElmonX digital assets platform. The exact financial terms of the deal remain confidential, but the partnership between ElmonX and Bridgeman Images sets a precedent for integrating blockchain and NFT technologies into the traditional art world. <br>
Amazon Prime Gaming Offers Free NFTs for Subscribers to Claim
Amazon is reportedly developing its own NFT marketplace, and now Amazon Prime subscribers can already claim free NFTs through the Prime Gaming portal. These NFTs can be used in current blockchain games and include playable characters, outfits, and skins. Currently available NFTs include those for the games Mojo Melee and Blankos Block Party. <br>
NFT lending protocol SharkyFi acquires honeydefi to expand into EVM
Solana ecological NFT lending protocol SharkyFi announced on Twitter that it has acquired multi-chain project honeydefi to expand to EVM.
LEXER Markets Announced the Launch of the Arbitrum Mainnet
On August 9th, LEXER Markets announced that it has launched on the Arbitrum mainnet. It is reported that LEXER is a decentralized cryptocurrency, forex, and NFT contract exchange.
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.
What are Blue-Chip NFTs?
The rise of blue-chip NFTs is a testament to the increasing acceptance of NFTs as a form of digital art and collectibles, and a reflection of the maturation of the NFT market.
Coingecko Report: Top 15 NFT Traders Have Gained $299 Million
According to a report by Coingecko, the top 15 NFT traders have made a profit of $299 million. In particular, blue chip NFT series from Larva Labs, Yuga Labs, and Art Blocks account for over 94.5% of the total profits of the top 15 NFT traders. It is estimated that CryptoPunks account for 70.6% of the profits of the top traders, while CryptoPunks V1 accounts for 2.0%. Art Blocks, a generative art project, ranks second in profits for top traders at 12.2%, followed by Bored Ape Yacht Club (BAYC) at 5.5% and Meebits at 3.4%. BAYC's brother series, Mutant Yacht Club (MAYC), only accounts for 0.7% of the profits of top traders.
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.
