Web3 Funding Weekly Report (6/24-6/30): 29 Public Fundraising Events, Islamic Coin Raises $200M, DWF Labs Invests Another $18M in Conflux
There were 29 investment and financing events in the global blockchain space during the week of June 24-30.
Investors in Logan Paul's CryptoZoo NFT gaming project still waiting for promised $1.93M refund
July 1 (Cointime) - Investors in Logan Paul's CryptoZoo NFT gaming project are still waiting for details on the promised 1000 ETH refund. Coffezilla, who initially exposed the project's issues, claims that Paul's communication with the CryptoZoo community has dried up and that he has not paid back his victims or provided a plan for refunds. The lackluster NFT artwork, tanking token prices, and failure to deliver on the roadmap led to investor dissatisfaction, and a class action lawsuit was filed against CryptoZoo and Paul. Despite an email from Paul's lawyer suggesting commitment to the refund process, Coffezilla questions the lack of a concrete plan six months later.
NFT Brand Azuki Faces Backlash Over New Collection, Candy Digital and Palm NFT Studio Merge, and Sotheby's Launches Gen Art Program with Vera Molnár NFTs
June 30 (Cointime) - Anime-inspired NFT brand Azuki sold out its new collection of 20,000 NFT characters called Elementals within 15 minutes, but faced backlash due to technical issues and artwork that was difficult to differentiate from its original collection. Azuki has apologized and announced plans to improve the project. Candy Digital and Palm NFT Studio have merged to expand licensed NFT projects across various industries, while Warner Music Group is partnering with Polygon Labs to launch a music accelerator program for Web3. Sotheby's is launching its Gen Art Program with a 500-edition collection of generative artwork by Vera Molnar, which will be sold via a Dutch auction format on July 26, marking the first time Sotheby's has used an on-chain sale for an auction. Bids will start at 20 ETH and decrease incrementally until the item is sold with one bid.
Azuki Addresses Backlash and Plans to Revive NFT Ecosystem After "Elementals" Mint
June 30 (Cointime) - Azuki, a blue-chip NFT brand, has addressed the backlash received after the release of its latest NFT collection, "Elementals," which sold out in 15 minutes and brought in $38 million. Several collectors were unable to mint the NFTs due to technical issues and a condensed minting window, leading to a 44% drop in the original Azuki collection's floor price. Azuki has outlined plans to update the artwork of the "Elementals" collection to distinguish it from the original collection and is working on an anime series featuring its character universe, which will incorporate Web3 technologies. The team is also exploring ways to reward its holders, such as denoting "collector status" for long-term holders and those who own tokens with rare traits.
How to Develop an NFT Data Analysis Platform Using NFTScan NFT API?
For many developers, indexing and filtering each NFT in the vast ocean of NFT data can be difficult and cumbersome. In this article, we will explore how to develop an NFT analytics platform using the NFTScan API.
Azuki Green Beans are only available to OGs and will be used in conjunction with the release of the animation
June 30 (Cointime) - According to a post by NFT KOL CirrusNFT on social media summarizing the Azuki community meeting, the Azuki team stated that the Azuki animation series is currently in production and Azuki Green Beans will be released simultaneously with the animation, exclusively available to OG Azuki holders.
Skytopia: Weekly Update (June 29th, 2023)
It's a weekly update that summarizes community activities of Sklytopia.
Azuki Community Meeting: Elemental may undergo a rebranding
June 30 (Cointime) -NFT KOL CirrusNFT summarized the content of the Azuki community conference on social media. The Azuki team stated during the conference that they plan to release a community vote to discuss the relevant details of updating the Elementals background, ensuring that Elementals are distinguished from OG Azuki.
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.
Sui development company Mysten Labs airdrops NFT Generation 0 Bullsharks to early users
June 30 (Cointime) - Sui development company Mysten Labs airdropped dynamic NFT Generation 0 Bullsharks rewards to ACES (Active Contributors and Early Supporters) to recognize their efforts in helping the Sui mainnet become a reality.
