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.
Manchester United Museum Showcases NFT Memorabilia
June 16 (Cointime) - Manchester United's museum exhibit featuring NFT memorabilia is now open to the public, providing an immersive experience into the world of Web3. Over 750,000 fans have acquired Manchester United's NFTs since their launch in December 2022, indicating a growing interest in NFTs.
NFT Ringers #879 Sells for $5.9 Million at Sotheby's Grails Auction, While Twitter Users Celebrate "Goose Day" and "Goose Ritual" with Artwork and NFT Sales
June 16 (Cointime) - Sotheby's Grails: Part II auction has sold Ringers #879, an NFT from Dmitri Cherniak's generative art project, for $5.9 million. The Ringers collection consists of 1,000 generative NFTs, each derived from a unique transaction hash and generated in Javascript.
KuCoin Launches MetaJuice Token Sale for IMVU's VCORE on Spotlight Platform
June 15 (Cointime) - IMVU's new-gen metaverse-centric product, MetaJuice, will be featured as the 26th Spotlight Token Sale on KuCoin starting June 16. The token sale of its first coin, VCORE, will take place on the KuCoin Spotlight platform, with 40 million VCORE tokens allocated for the event. VCORE will be integrated into a variety of in-game mechanics inside IMVU, including NFT minting and purchasing, paying earners, and delivering community-led governance referendums. Users from certain countries and areas are not supported for the token purchase, and Level 3 Identification Verification is required to participate in the token sale.
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.
Puma Launches 3D Metaverse Experience for NFT Holders, Meta CEO Comments on Apple Vision Pro, Enjin Launches New Blockchain, GameStop Fires NFT Push Executive, and More Nifty News
June 15 (Cointime) - Puma has launched a 3D metaverse experience called Black Station, which provides Puma Pass NFT holders access to various product drops. However, the experience is open to everyone, but those with special tokens will have perks like the ability to buy digital wearables and a “Rulebreaker” sneaker.
Ribbon Finance Launches Derivatives Exchange Aevo to Public, Targets Centralized Exchange Users
June 15 (Cointime) - Singapore-based Ribbon Finance has launched its new product Aevo, a derivatives exchange, to the public after being in a "gated" phase since April. The exchange had required users to hold an "exchange pass" NFT for access. The platform has seen over $70m in trading volume and a high of about $5m in daily open interest since its launch.
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.
Crypto Community Honors Ethereum Creator Vitalik Buterin with Eurodisco Dance Track "V Buterin"
A new Eurodisco dance track called "V Buterin" has been released, paying tribute to Ethereum creator Vitalik Buterin. The track was inspired by Boney M's 1978 hit "Rasputin" and is available as a free-to-mint NFT on Web3 music platform Sound.xyz.
Snoop Dogg Launches NFT Collectible Series That Evolves with Summer Tour
Cointime News on June 13th, Snoop Dogg, the rapper and entrepreneur, has launched a new non-fungible token (NFT) collectible series called the Snoop Dogg Passport Series. The NFT will evolve in utility as he goes on tour this summer, granting holders access to behind-the-scenes content, exclusive merch, art, and experiences from the music icon. As part of the Passport Series, Snoop is also announcing Snoop Selects, a curated collection of NFT artwork that will be airdropped to all passport holders. The series was created in partnership with Web3 platform Transient labs and talent agency WME and is available for purchase for about $42 or 0.025 ETH through Crossmint or various crypto wallets.
