Jeremy Booth Leverages Web3 to Aid Beloved Western Photographer Emmie Sperandeo
Jeremy Booth, a leading Web3 Western artist, has launched a fundraising initiative to support fellow artist Emmie Sperandeo's recovery after a tragic accident. Sperandeo, a photographer and storyteller of the West, suffered physical injuries and significant memory loss after falling from her horse while moving cattle. Booth's initiative, titled "For Emmie," will feature a week-long NFT edition available for purchase, with all proceeds going directly to supporting Sperandeo's recovery. A GoFundMe page has also been set up for those unable to afford the NFT edition but still wanting to contribute.
Mittaria: Genesis NFT Collection to Kickstart an Animation Revolution
Despite the ongoing crypto winter, Mittaria is bringing excitement to the Web3 world with the launch of its new website, Twitter account, and meticulously crafted genesis NFT collection. Mittaria aims to create an animation-oriented Metaverse that connects creative talents from all over the world to produce the next generation of shows and movies. The genesis NFT collection will consist of 5,555 unique artistic renditions of Mitra, the creator of the Mittara universe, and will offer preferential benefits to early supporters of the project. Mittaria has also secured an exclusive deal with entertainment powerhouse T&B Media Global to distribute shows and movies produced through the project. Additionally, Mittaria will eventually integrate its own virtual universe into Thailand's $300 million Translucia Metaverse.
Bored Ape NFT Holder Ben.eth Launches Third Crusade of Memecoin Psychopathy
Ben.eth, known for his previous unsuccessful token projects BEN and PSYOP, has announced the launch of a new digital asset called LOYAL. He has already raised $10 million in the presale of LOYAL, but analysts warn about his motives and lack of trustworthiness. Ben.eth uses social media hype and bad press to promote his seemingly fraudulent projects, which have no intrinsic value or utility. Investors are advised to steer clear of his ventures.
Forever 21 and Paris Hilton Release Virtual Fashion and NFT Collections on Gaming Platform Roblox and the Sandbox
Fashion brand Forever 21 has collaborated with Virtual Brand Group to launch an AI-designed Barbie collection on the gaming platform Roblox, timed with the release of the upcoming Barbie movie. The collection combines physical and virtual products, using AI technology in conjunction with human talent and existing human creations. In another virtual world collaboration, The Sandbox has partnered with 11:11 Media to release a non-fungible token (NFT) avatar collection featuring playable avatars based on Paris Hilton. The collection will be available for public mint on May 31 and includes 11 one-of-a-kind NFTs that come with VIP tickets to Hilton's concert in Los Angeles. The Sandbox has previously partnered with luxury brands Gucci and Charles & Keith on gamified experiences, with the latter's activation extended until May 31 due to its popularity.
Cardano Founder Backs Bitcoin Ordinals, Proposes Cardano as Ideal Ecosystem for NFT Project
Charles Hoskinson, the founder of Cardano, has suggested that the recently-introduced Bitcoin Ordinals project would be better suited to the Cardano ecosystem. Hoskinson highlighted Cardano's superior infrastructure and capabilities as well as its robust ecosystem as advantages for hosting Bitcoin Ordinals. Bitcoin Ordinals is a system that enables the inscription of unique labels and additional data onto individual satoshis, the smallest units of Bitcoin, allowing for greater flexibility regarding the information attached to Bitcoin transactions. Hoskinson's proposal to integrate Bitcoin Ordinals into Cardano's ecosystem reflects a commitment to advancing the development of blockchain technology.
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.
Metaverse Meltdown: Virtual Land Prices Hit a Rough Patch
Metaverse land prices have experienced a significant decline over the past year, in contrast to the soaring values seen during the NFT bull market. The decline is due to several factors, including the unsustainable bubble created by exuberant prices during the NFT bull market, oversaturation of virtual real estate projects, waning investor interest, and regulatory uncertainty. Currently, metaverse land prices range from 0.37 to 1.09 ETH, varying across different projects, with Otherdeeds having the highest-priced land and Voxels offering the most affordable plots. The decline in metaverse land prices serves as a reminder of the market's volatility and the need for investors to exercise caution.
Cristiano Ronaldo and Binance Partner to Promote NFTs and Web3 Technology to Global Fan Base
The partnership will involve Ronaldo and Binance creating exclusive collections that can only be bought on the Binance NFT exchange, with the first collection set to launch later this year. The collaboration between Binance and Ronaldo highlights the growing overlap between the crypto industry and sports, and has the potential to significantly impact the cryptocurrency market by introducing the benefits of digital currencies to a wider audience. The initial release of CR7 NFTs on the Binance NFT marketplace was a complete sell-out, with some NFTs being auctioned for starting bids of 10,000 BUSD and selling for an average of 22,800 BUSD, indicating a surge in interest in cryptocurrencies.
NFT Lending Protocol Blend Sees Daily Volume High of $27.6M
Blur's NFT lending protocol, Blur, achieved a new high in daily volume with over 14.5K ETH (~$27.6M) in a single day, marking the 14th consecutive day with over 10K ETH in daily volume. Azuki is currently the top NFT collection on Blend with a volume of 89.5K ETH, followed by Wrapped Cryptopunks and Yuga Labs' Bored Ape Yacht Club. Binance has joined the NFT lending trend by offering ETH loans, providing users with liquidity without giving up their digital collectibles. This move is expected to bring more innovation and accessibility to the NFT lending space.
NFT Marketplace Tabi Raises $10M to Build Gaming Ecosystem on BNB Chain
Tabi, an NFT marketplace, has raised $10 million in a funding round from Web3 VCs and angel investors, including Animoca Brands, Binance Labs, and Hashkey Capital. The platform, which is based on the BNB Chain, plans to use the funds to build a gaming ecosystem on the Layer1 blockchain and develop an on-chain identity protocol. Tabi also aims to expand its ecosystem with an "NFT Incubation Fund" to encourage developers and creators to build and launch their products on the BNB Chain. Despite lagging behind Ethereum, Solana, and Polygon, Binance has recently expanded its NFT ecosystem, adding support for bitcoin NFTs and integrating Polygon and Ethereum NFTs.
