NFT
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Origin Protocol Proposes 0% Transaction Fee for Origin Store in Local Trading Market by June 2023
On March 21, the NFT platform Origin Protocol recently approved a proposal to reduce the transaction cost of Origin Store in the local trading market to 0% by June 1, 2023 (previou
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Understanding Bitcoin’s Price Increase Due to Expansion of Use Cases
According to reports, Dan Weiskopf, a co portfolio manager at Amplify Transformational Data Sharing ETF (BLOK), said that the latest increase in Bitcoin prices was due in part to t
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Manta Network Launches Privacy NFT/SBT Distribution Platform NPO Based on Zero Knowledge Proof
On March 20th, Manta Network launched a privacy NFT/SBT distribution platform NPO (NFT Private Offering) based on zero knowledge proof. NPO is built on the ZK circuit of zkAddress
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MeeKit Beta V2: Empowering Independent NFT Creation
According to reports, Bailey Tattoon, a member of the Meebit community and BAYC, announced the launch of the “MeeKit” build tool MeeKit Beta V2 on social media, which can support users to independently create Meebit NFT renderings and help build scenarios using Meebit. It is reported that there is an add-on package called “Booster Pack” in the toolkit to support customized user scenarios. According to NFTGo data, the current Meebis floor price is 3 ETH, with a current market value of approximately $250 million and a total transaction amount of $5232.5 million. NFT Project Meebis Community Launches “MeeKit” Construction Tool Analysis based on this information:Bailey Tattoon, a member of the Meebit community and BAYC, recently announced the launch of MeeKit Beta V2, a specialized build tool for creating Meebit NFT renderings and scenarios. This tool, available to Meebit users, empowers them to design their own NFTs and scenarios, without the constraint of working with developers. Meebit NFTs have recently gained…
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RTFKT’s NFT and Nike’s Digital Shoes
According to reports, the crypto trendy brand RTFKT acquired by Nike announced on social media that the Nike Air Force 1 digital shoe casting is scheduled to take place on April 23 and continue until May 8, with a total of 10 design options available. During the casting process, holders of pre cast RTFKT NFT are allowed to redeem physical shoes. The pre cast ERC-1155 will be burned during this process, and after forging, a “Forged” ERC-721 will be sent to the holder, And there will be no additional casting costs, and NFT holders only need to pay gas fees. In addition, physical sneakers are expected to be shipped in the fourth quarter of 2023. RTFKT reminds users that in order to prevent fraud, casting is only conducted in their official offices. RTFKT: The Nike Air Force 1 digital shoe casting is scheduled for April 23rd Analysis based on this information:The latest trend in the world of fashion seems to…
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DeGods’ BTC NFTs Sell-out
According to reports, the Solana chain NFT project DeGods announced on social media that BTC DeGods has been sold out in a Bitcoin block, which has been reviewed and will send an inscription on a first come, first served basis based on the confirmed transaction arrival time in the memory pool. DeGods said that the list of users who have successfully traded has been released, and those who have not successfully cast will receive a refund. DeGods previously announced that it would open 500 new series NFT foundries on the Bitcoin network, with a casting price of 0.444 BTCs per NFT. BTC DeGods has been sold out in a Bitcoin block and will send an inscription based on the time the transaction reaches the memory pool Analysis based on this information:DeGods, a Solana chain NFT project, has announced that its BTC NFT project, BTC DeGods, has been sold out. The project made the announcement on social media, indicating that the…
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Promoting Diversity in the NFT Market
According to reports, Amberfi CEO JD Lasica stated that the NFT market should promote “underrepresented artists and art forms.” Western art continues to dominate the NFT field and is often seen as more valuable and prestigious than art from other cultures, which may limit the visibility and recognition of non Western art forms. Instead, Web3 can eliminate cultural boundaries. Viewpoint: The NFT market should promote “underrepresented artists and art forms” Analysis based on this information:The NFT market has grown rapidly in recent years, opening up new opportunities for artists to sell and showcase their work. However, the market has been criticized for its lack of diversity in terms of the artists and art forms it promotes. Western art continues to dominate the field, with many buyers and collectors placing more value on pieces that fit into this category. As a result, underrepresented artists and art forms struggle to gain visibility and recognition, limiting their ability to succeed in the market….
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The Growing Popularity of NFTs on Bitcoin NFT Protocol
According to reports, the cumulative number of NFT inscriptions cast on the Bitcoin NFT protocol Ordinals has exceeded 500000, reaching 500265 by the time of publication. Bitcoin NFT Protocol Ordinals’ cumulative casting volume exceeded 500000 pieces Analysis based on this information:The recent surge in non-fungible token (NFT) popularity has been making headlines since the beginning of 2021. Artists, musicians, and other creators have found new ways to monetize their digital creations by selling them as unique, one-of-a-kind assets using NFTs. In turn, investors have flocked to this new digital asset class, eager to get in on the ground floor of a potentially lucrative investment opportunity. While NFTs can be minted on a variety of blockchains, the Bitcoin NFT protocol Ordinals has seen a significant uptick in usage in recent months. According to reports, the cumulative number of NFT inscriptions cast on the protocol has now surpassed the 500,000 milestone. Specifically, the latest measurement stands at 500,265 by the time of…
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DeGods NFT Project Launch and Future Market Trends
On March 18th, the official release of the Solana Ecological Blue Chip NFT Project DeGods on social media stated that 500 BTCDe Gods have been cast, all refunds have been sent, and De Gods Trading Desk has been officially launched. Users can conduct secondary market transactions at DeGods Discount, supporting the use of BTC, ETH, SOL, or USDC to buy and sell BTC DeGods. In addition, Magic Eden in the NFT market will also launch the Ordinals market in the near future. DeGods: BTC network DeGods NFT has been cast and DeGods Trading Desk has been launched Analysis based on this information:The message conveyed is regarding the official launch of DeGods, an NFT project built on the Solana blockchain. According to the announcement made on March 18th, 500 BTC DeGods have been cast and all refunds have been sent. The DeGods Trading Desk has also been launched, and users are now able to participate in secondary market transactions at DeGods…
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Salesforce and Polygon Partner to Offer NFT-Based Loyalty Plans
On March 18th, Ryan Wyatt, President of Polygon Labs, announced on social media that Salesforce, a customer relationship management (CRM) software company, has partnered with Polygon to develop an NFT-based loyalty plan. Salesforce will help its customers join Polygon through its management platform and create an NFT-based loyalty plan. President of Polygon Labs: Salesforce has partnered with Polygon to launch an NFT-based loyalty program Analysis based on this information:Salesforce, a leading cloud-based software company specializing in customer relationship management (CRM), has partnered with Polygon Labs to launch an NFT-based loyalty plan. This announcement was made by Ryan Wyatt, President of Polygon Labs, on March 18 through his social media handle. The move by Salesforce to partner with Polygon is a significant step towards leveraging blockchain technology in a customer loyalty program. The use of NFTs in loyalty plans offers many benefits, including transparency, traceability, and security. Unlike traditional loyalty programs that require a centralized system, NFT-based plans are decentralized, ensuring…
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Sony Applies for NFT Interoperability Patent
According to reports, the electronics giant Sony has applied for a patent for NFT interoperability or will deploy a new NFT platform. It is reported that the patent is called “NFT Framework For Transferring And Using Digital Assets Between Game Platforms”, and was submitted in September 2022, but was not disclosed until yesterday. The patent content shows that game players can use NFT on different platforms, It is also possible to use NFT assets across platforms, which means that players can transfer NFT from one game or system to another, and can also trade or sell NFT to other players. It also supports the subsequent sale of NFT to other participants through digital ledger driven markets at open prices. (psu) Sony applies for a patent for “NFT interworking framework” that can be used on different games and platforms Analysis based on this information:Sony, the electronics giant, has filed for a patent for NFT interoperability or will launch a new NFT…
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Huang Licheng’s Cryptocurrency Transaction Analysis
According to reports, according to data disclosed by NFT Whale Alert, “Maji Big Brother” Huang Licheng today sold 14 “mutant ape” MAYCs to obtain 187.59 ETH (approximately $327108.19), and 41 Otherside yuan universe virtual plots Otherside to obtain 65 ETH (approximately $113000). Currently, the MAYC floor price has dropped to 13.39 ETH, with a decrease of nearly 5% in the past 24 hours. The Otherside floor price has also declined to 1.66 ETH. “Maji Big Brother” Huang Licheng Sells 14 MAYCs and 41 Otherdeeds Analysis based on this information:The cryptocurrency market has become increasingly popular, especially with the emergence of NFTs (Non-Fungible Tokens). NFTs have become a way to create, sell, and buy digital assets that are unique and scarce. Recently, Huang Licheng, known as “Maji Big Brother,” made headlines within the NFT community for his significant cryptocurrency transaction. According to data disclosed by NFT Whale Alert, Huang Licheng sold 14 “mutant ape” MAYCs and 41 Otherside yuan universe virtual…
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Microsoft’s Built-in Encrypted Wallet for Edge Browser
According to reports, software engineer Albacore disclosed on social media that Microsoft is testing a built-in encrypted wallet for its Edge browser. Currently, Microsoft has not officially announced the wallet project, and the introduction page of the wallet does not specify which cryptocurrencies it supports. However, the project mentions involvement in cryptocurrencies and NFT, and the leaked screenshots indicate support for at least Ethereum, DAI, USDC, and USDT. Some of these tokens appear to have been added by users through custom token options. Other screenshots indicate that the wallet may be integrated with Coinbase and Moonpay transactions, as well as support for other extended wallets through its settings panel, as well as a “Explore” tab. Microsoft Edge Browser is testing built-in encrypted wallet Analysis based on this information:Microsoft is reportedly testing a built-in encrypted wallet for its Edge browser, according to a social media disclosure by software engineer Albacore. While Microsoft has not yet officially announced the wallet project, the…
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Beatport Launches NFT Market for Exclusive Music Content
It is reported that the electronic music brand Beatport has announced through social media that it has launched the NFT market “Beatport · io” on the Poka network, allowing artists, producers, and record companies to sell NFT, including exclusive content such as unreleased music, discounted concert tickets, and other fan benefits. It is reported that Beatport and Poka will jointly hold 10 events and launch a new NFT collection in the next 18 months. Electronic music brand Beatport launched NFT market “Beatport · io” on Poca Network Analysis based on this information:Beatport, a leading electronic music brand, has recently announced the launch of its NFT marketplace, Beatport · io, on the Poka network. The marketplace allows artists, producers, and record companies to sell NFTs, including unreleased music and other fan benefits. This move by Beatport highlights the growing influence of NFTs in the music industry and their potential for creating new revenue streams for artists. NFTs, or non-fungible tokens, are…
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BlockSec Blocks Attack on ParaSpace NFT Lending Agreement
On March 17th, BlockSec tweeted that it had blocked an attack on the NFT lending agreement ParaSpace, saving 2900 ETH assets, and hoped that ParaSpace would contact it as soon as possible. BlockSec: Blocked an attack on ParaSpace and saved 2900 ETH assets Analysis based on this information:On March 17th, BlockSec, a company specializing in blockchain security, tweeted that it had successfully blocked an attack on ParaSpace, a lending platform for non-fungible tokens (NFTs). The company was able to save 2900 ETH assets, and asked that ParaSpace contact them as soon as possible. This message indicates the importance of blockchain security, particularly in the realm of NFTs. NFTs have gained significant attention recently as a means of digital ownership and asset transfer. However, just like any other type of digital asset, NFTs are vulnerable to security threats such as hacking and theft. ParaSpace, as a platform that facilitates NFT lending, would have a significant amount of valuable assets that could…
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ParaSpace Suspends NFT Lending Agreement
According to reports, ParaSpace, the NFT lending agreement, officially stated that due to the team’s observation of suspicious transaction operations, the ParaSpace agreement has been suspended for security reasons, and users cannot conduct any transactions (withdrawals, deposits, and settlements). ParaSpace: For security reasons, currently users cannot perform any transactions Analysis based on this information:ParaSpace has officially announced the suspension of their NFT lending agreement due to the observation of suspicious transaction operations in their platform. Users are no longer able to conduct any transactions such as deposits, withdrawals, or settlements until further notice. The suspension comes as a precautionary measure to protect the security of the platform and its users. The NFT lending space has been gaining popularity recently, with platforms like ParaSpace offering lending options for NFT owners. This allows NFT owners to use their digital assets as collateral to obtain loans. However, the new and unregulated nature of the industry also makes it vulnerable to fraud or hacking…
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The Impact of the Silicon Valley Bank Collapse on NFT Trading Volume
On March 17th, according to a report by DappRadar on March 16th, before the collapse of the Silicon Valley bank on March 10th, NFT trading volume hovered between $68 million and $74 million, and then fell to $36 million on March 12th. From March 9 to March 11, the daily sales volume of NFT decreased by 27.9%. DappRadar: The collapse of banks in Silicon Valley has led to a significant impact on NFT trading volume Analysis based on this information:The NFT market has been rapidly growing in recent months, attracting investors and art-lovers alike. However, a recent report by DappRadar suggests that the Silicon Valley bank collapse has had a significant impact on NFT trading volume. Before the collapse on March 10th, NFT trading volume was hovering between $68 million and $74 million. However, after the collapse, the volume fell to $36 million on March 12th. This indicates that the collapse had a sudden and dramatic effect on the market….
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Coinbase NFT Launches Creator Hub to Simplify NFT Collection Launches
On March 17th, Coinbase NFT announced the launch of the creator hub, which aims to simplify the process of launching NFT collections and building Web3 communities. The “Creator Hub” will play the role of a one-stop shop for creator tools that users can use to launch NFT collections in just three steps, including selecting contracts, coinage preferences, and customizing images, descriptions, pricing, and coinage times. Then, add wallets to list them on the market. In addition, the Creator Center can help users create a Discord robot to track NFT sales, query and download a detailed list of NFT holders, and embed NFT collections on personal websites and create a token gated experience. Coinbase NFT Launches Creator Hub Analysis based on this information:Coinbase NFT has announced the launch of the Creator Hub, which aims to simplify the process of launching NFT collections and building Web3 communities. This new Creator Hub is a one-stop-shop for creators to use tools that can be…
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Playboy’s Ethereum Loss: A Lesson on the Risks of Cryptocurrency Investing
According to reports, Playboy’s parent company Plby Group reported an impairment loss of $4.9 million on Ethereum held in 2022. Plby Group accepts Ethereum as a payment method for its Rabbitars NFT project launched in 2021 and holds it as a digital asset on its balance sheet. PlayboyTV accepted Bitcoin payments in 2018. (Coindesk) Playboy’s parent company reported an impairment loss of $4.9 million on Ethereum held in 2022 Analysis based on this information:Playboy, the iconic brand known for its sensual and provocative content, has recently made headlines not for its racy content, but for its cryptocurrency investment woes. According to reports, Playboy’s parent company, Plby Group, incurred an impairment loss of $4.9 million on its Ethereum holdings in 2022. The loss was attributed to the decline in the value of the cryptocurrency, which Plby Group held as a digital asset on its balance sheet. Plby Group has been experimenting with cryptocurrency payments since 2018, when Playboy TV started accepting…
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Coinbase progresses with Layer 2 network base; 18000 developers and 55000 deployments in the first week
According to reports, Coinbase released progress on the Layer 2 network base, with over 18000 developers releasing 55000 smart contract deployments on the base testing network in the first week; The number of Foundations for the Base, Introduced NFT released in collaboration with Zora reached 485000 in the first week. Coinbase: L2 network Base testing 55000 smart contracts deployed online Analysis based on this information:Coinbase, one of the most popular cryptocurrency exchanges, has reported impressive progress on its Layer 2 network base, which has caught everyone’s attention. In the first week of its release, over 18000 developers joined the platform and deployed a whopping 55000 smart contracts on the network’s testing base. The numbers are undeniably massive, testifying cryptocurrency’s industry’s increasing popularity and its growing significance in the global economy. Although Coinbase’s Layer 2 has been just released, the number of smart contract deployments indicates a shift towards decentralized finance (DeFi) applications. DeFi refers to financial applications built on blockchain…