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Showing posts with the label nft

Legend Of Elumia Game Creator Launches An NFT Leaderboard

Triumph Games, an experienced game studio with multiple non-fungible token games, including the Legends of Elumia, has launched a creator leaderboard. The leaderboard will allow crypto and non-fungible token users to compete and win some dollars in non-fungible tokens and $TRI tokens. The Triumph Games creator leaderboard has just gone live on the Immutable Network. Triumph Games NFT Leaderboard Goes Live In a September 1 blog post, the Legend of Elumia creator, Triumph Games, confirmed that they have launched a non-fungible token-based leaderboard. Legends of Elumia is a fantasy-themed non-fungible token game, allowing players to explore a vibrant world, battle enemies, complete quests, and engage in player-vs-player combat. It Features NFTs that provide players with true ownership of their in-game assets, such as characters and items. Post as many times as you like, from August 30 until September 14. Each day, we'll track your top 3 posts that mention @Triumph_Games based o...

Blow To Yuga Labs, As US Court Overturns Bored Ape NFT Trademark Case

Yuga Labs, a digital asset incubation studio and the company behind the globally acknowledged Bored Ape Yacht Club and Mutant Ape Yacht Club non-fungible token series, has suffered a mild blow this week after a United States Court of Appeal overturned its initial court ruling against the digital artist Ryder Ripps and his business partner Jeremy Cahen over their alleged counterfeits trading of NFTs. US Judge Overturns Yuga Labs’ $8.8M NFT Case In a July 23 publication, Reuters confirmed that the United States Court of Appeals has overturned the initial court ruling against the Bored Ape Yacht Club non-fungible token series maker Yuga Labs and the digital artist Ryder Ripps and his business partner Jeremy Cahen. In response to the court ruling, the Bored Ape Yacht Club floor price has slightly plunged, falling by 1.3% from the past day. Founded in 2021, Yuga Labs is a renowned blockchain technology company, focusing on digital collectibles, metaverse development, and the interse...

UK newspaper investigates after ‘crypto wizard’ posts NHS token article

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A UK newspaper says it has started an investigation after it published an article that appeared to promote a suspicious NFT project claiming to be in support of the country’s National Health Service (NHS). On Wednesday the Northamptonshire Telegraph ran an article promoting the ‘Nurse Coin Token and NFT’ via its Your World contributor system, which allows anybody to publish stories on the newspaper’s website. The article ’s author, Sylvester Sean Masango, describes himself as a ‘ crypto wizard’ helping “to bolster the welfare of NHS heroes and their families,” with his NFT s.  According to Masango, purchasing one NFT costs $334 and the project will donate half of the transactional costs to the NHS to help fund childcare and medical expenses and develop “much-needed care homes and hospices.” It also offers token holders discounts on various goods and services but doesn’t specify which ones. Screenshot taken of the published article before it was remo...

Blockchain game developer SkyArk Studio raises $15m in round led by Binance Labs

SkyArk Studio, a developer of blockchain-based video games, has secured $15 million from over 40 investors in its latest funding round . In an X announcement on Jan. 12, SkyArk Studio said the funding was led by Binance Labs, with the participation of 40 institutions, including LayerZero CEO Bryan Pellegrino, and Tangent Ventures co-founder Darryl Wang. While the firm did not elaborate on who it plans to use the proceedings from the round , this appears to be the second time Binance backs the video game developer . In late 2021, Binance Labs included the Singapore-based blockchain gaming studio in its incubation program. It is unclear if Binance backed SkyArk Studio financially or through mentorship at the time, however. We're thrilled to announce the successful completion of a $15 million funding round ! @BinanceLabs  led this round with participation from over 40 institutions, including VividThree, a Singapore-listed company, @GuildFiGlobal , @JamboTechnology , @BreederDAO...

User claims $11M in Blur token rewards at NFT marketplace’s season 2 airdrop

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NFT marketplace Blur allocated a total reward pool of 300 million tokens, worth around $146 million, for traders who use their platform. A pseudonymous nonfungible token (NFT) trader made around $11 million in the recent airdrop reward distribution conducted by the NFT marketplace Blur.  Dune analytics data showed that a wallet with the Ethereum Name Service (ENS) tag called “hanwe.eth” claimed a total of 22,851,000 Blur (BLUR) token s in the season 2 airdrop of Blur. At the time of writing, coin price tracker CoinGecko showed that the amount is worth around $11.2 million. It's time to BLAST OFF. I just received 22851000 $BLUR from @BLUR_io's Season 2 drop. Season 3 starts NOW and is powered by @BLAST_L2, the only L2 with native yield backed by Paradigm and Standard Crypto. pic.twitter.com/jDKgc0wInS — Hanwe (@HanweChang) November 21, 2023 The end-of- season airdrop is one of the strategies employed by Blur to attract traders to use its platform. Blur rewards those who ...

OMMNIVERSE Unleashes New Features in NFT/ FNFT Marketplace as OMMI Token Joins MEXC Exchange

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OMMNIVERSE, the trailblazing force in the Fractional Non-Fungible Token ( NFT / FNFT ) landscape, has expanded its NFT / FNFT marketplace with a host of exciting Features . Simultaneously, the native OMMI token recently made its debut on the esteemed MEXC Exchange. This dual announcement heralds a remarkable stride in OMMNIVERSE’s mission to redefine the NFT / FNFT ecosystem.   Elevating the NFT/ FNFT Experience OMMNIVERSE is not just a player but a visionary in the NFT / FNFT marketplace, providing users with the opportunity to own fractional Non-Fungible Tokens. With its user-friendly interface and innovative approach to digital art, OMMNIVERSE has rapidly risen to prominence in the NFT / FNFT world.   New Features Unveiled The OMMNIVERSE marketplace is set to delight its users with a set of enhanced features: New NFTs and NFT/ FNFTs: OMMNIVERSE is introducing a diverse array of NFTs and NFT/ FNFTs, expanding the creative horizons within the platform. Mar...

Lucky Star Currency rugged Astrology NFT project for over $1 million — CertiK

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In the realm of content creation, three vital elements come into play: “perplexity,” “burstiness,” and “predictability.” “Perplexity” gauges the intricacy of the text. Meanwhile, “burstiness” assesses the variability in sentence structures. Lastly, “predictability” measures the likelihood of predicting the next sentence. Human authors tend to infuse their writing with bursts of diversity, juxtaposing lengthy, complex sentences with shorter ones. Conversely, AI-generated content often exhibits a more uniform tone. Hence, for the content you’re about to create, it’s imperative to infuse it with ample perplexity and burstiness while minimizing predictability. Also, please ensure that the content is in English. Now, let’s rewrite the provided text: The Lucky Star Currency (LSC) project’s deployer account orchestrated a substantial heist, siphoning over $1 million worth of tokens from the project...

NFT platform will launch for Chinese government-owned newspaper

China Daily, affiliated with the Publicity Department of the Chinese Communist Party, has announced plans to develop its own metaverse and NFT platform . China Daily, a prominent English-language newspaper under the ownership of the Publicity Department of the Chinese Communist Party, has expressed its intention to venture into the world of non-fungible tokens (NFTs) and metaverse. Revealed in a recent disclosure, the publication is earmarking 2.813 million Yuan (equivalent to $390,000) for a competent third-party contractor that can bring its envisioned NFT platform to life, keeping in tune with their budgetary constraints. While many might assume a preference for domestic expertise, China Daily welcomes both domestic and international blockchain specialists. The stipulation for the chosen blockchain firm’s mainnet is that it must possess the prowess to manage 10,000 transactions each second. Prospective contractors will race against time, with an October 17 deadline to submit t...

Metaverse is dead in the West, but ‘so hot' in Asia: Sandbox co-founder

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Sandbox co-founder Sebastian Borget says the metaverse sector is thriving in Hong Kong, Korea, and Japan. The metaverse might feel like it's “dead” for users living in the United States but the industry is thriving throughout Asia, says The Sandbox co -founder and COO, Sebastien Borget. Speaking to Cointelegraph at the Asian Blockchain Gaming Alliance's Web3 Summit in Singapore on Sept. 12, Borget said that over the last year, roughly 50% of Sandbox’s business has come from several countries in Asia. “If you don't focus on Asia, you will think the metaverse is dead from the North American and the Western side,” said Borget. “But it's so hot in Asia. Hong Kong and Korea are the top two markets followed by Japan.” Meanwhile, Borget noted that he is soon to announce the launch of Lion City on stage at Token 2049 in Singapore, a new neighborhood of 512 virtual land plots in the Sandbox metaverse, that aims to showcase Singapore’s culture through a partnership with a num...

What is OpenSea and how to use it?

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This guide delves into the significance of the OpenSea decentralized marketplace, its pros and cons, and its role in the NFT revolution. The rise of nonfungible token (NFT) marketplaces has ushered in a new era, fundamentally reshaping the way we perceive and interact with digital assets. They provide a new medium for artists to showcase their creations and establish a direct and meaningful connection with their audience. OpenSea has taken center stage in this revolution. What is OpenSea? OpenSea, the brainchild of Alex Atallah and Devin Finzer, came into existence in 2017. Their mission was clear: to establish an open and user-friendly marketplace for NFTs. Recognizing the transformative potential of these assets, the founders aimed to provide an NFT platform that would enable creators and collectors to actively engage in the emerging digital ownership economy. As the popularity of nonfungible tokens (NFTs) soared, OpenSea deftly expanded its horizons to encompass a wider array of bl...

Bitcoin ETF momentum runs out as crypto market enters summer slump: Report

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DeFi and NFTs remain deep in the bear market while crypto stocks see an upside. After June gave Bitcoin (BTC) a boost with BlackRock’s application for spot Bitcoin exchange-traded fund (ETF), July sent its price into a summer slump . Only some altcoins managed to perform well in response to Ripple Labs’ partial victory against the United States Securities and Exchange Commission. XRP (XRP), the most obvious beneficiary, posted a monthly close of +49%. The overall response of market s to the result of the lawsuit was much more muted than many anticipated, as a ruling on XRP’s sales does not easily generalize to other coins and tokens. The SEC is now firmly expected to appeal, and market activity has been generally waning over the summer months. Exploring how the various sectors of the digital asset space have performed in this environment, Cointelegraph Research’s “Investor Insights Report” offers a concise monthly round-up of everything going on in crypto. It dives into venture ca...

Trump’s crypto ties may haunt him in court

With an already unprecedented number of criminal charges stacking up against Donald Trump, the Department of Justice (DoJ) has indicted the former President yet again. And as courts begin to dig through Trump’s financial records, US voters might start to take a particular interest in records relating to some of his crypto promotions. Indeed, despite an oddly-written tweet about the preeminence of the US dollar over “Bitcoin and other cryptocurrencies,” Trump and his inner circle have endorsed a variety of dubious coins. Trump Digital Trading Cards The former president famously endorsed an NFT collection, Trump Digital Trading Cards, on December 16, 2022. One day later, the floor price of his collection hit its high of 0.84 ETH. Today, however, the floor price is around 0.12 ETH, an 85% collapse . Within minutes of his endorsement, researchers discovered that the collection’s artist simply photoshopped Donald Trump’s face into standard stock photos. They initially sold for $9...

Sotheby’s auctions off Dmitri Cherniak’s ‘The Goose’ NFT from 3AC collection for $6.2M

Su Zhu and Kyle Davies originally purchased ‘The Goose’ digital artwork in August 2021 for roughly $5.8 million in Ether. Sotheby’s auction house has sold a piece of digital artwork from the collection of collapsed crypto hedge fund Three Arrows Capital (3AC) for more than $6 million. According to auction records updated June 15, Dmitri Cherniak’s artwork ‘The Goose’ sold for roughly $5.4 million in addition to Sotheby’s premium fees, totaling just over $6.2 million. The nonfungible token (NFT) artwork was part of 3AC’s digital portfolio assembled in 2021. Su Zhu and Kyle Davies, 3AC's co-founders,  purchased ‘The Goose’ in August 2021 for 1,800 Ether (ETH), roughly $5.8 million at the time. Thesis: we like the Goose. pic.twitter.com/RBI9Axuvac — 朱溯 (@zhusu) August 27, 2021 Other pieces in the collection   auction ed by Sotheby’s included CryptoPunks #291, #6574 and #8950, as well as Autoglyph #218 from Larva Labs. Reports on social media suggested the Punks sold for betwee...

Monero community lashes out against ‘Mordinals’ amid privacy concerns

It’s always been possible to store arbitrary data alongside blockchain transactions, but NFTs on Monero introduce a slew of new concerns. Nonfungible tokens (NFTs) are finally on the most infamous privacy -focused blockchain, but not everyone is happy about it. M ordinals , or Monero Ordinals, are similar to Bitcoin Ordinals in that they allow anyone to inscribe data alongside transactions stored on the Monero blockchain. From reduced privacy on the network to storing illegal content on an undeletable database, the Monero community is throwing around many concerns — but is there really anything to worry about? What are Mordinals? In January, Casey Rodarmor launched the Bitcoin Ordinals protocol, allowing anyone to inscribe arbitrary data alongside Bitcoin transactions. This enables users to attach data to a single satoshi. The Ordinals protocol keeps track of these satoshis, the linked data and their unique identifiers, facilitating nonfungible tokens on the network. Mordinals are es...

Miami blockchain folk hero secures $5M for community tokenization

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The fund will be used to help residents secure affordable housing through blockchain initiatives. On May 17, the Captain Haiti Foundation, a 4947(a)(1) Charitable Trust, announced a $5 million raise sponsored by private equity firm Dargent Group.  The Captain Haiti Foundation says the partnership aims to leverage blockchain technologies to "combat Miami's housing crisis and the ongoing gentrification of the Haitian community [in Miami]." Nandy Martin, who is also known as Captain Haiti and serves as the Foundation's chairman, explained that the fund will be dedicated to helping residents acquire land, family homes, and commercial real estate in the Little Haiti neighborhood of Miami. "By achieving just 5% of Wynwood's Wall success, our Little Haiti Walls initiative could attract 150,000 tourists annually, stimulating local businesses and amplifying cultural exchange." For the first step, Martin will partner with Web3 music infrastructure provider Nus...

Bitcoin Ordinals community debates fix after inscription validation bug

Currently, over two-thirds of voters on a Twitter poll said the missed inscriptions should be added at a later date instead of there being a retroactive reshuffling. A few solutions are being discussed to fix a code bug found in the Bitcoin (BTC)-native Ordinals protocol which has prevented over 1,200 inscriptions from being validated. While nearly every member of the Ordinals community agrees that these inscription requests should be reincluded, the community is debating whether they should be added retroactively or not. The bug came from the indexer function of the protocol only counting inscription s that were in the first input of a transaction submitted up to and including version 0.5.1 of the protocol. One prominent Ordinals member known on Twitter as “Leonidas.og” summarized the pros and cons of each solution in an April 10 tweet, coming a few days after the issue was first made public on April 5 by the GitHub user “veryordinally.” A bug was found in the ordinals protocol that ...

Amazon is Reportedly Planning to Launch its NFT Marketplace Next Month

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Amazon has forever reigned over the e-commerce realm. The e-commerce giant unveiled plans to launch its own NFT marketplace. The initial plan, which was unveiled in January, stated that the marketplace was still in development. However, the exact details of when the marketplace will launch and who will be leading the initiative were not initially available. According to the latest data shared by The Big Whale, the Amazon NFT marketplace is set to launch on April 24. Source: Business 2 Community Also read: ChatGPT: AI Will “Break Capitalism,” Says CEO Sam Altman Amazon NFT marketplace to go live on April 24 According to the details revealed by the sources who are familiar with the matter, the e-commerce giant is finally preparing itself to begin its NFT journey. The new NFT marketplace will also focus on blockchain-based gaming for users, where they can earn NFTs in return. The new platform will initially only be accessible to US users via the “ Amazon Digita...