🖼 Sotheby's Second 3AC NFT Auction Includes Landmark Dmitri Cherniak Work
Sotheby's is set to auction off more non-fungible tokens (NFTs) seized from bankrupt crypto hedge fund Three Arrows Capital (3AC), bringing high-value NFTs like Dmitri Cherniak's Ringers #879 (often referred to as "The Goose") out from the vault for the first time since 2021. The second sale of 3AC collectibles from the "Grails" collection will be held in New York on June 15 and will feature 37 works from generative artists like Dmitri Cherniak, Tyler Hobbs, Jeff Davis and more. "For the live auction, we specifically wanted to focus on showcasing generative art, and the sale was curated to reflect not only the collection’s deep holdings of some of the most sought-after and renowned generative artists in the movement, but also to spotlight the wider community of artists pushing the boundaries of the algorithm-based art," Micahel Bouhanna, Sotheby's head of digital art and NFTs, told CoinDesk. NFTs include Cherniak’s Ringers #879, a seminal generative artwork that has become known as "The Goose" for its resemblance to the bird. The collectible was purchased by 3AC co-founders Su Zhu and Kyle Davies in August 2021 for about 1,800 ETH.
Sotheby's is set to auction off more non-fungible tokens (NFTs) seized from bankrupt crypto hedge fund Three Arrows Capital (3AC), bringing high-value NFTs like Dmitri Cherniak's Ringers #879 (often referred to as "The Goose") out from the vault for the first time since 2021. The second sale of 3AC collectibles from the "Grails" collection will be held in New York on June 15 and will feature 37 works from generative artists like Dmitri Cherniak, Tyler Hobbs, Jeff Davis and more. "For the live auction, we specifically wanted to focus on showcasing generative art, and the sale was curated to reflect not only the collection’s deep holdings of some of the most sought-after and renowned generative artists in the movement, but also to spotlight the wider community of artists pushing the boundaries of the algorithm-based art," Micahel Bouhanna, Sotheby's head of digital art and NFTs, told CoinDesk. NFTs include Cherniak’s Ringers #879, a seminal generative artwork that has become known as "The Goose" for its resemblance to the bird. The collectible was purchased by 3AC co-founders Su Zhu and Kyle Davies in August 2021 for about 1,800 ETH.
On May 30, a Twitter user named hopeexist1, who claimed to be raising money to help battle cancer through her NFT collection Pixel Penguins, scammed thousands of community members of $117K.
The NFT community, unaware of the deception, united in support and wholeheartedly embraced her collection, leading to a complete sell-out in just a few hours. It was later uncovered that the artwork used in the project was stolen and hopeexist1 then deactivated her account, leaving investors devastated, angry, and empty-handed.
The project had support from influencers such as Andrew Wang who said, “I’ll put my rep on the line to say this is for real amidst all the scams in our space." He later says he did not know this was a scam.
The NFT community, unaware of the deception, united in support and wholeheartedly embraced her collection, leading to a complete sell-out in just a few hours. It was later uncovered that the artwork used in the project was stolen and hopeexist1 then deactivated her account, leaving investors devastated, angry, and empty-handed.
The project had support from influencers such as Andrew Wang who said, “I’ll put my rep on the line to say this is for real amidst all the scams in our space." He later says he did not know this was a scam.
🖼 NFT Artist Fewocious Reveals Upcoming Collection “Fewos”
Non-fungible token (NFT) artist Fewocious said Wednesday he’s gearing up to release his upcoming digital art collection “Fewos.” According to its website, Fewos are characters in Fewoworld, Fewocious’ Web3 universe of digital art. The three species of Fewo NFTs – Frankenstein, Misunderstood, and Humanoid – have their own unique artistic traits. There are no details on the price of the NFTs at this time. While the mint will open for public sale later in the summer, there will be a presale for holders of Fewocious’ previous Paint Drop collection, as well as holders of other Fewocious digital art tokens. The site specifies that each Fewo comes with a ERC-6551, meaning the token can transform into a wallet. The wallet will be used to claim a mint pass for FewoFashion, a collection of digital wearables and accessories. Fewocious, who’s real name is Victor Langlois, has risen to the ranks as one of the most successful NFT artists to date. In April 2022, Fewocious released the Paint Drop collection, in which he amassed $20 million in sales over the course of 24 hours.
Non-fungible token (NFT) artist Fewocious said Wednesday he’s gearing up to release his upcoming digital art collection “Fewos.” According to its website, Fewos are characters in Fewoworld, Fewocious’ Web3 universe of digital art. The three species of Fewo NFTs – Frankenstein, Misunderstood, and Humanoid – have their own unique artistic traits. There are no details on the price of the NFTs at this time. While the mint will open for public sale later in the summer, there will be a presale for holders of Fewocious’ previous Paint Drop collection, as well as holders of other Fewocious digital art tokens. The site specifies that each Fewo comes with a ERC-6551, meaning the token can transform into a wallet. The wallet will be used to claim a mint pass for FewoFashion, a collection of digital wearables and accessories. Fewocious, who’s real name is Victor Langlois, has risen to the ranks as one of the most successful NFT artists to date. In April 2022, Fewocious released the Paint Drop collection, in which he amassed $20 million in sales over the course of 24 hours.
The Ethereum Name Service (ENS) has teamed up with MoonPay to make it easier for users to purchase and register .eth domain names without having to purchase Ethereum and set up a crypto wallet.
ENS simplifies the process by providing easily readable names like "xyz.eth," eliminating the need for long, complex alphanumeric addresses.
This partnership aims to increase mainstream adoption by allowing users to use familiar payment options such as Apple Pay and Google Pay.
ENS simplifies the process by providing easily readable names like "xyz.eth," eliminating the need for long, complex alphanumeric addresses.
This partnership aims to increase mainstream adoption by allowing users to use familiar payment options such as Apple Pay and Google Pay.
🖼 BBF Limited (Baby Shark BubbleFong Friends) to Launch 2nd NFT Collection on Binance NFT Marketplace
BBF Limited, the operating corporation of the game 'Baby Shark BubbleFong Friends', has announced June 2nd that it will be launching its second 'Baby Shark BubbleFong Friends' NFT collection on Binance NFT, the premier marketplace for NFTs created by Binance, the world's leading cryptocurrency exchange, on 5th to 8th of June. 'Baby Shark BubbleFong Friends' is published by KOSDAQ-Listed CityLabs and developed by Haru Entertainment, and the game's Partner Character NFTs. The first pre-sale on the Binance NFT marketplace was a complete success and sold out in less than 30 minutes. 'Baby Shark BubbleFong Friends' Main Character NFTs, which featured the world-renown Pinkfong Wonderstar characters, were sold during the first pre-sale. For the upcoming second pre-sale, 960 of the game's Partner Character NFTs, featuring the sensational Baby Shark characters, will be up for sale on the Binance NFT Marketplace. Those who are interested in the sale will need to register for an account on the Binance NFT marketplace and complete identity verification to be able to participate in the event. More information and details regarding the upcoming pre-sale will be announced on the official social media and community channels.
BBF Limited, the operating corporation of the game 'Baby Shark BubbleFong Friends', has announced June 2nd that it will be launching its second 'Baby Shark BubbleFong Friends' NFT collection on Binance NFT, the premier marketplace for NFTs created by Binance, the world's leading cryptocurrency exchange, on 5th to 8th of June. 'Baby Shark BubbleFong Friends' is published by KOSDAQ-Listed CityLabs and developed by Haru Entertainment, and the game's Partner Character NFTs. The first pre-sale on the Binance NFT marketplace was a complete success and sold out in less than 30 minutes. 'Baby Shark BubbleFong Friends' Main Character NFTs, which featured the world-renown Pinkfong Wonderstar characters, were sold during the first pre-sale. For the upcoming second pre-sale, 960 of the game's Partner Character NFTs, featuring the sensational Baby Shark characters, will be up for sale on the Binance NFT Marketplace. Those who are interested in the sale will need to register for an account on the Binance NFT marketplace and complete identity verification to be able to participate in the event. More information and details regarding the upcoming pre-sale will be announced on the official social media and community channels.
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Nike officially launched its .SWOOSH Our Force 1 (OF1) virtual boxes for members to purchase.
In just one day, they have sold 55k+ totaling over $1M with 30k unique members.
.SWOOSH is Nike’s latest web3 activation, designed to give members the opportunity to co-create the future of the brand.
Virtual releases will grant access to products, experiences, access to Nike events, content, or pre-order upcoming drops.
The sneakers are currently still on sale. You can buy up to 4 OF1 Boxes during General Access, even if you already purchased 1 during First Access.
In just one day, they have sold 55k+ totaling over $1M with 30k unique members.
.SWOOSH is Nike’s latest web3 activation, designed to give members the opportunity to co-create the future of the brand.
Virtual releases will grant access to products, experiences, access to Nike events, content, or pre-order upcoming drops.
The sneakers are currently still on sale. You can buy up to 4 OF1 Boxes during General Access, even if you already purchased 1 during First Access.
🔫 Neal Stephenson's Lamina1 Is Fighting for an Open Metaverse
Neal Stephenson and his team at crypto startup Lamina1 (L1) are convinced that blockchain can help bring it into fruition—and that a certain social media giant co-opted the concept of a metaverse without understanding its true meaning and intent. Lamina 1 is a layer-one blockchain protocol co-founded by Stephenson, the author who has been widely credited as the originator of the term “metaverse” via his seminal 1992 novel Snow Crash. Lamina 1 CEO Rebecca Barkin, who previously was an executive at augmented reality startup Magic Leap, shared L1’s vision for building an open metaverse leveraging crypto—and how video games deeply inspired Stephenson’s metaverse vision. Barkin explained that Stephenson and L1 want to create an open, high-fidelity metaverse—so forget floating cartoon characters without legs and “walled garden” games that don’t allow users to take their assets with them to other virtual spaces. Barkin said that Lamina1—which is preparing to launch its mainnet this summer—also takes issue with Meta’s approach to “the metaverse” and VR.
Neal Stephenson and his team at crypto startup Lamina1 (L1) are convinced that blockchain can help bring it into fruition—and that a certain social media giant co-opted the concept of a metaverse without understanding its true meaning and intent. Lamina 1 is a layer-one blockchain protocol co-founded by Stephenson, the author who has been widely credited as the originator of the term “metaverse” via his seminal 1992 novel Snow Crash. Lamina 1 CEO Rebecca Barkin, who previously was an executive at augmented reality startup Magic Leap, shared L1’s vision for building an open metaverse leveraging crypto—and how video games deeply inspired Stephenson’s metaverse vision. Barkin explained that Stephenson and L1 want to create an open, high-fidelity metaverse—so forget floating cartoon characters without legs and “walled garden” games that don’t allow users to take their assets with them to other virtual spaces. Barkin said that Lamina1—which is preparing to launch its mainnet this summer—also takes issue with Meta’s approach to “the metaverse” and VR.
Crypto regulation is in the works, and Coinbase isn't ruling out relocation away from the U.S.
“Anything is on the table,” said CEO Brian Armstrong when asked if Coinbase would consider moving to Britain.
In Late March, the U.S. Securities and Exchange Commission warned Coinbase of plans to implement regulation on the company.
Lawmakers have yet to agree on these plans as they decide whether assets like Bitcoin and Ethereum should be considered securities or commodities.
“Anything is on the table,” said CEO Brian Armstrong when asked if Coinbase would consider moving to Britain.
In Late March, the U.S. Securities and Exchange Commission warned Coinbase of plans to implement regulation on the company.
Lawmakers have yet to agree on these plans as they decide whether assets like Bitcoin and Ethereum should be considered securities or commodities.
🖼 Gary Vaynerchuk expects NFTs to expand beyond digital collectibles long term
Welcome back to Chain Reaction, a podcast that unpacks and dives deep into the latest trends, drama and news with some of the biggest names in crypto breaking things down block by block for the crypto curious. For this week’s episode, Jacquelyn interviewed Gary Vaynerchuk, better known as Gary Vee. He is the chairman of VaynerX and CEO of VaynerMedia and NFT collection VeeFriends. NFT collectibles as a part of the ecosystem, but believes in 20 years, when people hear the term NFT. The inspiration behind VeeFriends began between 2018 and 2019 when Vaynerchuk originally wanted to start a line of desktop toys for “positive reinforcement.” The idea derived from the thousands of direct messages he receives monthly from people saying how they dislike their jobs. So originally he was going to launch a toy line, but COVID-19 happened and the NFT boom began, which was where Vaynerchuk merged his plan through the digital asset sector. “I did have a big audience … but I focused on real life utility,” Vaynerchuk said. “At first I thought I was building Disney, now I think I’m building Sesame Street … I want to create a universe, and I thought the technology of NFTs was an incredibly fun way to start that.”
Welcome back to Chain Reaction, a podcast that unpacks and dives deep into the latest trends, drama and news with some of the biggest names in crypto breaking things down block by block for the crypto curious. For this week’s episode, Jacquelyn interviewed Gary Vaynerchuk, better known as Gary Vee. He is the chairman of VaynerX and CEO of VaynerMedia and NFT collection VeeFriends. NFT collectibles as a part of the ecosystem, but believes in 20 years, when people hear the term NFT. The inspiration behind VeeFriends began between 2018 and 2019 when Vaynerchuk originally wanted to start a line of desktop toys for “positive reinforcement.” The idea derived from the thousands of direct messages he receives monthly from people saying how they dislike their jobs. So originally he was going to launch a toy line, but COVID-19 happened and the NFT boom began, which was where Vaynerchuk merged his plan through the digital asset sector. “I did have a big audience … but I focused on real life utility,” Vaynerchuk said. “At first I thought I was building Disney, now I think I’m building Sesame Street … I want to create a universe, and I thought the technology of NFTs was an incredibly fun way to start that.”
Remember when Elon Musk changed Twitter's logo to Doge? Well – that’s coming back to haunt him – he has been formally accused of insider trading and manipulating the price of Dogecoin in a proposed class action lawsuit.
A Wednesday night filing in Manhattan federal court claims that Musk, for example, sold roughly $124 million worth of Dogecoin in April after he replaced Twitter's logo with Dogecoin's logo, which led to a 30 percent increase in Dogecoin's price.
According to the filling, Musk went on a "deliberate course of carnival barking, market manipulation and insider trading" in order to defraud investors.
A Wednesday night filing in Manhattan federal court claims that Musk, for example, sold roughly $124 million worth of Dogecoin in April after he replaced Twitter's logo with Dogecoin's logo, which led to a 30 percent increase in Dogecoin's price.
According to the filling, Musk went on a "deliberate course of carnival barking, market manipulation and insider trading" in order to defraud investors.
📣 GameStop NFT back in the spotlight after partnership with Illuvium
On June 5, Ethereum blockchain game developer Illuvium announced a partnership with video game and consumer merchandise retailer GameStop to debut a 20,000 nonfungible token (NFT) collection starting June 12. According to developers, the "Illuvitars" NFTS are "dynamic collectable works of art, representing a specific avatar of an Illuvial with a distinct expression. Each Illuvitar carries a power rating, determined by its rarity, which helps you climb the leaderboard.". Each "GameStop x Illuvitar D1SK NFT" will contain a unique GameStop-branded "Illuvitar," which developers say possess "108 potential combinations based on six different Illuvials, three expressions, three background stages, and two finishes." D1SKs contain random Illuvitars and accessories and can be traded on the Illuvi decentralized exchange. In addition, NFT holders will be entitled to early access to Illuvium's creature collector games, Illuvium Overworld and Illuvium Arena, and other perks. Cointelegraph reported in February 2022 that GameStop selected Ethereum layer-2 scaling solution Immutable X to power its NFT marketplace.
On June 5, Ethereum blockchain game developer Illuvium announced a partnership with video game and consumer merchandise retailer GameStop to debut a 20,000 nonfungible token (NFT) collection starting June 12. According to developers, the "Illuvitars" NFTS are "dynamic collectable works of art, representing a specific avatar of an Illuvial with a distinct expression. Each Illuvitar carries a power rating, determined by its rarity, which helps you climb the leaderboard.". Each "GameStop x Illuvitar D1SK NFT" will contain a unique GameStop-branded "Illuvitar," which developers say possess "108 potential combinations based on six different Illuvials, three expressions, three background stages, and two finishes." D1SKs contain random Illuvitars and accessories and can be traded on the Illuvi decentralized exchange. In addition, NFT holders will be entitled to early access to Illuvium's creature collector games, Illuvium Overworld and Illuvium Arena, and other perks. Cointelegraph reported in February 2022 that GameStop selected Ethereum layer-2 scaling solution Immutable X to power its NFT marketplace.
The Securities and Exchange Commission (SEC) has filed a case against Binance, the largest global cryptocurrency exchange.
According to the SEC, Binance has been accused of intermingling customer funds amounting to billions of dollars and covertly transferring them to a distinct company, Merit Peak Limited. This company is reportedly under the control of Binance’s founder, Changpeng Zhao, who is widely known in the cryptocurrency world as “C.Z.”
The charges also implicate the firm is misleading investors about its ability to manage manipulative trading and insufficiently restricting U.S. investors' access to its unregulated exchange.
According to the SEC, Binance has been accused of intermingling customer funds amounting to billions of dollars and covertly transferring them to a distinct company, Merit Peak Limited. This company is reportedly under the control of Binance’s founder, Changpeng Zhao, who is widely known in the cryptocurrency world as “C.Z.”
The charges also implicate the firm is misleading investors about its ability to manage manipulative trading and insufficiently restricting U.S. investors' access to its unregulated exchange.
📣 Puig celebrates Good Girl Blush launch with first-of-a-kind NFT activation
Puig has created a pioneering NFT (non-fungible token) activation at Madrid-Barajas and Rio de Janeiro-Antonio Carlos Jobim Airports to celebrate the launch of its Good Girl Blush fragrance from Carolina Herrera. The NFT collection, called The Beauty Travel Capsule, is described as an exclusive digital assets showcase of artwork inspired by the new scent. It was created by digital artist duo Auroboros and will be available at the two locations for a limited time only. Auroboros is a collective of 3D designers committed to championing the values of female empowerment and diversity. Accordingly, the exclusive Beauty Travel Capsule NFT collection aims to inspire, connect and support women globally. Additionally, owners will have access to the WOW3 programme which includes physical and virtual events, and a tech global job platform, as well as a weekly podcast and newsletter. The Beauty Travel Capsule NFT holders will automatically be inducted into the Carolina Herrera Beauty Travel Community, and receive exclusive communications from the brand.
Puig has created a pioneering NFT (non-fungible token) activation at Madrid-Barajas and Rio de Janeiro-Antonio Carlos Jobim Airports to celebrate the launch of its Good Girl Blush fragrance from Carolina Herrera. The NFT collection, called The Beauty Travel Capsule, is described as an exclusive digital assets showcase of artwork inspired by the new scent. It was created by digital artist duo Auroboros and will be available at the two locations for a limited time only. Auroboros is a collective of 3D designers committed to championing the values of female empowerment and diversity. Accordingly, the exclusive Beauty Travel Capsule NFT collection aims to inspire, connect and support women globally. Additionally, owners will have access to the WOW3 programme which includes physical and virtual events, and a tech global job platform, as well as a weekly podcast and newsletter. The Beauty Travel Capsule NFT holders will automatically be inducted into the Carolina Herrera Beauty Travel Community, and receive exclusive communications from the brand.
The SEC is suing Coinbase for allegedly operating as an unregistered securities exchange, broker and clearing agency.
According to the SEC’s complaint, since at least 2019, Coinbase has made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities.
The SEC alleges that Coinbase intertwines the traditional services of an exchange, broker, and clearing agency without having registered any of those functions with the Commission as required by law.
According to the SEC’s complaint, since at least 2019, Coinbase has made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities.
The SEC alleges that Coinbase intertwines the traditional services of an exchange, broker, and clearing agency without having registered any of those functions with the Commission as required by law.
⚡️ Developers Will Build Apple’s Metaverse
Apple loves developers, and developers love it back. In fact, the company loves devs so much it created a conference for them, which has now become its biggest platform for it to launch its greatest new products. In Worldwide Developers Conference, or WWDC for short, Apple announced a whole ecosystem for developers embedded in the Vision Pro headset. ARKit, developers can add AR features like a depth API, people occlusion, Instant AR, motion capture, and more to their applications. Along with releasing what it calls the world’s first spatial computer, Apple also dropped the details of the dev stack behind the new product line. Aiming to replicate the success of their past products’ developer ecosystem, Apple will soon release dev tools that might create the new standard for XR (extended reality), but on Apple’s terms. To go along with its new Vision Pro headset, Apple announced the visionOS operating system. The visionOS SDK builds on Apple’s history of augmented reality dev kits such as RealityKit, ARKit and other AR creation tools. ARKit was Apple’s first foray into harnessing the power of augmented reality, with the company releasing ARKit 6 at WWDC earlier this week.
Apple loves developers, and developers love it back. In fact, the company loves devs so much it created a conference for them, which has now become its biggest platform for it to launch its greatest new products. In Worldwide Developers Conference, or WWDC for short, Apple announced a whole ecosystem for developers embedded in the Vision Pro headset. ARKit, developers can add AR features like a depth API, people occlusion, Instant AR, motion capture, and more to their applications. Along with releasing what it calls the world’s first spatial computer, Apple also dropped the details of the dev stack behind the new product line. Aiming to replicate the success of their past products’ developer ecosystem, Apple will soon release dev tools that might create the new standard for XR (extended reality), but on Apple’s terms. To go along with its new Vision Pro headset, Apple announced the visionOS operating system. The visionOS SDK builds on Apple’s history of augmented reality dev kits such as RealityKit, ARKit and other AR creation tools. ARKit was Apple’s first foray into harnessing the power of augmented reality, with the company releasing ARKit 6 at WWDC earlier this week.
Twitch Co-Founder's Fractal Launches Tools to Help Devs Build NFT Games
Gaming-centric Web3 startup and NFT marketplace Fractal has announced Fractal Studio, or FStudio, a three-part product the firm says will enable video game developers to more easily add crypto integrations into their titles without having to code. FStudio gives developers the ability to “build,” “acquire,” and “monetize” their projects, according to a statement. Developers will be able to turn in-game assets into NFTs with FStudio.
FStudio users can also add their games to Fractal’s desktop game launcher for app-based games, which already boasts roughly 150 titles. Browser-based games can appear on the Fractal web platform, meanwhile.FStudio will allow game developers to host their own tournaments with prize money, create events, conduct giveaways and give players rewards, and create a “crafting” mechanic that allows gamers to earn prizes.
Gaming-centric Web3 startup and NFT marketplace Fractal has announced Fractal Studio, or FStudio, a three-part product the firm says will enable video game developers to more easily add crypto integrations into their titles without having to code. FStudio gives developers the ability to “build,” “acquire,” and “monetize” their projects, according to a statement. Developers will be able to turn in-game assets into NFTs with FStudio.
FStudio users can also add their games to Fractal’s desktop game launcher for app-based games, which already boasts roughly 150 titles. Browser-based games can appear on the Fractal web platform, meanwhile.FStudio will allow game developers to host their own tournaments with prize money, create events, conduct giveaways and give players rewards, and create a “crafting” mechanic that allows gamers to earn prizes.
🖼 ‘Stand With Crypto’ NFT Spreads Across Crypto Twitter Amid SEC Crackdown
The past 48 hours have been grim for the crypto industry. On Monday, the Securities and Exchange Commission (SEC) sued crypto exchange Binance and its founder and CEO Changpeng Zhao for allegedly violating federal securities laws. The next day, the SEC filed a lawsuit against Coinbase over similar allegations. Later in the afternoon, the SEC sought to freeze assets related to Binance.US, the exchange’s US-based entity. The crackdown isn’t surprising to some; however, it’s added to the frustration around the lack of policy and regulatory clarity in the United States surrounding crypto. While the lawsuits are so far only against Binance and Coinbase, the entire industry has been shaken up by the news, and the value of tokens named in the filings has plummeted. Some critics hyperbolized that the situation could mark the downfall of crypto. Since Monday morning, figures across the crypto space have minted Coinbase’s Stand with Crypto non-fungible token (NFT) on minting platform Zora to mark their commitment to crypto while demanding regulatory clarity.
The past 48 hours have been grim for the crypto industry. On Monday, the Securities and Exchange Commission (SEC) sued crypto exchange Binance and its founder and CEO Changpeng Zhao for allegedly violating federal securities laws. The next day, the SEC filed a lawsuit against Coinbase over similar allegations. Later in the afternoon, the SEC sought to freeze assets related to Binance.US, the exchange’s US-based entity. The crackdown isn’t surprising to some; however, it’s added to the frustration around the lack of policy and regulatory clarity in the United States surrounding crypto. While the lawsuits are so far only against Binance and Coinbase, the entire industry has been shaken up by the news, and the value of tokens named in the filings has plummeted. Some critics hyperbolized that the situation could mark the downfall of crypto. Since Monday morning, figures across the crypto space have minted Coinbase’s Stand with Crypto non-fungible token (NFT) on minting platform Zora to mark their commitment to crypto while demanding regulatory clarity.
Puma Plots NFT Sneaker Drop With NBA's LaMelo Ball, Gutter Cat Gang
Global sports apparel company Puma is continuing its foray into Web3 with a sneaker-based collaboration with NBA star LaMelo Ball and the NFT project Gutter Cat Gang. Titled “GutterMelo MB.03,” the limited-edition kicks will initially be sold for $175 via the OpenSea marketplace as an NFT collectible on June 29. The NFT can later be redeemed for the physical sneakers during a month-long window from July 18 through August 20.
Gutter Gang Cat is an NFT profile picture (PFP) project launched in June 2021 that features 3,000 cat-themed avatars. The Puma sneaker is customized with a colorful effect that looks like a heat map, along with a Gutter Cat Gang image and “1-of-1” inscription on the tongue plus the names of the collaborators on the heel.
Global sports apparel company Puma is continuing its foray into Web3 with a sneaker-based collaboration with NBA star LaMelo Ball and the NFT project Gutter Cat Gang. Titled “GutterMelo MB.03,” the limited-edition kicks will initially be sold for $175 via the OpenSea marketplace as an NFT collectible on June 29. The NFT can later be redeemed for the physical sneakers during a month-long window from July 18 through August 20.
Gutter Gang Cat is an NFT profile picture (PFP) project launched in June 2021 that features 3,000 cat-themed avatars. The Puma sneaker is customized with a colorful effect that looks like a heat map, along with a Gutter Cat Gang image and “1-of-1” inscription on the tongue plus the names of the collaborators on the heel.
🖼 Foundation Announces Dynamic NFT Pricing Feature
The NFT marketplace Foundation has launched Dynamic Pricing, a new, automated feature on the platform meant to simplify pricing for creators, according to information shared exclusively with nft now. Dynamic Pricing leverages a Rebate Dutch Auction mechanism, a pricing model designed by Foundation to help creators navigate the complex and often intimidating process of pricing their creations. Appropriately estimating the price of an NFT can be tricky as a creator in Web3; if the price is too high, it could result in sluggish or (in some cases) no sales at all. Conversely, setting the price too low could lead to a rapid sell-out, leaving creators feeling they could have earned more for their work. The uncertainty surrounding this facet of the industry adds an unhappy element of unpredictability to a market already known for its volatility and ambiguity. By permitting the market to influence the pricing, Dynamic Pricing takes into account variables that creators can struggle with balancing, including personal profit, collector accessibility, and experience, as well as the likelihood of a sell-out.
The NFT marketplace Foundation has launched Dynamic Pricing, a new, automated feature on the platform meant to simplify pricing for creators, according to information shared exclusively with nft now. Dynamic Pricing leverages a Rebate Dutch Auction mechanism, a pricing model designed by Foundation to help creators navigate the complex and often intimidating process of pricing their creations. Appropriately estimating the price of an NFT can be tricky as a creator in Web3; if the price is too high, it could result in sluggish or (in some cases) no sales at all. Conversely, setting the price too low could lead to a rapid sell-out, leaving creators feeling they could have earned more for their work. The uncertainty surrounding this facet of the industry adds an unhappy element of unpredictability to a market already known for its volatility and ambiguity. By permitting the market to influence the pricing, Dynamic Pricing takes into account variables that creators can struggle with balancing, including personal profit, collector accessibility, and experience, as well as the likelihood of a sell-out.
