🪙 Ordinals Reach 20 Million Milestone, But Bitcoin-Based NFT Sales Slide
On July 28, 2023, the tally of Ordinal inscriptions achieved a significant milestone, exceeding 20 million. These Bitcoin Ordinals, digital asset inscriptions within the Bitcoin blockchain, enable users to affix information to individual satoshis, the smallest fraction of BTC. Pioneered by Casey Rodarmor and facilitated by Bitcoin’s Taproot upgrade, this technology catapulted the blockchain into prominence. As the numbers swelled into the millions, Bitcoin Ordinal inscriptions contributed to making the blockchain the second-largest in weekly NFT sales, time and time again. The week from July 22 to July 29, 2023, however, painted a different picture. Bitcoin-centric NFT sales slumped by 35.22%, as per the statistics on cryptoslam.io. Data revealed that Bitcoin-based NFT sales amounted to $4.54 million during the past seven days, relegating the blockchain to a seventh-place position, below Polygon. Meanwhile, Solana (SOL), with $6.61 million in NFT sales, clinched this past week’s second-place spot. Among the top 20 priciest sales, a mere two Ordinals secured positions in this week’s rankings. Data from Dune Analytics further illustrates a decline in volumes since mid-July concerning marketplaces engaged in Ordinal trades, including Okx, Unisat, Magic Eden, Gamma, Open Ordex, Ordinals Wallet, Ordswap, and Ordinals Market.
On July 28, 2023, the tally of Ordinal inscriptions achieved a significant milestone, exceeding 20 million. These Bitcoin Ordinals, digital asset inscriptions within the Bitcoin blockchain, enable users to affix information to individual satoshis, the smallest fraction of BTC. Pioneered by Casey Rodarmor and facilitated by Bitcoin’s Taproot upgrade, this technology catapulted the blockchain into prominence. As the numbers swelled into the millions, Bitcoin Ordinal inscriptions contributed to making the blockchain the second-largest in weekly NFT sales, time and time again. The week from July 22 to July 29, 2023, however, painted a different picture. Bitcoin-centric NFT sales slumped by 35.22%, as per the statistics on cryptoslam.io. Data revealed that Bitcoin-based NFT sales amounted to $4.54 million during the past seven days, relegating the blockchain to a seventh-place position, below Polygon. Meanwhile, Solana (SOL), with $6.61 million in NFT sales, clinched this past week’s second-place spot. Among the top 20 priciest sales, a mere two Ordinals secured positions in this week’s rankings. Data from Dune Analytics further illustrates a decline in volumes since mid-July concerning marketplaces engaged in Ordinal trades, including Okx, Unisat, Magic Eden, Gamma, Open Ordex, Ordinals Wallet, Ordswap, and Ordinals Market.
The life of altcoins🪙
⚡️A simple observation from crypto-twitter that will help you not to get high - altcoins die when their capitalization reaches 10 million ETH (10% of saplai) or 2 million BTC (also 10% of saplai). Below are a number of examples and a few exceptions (which you know what).
1️⃣LINK. 10M Eth, reached in mid-2020, down only since then.
2️⃣NEO. Down only after 10M Eth.
3️⃣SOL. Exceeded limit and reached ~17M Eth, but only down from there.
4️⃣DASH. This one, on the other hand, almost fell short and only reached 1M₿.
5️⃣AVAX. Only down after 8M Eth.
6️⃣IOTA. Grew to1M₿, then slowly dying.
7️⃣DOT. Maxed out at just under 1M₿, but around20M Eth.
8️⃣TRX. The tops are close to the previous one.
9️⃣LUNA. The most obvious position of the above, which suffered a crushing crash, but by volume fits the general rule - its max was at 1M₿ and 10M Eth.
1️⃣0️⃣XEM. Exactly the same situation: 1M₿ and 10M Eth, then only down.
Other examples of similar or close charts are BCH, SHIB, EOS, DASH, XMR, NANO, ATOM, ZEC, PPC, XTZ.
🧐Exception: LTC! Caught in the "death zone" at the level of 1M₿ 5 times. True, the last time it happened was in 2019, since then - only a fall.
🔩The obvious conclusion: when choosing long-term investments, look at the charts to ETH and BTC, avoid flying in late, and if you don't know what to buy - buy BTC or ETH.
📌Disclamer: of course, you should not rely only on the described rule. As always in such cases, not all coins even from the top 100 CMCs satisfy it. If the capitalization of the project has not reached 10 million ETH so far, it is quite possible that it will never reach them. However, the fact that on the horizon of 5+ years almost all cryptocurrencies are losing to BTC and ETH is an undeniable fact.
⚡️A simple observation from crypto-twitter that will help you not to get high - altcoins die when their capitalization reaches 10 million ETH (10% of saplai) or 2 million BTC (also 10% of saplai). Below are a number of examples and a few exceptions (which you know what).
1️⃣LINK. 10M Eth, reached in mid-2020, down only since then.
2️⃣NEO. Down only after 10M Eth.
3️⃣SOL. Exceeded limit and reached ~17M Eth, but only down from there.
4️⃣DASH. This one, on the other hand, almost fell short and only reached 1M₿.
5️⃣AVAX. Only down after 8M Eth.
6️⃣IOTA. Grew to
7️⃣DOT. Maxed out at just under 1M₿, but around
8️⃣TRX. The tops are close to the previous one.
9️⃣LUNA. The most obvious position of the above, which suffered a crushing crash, but by volume fits the general rule - its max was at 1M₿ and 10M Eth.
1️⃣0️⃣XEM. Exactly the same situation: 1M₿ and 10M Eth, then only down.
Other examples of similar or close charts are BCH, SHIB, EOS, DASH, XMR, NANO, ATOM, ZEC, PPC, XTZ.
🧐Exception: LTC! Caught in the "death zone" at the level of 1M₿ 5 times. True, the last time it happened was in 2019, since then - only a fall.
🔩The obvious conclusion: when choosing long-term investments, look at the charts to ETH and BTC, avoid flying in late, and if you don't know what to buy - buy BTC or ETH.
📌Disclamer: of course, you should not rely only on the described rule. As always in such cases, not all coins even from the top 100 CMCs satisfy it. If the capitalization of the project has not reached 10 million ETH so far, it is quite possible that it will never reach them. However, the fact that on the horizon of 5+ years almost all cryptocurrencies are losing to BTC and ETH is an undeniable fact.
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🖼 Starbucks Embarks on a New NFT Journey with 'Green Apron' Drop
Starbucks is set to launch its latest non-fungible token (NFT) collection, named "Green Apron." As per reports, this digital collection pays homage to the evolution of Starbucks' iconic apron, from its original Pike Place design to the now-familiar Siren apron. The series also serves as a tribute to the dedicated employees who have served for over 50 years. The collection will launch on August 1, 2023, on the Nifty Gateway NFT marketplace. Curious buyers will be reportedly treated to a delightful surprise on August 3, 2023, when Starbucks unveils the stunning NFT designs. The upcoming "Green Apron" NFT drop marks Starbucks' fifth venture within its Web3 program, Starbucks Odyssey. Each drop in this series holds a distinctive element that embodies the essence of Starbucks. Starbucks has already experienced success with previous NFT collections. "The Siren Collection" was a hit, featuring the iconic siren emblem, and sold out within an astonishing 20 minutes. " The First Store" celebrated the opening of Starbucks' first store at Seattle's Pike Place Market in 1971. Polygon is a “layer two” or “sidechain” scaling solution that runs alongside the Ethereum blockchain.
Starbucks is set to launch its latest non-fungible token (NFT) collection, named "Green Apron." As per reports, this digital collection pays homage to the evolution of Starbucks' iconic apron, from its original Pike Place design to the now-familiar Siren apron. The series also serves as a tribute to the dedicated employees who have served for over 50 years. The collection will launch on August 1, 2023, on the Nifty Gateway NFT marketplace. Curious buyers will be reportedly treated to a delightful surprise on August 3, 2023, when Starbucks unveils the stunning NFT designs. The upcoming "Green Apron" NFT drop marks Starbucks' fifth venture within its Web3 program, Starbucks Odyssey. Each drop in this series holds a distinctive element that embodies the essence of Starbucks. Starbucks has already experienced success with previous NFT collections. "The Siren Collection" was a hit, featuring the iconic siren emblem, and sold out within an astonishing 20 minutes. " The First Store" celebrated the opening of Starbucks' first store at Seattle's Pike Place Market in 1971. Polygon is a “layer two” or “sidechain” scaling solution that runs alongside the Ethereum blockchain.
🖼 Gaming Giant Bandai Namco Launches AI Virtual Pet NFT Game
Major video game creator Bandai Namco has teamed up with Oasys, a gaming-centric blockchain network, to create an AI-powered virtual pet game around a series of NFT-based digital creatures known as RYU. Developed by Bandai Namco Research alongside Japanese startup Attructure, and published by Double Jump.Tokyo, the RYUZO game launched Wednesday. In advance of the release, 10,000 digital NFT eggs (or MARYU) were airdropped to holders of Oasys’ first series of NFTs in the “Oasyx” project. Upon hatching, the RYU will then transform into a soulbound token, a type of token that is locked to its original wallet and cannot be transferred or sold. Similar in approach to the classic Tamagotchi virtual pet game, the RYU will develop a personality and unlock different abilities based on user engagement. It can be fed and raced, too. According to Oasys, the creatures learn new capabilities thanks to artificial intelligence, delivering a potentially more advanced virtual pet experience than past efforts. Players will also be able to create further generations of MARYU within the application. As it stands, the nurturing phase of the game experience is scheduled to end in a year's time, but the creatures will remain active beyond that.
Major video game creator Bandai Namco has teamed up with Oasys, a gaming-centric blockchain network, to create an AI-powered virtual pet game around a series of NFT-based digital creatures known as RYU. Developed by Bandai Namco Research alongside Japanese startup Attructure, and published by Double Jump.Tokyo, the RYUZO game launched Wednesday. In advance of the release, 10,000 digital NFT eggs (or MARYU) were airdropped to holders of Oasys’ first series of NFTs in the “Oasyx” project. Upon hatching, the RYU will then transform into a soulbound token, a type of token that is locked to its original wallet and cannot be transferred or sold. Similar in approach to the classic Tamagotchi virtual pet game, the RYU will develop a personality and unlock different abilities based on user engagement. It can be fed and raced, too. According to Oasys, the creatures learn new capabilities thanks to artificial intelligence, delivering a potentially more advanced virtual pet experience than past efforts. Players will also be able to create further generations of MARYU within the application. As it stands, the nurturing phase of the game experience is scheduled to end in a year's time, but the creatures will remain active beyond that.
🖼 Google Play's new policy invites NFT integration into apps
Google Play made a groundbreaking policy change recently, giving developers the green light to incorporate digital assets, including Non-Fungible Tokens (NFTs), into their apps and games. The announcement marks a significant step towards embracing blockchain technology and opens up new possibilities for the web3 gaming ecosystem. On July 12, Google Play's Group Support Manager Joseph Mills announced the policy change, which comes as a paradigm shift for traditional gamers. The integration of NFT-backed assets allows players to truly own their in-game items, providing them with the power to monetise their gaming skills and time through play-to-earn models. “These new guidelines were developed in close consultation with app and game developers,” Mills said. Shubham Gupta, co-founder and CPO at Indian web3 fan engagement platform STAN, highlights the benefits of P2E gaming models that Google Play would now help democratise. “Investing time and energy in a game is now rewarding with the play to earn gaming models, which allows users to earn a sustainable income through gaming directly, and also indirectly through content creation, flipping assets and investing right.”
Google Play made a groundbreaking policy change recently, giving developers the green light to incorporate digital assets, including Non-Fungible Tokens (NFTs), into their apps and games. The announcement marks a significant step towards embracing blockchain technology and opens up new possibilities for the web3 gaming ecosystem. On July 12, Google Play's Group Support Manager Joseph Mills announced the policy change, which comes as a paradigm shift for traditional gamers. The integration of NFT-backed assets allows players to truly own their in-game items, providing them with the power to monetise their gaming skills and time through play-to-earn models. “These new guidelines were developed in close consultation with app and game developers,” Mills said. Shubham Gupta, co-founder and CPO at Indian web3 fan engagement platform STAN, highlights the benefits of P2E gaming models that Google Play would now help democratise. “Investing time and energy in a game is now rewarding with the play to earn gaming models, which allows users to earn a sustainable income through gaming directly, and also indirectly through content creation, flipping assets and investing right.”
Starbucks Embarks on a New NFT Journey with 'Green Apron' Drop
Starbucks is set to launch its latest non-fungible token (NFT) collection, named "Green Apron." As per reports, this digital collection pays homage to the evolution of Starbucks' iconic apron, from its original Pike Place design to the now-familiar Siren apron. The series also serves as a tribute to the dedicated employees who have served for over 50 years. The collection will launch on August 1, 2023, on the Nifty Gateway NFT marketplace.
The upcoming "Green Apron" NFT drop marks Starbucks' fifth venture within its Web3 program, Starbucks Odyssey. Each drop in this series holds a distinctive element that embodies the essence of Starbucks. Starbucks has already experienced success with previous NFT collections. "The Siren Collection" was a hit, featuring the iconic siren emblem, and sold out within an astonishing 20 minutes.
Starbucks is set to launch its latest non-fungible token (NFT) collection, named "Green Apron." As per reports, this digital collection pays homage to the evolution of Starbucks' iconic apron, from its original Pike Place design to the now-familiar Siren apron. The series also serves as a tribute to the dedicated employees who have served for over 50 years. The collection will launch on August 1, 2023, on the Nifty Gateway NFT marketplace.
The upcoming "Green Apron" NFT drop marks Starbucks' fifth venture within its Web3 program, Starbucks Odyssey. Each drop in this series holds a distinctive element that embodies the essence of Starbucks. Starbucks has already experienced success with previous NFT collections. "The Siren Collection" was a hit, featuring the iconic siren emblem, and sold out within an astonishing 20 minutes.
🖼 Yue Minjun to Release Laughing Head NFTs
Chinese political pop artist Yue Minjun will bring his trademark laughing figures to the digital realm for the first time with the collection Kingdom of the Laughing Man. 'I've explored numerous media with my art over the years,' Yue said in a statement. 'This new digital frontier excites me the most as I can bring my art to life in a way that I haven't been able to with physical media.' . Alongside Fang Lijun and Liu Wei, both of whom have previously produced NFTs of their own. The Kingdom of the Laughing Man collection will launch with 'Boundless', a series of 1,200 unique NFTs in the PFP (Profile Picture) format made popular by Cryptopunks and the Bored Ape Yacht Club. Presented in collaboration with Los Angeles based iv gallery, the first drop from Yue's collection will take place on 8 August on the LiveArt platform. Prices for art-related NFTs peaked in 2021, and total sales fell from $2.9 billion in 2021 to $1.5 billion in 2022 according to The Art Market Report 2023. Museums including LACMA and Centre Pompidou acquired NFTs in 2023, while American sculptor Maya Lin minted her first NFT works in March.
Chinese political pop artist Yue Minjun will bring his trademark laughing figures to the digital realm for the first time with the collection Kingdom of the Laughing Man. 'I've explored numerous media with my art over the years,' Yue said in a statement. 'This new digital frontier excites me the most as I can bring my art to life in a way that I haven't been able to with physical media.' . Alongside Fang Lijun and Liu Wei, both of whom have previously produced NFTs of their own. The Kingdom of the Laughing Man collection will launch with 'Boundless', a series of 1,200 unique NFTs in the PFP (Profile Picture) format made popular by Cryptopunks and the Bored Ape Yacht Club. Presented in collaboration with Los Angeles based iv gallery, the first drop from Yue's collection will take place on 8 August on the LiveArt platform. Prices for art-related NFTs peaked in 2021, and total sales fell from $2.9 billion in 2021 to $1.5 billion in 2022 according to The Art Market Report 2023. Museums including LACMA and Centre Pompidou acquired NFTs in 2023, while American sculptor Maya Lin minted her first NFT works in March.
Tinder is in the advanced stages of trialing an AI-driven feature that peruses users' photo collections to pick five ideal images for their dating profiles. This was unveiled by the parent firm, Match Group, in their latest earnings discourse.
Bernard Kim, Match Group's Chief Executive, pointed out a common dilemma for new Tinder users: the challenge of choosing the perfect pictures that truthfully reflect their essence on the dating platform. This AI-enhanced photo selection is designed to alleviate this very pressure, ensuring profiles are a genuine mirror of the user.
Tinder’s Chief Product Officer, Mark Van Ryswyk, alluded to future integrations of generative AI. This could encompass assistance in crafting compelling bios.
Bernard Kim, Match Group's Chief Executive, pointed out a common dilemma for new Tinder users: the challenge of choosing the perfect pictures that truthfully reflect their essence on the dating platform. This AI-enhanced photo selection is designed to alleviate this very pressure, ensuring profiles are a genuine mirror of the user.
Tinder’s Chief Product Officer, Mark Van Ryswyk, alluded to future integrations of generative AI. This could encompass assistance in crafting compelling bios.
🖼 BEET VAN SWIM Announces His First NFT Collection, Challenging Modern Art Consumption Behaviors
BEET VAN SWIM, an artist based in Ibaraki Prefecture, Japan, has announced his first NFT collection, "DIGITAL FINE ART," on the NFT marketplace Foundation. The collection features 10 conceptual paintings, each showcasing a unique artistic identity. The floor price of the collection is set at 2.24 ETH (approximately $1,800 USD at current rates). To purchase these limited NFTs, virtual currency wallets, such as MetaMask, need to be connected to the Foundation marketplace. Born in 1962, BEET VAN SWIM is an art creator based in Ibaraki Prefecture, Japan. His creative journey began at the age of 20, and he studied painting techniques at the School of Fine Arts in New York from 1994 to 1996. While BEET VAN SWIM has been actively involved in analog painting throughout his long artistic career, he embarked on digital artwork creation around 2020. Through the "DIGITAL FINE ART" collection, BEET VAN SWIM has skillfully merged his scrupulous painting techniques, developed over almost four decades, with digital technology to establish a distinctive and avant-garde artistic style. BEET VAN SWIM interprets this collection as a means to challenge a sense of loss towards contemporary consumer behaviors, dominated by the digital technology.
BEET VAN SWIM, an artist based in Ibaraki Prefecture, Japan, has announced his first NFT collection, "DIGITAL FINE ART," on the NFT marketplace Foundation. The collection features 10 conceptual paintings, each showcasing a unique artistic identity. The floor price of the collection is set at 2.24 ETH (approximately $1,800 USD at current rates). To purchase these limited NFTs, virtual currency wallets, such as MetaMask, need to be connected to the Foundation marketplace. Born in 1962, BEET VAN SWIM is an art creator based in Ibaraki Prefecture, Japan. His creative journey began at the age of 20, and he studied painting techniques at the School of Fine Arts in New York from 1994 to 1996. While BEET VAN SWIM has been actively involved in analog painting throughout his long artistic career, he embarked on digital artwork creation around 2020. Through the "DIGITAL FINE ART" collection, BEET VAN SWIM has skillfully merged his scrupulous painting techniques, developed over almost four decades, with digital technology to establish a distinctive and avant-garde artistic style. BEET VAN SWIM interprets this collection as a means to challenge a sense of loss towards contemporary consumer behaviors, dominated by the digital technology.
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Exciting news awaits this month as the Doodles x Crocs collaboration is set to launch.
With the anticipated arrival of August 2023, this unique collection will introduce shoes, wearables, and jibbitz.
With the anticipated arrival of August 2023, this unique collection will introduce shoes, wearables, and jibbitz.
🔫 Roblox has potential to become master of the metaverse
The metaverse is a virtual world that allows people to participate directly in online experiences. Roblox (NYSE: RBLX) has established itself as an early leader in the metaverse space, with the potential to become one of the biggest players in entertainment and social media. Roblox is a platform housing a range of individual games and social opportunities, and it adds content regularly. Participants earn in-game currency that can be exchanged for real-world money based on user interactions with their creations. First launched in 2006, Roblox has increased engagement and monetization. The average number of active users on the platform daily rose 22% year over year in the first quarter, reaching 66 million, while revenue climbed 22% year over year, to $655 million. Roblox is likely years away from profitability, as it’s still spending a lot of money in order to grow. It does have a strong balance sheet, though, having ended the first quarter with roughly $2.1 billion in cash, cash equivalents and investments net of debt. It looks like a buy-and-hold stock for long-term, growth-focused investors to consider. (The Motley Fool owns shares of and has recommended Roblox.)
The metaverse is a virtual world that allows people to participate directly in online experiences. Roblox (NYSE: RBLX) has established itself as an early leader in the metaverse space, with the potential to become one of the biggest players in entertainment and social media. Roblox is a platform housing a range of individual games and social opportunities, and it adds content regularly. Participants earn in-game currency that can be exchanged for real-world money based on user interactions with their creations. First launched in 2006, Roblox has increased engagement and monetization. The average number of active users on the platform daily rose 22% year over year in the first quarter, reaching 66 million, while revenue climbed 22% year over year, to $655 million. Roblox is likely years away from profitability, as it’s still spending a lot of money in order to grow. It does have a strong balance sheet, though, having ended the first quarter with roughly $2.1 billion in cash, cash equivalents and investments net of debt. It looks like a buy-and-hold stock for long-term, growth-focused investors to consider. (The Motley Fool owns shares of and has recommended Roblox.)
Yue Minjun to Release Laughing Head NFTs
Chinese political pop artist Yue Minjun will bring his trademark laughing figures to the digital realm for the first time with the collection Kingdom of the Laughing Man. 'I've explored numerous media with my art over the years,' Yue said in a statement. 'This new digital frontier excites me the most as I can bring my art to life in a way that I haven't been able to with physical media.' . Alongside Fang Lijun and Liu Wei, both of whom have previously produced NFTs of their own.
The Kingdom of the Laughing Man collection will launch with 'Boundless', a series of 1,200 unique NFTs in the PFP (Profile Picture) format made popular by Cryptopunks and the Bored Ape Yacht Club.The first drop from Yue's collection will take place on 8 August on the LiveArt platform.
Chinese political pop artist Yue Minjun will bring his trademark laughing figures to the digital realm for the first time with the collection Kingdom of the Laughing Man. 'I've explored numerous media with my art over the years,' Yue said in a statement. 'This new digital frontier excites me the most as I can bring my art to life in a way that I haven't been able to with physical media.' . Alongside Fang Lijun and Liu Wei, both of whom have previously produced NFTs of their own.
The Kingdom of the Laughing Man collection will launch with 'Boundless', a series of 1,200 unique NFTs in the PFP (Profile Picture) format made popular by Cryptopunks and the Bored Ape Yacht Club.The first drop from Yue's collection will take place on 8 August on the LiveArt platform.
🖼 Gala Games Releases NFT Mystery Boxes to Commemorate Inventory Migrating to 'GalaChain'
Gala Games, a pioneering platform in web3 gaming, announced today that they will be relocating unsold and reserve NFT game items from the Ethereum network to their newly launched proprietary blockchain, GalaChain. This move will allow gamers to use their NFTs without Ethereum gas fees and allow Gala Games to implement more robust web3 functionality within titles on the platform. As part of this move, Gala Games will offer various tiers of all new NFT Mystery Boxes to players featuring game items no longer available in the Gala Games Store. Each box contains three random game items from various titles in the Gala Games Ecosystem. All items within will be tokens on GalaChain, which currently can be transferred within the chain or utilized with zero gas fees, allowing the creation of these NFT Mystery Boxes, which would otherwise require significant gas to mint, distribute and reveal on the Ethereum Network. Gala Games is a leader in web3 entertainment dedicated to creating AAA game experiences that realize the full power of player ownership. Gala Games is powered by one of the largest networks of player operated.
Gala Games, a pioneering platform in web3 gaming, announced today that they will be relocating unsold and reserve NFT game items from the Ethereum network to their newly launched proprietary blockchain, GalaChain. This move will allow gamers to use their NFTs without Ethereum gas fees and allow Gala Games to implement more robust web3 functionality within titles on the platform. As part of this move, Gala Games will offer various tiers of all new NFT Mystery Boxes to players featuring game items no longer available in the Gala Games Store. Each box contains three random game items from various titles in the Gala Games Ecosystem. All items within will be tokens on GalaChain, which currently can be transferred within the chain or utilized with zero gas fees, allowing the creation of these NFT Mystery Boxes, which would otherwise require significant gas to mint, distribute and reveal on the Ethereum Network. Gala Games is a leader in web3 entertainment dedicated to creating AAA game experiences that realize the full power of player ownership. Gala Games is powered by one of the largest networks of player operated.
⬜️ OKX Wallet Users Can Now Access Origin Protocol, an NFT and DeFi Platform
OKX, a leading Web3 technology company, has issued updates for August 8, 2023. OKX Wallet has now integrated with Origin Protocol, a Web3 protocol that aims to bring NFTs and DeFi to the masses. With this integration, OKX Wallet users can access Origin Protocol's solutions - such as its NFT launchpad and Ethereum liquid staking capabilities - via web extension. OKX Wallet Users Can Now Access Origin Protocol, an NFT and DeFi Platform OKX Wallet is a universal crypto wallet available on multiple platforms and interfaces, including app, web and web extension. It enables users access to 3,000+ cryptocurrencies, 60+ networks, thousands of DApps and a one-stop decentralized NFT Marketplace. On 7 August, 2023, OKX Wallet announced that its account abstraction-powered Smart Account, which enables users to pay for transactions with stablecoins USDC and USDT and interact with multiple contracts in a single transaction, is now open source across seven blockchains. A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike.
OKX, a leading Web3 technology company, has issued updates for August 8, 2023. OKX Wallet has now integrated with Origin Protocol, a Web3 protocol that aims to bring NFTs and DeFi to the masses. With this integration, OKX Wallet users can access Origin Protocol's solutions - such as its NFT launchpad and Ethereum liquid staking capabilities - via web extension. OKX Wallet Users Can Now Access Origin Protocol, an NFT and DeFi Platform OKX Wallet is a universal crypto wallet available on multiple platforms and interfaces, including app, web and web extension. It enables users access to 3,000+ cryptocurrencies, 60+ networks, thousands of DApps and a one-stop decentralized NFT Marketplace. On 7 August, 2023, OKX Wallet announced that its account abstraction-powered Smart Account, which enables users to pay for transactions with stablecoins USDC and USDT and interact with multiple contracts in a single transaction, is now open source across seven blockchains. A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike.
PayPal has launched a US dollar stablecoin, known as PayPal USD, in a bid to boost the adoption of digital currencies for payments and transfers.
PayPal USD is backed by US dollar deposits and short-term US Treasuries.
It will gradually become available to all PayPal customers in the United States.
PayPal USD is backed by US dollar deposits and short-term US Treasuries.
It will gradually become available to all PayPal customers in the United States.
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🖼 Cryptopunks and Blue Chips Power Top NFT Traders to Over $300 Million in Profits
In its latest NFT analysis, Coingecko details that the top traders in the NFT arena have earned between $3.3 million and $101.6 million individually, cumulatively exceeding $300 million. The report explains the strategic investment choices and collections that have fueled the success of the foremost NFT traders. Delving into the profits of the top 100 Ethereum NFT traders, Coingecko’s study discloses the most significant victors of the market thus far. This analysis focuses on traders’ realized profits, meaning the tangible earnings secured through NFT sales. To qualify for this elite list of 100, traders were required to exhibit consistent activity over the past half-year and possession of no fewer than two collections. The study illustrates that the leading NFT traders predominantly wagered on blue chip NFT collections at an early stage, an investment that has subsequently skyrocketed in value. Notably, Larva Labs’ Cryptopunks constitute an astonishing 70.6% of total profits for the top 15, followed by Art Blocks’ generative art at 12.2% and Bored Ape Yacht Club at 5.5%. Of the 15 top earners, 11 have extracted millions solely from Cryptopunks. For instance, trader 0x7eb2..3f6b clinched fifth place chiefly by selling one specific Cryptopunk to a renowned buyer. Conversely, some elite traders, such as Akira, directed their focus more towards Art Blocks.
In its latest NFT analysis, Coingecko details that the top traders in the NFT arena have earned between $3.3 million and $101.6 million individually, cumulatively exceeding $300 million. The report explains the strategic investment choices and collections that have fueled the success of the foremost NFT traders. Delving into the profits of the top 100 Ethereum NFT traders, Coingecko’s study discloses the most significant victors of the market thus far. This analysis focuses on traders’ realized profits, meaning the tangible earnings secured through NFT sales. To qualify for this elite list of 100, traders were required to exhibit consistent activity over the past half-year and possession of no fewer than two collections. The study illustrates that the leading NFT traders predominantly wagered on blue chip NFT collections at an early stage, an investment that has subsequently skyrocketed in value. Notably, Larva Labs’ Cryptopunks constitute an astonishing 70.6% of total profits for the top 15, followed by Art Blocks’ generative art at 12.2% and Bored Ape Yacht Club at 5.5%. Of the 15 top earners, 11 have extracted millions solely from Cryptopunks. For instance, trader 0x7eb2..3f6b clinched fifth place chiefly by selling one specific Cryptopunk to a renowned buyer. Conversely, some elite traders, such as Akira, directed their focus more towards Art Blocks.
FBI warns of scammers posing as NFT devs to steal your crypto
The FBI warned today of fraudsters posing as Non-Fungible Token (NFT) developers to prey upon NFT enthusiasts and steal their cryptocurrency and NFT assets. In these attacks, the criminals gain unauthorized access to NFT developer social media accounts or create nearly identical accounts to promote "exclusive" NFT releases. This allows them to lure targets with misleading claims of "limited supply," labeling the promotions as "surprises".
Unsuspecting victims click on the provided links only to be redirected to phishing websites that masquerade as legitimate extensions of specific NFT projects. FBI urges NFT enthusiasts to exercise caution when engaging in NFT-related activities:
The FBI warned today of fraudsters posing as Non-Fungible Token (NFT) developers to prey upon NFT enthusiasts and steal their cryptocurrency and NFT assets. In these attacks, the criminals gain unauthorized access to NFT developer social media accounts or create nearly identical accounts to promote "exclusive" NFT releases. This allows them to lure targets with misleading claims of "limited supply," labeling the promotions as "surprises".
Unsuspecting victims click on the provided links only to be redirected to phishing websites that masquerade as legitimate extensions of specific NFT projects. FBI urges NFT enthusiasts to exercise caution when engaging in NFT-related activities:
🖼 Illuminati Capital Eyes Web3 Games and NFT Infrastructure with New $50M Fund
Illuminati Capital has announced a new $50 million fund to be deployed in the web3 ecosystem. The venture capital firm said the funds were raised privately by the partners, who include web3 investors, a marketing expert, and an accomplished angel investor, among others. The VC’s founders previously invested in Justin Kan’s Fractal, web3 wallet infrastructure platform Web3Auth, and Cross the Ages NFT game, among others. The venture capital firm plans to invest in blockchain games, NFT infrastructure, DeFi and more. According to press material shared with NFTgators, the venture capital firm is comprised of partners of diverse backgrounds, who enable it to “provide targeted advice and actively engage with founders.” The partners individually invested a total of $30 million in different web3 projects, which grew to over $150 million, valuing the combined portfolio companies at $1 billion by the time they exited. “The possibilities of decentralized technology are endless,” commented Dhaval Parikh, Partner at Illuminati Capital and blockchain investor with over five years of experience in web3. “With a background in VC, I will focus on due diligence, risk assessment, portfolio management, and deal flow while analyzing industry trends and key ecosystem insights.”
Illuminati Capital has announced a new $50 million fund to be deployed in the web3 ecosystem. The venture capital firm said the funds were raised privately by the partners, who include web3 investors, a marketing expert, and an accomplished angel investor, among others. The VC’s founders previously invested in Justin Kan’s Fractal, web3 wallet infrastructure platform Web3Auth, and Cross the Ages NFT game, among others. The venture capital firm plans to invest in blockchain games, NFT infrastructure, DeFi and more. According to press material shared with NFTgators, the venture capital firm is comprised of partners of diverse backgrounds, who enable it to “provide targeted advice and actively engage with founders.” The partners individually invested a total of $30 million in different web3 projects, which grew to over $150 million, valuing the combined portfolio companies at $1 billion by the time they exited. “The possibilities of decentralized technology are endless,” commented Dhaval Parikh, Partner at Illuminati Capital and blockchain investor with over five years of experience in web3. “With a background in VC, I will focus on due diligence, risk assessment, portfolio management, and deal flow while analyzing industry trends and key ecosystem insights.”
