🖼 Enjin completes Ethereum to Polkadot NFT migration
Longstanding blockchain gaming platform Enjin has completed its migration from Ethereum to its new Polkadot-based Enjin Blockchain, which is specifically designed for NFTs. Launched in 2017, over 200 million NFTs have been minted on Enjin’s Ethereum-based platform and users can now migrate all these assets using Enjin’s migration tools. In addition, Enjin is providing free transactions on its new blockchain for the next three months. More generally, Enjin’s decision to move to Polkadot enables its ecosystem to take advantage of features including a throughput up to 5,000 transactions per second, enforced on-chain royalties and transaction fees priced around $0.005. In addition, game developers will be able to deploy their own game chains while interoperating with the main Enjin chain. “Enjin’s migration from its legacy solutions exemplifies the community’s dedication to progress in its pursuit of mass-market success,” said Rene Stefancic, chief operating officer of Atlas, which is the company developing out the technology.
Longstanding blockchain gaming platform Enjin has completed its migration from Ethereum to its new Polkadot-based Enjin Blockchain, which is specifically designed for NFTs. Launched in 2017, over 200 million NFTs have been minted on Enjin’s Ethereum-based platform and users can now migrate all these assets using Enjin’s migration tools. In addition, Enjin is providing free transactions on its new blockchain for the next three months. More generally, Enjin’s decision to move to Polkadot enables its ecosystem to take advantage of features including a throughput up to 5,000 transactions per second, enforced on-chain royalties and transaction fees priced around $0.005. In addition, game developers will be able to deploy their own game chains while interoperating with the main Enjin chain. “Enjin’s migration from its legacy solutions exemplifies the community’s dedication to progress in its pursuit of mass-market success,” said Rene Stefancic, chief operating officer of Atlas, which is the company developing out the technology.
Crypto Could See a Massive Rugpull if Bitcoin ETFs are Denied
A famous analyst, Analyst Nate has issued a warning to the crypto community, warning that the crypto world could see the biggest price drop in history if the BTC ETF is not approved, regardless, he believes the chances of approval are very high.
A famous analyst, Analyst Nate has issued a warning to the crypto community, warning that the crypto world could see the biggest price drop in history if the BTC ETF is not approved, regardless, he believes the chances of approval are very high.
🖼 Asian messaging giant LINE raises $140 million to expand NFT venture
LINE NEXT, the South Korea-based NFT arm of messaging giant LINE, raised $140 million in investment to “popularize the Web3 ecosystem.” In a statement released today, LINE claimed the investment was “the largest funding round in the Asian blockchain Web3 industry for this year.” It was led by Crescendo Equity Partners, a Peter Thiel-backed private equity firm. With the new capital, LINE plans to officially launch its global NFT platform DOSI in January 2024. "During the beta service, DOSI's top markets of active users are from Korea, Japan, Thailand, Taiwan, Indonesia, Vietnam and India," a LINE NEXT spokesperson told The Block. "We aim to popularize the platform globally through official launch." LINE NEXT also plans to help brands to “give ownership” of existing digital products and allow them to be traded. The social media giant intends to introduce web3 games featuring its existing characters known as BROWN & FRIENDS. “We hope to build a standard for Web3 apps that general users can easily use and adopt blockchain to all sorts of services and brands of Web2,” Kevin Lee, the managing partner of Crescendo, said in the statement.
LINE NEXT, the South Korea-based NFT arm of messaging giant LINE, raised $140 million in investment to “popularize the Web3 ecosystem.” In a statement released today, LINE claimed the investment was “the largest funding round in the Asian blockchain Web3 industry for this year.” It was led by Crescendo Equity Partners, a Peter Thiel-backed private equity firm. With the new capital, LINE plans to officially launch its global NFT platform DOSI in January 2024. "During the beta service, DOSI's top markets of active users are from Korea, Japan, Thailand, Taiwan, Indonesia, Vietnam and India," a LINE NEXT spokesperson told The Block. "We aim to popularize the platform globally through official launch." LINE NEXT also plans to help brands to “give ownership” of existing digital products and allow them to be traded. The social media giant intends to introduce web3 games featuring its existing characters known as BROWN & FRIENDS. “We hope to build a standard for Web3 apps that general users can easily use and adopt blockchain to all sorts of services and brands of Web2,” Kevin Lee, the managing partner of Crescendo, said in the statement.
JUST IN :UK to Cooperate With Crypto Industry on Legislation for Digital Securities
The government said its plans for a digital securities sandbox (#DSS) were largely welcomed by respondents.
The government said its plans for a digital securities sandbox (#DSS) were largely welcomed by respondents.
🖼 Red Bull Formula 1 team drops NFTs after dominant season
Formula 1 racing team Oracle Red Bull is commemorating a strong showing in 2023 with a collection of digital collectibles. With two drivers atop the 2023 Formula 1 standings, Red Bull's racing team is dropping a collection of digital collectibles to commemorate its dominant year. Drivers Max Verstappen and Sergio Pérez ranked number one and two this year respectively, which also made Red Bull the clear leader among all other teams. The team is issuing NFTs to help fans remember the successful year. "The launch follows the most successful year in history for Oracle Red Bull Racing who set records for most championship points in a single season," Red Bull said in a statement. "The collectibles will feature unique art designed by Automobilist, an award-winning design studio with individuals passionate about creating designs and art around all things motorsport. The NFTs will be available via Bybit.com." Sports lovers have for several decades collected memorabilia and collectibles that they either treasure or perhaps later sell. In recent years, the push to bring the pastime into the digital age has attracted a lot of big name sports leagues and players within web3, including NBA Top Shot from Dapper Labs and Candy Digital's Major League Baseball NFTs.
Formula 1 racing team Oracle Red Bull is commemorating a strong showing in 2023 with a collection of digital collectibles. With two drivers atop the 2023 Formula 1 standings, Red Bull's racing team is dropping a collection of digital collectibles to commemorate its dominant year. Drivers Max Verstappen and Sergio Pérez ranked number one and two this year respectively, which also made Red Bull the clear leader among all other teams. The team is issuing NFTs to help fans remember the successful year. "The launch follows the most successful year in history for Oracle Red Bull Racing who set records for most championship points in a single season," Red Bull said in a statement. "The collectibles will feature unique art designed by Automobilist, an award-winning design studio with individuals passionate about creating designs and art around all things motorsport. The NFTs will be available via Bybit.com." Sports lovers have for several decades collected memorabilia and collectibles that they either treasure or perhaps later sell. In recent years, the push to bring the pastime into the digital age has attracted a lot of big name sports leagues and players within web3, including NBA Top Shot from Dapper Labs and Candy Digital's Major League Baseball NFTs.
🖼 The Sandbox introduces new NFT royalties redistribution system
The crypto market is abuzz with excitement, with The Sandbox (SAND), Polygon (MATIC), and Everoldge (ELDG) at the center of it all. The Sandbox recently introduced a revised NFT royalties redistribution system, which will allow creators to earn passive income for years. In other exciting news, Polygon launched the new Polygon Portal, serving as an improved gateway to Polygon chains. Meanwhile, Everlodge, a new ICO, is in the spotlight for its potential disruption of the trillion-dollar property market. The Sandbox (SAND) is a virtual gaming world where users can build, own, and monetize their gaming experiences. It is among the top altcoins on the market thanks to its incredible contribution to the crypto space. The community is currently buzzing with excitement following a big announcement. The Sandbox news that has been making the rounds concerns NFT creators. In a tweet released by the team on December 13, it announced the introduction of a new NFT royalties redistribution system. With this new update, NFT creators will automatically receive 2.5% of royalties from assets sold on The Sandbox marketplace. Previously, the platform received all 5% of royalties from secondary asset sales.
The crypto market is abuzz with excitement, with The Sandbox (SAND), Polygon (MATIC), and Everoldge (ELDG) at the center of it all. The Sandbox recently introduced a revised NFT royalties redistribution system, which will allow creators to earn passive income for years. In other exciting news, Polygon launched the new Polygon Portal, serving as an improved gateway to Polygon chains. Meanwhile, Everlodge, a new ICO, is in the spotlight for its potential disruption of the trillion-dollar property market. The Sandbox (SAND) is a virtual gaming world where users can build, own, and monetize their gaming experiences. It is among the top altcoins on the market thanks to its incredible contribution to the crypto space. The community is currently buzzing with excitement following a big announcement. The Sandbox news that has been making the rounds concerns NFT creators. In a tweet released by the team on December 13, it announced the introduction of a new NFT royalties redistribution system. With this new update, NFT creators will automatically receive 2.5% of royalties from assets sold on The Sandbox marketplace. Previously, the platform received all 5% of royalties from secondary asset sales.
Shares of Tencent, China's biggest company, just dropped by 16%.
This is its largest drop since the 2008 financial crises.
This is its largest drop since the 2008 financial crises.
🇨🇳 China’s Largest Telecom Operator Launches NFT Market LinkNFT
The primary objective is to provide Hong Kong citizens with easy access to the next generation of Web3.0 Internet, fostering a unique experience and contributing to the establishment of a new digital economy and society. This initiative aims to propel Hong Kong into the forefront of the Web3.0 era, emphasizing the convergence of virtual and physical realms. LinkNFT offers enterprises digital asset NFT casting services, facilitating the generation, transaction. LinkNFT offers enterprises digital asset NFT casting services, facilitating the generation, transaction, and circulation of digital assets across various scenarios such as SocialFi, DeFi, and GameFi. Currently integrated with CMChain, LinkNFT is Web3.0 compatible through CMChain’s three-in-one cross-chain standard components: the CMChain Web3.0 Center cross-chain service agreement, cross-chain adapter, and cross-chain smart contract association chain. China Mobile Hong Kong (CMHK) has collaborated across diverse sectors to pioneer the release of over 30 NFTs on LinkNFT. This collection also comprises 20 commemorative NFTs from the MyLink ArLink series, along with 15 NFTs from entities such as United Publishing House and Migu Music.
The primary objective is to provide Hong Kong citizens with easy access to the next generation of Web3.0 Internet, fostering a unique experience and contributing to the establishment of a new digital economy and society. This initiative aims to propel Hong Kong into the forefront of the Web3.0 era, emphasizing the convergence of virtual and physical realms. LinkNFT offers enterprises digital asset NFT casting services, facilitating the generation, transaction. LinkNFT offers enterprises digital asset NFT casting services, facilitating the generation, transaction, and circulation of digital assets across various scenarios such as SocialFi, DeFi, and GameFi. Currently integrated with CMChain, LinkNFT is Web3.0 compatible through CMChain’s three-in-one cross-chain standard components: the CMChain Web3.0 Center cross-chain service agreement, cross-chain adapter, and cross-chain smart contract association chain. China Mobile Hong Kong (CMHK) has collaborated across diverse sectors to pioneer the release of over 30 NFTs on LinkNFT. This collection also comprises 20 commemorative NFTs from the MyLink ArLink series, along with 15 NFTs from entities such as United Publishing House and Migu Music.
🖼 NFT Trader Suffers $3 Million Loss In Multiple Attacks – Details
NFT Trader, a peer-to-peer non-fungible token trading platform, has suffered a set of multiple exploits leading to multi-million dollar losses in users’ assets. The incident occurred on December 16, with the bad actors carting away $3 million worth of tokens, including 13 Mutant Ape Yacht Club, 37 Bored Ape, some VeeFriends, and World of Women NFTs. NFT Trader has since confirmed the attack via an X post advising users to revoke access to some of its old smart contracts. NFT Trader hackers shared a message in which he attributed the origin of the exploits to another attacker. In this message, the hacker claims to be a scavenger who came “for the leftover trash.” The exploiter claims to have just realized the high value of NFTs. They also admitted to having limited technical skills and are open to returning the stolen NFTs to users in return for a 10% bounty paid in Ether (ETH), which represents 3 ETH per Bored Ape and 0.6 ETH per Mutant Ape Yacht. However, in another puzzling development, a victim of the NFT Trader exploit claims the same hacker has now returned some of the loot, including 31 ETH and a rare NFT, albeit holding on to the Apecoin rewards.
NFT Trader, a peer-to-peer non-fungible token trading platform, has suffered a set of multiple exploits leading to multi-million dollar losses in users’ assets. The incident occurred on December 16, with the bad actors carting away $3 million worth of tokens, including 13 Mutant Ape Yacht Club, 37 Bored Ape, some VeeFriends, and World of Women NFTs. NFT Trader has since confirmed the attack via an X post advising users to revoke access to some of its old smart contracts. NFT Trader hackers shared a message in which he attributed the origin of the exploits to another attacker. In this message, the hacker claims to be a scavenger who came “for the leftover trash.” The exploiter claims to have just realized the high value of NFTs. They also admitted to having limited technical skills and are open to returning the stolen NFTs to users in return for a 10% bounty paid in Ether (ETH), which represents 3 ETH per Bored Ape and 0.6 ETH per Mutant Ape Yacht. However, in another puzzling development, a victim of the NFT Trader exploit claims the same hacker has now returned some of the loot, including 31 ETH and a rare NFT, albeit holding on to the Apecoin rewards.
