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Solana May Get NFT Royalties Enforceable Through New Metaplex Standard

Creator royalties have dropped substantially in the Solana NFT sector recently, as top marketplace Magic Eden made paying them optional last week after rivals that shied away from royalties snatched away market share. Now Metaplex, the maker of Solana’s NFT standard, says it is developing a new standard that could enforce royalty payments across the board. While artists and creators can set royalty rates through project smart contracts.

The firm said that the existing Metaplex standard is used by more than 99% of all Solana NFTs created so far. Metaplex said it can create enforceable royalties by expanding its token metadata program, which is how NFT makers add the data and information that makes an NFT—or blockchain token representing ownership in an item—unique from one another.
​🖼 NFT Lender Gondi Goes Live, Raises $5.3M Round Led by Hack.vc

Non-fungible token (NFT) lending protocol Gondi went live on Tuesday after raising a $5.35 million seed round led by Hack.vc, the firm told CoinDesk. Gondi allows lenders and borrowers to capitalize on the value of blue-chip NFT collections on the Ethereum blockchain. Lenders can put up their NFTs on the platform for a fixed rate, while borrowers can use the NFTs as collateral or for use on NFT-based financial applications. Gondi says that borrowers on its platform only pay interest based on the outstanding loan duration.  Borrowers can use their NFT assets as collateral to request a loan from the open market. The seed round for Gondi developer Florida Street was co-led by Alex Pack at Hack.vc and Rodolfo Gonzalez at Foundation Capital, with participation from Dragonfly Capital, Pantera Capital, and 6th Man Ventures, among others. “We are thrilled to have co-led Florida Street's seed round, and we are excited about the solutions they are bringing to Web3 users. Gondi's instant refinancing will enhance the NFT lending market, allowing borrowers to access more affordable credit and fostering a growing market,” said Alex Pack, Managing Partner at Hack.vc, in a message to CoinDesk.
LG Uplus to enter fashion metaverse

South Korea‘s LG Uplus Corp., has launched a fashion metaverse business, starting this month, with the clothing store Meta Slap, a digital service for office workers, to develop metaverse commerce in fashion. Recently, LG Uplus said that it has inked a memorandum of understanding (MOU) with domestic fashion firms Z-Emotion, which develops 3D simulation-based costume design software, and Ation Fashion, which owns the casual brand Polham.
​🖼 Digital Toy Company Cryptoys Integrating Kid-Friendly AI Chatbot Into NFTs

OnChain
Studios, the Web3 collective behind non-fungible token (NFT) company Cryptoys is planning to integrate a kid-friendly artificial intelligence (AI) chatbot into its character-based digital collectibles. The AI software, called ChatGuardian, features a chat filter that parents can customize to ensure that their kids have safe, appropriate conversations with their NFT characters. Parents will be able to log into Cryptoys’ Guardian Control Center and prohibit specific keywords and topics at their discretion. Cryptoys hopes that incorporating ChatGuardian will make kids’ experiences with their NFTs engaging and entertaining as they talk with their digital toys. However, the company recognizes the uncertainties and worries that the introduction of AI presents - but don’t fear, there’s no chance of a M3GAN-like doll-gone-wrong here. Will Weinraub, CEO and co-founder of OnChain Studio and Cryptoys told CoinDesk that kids born in the age of blockchain and AI should be able to interact with their favorite characters from intellectual property (IP) franchises, as opposed to “faceless robotic companions,” such as Google Home. Alfonso Martinez, Chief Experience Officer at Cryptoys said in a press release that the company’s priority.
The Department of Justice has charged a Moroccan man with "theft of cryptocurrency and NFTs through spoofing" after stealing around $450,000 worth of NFTs and crypto.

In September 2021, The defendant, Soufiane Oulahyane, allegedly created a counterfeit version of OpenSea to unlawfully gain control of the digital assets, according to a DOJ statement. This technique, known as "spoofing," tricked the unsuspecting victim into thinking they were interfacing with the real OpenSea marketplace.

Oulahyane supposedly duped a Manhattan-based NFT holder into registering on the phony OpenSea platform. The unsuspecting victim then unknowingly handed over the seed phrase for his digital wallet, allowing the scammer to transfer his crypto and NFTs, including a Bored Ape valued at $92,000 at the time.

Oulahyane is being charged with several counts of wire fraud, unauthorized use of access devices, and aggravated identity theft.
​🖼 Blockchain gaming platform creates refundable NFT program

Blockchain
gaming startup Spielworks has partnered with the Web3 platform Mycelium Network to launch a program that allows full refunds for nonfungible token (NFT) purchases. In an announcement sent to Cointelegraph, the team explained that within the program, users who acquire NFTs called "reverties" are eligible to get a full USD Coin.  The project also allows users to stake this new series of NFTs in Spielworks’ game Dungeon Master and purchase them using USDC via a separate minting mechanism. Through the partnership, Spielworks will leverage the Mycelium Network to support USDC purchases. Within the minting transaction, the USDC will be transferred to a decentralized finance (DeFi) lending pool at the Aave protocol. The team said that the interest earned in the lending pool will be used to buy back Spielworks’ token in an attempt to help its community. A portion of the earnings will also be allocated to help the Wombat Protection Society of Australia. According to Adrian Krion, the co-founder and CEO of Spielworks, the NFTs will also have utility within their Dungeon Worlds game. They will be providing mining power and material drops to their players.
Digital Toy Company Cryptoys Integrating Kid-Friendly AI Chatbot Into NFTs

OnChain Studios, the Web3 collective behind non-fungible token (NFT) company Cryptoys is planning to integrate a kid-friendly artificial intelligence (AI) chatbot into its character-based digital collectibles. The AI software, called ChatGuardian, features a chat filter that parents can customize to ensure that their kids have safe, appropriate conversations with their NFT characters. Parents will be able to log into Cryptoys’ Guardian Control Center and prohibit specific keywords and topics at their discretion.
​🖼 The Flash Web3 Movie Experience Gives DC Fans Multimedia NFT

Warner
Bros. Home Entertainment and Eluvio have created The Flash Web3 Movie Experience. The latest DC superhero movie is being released as a multimedia living movie experience from Warner Bros. Home Entertainment and Eluvio. “Through dynamic menu options based on locations from the film, owners can watch the film in 4K UHD on desktop, mobile, tablet or TV, access special features, collect key art, discover digital easter eggs, uncover hidden AR collectibles, as well as sell the experience. It will be offered in Mystery and Premium editions. The Mystery edition is $35, offering a Mystery bag with 16 possible combinations, and a quantity of 10,000. It includes one of four key arts (Prime Barry, Young Barry, Batman, or Supergirl) with various levels of rarity revealed after purchase, one of four explorable dynamic menu interfaces (Prime Barry’s apartment, Barry’s Childhood room, the Batcave, or the Batwing cockpit) revealed after purchase, The Flash theatrical film, and special features and digital collectibles based on the dynamic menu location. The Premium edition is $100, offering a Mystery bag with 2 possible combinations and a quantity of 2,000. It includes one of two motion key arts.
Are NFTs back ?
​🖼 Google Plays Nice With NFTs, Starbucks Puts Ex-MLB Star’s NFT Project on Deck

Google
is allowing NFTs in games in its play store, while Starbucks recruits Micah Johnson’s Aku character for its next at-bat with NFTs. This week, Google made a big shift in their policy towards NFTs, allowing apps in the Google Play store to include the ability to buy, sell or earn tokenized assets. Meanwhile, Starbucks Odyssey, the brand’s Web3 loyalty program, announced their next Stamp would be "designed by Aku," the NFT character launched by former LA Dodgers player-turned-artist Micah Johnson. In other news, Snoop Doog and a16z-backed decentralized music venture Sound announced a $20 million funding round and we got another “phygital” sneaker drop. Google made a big announcement this week, doing a 180 on in-game tokenized assets such as NFTs and allowing Play Store apps to include the ability to buy, sell and earn digital assets. Developers who incorporate blockchain-based elements are required make it clear on their Play Store page and make sure they don’t run afoul of Google’s gambling and contests policies. In June, tweets from Beats by Dre and AkuDreams teased a collab with Aku-themed headphones but no details have been revealed about when those Beats are dropping.
Hollywood actors have joined the Writers Guild of America in striking against the major studios. This inter-union solidarity recalls the last great Hollywood strike of 1960, when actors and writers together brought studio production to a standstill for nearly six months.

One of the main reasons for the strike revolves around generative AI. Just recently, the studios have submitted a proposal that include scanning background actors using AI and paying them for one day’s work. The studios would then be able to use their likeness forever with no payment or consent.
​🖼 Trump Reveals NFT Income, Crypto Holdings in New Disclosure

The
45th President of the United States, Donald Trump, has provided more information about his financial state, detailing income earned from speaking fees, the sale of his Washington, D.C. hotel and digital collectibles, Bloomberg reported. In a revised disclosure, filed with the Office of Government Ethics, he reveals the exact sums for more than $1 billion in income received from these and other sources that he had previously declared only in broad terms to the Federal Election Commission. In the earlier disclosure submitted in April, Trump, now running for a second, non-consecutive term in the 2024 election, was allowed to indicate broad ranges for some types of income like dividends, capital gains, interest, rent, and royalties. Other types of income, such as salaries and speaking fees, he is expected to disclose in exact amounts, the report noted. The presidential hopeful gave more details on the company that receives licensing fees for using Trump’s image on a collection of NFTs, CIC Digital LLC, in the latest disclosure. The latter owns a U.S. bank account with less than $1,000 but also an Ethereum wallet holding between $250,000 and $500,000 worth of crypto.
Hot Punk summer....
​🪙 Magnificent Century enters The Sandbox Metaverse

Magnificent
Century has announced that it is soon joining the digital space of The Sandbox, also referred to as Sandbox, in this article. The plan looks airtight, and if the team proceeds to join the Metaverse, then it will be the second television series to do so. The first is The Walking Dead. Magnificent Century is a Turkish television series that has been viewed by over 500 million people across the world. It has been termed one of the major milestones in the industry. Magnificent Century will go live for game players, allowing them to create their experiences through NFTs and live interactive events. The global launch of the theme was hosted by Sandbox in Paris. Sebastien Borget, the Chief Operating Officer of Sandbox, expressed their excitement over the collaboration, saying that they were looking forward to having a globally renowned Turkish series on the Metaverse. Sebastien, also the Co-Founder of the platform, believes that having the series on their platform will strengthen their presence in the international market. Making a debut on Metaverse alternatively opens the doors to planning a massive presence on Web3 – the decentralized internet. While it is not exactly out in the open, Web3 is aiming to gain traction in all the important regions via a play-to-earn gaming model. The model basically enables players to leverage their digital holdings for a game.
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Launched in January 2023 as a follow-up to Checks, Opepen, which ultimately was released over a series of drops, became a staple in the rise of open editions.

After only a few days of back and forth, Butcher, the creator of the NFTs at the center of the conversation, blew the whole thing apart by creating a custom Opepen image for ThreadGuy.

As the custom Opepen craze was reaching a head, Butcher sent it over the edge on July 16 by launching an open edition collection called the Opepen Threadition, which featured a tokenized version of the custom PFP he made for ThreadGuy.

Priced at 0.001 ETH each, the mint had a generous aspect to it as well; all proceeds from the sale of Opepen Threaditions were to be allocated back to ThreadGuy.

At the time of writing, the open edition has amassed upwards of 34,000 mints, generating more than 34 ETH (around $65,000).
​🖼 Patrick Mahomes To Launch Museum Of Mahomes NFT Brand With New Collection

Kansas
City Chiefs quarterback Patrick Mahomes, already a two-time Super Bowl champion and MVP, is once again making waves in the world of non-fungible tokens (NFTs) with the upcoming launch of his Museum of Mahomes NFT brand. The "Museum of Mahomes II" collection is expected to include 15,000 NFTs, featuring artwork inspired by Mahomes' impressive NFL career to date. The brand has not yet disclosed which network it will use to mint the NFTs or the price range for the collectables. During his first NFT drop, Mahomes utilized the "Museum of Mahomes" branding and conducted the sale on MakersPlace, a prominent Ethereum NFT marketplace and platform. The Museum of Mahomes NFT brand is spearheaded by digital agency D-O-M, which also played a role in the earlier drop. A portion of the proceeds from the Museum of Mahomes NFT sales will be directed towards Mahomes' charitable foundation, 15 and the Mahomies Foundation. The foundation focuses on empowering children in underserved communities through various initiatives. While venturing into his own NFT endeavours, Mahomes has also been associated with Dapper Labs' NFL All Day.
Lens Protocol Profiles NFT Drops Over 60% By Concerns Of Users

Lens Protocol, a composable and decentralized social graph built on the Polygon PoS network, is empowering users to create and control their own social media content. Lens Protocol is currently testing an invitation system within its ecosystem. Early joiners have been granted the right to invite new users, and if the test results are positive, the invitation system will be expanded to allow more community members to invite friends to join. This approach aims to foster community growth and engagement within the Lens social ecology.

In the past seven days, the floor price of Lens Protocol Profiles NFT has experienced a significant drop of over 60%, possibly due to the recent launch of the test invitation system. Some users may have sold their NFTs out of concern or anticipation of changes within the ecosystem.
​🖼 AI opens doors for NFT artist Ellie Pritts at Bitforms gallery in NYC

Artificial
intelligence and analog technology collaborate across the imaginative animations of noted Los Angeles-based NFT artist Ellie Pritts. This month, Los Angeles-based nonfungible token (NFT) artist Ellie Pritts is celebrating “In the Screen I am Everything,” her first solo show in New York City — and her first time taking over pioneering net art gallery Bitforms.  Eight animations from the technicolor exhibition are available to mint as NFTs on Ethereum, displayed on screens alongside a few physical prints. Pritts broke onto the NFT scene in 2021 when she tried minting a few existing video artworks — and watched them take off. Her video practice had been mostly therapeutic, but suddenly the blockchain boom made her work valuable enough to fund the acquisition of new tools, which Pritts used to make more sophisticated video artwork. She’d shot concert photography before the COVID-19 pandemic and performed as a professional cellist — until 2021 also forced her to confront medical issues she’d been avoiding, like her newfound inability to hold her bow. Pritts made a New Year’s resolution to begin painting portraits in early 2021 but couldn’t use a pencil to draw preliminary sketches.
xAI Launches Revolutionary AI Solution for NFT Digital Asset Creation

xAI, a company leveraging artificial intelligence to generate unique NFT digital assets, announced today the launch of its new AI solution for creating NFTs. The company's proprietary technology uses machine learning algorithms to produce one-of-a-kind digital artworks that can be minted and sold as NFTs on the blockchain. NFTs have exploded in popularity over the past couple of years. However, the process of manually creating unique digital artworks can be arduous and time-consuming.

The tech allows collectors to customize their purchases around specific themes, aesthetics, and preferences.The launch of xAI's NFT solution is part of the company's broader vision to make AI more accessible. xAI offers a range of tools and features for users to easily integrate AI into their businesses and workflows.
​💰 Polygon Celebrates 2.0 Launch With Open Edition NFTs

The
crypto space is abuzz with news of the Polygon and Suku partnership for the introduction of an exclusive Open Edition NFT in celebration of the highly anticipated Polygon 2.0 upgrade. The news has captured the attention of many users and over 20,000 Twitter users have already minted their Polygon NFT, igniting a digital frenzy. The collaboration between Polygon and Suku promises to redefine the NFT landscape, offering enthusiasts an unparalleled opportunity to become a part of this revolutionary movement. The tweet encourages followers to mint their very own Polygon Open Edition NFT with Suku. Polygon 2.0 is touted as the epitome of unlimited scalability and unified liquidity, setting the stage for a new era of digital asset ownership. For those eager to participate, the Suku Wallet serves as the gateway to minting their coveted Polygon 2.0 Open Edition NFT.  The Polygon 2.0 Open Edition NFT drop holds immense significance as it is minted exclusively within Twitter. This move not only showcases the platform’s power but also serves as a heartfelt tribute to the unwavering support of the Polygon community. The market is experiencing renewed craze with the introduction of these dynamic NFTs.