🔵 OpenSea’s Monthly USD Volume Hits Rock Bottom at $106M in Ethereum Trades
OpenSea faced a significant dip in its trading volume and active user count in August 2023. This drop in trading volume coincided with a decline in the number of active users, which stood at 125,000 for the month. This represents a significant decrease and is also a monthly low within the past year. The reasons behind this decline in trading activity and user engagement on the Ethereum network are multifaceted, including factors such as increased gas fees and market sentiment. Moreover, OpenSea’s expansion to other blockchain networks, including Polygon, did not fare much better in August. The transaction volume on the Polygon network was reported to be a mere $7.02 million, demonstrating a sharp decrease compared to previous months. Similarly, the number of active users on Polygon also saw a significant decline, with only 96,000 users participating on the platform during the same period. Both these metrics represented lows within the past nine months, indicating a challenging period for OpenSea’s expansion efforts. Despite these challenges, the NFT space remains a dynamic and evolving sector within the broader blockchain ecosystem, and the future of OpenSea will depend on its ability to innovate and meet the evolving demands of its users.
OpenSea faced a significant dip in its trading volume and active user count in August 2023. This drop in trading volume coincided with a decline in the number of active users, which stood at 125,000 for the month. This represents a significant decrease and is also a monthly low within the past year. The reasons behind this decline in trading activity and user engagement on the Ethereum network are multifaceted, including factors such as increased gas fees and market sentiment. Moreover, OpenSea’s expansion to other blockchain networks, including Polygon, did not fare much better in August. The transaction volume on the Polygon network was reported to be a mere $7.02 million, demonstrating a sharp decrease compared to previous months. Similarly, the number of active users on Polygon also saw a significant decline, with only 96,000 users participating on the platform during the same period. Both these metrics represented lows within the past nine months, indicating a challenging period for OpenSea’s expansion efforts. Despite these challenges, the NFT space remains a dynamic and evolving sector within the broader blockchain ecosystem, and the future of OpenSea will depend on its ability to innovate and meet the evolving demands of its users.
🔫 Yuga’s Otherside Gears Up for ‘Legends of the Mara’ Open Beta Launch
Yuga Labs announced that it will be debuting the open beta for its upcoming Otherside metaverse game, Legends of the Mara, sometime in September. Yuga first demoed Legends of the Mara to a small group of Otherdeed holders in July. First announced in March 2022, Otherside continues to represent the largest expansion of the Bored Ape Yacht Club (BAYC) universe, serving as an MMORPG (Massively Multiplayer Online Role-Playing Game) that is directly linked to the BAYC ecosystem. Legends of the Mara, a 2D web-based game, is rooted in the Otherside metaverse world, where members leverage their Otherdeed NFTs alongside a new NFT that will allow them to farm sediments, hatch their vessels, and fight something called “The Shattered” – with the goal of placing as high as possible. X user Hunter Solaire provided a comprehensive breakdown of how the game is structured and what it looks like. For Otherdeed NFT holders, their virtual land collectibles offer them two different tiers – environment tiers and sediment tiers. Environment tiers determine the number of “workers” you can have, while sediment tiers determine the number of “resources” you produce. However, “workers” also have tiers of their own – Koda, Mara (hunters, farmers, enchanters), and Kodamara (evolved Mara).
Yuga Labs announced that it will be debuting the open beta for its upcoming Otherside metaverse game, Legends of the Mara, sometime in September. Yuga first demoed Legends of the Mara to a small group of Otherdeed holders in July. First announced in March 2022, Otherside continues to represent the largest expansion of the Bored Ape Yacht Club (BAYC) universe, serving as an MMORPG (Massively Multiplayer Online Role-Playing Game) that is directly linked to the BAYC ecosystem. Legends of the Mara, a 2D web-based game, is rooted in the Otherside metaverse world, where members leverage their Otherdeed NFTs alongside a new NFT that will allow them to farm sediments, hatch their vessels, and fight something called “The Shattered” – with the goal of placing as high as possible. X user Hunter Solaire provided a comprehensive breakdown of how the game is structured and what it looks like. For Otherdeed NFT holders, their virtual land collectibles offer them two different tiers – environment tiers and sediment tiers. Environment tiers determine the number of “workers” you can have, while sediment tiers determine the number of “resources” you produce. However, “workers” also have tiers of their own – Koda, Mara (hunters, farmers, enchanters), and Kodamara (evolved Mara).
Adidas /// Studio is launching a new digital art program: RESIDENCY by adidas.’
The program aims to provide artists with the tools and platform they need to flourish in the web3 environment.
“Whether that’s a physical product, whether that’s virtual creation, whether that’s our marketing and our reputation, and our platform. All of those things are the things that we want to offer to artists and that’s what we aim to do with the program.” - King Stace, Global Head of Comms & Activation at adidas.
The program aims to provide artists with the tools and platform they need to flourish in the web3 environment.
“Whether that’s a physical product, whether that’s virtual creation, whether that’s our marketing and our reputation, and our platform. All of those things are the things that we want to offer to artists and that’s what we aim to do with the program.” - King Stace, Global Head of Comms & Activation at adidas.
🔫 Metaverse could reach up to $900 billion by 2030: Report
Despite reports that "metaverse-hype" is dying down, the metaverse could reach up to $900 billion dollars by 2030—though it may remain in the seed stage for at least another five to 10 years, a research report said on Thursday. According to the report released by Bain & Company, the metaverse poses real and growing economic opportunities for businesses. ompanies that engage in the metaverse’s early stages of development, known as the “seed stage," over the next five to 10 years, are more likely to become the market winners. "As the metaverse quickly evolves, we’ve already seen these types of technologies take hold within different industries,” said Chris Johnson, a partner in Bain’s Technology practice. "A good example of this is immersive gaming platforms, which are already boasting hundreds of millions of monthly active users. And while it’s not immediately clear how the metaverse landscape will shift, our research shows there are five competitive battlegrounds that executives should be considering if they wish to get ahead and eventually scale. This is an ongoing journey toward more immersive and collaborative experiences, enabled by rapid improvements in the underlying technology," Johnson said.
Despite reports that "metaverse-hype" is dying down, the metaverse could reach up to $900 billion dollars by 2030—though it may remain in the seed stage for at least another five to 10 years, a research report said on Thursday. According to the report released by Bain & Company, the metaverse poses real and growing economic opportunities for businesses. ompanies that engage in the metaverse’s early stages of development, known as the “seed stage," over the next five to 10 years, are more likely to become the market winners. "As the metaverse quickly evolves, we’ve already seen these types of technologies take hold within different industries,” said Chris Johnson, a partner in Bain’s Technology practice. "A good example of this is immersive gaming platforms, which are already boasting hundreds of millions of monthly active users. And while it’s not immediately clear how the metaverse landscape will shift, our research shows there are five competitive battlegrounds that executives should be considering if they wish to get ahead and eventually scale. This is an ongoing journey toward more immersive and collaborative experiences, enabled by rapid improvements in the underlying technology," Johnson said.
Ethereum NFT trading volume hit two-year low in August
The monthly trading volume of Ethereum-based NFTs hit its lowest level in two years last month as activity on marketplaces OpenSea, Blur, LooksRare and X2Y2 dried up. Trading volume fell to $407 million in August, according to The Block’s data dashboard — a 32% decline from July’s $599 million and marking the lowest trading volume since June 2021. X2Y2 led the decline, falling 40% month-over-month — with Blur, OpenSea and LooksRare trading volumes dropping 38%, 18% and 8%, respectively.
The monthly trading volume of Ethereum-based NFTs hit its lowest level in two years last month as activity on marketplaces OpenSea, Blur, LooksRare and X2Y2 dried up. Trading volume fell to $407 million in August, according to The Block’s data dashboard — a 32% decline from July’s $599 million and marking the lowest trading volume since June 2021. X2Y2 led the decline, falling 40% month-over-month — with Blur, OpenSea and LooksRare trading volumes dropping 38%, 18% and 8%, respectively.
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🔫 Leveraging the Medical Metaverse to Increase Patient Outcomes
In late August, the World Economic Forum (WEF) released its 11th annual Top 10 Emerging Technologies report, highlighting innovative technology solutions that positively impact society. In its report, the WEF named the “Medical Metaverse” among its top emerging technologies of 2023 – alongside flexible batteries, genAI, sustainable aviation fuel, designer phages, wearable plant sensors, spatial optics, flexible neural electronics, sustainable computing, and AI-facilitated healthcare. The Metaverse for healthcare sits alongside a respectable list of technologies unrelated to XR, which can generate positive change across a spectrum of people worldwide. The news comes as many place doubt on the future of the Metaverse following a dip in general interest. However, the WEF report highlights a vertical market that may experience improved professional and patient outcomes thanks to emerging Metaverse applications. Moreover, Microsoft is resparking its stake in an Industrial Metaverse, with plans to debut products in 2024. So, it appears the Metaverse may get its second wave of enterprise-based interest as the new year arrives.
In late August, the World Economic Forum (WEF) released its 11th annual Top 10 Emerging Technologies report, highlighting innovative technology solutions that positively impact society. In its report, the WEF named the “Medical Metaverse” among its top emerging technologies of 2023 – alongside flexible batteries, genAI, sustainable aviation fuel, designer phages, wearable plant sensors, spatial optics, flexible neural electronics, sustainable computing, and AI-facilitated healthcare. The Metaverse for healthcare sits alongside a respectable list of technologies unrelated to XR, which can generate positive change across a spectrum of people worldwide. The news comes as many place doubt on the future of the Metaverse following a dip in general interest. However, the WEF report highlights a vertical market that may experience improved professional and patient outcomes thanks to emerging Metaverse applications. Moreover, Microsoft is resparking its stake in an Industrial Metaverse, with plans to debut products in 2024. So, it appears the Metaverse may get its second wave of enterprise-based interest as the new year arrives.
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🚀🥇 Anthony Pompliano on CNBC: "A Bitcoin ETF will be approved in the US. It will lead to billions and billions of dollars of inflows."
🔫 Metaverse shopping gains traction in the UK, say reports
A recent study has unveiled the growing popularity of the metaverse among UK consumers, shedding light on their perceptions of emerging digital concepts, such as non-fungible tokens (NFTs) and the metaverse itself. The study was conducted among over 10,500 individuals aged 18 and above across 19 global markets. A staggering 82 per cent of UK respondents are now aware of the metaverse, with a third of them demonstrating a deep understanding of its meaning. Gaming and learning also hold significant appeal, with 33 per cent and 32 per cent interest, respectively. Roblox emerges as the go-to platform for exploring the metaverse among UK respondents, with 54 per cent of those who have ventured into this digital realm having used it. This popularity highlights the importance of staying attuned to consumer sentiment, especially given Roblox’s recently announced Partner Programme aimed at harnessing the potential of virtual spaces. In the Words of Chris Dean, Associate Director of Technology Research at Toluna “Web 3.0 is heralded as the next phase of the internet’s evolution, with the potential to transform the ways users interact with the digital world.
A recent study has unveiled the growing popularity of the metaverse among UK consumers, shedding light on their perceptions of emerging digital concepts, such as non-fungible tokens (NFTs) and the metaverse itself. The study was conducted among over 10,500 individuals aged 18 and above across 19 global markets. A staggering 82 per cent of UK respondents are now aware of the metaverse, with a third of them demonstrating a deep understanding of its meaning. Gaming and learning also hold significant appeal, with 33 per cent and 32 per cent interest, respectively. Roblox emerges as the go-to platform for exploring the metaverse among UK respondents, with 54 per cent of those who have ventured into this digital realm having used it. This popularity highlights the importance of staying attuned to consumer sentiment, especially given Roblox’s recently announced Partner Programme aimed at harnessing the potential of virtual spaces. In the Words of Chris Dean, Associate Director of Technology Research at Toluna “Web 3.0 is heralded as the next phase of the internet’s evolution, with the potential to transform the ways users interact with the digital world.
Visa has announced the extension of its stablecoin settlement capabilities to the Solana blockchain.
Visa is working directly with Worldpay and Nuvei to improve settlement processes for merchants globally, making fund transfers between banks more efficient and optimizing the process.
By leveraging Visa’s own Circle account, it will now be able to manage these settlement payouts in USDC to Worldpay and Nuvei who can then instantaneously route these payments in USDC to their end merchants.
Solana’s blockchain averages 400 transactions per second while surging to more than 2,000 TPS across a variety of use cases during its peak demand periods.
Visa is working directly with Worldpay and Nuvei to improve settlement processes for merchants globally, making fund transfers between banks more efficient and optimizing the process.
By leveraging Visa’s own Circle account, it will now be able to manage these settlement payouts in USDC to Worldpay and Nuvei who can then instantaneously route these payments in USDC to their end merchants.
Solana’s blockchain averages 400 transactions per second while surging to more than 2,000 TPS across a variety of use cases during its peak demand periods.
🖼 Google will allow ads for NFT games starting September 15
Google has updated its cryptocurrency advertising policy to allow for blockchain-based NFT gaming advertisements as long as they don’t promote gambling or gambling services. Advertisements for games allowing players to wager or stake NFTs against other players or for rewards including cryptocurrencies and other NFTS would continue to be banned under the new policy. NFT casino games and any other social betting paradigm that allows players to wager or play for real-world prizes such as NFTs. To run ads that promote gambling-related content that integrate NFTs, developers and publishers will need to “comply with the Gambling and games policy and receive the proper Google Ads certification.” Scott Spencer, the Director of Sustainable Ads at Google at the time, stated that the company had “seen enough consumer harm or potential for consumer harm” that it would continue to approach cryptocurrency related ads with “extreme caution.” In June of 2021 Google softened the ban to allow some companies creating “cryptocurrency exchanges and wallets targeting the United States” to advertise on the platform provided the companies were registered with FinCEN as a Money Services Business or a federal or state-chartered bank entity.
Google has updated its cryptocurrency advertising policy to allow for blockchain-based NFT gaming advertisements as long as they don’t promote gambling or gambling services. Advertisements for games allowing players to wager or stake NFTs against other players or for rewards including cryptocurrencies and other NFTS would continue to be banned under the new policy. NFT casino games and any other social betting paradigm that allows players to wager or play for real-world prizes such as NFTs. To run ads that promote gambling-related content that integrate NFTs, developers and publishers will need to “comply with the Gambling and games policy and receive the proper Google Ads certification.” Scott Spencer, the Director of Sustainable Ads at Google at the time, stated that the company had “seen enough consumer harm or potential for consumer harm” that it would continue to approach cryptocurrency related ads with “extreme caution.” In June of 2021 Google softened the ban to allow some companies creating “cryptocurrency exchanges and wallets targeting the United States” to advertise on the platform provided the companies were registered with FinCEN as a Money Services Business or a federal or state-chartered bank entity.
MetaMask has launched a new feature called 'Sell'.
The new addition allows users in the United States, Europe, and the United Kingdom to quickly convert their crypto holdings into fiat currencies.
MetaMask users are presented with real-time options, similar to how it works with Venmo or Cash App, to convert their Ethereum holdings into their preferred fiat currencies. All they have to do is go to MetaMask and access the platform’s Portfolio section.
This new feature comes just five months after MetaMask launched a feature that allows users to purchase crypto using fiat from their bank accounts, PayPal, and debit/credit cards.
The new addition allows users in the United States, Europe, and the United Kingdom to quickly convert their crypto holdings into fiat currencies.
MetaMask users are presented with real-time options, similar to how it works with Venmo or Cash App, to convert their Ethereum holdings into their preferred fiat currencies. All they have to do is go to MetaMask and access the platform’s Portfolio section.
This new feature comes just five months after MetaMask launched a feature that allows users to purchase crypto using fiat from their bank accounts, PayPal, and debit/credit cards.
🖼 ONCHAINMONKEY SPENDS OVER $1 MILLION TO MIGRATE NFTS TO BITCOIN
In a move that underscores the momentum of Bitcoin Ordinals protocol ecosystem, the OnChainMonkey (OCM) project has committed to migrating its entire digital art collection from Ethereum to Bitcoin. OnChainMonkey, created by Metagood, became the first profile picture collection created entirely on-chain in a single Ethereum transaction back in 2021. Further, it launched its first Ordinals collection in February shortly after the Ordinals launch. Notably, the decision was supported by a broad portion of OnChainMonkey NFT owners, with users voting to subsidize a portion of the substantial migration cost. The DAO proposal gained overwhelming support, with a quorum of 2,000 votes reached within 24 hours. Overall, 99% of voters backed the migration to Bitcoin, a sign that signals NFT users believe Ordinals on Bitcoin may have a greater value than Ethereum-backed NFTs. "Our OCM community has conviction in our move to Bitcoin. We have been involved with Ordinals since the beginning of the year, and the OCM community, in particular, has a great understanding of the potential and benefits of the migration to Bitcoin," Metagood CEO Danny Yang said.
In a move that underscores the momentum of Bitcoin Ordinals protocol ecosystem, the OnChainMonkey (OCM) project has committed to migrating its entire digital art collection from Ethereum to Bitcoin. OnChainMonkey, created by Metagood, became the first profile picture collection created entirely on-chain in a single Ethereum transaction back in 2021. Further, it launched its first Ordinals collection in February shortly after the Ordinals launch. Notably, the decision was supported by a broad portion of OnChainMonkey NFT owners, with users voting to subsidize a portion of the substantial migration cost. The DAO proposal gained overwhelming support, with a quorum of 2,000 votes reached within 24 hours. Overall, 99% of voters backed the migration to Bitcoin, a sign that signals NFT users believe Ordinals on Bitcoin may have a greater value than Ethereum-backed NFTs. "Our OCM community has conviction in our move to Bitcoin. We have been involved with Ordinals since the beginning of the year, and the OCM community, in particular, has a great understanding of the potential and benefits of the migration to Bitcoin," Metagood CEO Danny Yang said.
The Gateway: Korea just received an unlikely addition to the artist lineup: Keith Haring.
Christie’s announced an exclusive auction, “Keith Haring: Pixel Pioneer,” featuring five rare digital drawings from the renowned artist Keith Haring, each crafted on an Amiga computer during the 1980s.
The posthumous online auction will open from Sept. 12-20, with a world-premiere exhibition at The Gateway: Korea in Seoul from Sept. 6-8, followed by an exhibition at Christie’s New York from Sept. 14–19.
According to the Christie’s auction site, estimates for each piece run between $200,000 to $500,000.
This auction is poised to be a landmark event, further solidifying Keith Haring’s enduring legacy in the global art narrative.
Christie’s announced an exclusive auction, “Keith Haring: Pixel Pioneer,” featuring five rare digital drawings from the renowned artist Keith Haring, each crafted on an Amiga computer during the 1980s.
The posthumous online auction will open from Sept. 12-20, with a world-premiere exhibition at The Gateway: Korea in Seoul from Sept. 6-8, followed by an exhibition at Christie’s New York from Sept. 14–19.
According to the Christie’s auction site, estimates for each piece run between $200,000 to $500,000.
This auction is poised to be a landmark event, further solidifying Keith Haring’s enduring legacy in the global art narrative.
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💰 Shaquille O'Neal Sued Over Solana NFT Project
Basketball legend Shaquille O'Neal faces a federal class action lawsuit for allegedly violating securities laws with his Astrals NFT Project. Former professional basketball superstar Shaquille Rashaun O’Neal, popularly known as Shaq, has been charged for violating securities laws, regarding the Solana-Based Non-Fungible Token (NFT) project, Astrals. The famous superstar teamed up with his son and music manager to launch Astrals in 2022 and urged investors to purchase the collection after promoting it through his social media accounts. The lawsuit is led by the lead plaintiff, Daniel Harper, who is backed by a well-renowned lawyer, Adam Moskowitz. Adam is the founding and managing partner at the Moskowitz Law Firm who are also involved in numerous crypto-related cases, including those of FTX and Voyager. Adam, alongside other lawyers representing the Moskowitz Law firm, will see the lawsuit as a big breakthrough after several failed attempts against O’Neal for months. Meanwhile, after being named a defendant in the lawsuit against FTX founder, Sam Bankman-Fried, the accused is not a stranger to legal actions. O’Neal joins other top celebrities like Akon, Jake Paul, and Soulja Boy, who have faced charges of promoting cryptocurrencies.
Basketball legend Shaquille O'Neal faces a federal class action lawsuit for allegedly violating securities laws with his Astrals NFT Project. Former professional basketball superstar Shaquille Rashaun O’Neal, popularly known as Shaq, has been charged for violating securities laws, regarding the Solana-Based Non-Fungible Token (NFT) project, Astrals. The famous superstar teamed up with his son and music manager to launch Astrals in 2022 and urged investors to purchase the collection after promoting it through his social media accounts. The lawsuit is led by the lead plaintiff, Daniel Harper, who is backed by a well-renowned lawyer, Adam Moskowitz. Adam is the founding and managing partner at the Moskowitz Law Firm who are also involved in numerous crypto-related cases, including those of FTX and Voyager. Adam, alongside other lawyers representing the Moskowitz Law firm, will see the lawsuit as a big breakthrough after several failed attempts against O’Neal for months. Meanwhile, after being named a defendant in the lawsuit against FTX founder, Sam Bankman-Fried, the accused is not a stranger to legal actions. O’Neal joins other top celebrities like Akon, Jake Paul, and Soulja Boy, who have faced charges of promoting cryptocurrencies.
Apple has reportedly paid $5 million to acquire the rights to Michael Lewis' forthcoming book about ex-FTX CEO Sam Bankman-Fried.
The book, titled "Going Infinite: The Rise and Fall of a New Tycoon", is slated for an October 3 release, coinciding with the commencement of SBF's trial in New York.
A documentary under the direction of Nanette Burstein is said to be underway as well.
The book, titled "Going Infinite: The Rise and Fall of a New Tycoon", is slated for an October 3 release, coinciding with the commencement of SBF's trial in New York.
A documentary under the direction of Nanette Burstein is said to be underway as well.
💰 Binance NFT Marketplace Ends Support for Polygon in Effort to ‘Streamline'
Crypto exchange Binance today said it would end support for Polygon on its NFT marketplace. In a Friday blog post, the world's biggest crypto exchange said the decision was part of "ongoing efforts to streamline product offerings on Binance NFT Marketplace." The news arrives just after Binance CEO Changepeng Zhao refuted "rumors" on Twitter that executives had left the company or it was winding down any projects. Friday's announcement added that users will not be able to buy or list Polygon NFTs on the marketplace after 6am UTC, September 26. Users also will not be able to users will not be able to stake LAND NFTs hosted on Polygon to earn daily The Sandbox (SAND) rewards. "This decision was made after careful consideration and evaluation, and it is part of our ongoing efforts to streamline product offerings on Binance NFT Marketplace," the exchange said, adding that users should withdraw their NFTs by the end of the year. Polygon is the blockchain behind the 14th largest cryptocurrency by market cap, MATIC. At the time of writing, MATIC had taken a 2.4% plunge from the day before and was trading hands at $0.54 according to CoinGecko.
Crypto exchange Binance today said it would end support for Polygon on its NFT marketplace. In a Friday blog post, the world's biggest crypto exchange said the decision was part of "ongoing efforts to streamline product offerings on Binance NFT Marketplace." The news arrives just after Binance CEO Changepeng Zhao refuted "rumors" on Twitter that executives had left the company or it was winding down any projects. Friday's announcement added that users will not be able to buy or list Polygon NFTs on the marketplace after 6am UTC, September 26. Users also will not be able to users will not be able to stake LAND NFTs hosted on Polygon to earn daily The Sandbox (SAND) rewards. "This decision was made after careful consideration and evaluation, and it is part of our ongoing efforts to streamline product offerings on Binance NFT Marketplace," the exchange said, adding that users should withdraw their NFTs by the end of the year. Polygon is the blockchain behind the 14th largest cryptocurrency by market cap, MATIC. At the time of writing, MATIC had taken a 2.4% plunge from the day before and was trading hands at $0.54 according to CoinGecko.
Faruk Fatih Özer, CEO of Turkey crypto exchange Thodex, has received a prison sentence of 11,196 years for stealing $2B in customer funds.
The charges include running and being part of a criminal organization, committing fraud, and money laundering.
The severe sentence not only to Özer but also his two siblings. Each faces 11,196 years, 10 months, and 15 days in confinement, accompanied by a hefty fine of $5 million.
Operations on the crypto exchange were suddenly halted in 2021, and Özer reportedly fled the country with $2 billion worth of users' crypto holdings.
The charges include running and being part of a criminal organization, committing fraud, and money laundering.
The severe sentence not only to Özer but also his two siblings. Each faces 11,196 years, 10 months, and 15 days in confinement, accompanied by a hefty fine of $5 million.
Operations on the crypto exchange were suddenly halted in 2021, and Özer reportedly fled the country with $2 billion worth of users' crypto holdings.
🖼 Croatia launches platform for investment in pig NFTs
Croatian companies Agroporc, Beyondi, and Block Be have unveiled GoAgro, a platform offering investors an avenue to engage in swine farming by acquiring Pig NFTs. The companies introduced the GoAgro platform during a recent press event. This website allows citizens to participate in the so-called future of food production in Croatia. The flagship project on GoAgro is named “My Digital Pig.”. The recent development is one of recent dabbles into NFTs by prominent entities. On GoAgro, investors can create and own digital pigs. These virtual livestock enable crypto proponents and aspiring farmers to enter the agricultural scene without the necessity of wearing traditional farm attire and engaging in physical farming activities. Every NFT requires a minimum investment of 250 euros and ensures a return of 100 kilograms of pork. The transition from a digital pig to a physical one spans 900 days, with the pig “maturing” at an annual growth rate of 3%. Crucially, investors can exchange or keep their Pig NFTs as long-term investments. They can also engage in trading these digital assets.
Croatian companies Agroporc, Beyondi, and Block Be have unveiled GoAgro, a platform offering investors an avenue to engage in swine farming by acquiring Pig NFTs. The companies introduced the GoAgro platform during a recent press event. This website allows citizens to participate in the so-called future of food production in Croatia. The flagship project on GoAgro is named “My Digital Pig.”. The recent development is one of recent dabbles into NFTs by prominent entities. On GoAgro, investors can create and own digital pigs. These virtual livestock enable crypto proponents and aspiring farmers to enter the agricultural scene without the necessity of wearing traditional farm attire and engaging in physical farming activities. Every NFT requires a minimum investment of 250 euros and ensures a return of 100 kilograms of pork. The transition from a digital pig to a physical one spans 900 days, with the pig “maturing” at an annual growth rate of 3%. Crucially, investors can exchange or keep their Pig NFTs as long-term investments. They can also engage in trading these digital assets.
Last night, Vitalik Buterin, Ethereum’s co-founder, allegedly had his X (formerly Twitter) account compromised.
The hackers shared a malicious link to an alleged free NFT mint. The victims who clicked on the link and connected a wallet would ultimately have their funds drained.
The incident has so far led to victims collectively losing over $700,000.
The hackers shared a malicious link to an alleged free NFT mint. The victims who clicked on the link and connected a wallet would ultimately have their funds drained.
The incident has so far led to victims collectively losing over $700,000.