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.
🖼 Fidenza creator raises $17M in 30 minutes for new NFT project – The Defiant
The auction started at 50 ETH and ultimately sold out At 14 ETH. Collectors who bid higher were refunded the difference, meaning everyone who participated paid the same price. These passes will allow holders to create custom NFTs using the QQL algorithm, which has been available to the public for some time now. The QQL hoard has seen strong action on secondary markets, pushing it to number two on OpenSea’s leaderboard with a trading volume of over 3,300 ETH ($4.5M). The minimum collection price is 20 ETH, which is up almost 50% in just two days. Hobbs’ inaugural Fidenza Collection remains one of the most popular generic NFT projects. During the Art Blox boom of 2021, a rare NFT from the collection, nicknamed ‘The Tulip’, sold for 1000 ETH ($3.3 million at the time). CryptoPunks have long been considered the ‘original’ profile picture (PFP) NFT. Given away for free in 2017 by creators Larva Labs, Punks really came into their own in the NFT bull run of 2021 and inspired later projects like the popular Bored Ape Yacht Club (BAYC). One of only 24 ape punks in the collection, CryptoPunk #2924 changed hands for 3,300 ETH ($4.45 million) on September 28. Secondary sales volumes continued to decline, with only $114 million traded in the week ending September 26. Volume in dollar terms has now fallen for seven consecutive weeks.
The auction started at 50 ETH and ultimately sold out At 14 ETH. Collectors who bid higher were refunded the difference, meaning everyone who participated paid the same price. These passes will allow holders to create custom NFTs using the QQL algorithm, which has been available to the public for some time now. The QQL hoard has seen strong action on secondary markets, pushing it to number two on OpenSea’s leaderboard with a trading volume of over 3,300 ETH ($4.5M). The minimum collection price is 20 ETH, which is up almost 50% in just two days. Hobbs’ inaugural Fidenza Collection remains one of the most popular generic NFT projects. During the Art Blox boom of 2021, a rare NFT from the collection, nicknamed ‘The Tulip’, sold for 1000 ETH ($3.3 million at the time). CryptoPunks have long been considered the ‘original’ profile picture (PFP) NFT. Given away for free in 2017 by creators Larva Labs, Punks really came into their own in the NFT bull run of 2021 and inspired later projects like the popular Bored Ape Yacht Club (BAYC). One of only 24 ape punks in the collection, CryptoPunk #2924 changed hands for 3,300 ETH ($4.45 million) on September 28. Secondary sales volumes continued to decline, with only $114 million traded in the week ending September 26. Volume in dollar terms has now fallen for seven consecutive weeks.
Two weeks after being declared “dead” by some, the next-gen social media platform is seeing a spike in trading volume.
Friend.tech first came out kicking in early August, debuting on Coinbase’s layer-2 Base platform.
It allows traditional and crypto-based influencers to sell “keys” that are directly linked to their X (formerly Twitter) profile, which allows fans/supporters to message them privately.
By the end of the month, Coinbase’s payments risk manager Lisandro Rodrigues expressed his belief that Friend.tech was “dead” due to “greed and poor execution,” referencing the sharp decrease in the buyers and sellers.
Since as early as September 8, Friend.Tech has experienced an increase in its daily trading volume – $12.3 million, according to data from Dune Analytics.
This marks the platform’s third-highest trading volume to date, surpassing OpenSea by more than $3 million.
Friend.tech first came out kicking in early August, debuting on Coinbase’s layer-2 Base platform.
It allows traditional and crypto-based influencers to sell “keys” that are directly linked to their X (formerly Twitter) profile, which allows fans/supporters to message them privately.
By the end of the month, Coinbase’s payments risk manager Lisandro Rodrigues expressed his belief that Friend.tech was “dead” due to “greed and poor execution,” referencing the sharp decrease in the buyers and sellers.
Since as early as September 8, Friend.Tech has experienced an increase in its daily trading volume – $12.3 million, according to data from Dune Analytics.
This marks the platform’s third-highest trading volume to date, surpassing OpenSea by more than $3 million.
🖼 SokuNFT: First Affiliate NFT Marketplace Allowing Sellers to Set Referral Fees and Shifting Marketing Costs Post-Sale
The world of Non-Fungible Tokens (NFTs) is currently undergoing a significant transformation, reshaping conventional notions of digital ownership and value. NFTs have surged in popularity, influencing a broad spectrum of industries, including art, collectibles, music, and gaming. Amid this digital evolution, a notable innovation poised to further reshape the NFT landscape is the Affiliate NFT Marketplace. SokuNFT, a prominent entity in the NFT ecosystem, was founded with the vision to redefine digital asset ownership and commerce. While NFT marketplaces experienced exponential growth, there remained unexplored terrain – integrating affiliate marketing seamlessly into the NFT realm. The inception of SokuNFT marked a significant development. It was driven by the vision to empower users not just as NFT owners but as participants in the earning process. This vision led to the creation of the world's first Affiliate NFT Marketplace. • Accessible Income: Affiliates can generate substantial earnings through the Affiliate NFT Marketplace without requiring formal education, certification, or significant upfront investment.
The world of Non-Fungible Tokens (NFTs) is currently undergoing a significant transformation, reshaping conventional notions of digital ownership and value. NFTs have surged in popularity, influencing a broad spectrum of industries, including art, collectibles, music, and gaming. Amid this digital evolution, a notable innovation poised to further reshape the NFT landscape is the Affiliate NFT Marketplace. SokuNFT, a prominent entity in the NFT ecosystem, was founded with the vision to redefine digital asset ownership and commerce. While NFT marketplaces experienced exponential growth, there remained unexplored terrain – integrating affiliate marketing seamlessly into the NFT realm. The inception of SokuNFT marked a significant development. It was driven by the vision to empower users not just as NFT owners but as participants in the earning process. This vision led to the creation of the world's first Affiliate NFT Marketplace. • Accessible Income: Affiliates can generate substantial earnings through the Affiliate NFT Marketplace without requiring formal education, certification, or significant upfront investment.
Hundreds of NounsDAO holders are rallying to exit the DAO, leading to a potential treasury split.
According to NounsDAO’s “rage quit” rules, if 20% of Nouns NFTs unite in their demand for this "fork," they possess the authority to break away from the collective and claim their rightful stake in the project.
When the fork concludes, holders will be able to split from the main group and take their share of around 35 ETH each.
As of right now, there are currently over 40% (349 Nouns) of Nouns in favor of leaving the DAO.
According to NounsDAO’s “rage quit” rules, if 20% of Nouns NFTs unite in their demand for this "fork," they possess the authority to break away from the collective and claim their rightful stake in the project.
When the fork concludes, holders will be able to split from the main group and take their share of around 35 ETH each.
As of right now, there are currently over 40% (349 Nouns) of Nouns in favor of leaving the DAO.
📣 Mafia increasingly targeting the metaverse
Mafia organisations are increasingly targeting the metaverse as the new frontier for criminal activity, according to a report released by the Anti-Mafia Investigative Directorate (DIA) on Thursday. The report, which refers to the second half of 2022 and focuses on encrypted communication platforms and, in general, on the internet and the darkweb, highlighted the ability of criminal organisations "to rapidly grasp the technological and economic-financial transformations on a global scale". The report also illustrated mafia clans' decreasing recourse to conventional violence and growing interest in business and investment and the opportunities offered by national and European funds. The report, which refers to the second half of 2022 and focuses on encrypted communication platforms and, in general, on the internet and the darkweb, highlighted the ability of criminal organisations "to rapidly grasp the technological and economic-financial transformations on a global scale". Calabria's 'Ndrangheta mafia continued to dominate organised crime in Italy, while Sicily's Cosa Nostra is reportedly attracting younger generations. In total assets worth 181.4 million euros were confiscated from mafia organisations during the reporting period. (ANSA).
Mafia organisations are increasingly targeting the metaverse as the new frontier for criminal activity, according to a report released by the Anti-Mafia Investigative Directorate (DIA) on Thursday. The report, which refers to the second half of 2022 and focuses on encrypted communication platforms and, in general, on the internet and the darkweb, highlighted the ability of criminal organisations "to rapidly grasp the technological and economic-financial transformations on a global scale". The report also illustrated mafia clans' decreasing recourse to conventional violence and growing interest in business and investment and the opportunities offered by national and European funds. The report, which refers to the second half of 2022 and focuses on encrypted communication platforms and, in general, on the internet and the darkweb, highlighted the ability of criminal organisations "to rapidly grasp the technological and economic-financial transformations on a global scale". Calabria's 'Ndrangheta mafia continued to dominate organised crime in Italy, while Sicily's Cosa Nostra is reportedly attracting younger generations. In total assets worth 181.4 million euros were confiscated from mafia organisations during the reporting period. (ANSA).
👍1
Telegram, the widely used chat application for 800 million monthly active users, has unveiled TON Space, a self-custodial cryptocurrency wallet.
Self-custodial wallets are gaining immense popularity due to their robust security features.
Unlike centralized counterparts, where users entrust their private keys to third-party servers, self-custodial wallets place full control of funds in the hands of users.
While the global rollout of TON Space is scheduled for November, it will not be accessible in certain regions, including the United States.
Self-custodial wallets are gaining immense popularity due to their robust security features.
Unlike centralized counterparts, where users entrust their private keys to third-party servers, self-custodial wallets place full control of funds in the hands of users.
While the global rollout of TON Space is scheduled for November, it will not be accessible in certain regions, including the United States.
🖼 NFT Fantasy Soccer Games Coming to US and Canada Courtesy of LaLiga and GameOn
Fantasy sports platform GameOn has partnered with the Spanish football league LALIGA to develop Web3 games for players in the US and Canada. GameOn announced its deal with LALIGA North America on Wednesday. According to the press release, the tech company will launch fantasy games based on real-world LALIGA players and matches. GameOn CEO Matt Bailey opined that this announcement "signals a new era for GameOn.". Additionally, fans will have an opportunity to win exclusive prizes, including signed merchandise, VIP tickets, meet-and-greets, and even cash. LALIGA, meanwhile, will promote these games during in-stadium events, at watch parties, on social media, apps, the website, and email. GameOn will pursue further "meaningful relationships" with major leagues, the CEO said, adding that the team is "confident" it will see several new partnerships in the coming months. GameOn is a publicly listed technology company that builds non-fungible token (NFT)-based games, predictive gaming, and fantasy products.
Fantasy sports platform GameOn has partnered with the Spanish football league LALIGA to develop Web3 games for players in the US and Canada. GameOn announced its deal with LALIGA North America on Wednesday. According to the press release, the tech company will launch fantasy games based on real-world LALIGA players and matches. GameOn CEO Matt Bailey opined that this announcement "signals a new era for GameOn.". Additionally, fans will have an opportunity to win exclusive prizes, including signed merchandise, VIP tickets, meet-and-greets, and even cash. LALIGA, meanwhile, will promote these games during in-stadium events, at watch parties, on social media, apps, the website, and email. GameOn will pursue further "meaningful relationships" with major leagues, the CEO said, adding that the team is "confident" it will see several new partnerships in the coming months. GameOn is a publicly listed technology company that builds non-fungible token (NFT)-based games, predictive gaming, and fantasy products.
The SEC has cracked down on another NFT project, this time, Stoner Cats.
The project was charged with offering unregistered securities in the form of NFTs, raising about $8M to finance a Stoner Cats animated series.
In a report, the SEC highlighted the Stoner Cat team's marketing campaign, which mentioned multiple benefits of owning the NFT, leading investors to expect profits.
Without admitting to any wrongdoing, Stoner Cats 2 LLC has agreed to a series of measures:
- Paying a civil fine of $1 million.
- Establishing a Fair Fund to reimburse affected investors.
- Destroying all the NFTs they currently possess or control.
- Publicize the order on their website and social media platforms.
The project was charged with offering unregistered securities in the form of NFTs, raising about $8M to finance a Stoner Cats animated series.
In a report, the SEC highlighted the Stoner Cat team's marketing campaign, which mentioned multiple benefits of owning the NFT, leading investors to expect profits.
Without admitting to any wrongdoing, Stoner Cats 2 LLC has agreed to a series of measures:
- Paying a civil fine of $1 million.
- Establishing a Fair Fund to reimburse affected investors.
- Destroying all the NFTs they currently possess or control.
- Publicize the order on their website and social media platforms.
🖼 Nouns Fork: Disgruntled NFT Holders Exit With $27 Million From Treasury
The community of NFT holders in prominent Ethereum collection Nouns fractured into two late Friday when a proposed fork from the project was completed. Holders of more than half of all Nouns NFTs opted to leave—and collectively withdrew over $27 million worth of ETH from the project treasury in the process. The owners of 472 total Nouns NFTs—out of 846 in total, or almost 56% of the collection—joined the fork, and took almost 16,757 ETH ($27.3 million worth at present) with them from the current Nouns DAO treasury into a new DAO organization. A DAO, or decentralized autonomous organization, is an online group with tokenized membership and shared goals. Ultimately, the amount of Ethereum leaving the treasury divides down to approximately 35.5 ETH per NFT, or about $57,850. As a result of the fork, the owners’ original NFTs will be returned to the DAO treasury and each holder will be issued a replacement NFT with identical artwork for the new DAO. The new DAO will let holders “ragequit” and take their share of the treasury—that 35.5 ETH per NFT—and forfeit their profile picture (PFP) for good. The move signals a lack of confidence from many who bought into the current Nouns DAO format, which has seen millions of dollars worth of ETH spent since the project’s debut in 2021 to fund an array of Nouns-themed projects.
The community of NFT holders in prominent Ethereum collection Nouns fractured into two late Friday when a proposed fork from the project was completed. Holders of more than half of all Nouns NFTs opted to leave—and collectively withdrew over $27 million worth of ETH from the project treasury in the process. The owners of 472 total Nouns NFTs—out of 846 in total, or almost 56% of the collection—joined the fork, and took almost 16,757 ETH ($27.3 million worth at present) with them from the current Nouns DAO treasury into a new DAO organization. A DAO, or decentralized autonomous organization, is an online group with tokenized membership and shared goals. Ultimately, the amount of Ethereum leaving the treasury divides down to approximately 35.5 ETH per NFT, or about $57,850. As a result of the fork, the owners’ original NFTs will be returned to the DAO treasury and each holder will be issued a replacement NFT with identical artwork for the new DAO. The new DAO will let holders “ragequit” and take their share of the treasury—that 35.5 ETH per NFT—and forfeit their profile picture (PFP) for good. The move signals a lack of confidence from many who bought into the current Nouns DAO format, which has seen millions of dollars worth of ETH spent since the project’s debut in 2021 to fund an array of Nouns-themed projects.
Cool Cats has set the stage for a groundbreaking appearance in the 97th annual Macy’s Thanksgiving Day Parade .
In a historic move, Cool Cats is poised to become the first-ever NFT collection to grace the iconic holiday extravaganza. The parade is set to unfold in real-time on November 23 in New York City.
The project was given the opportunity to join the Macy’s Thanksgiving Day Parade through an online contest held by Macy’s that provided one of five NFT brands the chance to be included. The other finalists included VeeFriends, Boss Beauties, gmoney, and SupDucks.
Additionally, Cool Cats will also be unveiling a curated collection of limited-edition merchandise that will be available at 11 Macy’s flagship stores and online at macys.com. The merchandise collection includes a plush the Blue Cat character and a vinyl collectible.
In a historic move, Cool Cats is poised to become the first-ever NFT collection to grace the iconic holiday extravaganza. The parade is set to unfold in real-time on November 23 in New York City.
The project was given the opportunity to join the Macy’s Thanksgiving Day Parade through an online contest held by Macy’s that provided one of five NFT brands the chance to be included. The other finalists included VeeFriends, Boss Beauties, gmoney, and SupDucks.
Additionally, Cool Cats will also be unveiling a curated collection of limited-edition merchandise that will be available at 11 Macy’s flagship stores and online at macys.com. The merchandise collection includes a plush the Blue Cat character and a vinyl collectible.
💰 Solana's 1 NFT Marketplace Beats Whole NFT Industry on Ethereum
Solana's leading NFT marketplace is making waves, boasting nearly as many daily traders as all Ethereum-based NFT platforms combined. This is not just a fluke; it is a testament to the unique synergy between Solana's user-friendly, cost-effective blockchain and the ever-popular world of NFTs.Why is this a big deal? Solana's blockchain is not just fast; it is also incredibly accessible. Combine that with NFTs, which have a universal appeal, and you've got a recipe for mass adoption. While Ethereum's NFT marketplaces are still performing. Now, let's talk numbers. Solana's current total value locked (TVL) stands at approximately $306.8 million, according to DefiLlama. This robust DeFi landscape adds another layer of allure to Solana's NFT marketplace, making it a one-stop-shop for all things crypto.As for Solana's price performance, the latest data shows that one SOL is valued at around $18. While this might not be its all-time high, the coin has shown resilience and potential for growth, especially considering the anti-FUD measures Solana influencers are taking in order to battle the effect of the upcoming FTX liquidation. the sheer volume of activity on Solana's top NFT platform should make anyone sit up and take notice.
Solana's leading NFT marketplace is making waves, boasting nearly as many daily traders as all Ethereum-based NFT platforms combined. This is not just a fluke; it is a testament to the unique synergy between Solana's user-friendly, cost-effective blockchain and the ever-popular world of NFTs.Why is this a big deal? Solana's blockchain is not just fast; it is also incredibly accessible. Combine that with NFTs, which have a universal appeal, and you've got a recipe for mass adoption. While Ethereum's NFT marketplaces are still performing. Now, let's talk numbers. Solana's current total value locked (TVL) stands at approximately $306.8 million, according to DefiLlama. This robust DeFi landscape adds another layer of allure to Solana's NFT marketplace, making it a one-stop-shop for all things crypto.As for Solana's price performance, the latest data shows that one SOL is valued at around $18. While this might not be its all-time high, the coin has shown resilience and potential for growth, especially considering the anti-FUD measures Solana influencers are taking in order to battle the effect of the upcoming FTX liquidation. the sheer volume of activity on Solana's top NFT platform should make anyone sit up and take notice.
Nakamigos unveiled their latest collection, 'Nakamigos-CLOAKS,' which has been met with some skepticism from the community.
The original announcement on September 13 listed the mint price at 0.05 ETH for all investors. Shortly after receiving backlash from the community, they updated it to a free mint for Nakamigos holders.
The original announcement on September 13 listed the mint price at 0.05 ETH for all investors. Shortly after receiving backlash from the community, they updated it to a free mint for Nakamigos holders.
🖼 Krafton enters NFT-integrated metaverse gaming landscape
Krafton, which is a colossus in the field of iGaming in South Korea, is entering the NFT-incorporated iGaming sector with its own game, Overdare. Initially, the game was named Project Migaloo, and plans are afoot to introduce the game towards the end of the year. The entirety of the delivery will occur between January and July of 2024. Most notably, Krafton has unveiled Settlus, a blockchain technology built particularly for Overdare. The platform is often compared to Roblox and will get boosted by Epic Games’ Unreal Engine 5. Krafton is known for its achievement, PUBG. Overdare is established to provide developers with generative AI tools. This will help form various game groups, from sharpshooting to delicate role-playing content. Over and above that, Overdare will render service to the social space, allowing users the option of putting together avatars and carrying out replicated interactions. An initial preview exposes a spread-out virtual universe. In this, players will have the chance to utilize AI tools for creating complex games. Krafton initiated the project in partnership with Naver Z, a company specializing in augmented reality technology. As of the present equity stake, Krafton holds a majority of 85 percent of Overdare’s shares. Naver Z holds the remaining 15% market share. The create-to-earn economic model of Overdare will motivate players to convert virtual in-game assets into non-fungible tokens (NFTs).
Krafton, which is a colossus in the field of iGaming in South Korea, is entering the NFT-incorporated iGaming sector with its own game, Overdare. Initially, the game was named Project Migaloo, and plans are afoot to introduce the game towards the end of the year. The entirety of the delivery will occur between January and July of 2024. Most notably, Krafton has unveiled Settlus, a blockchain technology built particularly for Overdare. The platform is often compared to Roblox and will get boosted by Epic Games’ Unreal Engine 5. Krafton is known for its achievement, PUBG. Overdare is established to provide developers with generative AI tools. This will help form various game groups, from sharpshooting to delicate role-playing content. Over and above that, Overdare will render service to the social space, allowing users the option of putting together avatars and carrying out replicated interactions. An initial preview exposes a spread-out virtual universe. In this, players will have the chance to utilize AI tools for creating complex games. Krafton initiated the project in partnership with Naver Z, a company specializing in augmented reality technology. As of the present equity stake, Krafton holds a majority of 85 percent of Overdare’s shares. Naver Z holds the remaining 15% market share. The create-to-earn economic model of Overdare will motivate players to convert virtual in-game assets into non-fungible tokens (NFTs).
Solana's 1 NFT Marketplace Beats Whole NFT Industry on Ethereum
Solana's leading NFT marketplace is making waves, boasting nearly as many daily traders as all Ethereum-based NFT platforms combined. This is not just a fluke; it is a testament to the unique synergy between Solana's user-friendly, cost-effective blockchain and the ever-popular world of NFTs.Why is this a big deal? Solana's blockchain is not just fast; it is also incredibly accessible. Combine that with NFTs, which have a universal appeal, and you've got a recipe for mass adoption. While Ethereum's NFT marketplaces are still performing.
Solana's current total value locked (TVL) stands at approximately $306.8 million, according to DefiLlama. This robust DeFi landscape adds another layer of allure to Solana's NFT marketplace, making it a one-stop-shop for all things crypto.As for Solana's price performance, the latest data shows that one SOL is valued at around $18.
Solana's leading NFT marketplace is making waves, boasting nearly as many daily traders as all Ethereum-based NFT platforms combined. This is not just a fluke; it is a testament to the unique synergy between Solana's user-friendly, cost-effective blockchain and the ever-popular world of NFTs.Why is this a big deal? Solana's blockchain is not just fast; it is also incredibly accessible. Combine that with NFTs, which have a universal appeal, and you've got a recipe for mass adoption. While Ethereum's NFT marketplaces are still performing.
Solana's current total value locked (TVL) stands at approximately $306.8 million, according to DefiLlama. This robust DeFi landscape adds another layer of allure to Solana's NFT marketplace, making it a one-stop-shop for all things crypto.As for Solana's price performance, the latest data shows that one SOL is valued at around $18.
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