STR8FIRE Genesis NFTs Make Their Debut, Sell Out in Seconds

STR8FIRE, an IP and entertainment startup backed by Shima Capital, reached a significant milestone with its debut NFT collection, Genesis NFTs, selling out within seconds on OpenSea and Blur.

Amid challenging market conditions, STR8FIRE’s successful launch of their Genesis NFT collection stood out, demonstrating the project’s strong appeal.

In the first 24 hours of trading, STR8FIRE’s total trading volume hit 8.17 ETH, setting the stage for a forthcoming token launch on centralized exchanges.

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Pudgy Penguins and Mythical Games Reveals New Mobile Game

Mythical Games, the creator behind NFL Rivals and Blankos Block Party is developing a new mobile game featuring the popular Ethereum NFT brand Pudgy Penguins.

The game is slated for release in 2025 and will run on the Mythos Chain, a Polkadot-based gaming network, spearheaded by the studio.

The Pudgy Penguins mobile game will utilize the same game engine as Mythical Games’ Blankos Block Party, adapted for mobile platforms.

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Square Enix Adopts Arbitrum for Symbiogenesis Chapter 2

Square Enix has recently announced the adoption of Ethereum Layer-2 network Arbitrum for its Symbiogenesis NFT character mint scheduled this morning.

The decision comes after the initial minting phase on the Ethereum mainnet. According to an X post from Symbiogenesis, Arbitrum will reduce transaction costs significantly compared to Ethereum’s mainnet for about 1/1000 of the previous cost.

The game previously used Polygon, an Ethereum sidechain, for other in-game NFT assets and it is unclear if Polygon will continue to be used alongside Arbitrum for future assets.

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Animoca Brands Japan Unveils NFT Launchpad ‘SORAH’

Animoca Brands Japan has announced the name of its new NFT launchpad, SORAH by Animoca Brands Japan, and is set to launch in the summer of 2024.

SORAH, named after the Japanese word for sky, aims to support NFT projects by providing opportunities for creators to sell their NFTs while offering various sales methods and loyalty programs.

Further information about these programs will be released at a later date.

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Dapper Labs Settles $4M Class Action Lawsuit Over Top Shot NFTs

Dapper Labs, the company behind NBA Top shot has agreed to a $4 million settlement in a class action lawsuit that alleged its NFTs were unregistered securities.

The lawsuit, which started in 2021, was brought by customers who argued that the NFTs should have been registered under securities laws.

The settlement, disclosed in court documents on Monday, includes payments to the plaintiffs and coverage of their legal fees. As part of the agreement, the plaintiffs will drop any future claims that NBA Top Shot NFTs are securities.

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Sotheby’s to Put Golden Bored Apes Up for Auction

Sotheby’s, the renowned auction house, is set to test the staying power of Bored Ape Yacht Club NFTs, with a curated auction on June 18, 2024. 

The centerpiece of the upcoming “bidding war” is a highly coveted Bored Ape Yacht Club with a distinctive feature – solid-gold fur.

This “2021 relic,” as described by Sotheby’s head of NFTs, boasts a unique history. It was previously owned by Three Arrows Capital (3AC) — a now-bankrupt crypto hedge fund with a significant art collection. 

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Bybit Web3 To Launch Season 2 of Velocity Series NFT Collection

Bybit Web3, the web3 division of top three global crypto exchange ByBit, has announced the upcoming Season 2 launch of their Velocity Series NFT collection.
Building on the success of last year’s collaboration with Oracle Red Bull Racing, Season 2 features a two-part NFT collection created by renowned data artist Kjetil Golid.

Emily Bao, Bybit Web3 Evangelist, states: “We’re excited to partner with Kjetil Golid, whose unique blend of art and data perfectly captures the essence of Formula 1 racing. Velocity Series Season 2 promises a thrilling experience for collectors and racing enthusiasts alike.”

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Grimace NFT holders get special perks in McDonalds Metaverse

McDonald’s Singapore has ventured into the metaverse with its new digital environment, “My Happy Place.” This initiative, developed in collaboration with Bandwagon Labs, is accessible through the official McDonald’s app. It offers a unique blend of virtual and real-world experiences, with special benefits for the 2023 Grimace NFT’s holders.

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AI Gaming Platform Anomaly Mint Out Genesis Passport NFT Collection

Anomaly, an AI-powered blockchain gaming platform, saw its Genesis Passport NFTs mint out within seconds on June 6.

The collection of 888 free-to-mint NFTs were all claimed during the initial ‘guaranteed whitelist phase’, with the total trading volume on platforms such as OpenSea and Blur exceeding 20 ETH just four hours post-mint. At the time of writing, the current floor price sits at 0.03 ETH.

Backed by venture funds such as Shima Capital and Decasonic, this Genesis Passport collection intends to support Anomaly Games’ upcoming nodes campaign.

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Tune.FM and Jam Galaxy Enhances Music Creation and Monetization

Tune.FM, a decentralized music streaming platform and NFT marketplace, has announced a partnership with Jam Galaxy, a web3 music studio and collaborative audio protocol, to integrate advanced tools for music creation, artist monetization, and fan engagement on Tune.FM’s platform.

Jam Galaxy supports real-time, low-latency collaboration through its DePIN infrastructure and provides AI tools for music creation and fan interaction while Tune.FM uses Hedera Hashgraph blockchain technology to provide higher royalty payments to artists compared to traditional streaming services.

Tune.FM allows artists to sell music, release NFT drops, and offer multimedia content directly to fans. The platform also includes options for fan experiences like merchandise bundles, meet-and-greets, and VIP events.

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McDonald’s Launches Metaverse, Offers Perks for Grimace NFT Owners

McDonald’s has introduced a metaverse experience called “My Happy Place” for its customers in Singapore, offering various interactive activities and rewards, particularly for holders of Grimace NFTs. This initiative follows McDonald’s Hong Kong’s 2023 launch of McNuggets Land in The Sandbox.

Developed in partnership with Bandwagon Labs, this virtual world is accessible through the McDonald’s Singapore app, “My Happy Place” uses Bandwagon’s BW.LAND technology.

Within this 3D environment, users can play the Build-A-Burger game, design future McDonald’s restaurants, and take part in daily contests via the Wheel of Deals, which provides real-life food deals and prizes.

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Romanian Football Federation Joins FIFA Collect NFT Platform

The Romanian Football Federation (FRF) has become the first national football association to partner with the Modexand FIFA Collect platform, marking a notable development in the digital sports collectibles sector.

FIFA Collect, created by FIFA in partnership with Modex, allows users to buy, sell, and trade digital football collectibles while utilizing blockchain technology to ensure the authenticity and uniqueness of each NFT.

Fans worldwide can access a variety of digital items, including moments, players, and teams.

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South Korea Introduces Guidelines for NFTs as Virtual Assets

South Korea’s financial regulators have introduced new guidelines for NFTs in preparation for the upcoming Virtual Asset User Protection Act, effective July 19.

This update marks a reclassification of NFTs, which were previously not considered virtual assets in South Korea.

The updated guidance specifies conditions under which NFTs will be categorized as virtual assets.

While standard NFTs primarily traded for their collectible value will remain outside the virtual asset framework, those with dual characteristics will undergo closer scrutiny and may be classified as securities or virtual assets based on their inherent features.

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Web3 Card Battler ‘Parallel’ Launches on Epic Games Store

Ethereum-based card game Parallel has launched on the Epic Games Store, and aims to expand its reach to a broader audience.

The launch aims to take advantage of the Epic Games Store’s user base, which had 270 million users at the end of 2023, including 75 million active monthly players.

The studio, which raised $35 millions in funding in March had launched Parallel’s Planetfall Expansion earlier this year, and now anticipates increased visibility and player engagement from this move.

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Wu-Tang Clan’s Exclusive ‘Shaolin’ Album Now Available for $1

The Wu-Tang Clan‘s album “Once Upon a Time in Shaolin” is now partially accessible to the public via encrypted NFTs. PleasrDAO, the current rights holder, has released a five-minute sampler of the album, priced at $1.

The sampler, available on The Album, features previously unheard verses from Ghostface Killah, Raekwon, and Redman, along with snippets from several tracks of the 31-track, two-disc album.
Although the $1 purchase includes the entire album, only excerpts are currently accessible.

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HYTOPIA Launches Closed Beta Testing for NFT Holders

HYTOPIA, a voxel-based gaming platform developed by the team behind NFT Worlds, has started its closed beta phase, allowing NFT holders of HYTOPIA Worlds, Gray Boys, and Avatars to test the game on two available servers.

While the game is still in development, with ongoing efforts to make rapid improvements and provide frequent updates, the primary goal of this beta test is to ensure hardware compatibility and enhance the gaming experience for future players.

The closed beta now allows NFT holders the chance to download the initial game client build and experience early gameplay.

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Solana-Based NFT Platform Defies Sideways Crypto Market, Surges by About 30% This Week Amid Increased Activity

The native token for a Solana (SOL)-based non-fungible token (NFT) platform surged by nearly 30% this week, defying the wider crypto market doldrums.
Metaplex (MPLX), which aims to facilitate the creation, sale and management of NFTs, clocked price gains this week after it drew attention to its swelling on-chain activity.

The project notes on the social media platform X that 834,000 unique wallets directly signed transactions with its protocol in May, its highest month of all time.

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Doodles Will Migrate Avatar Creation 'Stoodio' to Ethereum Layer-2 Base

Doodles, an NFT-driven entertainment property, is making a move. On Monday, the project announced that it will migrate its “Stoodio” avatar customization platform to Ethereum layer-2 scaling network Base, departing the Flow blockchain in the process.

The transition, set to take place in mid-July, aims to leverage Base's cheaper and faster transactions compared to the Ethereum mainnet. Base, which was developed by popular crypto exchange Coinbase, is gaining steam within the increasingly crowded field of Ethereum scaling networks.

The original Doodles profile picture (PFP) collection will remain on Ethereum, and only the Stoodio and the various NFT wearables and character customizations will make the shift from Flow to Base.

Doodles CEO Julian Holguin told Decrypt that leaving Flow—which the project picked back in early 2023—wasn’t due to particular issues or complaints with the network behind NBA Top Shot and other apps, but had more to do with the project’s vision for the future.

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Creators of ‘OpenSeason’ Announces Airdrop for NFT Holders

Fractional Uprising Studios, the developers behind the Ethereum-based battle royale game OpenSeason, announced a token airdrop for holders of their NFT membership passes. The airdrop is scheduled for this week and involves the distribution of FU Money ($FU) tokens.

OpenSeason, available on the Epic Games Store, requires Ethereum NFT access passes for entry. Holders of these passes will receive a portion of the 62.1M $FU tokens designated for the initial airdrop, representing 10% of the total $FU token supply.

The distribution will be based on wallet snapshots taken at three different times with long-term holders receiving more tokens, and will be released on Arbitrum, an Ethereum layer-2 scaling network.

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Doodles’ Stoodio Moves to Base, Launches Open-Edition NFT Mint

Doodles has announced plans to migrate its avatar customization platform ‘Stoodio’ from the Flow blockchain to Ethereum’s layer-2 scaling network, Base.

Stoodio will make the transition to Base, while Doodles’ original PFP collection will remain on Ethereum. The transition is scheduled for mid-July and aims to take advantage of Base’s faster and more cost-effective transactions compared to the Ethereum mainnet.

To mark the migration, Doodles will offer an open edition Base NFT mint through Zora, unlocking exclusive content within Stoodio post-migration.

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Vatican Library Adopts NFTs to Preserve Manunoscript Collection

In collaboration with NTT DATA Italia, the Vatican Library has introduced a new initiative to preserve its extensive manunoscript collection by leveraging blockchain technology, and will distribute NFTs to donors and social media users in Italy.

Announced on Monday, the “Web3 Support Project” aims to expand the library’s online community and engage supporters through modern technology. Participants who share the project on social media until July 16 will receive a “Silver NFT,” providing access to 15 different manunoscripts while donors will receive a “Gold NFT,” granting access to 21 manunoscripts.

These soulbound NFTs are non-transferable and permanently linked to the recipient’s digital wallet.

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