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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Cryptorefills Launches ‘The 7 Deadly Sins’ NFT Gift Card Collection

Cryptorefills, a platform in the cryptocurrency commerce space, has announced the launch of a new NFT gift card collection named “The 7 Deadly Sins.”

In collaboration with digital artist Yassine Oumghar and St-Art gallery, this initiative aims to combine digital art with practical utility for customer loyalty and engagement.

Each NFT in the collection represents one of the seven deadly sins and is built on the ERC 721 standard

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Konami Launches NFT Solution ‘Resella’ on Avalanche Blockchain

Konami Digital Entertainment, the digital arm of Konami Group, has announced that its NFT provision solution — Resella — will be developed on the Avalanche blockchain, developed by Ava Labs Inc.

This partnership is intended to expand the platform’s capabilities to serve a wider array of companies and organizations interested in web3 services.

This initiative is also is expected to offer zero gas costs for users and consistent processing speeds.

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Paris Match auctions NFTs to commemorate the magazine’s 75th year

Paris Match, a French magazine, is auctioning 75 iconic archival photos as Ethereum (ETH) non-fungible tokens (NFTs) to celebrate its 75th anniversary.

The auction kicked off on June 17 and showcased a curated selection of historic images from Paris Match’s archives.

These include snapshots of entertainment icons like The Rolling Stones, Jack Nicholson, Orson Welles, and John Travolta. Images of significant historical moments such as the fall of the Berlin Wall and scenes from Harlem and the Tour de France are also included.

Each NFT purchase will include a numbered and signed physical print of the same photo, bridging the gap between traditional art collecting and digital ownership. Bidding for each photo starts at 0.3 ETH, equivalent to approximately $1,062 at current rates.

This initiative marks Paris Match’s second venture into the NFT realm, following a successful sale of 120 unique NFTs in January 2023. The magazine has teamed up with the photo NFT platform Focus Bloc and SuperRare for this auction.

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Pudgy Penguins and OverpassIP Announces Parent Firm Igloo Inc.

Popular NFT project Pudgy Penguins and NFT licensing platform OverpassIP have jointly announced the formation of Igloo Inc., their new parent company.

Unlike many initiatives, the company emphasized its goal to provide a user-friendly experience for newcomers to crypto, prioritizing ease of access over cryptocurrency price fluctuations.

Igloo Inc. aims to create “the largest onchain community, driving the consumer crypto revolution” and plans to leverage the established popularity of Pudgy Penguins to attract new users, followed by deeper engagement through licensing arrangements facilitated by OverpassIP.

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Open World Survival Game LumiTerra Comes to Ronin Network

Initially utilizing the L3 Arbitrum Orbit network, cross-platform MMORPG LumiTerra has recently announced their expansion to Ronin, and is expected to significantly attract a large new player base from China and Hong Kong.

LumiTerra launched it’s Beta 2 in April as an invite-only event introducing several new features and gameplay adjustments. The team plans to continue releasing future updates with new content and features to keep players engaged.

With its closed beta test (CBT) in the horizon, the game is gearing up to offer $1M USD in prizes, including $RON, in-game items, and allowlist spots for a future NFT mint. Interested players can join quests through Earn Alliance’s Ronin Week starting June 24.

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CryptoPunks leads daily NFT sales with over US$1.34 million

CryptoPunks topped CryptoSlam’s daily NFT chart on Tuesday with US$1.34 million in sales.
This surge in sales was driven by six unique buyers and sellers, with an average price of US$224,950 per NFT.

The collection’s performance pushed its all-time sales volume to US$2.85 billion, third in the industry behind Axie Infinity and Bored Ape Yacht Club.

The second-ranking collection for the day was NodeMonkes, a Bitcoin collection that saw a total of US$881,042 in sales across 84 transactions, involving 72 unique buyers and 60 sellers.

This performance marks an increase from the previous day’s sales of US$428,913.

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Second World Games Launches Fantasy League, Raises $3M

Second World Games has introduced “Fantasy Troop,” a new fantasy league for web3 gaming, integrated within their game “Second World: New Era,” following the pre-sale of their native token, $SWIO.

Second World Games was founded in 2022 by Carlos Cameo — a developer who created his first game at 14 and founded a multimillion-dollar company at 18 — and Íñigo Cavestany to improve web3 gaming by focusing on engaging gameplay rather than complex crypto mechanics.

The $SWIO token, which raised $3 million in its pre-sale from investors including Paul Saliba, CEO of Volpex, and Koh Onozawa, CEO of Bit2Me, ties the studio’s performance with the token’s value. Players can use $SWIO to buy in-game assets and earn rewards through tournaments and tasks.

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Web3 MMO Worldwide Webb Rebrands to Soulbound

Worldwide Webb has introduced a significant update dubbed “The New Era of Arcadia,” marking its transition and rebranding to Soulbound.

As part of this update, Soulbound (formerly Worldwide Webb) has revamped its website and added new features to enhance the gaming experience for its dedicated community including new skills, group challenges, cosmetics, and more.

To celebrate the release, a giveaway has been announced where one lucky participant who engages with the original post stands a chance to win a small apartment NFT valued at over 0.14 $ETH.

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Vendetta Games Launches NFT Crafting System in Chalk River

Web3 game publisher Vendetta Games has launched a new NFT crafting system within its upcoming Wild West-themed RPG noscript, Chalk River.

The system aims to enrich gameplay by offering players more customization options and economic opportunities within the game, allowing players to craft items using materials obtained from Loot Box NFTs, including leather, metal ores, and rare gold nuggets.

Players can create both cosmetic enhancements and functional gear, such as improved weapons or character accessories.

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Web3 Horse Racing Game ZED RUN Transitions to ZEDx

NFT-based horse racing game ZED RUN has announced its transition to ZEDx, introducing a complete redesign of the former platform.

This transition is spearheaded by a revamped leadership team, including new CEO Nir Efrat, Head of Product Nick Ciesinski, and Game Design Advisor Margaret Robertson. The team is committed to maintain open communication, with bi-weekly AMAs and regular updates on social media platforms.

Virtually Human Studio, the studio behind ZED RUN, aims to make ZEDx a more efficient and accessible platform whilst leveraging the $ZED token.

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Deadfellaz’ Horror PvP Game ‘Wallhugger’ Enters Alpha Testing

Deadfellaz, the popular zombie-themed NFT collection, in partnership with Tempest Studios and The Sandbox, has launched the alpha testing phase of their new horror-based PvP game, “Wallhugger.”

The current alpha phase includes essential gameplay elements available for testing and feedback during the TSB Builder’s Challenge period.

Players can participate in group play sessions or explore the game solo to provide feedback.
The development team aims to refine the game’s mechanics based on input from testers.

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ChainGPT Introduces New Features to its AI NFT Generator

ChainGPT, a provider of AI-powered Infrastructure for crypto, blockchain, and web3, has announced significant updates to its AI NFT generator platform to improve the functionality and flexibility, offering users enhanced transaction options, customization capabilities, and security measures.

ChainGPT’s AI NFT generator simplifies the creation of NFT with an easy-to-use interface, supporting multiple cryptocurrencies for transactions and includes a marketplace for minting and selling NFTs.

One notable update is the additional support for crypto payments via the Polygon and Avalanche. Users can now choose their preferred chain via Metamask, with Avalanche enabling payments in $USDC, $USDT, or $AVAX.

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ONTO Wallet Partners with Fiat24 for NFT-Powered Digital Banking

ONTO Wallet announces its partnership with Swiss fintech firm Fiat24 to launch NFT-powered digital banking services allowing users to open Swiss IBAN accounts directly within the ONTO app, leveraging Ethereum-based technologies to enhance security and streamline digital transactions.

ONTO Wallet will integrate Fiat24’s NFT technology, allowing users to manage KYC data securely, and aims provide a more transparent and user-centric experience in managing traditional and digital assets within a single platform.

The partnership aims to enhance user experience by consolidating digital asset management and banking functionalities in a single platform.

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Consensys Acquires Wallet Guard, Strengthens MetaMask Security

Consensys, the Ethereum-focused software company behind MetaMask, has acquired Wallet Guard, a provider of browser extension security and digital asset protection.

This comes amidst increasing concerns over cybersecurity and aims to bolster MetaMask’s security capabilities by enhancing scam and drainer detection through transaction validation and client-side heuristics, offering users real-time protection against malicious dApps and scams.

The acquisition aligns with Consensys’ strategic growth, following earlier acquisitions of Special Mechanisms Group (SMG), HAL, and MyCrypto.

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Space Nation Reveals Crew NFTs, Announces Closed Beta 2.0

Space Nation, a web3 MMORPG, has partnered with Immutable to introduce Crew NFTs, digital assets representing characters with unique attributes such as profession, skills, and faction allegiance.

These NFTs are categorized into tiers ranging from Epic to Common and will play integral roles in gameplay, evolving alongside players to influence strategic decisions and unlock new challenges. Minting on July 9, the Immutables NFT Collection will consist of 5,000 units across different tiers, with each priced at 0.02 $ETH.

Space Nation is also gearing up for Closed Beta 2.0 to refine gameplay mechanics, stress-testing new features, and incorporating community feedback to enhance overall player experience.

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How are NFTs solving problems? From Art to Real-World Solutions

In recent years, the NFT industry has experienced both a meteoric rise and a precipitous fall.

NFTs initially gained attention due to high-profile sales of digital art and collectibles with collections like CryptoPunks, CryptoKitties, and Bored Ape Yacht Club bringing the technology into the mainstream.

As the novelty wore off, the market began to decline and developers have been slow to shift the focus from art and collectibles to functional use cases, leading to a perception that NFTs’ only value lies in the virtual art space.

Today, many NFTs remain unsold—79% according to recent figures—and public interest has waned, with some declaring NFTs are a dying trend. Despite this downturn, the technology behind NFTs still holds significant potential beyond its initial applications.

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