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A Stradivarius violin, once owned by Russia’s Catherine the Great, has been tokenized to secure a multi-million dollar loan through Galaxy Digital‘s Global Markets business, marking a new use case of blockchain technology in managing real-world assets.The violin was crafted in 1708 by Italian luthier Antonio Stradivari, renowned for its craftsmanship and historical provenance, was acquired last year by Yat Siu, Co-founder of Animoca Brands, for approximately $9 million.This move allows Siu to have the violin and its corresponding NFT to be used as collateral. Source: GalaxyPioneering Real-World Asset Value UtilizationThe tokenization process, led by Galaxy’s subsidiary GK8, converts the…

Web3 action-shooter title Shutdown, backed by Morningstar Ventures, has seen its first NFT release – titled the Mongrel Collection – mint out, ahead of their upcoming token launch.1,750 free-to-mint NFTs were available, and all were distributed, with over 1,000 Mongrel NFTs claimed through guaranteed spots on OpenSea.Shutdown’s $FUSE token is set to launch later in 2024. Source: ShutdownWhat is Shutdown?Shutdown is a cross-platform isometric shooter title. Developed by an experienced team of ex-Disney, Pixar and Ubisoft personnel, the action-packed game is built in Unreal Engine 5, with a focus on creating and maintaining a sustainable player-driven economy.Holders of Shutdown’s Mongrel…

Don Julio Tequila is expanding its 1942 lineup with five new barrel-aged expressions, to be sold exclusively through an auction hosted by BlockBar, a marketplace for spirits-based NFTs.This release marks the first limited-edition variants of Don Julio 1942, which is typically aged up to 32 months in American white oak barrels. The new versions are finished in ex-bourbon, ruby port, Portuguese Madeira wine, orange wine, and Crémant casks.Each expression is limited to one cask, equivalent to forty cases or 240 bottles. Source: BlockBarA Piece of Luxe-Tequila HistoryThe auction is now live and starts at $35,000 per cask with the five…

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.  Source: X (Stats)Additional Yuga Labs Treasures RevealedThe auction lot continues further. It includes other sought-after Yuga Labs creations, such as two gold-furred…

Dapper Labs, the blockchain company known for its NBA Top Shot collectibles, has agreed to settle a class-action lawsuit for $4 million. The settlement addresses allegations that the company violated securities laws.Pending court approval, the settlement will compensate claimants and cover legal fees. This agreement is a big step for Dapper Labs as it seeks to resolve ongoing legal uncertainties surrounding its operations.Background of the Legal DisputeThe lawsuit, filed in the U.S. District Court for the Southern District of New York, argued that NBA Top Shot Moments should be classified as unregistered securities. A federal judge initially supported this claim,…

A new wave is cresting in the fine wine market. Forget traditional methods – InterCellar, a leading web3 platform, is shaking things up with the introduction of “En Primeur” NFTs on Crypto.com NFT.Traditionally, InterCellar’s en primeur wines were a privilege reserved for a select few. Wine connoisseurs could buy bottles before they were even bottled, essentially pre-ordering a future vintage.The Swiss wine company now democratizes fine wine by offering NFTs for sought-after 2023 vintages from prestigious chateaux like Lafite Rothschild and Mouton Rothschild. Source: X (InterCellar)A New World of Fine WinesThe En Premeur NFT drop offers several distinct features. Early…

Hamster Kombat—a relatively new web3 game—has emerged as a powerful contender in the blockchain landscape, captivating 78 million CEOs and 31 million active users, as per a recent X post. The excitement doesn’t stop there. With 6.5 million gamers online simultaneously, a Telegram group boasting 24 million members, and a YouTube community of 13.5 million subscribers, the game has created a quick buzz since its initiation in March. Adding to the momentum, it maintains a robust Twitter following of nearly 5 million, solidifying its presence across various social media platforms. But what’s all the fuss about?  Source: X (Hamster Kombat)Innovative Play and…

Eldarune has partnered with Avalanche to extend its gaming ecosystem and bring Eldarune’s native $ELDA token, four web3 titles, and NFTs to the Avalanche network.Eldarune has been using Avalanche’s subnet technology since 2022, making it one of the early adopters to explore the platform’s innovative feature.To mark the partnership, Eldarune held a Red Box Free Mint event on June 3 exclusively for the Avalanche gaming community. Source: EldaruneExclusive Red Box Free Mint EventThis exclusive event releases a limited edition collection of 888 NFTs and will be distributed for free.The collection includes 666 standard units and an additional 222 units, each…

Crypto.com and InterCellar, a leading Web3 marketplace for fine wines and spirits, have collaborated to launch an initiative in wine collecting: real-world asset tokenization. This concept aims to enhance liquidity and traceability for wine collectors and offers a new way to participate in wine trading before the wines are even bottled.The initial release, for a limited time only, features a premium selection of wines, including Château Cheval Blanc 2023, Château Angelus 2023, Château Lafite Rothschild 2023, Château Mouton Rothschild 2023, Le Petit Mouton De Mouton Rothschild 2023, Château Carruadas de Lafite 2023, and Château Leoville Las Cases 2023.The drop begins…

Web3 gaming titan Axie Infinity and the popular gaming blockchain network Ronin launched the month-long festival ‘Ronin Carnival’ yesterday.The prestigious tournament is currently taking place on Ronin to attract new users to the network and celebrate those who excel within the game’s virtual battlegrounds.At the heart of this event is the opportunity to win a portion of 3,000 Axies NFTs, 5 Origin Axies (“a marker of Axie OG status”), and 200 $AXS tokens when hitting level 5. Source: X (Axie Infinity)Rewards for Gaming Devotees Potential attendees are tasked with setting up a Ronin Wallet and completing a registration form to join…