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British artist Damien Hirst faces allegations of backdating thousands of paintings in his NFT art project, ‘The Currency’. A recent investigation suggests that at least 1,000 of the 10,000 dot paintings were produced years later than the claimed date of 2016.Launched in 2021, ‘The Currency’ featured 10,000 dot paintings where buyers had to choose between a physical painting or a corresponding NFT, with the unselected option being destroyed. Each painting was inscribed with the date 2016 and Hirst’s signature.The project sold out quickly, generating nearly $90M and over 5,000 buyers chose physical paintings, while almost 4,000 selected NFTs, resulting in…

OpenSea has unveiled its latest initiative, the “Get Based” series. The series aims to spotlight artists creating on Coinbase’s Base network, an Ethereum Layer 2 (L2) solution.The “Get Based” series will showcase the works of up to 15 artists throughout the summer. The first drop in the series will feature a reimagined artwork of the iconic “Endless Summer” film by Carty Sewill, who is not only an artist but also an employee at OpenSea. Weekly drops will be made available on OpenSea’s website and Farcaster, a social media protocol. These drops will offer open edition NFTs at $5 or less, with…

In a recent X post regarding the NFT art realm, acclaimed artist Claire Silver expressed concerns about a drop in artist engagement and market dynamics attributed to diminished royalty payments. Royalties provide creators with income from secondary sales. Silver argues that reducing or eliminating this revenue stream reduces artists’ earnings and deters their involvement, leading to a less dynamic NFT industry. The collaborative AI artist elaborated on how royalty cuts have led artists to devalue the notion of scarcity in their works, resulting in no incentive for older collections, only new ones. Silver adds that she is “ashamed the space was so shortsighted.” Further, she outlined the…

Did you ever imagine being fully immersed in a cyberpunk saga, pixel by pixel? The concept of a metaverse may be familiar, but the Pixelverse takes this virtual experience back to the nostalgic era of 2D gaming. Kirill Volgin, the visionary behind this creative fusion, redefines immersive gaming within a comprehensive and eye-catching pixelated universe.The Pixelverse isn’t your average throwback to the classics—it’s an intersection where a passionate community, narrative depth, and innovative technology converge. As we dive into the backgrounds of its cyberpunk worlds, anticipate a blend of engaging quests, role-playing elements, and competitive thrills that promise to keep…

A recent hack on the GALA token that minted billions of extra tokens has caused a stir in the Gala community. But the Gala team responded quickly, drafting a proposal to upgrade their token contract and balance out the token supply. This proposal has already passed, and we should see the new token contract within the next couple of days. I don’t think this was quite what Gala Games had in mind when they talk about May Mayhem! Earlier this week, someone with admin access to the GALA token contract managed to mint 5 billion fresh, new GALA tokens. They…

Imagine an era where gaming transcends the screen, and players wield true ownership over their virtual assets. Welcome to the digital renaissance of Web3 gaming in 2024. As the gaming landscape undergoes its most significant transformation yet, the fusion of blockchain technology with interactive entertainment is redefining what it means to play. This comprehensive guide is your portal to understanding and navigating the intricacies of Web3 gaming. From the evolution of digital play to the potential of blockchain to revolutionize the industry, we’ll examine how Web3 gaming is setting the stage for a new, immersive experience. Unlocking ownership, securing transactions,…

Azuki and Magic Eden partners to introduce a dual-chain NFT product: the Azuki x Satoshi Nakamoto Enduro Hoodie. This limited edition hoodie, inspired by Bitcoin’s creator Satoshi Nakamoto, will now exist on both the Ethereum and Bitcoin blockchains.Each hoodie, designed exclusively for holders of Azuki’s “Spirits” NFTs, is embedded with a chip allowing owners to scan and mint a corresponding NFT on the Ethereum blockchain for proof of ownership and authenticity.Additionally, an Ordinals inscription, similar to an NFT, will also be created on the Bitcoin blockchain. Source: AzukiPBT-Backed Satoshi Nakamoto HoodiesAccording to Azuki, only 98 of these Azuki x SATOSHI…

Thetan World, a Web3 gaming platform developed by Wolffun Game, has recently launched an Airdrop Event with a prize pool of 10,000 USDT distributed among 800 winners. This event is part of Thetan World’s broader strategy to expand the GameFi ecosystem and attract new users to the blockchain world through their popular game, Thetan Arena.Aiming for Wider ParticipationThe Airdrop Event, following a series of successful events, including the NFT 2.0 Pre-Registration Event and Mounting Event, has been met with some excitement from the GameFi community and investors. To participate, users must visit the official website, join the Thetan World Discord Community, follow Thetan World…

In a week marked by price downturns for several leading Ethereum NFTs—with Mutant Ape Yacht Club seeing a 7.5% decline, Bored Ape Yacht Club falling by 5.2%, and Pudgy Penguins dropping 2.7%—Milady Maker goes against the grain. Despite other Ethereum collections decreasing in price, the floor price of Milady surged 35%, rapidly jumping from $15,278 (4 ETH) to $22,153 (5.8 ETH) on Tuesday. Milady Maker’s sudden rally lacks a definite trigger, but still, its momentum has been maintained. The collection’s floor price currently stands around an impressive $21,000 (5.5 ETH), with a market cap boasting $207.976 million (55,298 ETH).  Source: CoinGecko (Milady Maker)Milady Maker’s Intriguing JourneyLaunched…

Major NFT marketplace OpenSea launches “Get Based,” a series of digital art NFT drops on the Ethereum Layer-2 scaling network, Base. This initiative will feature weekly artworks priced at $5 or less, with some available for free.Starting today at 12:00PM EST, “Get Based” will debut with a reimagined version of the “Endless Summer” film artwork by Carty Sewill, an artist and OpenSea employee.The series will include works from up to 15 artists over the summer and aligns with Base’s “On-Chain Summer II” promotion beginning on June 3, an event featuring over 600 $ETH or nearly $2.3M in prizes, incentives, and…