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In a day where most web3 gaming projects opt for a dual token system, Chumbi Valley bucks the trend by announcing they will be moving to a single token system! Chumbi token, or CHMB, will function as the governance token as well as provide in-game utility for breeding, while a second, game only currency will be used for basic game activities. While we still wait for some sort of demo or playtest from Chumbi Valley, they do continue to provide us with regular development updates. These generally showcase art, animations, and other such things. However, one of the latest updates…
As New York Jets’ quarterback Aaron Rodgers fell victim to a season-ending ankle injury after four snaps with the long-beleaguered NFL franchise on Monday, backup Zach Wilson stepped up to lead the team and face off against the Buffalo Bills. And quickly, Wilson’s fantasy football NFTs shot up in value. Thrust into the national spotlight for a high-stakes matchup against a divisional rival, Wilson’s associated NFTs on DraftKings’ Reignmakers—the fantasy sports firm’s blockchain-based game—promptly surged as Rodgers’ injury grew apparent. The “elite” version of Wilson’s digital player card on NFL Reignmakers for 2023—a Polygon-based NFT that’s limited to 30 total…
Animoca Brands announced a new round of fundraising that brought in $20 million dollars to invest into the Mocaverse! More than just a PFP collection, the Mocas are a centerpoint of the future of Animoca Brands. And this funding round specifically devoted to the Mocaverse further proves that point! The Mocaverse just wrapped up their scavenger hunt, allowing Moca owners a chance to search a grid map for Relics, each containing prizes ranging from game tokens to rare NFTs. And it seems like there is even a brighter future ahead, as Animoca Brands, the parent company, just announced that they…
Sorare and AC Milan recently unveiled the first 3D digital NFT collectible cards with augmented reality: offering a virtual journey with AC Milan players through an online treasure hunt. Specifically, Sorare managers will be able to accumulate and use 3D digital soccer cards on mobile and web platforms, interacting with them in the real world thanks to Augmented Reality features on Sorare’s mobile app. The use of the new cards will be possible from the 2023/24 season, and an online treasure hunt will kick off in September to unlock exciting prizes, including rare cards, VIP tickets and away trips with…
A boxing fight between Logan Paul and Dillon Danis scheduled for October 14 may result in a $300,000 cash payout for the holder of one of Logan Paul’s NFTs, despite holders of his CryptoZoo project waiting to be reimbursed $1.8 million. The NFT “who am i” is the 19th that makes up Logan Paul’s 99 originals NFT series released in 2022. The NFT perk states that the holder “receives 1% of net revenue of Logan Paul’s next fight.” The owner of the NFT is a man called Adum Multz. It sold for 40.25 ETH in June 2022, around $43,500 at…
Diesel’s Milan Fashion Week shows are buzzworthy events guaranteed to grab the attention of its Gen-Z fanbase, with last season’s runway backdropped by a mountain of 200,000 co-branded Durex condoms. And when the Spring 2024 collection bows on September 20, there will be up to 300 extra guests—thanks to NFTs. The Italian label, helmed by creative director Glenn Martens, is teaming up with Web3 culture and music platform Public Pressure for Metamorph, a limited edition run of 300 digital collectibles minted across the Polkadot and Polygon networks. Among the various utilities listed, access to the upcoming Diesel show gets top…
Nonfungible tokens (NFTs) saw a massive surge in popularity in 2021, accompanied by sky-high prices, but the market has since come crashing back to earth, and it’s unclear whether there will be a resurgence. NFTs are unique digital tokens recorded on a blockchain to certify ownership and authenticity. They can’t be copied or substituted but can be transferred and sold by their owner. According to analytics platform NFTGo, the NFT market cap valued in Ether (ETH) is down 40.59% over the past year at the time of writing, with trading volume down 40.81%. The market cap in U.S. dollars is…
Owing to many disgruntled holders leaning toward the crypto trend “rage quit,” the leading DAO-run NFT project, NounsDAO, is on the brink of a treasury split on September 15. Rather than selling on the open market amidst the bear market, DAO members seek a more favorable rate from the project’s ETH stash, including the mysterious DCFGod, who holds 28 Nouns.More than 333 Nouns support “forking” the NounsDAO NFTs in light of the rage quit. Therefore, 333 dissatisfied DAO members have split from the project to claim a share in the its 30,620 ETH tokens, valued at approximately $50 million. The Nouns NFT…
CNA Financial, the seventh-largest commercial insurer in the United States, has excluded nonfungible tokens (NFTs) coverage from Schwab Strategic Trust’s policy worth $20 million. In a filing submitted to the US Securities and Exchange Commission (SEC), the insurer attached an exclusion to the document, mentioning that the bond does not cover any “loss, damage, claim, occurrence, or suit related to NFTs. The filing defined NFTs as: “Any unique digital identifier connected to any digital ledger technology which may be used to certify authenticity or ownership of anything, including but not limited to any digital, tangible, or intangible item, but cannot…
Set to launch on September 12th, Alien Worlds Emergence collection brings ten new mining tools to players. The tools will only be available with NFT points and will have limited print runs! A whole new set of tools lands soon in Alien Worlds. With some decent stats for mining and a limited print run, these tools are likely to be in high demand! Known as the ‘Emergence Collection’, this set of tools brings ten new options to Alien Worlds miners. These range from the common Shiny Explosive to the legendary Ether Convertor. All of these tools can be upgraded into…
