Author: admin

Just days ago, Rare Protocol was activated on the Ethereum mainnet, deploying an innovative suite of smart contracts to shape the future of NFT content curation in the blockchain landscape. First engineered by SuperRare Labs, this open-source Protocol bolsters its functionalities beyond its initial user base, with Web3’s broad-based ‘art for everyone’ vision taking a share in the credit.Factors like fluctuating and dipping NFT sales are not just responses to market cycles but imply underlying issues. One of the main hurdles includes creators needing the know-how to develop genuine authenticity and exploration amidst too many choices. So, this is where Rare…

Sales of non-fungible tokens (NFTs) have taken another hit, declining over 10% from the previous week, with transactions totaling $85,046,840 since Saturday, August 26, 2023. This marks the third consecutive week of falling NFT sales, reflecting the broader crypto economy’s downturn and its significant impact on the NFT marketplace. Can NFTs Rally in September? Recent 3-Week Sales Trend Casts Doubt Cryptoslam.io reports that in the past week, NFT sales have seen a 10.71% decline, while the volume of NFT transactions has fallen by 17.15% compared to the previous week. Interestingly, the number of NFT purchasers surged, showing a 20.35% increase…

This summer months have passed us by and many people have returned to school or are back into the work grind after a vacation. But that doesn’t mean there isn’t still time for fun! Here are a few web3 games to watch that might have something interesting for us in the month of September. Release dates in software development are a fickle beast. So much so that dev teams often hate giving out any date deadlines at all. And for good reason, as some players will be quick to jump on missed deadlines as a sign of catastrophic failure. But…

During the new moon phase, MoonPay unveiled an intriguing twist in the fintech universe — MoonPay Ventures. It’s not just a subdivision; it’s an investment arm created to empower nascent Web3 finance and gaming startups through top funding and mentoring.Poised to invest between $100,000 to $1 million in the next generation of worthy companies on-chain, MoonPay Ventures focuses on startups’ seed and Series A funding stages. Already lined up with a portfolio of over 25 companies, including the famed Ledger, Mythical Games, and BCB Group, MoonPay’s new division moonbeams on its commitment to pioneering the innovators of tomorrow.1️⃣/ Today, we…

Following over 18 months of relentless development, many sleepless nights, and constant toil, anthropomorphic cyberpunk Web3 battler, Sipher, has announced it will move into its closed alpha phase. This means that select NFT owners who have supported the game throughout its development will have a chance to jump in and playtest the environment.Through this bare bones version of the game, the Sipher team will gather and study core data metrics in order to prepare the world for the open alpha phase that will follow a little later down the line. The news comes as part of the August development update…

Hot Wheels, the beloved toy car brand, has launched its NFT Garage Series 6. The company has made mini toy cars for decades and is now introducing its sixth series of interesting digital collectibles. Quick Takes: Hot Wheels has launched the NFT Garage Series 6 Collection with exclusive designs. The collection highlights Porsche, Jeep, and Dodge NFTs. These NFTs are categorized into five rarities with perks for collectors. Standard Packs are $25 – An exclusive chance to pull the Ultra Rare Jeep Wagoneer and Showroom Introduction to Hot Wheels NFT The NFT Garage Series 6 is the brand’s newest addition…

With the U.S. Open in full swing, hundreds of thousands of spectators are currently descending on New York City to witness one of the marquee competitions in professional tennis. Attendees of the Open, one of the four major “Grand Slam” tennis tournaments held around the world annually, will also encounter an array of immersive, high-tech offerings from familiar brands designed to enhance the fan experience. Companies like Tiffany & Co, American Express, social media giant Snap, and sports equipment manufacturer Wilson are capitalizing on the tournament to showcase their embrace of emerging technologies and offer peeks at future initiatives. Here’s…

In 2021, the world of non-fungible tokens (NFTs) was characterized by excitement, wild speculation, and overly-hyped prices. However, the market has experienced a significant downturn, plunging floor prices and falling trading volume since then. Monthly trading volume for NFTs has plummeted by 81% between January 2022 and July 2023, while monthly NFT sales figures have dropped by 61% during the same period. Likewise, the floor prices of popular NFTs like Bored Ape Yacht Club and CryptoPunks have hit a two-year low. NFTs Fail to Recover After Crypto Market Meltdown Once considered the next big thing in the crypto world, NFTs…

Yuga Labs has announced the release of an early version of ‘Legends of Mara’ for open beta testing, encouraging players to experience the game and offer valuable feedback as development continues. They also announced a collaboration with video gaming publisher Faraway to build an expansion in Unity for their Open Beta. The aim of this partnership is not just to elevate the game but to actively involve the community in its development. Otherside: Yuga Labs’ Metaverse Gaming VentureLast year, Yuga Labs launched Otherside, described as a “gamified, interoperable metaverse.” This platform combines elements of MMORPG gaming, akin to what’s seen in…

Data from DappRadar reveals a substantial downturn in the NFT space, with trading volume and sales witnessing substantial declines. Between January 2022 and July 2023, the monthly trading volume of NFTs has plunged by a staggering 81%. Simultaneously, the monthly sales of NFTs experienced a significant 61% drop during the same period. These figures indicate a marked slowdown in NFT activity, signaling a departure from the fervor that characterized the NFT market in previous years. Nicolas Lallement, co-founder of NFT Price Floor, commented on the situation, stating, “We may be in the worst moment since the beginning of NFT mania.”…