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Leonardo da Vinci’s famous art piece, Salvator Mundi — currently held in the arms of Saudi Arabia’s Crown Prince Mohammed bin Salman Al Saud — is set to evolve into an NFT on August 12.Valuing a colossal $450 million, secured in a jaw-dropping auction at Christie’s New York, this iconic illustration of Christ holding a crystal orb is ready to feature on the blockchain. This digital revolution is led by the digital asset platform ElmonX, in tandem with the firm behind image licensing of famous masterpieces, Bridgeman Images.Leonardo da Vinci’s masterpiece: Salvator Mundi ????Rediscovered, restored, and auctioned for a record-breaking USD…

Investments in the web3 gaming and metaverse sectors surged in July 2023, reaching $297 million, according to a report by DappRadar and Blockchain Game Alliance. This renewed interest comes after a brief lull in the market and indicates a growing appetite for innovative projects within the blockchain gaming and virtual reality space.Blockchain Gaming Takes the LeadIn a notable trend, blockchain gaming has taken the lead, accounting for 41% of on-chain dapp activity during the month. A staggering 712,611 daily unique active wallets (dUAW) were recorded, signaling a robust engagement within this segment. Among the blockchain gaming platforms, WAX emerged as…

Tapestry, the New York-based fashion conglomerate that owns Coach and Kate Spade, among other brands, announced Thursday that it has agreed to acquire Capri Holdings—the parent company of Versace, Jimmy Choo, and Michael Kors—for roughly $8.5 billion. While the deal is only the latest merger of top brands to impact the steadily consolidating luxury fashion industry, it marks perhaps the most sizable effort an American firm has made yet to take on the dominance of mega-powerful European fashion conglomerates like LVMH (which owns 75 brands, including Louis Vuitton, Dior, and Tiffany) and Kering (over 18 brands, including Gucci, Balenciaga, and…

MetalCore is planning an upcoming release of Chibi SFTs – soulbound tokens that maintain an ongoing record of your accomplishments, event attendance, and more! But to qualify, you need to hold at least two MetalCore Infantry NFTs. MetalCore announced an upcoming release of Chibi SBTs, or Soulbound Tokens. Once created Chibis cannot be transferred. They will function as a permanent proof of participation for the holding wallet. This could include event attendance, tournament placement, social accomplishments, and more. They will likely also be used in the future to provide other perks and benefits. a gold MetalCore Chibi More about MetalCore…

DeGods “Season III” will add artwork to give each holder four artistic assets associated with their one DeGods token. In 24 hours, trading volume increased nearly 200% to 1,359 ETH, or about $2.5 million. It’s uncertain if overall non-fungible token (NFT) trading volume will come back after falling 50% since January, but for popular profile-picture (PFP) project DeGods, it sure looks like it. According to data from marketplace OpenSea, in the past 24 hours DeGods’ trading volume has increased 197% to 1,359 ETH – about $2.5 million – as traders collectively purchased 158 DeGods. It’s also taken top spot on…

This move has propelled the cumulative value of tokens and NFTs torched by nd4.eth to surpass an impressive $8.2 million. Ember, an on-chain analyst, reported the transfer of tokens into a black hole for destruction. The breakdown of the accumulated value includes 2502 ETH (approx. $4.68 million), 36223 GMX (approx. $1.78 million), 311603 GNS (approx. $1.53 million), 10000 APE (approx. $18600), about 2125 ARB (approx. $25000), 3 Bored Ape Yacht Club (BAYC) NFTs (#71, #289, #1368, valued at $160,000 collectively), and 2 Mutant Ape Yacht Club (MAYC) NFTs (#1826, #3573, valued at $21,400 combined). Additionally, 1 Bored Ape Kennel Club…

Superchief Gallery’s founder, Edward Zipco, recently discussed his ambitious plan to develop an international network of 50 physical NFT galleries live at Paris’s Ethereum Community Conference (EthCC).Initiating his noble aim is the pioneering NFT gallery in Paris, IHAM Gallery, honoring Superchief’s ‘Cyberpunk’ exhibition during EthCC. Other notable venues, like Switzerland’s Unpaired Gallery, Paris’s NFT Factory, Japan’s Knox Gallery, Korea’s Uncommon Gallery, and more, are also part of Zipco’s universal grid and, consequently, part of his innovative ploy.Perfect Unions for 50 NFT GalleriesThough these art havens are already alive and swinging, Zipco’s goal is to set them in unison. Through this…

New concepts develop continuously in a quickly expanding digital ecosystem, transforming industries and challenging existing rules. NFTs (Non-Fungible Tokens) have taken center stage among these developments, altering how we perceive ownership, creativity, and the value of digital assets. We explore the world of NFTs and ascertaining their usefulness and utility while learning about the revolutionary domain of digital assets. As technology improves, the lines between the physical and digital worlds blur, allowing previously imagined possibilities to emerge. NFTs, which are frequently praised as the next frontier in the digital economy, are a game-changing concept that blends blockchain technology, digital ownership,…

Since rolling out its new “Song Share” for artists, Bolero’s founders think that they finally have proof that Web3 music has a real future. The French start-up’s model offers fans micro-ownership over an artist’s music, allowing them to earn a percentage of any royalties the song generates. The platinum track “Brothers,” released by French rapper Rilès in 2016, headlined this first rollout. “We collected revenue from February 1st to April 30th from streaming, downloads, as well as views on his music video on YouTube and other video platforms,” William Bailey, Bolero’s CEO, told Decrypt. “This generated a return on investment…

DeLabs’ NFT project, y00ts, has taken a surprising step by migrating back to the Ethereum mainnet from the Polygon scaling network. This is just ahead of the highly anticipated unveiling of DeGods’ “Season 3” content. While the exact migration date remains undisclosed, this move has sparked interest, debates, and discussions within the NFT community. TL;DR: DeLabs’ NFT project y00ts shifts from Polygon back to Ethereum mainnet ahead of DeGods’ “Season 3” reveal. The return has raised questions about project motives after migrating from Solana to Polygon with a $3 million grant. DeLabs’ decision to return the grant and allocate $1…