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Domestic Japanese financial giant, Seven Bank, has announced an all-new soul-bound NFT initiative to help save the planet. From July 18 until October 16, those donating to its memorial fund for environmental causes via the Seven Bank ATM network can claim a free digital artwork.For its latest token-backed campaign, Seven Bank has acquired the services of the lightning fast Astar blockchain, and engineering might of Tokyo-based NFT distribution platform, Sushi Top Marketing. Effectively, using their combined expertise to launch the “Connecting the World” series of Soul-bound NFT artworks. A project that will allow donators to collect a non-transferable memento of…

Beeple, the artist behind the $69 million NFT sale which propelled the popularity of NFTs into the mainstream media, has once again made it to the headlines with his hot-take on the collaboration of AI and NFTs. Earlier today, Bloomberg reported that Michael Winkelmann, famously known as Beeple, said that the intersection of artificial intelligence and NFTs does not offer a simple solution to the decline in the digital collectibles market. The rise of generative AI and its application in digital art has been the talk of the town in recent months. In fact, Fashion giant Gucci announced its collaboration…

Despite raising millions from the crypto community, stewards of the virtual pet franchise Neopets said Tuesday they are shelving Web3 plans in favor of going back to basics. As the game nestles into a “new, unified entity,” the call has been made to “transition away from the Neopets Metaverse game,” and direct resources better suited to the game’s “values,” according to a statement. A frosty reception of NFTs from Neopians led to the pivot away from blockchain, with the game’s leadership now making it their “priority” to appease Neopets’ dwindling player base. Launched in 1999, Neopets is a browser-based virtual…

In recent news, EtherFi, a decentralized liquid staking platform, has had issues with OpenSea, a popular NFT marketplace. The platform launched ether.fan, an NFT collection backed by staked ETH and focused on Ethereum decentralization. After successfully minting all 3k NFTs within a day with over 6200 ETH staked, all listings on OpenSea disappeared without warning. Upon reaching out to OpenSea, EtherFi was informed that NFT collections that carry out any financial activities subject to registration or licensing are not allowed on the platform. This raises concerns about the conservative stance that OpenSea has taken, as even the SEC has not…

In a surprising turn of events, Sega announced its decision to pull back from incorporating NFTs and blockchain technology in its games. This decision comes as a surprise, considering the company’s previous enthusiasm for exploring these emerging technologies. However, the ongoing global downturn in the crypto industry has prompted Sega to reconsider its stance.An Unexpected DecisionSega’s co-Chief Operating Officer, Shuji Utsumi, revealed that the company will no longer pursue its plans to integrate Web 3.0 content, including NFTs and blockchain technology, into its games. This means that iconic Sega franchises like Sonic the Hedgehog and Yakuza will not see any NFT integration…

Over in the ever-entertaining and eclectic nation of Thailand, its tourism NFT initiative has proven so popular it has returned for third season. Through its ‘Amazing Thailand’ collection, the country has challenged visitors to search out its tourist hotspots in return for a non-fungible reward.Picking up where the previous 2 seasons left off, the 3rd such campaign has returned bigger than bolder than ever before. As a result, it will offer more than double the number of NFTs to adventurers exploring the vibrant country, which in turn, will unlock exciting new benefits and discounts to their holders.All in all, Amazing…

OpenSea, one of the leading NFT marketplaces, has made the surprising move to suspend the trading of EtherFi’s highly anticipated EtherFan collection.The decision has left EtherFi and its community confused and frustrated, as the two companies had been working together for weeks leading up to the collection’s deployment. The marketing strategy for the launch heavily relied on secondary market sales and cross-promotion on OpenSea.The EtherFan collection, which features unique NFTs backed by staked ETH, initially had a successful launch. Within minutes, all 1,000 NFTs were minted, indicating strong demand from the NFT community.However, within just 24 hours of the collection’s…

According to the official announcement from the platform, Linea, the Layer 2 network has announced that it has begun opening an NFT airdrop for early network participants. On July 11, Linea released mainnet alpha, a powerful Layer 2 (L2) network with unparalleled scalability with a growing ecosystem of over 100 decentralized applications, developer tools development and infrastructure. Over the past two months, hundreds of thousands of original members of the community and more than 50 partners have joined Linea. As of this morning, over 5.6 million unique wallets have sent over 50 million test network transactions on Goerli. Linea Voyager…

The documents state that Yuga Labs has made a request to withdraw approximately $1.59 million (US$1,589,455) in addition to $200,000 from profits derived from the sale of the counterfeit disc. Yuga Labs argues that the RR/BAYC NFT produced by the counterfeit operation violates statutory damages. Yuga Labs requests $1,589,455 of @ryder_ripps and @Pauly0x RR/BAYC’s profits and $200,000 in statutory damages, new court documents released yesterday show. Thoughts? ???? pic.twitter.com/lNujtl6wM6 — OKHotshot (@NFTherder) July 18, 2023 The tweet by OKHotshot sparked a flurry of discussions within the crypto community, highlighting the ongoing legal battles surrounding intellectual property rights and the integrity…

Celebrated Canadian photographer Andrew Miller has announced an exclusive auction of the first professional and never-before-sold portrait of Ethereum founder Vitalik Buterin, tokenized as an NFT. The auction coincides with the 10th anniversary of the Ethereum concept, the open-source, decentralized blockchain recognized globally for its smart contract functionality. The auction is set to commence on July 1st and continue until July 30th at on Manifold.xyz, presenting a singular opportunity for collectors to secure a piece of Ethereum’s early history. The starting bid is pegged at 333 ETH. Speaking to Crypto, Miller shared details of the backstory behind the photograph: “This…