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Just a few months ago, Neopets Meta CEO Dominic Law publicly promoted the concept of “play-and-earn” Web3 gaming and told Forbes that the cutesy Neopets franchise offered “all the right ingredients” for an NFT game. But now it’s been abruptly canceled—and it’s not entirely clear why. Neopets Metaverse, a free-to-play title based on the 1999 virtual pet simulator web game, was in its alpha stage of development and the team had already sold over 9,000 Solana NFTs across multiple collections—plus it raised millions from backers including Polygon Ventures and Avalanche’s ecosystem fund. On Monday, the Neopets Team—which refers to itself…
Opepen Edition, a Pepe meme-themed Ethereum NFT series from conceptual digital artist Jack Butcher that went live in January, has seen a massive uptick in interest and value since the collection became the focal point of a viral trend this week on social media. In the last 48 hours, Opepen Edition’s floor price—or the asking price of the cheapest listed item in the collection—surged to a new all-time peak of 0.85 ETH or about $1,625, according to data from NFT Price Floor. Currently, the floor sits above 0.75 ETH, or about $1,440. The pieces were originally minted for free earlier…
Ether.Fi said Tuesday that OpenSea, the most popular digital marketplace by number of traders, has stopped the trading of its staked-ether NFTs. “We launched ether.fan, which is an NFT collection backed by staked ETH,” CEO Mike Silagadze said in an open letter published on Medium. “By all measures it was wildly successful. We minted out all 3,000 NFTs within a day, with over 6200 ETH staked.” Silagadze went on to say that listings “immediately” began appearing on OpenSea, with Ether.Fi then directing to those listings so that they could trade. “Then we got hit with a gut punch. All listings…
The ability to rent an NFT is not anything new. But, the options are generally few and far between, and mostly limited to a specific market. LootRush is breaking that dynamic open by creating a centralized repository of NFTs, available for rental by anyone, no KYC or credit card required! LootRush is building an NFT service, allowing players to rent NFTs for various web3 game and they are already off to a quick start! With the ability to rent NFTs from dozens of games, LootRush is building something that could only happen with the technology that comes with web3 gaming!…
Months after a US court handed Yuga Labs a hefty trademark-based legal victory that set NFT holders abuzz, questions have once again swirled around the precedent it set — and what it means for current holders and creators of top crypto collectibles. Another instance of Yuga Labs, the Miami-headquartered Web3 company that owns blue-chip NFT collections CryptoPunks and Bored Ape Yacht Club (BAYC), looking to enforce its intellectual property rights, has attracted industry attention. Tom Lehman, the creator of the Ethscriptions Protocol, which provides a mechanism to attach image files on-chain, tweeted last week that he had taken down Ethereum…
In the dreamlike land of Axie Infinity, a remarkable development has transpired, opening the imaginations of players across the globe. Marking a pioneering stride toward upward advancement, Axie Infinity dynamic NFTs are evolving the cute monster characters into lifelong allies and valued familial relics. Alongside the propelling of Axies as digital collectibles and usable entities that can evolve, grow and forge lasting relationships with their owners is the introduction of Axie Levels and Axie Experience Points (AXP). Axie Experience Points are live! Axies are now dynamic NFTs that can be improved with time, effort, and skill.This is the first step towards vertical progression and axie…
The old NFT business model is obsolete, Luca Netz says. The formula? “Create hype, tell a narrative, hope people believe that narrative, mint a collection, make an exorbitant amount of money for little to no effort on royalties,” according to the Pudgy Penguins CEO. Speaking to Blockworks on the Empire podcast (Spotify/Apple), Netz adds: “Pray that your floor price goes higher so you can release a secondary collection and make even more money.” “And then you can do a third collection. And hopefully, if God is on your side and the market is on your side, you could come out…
Web3 innovation studio VenturePunk is rolling out Prohibition, a Arbitrum-based generative art platform and marketplace. The inaugural collection for the platform is “Monospatial” by generative artist Emily Edelman, which features a series of generative non-fungible token (NFT) lettered designs. The collection will open for sale Tuesday afternoon with a supply of 100 tokens at a mint price of 0.05 ETH, or roughly $95 at press time. Backed by investors including Erick Calderon (aka Snowfro), CEO of generative art platform Art Blocks, and Devin Finzer, CEO of marketplace OpenSea, Prohibition allows any artist to create, mint and sell a generative art…
Opepen Edition non-fungible tokens (NFTs) have soared in floor price and trading volume due to the “For the Culture” campaign. The massive surge in NFT collection is seen as a case study for using storytelling in NFT marketing campaigns. The creativity in the Web3 and NFT space is beyond measure. And brands are coming up with ever more unique NFT marketing strategies that can ignite a sense of belonging among the community members. For The Culture The “For the Culture” campaign originated when NFT artist Jack Butcher launched an open edition collection, Opepen Threadition, to support the work of NFT…
The Sui Network has experienced a significant surge in daily transactions, largely attributed to the popularity of the tile-sliding puzzle game called Sui 8192. Launched in October 2022, the game has captivated users and recorded each move as a transaction on the Sui Network, signaling a new era for on-chain gaming.The Unique Gameplay of Sui 8192Sui 8192, a game reminiscent of the viral sensation 2048, combines addictive gameplay with the innovative use of blockchain technology. Each instance of the game mints a new object, similar to the concept of minting an NFT, and every move made by players is recorded as…
