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The founder of Blur, a rival to OpenSea targeting savvy traders, came to the defense of the marketplace today amid a prolonged slump in NFT prices. Pacman, whose real name is Tieshun Roquerre, responded to Twitter chatter about whether Blur is to blame for killing the market. “We launched in October 22. Since then, some floor prices have gone up, some floor prices have gone down,” Pacman tweeted late on July 5. “One of the few times floor prices went up in concert was when we injected liquidity into nfts via our airdrop. One of the few times floor prices…

Entrepreneur Nicole Steel is on a mission to fuse old-world craftsmanship with Web3 technology, in an effort to fight against counterfeiting and onboard more people to blockchain by speaking their language. On Tuesday evening during Paris Haute Couture Week, she unveiled a collection of luxury connected cuffs for the Apple Watch—the latest product offering from La Maison Steel, the brand she founded in 2019. Her “born on blockchain” SmrtKuffs—which start at $290—range from entry-level leathers from French tanneries through exotics, all the way to a limited edition, made-to-order high jewelry version crafted by a Paris-based atelier. Another look at the…

The sphere of Web3 gaming is a fusion of cutting-edge digital technology and interactive entertainment. This article takes you on a tour of five noteworthy Web3 games in this evolving gaming industry. Leveraging blockchain technology, these platforms are reshaping traditional gaming concepts by offering true digital asset ownership, immersive gameplay, and dynamic online social interactions. Here are 5 Web3 games worth checking out.My Pet HooliganMy Pet Hooligan, is a free-to-play immersive open world where players have the liberty to explore, engage in combat, interact socially, and gather various items. The hooligans possess individualistic qualities that are certain to leave an…

The latest version introduces significant gas optimizations, reducing transaction costs by 50% for trades. This means users can now buy NFTs on Blur v2 while enjoying substantial savings in gas fees, amounting to approximately $16 per NFT purchase at current gas prices. In addition to gas optimizations, Blur v2 unveils the much-anticipated trait bidding functionality. Previously, users could only place collection bids, but now they have the flexibility to bid on specific traits such as mids, rares, or any desired attribute. While trait bidding is supported on all collections, it’s important to note that only select collections will earn trait…

Earnings from NFT royalties hit their lowest volume since 2021, according to crypto data firm Nansen. “OpenSea had been the dominant platform for distributing royalties to NFT projects until February 2023,” Nansen stated in a new report on NFT royalties. It added that the landshape shifted when Blur introduced requirements for royalties and OpenSea adapted its policies. NFT royalty data since September 2018. Image: Nansen “Currently, OpenSea and Blur are on par with each other when it comes to the royalties paid through their respective marketplaces, with more royalties paid on Blur when the trading volume surges,” it noted. While…

In just four months, starting from February 7, 2023, non-fungible token (NFT) sales on the Bitcoin blockchain have soared to $463.68 million. This growth has propelled the network to secure the second-highest number of monthly NFT sales consistently since then. However, despite this impressive ascent within the past four months, Bitcoin’s overall NFT sales figures still trail behind those of seven other blockchain networks. Bitcoin Blockchain Gains Momentum in NFT Sales, Ranks Eighth Among Leading Networks Ethereum has long reigned as the dominant force in NFT sales and continues to hold that title. Nevertheless, Bitcoin has been making impressive strides…

High flying darling of the Move-to-Earn world, Sweat Economy, has once again sprinted in to shake up the status quo. This time, launching the innovative ‘Sweat Hero’ dynamic NFT game that let’s everyone participate and earn for free!Unlike other platforms operating within the ever-growing move-to-earn market, Sweat Economy has always dared to be different. Instead of the traditional paywall, where users must purchase a costly NFT to participate, it has always maintained an open-to-all philosophy by leveraging a series of in-app promotions.Previously, those inclined to the practice of perambular exercise, could download the SweatCoin app, which would record the days…

Eligible users to claim, they will see a relevant banner at the top of the loan page. Quick update on the Azuki Flash Claim.@Azuki holders can now claim the Elementals Airdrop through the ParaSpace Flash Claim feature without redeeming the Azuki!If you are eligible to claim, you will see a banner on top of the lending page. pic.twitter.com/kAUn9Uwwsx — ParaSpace (@ParaSpace_NFT) July 5, 2023 Yesterday, ParaSpace announced its decision to temporarily suspend Azuki’s team, including deposits, withdrawals, and liquidations. This measure is intended to give users more time to replenish liquidity, repay debt and improve health. The decision was made…

The NFT market experienced a significant shock in the past three days, with over 1,200 NFTs being liquidated due to a record-low plunge in the floor price of several prominent or ‘blue-chip’ NFTs Data from the NFT analysis site, Snow Genesis, shows that hundreds of NFTs used as collateral for loans are at risk of being liquidated. While some of these debts have been repaid, several NFTs have already been listed for auction. The table below shows the most recent NFT liquidations from Snow Genesis as of press time. CirrusNFT, Wumbo Labs, noted that several investors who took loans on…

According to the @SeaLaunch_ data sheet, the number of ERC-6551 heterogeneous Token-bound accounts (TBAs) created spiked on July 4, reaching 701, a one-day record high. Currently, there are more than 1,500 accounts. On the same day, the number of ERC-6551 transactions also reached the second highest in history. Source: Dune At the moment, major NFTs using the ERC-6551 standard include The Managers and Sapienz. The floor price of Sapienz NFT has increased by more than 175% in the last 24, with a volume spike of more than 8000%, according to CryptoSlam. Source: CryptoSlam ERC-6551 is a new Ethereum standard that…