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NFT The creator of the Grumpy Cat meme has issued a cease-and-desist letter to Twitter user “SlumDOGE millionaire,” urging him to refrain from pushing a memecoin that potentially violates their intellectual property rights. An official letter was issued to Glauber Contessoto via NFT last week addressing promotion of a token named GrumpyCat, which it sees as engaging in clear and intentional infringements. The letter states Grumpy Cat Limited has neither authorized nor provided consent for the use of its trademarks in association with this particular cryptocurrency offering. In a tweet on Tuesday, the creator of the Grumpy Cat meme called…

Blockchain BNB Chain, a Layer 1 blockchain project associated with crypto exchange Binance, has seen a rise in transactions — its highest since last May — thanks to its lower fees and increasing adoption. The average number of transactions on BNB Chain hit 4.8 million on May 22 using a seven-day moving average — a level last seen in May 2022 — according to The Block’s Data Dashboard. BNB Chain is ranked number one by that metric, among other Ethereum Virtual Machine (EVM)-compatible blockchains, including Polygon and Avalanche. The rise of BNB Chain can be attributed to several factors, according…

NFT Blockchain analytics platform Nansen has announced the removal of Lido NFTs from its NFT Paradise service. Nansen’s NFT Paradise is a platform offering detailed analytics on the NFT market, helping users understand transactions, trends, and dynamics. Nansen’s decision was influenced by user votes following a recent mishap involving Lido, a decentralized finance (DeFi) platform. Lido’s staked withdrawal requests were mistakenly represented as NFTs, leading to an unexpected increase in NFT mint volume. Lido stated last month that users would receive NFTs as part of the deposit withdrawal procedure. Any time a user unstakes Ether, the decentralized finance protocol issues…

NFT The floor price of the Bored Ape Yacht Club (BAYC) has fallen by 64% since its high of May 1 last year. But what exactly is going on with the world’s most popular NFT collection? For starters, BAYC’s decline has coincided with an overall dip in the NFT market. However, all things considered, the collection actually held up pretty well compared to most other Ethereum-based NFT projects. Indeed, many massively-hyped projects, such as Mekaverse or Moonbirds, have endured spectacular crashes. Moonbirds, for example, is 90% down on its previous high. Meanwhile, the Bitcoin Ordinal market has been soaring and…

Blockchain The Russian computer programmer and founder of the leading blockchain platform Ethereum Vitalik Buterin declared via his official Twitter page the addition of the “real-time strategic game”, Slasha to IPFS. He asserted that he created the game in his pre-crypto days, in 2011. On May 23, Buterin shared the tweet citing a “totally random fun thing”: Totally random fun thing:I took a game I made in my pre-crypto days (back in 2011) and uploaded it to IPFS.Enjoy, and good luck beating the tutorial!https://t.co/6Jyp6CsR1c — vitalik.eth (@VitalikButerin) May 23, 2023 Buterin provided a brief description of the game, where the…

In only two years, BAYC has grown to be one of the most recognizable brands in any NFT collection. Being the “most lucrative” project in the NFT ecosystem, you will almost certainly be unable to purchase BAYC NFT for less than six figures throughout most of 2022. Nevertheless, “buy cheap, sell high” isn’t the only method to earn from the NFT ecosystem, which may surprise some (or not) since we can profit from IP via BAYC. Next, let’s look at some of the ways in which “Bored Ape” BAYC NFT holders may commercialize the IP. F&B Universe of Food Fighters…

Bitcoin NFTs have secured the second spot for NFT sales per blockchain, showcasing their growing prominence in the market. This achievement is particularly noteworthy, considering that Bitcoin NFTs were virtually non-existent until the emergence of Bitcoin Ordinals earlier this year.Over the past 30 days, Bitcoin NFTs recorded remarkable gross sales of $167 million. Although this amount is lower than Ethereum’s $397 million, it is noteworthy that Bitcoin’s NFT sales outshine those on the Solana network by almost threefold.The Role of Ordinals ProtocolOne of the key factors contributing to the rise of Bitcoin NFTs is the Ordinals Protocol. This mechanism enables the inclusion of…

Web3 game development is revolutionizing how we interact with games, making a solid impression on the expansive gaming industry. Blockchain-based game development platforms, such as Unity and Unreal Engine, are paving the way for developers to create engaging games that seamlessly interact with public blockchains.Read on as we look at the best game development engines with the potential to introduce Web3 gaming to the world.Web3 and Game EnginesA game engine is more than just a toolkit; it’s a creative space where developers can breathe life into their games. The innovation potential is vast, from integrating stunning visuals and realistic physics…

NFT Daehong Communications and Chainlink Labs collaborate to revolutionize Lotte Group’s NFT projects. Lotte Group introduces L.PASS NFT, prioritizing access to future projects. Chainlink’s Oracle solutions empower seamless connectivity for Web3 initiatives. Seoul, South Korea – Leading Korean advertising agency Daehong Communications has recently joined forces with Chainlink Labs, a major Web3 services platform Chainlink developer. This strategic partnership aims to support the Lotte Group, a renowned Korean conglomerate. This helps Lotte Group for its ambitious Web3 initiatives, particularly in non-fungible tokens (NFTs). Leading Korean advertising agency @Daehongofficial has entered into a partnership with @chainlinklabs.See how the partnership helps support…

Blockchain Namada and Osmosis collaboration: Enhancing privacy-focused blockchain through grants and partnership. Airdrop initiative: Token distribution to community members for engagement and broader adoption. Importance of privacy: Namada’s focus on confidentiality aligns with the growing demand for secure transactions. In anticipation of its mainnet launch, Namada, a privacy-focused blockchain platform, is making significant strides in establishing partnerships with various technology and token entities. One such partnership being proposed is a grants deal with Osmosis, a prominent blockchain platform. Namada plans to initiate an airdrop to distribute tokens to its community members. These initiatives are aimed at fostering growth, enhancing privacy,…