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Following a short delay, Yuga Labs has finally revealed it’s hotly anticipated HV-MTL (Heavy Metal) Evo1 NFTs. However, against the normal tide of the NFT big hitter, much of the community has been left underwhelmed by the project.Back in January, Yuga’s flagship project, the Bored Ape Yacht Club (BAYC) launched a mini game that saw competitors zoom through the sewers in search of a golden key lodged up a monkey’s anus. Despite only having one winner, Dookey Dash saw its 30k participants all receive a ‘Power Source’ NFT. Now however, as May 17 brought life to a fresh new day,…

NFT Avalaunch delivers its own created Peek NFT. It has been built to make it a product that encompasses a one-of-its-kind NFT marketplace and targets NFTs without utility. Peek NFT will be instrumental in changing the very way NFT trading is carried out. Subsequently, it will provide backing for creations developed on the Avalanche blockchain. The Peek NFT will play an active part where Avalanche is concerned about organizing NFT collections with a better positioning inside a more extensive ecosystem. These very NFTs will not be looked upon as simply collectibles but created to value further in terms of users…

NFT The article, written by three authors, laid out the prosecutors’ vision of the market risks and the following reasons to enforce it more actively. The authors pointed out that the trend of “securitization” of NFTs, which refers to the shared ownership of one copy by multiple users, no longer corresponds to the criteria of non-reproducibility, indivisibility, and uniqueness. They believe that this trend poses a great risk to the stability of the NFT market and needs to be addressed as soon as possible. In addition, the prosecutors expressed their concern about the “inflation of prices” on NFTs, which has…

NFT The Litecoin community has reason to celebrate as the Litecoin Ordinals have reached a milestone of 2 million inscriptions. This achievement was even more impressive as the platform added over a million inscriptions in less than a week without any issues! The Litecoin Foundation, a non-profit organization that supports the development and adoption of Litecoin, expressed their excitement over the milestone and tweeted, “Adding more than a million in less than a week.. without any issues. Fee and transaction times the same. business as usual.” The Litecoin Ordinals is a decentralized application built on the Litecoin blockchain that allows…

NFT The Supreme People’s Procuratorate of China, the country’s leading legal agency, issued a series of warnings and opinions on Monday about non-fungible tokens (NFTs), highlighting the risks posed by the country’s NFT markets, noting new legislation is needed for the emerging asset class, and stating NFTs share some attributes of virtual properties. See related article: China NFT platforms expand into Hong Kong in face of compliance risks on mainland Fast facts The current NFT market in China is in its early stages and lacks industry standards and government regulation, according to the commentary published in the Procuratorate Daily, the…

Iconic artist Kenny Schachter strikes again, pushing the boundaries of the creative space by launching a forthcoming NFT art game, Pop Principle. Joining forces with digital art hub Daata, Schachter has shaped this gamified project on-chain, merging traditional and digital artists in a playful battle of dominance starting on May 18. Bought to life as a response to resistance, conservatism, and a lack of acceptance in the traditional art world, Pop Principle is a unique competition that conflicts the existence between conventional art and artistic creations created on the blockchain. Marking the release of eight limited-edition digital assets, notable figures from the classic art milieu, Jerry…

The Fast & Furious franchise has been thrilling audiences with high-speed chases, epic heists, and a family-like bond between characters for over two decades. Now, this adrenaline-packed series is venturing into the world of NFTs in collaboration with Mattel. The renowned toymaker is launching a new digital collection that brings the franchise’s iconic vehicles into the blockchain era.The Collection DetailsMattel’s Fast & Furious collection provides fans with a new way to engage with their favorite cinematic cars. Each NFT in the collection represents a meticulously crafted digital model of a famous car from the franchise. From Dominic Toretto’s black Dodge Charger to Brian…

NFT Matt Sanders (a.k.a. M. Shadows) is the lead vocalist for heavy metal band Avenged Sevenfold. But he’s a lot more than just a famous metalhead: he’s also a gamer, a CryptoPunk, and one of the minds behind the band’s 2014 dungeon crawler PC role-playing game called Hail to the King: Deathbat. On the latest episode of Decrypt’s gm podcast, Sanders shared his perspective on video games that leverage crypto and NFTs—and took a strong stance against so-called “experts” rallying against Web3 technology. “I’m a gamer, so I understand digital goods,” he said of his early affinity for purely virtual…

Blockchain OpenAI recently leveled the playing field in the realm of artificial intelligence (AI) chatbots with a notable update to its ChatGPT model. What’s new? Internet connectivity. Previously, this was a distinct advantage held by Google’s Bard, but no longer. Last March, OpenAI unveiled the concept of ChatGPT plugins and said ChatGPT would be able to search the web. It set up a waitlist for users and developers interested in testing the feature. These features have now transitioned into beta for the GPT-4 model of ChatGPT, making them more widely available. The move appears to have been fast-tracked, likely in…

NFT Now you can enter the world of the Fast and Furious—and it won’t cost you the pink slip to your car. Timed alongside the release of the latest installment of the Fast & Furious film franchise, iconic toy maker Mattel is set to launch the newest edition of its Hot Wheels NFT Garage Series based on the global blockbuster series on May 22. The Hot Wheels NFT Garage x Fast & Furious collection will reside on the Flow Blockchain and feature cars from the movies, including Dominic Toretto’s 1970 Dodge Charger, Brian O’Conner’s 1969 Camero, and Suki’s (played by…