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It seems that the new marketplace, Blur, has done it again. Recent data suggests that its lending platform, Blend, is poised to make an equally impressive impact. However, with great innovation comes great risk, especially when it comes to borrowing against NFTs.Since its launch a mere ten days ago, Blend has quickly carved out its space in the highly competitive crypto lending market. A staggering 51,656 ETH—equivalent to $95 million—has already been borrowed against digital collectibles. This rapid growth is reflected in over 3,000 individual loans opened on the platform.Blend NFT Lending ProtocolAs it currently stands, Blend supports loans backed…

Phantom Galaxies prepares a new airdrop for their NFT holders. This one consists of Catalyst NFTs, which owners can use to influence the trait generation in the upcoming Starfighter, Planet and Avatar mints! Phantom Galaxies will soon bring a new NFT airdrop to their players and supporters. This airdrop consists of Catalyst NFTs that will play a role in upcoming mints. Players will use Catalysts when minting Starfighters, Avatars, and Planets. All of these NFTs are generative, meaning that they will have some randomized traits when generated. However, players can influence these traits when minting by using a Phantom Catalyst.…

NFT Barbie maker Mattel has joined forces with women-led Web3 brand Boss Beauties to debut a line of on-chain virtual collectibles that celebrate the many careers undertaken by the iconic toy figure since the popular toy first launched in 1959. The collection, Boss Beauties x Barbie, features NFTs designed in Boss Beauties’ signature style that pay homage to the 250 careers of Barbie. The first drop will include artists, astronauts, CEOs, doctors, veterinarians, pilots, and more. The collectibles, which live on Flow, the NFT-focused blockchain behind NBA Top Shot, will go for $25 for a pack of four. They are…

NFT Earlier this year, the new marketplace Blur made waves in the NFT sector. Recent numbers suggest its lending platform could create a similar buzz. However, there are real and serious risks when borrowing against an NFT. Blur’s lending platform, Blend, has quickly gained popularity since its launch just ten days ago. According to data from Dune dashboard, users have already borrowed a staggering 51,656 ETH—equivalent to $95 million—against their digital collectibles. Impressively, over 3,000 individual loans have been opened on the platform thus far. Blend Supports Four Collections Blend currently supports loans backed by four NFT collections: Miladys, Azukis,…

Axie Origins pushes forward with a new season of their creature battling strategy game, bringing game updates, new rewards, and even the ability to upgrader starter Axies! With many improvements for new and lower ranked players, Axie Origins is focused on growing and maintaining their playerbase. The focus of season 4 of Axie Origins seems to be new player experience. With new starter runes and charms, quicker progression at lower ranks, and the ability to upgrader starter Axies! Axie Origins is still one of the most played games in the web3 gaming space. And their ongoing dedication to enhancing and…

NFT Alo Yoga, an apparel and accessories retailer with dozens of locations across several U.S. states, has rolled out an in-store NFT claim in collaboration with crypto payments firm MoonPay, letting brick-and-mortar customers receive free digital collectibles featuring “daily affirmations.” Launched for Mental Health Awareness Month in the United States, the in-store experience lets customers tap a smartphone against a terminal that reads “Tap for Mindfulness” at the checkout counter. The terminal is equipped with a near-field communication (NFC) chip that points customers towards a website and ultimately lets them claim a free daily NFT. The NFTs are built around…

Hold on to your horses folks, there’s more to NFTs than just pretty pictures, as Generative Dungeon has set out to prove. Through its ultimate utility, anyone can jump in and go dungeon crawling directly from the NFT.Despite launching a whole year and a half ago, Generative Dungeon has quietly built following of staunch Web3 enthusiasts. All safe in the knowledge that this cutting-edge collection of 3000 NFTs contains some of the best immersive NF-enter-T-ainment in town!Via the project, avid explorers can head to any of the 3000 NFTs in OpenSea and immediately dive into a unique ‘Generative Dungeon’ experience.…

NFT Digital mental health collective Peace Inside Live is releasing a wellness-inspired non-fungible token (NFT) collection to raise funds for mental health in the Web3 space. The company is teaming up with 11 partners, including alternative wellness advocate Deepak Chopra’s metaverse organization Seva.Love, TIME magazine’s Web3 arm TIMEPieces, crypto domain provider Unstoppable Domains, digital artist Adam Bomb Squad and NFT platform House of First, to release the JOMO Effect NFT collection in honor of May’s Mental Health awareness month. With over 40 creators contributing digital art works to the collection, the tokens are available to mint as an open-edition on…

Blockchain Flare Network (FLR), a Ripple-backed Ethereum Virtual Machine (EVM) protocol, has unveiled its latest partnership with multinational tech giant Google Cloud. As reported by the protocol, its API Portal is now integrated with the Google Cloud Marketplace, a move that allows anyone who uses Google Cloud can enjoy easy access to all of the API Portal’s current APIs via their existing Google Cloud account. With #Flare’s @APIPortal now integrated with @googlecloud Marketplace, anyone who uses Google Cloud can enjoy easy access to all of the API Portal’s current APIs via their existing Google Cloud account. 1/5 https://t.co/Cb2zhnNN4Q — Flare…

Blockchain Building blockchain-based applications tends to involve compromise at some point. Companies need to decide what to sacrifice — speed, cost, security and so forth — to achieve their particular priorities. A service may choose to build on a layer-1 blockchain like Solana over Ethereum for speed and cost advantages, but miss out on the network effect advantages of Ethereum. Alternatively, they might select a layer-2 rollup like Arbitrum or Optimism to stay in the Ethereum ecosystem, but give up some of the advantages of existing directly on a layer-1 solution. On a recent episode of the 0xResearch podcast, founder…