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NFT The market for Ethereum non-fungible tokens (NFT) is currently seeing an unwavering bullish trend. Recently, there has seemed to be a lot more activity, which clarifies that things are much better than previously thought. With a closing value of more than $231 million, the weekly trading volume has dramatically climbed. This was made possible by the fact that there were 154,000 traders who were in charge of carrying out 474,000 transactions. A single trader executed 3.1 trades on average, with an average volume of $487. These very encouraging figures are the biggest proof that the NFTs, which are digital…

Gala Games caused a frenzy this week after announcing an exciting NFT partnership with Dwayne ‘The Rock’ Johnson and Mark Wahlberg. Soon enough, their native token, GALA, doubled in value (although the team says the surge isn’t related to the collaboration). However, things took a turn when the platform deleted its announcement on Twitter. As many fans are wondering whether the collab is happening, we are here to clarify everything: $GALA Hollywood Icons Partnership: What Do We Know? On Monday, Gala Games took to Twitter to announce a fantastic collaboration with The Rock and Mark Wahlberg. Initially, the team shared…

Bankrupt crypto lending firm BlockFi reportedly has plans to sell off $160 million in loans backed by around 68,000 Bitcoin mining machines as part of bankruptcy proceedings.In a Bloomberg report on Jan. 24, two people “familiar with the matter” claimed that BlockFi started the process of selling off the loans last year.The crypto lender filed for Chapter 11 bankruptcy in November, citing its significant exposure to the now-defunct crypto exchange FTX for its downfall.However, some of these loans have already defaulted since then and could be undercollateralized given the decline in the price of Bitcoin mining equipment, according to the sources, adding the…

Porsche criticized for ‘low effort’ NFTs, ends mint earlyCar manufacturer Porsche had to cut short a nonfungible token (NFT) mint of its famous white 911 model only two days after the public mint started, saying its “holders have spoken.” The Jan. 23 launch was seen by some as a huge flop for Porsche with just 2,040 of the 7,500 NFTs available having been sold at the time of writing. Our holders have spoken. We’re going to cut our supply and stop the mint to move forward with creating the best experience for an exclusive community. More info in the next…

K-Pop sensations LIGHTSUM and fashion maestro Victor Weinsanto, along with Brand New Vision (BNV), announce the launch of M3TALOVE. a dedicated fashion-centric metaverse. Brand New Vision is a top-notch fashion metaverse marketplace. Further, the collaboration was first announced at Paris Fashion Week in September 2022. Read on to learn more about this glamorous project. What is M3TALOVE by LIGHTSUM? Victor Weinsanto graced Paris Fashion Week last year, and an added X factor to his lineup was the launch of his digital wearable collection. The Jean Paul Gaultier protégé has developed eight virtual designs for K-Pop girl group Lightsum. Moreover, this…

A new FPS enters the web3 arena, as FORA launches their first beta. This free to play FPS is still open to adding new beta testers and the team is interested in hearing feedback from their players. The number of web3-enabled, FPS games continues to grow. One of the latest additions is FORA, a free to play FPS will the stated goal of becoming the ‘Fortnite of web3’. Interestingly, the team was originally planning to build Forgotten Worlds, a large scale MMO. But, they decided that their MMO vision was too massive for the current playerbase, so they pivoted into…

The approach to crypto regulatory enforcement by the United States Securities and Exchange Commission (SEC) has stalled the advancement of Bitcoin (BTC) in the country, according to the CEO of Grayscale Investments.In a letter published in The Wall Street Journal on Jan. 23, the chief of the cryptocurrency asset management firm, Michael Sonnenshein, said he agreed with an assertion that the SEC was “late to the game” regarding crypto regulation and preventing the bankruptcy of FTX, adding:“‘Late’ doesn’t capture what transpired here. The problem is the Securities and Exchange Commission’s one-dimensional approach of regulation by enforcement.”Grayscale is currently suiting the…

The popular digital wearables brand DressX teamed up with Dundas for its second drop with Roblox, one of the most popular metaverses to date. Accordingly, the new collection is inspired by top celebrity looks with trendy ’90s style influences. The best part? These hyper-realistic clothing items fit any avatar measures, so prepare your digital wallet ’cause it’s shopping time! The iconic Hollywood fashion brand Dundas joins forces with DressX again for a celebrity-inspired drop via Roblox! What does the new DressX and Dundas’ Roblox Collection Look Like? If you’re into Beyonce’s Grammy Awards looks or the ’90s fashion, ‘The DressX…

NFT Finding a decent bathroom amid the chaos and revelry of Mardi Gras can be tricky. But this year, when you gotta go, at least one venue in New Orleans will be happy to let you use theirs—if you have the NFT pass. Several perks offered as part of a new Mardi Gras-themed NFT collection coming later this week from New Orleans-based Web3 venture studio NieuxCo include food and drink as well as access to special events, private parties, exclusive performances, and restrooms along the parade route. “Nieux Society members used this cutting-edge technology to create a collective vision for…

The Federal Bureau of Investigation (FBI) has confirmed the Lazarus Group and APT38 as the culprits behind the $100 million Harmony Bridge Hack from June. The North Korea-linked cyber group had long been suspected of being behind the attack but their involvement hadn’t been confirmed by authorities until now. According to a Jan. 23 statement, the FBI noted that “through our investigation, we were able to confirm that the Lazarus Group and APT38, cyber actors associated with the DPRK, are responsible for the theft of $100 million of virtual currency from Harmony’s Horizon bridge.” The Harmony Bridge hack in 2022…