NFT Evening

يتضمن الظهور الأول المثير لـ NFT لـ Power of Women هدية خاصة: "The Mother & Child" للكاتبة Leah ابراهيم سامز وفنانة الذكاء الاصطناعي الشهيرة Lilyillo. هذه المقتنيات مستوحاة من أمهات مبدعيها، مما يجعلها هدية مثالية لعيد الأم!

تظهر لعبة Power of Women لأول مرة على ساحة NFT مع انخفاض عيد الأم. "الأم والطفل": ما الذي يجب أن تعرفه عن هدية عيد الأم؟

يحتفل مشروع NFT الجديد Power of Women بعيد الأم هذا بإسقاط رائع على Tezos blockchain. تسلط المقتنيتان ضوءًا جديدًا على الرابطة الفريدة بين الأمهات وأطفالهن، مما يلهم الراحة والدفء والحب النقي.

Digital mental health collective Peace Inside Live launches their latest initiative — “The JOMO Effect” – an extraordinary NFT collection inspired by wellness. This avant-garde venture aims to raise funds for mental health while captivating the attention of enthusiasts in the digital realm.

JOMO Effect: Linking NFTs To Mental Health

Crafted by over 40 visionary creators, the JOMO Effect NFT collection offers open-edition tokens. These assets are available for minting exclusively on Polygon through the Magic Eden. For a limited time of 24 hours, collectors can secure these exceptional pieces of digital artistry for 24 MATIC (~$21). However, before the public minting commences, a three-hour window opens for enthusiasts to join the coveted “Joy List” (allow list). Moreover, the Joy List entrants mint the tokens at a reduced rate of 20 MATIC (~$18).

It combines a stellar lineup of 11 partners. This includes the esteemed metaverse organization Seva.Love led by alternative wellness advocate Deepak Chopra. It also includes TIME magazine’s Web3 division TIMEPieces, renowned crypto domain provider Unstoppable Domains, prodigious digital artist Adam Bomb Squad, and cutting-edge NFT platform House of First. Peace Inside Live is primed to unveil the highly anticipated JOMO Effect NFT collection. This groundbreaking release coincides with Mental Health awareness month in May. This further signifies the collective’s dedication to destigmatizing and prioritizing mental well-being.

What sets the JOMO Effect NFT collection apart is its commitment to giving back. With each minted NFT, a percentage of the primary sale profits is donated to five commendable mental health charities. This includes the esteemed American Foundation for Suicide Prevention. But the perks don’t end there. Collectors have the opportunity to immerse themselves further in this transformative experience. They gain access to Deepak Chopra’s transformative Soul of Leadership course, exclusive Peace Inside Live meditations and mindfulness materials, and a generous 30% discount for Unstoppable Domains, among other enticing offers.

What Is JOMO?

At the heart of this visionary collection lies the concept of JOMO—an exhilarating counterbalance to the pervasive FOMO, or “fear of missing out.” JOMO, or the “joy of missing out,” has emerged as a prominent theme within the Web3 space. As collectors feverishly plunge into various collections and events, striving to be omnipresent in the NFT realm and capitalize on every opportunity, JOMO presents a refreshing perspective. It encourages individuals to revel in the blissful state of embracing what truly matters. It also gears them to find fulfillment in the present moment.

Shira Lazar, co-founder of Peace Inside Live, envisions the JOMO Effect NFT collection as a catalyst for conversations surrounding the crucial importance of mental health within Web3. This audacious endeavor not only empowers collectors to make a profound impact on the greater community but also allows them to embark on a personal journey of self-discovery and well-being. Deepak Chopra, an unwavering advocate for mindfulness, expressed his belief in the necessity of promoting mental health within the expanding Web3 landscape. In a press release, he emphasized the potential of Web3 as a transformative space that calls for concerted efforts in nurturing mental well-being amidst its rapid evolution.

The post Have FOMO? Change that to JOMO with Mental Health NFTs! appeared first on NFT Evening.

NFTs & Taxes giving you headaches? We’ve got some news for you! In a bold move to combat tax-related criminal activities, the E.U. has unleashed its Digital Finance Package proposal, DAC8, which sets forth a groundbreaking recommendation for crypto asset service providers.

The proposal demands that these providers disclose their clients’ transactions, shining a spotlight on tax evasion practices. The E.U. seeks to tighten regulations on cryptocurrencies, harmonizing them with the tried-and-true principles of traditional financial services.

DAC8: How It Helps Governments & NFT Tax Laws

The DAC8 amendment, an integral part of the E.U.’s grand vision, mandates that companies serving E.U. clients register within the bloc and dutifully report digital assets to tax authorities. This includes cryptocurrencies and select NFTs.

This proactive approach also aligns with the commendable efforts of the Organization for Economic Cooperation and Development (OECD). The E.U.’s resolute proposal, DAC8, resonates with the mission to combat tax-related crimes. It also underscores the need for crypto asset service providers to report client transactions. With resounding support from ambassadors, this revolutionary amendment may be enforced even before the Crypto-Asset Reporting Framework (CARF). This releases early 2026, pending approval from the Council of Economic and Financial Affairs.

Support For Crypto Tax Laws From The E.U.

The director of the commission’s illustrious tax department, the esteemed Benjamin Angel, took to social media to share the exciting news of unanimous support for the DAC8 amendment. This groundbreaking amendment, introduced in December 2020, has recently garnered overwhelming backing from E.U. ambassadors. Moreover, unanimous support was expressed in anticipation of the forthcoming meeting for economic and finance ministers. This meeting transpires in Belgium on May 16.

The proposal was initially subject to potential veto by any of the E.U.’s 27 member countries that compose the illustrious E.U. council. But the discussions surrounding the bills are held behind closed doors. Which leaves the public eagerly awaiting the publication of the agreed-upon text.

Recent news reports also provide a glimmer of hope, revealing that the member states of the E.U. have unanimously rallied behind the new rules. These rules empower tax authorities to exchange vital data regarding traders’ cryptocurrency holdings. This in turn fosters an environment of collaboration and transparency. This unanimous support signifies that formal agreement on this progressive legislation is imminent. This also brings in a new era of tax compliance within the realm of crypto.

The post NFT and Crypto Tax Proposal Progresses in the EU appeared first on NFT Evening.

أعطى إيلون ماسك، الرئيس التنفيذي لشركة تويتر، دفعة كبيرة لرمز غير قابل للاستبدال (NFT) محدد يوم الأربعاء. غرد ماسك بميم يظهر فيه رمز NFT Milady، مما تسبب في ارتفاع شعبيته. تقول الرسالة الموجودة في الصورة، "لا يوجد ميم. أنا أحبك". ونتيجة لهذا، ارتفعت مبيعات NFT Milady بنسبة 500٪ في آخر 24 ساعة، وفقًا لما أوردته NFT Price Floor. دعونا نلقي نظرة عن كثب!

أعلنت شركة OpenSea عن ارتفاع مبيعات NFT بعد تغريدة Elon Musk حول Milady. وصلت مجموعة Milady NFT إلى أعلى مستوى لها على الإطلاق بعد تغريدة Elon Musk

تقدمت هيئة الإذاعة البريطانية BBC بطلب تسجيل علامة تجارية لشعار Doctor Who، مما يشير إلى دخولها إلى مجال NFT وWeb3. قد تؤدي هذه الخطوة إلى إطلاق مقتنيات رقمية، فضلاً عن خطوة محتملة في metaverse. ومن الجدير بالذكر أن محبي سلسلة الخيال العلمي الشهيرة يمكنهم توقع حقبة جديدة ومثيرة في قاعدة معجبي Doctor Who. دعنا نغوص!

من الزمان والمكان إلى تقنية البلوك تشين: حدود NFT الجديدة لـ Doctor Who. الصورة: مركز سانت لويس للعلوم. طلب ​​العلامة التجارية لـ BBC لشعار Doctor Who يشير إلى إطلاق NFT

يستكشف برنامج "ذا فويس" التلفزيوني الشهير عالم الميتافيرس. سيطلق المنتجون يوم الجمعة 12 مايو "ذا فويس ستوديوز"، وهي منصة تفاعلية. ستقدم تجارب جديدة للمعجبين، مثل تأليف الموسيقى، والتفاخر بحركات الرقص، والتنافس في المعارك، وحتى اختبار الأداء للمواسم المستقبلية.

سيتمكن المعجبون من تجربة تجارب مختلفة في عالم "The Voice". ما هو عالم "The Voice"؟

تعاونت شركة ITV Studios مع شركة Virtual Brand Group (VBG) المطورة لـ Metaverse لإنشاء "The Voice Studios". تم إطلاق البرنامج في توقيت يتزامن مع الأسابيع الأخيرة من الموسم الثالث والعشرين من "The Voice" على NBC. برنامج الواقع الشهير عالميًا، والذي يتم بثه حاليًا في 148 إصدارًا مختلفًا. لديه الآن طموح لتحويل تجربة المعجبين في هذا العالم الافتراضي، الذي يذكرنا بـ Roblox.

تعاونت Ledger مع Ambush، علامة الأزياء المبتكرة التي أسسها الثنائي Yoon وVerbal. وقد كشفا معًا للتو عن علبة معدنية سائلة مصممة خصيصًا لـ Ledger Stax الجديدة. ومن المقرر إطلاقها في خريف/شتاء 2023. دعونا نتعمق في الجوانب المثيرة للاهتمام لهذا المنتج القادم.

إن حافظة ليدجر الجديدة تذكرنا بقطرة ماء. كيف تبدو حافظة ليدجر هذه؟

تذكّرنا حافظة Ledger هذه بقطرة ماء. فهي تحمي جهاز Ledger Stax، الجهاز الجديد الذي ابتكره توني فاديل، الرجل الذي ابتكر جهاز iPod.

رحبت مجموعة شركات ميتافيرس اللامركزية OMA3 بمنصة Web3 جديدة في مجلس إدارتها: Unstoppable Domains. معًا، تهدف الشركتان الآن إلى تسهيل تجربة المستخدمين في تداول الأراضي في ميتافيرس، بما في ذلك الأسواق المخصصة الجديدة. وباعتبارها علامة تجارية رائدة في مجال هوية الويب 3، تخطط Unstoppable Domains لتحسين وتوضيح الهوية الرقمية للمستخدمين في قطاع blockchain.

انضمت Unstoppable Domains إلى OMA3 في رحلتها لإنشاء عالم افتراضي لامركزي، بما في ذلك إمكانية التشغيل البيني لـ metaverse. كيف تدعم OMA3 عالم افتراضي لامركزي مستقبلي؟

The Sandbox made a gigantic step forward toward mainstream adoption of the metaverse this week. The decentralized virtual world is partnering with Affyn, a Singapore-based game development and metaverse company, to bridge the two ecosystems. What do we know about the collaboration between The Sandbox and Affyn?

The Sandbox and Affyn are working together to create a more open metaverse Image Credit: Cryptowisser What does The Sandbox partnering with Affyn mean for the metaverse?

As it currently stands, different metaverses operate as separate, unique silos. For the most part, players in one metaverse cannot interact with players in another metaverse. This hurdle is a huge impediment to the industry’s growth

After all, Metcalfe’s Law dictates that the value of any given network grows exponentially with its number of nodes. By allowing different metaverses, or nodes, to interoperate with one another, the full power of Metcalfe’s Law can finally be realized and help the metaverse become a bigger part of our lives.

The Sandbox and Affyn realize this opportunity.  As a result, they have decided to work with one another to achieve a new open metaverse era in which different ecosystems can co-exist in one digital space. In the process, the two companies hope to create a first-of-its-kind metaverse experience for their users.

The Sandbox and Affyn envision a metaverse full of bridges, not walls Image Credit: The Sandbox What do the two Web3 companies have to say about their shared vision?

Lucaz Lee, CEO and co-founder of Affyn stated, “We couldn’t be more excited to unveil our partnership with The Sandbox. Our shared belief and vision of an open metaverse is the driving force behind this collaboration. We’re confident it will provide gamers, collaborators and virtual world enthusiasts with an even more immersive and interactive experience.”

George Wong, the Head of Singapore Sandbox, added, “We’re excited to see more platforms embracing interoperability as a choice rather than working in independent silos and we hope that this brings forth more creative opportunities and exciting use cases to collaboratively grow the metaverse experience.”

Affyn is set to reveal additional details about the partnership during the company’s upcoming keynote event today.  Metaverse fans are sure to be excited by the news and step closer towards a true, decentralized open metaverse.

The post The Sandbox Partners With Affyn to Enhance the Open Metaverse appeared first on NFT Evening.

Reports of the metaverse’s death have been greatly exaggerated, jokes Epic Games CEO Tim Sweeney. The gaming titan took to Twitter recently to respond to a Business Insider story about the supposed failure of the metaverse. Why does Tim Sweeney think the metaverse isn’t dead?

Epic Games CEO Tim Sweeney laughed at FUD leveled against the metaverse Image Credit: Esports Why did the Epic Games CEO laugh about the death of the metaverse?

Business Insider tweeted a story titled, “RIP metaverse, we hardly knew yet.” The sub-title then states that Mark Zuckerberg’s attempt to rebrand Facebook into the metaverse-focused Meta has been a failure. To emphasize the point, they described the company’s metaverse initiative as being sent “to the graveyard” in favor of AI.

Sweeney then quote retweeted it, writing, “The metaverse is dead! Let’s organize an online wake so that we 600,000,000 monthly active users in Fortnite, Minecraft, Roblox, PUBG Mobile, Sandbox, and VRChat can mourn its passing together in real-time 3D.”

Clearly, the tech CEO did not agree with Business Insiders’ opinion. This isn’t surprising given that Epic Game’s most popular game Fortnite averages over 25m daily players. While the game doesn’t require VR googles to play, Sweeney still believes people going online daily to interact as digital communities qualifies as an early form of the metaverse. Furthermore, Sweeney believes games like Roblox, Minecraft, and Fortnite have already built successful metaverses. They are digital worlds in which millions of people spend hours of their days, after all. Just because people don’t wear VR goggles to play them, Sweeney reasons doesn’t make them any less of a shared digital metaverse experience. One day, perhaps through the usage of blockchain technology, these games will be interoperable. As it stands now, each game exists in its own silo and players cannot jump from game to game using the same avatar. Soon, many believe, players from different games will be able to interact with each in a shared digital space. The metaverse is dead? Tell that to Roblox’s 67m daily users Image Credit: Roblox What happened with Facebook’s rebrand to Meta? Mark Zuckerberg, the CEO of Meta and founder of Facebook, made a stunning announcement in 2021. The company would be rebranding itself to a metaverse company. Zuckerberg believes that the metaverse would be the next evolution in social media usage, taking people from Web 2.0 platforms and throwing them together in virtual reality digital spaces. To hammer this point home, he even renamed Facebook to Meta. The move backfired horribly. Meta’s metaverse division Reality Labs lost $22b in 2022 and has already lost $4b in 2023. As a result, Meta’s stock price is down 44% from its all-time high in 2021. The company was also forced to lay off tens of thousands of employees after aggressively hiring in 2021. Since then, Zuckerberg pivoted away from the disastrous decision to focus on the metaverse. He stopped emphasizing it on stockholder calls, instead focusing more on the hot technology of the day– AI. Meta is still developing their metaverse plans, however. This time, Zuckerberg refers to it as a “long-term” play and admits it will continue to lose money into the near future. Whether or not Meta’s vision of the metaverse is ever successful remains in doubt. The idea that the metaverse itself is dead, people like Tim Sweeney believe, is more of a joke than a reality.

The post Is the Metaverse Dead? Epic Games CEO Tim Sweeney Doesn’t Think So! appeared first on NFT Evening.

يبدأ قسم الأحداث التابع لشركة Warner Bros. Discovery Sports (WBD Sports) في الظهور لأول مرة في سوق NFT! ومن الجدير بالذكر أنه يطلق مجموعات حصرية للرياضات التي يروج لها. يمكن للمشجعين الآن إنشاء مجموعتهم الخاصة من الأصول الرقمية والاحتفال برياضاتهم المفضلة باستخدام NFTs فريدة من نوعها. دعنا نتعمق!

WBD Sports تمهد الطريق لتقنية Web3 WBD Sports تدخل لعبة NFT: يمكن للمشجعين الآن جمع أصول رقمية فريدة من رياضاتهم المفضلة!

يُطلق قسم الأحداث في WBD Sports أول مجموعة NFT على الإطلاق! وبشكل ملحوظ، يمنح هذا القسم المشجعين فرصة لإنشاء أصول رقمية فريدة والاحتفال برياضاتهم المفضلة. تهدف الأصول الرقمية إلى زيادة شعبية الأحداث بين الجماهير والمجتمعات الرقمية المختلفة. مع أول تجربة من تجربة metaverse في عام 2022، تمضي WBD Sports قدمًا في خارطة الطريق الخاصة بها لتطبيق تقنية Web3 على السلسلة المملوكة لها والمروجة لها.

أعلن الفنان البريطاني الشهير أنتوني جيمس والمقيم في لوس أنجلوس عن تعاون رائد مع معرض الأصول الرقمية (GODA) لإنشاء سلسلة من NFTs باستخدام الأشكال الهندسية المقدسة. دعونا نحفر في هذا المشروع الجديد!

عمل فني للفنان البريطاني أنتوني جيمس. ما هي NFTs "المواد الصلبة الأفلاطونية"؟

بالشراكة مع GODA، يقوم جيمس بإعادة النظر في "المواد الصلبة الأفلاطونية" الخمسة. تلك أشكال هندسية مقدسة تجسد قوى العناصر. 

من الأشكال العشرونية الوجوه ذات الإطارات الذهبية والمكهربة بالضوء الأبيض فوق المناظر البحرية النارية إلى المكعبات ذات الإطارات الفولاذية المضاءة بمصابيح LED متدرجة مقابل المناظر الطبيعية الصحراوية الواضحة، لم يكتف جيمس بتحريك هذه الأشكال المميزة فحسب، بل قام أيضًا "بإضفاء طابع اللعب" عليها.

Bitcoin Ordinals are coming to Binance. The world’s premier cryptocurrency exchange declared that from late May, its NFT marketplace will begin supporting Ordinals. Let’s explore what that implies for the users. 

What does this change for Binance customers?

This development means that Binance customers will have the ability to trade Ordinals directly. In fact, it eliminates the need for a separate Bitcoin wallet, as outlined in the company’s statement.

Binance’s Head of Product, Mayur Kamat, voiced his enthusiasm for this new development, stating, “Bitcoin is the OG of crypto. We are super excited to bring Bitcoin Ordinals to Binance NFT.”

Since the inception of Bitcoin ordinals in December 2022, over five million have been minted. That generated a staggering total of 996.23 BTC (around $27.6 million) in transaction fees, according to data from The Block Research.

This growth has seen the emergence of several inscriptions marketplaces such as Ordswap, Ordinals Market, and Ordinals Wallet. Even Magic Eden, the largest Solana NFT marketplace, has jumped on the bandwagon, launching an inscriptions marketplace in March.

Did Bitcoin Ordinals congested the platform?

Binance’s announcement comes on the heels of a temporary pause in Bitcoin withdrawals. The platform attributed the outage to network congestion, while its competitors remained fully operational. Interestingly, this pause coincided with a period of soaring Bitcoin transaction fees and a severely backlogged network mempool, where transactions queue for verification.

The crypto community speculated that transactions involving BRC-20 tokens were causing the congestion. These tokens, constructed and traded using Ordinals, are coins built on top of Bitcoin using text-based inscriptions.

Unlike the image-based inscriptions common in traditional NFTs, these tokens represent a shift in the NFT market dynamics.

Despite the existing version of Binance’s Bitcoin NFT marketplace not supporting BRC-20 tokens, the landscape is evolving rapidly. In recent weeks, image-based inscriptions have been overshadowed by these new Bitcoin-based tokens and text-based inscriptions.

This shift indicates a preference for text-based inscriptions, further validating Binance’s strategic move to support Ordinals and solidifying its position at the forefront of the ever-evolving crypto market.

The post Bitcoin Ordinals Come to Binance NFT Marketplace appeared first on NFT Evening.

Get ready for a new NFT anime series! Excitingly, Hollywood actors Rosario Dawson and Tony Revolori will star in the series, Ghosts of Ruin. Gala Film, the entertainment division of Web3 startup Gala Games, is producing the show. Furthermore, NFT holders will have access to an exclusive premiere. Following this, Gala Film will market the pilot episode of the anime show to streaming services. Let’s dive in!

Be a part of the action with Ghosts of Ruin’s NFTs, granting exclusive access to the epic anime adventure. Enter the NFT anime world with Ghosts of Ruin, Gala Film’s latest venture!

Gala Film’s newest project, Ghosts of Ruin, aims to be an epic NFT anime adventure! In the series, viewers will follow a group of gamers as they embark on a dangerous journey through a dystopian San Francisco. Here, games are no longer just a pastime. Instead, they’re plugged directly into players’ minds and impossible to distinguish from reality.

Moreover, the upcoming NFT anime series will include original music from Hans Zimmer’s Bleeding Fingers collective. Rosario Dawson, who played Ahsoka Tano in multiple Disney+ series, will voice Prism, a competitive gamer determined to win the tournament. On the other hand, Tony Revolori, who starred in The Grand Budapest Hotel and Marvel’s Spider-Man franchise, will voice the protagonist Lee, a small-time gamer who enters the tournament at the last minute.

In August, the pilot episode of NFT anime series, Ghosts of Ruin, will debut on Gala’s platform. Specialized NFTs sold to fund the production of the show will exclusively grant access. Gala Film’s have arranged the NFTs in four tiers, each offering varying degrees of immersive access to the series. At the most basic tier, called “The Coder,” holders will be able to access the show, exclusive content, and other digital collectibles for $250 worth of GALA tokens. The highest tier, “The Board Member,” is the rarest NFT. Holders of this NFT are involved in the anime show’s production as a character or contributor. Significantly, Gala sold 45 of these passes for $2,500 worth of GALA each.

Ultimately, the NFT anime series promises to be a thrilling ride, featuring top-notch animation and a star-studded cast that is sure to captivate audiences.

The post Ghosts of Ruin: the Dystopian NFT Anime Series Featuring Rosario Dawson and Tony Revolori appeared first on NFT Evening.

Votes are pouring in for the Doodle Watch election. This vote will elect two community members to serve as liaisons between the project’s Community Council and the rest of the Doodles community. What else do we know about the Doodles Watch?

Who will watch the watchers? The Doodles Watch will Image Credit: Doodles What is the Doodles Watch?

Doodles formed the Doodles Watch to help its newly-elected five-person Community Council. The Community Council was first created in response to criticism about a lack of clarity on the project’s direction. Doodles holders demanded increased transparency after a rough stretch of “building in silence“, and as a result, the Community Council was then born. The council’s mission is to salvage enthusiasm for the 2021 project and correct some of the negative sentiment that has built up between the team and holders.

The Doodles Watch is a two-person team with three main objectives:

Establish the community oversight over the Community Council

Develop a feeder program for future Community Council positions

Ensure the community’s voice is heard in council meetings

In a sense, they provide quality control over the Community Council and make sure that the five-person group is working in the community’s best interest.

The Doodles Watch will help support the Community Council What are the Doodles Watch responsibilities?

The two-person team will have a handful of duties. These include:

Attend Community Council meetings and take notes

Ensure the mission and values of Doodles are being upheld

Communicate the council’s progress to the broader Doodles community

Even though they will not have voting power, the Doodles Watch members should expect to participate actively in the discourse at meetings. Furthermore, if they perform their duties well, there is an increased possibility of joining in the Community Council itself in the future.

The vote will run from May 8 – May 20. Additionally, each Doodle NFT will be able to vote one time. The term for the position runs for three months and also pays $6,000 as compensation.

The post Doodle Watch Voting is Underway – Cast Your Votes! appeared first on NFT Evening.

تتدفق الأموال الذكية إلى سوق Sui NFT. أطلقت تقنية Layer 1 blockchain الجديدة شبكتها الرئيسية الأسبوع الماضي ولديها بالفعل مشهد NFT نابض بالحياة. ماذا نعرف عن NFTs على Sui؟

تم وصف Sui بأنه قاتل Solana، هل يمتلك Sui ما يلزم ليكون ذا صلة بـ NFTs؟ حقوق الصورة: Boxmining ماذا نعرف عن Sui NFTs؟

وقد وصف المضاربون سوي بأنه "قاتل سولانا" المحتمل. لديها معاملات سريعة ورسوم منخفضة مماثلة لـ Solana، ولكن يبقى أن نرى ما إذا كان هذا سيكون كافيًا لتأسيس SUI كأفضل blockchain لـ NFTs. بعد كل شيء، بدأ كل من Aptos وNear بقوة ولكن سرعان ما فقدا أهميتهما بعد أن تلاشت الضجة الأولية لهما.

Dynamic NFTs are the key to unlocking the full potential of Web3. Unlike traditional tokens, dynamic NFTs or “dNFTs” change over time based on external conditions. This ability has created many compelling new use cases for digital assets and is changing the way we think about NFT technology.

Dynamic NFTs are “living” tokens. They respond to outside triggers such as price fluctuations, user behavior, time, weather, etc. These moving data points can be used to update the metadata of dNFTs, thereby allowing them to transform over time to evolve along with the world around them.

Imagine, for instance, an NFT that represents a social media account. With dNFTs, this NFT could change color, gain some kind of flair, or take on some other characteristic to show your ranking on the social media app as evidenced by likes, reposts, comments, etc. This “ranking” could then theoretically unlock token-gated dAPPs, websites, or digital experiences reserved for popular influencers.

Alternatively, this ranked-up dNFT could also be sold at a premium price versus an unranked version. Through NFT marketplaces, buyers and sellers would be able to trade these accounts with much greater fluidity than previously possible.

This possibility is just one application, however. In order to fully understand the potential of dNFTs, one must first know how they work. Furthermore, how does Chainlink’s oracle technology help dynamic NFTs function? How do people even make dynamic NFTs? And overall, what are dynamic NFTs and how do dNFTs differ from traditional NFTs?

By reading this guide, you will gain an understanding of how dNFTs are already changing how we view and utilize NFTs. More importantly, we’ll also take a look at how dNFTs will have an even greater impact on our future.

Dynamic NFTs are the missing ingredient to unlocking Web3’s full potential Image Credit: Analytics Insight What is a Dynamic NFT?

Dynamic NFTs are a subcategory of NFTs encoded with editable smart contract logic. This feature allows them to change their metadata based on outside events. As a result of the metadata changing, the token itself changes too. This utility opens up an entire world of possible use cases that were previously impossible with traditional NFTs.

dNFTs offer an innovative new way for artists to combine programming and artwork Image Credit: Shaan Ray How do dNFTs Work?

Like normal NFTs, dNFTS use blockchain technology to establish verifiable and immutable records of ownership and authenticity. When someone creates a dNFT, they set rules for how the NFT can change and which outside events to track. These rules are stored in the code itself.

Dynamic NFTs transform through the use of smart contracts. Smart contracts are self-executing programs that automate certain functions. They can be used to alter the appearance or behavior of a dNFT depending on information received from an outside oracle.

Oracles are hybrid smart contracts that connect blockchains to external systems. This connection allows an oracle’s smart contract to execute based on real-world data. These oracles are the key to letting Web3 dApps and protocols interact with legacy technology.

Oracles function by taking information from real-world APIs and then sending it to smart contracts. The smart contract then executes its programming and changes the dNFT’s metadata. By changing the token’s metadata, its characteristics and appearance are updated.

In summary, dNFTs use oracles to take in data from outside sources. Then, the oracle interprets the data and dictates changes to the dNFT’s metadata. Finally, the dNFT changes its appearance or behavior to align with the new information.

Dynamic NFTs are the bridge between Web3 and the real world Image Credit: Chainlink What’s the Difference Between Traditional and Dynamic NFTs?

Traditional NFTs are static and cannot change once minted. Dynamic NFTs, on the other hand, are programmed to transform based on outside inputs.

The differences between traditional NFTs and dynamic NFTs lend themselves to different use cases. Traditional NFTs are better suited for situations in which the user would prefer the asset doesn’t change. This immutability offers increased security and peace of mind– there’s no chance of a traditional NFT changing after purchase.

This approach would be preferable for something like an alien CryptoPunk. A buyer would want the NFT based on its rarity and provenance, and definitely would not want it to change at all.

Dynamic NFTs are a much better choice for more interactive projects. Using dNFTs for gaming, for example, would allow players to update characters after completing challenges. Basically, any scenario that would benefit from increased interactivity and flexibility would lend itself well to dNFTs.

Examples of Dynamic NFTs

Even though Dynamic NFTs are somewhat new, there have already been many projects that utilize the technology.

ArtBlocks

Artblocks is a Web3 platform for generative art. Projects on Artblocks use dynamic NFTs to create generative pieces that exist at the intersection of computer programming and art. Many of these NFTs change over time, relying on dynamic NFTs to make these transformations possible.

The Chromie Squiggle uses dNFT technology to move when clicked on Image Credit: Artblocks Async Art

Like Artblocks, Async Art is a platform that helps artists to create and collectors acquire programmable art pieces. These items adjust themselves based on outside conditions through the usage of dynamic NFTs. This ability allows creators to create unique on-chain experiences for collectors.

Moonbirds

Moonbirds has integrated dynamic NFTs into its 10k PFP project. Holders can stake their Moonbirds in a process called “nesting”. By doing so, they attain different rankings that unlock rewards depending on how long they’ve been staked. The NFTs themselves also show different backgrounds depending on different things such as how long they’ve been staked for, whether or not the owner also holds a Proof Pass, etc.

LaMelo Ball NFTs

NBA star LaMelo Ball collaborated with Chainlink to release an innovative NFT collection based on dynamic NFT technology. The collection features eight different NFT types, each version representing a specific statistic (points, rebounds, assists, etc). Holders of the NFTs received access to raffles and other perks depending on Ball’s on-court performance.

One type of LaMelo Ball NFT, The Gold Evolve NFT, promised to evolve into a new image if LaMelo won the Rookie of the Year award. The Charlotte Hornets player did in fact win the award, and as a result, the NFT transformed into a different image. To date, LaMelo Ball’s NFT collections are one of the greatest examples of what’s possible when we start linking dynamic NFT technology to the world of digital collectibles.

Beeple’s ‘Crossroad’

Beeple, otherwise known as Mike Winkleman, help lead the early adoption of dynamic NFTs. The “Everydays” digital artist created a piece called, “Crossroad” featuring Donald Trump. The piece was going to either show a triumphant Donald Trump or a defeated Donald Trump based on the outcome of the 2020 Presidential election.

As we all know, Trump lost the election. The NFT updated itself automatically to show an image of the former President strewn on the ground with “loser” graffitied on his naked body and a clown emoji floating over his body. The piece was so popular that it sold on Nifty Gateway for $6.6m.

Beeple used dNFT technology in 2020 to put his unique spin on the Presidential election Image Credit: Duckie Land dNFTs Use Cases

Dynamic NFTs can be used for much more than artwork, however. In fact, the vast majority of dNFTs will likely have nothing to do with art.

Dynamic NFTs and Gaming

Gaming is perhaps the most obvious application for dynamic NFTs. For a long time, people have looked to NFTs as a way to give gamers the ability to own hard-earned in-game assets without interference from a centralized authority. Vitalik Buterin himself famously created Ethereum in response to Blizzard Entertainment nerfing his favorite World of Warcraft character. This experience prompted him to create Ethereum to allow for greater decentralized ownership of digital assets.

With Dynamic NFTs, gamers will be able to own NFTs that represent their characters and items. As these assets level up, their corresponding NFTs will also evolve to match in-game performance. These items will be owned in individual owners’ wallets outside the control of game publishers. If a game company goes out of business, for example, the NFT will remain in a player’s wallet as well as any game progress or achievements associated with it.

Tokenization of Real-World Assets

Real-world assets such as real estate will also be disrupted by dNFTs. Traditional property deeds, for example, may someday be replaced by dNFTs. When a property switches ownership, a dNFT will update itself to account for the change.

Likewise, dNFTs can be used to represent homes themselves. The NFT can be updated when the property owner completes a major repair or upgrade. By doing so, we can create an easy solution to maintain property records that are guaranteed to be accurate, transparent, and accessible.

Dynamic NFTs can help modernize the real estate industry by tokenizing real-world assets Image Credit: Chainlink NFT Fundraising

Dynamic NFTs are also having an impact on fundraising. Regenerative Resources is an ecosystem services company using dNFTs to help plant 100 million mangroves. The organization produced the Five Short Film NFTs collection to fund this initiative. These NFTs reveal one frame of a short film every time one is bought or sold. This clever usage of dNFTs is a great example of how this new blockchain technology is already improving our world.

How to Make Dynamic NFTs?

Here are the steps to creating a dynamic NFT:

Set up the token using an ERC-721 or ERC-1155 standard

Upload the NFT image links in the IPFS URIs

 Complete a compile check

 Make the NFT contract “Keepers Compatible”

 Code the smart contract to change the NFT based on an external data point (market prices, weather, temperature, etc).

 Test your dNFT

 Mint and deploy your dNFTs

The Future is Dynamic

We are just scratching the surface of what’s possible with dynamic NFTs. The power to connect with the outside world will unlock massive potential and bridge Web3 to everything that came before it. In all likelihood, dynamic NFTs will be so omnipresent in our daily lives that we won’t even think about them as NFTs anymore.

As this trend continues, dynamic NFTs will become fixutres in our daily lives and prove just how important blockchain is to our future.

 

The post A Guide to Dynamic NFTs appeared first on NFT Evening.

Last month, Blur NFT marketplace launched their “BLEND” lending protocol to mixed reactions from the space. Blur’s new lending protocol has sparked interest among users seeking financial gains within the NFT marketplace. While it is crucial to note that making money through loan interest is unlikely due to low interest rates, alternative avenues exist for potential profits.

How To (Possibly) Make Money On Blend

Before we continue, please note that these observations are subject to high risk for users. Please proceed with caution and consider the risks and research involved before making market decisions. Below is a possible way users may earn more by lending money on Blur.

Blend Interest Rates: To start, the interest rates on Blur’s lending protocol, influenced by $BLUR incentives, are negligible. The majority of loans operate at 0% APY, and those exceeding that threshold often result in collateral liquidation.

Analyzing Loan Heatmaps: One of the key observations when examining the heatmaps of Blur’s loans is the upward and rightward trend. This trend aligns with the concept that higher loan-to-value ratios (LTV) demand higher annual percentage yields (APY). These insights lay the foundation for a potentially lucrative approach. The heatmaps of upward and rightward trends on Blur loans

To clarify, users WILL NOT make money on Blur Loan Interest.

Opportunity in Buy-Outs: The focal point of this strategy revolves around identifying called loans with attractive buy-out prices.

For example, consider a loan for an Azuki NFT, numbered #5770, currently on auction with a buy-out price of 13.92E. By acquiring this loan, calling it, and if the borrower fails to repay within the allotted time, the Azuki NFT can effectively be obtained for 13.92E.

Increasing the Chances of Success: To maximize the likelihood of success, it is advisable to target loans with high APY. These loans accumulate debt at a faster pace, eventually reaching a point where potential lenders hesitate to engage in buy-outs due to the associated risks.

Strategic Timing: The objective is to acquire the loan at a price that allows the debt to match or exceed the current floor price. This minimizes the probability of being bought out when calling the loan, as it involves substantial risk for potential buyers.

Profit Realization: Upon successful liquidation, the Azuki NFT can be sold. Assuming the floor price remains stable, selling the acquired NFT at, for instance, 14.5E would result in a profit of approximately 0.6E.

What Does This Mean For Users?

Blur’s new lending protocol presents users with opportunities for profit within the NFT marketplace. While earning money through loan interest may not be feasible, strategic buy-outs of called loans offer an alternative avenue.

By analyzing loan trends, identifying appealing buy-out options, and timing the process effectively, users can potentially capitalize on market inefficiencies.

This article takes notes from 333 Club Ambassador @DancingEddie’s observations to learn how you can earn more from the platform. By analyzing loan trends and strategically participating in buy-outs of called loans, users can explore new opportunities within Blur’s ecosystem. In case users have trouble navigating the platform, here are a few pointers from @DancingEddie to navigate the marketplace.

Note: It is crucial to understand the associated risks and make informed decisions. As with any investment, thorough research and careful consideration are essential to navigate this emerging landscape successfully.

The post How Can You Make Money on Blur Marketplace? appeared first on NFT Evening.

NFT Worlds يطوي صفحة من تاريخه. قررت اللعبة ومنصة المبدعين تغيير علامتها التجارية لتصبح Topia. دعونا نتعمق في هذا الإصدار الجديد لأحد أشهر مشاريع NFT!

ما هو موضوع توبيا؟

Topia هو الاسم الجديد لـ NFT Worlds. إنه مشروع تم إنشاؤه بواسطة مجموعة متنوعة من الشخصيات المؤثرة من النظام البيئي لألعاب Minecraft وألعاب الطرف الثالث على مدار العقد الماضي. وتهدف إلى إعادة تعريف التعبير الإبداعي وتحديث تجارب اللاعبين بطريقة لم تتمكن النسخة السابقة منها، Minecraft، من تحقيقها بالكامل.

كشف الرئيس التنفيذي لشركة Yuga Labs عن تفاصيل لقائه الأول مع مؤسسي Yuga Labs، جوردون جونر وجارجاميل. كانت تلك بداية مغامرة جديدة.

كيف التقى الرئيس التنفيذي لشركة Yuga Labs بالمؤسسين المشاركين؟

روى دانييل أليجري القصة في حلقة حديثة من بودكاست "Overpriced J-Pegs". وأوضح الرئيس التنفيذي السابق للعمليات في شركة الألعاب Activision Blizzard أن لقاءهم كان معقدًا في البداية. فقد فاته عدد قليل من رحلات الطيران المتصلة قبل أن يتمكن من اللحاق برحلة من المكسيك إلى فلوريدا.