SNEAK PEEK

Trevor Jones, an NFT artist, raised £114,000 during a charity auction at the Web3 Castle Party near Paris.

This donation is the largest ever from an art event to Maggie’s Edinburgh in its 27-year history.

The funds will aid approximately 4,000 cancer patients and families, emphasizing the charity’s commitment to free cancer support.

Trevor Jones, a luminary in NFT art, has amassed an astounding £114,000. This was achieved during a charity auction at the yearly Web3 Castle Party near Paris. Significantly, this donation holds the record for the largest amount ever contributed from an art event to Maggie’s Edinburgh in its 27-year existence.

Maggie’s Edinburgh, renowned for its unwavering dedication to offering complimentary cancer support, now finds itself at the receiving end of this unprecedented act of kindness. The funds, raised at the charity event hosted at Château de Vallery, are earmarked to assist in the wellbeing of cancer patients and their families. Moreover, these funds are set to support around 4,000 individuals battling cancer and extend a helping hand to locals in dire straits.

This occasion saw a gathering of 30 talented artists, highlighting the cohesive strength of the NFT community in ushering in change. Besides showcasing their artistic prowess, their collaborative effort underscores a commitment to larger social causes. Consequently, the outcome of this event demonstrates the burgeoning trend among crypto and NFT artists to channel their creative energies for benevolent endeavors.

However, it’s not just about the funds raised. The sentiment echoes loudly. A spokesperson from Maggie’s Edinburgh conveyed profound gratitude towards the NFT art fraternity, acknowledging their solidarity and generosity. Such gestures mirror not just the values upheld by artists like Trevor Jones but also the inherent ethos of unity within the NFT community.

Jones, reflecting on the event’s success, emphasized the transformative effect the raised amount could wield. He stated, “This act not only pays tribute to artists we’ve lost to this ailment but showcases the collective power of the NFT community.”

Additionally, since NFTs ventured into the mainstream limelight in 2021, this domain has emerged as a robust platform for charity. Artists and creators are continually leveraging this technology-driven art form, extending support to a range of charitable initiatives.

The confluence of blockchain technology with digital artistry equips artists with a unique toolkit. Not only can they parade their masterpieces, but they also have the means to bring about tangible societal shifts. Hence, the accomplishment of Trevor Jones and his record-setting donation stands as a beacon, exemplifying the immense potential of NFTs in championing noble causes.

In essence, Trevor Jones’s act is not merely about the financial contribution. It’s a testament to the evolving landscape of digital art and its alignment with philanthropy. The event at the Web3 Castle Party not only celebrates the world of NFTs but also accentuates the industry’s commitment to effecting tangible societal change.

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SNEAK PEEK

PayPal has unveiled a patent application for innovation in nonfungible token (NFT) transactions.

The framework offers flexibility and user convenience and is not limited to digital collectibles.

The system could involve an unnamed third-party service provider, with Ethereum highlighted in the application.

PayPal has recently unveiled a patent application promising an innovative structure for non-fungible token transactions. Filed in March and disclosed on September 21, the application presents a framework suggesting a blend of flexibility, user convenience, and broader scope.

Significantly, the patent points towards the involvement of an unnamed third-party service provider, with Ethereum being explicitly mentioned. Moreover, the proposed ecosystem hints at the potential of fractionalized NFT purchases. This could lead to introduction of governance tokens that may be traded freely.

Besides the conventional use of digital collectibles, the patent indicates that the technology could be applied to any form of distinguishable digital data. Such data would then be traceable via a decentralized blockchain ledger.

Additionally, the application provides a glimpse into an “omnibus wallet” linked directly to the service provider. In such arrangements, transactions wouldn’t necessitate a record on the blockchain. Consequently, users would be exempt from associated gas fees, marking a stark shift from current standards.

Furthermore, an intriguing aspect of PayPal’s vision touches on NFT-related royalties as a potential revenue stream. To enhance user experience, the ecosystem could have a third-party handling storage and checkout services. Hence, compliance and risk management might witness streamlining through the designated service provider.

On the topic of currency, the application showcases true versatility. Notably, it mentions that any currency could be incorporated into this structure. This flexibility is particularly relevant when considering PayPal’s recent foray into the cryptocurrency space. In August, the financial giant announced the launch of its dollar-backed stablecoin, PayPal USD ($PYUSD). This move was a landmark event, signifying the first instance of a major U.S. financial entity introducing such a digital asset.

However, there are other significant updates from the company. Earlier in August, PayPal’s Board of Directors declared the induction of Alex Chriss, a seasoned Intuit executive, as their new President and CEO. Chriss, who took the helm this month, isn’t new to steering the ship. Having served as Intuit’s Executive Vice President and General Manager for their Small Business and Self-Employed Group since 2019, he played a pivotal role. Responsible for over half of Intuit’s revenue, Chriss spearheaded Mailchimp’s successful $12 billion acquisition in 2021.

It’s day one as @PayPal‘s President and CEO.  I’m fired up to join this team on a powerful mission and with a remarkable history of revolutionizing how millions around the world take control of their financial lives. ​ PayPal team, let’s go change the world! pic.twitter.com/PIZuY8iKn2

— Alex Chriss (@acce) September 27, 2023

This string of strategic moves by PayPal, from patent applications to top-tier appointments, reveals a company poised for innovation. With the increasing popularity and potential of NFTs, PayPal’s steps towards refining and expanding its transactional structure indicate a vision that’s in tune with the evolving digital landscape.

The post PayPal’s New Patent to Transform NFT Transactions appeared first on Today NFT News.

SNEAK PEEK

Web3 gaming remains a magnet for investors despite market downturns.

A recent DappRadar report shows $297 million invested in blockchain gaming.

Asia dominates the Web3 gaming sector, while the US focuses on NFTs and DeFi.

Despite the broader market’s downturn, Web3 gaming continues to attract significant interest, predominantly from investors in the blockchain technology realm. According to a recent report by DappRadar, a staggering $297 million has been pumped into this niche, with a lion’s share directed toward gaming infrastructure.

Moreover, July’s statistics reveal a compelling narrative. Blockchain gaming constituted a substantial 41% of all decentralized app (dapp) activities. Consequently, this surge isn’t merely a flash in the pan but indicative of a larger trend.

Vance Spencer, co-founder of Framework Ventures, shed light on the global divide in this arena. He emphasized that while the US leans heavily towards NFTs, culture, and DeFi, Asia emerges as the dominant player in the gaming market. He added, “In gaming, there are essentially no barriers to crafting an engaging crypto game.”

Echoing Spencer’s sentiments, Michael Anderson, another co-founder at Framework Ventures, shed light on the not-so-distant future. He hinted at a paradigm where games with ownership features would invariably overshadow their traditional counterparts.

However, while the industry shows promise, it’s not without challenges. Scott Sunarto, the dynamic founder and CEO of Argus Labs, voiced concerns at a recent panel discussion at Permissionless II. He highlighted the trend of game studios retrofitting Web2 games with a mere NFT layer. Instead of this superficial approach, Sunarto is an advocate for exploring innovative methods to integrate crypto levers. This, he believes, would elevate Web3 gaming beyond mere collectibles, enhancing its appeal manifold.

Additionally, Sunarto touched upon another vital aspect of the gaming world — distribution. He believes gaming providers will lean towards owning their distribution channels. Hence, it’s likely that publishers will drift to their custom chains. Here, they can exert greater control, right from managing gas subsidies to intricate chain-level customizations. Such strategies, Sunarto feels, can not only enhance user experience but also arm game publishers with features that set them apart from competitors.

The post Web3 Gaming Thrives Amidst Market Woes, Draws $297M Investment appeared first on Today NFT News.

SNEAK PEEK

The Milady Maker NFT collection, under Remilia Corporation, faces leadership disputes that have now reached the courtroom.

John Duff, Henry Smith, Maxwell Roux, and Bruno Nispel are legally challenging Krishna Okhandiar over control and financial irregularities.

Plaintiffs allege Okhandiar transferred substantial digital assets from the company’s multi-signature wallet for personal gain.

The leadership dispute over the Milady Maker NFT collection, managed by Remilia Corporation, has escalated from online skirmishes to a full-blown courtroom confrontation. The collection, which debuted in August 2021, has achieved substantial market presence, with a total volume of 82,902 ETH, equivalent to over $131 million, on OpenSea.

John Duff, Henry Smith, Maxwell Roux, and Bruno Nispel, all associated with Remilia Corporation, have initiated legal proceedings against Krishna Okhandiar, accusing him of misappropriating millions and attempting to monopolize control of the company. This lawsuit, lodged on September 22, follows a separate legal action by Okhandiar earlier in the month. All parties involved have asserted claims to be founders or co-founders of the project.

The internal strife within Remilia, once perceived as a DAO, has been simmering since Okhandiar, also known as Charlotte Fang, was unmasked in May 2022 as the individual behind the contentious online alias “Miya.” Despite distancing himself from Remilia and the Milady project and delegating control to Smith and Nispel, tensions flared again when Okhandiar alleged that an unidentified developer had hijacked control of the company’s social media accounts and absconded with $1 million in fees.

Good morning. A developer who worked on Bonkler took steps that allowed him to divert ~$1MM USD in Remilia’s generated fees.

The Bonkler reserves, main contract and NFTs are safe; only Remilia’s revenue from Bonkler was compromised.

We’ve temporarily paused Bonkler’s daily mint… pic.twitter.com/1QOQDiXka3

— ♡ Charlotte Fang Crown Prince (@CharlotteFang77) September 11, 2023

In response, the plaintiffs have alleged that Okhandiar orchestrated their expulsion from Remilia Corporation and failed to honor promises of equity and corporate documentation. They contend that Okhandiar, utilizing his access to the company’s multi-signature wallet, transferred approximately $600,000 worth of digital assets to his personal account and removed an additional $1.7 million from the company’s treasury.

However, Okhandiar’s narrative diverges sharply, asserting his sole founder status since January 2021 and dismissing Duff, Smith, and Roux as independent contractors with no equity in the company. He contends that any financial transactions were legitimate, and the plaintiffs are not entitled to any unpaid salaries or bonuses.

Moreover, the plaintiffs have revived the year-old “Miya” controversy, highlighting Okhandiar’s alleged history of online antagonism and verbal abuse under various aliases, including Charlotte Fang. Roux has claimed that the working environment was marred by Okhandiar’s abusive and harassing behavior, but the team continued to work on the NFT projects despite the hostile atmosphere.

In addition to unpaid wages, the plaintiffs are seeking the establishment of a constructive trust encompassing the assets, funds, and intellectual property related to the NFTs they created. The ongoing legal battle underscores the complexities and challenges emerging in the rapidly evolving NFT space, highlighting the need for clear governance structures and transparent operational practices.

The post Milady NFTs Legal Battle Intensifies with New Countersuit appeared first on Today NFT News.

SNEAK PEEK

Glassnode’s report finds little evidence that Bitcoin Ordinals disrupt high-value monetary transfers.

Despite their prevalence, Bitcoin Ordinals contribute only 20% of transaction fees.

Industry experts foresee a price increase leading up to Bitcoin’s halving event in April 2024.

Despite rising concerns over Bitcoin Ordinals congesting the network, substantial evidence is lacking to support the notion that inscriptions are hindering high-value Bitcoin (BTC) monetary transfers. Glassnode, a leading on-chain analytics firm, clarified in its September 25 report titled “The Week On-chain” that there’s minimal substantiation to suggest inscriptions overshadow monetary transfers.

This phenomenon is likely attributed to the tendency of inscription users to opt for lower fee rates, demonstrating a readiness to endure extended confirmation times. Glassnode elucidated that inscriptions acquire and utilize the most affordable available blockspace and are easily supplanted by more pressing monetary transfers.

Introduced in February 2023, Bitcoin Ordinals have dominated daily transaction counts on the network. However, this prevalence hasn’t translated to a proportional share in mining fees, with inscriptions contributing to merely 20% of transaction fees, as noted by Glassnode.

Moreover, inscriptions have bolstered the base-load demand for blockspace, enhancing fees for miners. However, the hash rate of Bitcoin has witnessed a 50% surge since February, intensifying the competition among miners vying for revenue fees. Glassnode highlighted that this fierce competition, coupled with the impending halving event, is likely pushing miners toward the brink of income stress. Their profitability remains in jeopardy unless there’s a surge in BTC prices in the imminent future.

Currently, Bitcoin is valued at $26,216. Numerous experts in the industry are anticipating a price escalation as we approach Bitcoin’s halving event, scheduled for April 2024.

Most inscriptions are presently resulting from BRC-20 tokens, introduced a month post the initiation of the Ordinals protocol on Bitcoin by Casey Rodarmor in February. On September 25, Rodarmor proposed “Runes” as a viable alternative to BRC-20s. He suggested a protocol based on unspent transaction output wouldn’t leave as many residual unspent transaction outputs on the Bitcoin network.

Additionally, the increased demand for blockspace by inscriptions has inadvertently benefited miners by elevating the fees. However, the escalating competition and the upcoming halving event create a challenging environment for miners, testing their resilience and adaptability.

The post Glassnode Report: Bitcoin Inscriptions Not Blocking High-Value Transactions appeared first on Today NFT News.

SNEAK PEEK

Pudgy Penguins has entered into a significant collaboration with Walmart, marking its expansion into the physical toy market.

The brand has a strong background in digital collectibles, having achieved $400M in transactions.

Pudgy Penguins received a $9 million investment aimed at expanding the global reach of its unique intellectual property.

Pudgy Penguins has inked a noteworthy collaboration with Walmart. Consequently, Pudgy Toys will be gracing the shelves across 2,000 Walmart stores nationwide. With a history of impressive sales in digital collectibles, this brand has demonstrated its potential by raking in a whopping $400M in transactions.

On this day, Web3 enters a Brave New World.

Pudgy Toys, with Pudgy World, are now available in 2,000 Walmarts in the USA. pic.twitter.com/UP8npUxCr3

— Pudgy Penguins (@pudgypenguins) September 26, 2023

However, this isn’t Pudgy Penguins’ debut in the world of tangible toys. The brand first ventured into the physical toy market in May 2023 via Amazon. Impressively, within a mere two days, they garnered sales surpassing 20,000 individual toys, totaling $500,000. Additionally, this success was accompanied by a significant investment of $9 million during the same month. This injection of funds, led by early-stage investors, aimed to amplify the global reach of Pudgy Penguins’ unique intellectual property.

We’re thrilled to release the community-licensed, first-edition Pudgy Toys to the world.

Purchase Pudgy Toys here and adopt your Forever Pudgy Penguin now: https://t.co/WODTtasf3d pic.twitter.com/F2h77P3Eid

— Pudgy Penguins (@pudgypenguins) May 18, 2023

The visionary behind this growing empire, Luca Netz, CEO of Pudgy Penguins, emphasized how the brand stands out in the evolving toy landscape. He noted, “Marrying unique digital experiences with blockchain marvels like Ethereum and zkSync has set Pudgy Penguins apart.” Additionally, he acknowledged the tremendous support of Walmart in amplifying its community engagement and brand development efforts. It’s worth mentioning that Netz saw the potential in Pudgy Penguins early on, securing the collection for 750 ETH, roughly translating to $2.5 million, in April 2022.

The toys slated for Walmart shelves aren’t your typical plushies. Besides their charming design, they serve as gateways to the enchanting digital Pudgy World. Powered by the cutting-edge zkSync Era blockchain, this interactive digital haven lets users dive into games and personalize their Forever Pudgy avatars. Moreover, each toy carries its unique identity. By simply scanning a QR code, users can unveil special attributes for their digital counterparts.

A distinctive touch to these toys is the infusion of exclusive characteristics from famed NFT brands, such as Meebits and DeGods. Hence, every toy purchase at Walmart not only delights a child but also ensures that respective NFT proprietors earn their due royalties.

Brittany Smith, vice president of merchandising – toys at Walmart U.S., expressed her excitement about the alliance. She observed, “Pudgy Penguins has skillfully blended the physical and digital play realms for kids. Moreover, their affordability aligns perfectly with our commitment to offering everyday low prices.”

With strategic partnerships with titans like Amazon and Walmart, Netz and his team are introducing the allure of NFTs and blockchain technology to the broader public. The Pudgy Penguins crew proudly claims their toys are the inaugural mass-market product steered directly by community feedback.

To sweeten the deal for shoppers, Walmart’s inventory will include 26 Pudgy Toys, featuring exclusive Ice Chrome figures and the enticing mystery Blind Boxes. Additionally, some lucky shoppers might stumble upon a golden ticket, unlocking unique digital features in the Pudgy World.

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SNEAK PEEK

Bored Ape Yacht Club (BAYC) teases a collaboration with Japanese streetwear brand BAPE.

While details remain undisclosed, the collaboration is expected to produce a limited-edition capsule collection.

The collaboration follows BAPE’s 30th-anniversary celebration marked by the release of the Forum 84 BAPE Low Triple-White sneaker with Adidas Originals.

Bored Ape Yacht Club (BAYC) has highlighted a fresh collaboration with the iconic Japanese streetwear brand BAPE. The announcement, made on X (formerly Twitter), has set the stage for what promises to be a unique blend of Web3 and streetwear aesthetics.

Been a fan since way back. pic.twitter.com/7tJbDGgou8

— Bored Ape Yacht Club (@BoredApeYC) September 25, 2023

The official tweet from Bored Ape Yacht Club (@boredapeyc) was succinct: “Been a fan since way back.” Accompanying the message was an intriguing illustration, an open closet filled with Hawaiian-themed shirts and, prominently, a white t-shirt showcasing both the BAPE logo and a Bored Ape. The image has left fans and enthusiasts analyzing every detail, including a shoe box adorned with BAPE’s star logo, hinting at the possibility of footwear being part of this collaboration.

Bored Ape Yacht Club, known for its signature ape NFTs, has become a sensation among art collectors and crypto aficionados. Hence, their decision to partner with BAPE, a brand synonymous with streetwear and recognized for its ape motif, is a natural fit.

Founded in 1993 by fashion designer Nigo, BAPE, or “A Bathing Ape,” has been a dominant force in streetwear. Its signature camouflage print and ape head logo have become iconic symbols in the fashion industry. Moreover, BAPE’s foray into footwear began in the US in 2005, further solidifying its place in fashion.

While specifics about the collaboration remain undisclosed, the fusion of both brands’ aesthetics is anticipated to result in a limited-edition capsule collection. This collection will likely feature apparel and accessories that resonate with BAYC and BAPE enthusiasts.

Apes Together Strong. https://t.co/ZD0qaQ2nP1

— BAPE.COM (@BAPEOFFICIAL) September 25, 2023

Additionally, the BAPE X account echoed the sentiment of unity with their statement, “Apes Together Strong.” This collaboration comes on the heels of BAPE’s 30th-anniversary celebration in August. The brand marked the occasion with the release of the Forum 84 BAPE Low Triple-White sneaker, in association with Adidas Originals. Significantly, these sneakers were introduced as NFTs, marking a digital milestone for BAPE.

The post Bored Ape Yacht Club Teases Collaboration with Streetwear Giant BAPE appeared first on Today NFT News.

SNEAK PEEK

OpenSea reports a security incident with a vendor, potentially exposing user API keys.

The company has taken immediate measures to prevent disruption to its platform.

OpenSea recommends users replace their current API keys with new ones by October 2, 2023.

OpenSea, a leading player in this domain, recently shed light on a security incident involving one of its vendors. Consequently, some user API keys might have been exposed. However, OpenSea assures its vast user base that immediate measures have been taken to prevent disruption to its platform integrations.

Security Alert: OpenSea API Keys at Risk

OpenSea warns of a potential API key leak due to a supplier’s security incident. Developers, replace your keys for safety. Stay secure! #OpenSea #SecurityAlert #APIKeys pic.twitter.com/HuckoREoL3

— Obi Crypto (@ObiCrypto_) September 23, 2023

Moreover, in a proactive move, OpenSea has contacted its users via email, emphasizing the importance of swift action. The company strongly recommends users cease using their current API keys. Instead, they should generate new ones. These fresh API keys, according to OpenSea, will retain the same permissions and rate caps as the soon-to-expire ones. To facilitate this transition, OpenSea has provided a step-by-step tutorial for users, ensuring a smooth process.

The urgency of the situation is evident. OpenSea has set a deadline for the API key replacement: October 2, 2023. Hence, users are encouraged to act before this date to ensure the continued safety and efficiency of their OpenSea integrations.

Besides the immediate response from OpenSea, the company has also bolstered its support mechanisms. Users with queries or concerns about this security event or the key replacement process can contact OpenSea’s dedicated support staff. However, it’s noteworthy that OpenSea has not made a public statement regarding the breach.

Significantly, this incident doesn’t stand alone. The decentralized finance (DeFi) sector has recently seen a surge in security concerns. Such events underscore the industry’s pressing need for heightened awareness and robust security measures. For instance, the recent breach at Nansen’s blockchain analytics platform is similar. On September 20, one of Nansen’s third-party vendors reported a system breach, leading to unauthorized access to crucial user data.

The post NFT Giant OpenSea Addresses Potential API Key Exposure appeared first on Today NFT News.

SNEAK PEEK

Polygon’s trading volume surged due to a sale of Pokémon NFT card packs.

Buyers purchased mystery boxes instead of specific cards, echoing NBA Topshot’s Moments.

Courtyard.io, backed by brands like BRINKS and MoonPay, facilitated the sale and offers physical vaulting.

Polygon’s (MATIC) blockchain witnessed a surge in trading volume. A frenzied sale of Pokémon NFT card packs. Buyers didn’t directly purchase specific cards. Instead, they delved into the world of “mystery boxes.” These virtual packs held the promise of any advertised Pokémon-themed card, reminiscent of NBA Topshot’s “Moments.” Enthusiasts eagerly engaged in “pack rips” to unveil their treasures.

The sale adopted a two-phase model. Impressively, all 175 Pokémon Cards were snapped up almost immediately. Courtyard.io played a pivotal role in this digital extravaganza. They were instrumental in choosing the PSA-Graded cards to be offered on-chain. Moreover, Courtyard has garnered trust from notable brands like BRINKS Security, MoonPay, and VaynerFund. It stands out in the digital asset marketplace, offering a unique service: physical vaulting through Brink’s.

The $5 pack drop is moments away…

2pm ET https://t.co/9JmyB2Ugki

This is the last reminder. Get ready pic.twitter.com/xrR5DNI6d3

— Courtyard.io (@Courtyard_NFT) September 20, 2023

The sale, aptly named “Stress Test: Break Courtyard.io,” presented a tantalizing offer. For a mere $5.00 USD, buyers could acquire a virtual Pokémon card pack. A chance to obtain pre-disclosed cards, some of which were PSA9 graded cards from 2000, valued at approximately $500.

However, there was a twist. Buyers needed to establish an account and connect via Google. This action seamlessly created a custodial wallet. Additionally, Courtyard ensured that purchasing wasn’t limited to cryptocurrency. They simplified the process, allowing the use of credit cards, much to the delight of Pokémon aficionados.

After securing their digital treasures, there was a brief pause. Courtyard set the stage for the grand reveal, enabling the opening of purchased packs 24 hours later, specifically on Sept. 21. From that point, users could transfer their digital cards off Courtyard and into their personal Polygon wallet.

To enter users had to setup an account.

I used Google to connect and a custodial wallet was set up automatically.

The assets can be exported off Courtyard into your self-custody wallets on Polygon.

/4 pic.twitter.com/nQad0amhYB

— S4mmy.eth (@S4mmyEth) September 20, 2023

An analyst drew parallels between this sale and a “Rollbit-style loot box,” but with a focus on real-world asset collectibles. After securing a pack, buyers had to exhibit patience. They could unveil their cards after a day. However, any packs left unopened would automatically disclose their contents after two days. Significantly, unopened 2000 Base Set booster boxes now command prices exceeding $15,000.

Additionally, the liquidity of opening a digital pack online was highlighted by @S4mmy.eth as a significant advantage over opening a physical booster box.

In related news, last month saw Polygon surpass Solana (SOL) in activity. This achievement solidified its status as the second most active blockchain for NFT transactions. This surge in popularity might be linked to the SEC’s recent scrutiny of Solana, labeling it and 17 other cryptocurrencies as potential “securities.”

The post Polygon’s Pokémon NFT Sale Skyrockets Blockchain Trading Volume appeared first on Today NFT News.

SNEAK PEEK

Upland is initiating an NFT fundraiser to aid KABOOM! a nonprofit focused on creating playgrounds in historically underserved areas.

Over a quarter-century, KABOOM! has built or revamped more than 17,000 playspaces.

Upland’s upcoming NFT collection, featuring 1800 items, will financially support KABOOM!, though a 10% transaction fee will be retained by Upland.

Upland, the renowned metaverse platform, has announced an NFT fundraiser. This initiative aims to support KABOOM!, an American nonprofit dedicated to building playgrounds in underserved neighborhoods. Over the past 25 years, KABOOM! has impressively constructed or renovated more than 17,000 playspaces.

Danny Brown Wolf, Upland’s chief of staff, highlighted that ending playspace inequity deeply resonates with the Upland community. Moreover, it was the Upland community members, termed “avid Uplanders,” who introduced KABOOM! to the platform. Additionally, some of these members have actively participated in real-world fundraisers for the playground manufacturer. Consequently, this collaboration allowed KABOOM! to liaise with the Upland team, paving the way for a metaverse fundraiser using in-game map assets.

For those unfamiliar, these map assets in Upland are equivalent to NFTs. Users have the option to purchase assets ranging from land and houses to apartments and decorative items for their virtual spaces. Hence, in line with this concept, Upland is set to launch an NFT playground collection. This collection comprises 1800 NFTs, and the proceeds will directly benefit KABOOM!. However, it’s worth noting that Upland will retain a 10% transaction fee.

The minting process, a spectacle for all metaverse participants, will kick off with an in-game representation of a factory producing these playgrounds. This event is scheduled for Thursday, with the first sales commencing on Friday. The collection, showcasing five distinct playground designs, is the brainchild of an Uplander graphic artist. Once acquired, users can seamlessly integrate these playgrounds into their virtual backyards.

This isn’t Upland’s maiden charitable venture. In December 2022, the platform collaborated with UNICEF Brazil. The fundraiser aimed to support a youth program focused on imparting metaverse and Web3 skills to aspiring young professionals. This sale featured winter-themed virtual ornaments and gnomes, reflecting Upland’s seasonal dynamics. Additionally, leveraging its partnership with UNICEF, Upland organized a sale in February to assist earthquake victims in Turkey and Syria.

Wolf perceives these fundraisers, especially the UNICEF collaboration, as a testament to the metaverse’s potential. She envisions a future where impact organizations harness the metaverse, akin to how they utilize social media platforms like Facebook for campaigns.

The post Upland’s New NFT Collection: A Charitable Push for Playground Accessibility appeared first on Today NFT News.

SNEAK PEEK

The Chinese Trademark Office has approved trademarks linked to NFTs and metaverse services.

This shift contrasts with China’s earlier stance, which focused only on standard goods and services.

Traditionally, the Office had a conservative approach and was slow to adapt to digital advancements.

The Trademark Office of the China National Intellectual Property Administration (Chinese Trademark Office) has approved several trademark applications associated with non-fungible tokens (NFTs) and metaverse services. This decision stands in contrast to China’s previous position, which leaned toward recognizing only standard goods and services.

Historically, the Office showed a preference for standard items and services approved in advance for national trademark applications. Additionally, it was slow to integrate new digital and virtual offerings. However, this recent change hints at a more accommodating approach, albeit perhaps temporary. The approvals might act as a precedent before the Office settles on a definitive list of standard digital and virtual goods and services.

Major luxury watch brands, including TISSOT, LONGINES, and RADO, are among the first beneficiaries of this decision. They secured registrations for marks directly filed as national applications. Notably, this is encouraging for U.S. companies. The Chinese trademark system doesn’t necessitate actual use before registration. Moreover, a Chinese national registration isn’t contingent on U.S. registration, unlike the stipulations of the Madrid Protocol.

A closer look at the accepted applications suggests the Office has granted some leeway in descriptions. For instance, Coty’s registration for its nail polish brand, SALLY HANSEN, is particularly detailed. It covers “downloadable computer software for creating, producing, and modifying digital animated and non-animated designs and characters,” a description notably lengthier than typical Chinese registrations.

However, this newfound flexibility might not be permanent. It’s plausible that the Chinese Trademark Office could return to its original stringent requirements. Hence, U.S. applicants must remain vigilant, consulting the list of approved goods and services for their filings.

The Chinese government’s intent to promote domestic digital tokens and NFT transaction platforms adds another layer to this development. It’s crucial to determine how and where these marks should be used under Chinese trademark law. This is especially pertinent to avoid potential non-use cancellation challenges.

The post China Approves NFT and Metaverse Trademarks, Breaking Tradition appeared first on Today NFT News.

SNEAK PEEK

South Korea’s entertainment company Dreamus is embracing NFT ticketing services.

Fans can buy NFT tickets for events such as the Seoul Jazz Festival and “Phantom of the Opera.

Various crypto startups, including Sports Illustrated Tickets on Polygon and Get Protocol on Tezos, are exploring the NFT ticketing domain.

South Korea’s entertainment giant, Dreamus, is venturing into the burgeoning NFT ticketing space. In a strategic move, the firm, a subsidiary of SK Planet, has incorporated NFT ticketing services within the popular OK Cashbag loyalty rewards app. This integration allows ardent fans to purchase tickets for coveted events, including K-pop concerts, as Avalanche NFTs.

Besides being a reward platform, OK Cashbag boasts many games and quizzes on its Google Play Store app, amassing over 10 million downloads. Significantly, these new NFT ticket services are bolstered by SK Planet’s private Avalanche subnet, unveiled earlier in the year.

Hence, fans can now secure their spots for prominent events like this year’s Seoul Jazz Festival and the acclaimed “Phantom of the Opera” musical using Avalanche-based NFTs. However, while initial offerings included tickets to the K-pop Superpop Festival, an unforeseen mishap during stage setup led to the event’s cancellation, with refunds in the pipeline.

Dreamus, known for its association with prominent K-pop artists like Psy and Twice, hints at more NFT-ticketed K-pop events on the horizon. This adoption of NFTs in ticketing addresses the pressing issue of bots and scalpers that plague the live events industry. Justin Kim, the head of Korea for Ava Labs, emphasized these issues’ negative impacts on artists and fans, making emotions run high.

By transitioning tickets onto the blockchain, artists gain the power of customization. Moreover, this move allows artists to determine the reselling capabilities of their tickets or even dictate a cap on the resale prices. Kim highlighted that these features can be tweaked within each NFT collection’s unique smart contract.

Additionally, crypto startups worldwide are recognizing the potential of NFT ticketing. Firms such as Sports Illustrated Tickets on the Ethereum scaling network Polygon and Get Protocol on Tezos are all boarding the NFT ticketing train.

However, there’s a unique twist to Dreamus’ NFTs. These won’t be visible like typical NFTs on platforms like OpenSea. They will be exclusively available to the purchaser, preventing potential misuse, as clarified by Kim. Dreamus’ NFT tickets also simplify the authentication process on event days, a factor SK Planet’s Chief Business Officer, Gyosu Kim, believes enhances the overall fan experience.

On a concluding note, there’s more in store for NFT enthusiasts. Dreamus and SK Planet are on track to unveil a secondary marketplace for NFTs, enriched with loyalty perks and other features.

The post Dreamus Introduces NFT Ticketing with OK Cashbag Rewards App appeared first on Today NFT News.

SNEAK PEEK

A report by dappGambl reveals 95% of NFT collections have zero value.

Data from NFT Scan and CoinMarketCap shows 23 million individuals hold these worthless assets.

NFTs, especially on Ethereum, peaked during 2021-2022 with trades up to $2.8 billion monthly.

It has been revealed that a staggering 95% of non-fungible token (NFT) collections have effectively zero value. This revelation, unveiled in a report by dappGambl, underscores the need for a sobering reassessment of the NFT landscape.

Out of a comprehensive sample of 73,257 NFT collections, a whopping 95% of them registered a market cap of zero ether, as gleaned from data provided by NFT Scan and CoinMarketCap. This translates to an alarming 23 million individuals holding these seemingly worthless digital assets.

NFTs, those unique digital representations tethered to blockchain technology, with Ethereum being the favored choice, experienced a meteoric rise during the crypto bull run of 2021 and 2022, boasting monthly trading volumes of up to $2.8 billion. High-profile collections like Bored Apes and Cryptopunks commanded millions of dollars in sales, with celebrities like Stephen Curry and Snoop Dogg enthusiastically jumping on the bandwagon.

However, the euphoria that once surrounded NFTs has been mercilessly quashed by dappGambl’s findings. Presently, a staggering 79% of all NFT collections remain unsold, signaling a buyer’s market characterized by a surplus of supply over demand, leaving enthusiasts and investors disenchanted.

Even when filtering out lower-value projects, a gloomy picture emerges. Among the top 8,850 collections by market cap, 18% are rendered worthless, while 41% hover in the $5-$10 price range. Astonishingly, less than 1% bear a price tag exceeding $6,000—a stark contrast to the million-dollar deals of yesteryears.

The study further highlights a glaring disconnect between the listed prices of NFTs and their actual sales. This suggests that many sellers are holding out for a resurgence in NFT interest akin to the 2021 boom—a resurgence that may never materialize again.

The post 95% of NFT Collections Hold Zero Value, Report Reveals appeared first on Today NFT News.

SNEAK PEEK

Walmart is venturing into the metaverse to integrate physical and virtual shopping experiences.

The company’s initiatives include virtual items in mobile games like House Flip and virtual clothing in Zepeto based on Walmart’s fashion brand, Scoop.

Thomas Kang from Walmart’s innovation hub emphasizes enhancing and connecting both real and virtual worlds for customers.

Walmart, the world’s largest retailer, is diving deep into the metaverse. The company aims to blend customers’ physical and virtual shopping experiences seamlessly. This innovative approach seeks to enhance the shopping journey, making it more engaging and convenient for consumers.

The metaverse, a collective of virtual worlds, allows users to create avatars, socialize, and partake in various activities. Recognizing its potential, Walmart is keen on exploring commerce opportunities within these virtual realms. The company’s recent initiatives include offering identical items for both physical and virtual homes in the popular mobile game House Flip. Additionally, fans of the mobile virtual world Zepeto can now purchase virtual clothing inspired by Walmart’s fashion brand, Scoop.

Thomas Kang, VP & general manager of metaverse commerce at Store No. 8, Walmart’s innovation hub, shared insights on this venture. He emphasized that the company’s goal isn’t to overshadow reality with the virtual. Instead, it’s about enhancing and connecting both worlds for the customer. Walmart’s strategy revolves around being contextual and authentic, aiming to elevate the overall customer experience.

A significant advantage for Walmart is its widespread physical presence. The company is uniquely positioned, with nearly 90% of the U.S. population residing within 10 miles of a Walmart store. This proximity allows Walmart to offer exclusive deals, such as gifting virtual items upon purchasing physical goods.

In a groundbreaking move, Walmart is set to enable contextual purchases in House Flip. Customers will soon be able to buy physical items without exiting the virtual world. They can conveniently check out using their Walmart account, whether buying virtual, physical, or both goods.

Kang highlighted that this concept is currently unparalleled. He stated, “We are well positioned in that environment because we are a commerce company. We aim to assist brands in selling their products in virtual worlds.”

Forecasts by Citi suggest that by 2030, metaverse-related commercial activities could be worth between $8 trillion and $13 trillion. The potential is vast, with virtual worlds and games poised to dominate the entertainment sector.

Kang envisions metaverse commerce evolving in unexpected ways. As developers craft novel experiences, the possibilities are endless. Walmart’s vision is an inclusive metaverse accessible via any device, ensuring it aligns with its digital values and caters to all customers.

Safety and trust are paramount for Walmart. The company is committed to fostering digital citizenship and ensuring the creation of secure spaces for all users. Over the next year, Walmart plans to roll out more virtual world experiences. Kang enthusiastically stated, “We see limitless potential with this emerging technology.”

The post Walmart Dives into the Metaverse: A New Era of Blended Shopping Experiences appeared first on Today NFT News.

SNEAK PEEK

Animoca Brands Japan has partnered strategically with Honda, Gryfyn, and GET Protocol.

The FORMULA 1 Honda & Red Bull Welcome Event on September 20, 2023, in Tokyo, will feature Honda KEY NFTs as tickets.

GET Protocol, known for integrating NFTs into event operations, recently secured a $4.5 million investment.

Animoca Brands Japan has entered into a strategic alliance with Honda, Gryfyn, and GET Protocol. The collaboration aims to redefine fan engagement at the upcoming FORMULA 1 Honda & Red Bull Welcome Event and the 2023 F1 Japanese Grand Prix. The partnership will leverage blockchain technology to offer unique experiences in the form of Non-Fungible Tokens (NFTs).

@animocabrandskk is collaborating with @Honda, @gryfynapp, and @GetProtocol to gift fans and attendees limited-edition commemorative NFTs and membership NFTs at the FORMULA 1 Honda & Red Bull Welcome Event in Tokyo and at the Honda booth during 2023 F1 Japanese Grand Prix.… pic.twitter.com/rbaXhTfb3z

— Animoca Brands (@animocabrands) September 19, 2023

The FORMULA 1 Honda & Red Bull Welcome Event is set to take place on September 20, 2023, at Zepp Shinjuku in Tokyo. The event is already making waves for its innovative approach to fan interaction. Honda will distribute special Honda KEY NFTs to lucky lottery participants. These NFTs will serve as tickets to the Tokyo event. Additionally, attendees will receive a commemorative NFT, airdropped to their ticket-holder accounts after the event.

Following this, the Japanese Grand Prix 2023 will run from September 21 to September 24 at the Suzuka Circuit. The Honda booth at the circuit will also be a part of this blockchain initiative. Fans can visit the booth to redeem exclusive items and Honda KEY NFTs, adding another layer to the event experience.

Gryfyn, a subsidiary of Animoca Brands, will play a vital role in this initiative. The company will act as a Web3 wallet, facilitating seamless connections between brands and communities. It is also the designated host for the Honda KEY NFTs.

GET Protocol is another key player in this partnership. The platform enables event organizers to integrate NFT capabilities into their operations. It has already made headlines for its collaboration with the Dutch Grand Prix, where it introduced digital collectibles linked to tickets.

The company recently secured a $4.5 million investment, marking a significant milestone. This financial injection could challenge the traditional ticketing industry, signaling a shift in the sector’s dynamics.

Animoca Brands Japan aims to be a global leader in Web3 strategies. The company focuses on blending Japanese intellectual property and content with blockchain technology. This initiative is a significant step in connecting Japanese intellectual properties with a global audience, hinting at future event and fan engagement transformations.

The post Animoca Brands Japan and Honda Team Up to Revolutionize F1 Fan Engagement with NFTs appeared first on Today NFT News.

SNEAK PEEK

Three major NFT marketplaces restrict Stoner Cats’ trading amid regulatory concerns.

SEC charges against Stoner Cats’ parent company raise regulatory worries.

Dramatic trading volume fluctuations coincide with marketplace actions, leaving reasons open to speculation.

Three prominent non-fungible tokens (NFT) marketplaces have pumped the brakes on trading the cartoon NFT collection, Stoner Cats, as of September 18th. This development has raised eyebrows and fueled speculation within the crypto community.

Stoner Cats, a brainchild of Hollywood actress Mila Kunis, has been the talk of the town lately. Kunis not only lends her voice to an animated web series that accompanies the NFT collection but also plays a pivotal role in its promotion.

OpenSea and Blur, two leading NFT marketplaces, have adopted a cautious approach. While the collection is still visible on their platforms, they have disabled trading by discreetly concealing listings and offers under individual NFT pages. An OpenSea spokesperson clarified that Stoner Cats cannot be bought, sold, or transferred on their platform, though the collection has yet to be outright delisted.

Rarible, on the other hand, has taken a more radical stance, pulling the Stoner Cats collection entirely from public view. They reassure users that ownership remains intact, and these NFTs can still circulate freely on the blockchain or be traded on compatible marketplaces.

The motives behind these restrictions appear multifaceted. Regulatory concerns have cast a looming shadow over the project, with the U.S. Securities and Exchange Commission (SEC) recently charging Stoner Cats’ parent company with securities violations, culminating in a hefty $1 million settlement.

Intriguingly, these market restrictions coincided with dramatic fluctuations in trading activity. DappRadar data reveals that daily trading volumes for Stoner Cats skyrocketed from negligible figures to over $6,000 and $11,000 on September 12th and 13th, only to nosedive back to near zero. Concurrently, floor prices have surged to $96, more than three times their late August and early September values.

Although concerns about the sustainability of these trends may have contributed to marketplace decisions, concrete explanations still need to be discovered. Each platform has chosen to play their cards close to the chest.

The post Mila Kunis’ Stoner Cats NFT Collection Faces Market Restrictions appeared first on Today NFT News.

SNEAK PEEK

Base, Coinbase’s layer-2 blockchain, broke records with 1.88 million daily transactions on September 14.

It outperformed competitors Optimism and Arbitrum, who managed 878,000 transactions on the same day.

Base offers various services and gained attention with over 700,000 NFTs minted and $242 million in bridged assets in its first month.

On September 14, Base, Coinbase’s layer-2 blockchain network, set a new benchmark by processing 1.88 million transactions daily. This achievement eclipses its former record of 1.41 million transactions, set on August 21. Significantly, Base outperformed its competitors, Optimism and Arbitrum, which collectively managed 878,000 transactions on the same day.

However, despite this milestone, Base still trails behind more established blockchains like Polygon and BNB Smart Chain (BSC). Specifically, Polygon recorded 2.1 million transactions, while BSC boasted 3.1 million on the same day. Consequently, Base has room for growth as it aims to compete with these industry leaders.

Moreover, the network saw a decline in daily active users compared to its previous record-setting day. According to Dune Analytics, Base had approximately 86,000 daily active users on September 14, a drop from 136,000 on August 21. Hence, user engagement is challenging while the network is scaling regarding transactions.

Additionally, Base has been operational since August 9, offering many services such as token bridging, swapping, liquidity provision, and NFT minting. Within a month of its launch, the network has garnered significant attention from the crypto community. For instance, more than 700,000 NFTs were minted by over 268,000 unique wallets on September 6. During its initial two weeks, the network saw over $242 million in crypto assets bridged, with daily usage from 130,000 unique wallets.

Despite these impressive numbers, Base faces the uphill task of maintaining this momentum. The network must focus on user engagement and scalability to truly rival the likes of Polygon and BSC.

Base’s recent achievements mark a significant step in its journey, but the road ahead is long. The network will need to address its user engagement and scalability challenges to secure a position among the top layer-2 solutions in the crypto space.

The post Base’s NFT Minting Soars as Crypto Community Embraces Coinbase’s Layer-2 Network appeared first on Today NFT News.

SNEAK PEEK

Magic Eden, a top NFT marketplace, is backing Solana’s compressed NFTs.

Unlike standard Solana NFTs, cNFTs compress data and store it off-chain, facilitating mass production and reducing minting fees.

Magic Eden highlights the advantages of cNFTs for sectors like gaming, music, events, and the metaverse.

Magic Eden, a leading NFT marketplace, has announced its support for Solana’s compressed NFTs, commonly known as cNFTs. This innovative approach aims to offer a more cost-efficient and scalable alternative for digital collectible enthusiasts.

Today we’re releasing support for cNFTs (find them in our popular collections)

cNFTs are a new wave of NFT creation only possible on Solana. The “c” stands for compressed (not Cardano don’t worry) which allows them to be produced at a fraction of the cost of traditional… pic.twitter.com/WbO4qqWLEt

— Magic Eden (@MagicEden) September 14, 2023

Unlike traditional Solana NFTs, cNFTs have their data compressed and stored off-chain. Consequently, this makes mass production more feasible. Moreover, it dramatically reduces the fees associated with minting these digital assets. According to Magic Eden, this feature is particularly beneficial for industries like gaming, music, events, and the metaverse, where large-scale collections are common.

Additionally, Magic Eden believes that cNFTs could serve as an “easy access point” for newcomers to the world of digital collectibles. With lower costs, the risk associated with acquiring NFT collections diminishes, encouraging wider participation. Hence, the marketplace sees this as an opportunity to foster greater adoption of NFTs among the masses.

Significantly, cNFTs leverage Solana’s state compression technology. This allows for the minting of up to 1 million NFTs for approximately $110. In contrast, minting a single NFT on Ethereum can cost anywhere from $2.9 to over $30. Therefore, the cost-efficiency of cNFTs is evident.

However, it’s crucial to note that hosting NFTs off-chain is not without challenges. In 2022, NFTs minted on the crypto exchange FTX faced issues when the exchange went bankrupt. The NFTs displayed blank images, leading an engineer to point out the risks of using Web2 API technology for hosting NFTs instead of blockchain. This serves as a cautionary tale for the industry.

Magic Eden’s decision to support Solana’s cNFTs marks a noteworthy development in the NFT space. While it promises cost-efficiency and scalability, it also calls for mindful implementation to avoid potential pitfalls. As the digital collectibles market continues to mature, innovations like cNFTs could play a pivotal role in shaping its future.

The post Solana’s cNFTs Gain Traction with Magic Eden’s Support appeared first on Today NFT News.

SNEAK PEEK

The Nouns NFT community experienced a significant rift, leading to a project fork.

Over half of Nouns NFT holders, representing 56% of the collection, chose to leave, withdrawing $27.3 million in ETH.

472 out of 846 Nouns NFT owners transferred 16,757 ETH to a new DAO organization.

The NFT community of the renowned Ethereum collection, Nouns, witnessed a rift. Consequently, a proposed fork from the project was finalized. Moreover, over half of all Nouns NFT holders chose to depart, pulling out a staggering $27.3 million in ETH from the project’s coffers.

Out of the 846 Nouns NFTs, 472 owners, nearly 56% of the collection, joined the fork. Additionally, they transferred a whopping 16,757 ETH from the Nouns DAO treasury to a fresh DAO organization. Hence, as a result of this fork, the original NFTs of these owners will revert to the DAO treasury.

Besides, each holder will receive a new NFT, mirroring the original artwork, for the new DAO. This new DAO will offer holders the option to “ragequit”, allowing them to claim their share of the treasury, which is 35.5 ETH per NFT. However, they would have to relinquish their profile picture permanently.

The decision to fork underscores a growing disillusionment with the current Nouns DAO format. Since its inception in 2021, the project has seen millions in ETH being utilized to back various Noun-centric ventures.

Significantly, these ventures aimed to amplify the brand’s presence, encompassing initiatives like a 2023 Rose Parade float, vinyl toys, 3D-printed clothing, a comic series, an esports team, and more. Moreover, in a notable move, Bud Light acquired a Nouns NFT, subsequently featuring “Noun glasses” in its 2022 Super Bowl ad.

However, the NFT market has declined since its peak in late 2021 and early 2022. Data from NFT Price Floor indicates that the price floor for Nouns has plummeted from a high of $267,000 in ETH in December 2021 to roughly $57,740 today.

Consequently, while the Nouns brand may have expanded through DAO-funded projects and marketing drives, its market value has dwindled. Some members, facing a harsh bear market, seem keen to cash out and salvage some returns rather than stay with the community.

An anonymous NFT holder, Hindsight, commented on the fork, emphasizing the lack of acknowledgment and discussion about the reasons behind the split and potential solutions.

The fork became feasible due to a Nouns protocol upgrade earlier this year. It permitted NFT holders to suggest a fork, allowing them to retrieve a portion of the treasury collectively. If at least 20% of tokens, through their holders, agreed, the fork would be executed after a waiting period.

Despite the split, the Nouns DAO retains 13,310 ETH, valued at nearly $21.7 million. NFT holders can still vote on proposals and allocate funds to nurture and bolster the brand. Seneca, a pseudonymous “Nounder” of Nouns, opined that the remaining members should intensify their efforts and utilize the treasury, emphasizing its importance in the Nouns game.

The post Nouns NFT Community Faces Split: $27.3M ETH Withdrawn in Major Fork appeared first on Today NFT News.

SNEAK PEEK

GameOn and LALIGA partner to revolutionize fan engagement through Web3 gaming.

The collaboration includes fantasy games, NFTs, and exclusive rewards for fans.

LALIGA’s vast global presence will help promote the immersive gaming experience.

GameOn has joined forces with the renowned Spanish football league, LALIGA, to embark on an exciting journey into Web3 gaming. This pioneering collaboration, announced by GameOn CEO Matt Bailey, marks a pivotal moment in the company’s evolution, propelling it into a new era of fan engagement.

The partnership, unveiled on a Wednesday press release, outlines GameOn’s ambitious plan to introduce fantasy games that draw inspiration from real-world LALIGA players and matches. To immerse fans in an unparalleled soccer experience that transcends traditional boundaries. Players can anticipate collecting playable avatars, customizing their gear, and participating in various game modes, including Live Fantasy, PvP Battles, and Quests.

The allure doesn’t stop there. Participants can vie for exclusive prizes, including items like signed merchandise, VIP tickets, meet-and-greet opportunities, and even cold, hard cash. The partnership promises to elevate the gaming experience and provide tangible rewards for dedicated enthusiasts.

LALIGA, a global football phenomenon with a staggering community of over 200 million fans and an impressive presence on 17 platforms in 20 different languages, is set to leverage its reach to promote these innovative games. The league will deploy various channels, including in-stadium events, watch parties, social media, apps, the website, and email, to connect with fans and ensure they are part of this immersive experience.

But GameOn’s ambitions don’t end here. CEO Matt Bailey envisions forging more “meaningful relationships” with major leagues in the near future. He expresses confidence that this partnership with LALIGA is just beginning a series of exciting collaborations set to unfold in the coming months.

GameOn x @LaLiga

This is a huge announcement for GameOn – LALIGA has a global community of over 200 million fans.

“The LALIGA announcement signals a new era for GameOn,’ @gameonmatty

https://t.co/1rY33CwdKf pic.twitter.com/384cA06mDt

— GameOn (@gameonfanapp) September 13, 2023

GameOn, a publicly listed tech company, specializes in crafting non-fungible token (NFT)–based games, predictive gaming, and fantasy products. Their mission revolves around revolutionizing fan engagement by integrating NFT-based game products. With a portfolio that includes partnerships with industry giants like NBCUniversal, Bravo, and the WNBA, GameOn is swiftly becoming a dominant force in sports and entertainment.

In the words of Matt Bailey, “GameOn is focused on major league opportunities that leverage our scalable PLAYN3XT platform and drive highly profitable revenue growth. LALIGA is our execution in action.”

Boris Gartner, CEO of LALIGA North America, emphasizes that the league’s core mission is to connect with fans across diverse platforms and products. GameOn, with its innovative offerings, presents a unique opportunity for fans to engage with their favorite clubs and players like never before.

Intriguingly, LALIGA North America, a partnership between LALIGA and sports media powerhouse Relevent Sports, holds exclusive representation of the football league in the United States, Canada, and Mexico for all commercial and development activities. 

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