SNEAK PEEK

Azarus and Stream team up to enhance digital content engagement.

The partnership will provide new interactive experiences for streamers and viewers.

Azarus’s technology and Stream’s platform will transform the streaming landscape.

Playable streams specialist Azarus has announced a strategic partnership with Stream, an innovative open platform that enhances live, interactive experiences. This collaboration aims to transform content engagement, bringing rich interactive experiences and meaningful connections between digital content creators and consumers.

Excited to announce that we’re elevating stream overlays to the next level with @streamhq_xyz.

Excited for what’s coming https://t.co/YvjULJjVfM

— Azarus.io (@azarusio) May 9, 2024

Azarus, known for inventing the “interactive overlay” for streams, holds a patent for this technology. The company has built a successful business model by delivering playable ads, sharing value with viewers and creators, and distributing over $2 million in rewards. Azarus has been active on major Twitch streams, participating in events from game releases like Assassin’s Creed to Esports competitions like the Capcom Pro Tour and shows like the Streamer Awards, reaching up to 500,000 concurrent players. Azarus operates natively on Twitch as a partner.

Stream’s product will broaden the use cases beyond playable ads on Twitch, connecting streaming networks and providing an open foundation for interactive streams. The company is working to onboard hundreds of streamers from Esports teams and creator communities to activate a vast network of audiences with its overlay extension across streaming networks. This partnership will unlock new ways for streamers to be rewarded for engaging with the platform and provide more significant opportunities for community interaction.

Alex Casassovici, CEO & Founder of Azarus, expressed excitement about the partnership. He stated, “We’re excited to see Stream 100x the potential of what Azarus kickstarted. By fulfilling the vision of an open, permissionless, and distributed way to build interactive stream content, Stream will provide greater opportunities for creators to engage their audience and for viewers to hang out and interact with like-minded fans. We look forward to working with them to enhance digital content and help millions more discover the power of web3 streaming.”

Alan Lau, Chief Business Officer of Animoca Brands, also shared his enthusiasm, stating, “We are thrilled to welcome Azarus into the Stream ecosystem. Azarus brings unparalleled technology, expertise, and a proven business model to our community. Their interactive overlay technology and extensive experience delivering engaging, playable ads have revolutionized how audiences interact with digital content. With Azarus on board, we are confident that Stream will reach new heights, transforming the streaming landscape and creating exciting new opportunities for creators and their audiences.”

Azarus was recently acquired by metaverse gaming leader Animoca Brands, which has taken a majority stake in the company. This acquisition will aid Animoca Brands in introducing live streaming to metaverse worlds, providing new ways for fan engagement to flourish across various digital environments.

The partnership between Azarus and Stream will unite gamers, creators, and fans, uniting the loyal communities formed around streaming platforms.

The post Azarus Partners with Stream to Revolutionize Digital Content Engagement appeared first on Today NFT News.

SNEAK PEEK

Watford FC ventures into uncharted territory by offering a 10% stake to fans and investors, marking a significant shift in UK football financing.

With a revenue of £66.2 million ($84.6 million) in the year leading up to June 2023, Watford FC’s valuation stands at £175 million.

Republic’s involvement signals the largest digital equity offering in English football club history.

English football club Watford FC plans to sell a 10% stake to fans and investors, marking a rare move in UK football financing. The club has partnered with Republic, a digital asset investment firm, to facilitate the sale. Historically, sports teams have relied on debt financing from fans, but this initiative marks a departure from traditional funding models.

Watford FC’s revenue in the year to June 2023 was £66.2 million ($84.6 million), valuing the club at £175 million. Despite investors not having voting rights, they will receive dividends from digital shares, enhancing the appeal of the investment. Watford FC is primarily owned by the Pozzo family, which is known for owning the Italian team Udinese Calcio. The club’s chairman and CEO, Scott Duxbury, is determined to take the club back to the Premier League, where it has spent six out of the past ten seasons.

Republic, backed by investors including Michael Novogratz’s Galaxy Digital, will facilitate an English football club’s most extensive digital equity offering. This move signifies a progressive shift in football club ownership dynamics, offering fans and investors a unique opportunity to participate in club ownership.

The initiative is expected to foster greater fan engagement and financial stability for the club. While fans won’t wield voting rights, receiving dividends from digital shares represents a new frontier in football club investments. Watford FC’s decision to offer a stake to fans and investors reflects a broader trend of democratizing ownership in the sports industry.

Overall, Watford FC’s innovative approach to financing sets a precedent for other football clubs, signaling a shift towards more inclusive and sustainable funding models in the sport.

The post Watford FC Offers 10% Stake to Fans and Investors appeared first on Today NFT News.

SNEAK PEEK

Com2uS launches XPLA Verse on the Oasys network with two major games.

Summoners War Chronicles and The Walking Dead All-Stars are now part of the XPLA ecosystem.

This move aims to attract more East Asian users and enhance the gaming experience with blockchain technology.

Com2uS Group, a leading South Korean game publisher, has expanded its presence in the crypto gaming world by launching its own layer-2 chain, XPLA Verse, on the Oasys network. This strategic move introduces two major franchise games to the platform: “Summoners War: Chronicles” and “The Walking Dead: All-Stars.”

XPLA Verse now hosts “Summoners War: Chronicles,” an action role-playing game derived from the widely popular “Summoners War: Sky Arena,” which boasts over 220 million downloads. Additionally, “The Walking Dead: All-Stars,” based on the acclaimed zombie comic book series, is now part of the XPLA ecosystem. These additions are part of Com2uS’s aggressive Web3 strategy, enhancing its mobile gaming presence with blockchain integration.

Com2uS has actively participated in the Oasys ecosystem, joining as an initial validator last year. Integrating its existing XPLA crypto gaming ecosystem with Oasys aligns with its goal of leveraging the network’s extensive knowledge of Japan’s regulatory framework. This move is expected to strengthen Com2uS’s market presence and attract more East Asian users.

Oasys has successfully attracted several prominent video game publishers and developers. Ubisoft is developing its first original blockchain game, “Champions Tactics: Grimoria Chronicles,” on the Oasys network, which is scheduled for release later this year. Sega has also brought its intellectual property to the network, while Bandai Namco launched an experimental AI-driven game last year. These partnerships highlight Oasys’s growing influence in the blockchain gaming sector.

Com2uS’s collaboration with Oasys is a significant step in its Web3 journey. By bringing high-profile games to the XPLA Verse, Com2uS aims to offer gamers enhanced experiences through blockchain technology. This partnership not only expands the XPLA gaming ecosystem but also underscores the potential of blockchain in revolutionizing the gaming industry.

Com2uS’s integration with the Oasys network marks a pivotal moment in the crypto gaming landscape. With the introduction of “Summoners War: Chronicles” and “The Walking Dead: All-Stars” to the XPLA Verse, Com2uS is set to enhance its market presence and attract a broader audience. The ongoing collaboration between significant game publishers and the Oasys network signifies a promising future for blockchain gaming.

The post Com2uS Expands XPLA Gaming Ecosystem with Major Franchise Titles on Oasys Network appeared first on Today NFT News.

SNEAK PEEK

ENS introduces ENSv2 with lower gas costs and faster transaction speeds.

The upgrade includes a hierarchical registry system for better customization and control.

ENSv2 enhances multi-chain interoperability, making it easier to manage ENS domains across blockchains.

The Ethereum Name Service (ENS) has announced the next generation of its protocol, ENSv2. This upgrade promises lower gas costs and faster transaction speeds for .eth name management. According to ENS Labs, the new hierarchical registry system will offer enhanced customization and control, making it easier for users to manage their ENS domains.

Introducing ENSv2: The Next Generation of ENS

ENS Labs is excited to announce our proposal to extend the ENS protocol to a Layer 2 network. This move isn't just about migrating parts of the protocol; we're re-envisioning the architecture from the ground up! pic.twitter.com/3xM6owTpKk

— ens.eth (@ensdomains) May 28, 2024

One of the most significant improvements in ENSv2 is its enhanced multi-chain interoperability. This feature will allow users to manage their ENS domains across multiple blockchains seamlessly. By integrating Layer 2 (L2) solutions, ENSv2 will also benefit from reduced gas fees and increased transaction speeds. The team has drawn on seven years of experience to re-architect the ENS system, ensuring it meets the growing needs of the crypto community.

ENS Labs has shared a detailed technical design document outlining the changes and benefits of ENSv2. The document highlights the project’s goals and provides a comprehensive overview of the new features. Users and developers can access the document on Google Drive to gain a deeper understanding of the technical aspects of ENSv2.

ENS Labs is eager to involve the community in shaping the future of ENS. The team has presented the ENSv2 proposal to the ENS DAO, inviting feedback and suggestions from the community. A governance post on the ENS discussion forum outlines the proposal and encourages community members to share their thoughts.

The ENS team is also planning a series of events to discuss the proposed changes, starting with a Space event hosted by ENS. This event aims to provide more details about the migration plan, technical specifications, and timelines for ENSv2. The team hopes to engage with the community and gather valuable insights to refine the proposal further.

ENSv2 represents a significant step forward for the Ethereum Name Service. By addressing key issues such as gas fees and transaction speeds, ENSv2 aims to provide a more efficient and user-friendly experience. Introducing a hierarchical registry system and enhanced multi-chain interoperability will offer greater flexibility and control to users. As the ENS team continues to gather feedback and refine the proposal, the community’s involvement will be crucial in shaping the future of ENS.

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SNEAK PEEK

OpenSea CEO Devin Finzer shares insights on the evolving NFT market and future growth.

He highlights the rise of gaming and physically backed NFTs as areas of interest.

OpenSea focuses on enhancing the user experience and driving NFT adoption through innovation.

In an exclusive interview with BeInCrypto, Devin Finzer, co-founder and CEO of OpenSea, shared his insights on the current state and future of NFTs. Despite speculation about the decline of NFTs, Finzer emphasized continued growth and innovation in the digital marketplace.

Finzer highlighted the rise of gaming and physically backed NFTs as areas of significant interest. OpenSea has partnered with Courtyard on projects involving Pokémon cards and collaborated with leading game developers such as Parallel and Revolving Games. According to Finzer, “Ensuring OpenSea is a home to all types of NFTs is crucially important to onboard the next wave of collectors.”

OpenSea has revamped its collection pages to offer creators customizable options for showcasing their projects. This adaptability supports various types of NFTs, from profile pictures and games to physical items. Finzer stated that the platform is committed to evolving with new utility trends to remain a top marketplace for buying, selling, and collecting NFTs.

OpenSea’s significant focus is enhancing the user experience in gaming. The company has introduced immersive game trailer videos and a new standard for redeemables, aiming to deepen verticalization for specific NFT areas. Finzer emphasized the importance of showcasing gameplay through video to attract gamers to the NFT space. The gaming industry is expected to drive NFT adoption, making a seamless onboarding experience essential.

The recent uptick in the crypto market has sparked innovation, with infrastructure improvements making NFT transactions more engaging and cost-effective. Finzer believes these developments are crucial for onboarding the next wave of users. OpenSea’s new cold start onboarding experience simplifies wallet creation and broadens the use of fiat payments. Users only need an email to create an OpenSea account with a self-custodial wallet, allowing seamless buying, selling, sending, and receiving of digital assets and NFTs.

Finzer also expressed admiration for Parallel, a leader in the Web3 gaming sector, and their ambitious projects. He sees the expansion of utility-backed NFTs as vital for industry growth. “If our space is going to continue to grow and expand beyond the core community, we need to continue to see more collections coming to life with real-world utility,” he stated.

Despite the volatility of the NFT market, Finzer remains optimistic about its future. OpenSea aims to build new features and opportunities to ensure its place at the forefront of the NFT sector. Finzer concluded, “As new utility comes to life, we’ll evolve the marketplace to better merchandise and bring to life the utility behind an NFT.”

Finzer’s insights dispel the notion that NFTs are dead. Instead, these digital assets are evolving, driven by new use cases, improved infrastructure, and innovative features. OpenSea continues to play a pivotal role in this evolving landscape, ensuring that NFTs remain a dynamic and integral part of the digital ecosystem.

The post OpenSea CEO Devin Finzer Discusses the Future of NFTs appeared first on Today NFT News.

SNEAK PEEK

Param Labs partners with Pixelverse to enhance the Kiraverse game.

The collaboration will reward dedicated players with in-game assets.

This partnership aims to drive mass adoption and engagement in Web3 gaming.

Param Labs, a leading game and infrastructure development company, has announced a strategic cross-IP partnership with Pixelverse. Pixelverse is a cyberpunk quest-based browser game and Telegram mini-app. This collaboration will integrate the Pixelverse IP into Param Labs’ upcoming shooter game, Kiraverse. This partnership aims to enhance Kiraverse’s narrative and expand its universe.

The new partners are united in their desire to reward their most dedicated players. They will ensure a fair distribution of their respective tokens to early supporters. By moving away from traditional airdrop models and offering more utility through game asset rewards, Param Labs and Pixelverse are putting tokens in the hands of active and deserving players. This innovative approach aligns with their shared commitment to fostering a vibrant and engaged Web3 gaming community.

The cross-game assets partnership will enable Pixelverse’s characters to be seamlessly integrated into Kiraverse. This allows the 500,000 Monthly Active Users of Pixelverse to play with the skin of their favorite character in Kiraverse. By leveraging each other’s strengths and communities, the partners will provide unprecedented value and engagement opportunities for their respective user bases.

Pixelverse CEO Kirill expressed his excitement about the collaboration. He stated, “Collaborating with Param Labs brings real utility to the Web3 community. We are excited for our players to enjoy their favorite characters in Kiraverse, reflecting the true spirit of Web3 integration.”

By leveraging one another’s strengths and communities, Pixelverse and Param Labs hope to drive mass adoption. They aim to create a more engaging and rewarding gaming experience for players around the globe.

In conclusion, the partnership between Param Labs and Pixelverse marks a significant step in enhancing Web3 gaming. This collaboration will offer more utility and engagement for players, moving beyond traditional reward models. Both companies are committed to creating a vibrant and dynamic gaming community, providing valuable experiences for their users.

The post Param Labs Partners with Pixelverse to Enhance Web3 Gaming appeared first on Today NFT News.

SNEAK PEEK

Trump commits to commuting Ross Ulbricht’s life sentence if re-elected, earning strong support from the Libertarian audience.

He emphasizes a positive stance towards the cryptocurrency industry and criticizes Biden’s approach.

Trump pledges to protect the future of crypto and Bitcoin in the USA, promising to prevent regulatory overreach.

Donald J. Trump has announced his intention to commute the life sentence of Silk Road founder Ross Ulbricht if he is re-elected as president. During his speech at the Libertarian National Convention in Washington, D.C., Trump made a firm commitment to this effect, garnering enthusiastic support from the audience.

“If you vote for me, on Day 1, I will commute the sentence of Ross Ulbricht to a sentence of time served,” Trump declared, highlighting that Ulbricht has already spent 11 years in prison. His remarks were met with loud cheers and signs reading “Free Ross” held up by many attendees.

Earlier that day, Trump expressed his positive stance toward the cryptocurrency industry on social media. He emphasized the importance of the United States leading in this emerging field, contrasting his views with those of President Joe Biden. Trump criticized Biden for wanting the cryptocurrency industry to “die a slow and painful death,” promising that such a fate would not occur under his leadership.

In his evening address, Trump reiterated his commitment to the crypto community. He pledged to halt what he described as Biden’s efforts to undermine the industry. “I will ensure that the future of crypto and the future of bitcoin will be made in the USA, not driven overseas. I will support the right to self-custody,” Trump stated, receiving applause from the crowd.

Ross Ulbricht was sentenced in 2015 to two consecutive life sentences plus 40 years for his role in creating and operating Silk Road, a darknet marketplace used primarily for illegal drug transactions. Silk Road, which operated from 2011 to 2013, is considered one of the first significant uses of Bitcoin. Ulbricht’s severe sentence has made him a cause célèbre among the crypto community and Libertarians, who view his punishment as excessive and a violation of his rights.

Trump’s announcement marks a notable shift from his previous stance. Before leaving office in January 2021, he granted clemency to 143 individuals but did not extend this to Ulbricht. In addition to Ulbricht, notable figures like Julian Assange and Edward Snowden were also not granted clemency during Trump’s tenure.

Trump also assured his audience that he would protect the cryptocurrency industry from regulatory overreach. “I will keep Elizabeth Warren and her goons away from your bitcoin, and I will never allow the creation of a central bank digital currency,” he promised, reinforcing his support for the crypto sector.

Trump’s pledge to commute Ross Ulbricht’s sentence, along with his pro-crypto remarks, signals a significant stance in his re-election campaign. His commitments have resonated strongly with both the Libertarian and crypto communities, marking a notable moment in the intersection of politics and emerging technologies.

The post Trump Pledges to Commute Ross Ulbricht’s Sentence if Re-Elected appeared first on Today NFT News.

SNEAK PEEK

Cristiano Ronaldo announces his fourth NFT collection on Binance.

The collection highlights key moments from Ronaldo’s career and launches on May 29.

Despite past legal challenges, Ronaldo and Binance’s partnership remains strong.

Legendary footballer Cristiano Ronaldo visited Binance on May 29 to announce his fourth NFT collection. This latest release promises to take fans through significant moments in Ronaldo’s illustrious career, tapping into the growing demand for unique digital assets.

Are you ready to relive our journey together?My 4th NFT Collection on #Binance launching soon!Register here now https://t.co/hRpL9EPsOn pic.twitter.com/ko6yOguNhx

— Cristiano Ronaldo (@Cristiano) May 24, 2024

Ronaldo excited his fans on May 24 with a tweet, “Are you ready to relive our journey together? My 4th NFT Collection on Binance is launching soon!” Binance echoed this excitement, teasing the crypto community with the collaboration.

Curious about @Cristiano Ronaldo's latest NFT collection?

Here’s everything you need to know to get ready! https://t.co/jGf7Vq79jO

— Binance (@binance) May 24, 2024

Ronaldo’s NFT journey began in November 2022, debuting his first collection on Binance. This marked the start of a multi-year partnership, showcasing iconic moments from his career. The rarest items from this collection fetched nearly $10,000.

However, their partnership has faced challenges. In December 2023, Ronaldo was named in a class-action lawsuit alleging that his NFT promotions led to significant customer losses. Additionally, Binance recently settled a $4 billion dispute with US regulators, resulting in CEO Changpeng Zhao stepping down.

Despite these legal issues, Ronaldo and Binance avoided commenting directly on the lawsuit. Instead, Ronaldo hinted at upcoming projects with Binance, heightening anticipation for the new collection.

The new NFT collection launches on May 29 on Binance. It will highlight key moments from Ronaldo’s career, continuing the successful partnership that began in November 2022. Even with previous legal challenges, the partnership remains strong.

Ronaldo’s new NFT collection represents another significant intersection of sports and digital art. This launch also navigates recent legal and regulatory challenges, underscoring the resilience of both Ronaldo and Binance in the evolving digital asset landscape.

Ronaldo’s fourth NFT collection on Binance is highly anticipated. The collection not only celebrates his career but also highlights the ongoing demand for unique digital assets. Despite past legal issues, the collaboration between Ronaldo and Binance continues to thrive, promising fans a unique journey through Ronaldo’s career.

The post Cristiano Ronaldo Announces Fourth NFT Collection on Binance appeared first on Today NFT News.

SNEAK PEEK

Donald Trump’s 2024 campaign will accept cryptocurrency donations aiming to create a “Bitcoin army”.

The Trump campaign’s embrace of cryptocurrencies contrasts sharply with President Biden’s cautious stance.

This move could significantly impact the digital asset sector and redefine political fundraising in the US.

Donald Trump has revealed that his 2024 re-election campaign will be accepting donations in cryptocurrencies. This move aims to create a “Bitcoin army” to boost his campaign and stands in stark contrast to President Joe Biden’s cautious stance on digital assets. This decision marks the first time a major party nominee has integrated cryptocurrencies into their fundraising efforts.

The Trump campaign’s embrace of cryptocurrencies signals a significant shift in the political landscape. As the digital asset sector becomes increasingly pivotal, the differing views between Trump and Biden highlight a growing political divide. Trump’s team has made it clear that they see digital currencies as a key element in their strategy, contrasting sharply with Biden’s skepticism.

The Trump campaign has responded to Senator Elizabeth Warren’s “anti-crypto army” claims by promising to build a “crypto army” of their own. They argue that Warren’s stance limits Americans’ financial freedoms. With this new approach, Trump supporters now have the option to contribute to the campaign using Bitcoin, potentially redefining political fundraising.

The 2024 election could be crucial for the future of cryptocurrencies in the US. The starkly different positions of the candidates will likely make digital assets a significant point of contention. The Trump campaign’s enthusiastic support for Bitcoin could energize the crypto community and bring new dynamics to the election.

Trump’s announcement has already sparked reactions, with his campaign emphasizing the importance of financial freedom and the role of cryptocurrencies. The promise to rally a “crypto army” underscores their commitment to integrating digital assets into their campaign strategy.

As the 2024 election approaches, the impact on the digital asset sector will be closely watched. The contrasting views of Trump and Biden on cryptocurrencies add another layer to the political narrative, making this election a potentially defining moment for the future of digital assets in US politics.

The inclusion of cryptocurrencies in political fundraising by a major party nominee could set a precedent and influence how future campaigns are run. This development highlights the growing significance of digital assets in political discourse and their potential to shape the political landscape.

The post Donald Trump to Create “Bitcoin Army” for 2024 Election Campaign appeared first on Today NFT News.

SNEAK PEEK

Dolce & Gabbana is being sued for allegedly delaying the delivery of NFTs, causing significant value loss.

Yonsei University partners with LG Uplus to launch an exclusive metaverse for students replicating its Sinchon campus.

Blockchain gaming investments surged to nearly $1 billion in April, showing renewed interest and growth in the sector.

In a recent development, Dolce & Gabbana, in collaboration with the Web3 platform UNXD, is embroiled in a class-action lawsuit. The lawsuit stems from allegations that the luxury fashion brand failed to deliver its NFT products on time. The plaintiff, Luke Brown, claims that the delay significantly diminished the value of his purchased NFTs. Brown bought DGFamily NFTs for $6,000, but due to the alleged delay of more than a week, the assets reportedly lost 97% of their value, leaving him with a loss of $5,800.

In other news, Yonsei University in South Korea has teamed up with telecom company LG Uplus to create a metaverse experience for its students. Named “Meta Yonsei,” this virtual world replicates the university’s Sinchon campus, including notable landmarks like the auditorium and library. While the metaverse is accessible to outsiders, certain features are restricted to verified students. This initiative is part of a broader trend toward integrating educational experiences with advanced digital environments.

The popular Japanese manga Captain Tsubasa has launched its NFT soccer game on the Oasys blockchain. Announced by Oasys on May 20, the game was initially revealed in 2022 and officially launched on January 12, 2023. The game includes a governance token, which was released on June 4, 2023. This venture marks a significant step in merging traditional entertainment with blockchain technology.

According to a report by DappRadar and the Blockchain Gaming Alliance, investments in blockchain gaming nearly reached $1 billion in April. This resurgence in interest marks the highest investment since January 2021, highlighting a growing enthusiasm for the sector. Alongside gaming, metaverse projects have also seen considerable growth, with NFT metaverse Mocaverse recording an $8.4 million trading volume.

YouTube investigator Stephen “Coffeezilla” Findeisen has accused AI company Rabbit of conducting an NFT scam. According to Findeisen, Rabbit raised funds for an NFT project that failed to deliver on its promises. He further alleged that Rabbit’s new AI product, Rabbit R1, is built on the remnants of the failed NFT project and exhibits similar overhyped characteristics. This revelation has stirred significant controversy, raising questions about the integrity of Rabbit’s operations.

The post Dolce & Gabbana Faces Lawsuit Over NFT Delays appeared first on Today NFT News.

SNEAK PEEK

Yuga Labs collaborates with artist Nina Chanel for a new digital art collection.

Exclusive airdrops will be available to Super Cool World holders.

The CryptoPunks collection will be preserved on the blockchain.

Yuga Labs, the team behind the popular Bored Ape Yacht Club (BAYC) collection, has announced a collaboration with renowned New York-based artist Nina Chanel. In a recent post, Yuga Labs co-founder Greg Solano outlined plans to distribute Chanel’s latest collection to supporters within the digital art space. The airdrops will be randomized, targeting Super Cool World holders, highlighting Yuga Labs’ commitment to bridging the gap between traditional art and the burgeoning Web3 ecosystem.

gm,

wanted to share an update on punks: when we acquired the collection a couple years ago, we did so with the intention of preserving the legacy of the collection.

we see punks as the early cave paintings of this new medium, and we were heavily influenced by them when creating…

— Garga.eth (Greg Solano) (@CryptoGarga) May 20, 2024

Solano emphasized the unique qualities of Chanel’s work, specifically her large-scale graphic pieces featuring bold and vibrant color palettes. Her inclusion in the collections of prestigious institutions like MoMA and The Whitney impressed the Yuga Labs team, who are excited to have Chanel join as an artist-in-residence. This collaboration aims to enrich the digital art world with Chanel’s distinctive style and vision.

Additionally, Solano provided an update on the CryptoPunks collection, acquired by Yuga Labs earlier this year. The firm aims to preserve the legacy of CryptoPunks, viewing them as the “early cave paintings” of the digital art movement. This vision involves collaborating with museums and institutions to acquire and educate audiences about these digital art pieces.

Yuga Labs is removing the famous CryptoPunks collection from circulation. However, they will remain decentralized and preserved on the blockchain as historical art pieces that influenced the creation of the Bored Ape Yacht Club (BAYC) digital art collections. This step signifies Yuga Labs’ dedication to maintaining the integrity and historical significance of early digital art while promoting new and innovative works in the space.

The airdrop plans involve making Chanel’s work available exclusively to Super Cool World holders. The initial distribution will be through randomized airdrops, ensuring that dedicated supporters of her work receive these unique pieces. This initiative reflects Yuga Labs’ vision of seamlessly integrating traditional art into the Web3 ecosystem, offering a new platform for artists like Chanel to reach a broader audience.

Yuga Labs acquired the CryptoPunks collection with the intent to preserve its legacy as foundational digital art. By collaborating with museums and institutions, Yuga Labs aims to secure the place of CryptoPunks in art history. The collection will remain on the blockchain, decentralized and accessible, but will no longer be in active circulation. This move underscores the importance of early digital art in shaping contemporary digital collections like BAYC.

Yuga Labs continues to innovate and expand the digital art space through strategic collaborations and preservation efforts. By partnering with Nina Chanel and preserving the CryptoPunks collection, Yuga Labs reinforces its role as a pioneer in the intersection of traditional art and the digital world.

The post Yuga Labs Partners with Artist Nina Chanel, Announces Airdrop Plans appeared first on Today NFT News.

SNEAK PEEK

Yuga Labs launches ‘Super Punk World’ NFT collection, sparking controversy.

Critics accuse the project of diluting the original CryptoPunks value.

Yuga Labs changes approach, plans to preserve CryptoPunks on the blockchain.

Yuga Labs has faced significant backlash following the launch of Nina Chanel Abney’s “Super Punk World” NFT collection. The collection, which was revealed as part of the Punk in Residence program, aimed to expand the CryptoPunks legacy by introducing new artistic interpretations. However, the project encountered immediate criticism from collectors and crypto enthusiasts.

This is a masterwork compared to the new punks. The stupidest shit to put behind the @cryptopunksnfts brand: "blurring the line between genders", just block @yugalabs and move on.

Thousands of great assets. If you choose some woke shit stickmen you're out of your mind. pic.twitter.com/G65U0m3RgN

— quary.sats (@const_quary) May 20, 2024

Abney’s collection, consisting of 500 hand-selected avatars, draws inspiration from the iconic traits of CryptoPunks. Her bold style incorporates a blend of racial and gender components, challenging societal norms and addressing disparities in digital avatar pricing based on gender and skin tone. The collection was unveiled at an event in New York, generating considerable discussion about the intersection of art, technology, and culture.

Super Punk World is a 500-piece collection that is as playful as it is profound. For our Punk in Residence collaboration – @ninachanel has created hybridized 3D sculptures that blur the lines of race & gender and reflect upon virtual versus real world identities. Read more and… pic.twitter.com/rWMraMW7Km

— CryptoPunks (@cryptopunksnfts) May 20, 2024

Despite the project’s innovative approach, it was met with accusations of being overly “woke” and diluting the original CryptoPunks collection. Many critics expressed concerns over the deviation from the traditional aesthetic and the perceived impact on the collection’s value. The backlash intensified on social media, leading to personal attacks on Abney and sparking debates about art, identity, and digital culture.

In response to the controversy, Yuga Labs announced a change in their approach. Company CEO Greg Solano stated that the NFTs would no longer be auctioned but distributed to Super Cool World NFT holders through a randomized airdrop. Furthermore, Yuga Labs decided to abandon future plans for artist residencies in this format, opting instead to focus on preserving CryptoPunks on the blockchain and supporting museums in acquiring and educating audiences about the collection.

Abney addressed the backlash, condemning the racist, sexist, homophobic, and transphobic comments she received. She emphasized her commitment to fostering an inclusive community and sparking productive dialogue through her work. 

gm,

wanted to share an update on punks: when we acquired the collection a couple years ago, we did so with the intention of preserving the legacy of the collection.

we see punks as the early cave paintings of this new medium, and we were heavily influenced by them when creating…

— Garga.eth (Greg Solano) (@CryptoGarga) May 20, 2024

Yuga Labs’ pivot reflects the challenges of balancing innovation with the expectations of a passionate and diverse collector base. The incident highlights the complexities of navigating identity and inclusivity in the rapidly evolving NFT space.

The post Yuga Labs Faces Backlash Over ‘Super Punk World’ NFT Collection appeared first on Today NFT News.

SNEAK PEEK

The Captain Tsubasa NFT soccer game has debuted on the Oasys blockchain, blending anime nostalgia with blockchain technology.

Fans can collect and develop character NFTs, form teams, and play in various modes, including PvP and 11 vs 11 matches.

The launch highlights the growing trend of integrating blockchain technology into interactive entertainment and gaming.

The popular Japanese manga and anime series Captain Tsubasa has launched its nonfungible token (NFT) soccer game on the Oasys blockchain, a platform dedicated to Web3 gaming. This new development, announced on May 20, offers fans a unique way to engage with the beloved series. The game was created by Web3 development platforms Mint Town and Blocksmith and was first introduced in 2022 before its official launch on January 12, 2023.

Mint Town CEO Hiroshi Kunimitsu highlighted that integrating the game into the Oasys blockchain enhances the interactive experience for fans. Players can collect NFTs of characters from the original series, develop these characters, form teams, and play in various modes. The game includes a Rival mode, where players can revisit the original storyline, a player-versus-player (PvP) mode for online matches, and an Arena mode for 11 versus 11 soccer matches.

The Oasys version of @TsubasaRivalsEN is officially LIVE

A new sensation blockchain game where you can train players from "Captain Tsubasa" as NFTs and compete with rivals

Special perks included with the Oasys version GENESIS NFT

Check out the details below … pic.twitter.com/ySpn1Zalrl

— Oasys | Blockchain for Games (@oasys_games) May 20, 2024

To celebrate the game’s launch on Oasys, Genesis NFTs will feature enhancements such as increased energy points for players. The game’s release underscores the potential of blockchain technology to elevate interactive entertainment and gaming. Meanwhile, the Web3 gaming sector is witnessing a resurgence as cryptocurrency prices recover. For instance, on May 15, Immutable released the Guild of Guardians game on Google Play and the Apple App Store. Additionally, on May 13, the Web3 game Pixels surpassed one million daily active players and generated $4.4 million in token revenue, achieving a $2.7 billion valuation after migrating to the Ronin blockchain on February 22.

BREAKING: @pixels_online's DAA has surpassed 1M!

• 52.6% DAA in the Gaming• New Wallets: 72,884• Transactions: 1,025,088• Weekly Retention % : 77.92%• Total addresses on Ronin: 3,727,201

Thoughts? pic.twitter.com/eW54v49gqV

— Nathan (@0xxNathan) May 13, 2024

The introduction of the Captain Tsubasa NFT soccer game on the Oasys blockchain marks a significant step in combining classic anime with modern blockchain technology. This launch not only revitalizes a cherished series but also showcases the evolving landscape of Web3 gaming, attracting both fans and gamers to this innovative platform.

The post Captain Tsubasa NFT Soccer Game Debuts on Oasys Blockchain appeared first on Today NFT News.

SNEAK PEEK

Oasys announces a strategic partnership with SBINFT Market.

The collaboration supports Oasys’s Layer 1 and Layer 2 blockchain networks.

This move aims to enhance opportunities for GameFi enthusiasts and NFT creators in Japan.

Oasys, a gaming-centric blockchain platform, has announced a significant collaboration with SBINFT Market, the NFT marketplace operated by SBINFT Corporation, a subsidiary of the Tokyo-based financial services giant SBI Group. This partnership aims to bolster Oasys’s presence in the influential Japanese market. The SBINFT Market now supports both Layer 1 (Hub-Layer) and Layer 2 (MCH Verse) blockchain networks within the Oasys ecosystem. This integration marks a notable achievement for Oasys, as it enables businesses and developers to utilize its blockchain layers to sell NFTs on a regulated and highly reputable marketplace.

#Oasys @sbinftmarket_en

We're excited to join forces with the established #NFTmarketplace in Japan to support #OasysHubLayer and @MCHVerse after integrating @homeverse_games last year

Further support of more Verses will follow

Learn more: https://t.co/8Bs2KhxTYt pic.twitter.com/lE96EMrBIE

— Oasys | Blockchain for Games (@oasys_games) May 16, 2024

Daiki Moriyama, Director of Oasys, emphasized the immense opportunities this collaboration unlocks for GameFi enthusiasts and NFT creators. The support from SBINFT Market for Oasys’s Hub-Layer and MCH Verse significantly enhances the ecosystem, providing users and developers with broader opportunities for monetization and engagement within the blockchain gaming space. Only NFTs from authorized artists and affiliated content providers are eligible for listing, ensuring the highest standards of quality and authenticity.

With the support extended to both the Hub-Layer and MCH Verse, exclusive content such as Oasys’s first NFT project, OASYX, and MCH Verse titles like “My Crypto Heroes” and “Chain Colosseum Phoenix” are now eligible for listing on SBINFT Market. These listings are contingent upon meeting SBINFT Corporation’s stringent screening criteria. This expansion enhances access for Japanese users, potentially increasing engagement within this key market.

In conclusion, the partnership between Oasys and SBINFT Market represents a strategic move to strengthen Oasys’s footprint in Japan. By integrating with a leading NFT marketplace, Oasys is poised to provide enhanced opportunities for users and developers, further solidifying its position in the global Web3 landscape.

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SNEAK PEEK

Dolce & Gabbana USA is sued for alleged mishandling of metaverse NFT delivery.

Plaintiff claims significant financial loss and delayed benefits.

The case highlights risks and volatility in the NFT market.

Dolce & Gabbana USA is embroiled in a legal battle after a customer claimed significant losses from a metaverse NFT purchase. The lawsuit, filed Thursday, alleges that the NFTs sold by the Italian fashion house lost 97% of their value due to delayed and undelivered promises.

The fashion giant initially sold the NFTs on Ethereum, offering a range of digital, physical, and experiential benefits. These benefits were meant to enhance the value of their DGFamily NFTs, including access to exclusive events and physical products. However, according to the complaint, Dolce & Gabbana failed to deliver these benefits on time. The digital outfits arrived 20 days late and were only usable on a metaverse platform with minimal users.

Plaintiff Luke Brown, who claims to have lost $5,800 on the NFTs, is leading the lawsuit on behalf of others affected by the alleged mishandling. Brown’s complaint asserts that even after the delayed arrival, token holders waited another 11 days before using their NFTs. This delay was due to the company’s failure to secure approval from the metaverse platform beforehand. Brown accuses Dolce & Gabbana of a pattern of promising products and then abandoning the projects and communities they vowed to support.

The lawsuit also targets the NFT marketplace UNXD, making it a party to the legal action. This case comes amid a period of slowed growth for the NFT market in 2024. While there has been a 41% increase in marketplace value compared to 2023, this growth is modest compared to previous years. Despite some high-profile sales, such as CryptoPunk 3100 fetching $16 million in March, many NFTs have seen a decline in value.

In conclusion, the Dolce & Gabbana lawsuit underscores the volatility and risks associated with the NFT market. As buyers navigate this emerging digital landscape, the case highlights the importance of transparency and timely delivery in maintaining consumer trust.

The post Dolce & Gabbana Sued for 97% Value Drop-in Metaverse Outfit NFTs appeared first on Today NFT News.

SNEAK PEEK

Mercedes-Benz NXT and Mojito launched the ‘The Era of Technology’ NFT collection.

Collectors from select countries can purchase the NFTs starting May 21.

Discounts and mint passes are available for existing collectors of previous collections.

Mercedes-Benz NXT, the Web3 division of the renowned German automotive company, is set to launch a new NFT collection in collaboration with Mojito, a suite designed for creating NFT marketplaces. This collection, named ‘The Era of Technology,’ is the second of seven eras in the company’s ongoing ‘Icon’ series. A limited edition of 780 exclusive collectibles will be available starting May 21 at 18:00 CET, with the minting process open for seven days until May 28.

9/ We've prepared a calendar invite for you with the launch time. You can save it in your calendar and view it in your time zone:

→ https://t.co/4PlxsX3FJW

— Mercedes-Benz NXT (@MercedesBenzNXT) May 14, 2024

Due to regulatory and taxation requirements, only collectors from the E.U., Australia, Brazil, Japan, Singapore, South Korea, Switzerland, the U.K., the U.S., and Taiwan can participate. The price for each NFT is set at 0.08 ETH. Existing collectors of previous core collections, including Maschine, Mercedes-Benz NXT Icons, and Mercedes-Benz NXT Eternities, will receive a 30% discount. Superdackel holders are eligible for a 15% discount. Additionally, collectors of Maschine and Mercedes-Benz NXT Eternities will receive mint passes, allowing one free mint (excluding gas) or a reduced price.

The Mercedes-Benz NXT Icons collection celebrates the design heritage of Mercedes-Benz, with items created by the company’s design team led by Chief Design Officer Gorden Wagener. The series tells a story in seven eras, from the present to the early days of automotive history. The first era, ‘The Era of Luxury,’ focused on current car production and the brand’s design legacy in the digital age. The second era, ‘The Era of Technology,’ features six iconic cars produced between 2000 and 2017: Maybach Landaulet, Mercedes-Benz S 560 Cabriolet, Mercedes-Benz CLS 500, Mercedes-Benz G 63 AMG 6×6, Mercedes-Benz SL 65 AMG Black Series, and Mercedes-Benz SLS AMG Coupé. These items have 62 distinct traits organized into five visible categories, allowing fans to own a digital version of their favorite Mercedes.

4/ Supply – The maximum supply of 780 for ”The Era of Technology“ is exactly double the actually minted supply of the last era. We believe this is a good number to grow into and brings the Mercedes-Benz NXT Icons collection more attention.

— Mercedes-Benz NXT (@MercedesBenzNXT) May 14, 2024

Mojito’s APIs and SDKs form the backbone of Mercedes-Benz NXT’s Web3 infrastructure, combining blockchain, NFTs, and user-friendly interfaces. This platform blends the ease of Web2 with the transformative capabilities of Web3, facilitating streamlined token creation, customized smart contract deployment, automated token distribution, tiered discounts using token gating, and customer management and reporting. Mojito has also integrated WalletConnect and Metamask for seamless transactions.

Mercedes-Benz NXT’s inaugural core collection, Maschine, was created in partnership with renowned artist Harm van den Dorpel and the art collective Fingerprints DAO. This was followed by Eternities, a collection for a select number of Mercedes-Benz customers, and Superdackel, an homage to the iconic nodding dog dashboard toy ‘Wackeldackel.

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SNEAK PEEK

Château d’Esclans and BlockBar introduce an NFT edition of the renowned Garrus rosé.

Buyers receive exclusive perks, including a VIP tour and a lunch with the winery’s founder or vice president.

LVMH continues to expand into Web3 technologies with this innovative venture.

Château d’Esclans, owned by Louis Vuitton Moët Hennessy (LVMH), and BlockBar, a blockchain marketplace, has launched an NFT edition of the renowned Garrus rosé. This marks a significant step as Château d’Esclans becomes the first to sell a barrel of Garrus using BlockBar’s innovative leaderboard technology. According to Château d’Esclans, the Garrus rosé is crafted from 100-year-old vines and fermented in oak barrels.

This prestigious wine is now available as an NFT on BlockBar, allowing collectors to purchase a quarter barrel, equivalent to 150 liters or 200 bottles of the 2023 vintage. Buyers can select from three bottle sizes: Magnums, Jeroboams, or the substantial 1.5-gallon Methuselah. Purchasers of the Garrus rosé NFT will receive more than just wine. They will be invited for a VIP tour of the winery and vineyards in September, accompanied by three guests.

Château d’Esclans is making history with the first-ever sale of a barrel of Garrus using our new innovative leaderboard technology, exclusively on BlockBar.

As the first rosé on BlockBar, this single barrel is presented to wine collectors and aficionados who have the opportunity… pic.twitter.com/vVfdNiLKKt

— BlockBar (@BlockBar) May 13, 2024

Additionally, they will have lunch with the winery’s founder, Sacha Lichine, or Vice President Paul Chevalier and have their names etched on a barrel. Bidding for the NFT starts at $22,000 and will close on May 31. LVMH’s investment in Château d’Esclans and this NFT initiative highlight the company’s ongoing venture into Web3 technologies. In August 2021, LVMH introduced “Louis: The Game,” a free-to-play NFT offering.

By June 2023, they launched the VIA project, featuring a $41,000 digital chest. Recently, LVMH announced the sale of an NFT-linked varsity jacket in collaboration with Pharrell Williams. This partnership with BlockBar may signify a growing trend of integrating Web3 technologies into the luxury food and beverage sector.

The collaboration between Château d’Esclans and BlockBar is a notable example of merging traditional luxury with innovative digital solutions. This initiative not only offers wine collectors a unique product but also enhances their experience with exclusive perks. As LVMH continues to explore the metaverse, it sets a precedent for luxury brands to embrace and integrate emerging technologies.

The post Château d’Esclans and BlockBar Introduce $22,000 NFT Rosé Barrel appeared first on Today NFT News.

SNEAK PEEK

The Baby Doge NFT Marketplace launches tomorrow, offering a new platform for digital collectibles and AI-generated art.

Features integration with Baby Doge Swap to enhance liquidity and improve transaction processes.

Aims to foster a robust community by engaging users in creative and innovative digital interactions.

The eagerly awaited Baby Doge NFT Marketplace is set to debut tomorrow, marking a significant expansion in the vibrant world of digital collectibles. Aimed at the dynamic and growing web3 community, this new platform promises to revolutionize the way users engage with NFTs by offering unique, AI-generated memes alongside a broad selection of digital assets.

It's almost here, #BabyDogeArmy! The wait is over! Our much-anticipated Baby Doge NFT Marketplace launches Tomorrow!

Get ready to explore, create, and trade unique AI-generated memes and your favorite NFTs in the vibrant web3 space. Don't miss this! #BabyDogeNFT… pic.twitter.com/8EjkjHaDkW

— Baby Doge (@BabyDogeCoin) May 14, 2024

The Baby Doge NFT Marketplace will provide a versatile environment where enthusiasts can explore, create, and trade NFTs. It leverages advanced AI technology to empower users to generate their digital art and memes, facilitating a blend of creativity and innovation. This initiative is not merely a marketplace but a hub for artistic expression, enabled by the latest technological advancements in AI and blockchain.

This launch is supported by strategic partnerships, including an integration with Baby Doge Swap, designed to optimize liquidity and transaction efficiency for users. The marketplace is poised to build a robust community around its platform, focusing on engaging users not only as consumers but also as creators. The goal is to establish a sustained interaction within the platform, enhancing user experience and engagement through community-driven activities and initiatives.

As the countdown to the launch of the Baby Doge NFT Marketplace begins, the crypto community watches with anticipation. This platform is set to not only extend the Baby Doge ecosystem but also introduce a new era of user interaction within the NFT space. By combining AI-generated content with user-centric features, Baby Doge is paving the way for a more interactive and enriched digital collectible market. The upcoming launch could serve as a pivotal moment for NFT enthusiasts and the broader blockchain community, promising to deliver a comprehensive, innovative, and engaging digital experience.

The post Baby Doge NFT Marketplace Set to Enhance Web3 Experience with Tomorrow’s Launch appeared first on Today NFT News.

SNEAK PEEK

Pudgy Penguins partners with Target to bring its Ethereum-based NFT collection to life in the form of plush toys and figurines.

Each toy includes a unique ‘birth certificate’ QR code that connects to its digital blockchain traits.

The launch has significantly increased the floor price of Pudgy Penguins, showcasing the growing influence of NFTs in mainstream retail.

Pudgy Penguins, the beloved Ethereum-based NFT collection, has successfully expanded its presence into the physical retail space through a strategic partnership with Target, one of America’s leading retailers. This collaboration has introduced Pudgy Toys—adorable plushies and figurines inspired by the digital collection—to Target stores nationwide, alongside other major retailers like Walmart and Amazon.

The expansion continues.

Pudgy Toys with Pudgy World are now available in @Target.

More information below. pic.twitter.com/rOWVx4hTfS

— Pudgy Penguins (@pudgypenguins) May 12, 2024

In a bold move bridging digital and physical realms, Pudgy Penguins has launched over one million units of its Pudgy Toys line since last year. Each toy merges the tangible with the virtual by including a ‘birth certificate’—a QR code that reveals its unique on-chain traits when scanned. This innovative approach not only enhances the collectible aspect of these toys but also maintains the connection to their digital origins.

The introduction of Pudgy Toys to renowned retail giants has positively impacted the NFT’s market value. Since the announcement, the floor price of Pudgy Penguins has seen an 8% increase, rising from 11.3 ETH to 12.2 ETH. As Pudgy Penguins continues to cater to both on-chain enthusiasts and off-chain consumers, its market influence is expected to grow, further solidifying the link between digital assets and mainstream retail.

The successful crossover of Pudgy Penguins into top-tier retail venues marks a significant milestone in the evolution of NFTs from purely digital assets to integral parts of everyday consumer culture. This venture not only boosts the visibility of NFTs but also introduces a broader audience to the potential of blockchain technology through accessible, familiar formats. As Pudgy Penguins continues to innovate, it sets a promising precedent for the future interactions between digital and physical consumer spaces.

The post Pudgy Penguins Makes a Plush Landing in Major Retail Outlets appeared first on Today NFT News.

SNEAK PEEK

DMarket leads NFT sales charts but experiences a slight dip, ending its three-day streak of high earnings.

Significant transactions and activity observed with in-game items on the Mythos network highlight DMarket’s expanding market influence.

Examination of broader NFT market trends and top-performing collections on various blockchains including Bitcoin and Solana.

DMarket, a renowned name in the digital marketplace for in-game items, has once again topped the NFT sales charts despite a slight dip in its recent daily sales figures. On Monday, DMarket recorded sales totaling $835,028, momentarily falling short of its previous three-day streak of surpassing $900,000 in daily sales. This shift illustrates the volatile nature of the NFT market, where sales dynamics can change rapidly.

The collection, associated with popular games like Counter-Strike 2 on the Mythos network, saw a significant increase in market activity. Unique buyer numbers climbed to 4,034, while sellers reached 3,546, culminating in a robust 33,375 transactions for the day. This surge not only underscores DMarket’s growing influence but also boosts its all-time sales volume to an impressive $427.86 million.

Beyond DMarket, the NFT sector continues to see varied performance across different platforms and collections. Bitcoin’s blockchain notably facilitated the sale of $6.20 million worth of NFTs, marking a 22% increase from the previous day and edging closer to the $4 billion milestone in total NFT sales. Meanwhile, other collections like $CORE BRC-20 NFTs and NodeMonkes also reported substantial sales, indicating a healthy diversification in the types of assets drawing investor interest.

Guild of Guardians Avatars and Solana Monkey Business ranked fourth and fifth, respectively, on the same day, with sales demonstrating steady demand across multiple blockchains. Notably, Solana Monkey Business achieved $472,811 in sales with 66 unique buyers, highlighting its enduring appeal in the competitive NFT landscape.

While the top ten NFT collections continue to vie for dominance, fluctuations in daily sales are common and reflective of broader market trends. DMarket’s slight retreat in daily sales is part of the ongoing ebb and flow within the NFT space as new buyers enter the market and tastes evolve. As these digital assets continue to attract both casual collectors and serious investors, tracking these shifts can provide valuable insights into the future directions of the NFT market.

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