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His "coming out" let Twitter into a frenzy and the collection's price dropped. He tried to explain why he abandoned the other projects but the backlash was very intense. Do you believe the collection prices will recover? Can we trust someone who has been involved in rug pulls?
💡The floor price of Azuki, one of the most traded OpenSea collections, declined from about 19 ETH to 7.8 ETH. This happened when Azuki's founder (Zagabond) in his post "A Builder's Journey," admitted his involvement in a few "rug pull" NFT projects.
#azukiNFT#NFTS#rugpull
This is yet a pilot project for some creators in the USA and will support NFTs on Ethereum, Polygon, Solana, and Flow. Curious to see how the adoption will be influenced by Meta's move.
💡Despite the NFT market slump, new collections are born and Web3 is expanding. Madonna launches her first NFT "Mother of Creation" with Beeple where she gives birth, and Instagram lets NFT collectors display verified NFTs.
#nfts#beeple#Madonna#Meta#Instagram
Sensorium and the Humanity 2.0 Foundation will develop the first-ever VR and NFT gallery hosting the Vatican’s art (manuscripts, masterpieces, and academic initiatives). It is unknown yet if those items would be available to purchase.
🤖Blockchain technology is definitely not the first topic for discussion in the Vatican. But, now the church will use blockchain to extend the availability of the Vatican’s heritage to people.
#NFTs#NFTCommunity
On Tuesday Kraken said that users will not incur any gas fees for trading NFTs that are kept with Kraken. Also, Kraken will feature a “rarity score” which means users won’t require a third-party site to verify items. The Kraken team said it will launch in "the next few months".
💡Kraken is among those crypto exchanges that is striving to get in on the NFT market. The platform promises zero gas fees as it is one of the main issues for the NFT community. The well-known minting of The Otherside NFTs proved there’s still room for improvement.
#kraken#nfts
Blockchain technology adoption in the sports world keeps growing. Algorand will be the second blockchain company to sponsor the World Cup 2022 in Qatar. It will help FIFA in developing a digital asset strategy. What exactly this means is not yet specified.
#NFT#FIFA22#Algorand
Probably it will be releasing branded NFTs. Also, Algorand is preparing a crypto wallet for the football federation based on its blockchain. At the same time, FIFA will grant advertising, and media exposure for Algogrand.
Sports collectibles generated $25 billion of trading volume in 2021 and this sector continues to grow.
Recently, the NFL allowed teams to sign blockchain sponsors and partners but any promotion is prohibited.
This week NFL releases Draft-themed NFT collectibles inspired by each of the 32 league’s teams. Each team offers 52 NFTs that sell for $52. Each NFT is a kind of “virtual commemorative ticket” for the NFL Draft, but it's not an actual pass to the live event in Las Vegas.
#NFTs
Anyone who connected an Ethereum wallet would receive a free airdrop of virtual land—even if they didn’t own an Ape. In total, 91 NFTs were stolen with a total value above $2.8 million. The BAYC team didn't share any details on potential plans to reimburse affected NFT holders.
💡The account was hacked on Monday and it shared a link to a website with a fake airdrop. The scam website claimed that Yuga Labs is offering free NFT land for its upcoming Otherside metaverse game.
#BAYC#NFTs#NFTCommunity
There's a similarity with Instagram because users are able to show off their collections, follow other users, favoriting NFTs, or observe Coinbase's recommendations on what is trending. How hard do you expect this new marketplace to onboard new users in the NFT space?
💡After months of delay, Coinbase stated that its NFT marketplace is now in beta. It can be accessed by "a small set of users from a whitelist". Currently, it supports only Ethereum but it will expand.
#Coinbase#NFT