🖼 NFT artwork by humanoid robot sells at auction for nearly $700,000

A digital artwork by humanoid robot Sophia was sold at auction on Thursday for $688,888 in the form of a Non-Fungible Token (NFT), the latest sign of a frenzy in the NFT art world. NFTs, a digital signature saved on blockchain ledgers that allows anyone to verify the ownership and authenticity of items, have become the latest investment craze, with one artwork selling this month for nearly $70 million.

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🖼 Web3 Platform Galaxis Tips NFTs To Create Sustainable Communities

One of the major barriers to widespread adoption of NFTs has been a skepticism of their utility and value, with many viewing digital collectibles as nothing more than speculative assets. That’s the assumption that Galaxis, a brand-new no-code solution for NFTs, is looking to challenge. Let’s take a look at how Galaxis is reshaping the digital collectibles landscape, unlocking new ways for creators and artists to engage and interact with their communities.

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🖼 Yuga Labs and Moonbirds Introduce Enhanced NFT Holder Rights

Moonbirds NFT collection has announced significant changes to its copyright model. The collection, now owned by Yuga Labs, declared that holders would need exclusive rights to commercialize their NFTs. This marks a departure from the previous Creative Commons CC0 copyright status, which allowed free commercialization. The change aims to align Moonbirds with Yuga Labs’ other successful properties, like Bored Ape Yacht Club and CryptoPunks.

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🖼 Aethir and Magic Eden team up on Web3 NFT gaming projects

Aethir, a distributed GPU cloud computing company, has teamed up with Magic Eden, the leading multi-chain non-fungible token (NFT) platform globally. The aim is to revolutionize Web 3.0 gaming by creating a unified gaming ecosystem that combines Aethir‘s enterprise-grade GPU infrastructure — dubbed GPUs as a service — with Magic Eden‘s NFT platform, establishing Magic Eden as the go-to NFT platform for Aethir’s gaming clients.

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🖼 AnimeCoin Launches ‘Gacha Grab’ Game With Ethereum NFT Collection Azuki

AnimeChain project in March, the AnimeCoin Foundation—the group behind the eponymous token—launched a web-based game called Gacha Grab on Monday. Like a virtual slot machine inspired by Japanese gachapon toy vending machines, “Gacha Grab” tasks players with spinning the dial to earn points and prizes, including one of eight digital Gachapons each with a different reward level. Each spin in Gacha Grab costs 100 credits and grants one Gachapon collectible.

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🖼 Casio Joins NFT Bandwagon Via Astar zkEVM Partnership

Casio, one of the world’s premier watch brands, has joined the race for Non-fungible tokens (NFTs) in collaboration with Astar zero-knowledge Ethereum Virtual Machine (zkEVM). The Casio watch NFTs is scheduled to go live on May 1. According to the announcement, this new development is targeted at commemorating Casio’s 50th anniversary. Astar Network also took to X to announce the significant collaboration with Casio.

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🖼 Azuki NFT Leads With Record Sales Amid Market Downturn

As the cryptocurrency market faces substantial downturns, Bitcoin (BTC) recently plummeted to its lowest point since February. Meanwhile, the Ethereum-based Azuki has surged to unprecedented levels within the non-fungible token (NFT) sector, recording sales of $1.13 million, which crowned it as the leading NFT collection of the day, based on data from CryptoSlam.

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🖼 Man City NFT Cards Dish Out ‘Money Can’t Buy’ Prizes Today

Today, Man City is taking strides into the web3 scene yet again. This time around, with a collection of NFT cards on Animoca Brands subsidiary Quidd (an Ethereum-based NFT marketplace). The ‘Manchester City 2023-24’ NFTs, dropping today at 7 pm (BST), features 266 cards spread over 22 sets, including 23 coveted ‘Metal Shinies’ representing each player and the football team’s esteemed manager.

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🖼 NFTs merge art with technology to preserve cultural treasures

CityX’s Pop-Up Expo showcases the fusion of art and technology by digitizing traditional artworks into enhanced NFTs, ensuring cultural preservation amid modern challenges. In an era where cultural heritage faces threats from conflict, neglect and the ravages of time, integrating technology with art preservation is becoming increasingly vital. Innovative events that merge art with digital technology play a crucial role in safeguarding and revitalizing these cultural assets.

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🖼 NFTBank V2 Launches with Mechanism for Detecting Bulk NFT Purchases

NFT Bank, the NFT management platform that allows users to track their NFT investments has launched the NFTBank V2. The new platform comes with multiple upgrades, including the ability to connect up to 3,000 wallets giving users a consolidated view of their assets, which the company believes can also be useful for NFT tax filing.

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🖼 Wojak Finance Launches GenX NFT Collection

Wojak Finance, known for raising the bar in the cryptocurrency world, is launching the GenX NFT collection, which consists of 100,000 unique pieces. This collection is poised to change forever how we perceive value creation on social media platforms by transforming social media interactions into tangible rewards. Wojak Finance has garnered acclaim for its decentralized, community-based advertising platform, which operates primarily through Twitter. Its latest GenX NFT is more than just a digital collectible.

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🖼 NFT Market Sees Over 30% Decline in Weekly Sales

From April 27 to May 4, 2024, non-fungible token (NFT) sales amassed $164.4 million, reflecting a 30.16% decrease compared to the previous week. Leading the field in blockchain sales, Bitcoin-based NFT sales totaled $56.81 million, experiencing a 41.57% drop from the preceding week.

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🖼 Wojak Finance Unveils Social Media Monetization with GenX NFTs

Wojak Finance has announced the launch of its GenX NFT collection, a set of 100,000 unique digital assets, allowing users to earn rewards through social media interactions. The GenX NFT collection is one of several initiatives by Wojak Finance’s decentralized advertising platform, which primarily operates through Twitter. The platform aims to offer users tangible benefits and earn $BWJ tokens for their participation.

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🖼 Web3 Social Hub UXLINK to Airdrop NFTs to 500K Top Users

The well-established web3 social hub, UXLINK, with its impressive user base exceeding 5 million, is gearing up to introduce novel NFTs in the form of airdrop vouchers. These ‘IN UXLINK WE TRUST’ NFTs are distinct and set to benefit 50,000 of the social hub’s most interactive users. All NFT holders will receive perks like future UXLINK tokens and NFT airdrops, community governance roles, and priority access to related projects.

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🖼 NFT Artist Michelle Thompson Launches New Collection on Rarible

Michelle Thompson, a British illustrator and collage artist, is launching a new NFT collection on Rarible scheduled today and will be powered by Base, an Ethereum L2 blockchain network. Her previous NFT collections on Ethereum, including “Rodeo Remix,” “Lasso,” and “Bomb,” were well received within the NFT community with each collection featuring mix of analog and digital processes inspired by vintage magazines and advertising.

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🖼 Snoop Dogg Partners With Footwear Brand Skechers To Launch NFT-Branded Sneakers

Snoop Dogg, an American Rapper, media personality and crypto investor, has partnered with Skechers, a renowned footwear brand, to launch non-fungible token-branded sneakers. The new sneakers collection will feature an image of Snoop Dogg’s Bored Ape Yacht Club NFT collection. Forj is a blockchain company aimed at accelerating the growth of the Web3 IP ecosystem, powered by notable companies like Animoca brands and Apechain.

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🖼 Cristiano Ronaldo Faces Legal Setback Over ‘CR7’ NFT Promotion

Renowned football star Cristiano Ronaldo is facing a legal setback as U.S. judge recently refused to dismiss a class action lawsuit against him. The lawsuit centers on Ronaldo’s endorsement of Binance, the popular cryptocurrency exchange, and its CR7 NFTs, alleging that his promotional efforts led investors to make unsafe and costly financial decisions. The class action lawsuit, filed in Florida, seeks damages exceeding $1 billion as plaintiffs argue that Ronaldo’s promotional activities influenced them to invest in Binance and related NFTs, resulting in substantial financial losses.

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🔵 OpenSea NFT Trading Volume Hits Historic 3-Year Low

OpenSea, a non-fungible token (NFT) marketplace, faces a significant challenge with its daily trading volume in ETH NFTs. This volume has dropped to its lowest point since May 2021, with figures currently hovering around 600 ETH per day. OpenSea hit a record for the lowest monthly sales volume since the initial NFT bull market surge. Analysis from a Dune Analytics dashboard shows that OpenSea’s NFT sales for April ended at just $97 million.

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🖼 NFT Trader loses $145k worth of BAYC to phishing attack

An NFT trader recently lost over $145,000 worth of Bored Ape Yacht Club (BAYC) collectibles to a phishing attack amid the growing rate of scam schemes that have plagued the cryptocurrencyo scene. On-chain security platform PeckShield brought attention to the movements in an X post on May 9.

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