🖼 Louis Vuitton Bestows €7.9K Jacket by Pharrell to NFT Holders

Casting a spotlight on the NFT space yet again, Louis Vuitton recently introduced a premium western-inspired leather jacket accompanying an Ethereum-based NFT collectible dubbed ‘Varsity Blouson’. The apparel boasts suede buckskin, shimmering fasteners, and an intricately embroidered emblem, encapsulating the current enthusiasm for “cowboy fever”, as per Vogue, and the high-end collector’s market.

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💰 Polygon NFT Activity Rebounds in April, Driven by Dew

NFT activity on Polygon has gained traction in April. CryptoSlam data shows that the number of unique buyers of Polygon-based NFTs surged on April 18 to the highest level since June 2023. Over 36,000 NFT purchases were recorded on that day. Polygon ranks fourth among blockchain networks by NFT trading volume after Bitcoin, Ethereum, and Solana. As we reported via X, Dune data compiled by Sealaunch shows that Polygon NFT sales maintained above $1 million for seven consecutive days to April 18.

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🖼 Indie Gem ‘Crystal Armada’ Soars into the NFT Space

A visionary indie game development team is inviting players to fleet command in ‘Crystal Armada – Rise of Terra‘, a game that redefines strategic space engagement with its unique simultaneous turn-based execution system. Set against the backdrop of a galactic crisis, Crystal Armada offers an innovative approach to space battles, blending turn-based strategy with real-time action. Every move is meticulously planned, every outcome considered, crafting a thrilling dance of destruction where cunning and tactics are as vital as the might of your fleet.

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🖼 Trust Wallet Partners with GoMining to Introduce the NFT Collection Trust Box

Trust Wallet, a well-known web3 gateway and crypto wallet, has announced an exclusive partnership. The company says that it is integrating with GoMining (a prominent NFT platform) to introduce an exclusive NFT collection named Trust Box. On its official X account, the company revealed the latest announcement of the partnership.

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🖼 Crypto Champion Launches Today with New NFT Features

Crypto Champion, a web3 mobile and browser-based game, officially launches today after nearly three years of development. The game incorporates a dual-token system and features arena battles with five races to choose from — Undead, Elite Military, Cyberpunk, Western, and Fantasian — each with distinct traits and abilities. Crypto Champion also includes a pet system that players can evolve into NFTs to be traded or sold.

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🖼 NFT lending volume surpass $2 billion in Q1 as holders search for liquidity

The lending market based on non-fungible tokens (NFT) as collateral surpassed $2 billion in volume during the first quarter, sustaining growth of 44% compared to Q4 2023, according to a CoinGecko report.

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🖼 NFT Lending Market Top $2 Billion in Q1 2024

The latest report by NonFungible.com highlights a big milestone in the NFT lending world. In the first part of 2024, the market hit over $2 billion in volume, showing a 44% increase from the end of 2023. The quick rise is catching the eye of investors and NFT owners alike. It is quite easy to use your NFTs to secure a loan. Platforms for lending let users lock up their NFTs and get a loan in return. This means they can access cash without selling off their precious digital assets.

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📉 Justin Bieber’s $2 Million NFT is Now Worth Less Than $100,000

Celebrities often venture into uncommon realms seeking innovation. For Justin Bieber, the Non-Fungible Tokens [NFTs] space became a captivating pursuit. While the journey started strong, the volatile nature of the market has transformed it into a cautionary tale. Justin Bieber’s NFT portfolio, once valued at over $2 million, now languishes at a meager fraction barely exceeding $100,000.

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🖼 Yuga Labs ‘Lost Its Way’ Says CEO as Bored Ape NFT Maker Reveals Layoffs

Bored Ape Yacht Club creator Yuga Labs continued its recent shake-up by announcing a restructuring initiative on Friday, which will include a new round of layoffs following a previous wave last October. Yuga Labs co-founder Greg “Garga” Solano, who returned as CEO in February, announced the news via Twitter on Friday, sharing screenshots of a Slack message sent to the team.

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🔫 Young Europeans are spending money in the metaverse

European tweens are increasingly willing to spend money in the metaverse to buy virtual products. Almost half of eight- to 12-year-olds have already bought a digital product, and a third are even willing to spend their own money. Thirty-seven percent of young European parents whose children play in the metaverse say their child has spent money (their own or their partner’s) on digital products, according to the latest YPulse survey.

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🖼 Heba Ismail brings Saudi representation to NFT ecosystem

Saudi artist Heba Ismail showcased her work at the Outer Edge Innovation Summit in Riyadh this week. Commenting on her experience at the summit as one of the first Saudi artists to venture into the Web3 art scene, she said: “Having my paintings displayed on the event screens is a tremendous honor, offering global visibility and inspiring more Saudi and Arab artists to explore the diverse options available for sharing their art with the world.

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🖼 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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