The new social app has driven over 4,400 ETH ($8.1 million) in trading volume in less than 24 hours since its launch, far surpassing OpenSea’s in the same time frame. But with its mysterious origins, lack of privacy policy and lagging network, it raises some red flags.
DeGods Sales Leap as Artwork Evolution Is Unveiled
Early Thursday morning, the popular NFT project shared its plans for “Season III,” sending DeGods’ sales soaring. In the past 24 hours, trading volume increased nearly 200% to 1,359 ETH, or about $2.5 million.
After Co-Founding Salesforce’s Web3 Studio, Mathew Sweezey is Bullish on Smart Tokens
The former Salesforce executive who entered Web3 during the NFT boom of 2021 sees smart tokens, aka the ERC-5169 token standard, as a gateway for companies to create new digital ownership opportunities.
Coca-Cola and Friends With Benefits Headline Base’s ‘Onchain Summer’ Web3 Festival
Coinbase’s layer 2 network is celebrating its launch with Onchain Summer, a multi-week series of Web3 activations across art, gaming and music.
Grimes Made More Money With NFTs Than in Her Entire Music Career: Wired
In a recent interview, the artist claimed that she hopes that NFTs and crypto can “come back” to help compensate digital artists.
NFT Trading Volume Is Sinking, But It’s Not Stopping Developers From Entering Web3
According to Alchemy’s Q2 Web3 Development Report, while NFT trading volume fell 41%, almost six million smart contracts were deployed across chains including Ethereum and Polygon.
Beeple Goes Punk With $208K NFT Purchase
The artist behind the most expensive NFT ever sold bought his first-ever PFP, CryptoPunk #4593.
The Ordinals Team is Creating a Non-Profit to Support Bitcoin NFT Developers
The team behind the Ordinals protocol, led by Casey Rodarmor, has created the Open Ordinals Institute to grow its ecosystem without compromising neutrality.
An F1 Team Might Take a Bored Ape Across the U.S. Grand Prix Finish Line
As a part of an ongoing partnership with the Williams Racing team, crypto exchange Kraken will allow fans to submit and vote for NFTs that will be displayed on cars during the U.S. Grand Prix in October.
NFT Now Cuts Jobs in Restructuring Move
Alejandro Navia, President of NFT Now, tweeted that the Web3 publication had “over-hired.” Meanwhile, another founder of NFT Now’s Twitter was hacked over the weekend.
Suku May Beat Musk to Crypto Twitter Payment Adoption
Last week, Web3 wallet Suku teamed up with Polygon to release a free open-edition NFT collection – during which users minted over 50,000 NFTs on Twitter.
Palm Foundation to Scale Its Native Network to Support NFT Minting and Trading
In partnership with Consensys and Polygon Labs, the Palm Network will evolve to facilitate more efficient NFT minting and trading for its 1.7 million registered wallet addresses.
Animoca Brands Invests $30 Million in Crypto Payments Application Hi
In order to perform KYC on its users, hi will soon utilize a Proof of Human Identity solution that helps prevent bots from transacting on its layer 2 network.
From Vintage to MNTGE: Digital Fashion Brand to Release NFT Patches Linked to IRL Rewards
The patches were designed by 11 artists, including Jen Stark, Nyan Cat creator Christopher Torres and Bored Ape Yacht Club artist Seneca, and are embedded with NFC chips.
Solana-Based NFT Marketplace Exchange.art to Expand into Ethereum
Larisa Barbu, COO of Exchange.art, told CoinDesk that the marketplace had planned to expand beyond the Solana ecosystem since its launch in 2021.
OpenSea Makes ‘Deals,’ Launches Peer-to-Peer NFT Swaps
The new feature allows collectors to trade NFTs directly with each other as well as add WETH to “sweeten the deal.”
Digital Art Platform Prohibition Taps Arbitrum to Democratize Generative Art
Created by Web3 innovation studio Venture Punk, Prohibition allows any artist to create generative art on-chain, utilizing the Art Blocks Engine.
Unstoppable Adds Support for ENS Domains
The domain provider will also offer auto renewal for the .eth domains as well as the ability to use fiat payment methods like credit cards.
Co:Create Releases Web3 Loyalty App on Shopify
The app allows over 4 million Shopify businesses to implement blockchain-based loyalty and rewards programs from their storefront.
Hip-Hop Collab Teams PUMA, Roc Nation and Legitimate for Sneaker Release
The three models of sneakers celebrate the 50th anniversary of hip-hop and each one has an NFC chip owners can scan to claim an NFT and access exclusive music content.