Ming Hooi

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Oct 27 2022

Is Reddit Heading For the Metaverse After Its NFT Collectibles Surge?

Oct 27 2022 Published at Ethereum World News under tags  news nfts

Social media giant Reddit has been making waves in Web3 thanks to the recent spike of interest in its NFT-based Collectible Avatars. Through seamless onboarding and vibrant artwork, Reddit Avatars have won the hearts of many, including non-NFT enthusiasts. With that, some are beginning to speculate that the forum-based website could be heading for the metaverse after its latest success with NFTs. Is...

Oct 25 2022

Reddit NFTs Surge in Popularity as Collections Reach More Than 3 Million Crypto Wallets

Oct 25 2022 Published at Ethereum World News under tags  news nfts

Reddit NFTs have been all the rage, with the platform's users reportedly creating over 3 million crypto wallets to scoop up these Polygon-based digital avatars. Many believe that having a smooth onboarding process for non-crypto- native users and free airdrops are the main reasons behind the collectibles' popularity. In the middle of what many perceive to be a crypto bear market, Reddit NFTs or...

Oct 23 2022

Frank from DeGods Shares His Proposal on How to Enforce NFT Royalties in Solana

Oct 23 2022 Published at Ethereum World News under tags  news nfts

As NFT royalties continue to be widely discussed and debated, DeGods NFT creator Frank shared his own proposal on how to address the royalties fiasco. According to his plan, Frank envisions a new token standard that prevents NFTs from interacting with a list of blacklisted contracts. The list may include smart contracts of marketplaces that evade creator fees. He also suggests voting for...

Oct 18 2022

Azuki Reveals Physical Backed Tokens for On-Chain Ownership of Physical Items

Oct 18 2022 Published at Ethereum World News under tags  news nfts

Japanese anime-themed NFT project Azuki has introduced Physical Backed Tokens (PBT). It is a new token standard that ties a physical item to a digital token on Ethereum. The exciting technology boasts potential applications, such as decentralized authentication of goods, on-chain ownership tracking, and the use of physical products to build digital experiences. According to Chiru Labs, PBT will redefine how brands tell...

Oct 13 2022

Yuga Labs Founders Pledge $1 Million to Support Higher Education in their Hometown Miami

Oct 13 2022 Published at Ethereum World News under tags  news nfts

Yuga Labs has committed $1 million in funding to support arts and education efforts in Miami - a vibrant city where Bored Ape Yacht Club was born. To get the ball rolling, the firm has donated $300k to the Venture Miami Scholarship Funds, supporting students in need to pursue a bachelor's degree in STEM majors. Here's how Yuga Labs is giving back to...

Oct 10 2022

Blue-Chip Solana NFT Project DeGods Has Opted for 0% Royalties. But Is This the Best Way Forward?

Oct 10 2022 Published at Ethereum World News under tags  news nfts

Royalties have been the lifeblood supporting NFT creators to build and thrive in the world of Web3. But with top Solana NFT project DeGods leading the way to remove royalties, what consequences will it bring to the NFT ecosystem? DeGods, one of the top Solana NFT brands, has done away with its royalty fee. This also applies to y00ts - an upcoming NFT...

Oct 06 2022

Cool Cats NFT to Expand Web3 Gaming Offerings with Strategic Investment from Animoca Brands

Oct 06 2022 Published at Ethereum World News under tags  news nfts

Cool Cats has received an undisclosed amount of strategic investment from blockchain gaming giant Animoca Brands. The exciting partnership will see Cool Cats expanding its Web3 gaming offerings by tapping into Animoca's deep gaming expertise. About Cool Cats' partnership with Animoca Brands Cool Cats Group LLC, the company behind the Cool Cats NFT collection, has secured a strategic investment from blockchain gaming giant...

Oct 03 2022

What is SWEAT? A New Move-to-Earn Token by Mobile Fitness App Sweatcoin

Oct 03 2022 Published at Ethereum World News under tags  crypto cryptocurrency nfts sweat

SWEAT is a new cryptocurrency introduced by the move-to-earn platform Sweatcoin. Users can mint the token by simply banking their steps on the app every day. Best part is, it costs little to nothing to start earning SWEAT. On September 13th, Sweatcoin, the highly popular mobile fitness app, launched SWEAT - a new cryptocurrency that can be minted with movement. With that, the...

Sep 29 2022

What is Sudoswap? The First Automated NFT Market Maker for Web3 Degens

Sep 29 2022 Published at Ethereum World News under tags  news nfts sudoswap

Launched in May 2022, Sudoswap is the first automated NFT market maker that aims to solve the lack of liquidity in the NFT market. Instead of having to trade directly among themselves, users can deposit NFTs and ETH into liquidity pools, allowing others to buy or sell NFTs through these pools. If you've ever tried trading NFTs, you will surely know how illiquid...

Sep 27 2022

Pixelmon NFT Attempts Comeback Under New Leadership Team from LiquidX

Sep 27 2022 Published at Ethereum World News under tags  news nfts

Web3 project aggregator LiquidX has taken over the developments of Pixelmon. The team has revamped its NFT artworks with plans for an Alpha game in Q1 2023. ICYMI: Kevin's got a new look too. Read on to find out more. LiquidX has taken over the Pixelmon NFT project Pixelmon, a blockchain game known for the infamous Kevin NFT, has announced a new leadership...

Sep 24 2022

What are Soulbound Tokens? All You Need to Know About this Non-Transferrable NFT

Sep 24 2022 Published at Ethereum World News under tags  nfts

Soulbound tokens (SBTs) are non-transferable, non-tradeable digital assets representing your identity and achievements in Web3. As SBTs can establish provenance and reputation, these tokens may see widespread adoption in DeFi, social media, and many more aspects of our life. Back in May, Ethereum co- founder Vitalik Buterin published a paper about soulbound tokens (SBTs), describing them as the building blocks for a decentralized society...

Sep 21 2022

MoonPay x Universal Studios Team Up to Create An NFT-Based Scavenger Hunt

Sep 21 2022 Published at Ethereum World News under tags  news nfts

Moonpay and Universal Studios have launched a real-life NFT-based treasure hunt. The crypto payment platform will release up to 7 million NFTs claimable at Universal Studios Florida and Hollywood as part of the Halloween Horror Nights event. Park guests only need to scan QR codes at participating attractions to claim these NFTs. No crypto wallet is ever required. Mark your calendars, as the...

Sep 17 2022

Yuga Labs to Raise $50 Million with New NFT Collection Mecha Apes

Sep 17 2022 Published at Ethereum World News under tags  news nfts

Yuga Labs is reportedly launching a new NFT collection called Mecha Apes. According to reports, the parent company of BAYC is looking to raise $50 million from the upcoming collection. Based on a leaked Yuga Labs pitch deck, these new NFTs may be related to the Otherside metaverse. Is Yuga Labs releasing a new NFT collection? According to crypto media outlet Protos, Yuga...

Sep 16 2022

Doodles NFT Secures $54 Million in a Seven Seven Six Led Funding Round

Sep 16 2022 Published at Ethereum World News under tags  news nfts

Doodles NFT has raised $54 million at a $704 million valuation. With this capital, Doodles will expand its IP throughout the music, culture, and entertainment industries. Alexis Ohanian's Seven Seven Six led the round, with participation from Acrew Capital, FTX Ventures, and 10T Holdings. Doodles are ready to expand its reigns with a bigger war chest After staying quiet for the entire month...

Sep 15 2022

Yuga Labs Issues Grant to Create a CryptoPunks Newsletter

Sep 15 2022 Published at Ethereum World News under tags  cryptopunks news nft nfts yuga labs

Yuga Labs has awarded the first CryptoPunks NFT grant to @ricgalbraith and @lorepunkdoteth to run a Punks-centric newsletter, Punks Post. The newsletter will capture important events and promote networking opportunities within the Punks community. Once it goes live, fans can access Punks Post via two token- gated channels in the official Discord channel. Yuga will also announce more grant opportunities for other NFT communities...

Sep 14 2022

Magic Eden Launches MetaShield, a Controversial Royalty Enforcement Tool

Sep 14 2022 Published at Ethereum World News under tags  news nfts

MetaShield will allow creators to flag or blur the images of listed NFTs that bypass royalties. According to Magic Eden, the move is necessary to protect creators' royalties. Once a "shielded" NFT is bought, it would incur a debt for the unpaid royalty. Only those who pay off the debts can "unshield" the affected NFTs. What you need to know about Magic Eden's...

Sep 13 2022

Ethereum Name Service (ENS) Domain Names Have Surpassed 2.3 Million Registrations

Sep 13 2022 Published at Ethereum World News under tags  news nfts

Ethereum Name Service (ENS) domain names have clocked in more than 2.3 million registrations. It is now one of the top 3 collections on OpenSea by 30-day volume. Speculation and adoption among prominent individuals are possible factors behind the hype for ENS domains. ENS domains remain in favor despite the crypto bear market This just in. The total number of Ethereum Name Service...

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