NFT Weekly News #13
10th July - 16th July, 2023
NFT News Weekly Update #13
(07/10/2023-07/16/2023)
GM
Welcome to NFT Weekly News by Threekeyslab🗝️🗝️🗝️. Here you can find the latest curated news📰in the NFT world. Every week, we aim to provide a selection of the most interesting news and events that are fostering the development of the NFT world.
The NFT field is constantly evolving, and this article will review last week's Top🔝NFT news. Let's take a look👀together!
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Big News 🔝
📌Web3|Enabling New Blockchain-Based Experiences on Google Play (July 12)
Google Play is updating its policies to allow blockchain-based transactions, including NFTs, within its apps and games. The policy aims to foster innovative experiences while ensuring user trust and safety. Developers must transparently inform users about tokenized digital assets and not promote potential earnings from trading these assets. Gambling-related restrictions apply to apps allowing exchanges of money for digital assets. Google Play continues to engage with developers to improve support for blockchain-based applications.
📌Web2 | Creator Payouts Revolutionize Twitter: Five Predictions (July 14)
Twitter's introduction of creator payouts is predicted to cause significant changes:
An influx of content duplicators hoping to monetize others' original threads.
Fast-paced changes to the platform's algorithm to manage the new content dynamics.
An exponential increase in quality as top creators invest more resources into content creation, similar to the trend observed on YouTube.
Increased competition, with platforms like LinkedIn and Threads being pushed to respond to Twitter's move.
Convergence of features and functions across different platforms as they compete for user engagement.
Overall, these changes are just the start of a bigger shift in the creator economy on Twitter.
📌NFT|PUSHIN PUNKS: PunksOTC Purchased 16 CryptoPunks From BeanieMaxi For $3.5M USD(July 14)
BeanieMaxi and PunksOTC recently conducted a substantial swap involving 16 CryptoPunks valued at 1,875 Eth, or around $3.5 million. This trade included a Zombie and five Hoodie Punks. Currently, the Zombie is listed for 588.7 Eth.
Market Update 📣
To find out more about the notable NFT sales for the week, please click on the link below.
Other News 👀
NFT|Orlando Ho's Major Acquisition of Memeland Captainz Boosts His Collection to 123 (July 11)
Orlando Ho, heir to a $2.5 billion fortune from his father, Stanley Ho, a renowned casino tycoon in Macau, has made a significant move in the digital collectibles market. He recently acquired 48 Memeland Captainz, a popular non-fungible token (NFT) series, expanding his total collection to 123 Captainz. His bullish action has caught significant attention and is adding further momentum to the already burgeoning NFT market.
NFT| Nouns DAO proposes to spend 5,678 ($10.6M) on Alien CyptoPunk (July 13)
Click the link above to know more
NFT| Yuga Labs announces ApeFest will take place in Hong Kong on Nov 3 - 5 (July 14)
Yuga Labs, creator of Bored Ape Yacht Club (BAYC), will host ApeFest 2023 in Hong Kong from Nov 3-5, aiming to uplift the community amidst a struggling NFT market. This year's event will focus on city exploration and local experiences, open only to BAYC and Mutant Ape Yacht Club holders.
Web3| NFT phisher charged over OpenSea lookalike scam (July 10)
Soufiane Oulahyane faces charges for allegedly creating a fake OpenSea website and using sponsored search engine links to trick victims into providing their login details. A victim known as "Hank666" reportedly lost assets worth around $449,000 after Oulahyane used the stolen credentials to transfer and sell the victim's crypto assets and NFTs. Charges include wire fraud, access device fraud, and aggravated identity theft.
Web3| Big Tech out? EU seeks to be front and center of metaverse (July 11)
The European Commission aims to foster an open and interoperable metaverse, estimated to reach $887.9B by 2030. The EU seeks to prevent Big Tech firms like Meta, Microsoft, and Apple from dominating this emerging field. The commission plans to assemble creators and media companies, establish regulatory sandboxes for metaverse testing, launch skills development programs, and address privacy, disinformation risks to ensure a secure and inclusive digital environment.
Web3 | How the metaverse assists state and local governments (July 12)
Cities are exploring the metaverse to improve urban planning, services, and citizen engagement by using VR, AR, and IoT. Benefits include immersive experiences, enhanced access to services, and real-time data analysis. Examples include Orlando's virtual model for investors and NYC's traffic optimization. However, strong cybersecurity measures and diverse teams are needed to address security and privacy concerns.