NFT Weekly News #15
24th July - 30rd July, 2023
NFT News Weekly Update #15
(07/24/2023-07/30/2023)
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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Top News 🔝
📌NFT|17 Zombie CryptoPunks just rose from the dead from an inactive wallet (July 27)
Click the link above to know more
📌NFT | The British Museum Partners with The Sandbox to Create NFTs and an Interactive Metaverse Space (July 28)
The British Museum is partnering with Ethereum-based metaverse game The Sandbox and French startup LaCollection to create NFT digital collectibles reflecting the museum's collections. Additionally, the museum will establish its own immersive space within The Sandbox, joining other brands like Adidas and Gucci. This initiative continues the museum's embrace of innovative digital technology, following previous collaborations on NFT collections.
📌NFT|Making a Profit from NFT Trading: Dylan Field's $7.5M Trade (July 27)
Dylan Field, CEO of Figma, bought a rare CryptoPunk (Punk #7804) for $15k in 2018. Despite a significant market crash, he held onto it until its value surged. He eventually sold it for 4,200 ETH ($7.5M) in 2021, turning a substantial profit and highlighting the emotional connection and speculative nature of NFTs.
Market Update 📣
To find out more about the notable NFT sales for the week, please click on the link below.
Other News 👀
NFT|Pudgy Penguins' Success at Comic Con and Impact on the Market (July 24)
At Comic Con, Pudgy Penguins experienced a successful weekend, selling thousands of toys to a non-NFT native crowd. This was significant as the toys come with digital collectibles that could serve as onboarding for the digital space. The Pudgy Penguins projects also performed positively in trading volume, contrasting with the broader market downtrend. The success showcases the brand's unique revenue model that doesn't rely on selling new mints to its holders.
NFT| Bored Ape Yacht Club's Launch of "Made by Apes": A New On-Chain Licensing Platform for NFT Holders (July 25)
Bored Ape Yacht Club (BAYC) has launched "Made by Apes," a unique platform allowing BAYC and Mutant Ape Yacht Club (MAYC) owners to license their ape-themed NFTs for their projects. Starting from July 25, holders can register their products or businesses with this license, marking the first-of-its-kind on-chain licensing for a club of builders. The initiative will serve as a unifying mark that verifies genuine products made by BAYC and MAYC holders, supporting the community of builders who have already launched various businesses and products with BAYC's intellectual property.
NFT| NGMI by XCOPY receives a 1 year, 130 ETH loan on NFTFi (July 26)
Click the link above to know more
Web3| Excitement and uncertainty over the metaverse in new study
A survey conducted by KPMG of 767 business executives reveals a general belief in the impact of the metaverse on businesses and consumers but a lack of understanding and preparation. While 60% believe the metaverse will significantly impact their operations, only one-third feel adequately prepared. Though a majority plan to increase or maintain investments in the metaverse over the next 2-10 years, few are currently investing more than 5% of their tech budget. Nearly two-thirds anticipate conducting business meetings in the metaverse within the next decade, but a clear roadmap appears to be lacking.
AIGC| OpenAI and NVIDIA’s make pact on AI model with 10M AI GPUs (July 25)
OpenAI and NVIDIA are reportedly in discussions to create a groundbreaking AI model that would connect up to 10 million AI GPUs, setting a new standard for processing power in the AI era. NVIDIA, having already supplied about 20,000 AI GPUs to OpenAI, may expand further in this collaboration. The enhanced processing power is expected to have wide-ranging benefits, impacting industries and applications such as medical treatments and metaverse development.
AR&VR | Meta adds Quests to Horizon Worlds (July 25)
To increase user engagement in the metaverse, Meta has launched Quests in Horizon Worlds, a VR live-interactive experience accessible via the Meta Quest VR headset. During the spring, Meta tested quests in several games, with rewards like new clothing options for avatars. The quests, now available in the Worlds Menu, include tasks like changing avatars' clothing and emotes, and they note the rewards that users will receive upon completion.
Web3 | Gamefam, Warner Music, and Roblox push virtual concerts forward(July 25)
LA-based metaverse game developer Gamefam is partnering with Roblox and Warner Music Group (WMG) to host Bebe Rexha's first-ever Roblox concert on July 28. Gamefam, operating the largest network of Roblox metaverse games worldwide, aims to offer immersive musical experiences. By utilizing traditional optical motion-capturing devices, the virtual concert is designed to feel “real and personal,” allowing fans to experience Rexha's music in the virtual world and enabling the artist to connect with a new community of fans.
Web3 | Shanghai bares metaverse blueprint (July 27)
Shanghai's city government has unveiled a strategic plan to enhance sectors utilizing blockchain technology, the metaverse, and its digital yuan or central bank digital currency (CBDC). Key targets include building blockchain-based platforms for commodity trading, creating a carbon accounting system to enhance the current carbon trading system, expanding metaverse applications beyond culture and tourism into legacy industries, and introducing blockchain courses at universities for specialized training. The city aims for a $7B gain from metaverse investments in tourism and has a 5-year plan to leverage these technologies for economic growth.