NFT Weekly News #9
12th June - 18th June, 2023
NFT News Weekly Update #9
(06/12/2023-06/18/2023)
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!
(Please don't forget to subscribe below and follow Threekeyslab on Twitter for more! )
Big News 🔝
📌WEB3| Ordinals recursive inscriptions could unlock 3D video games🎮 on Bitcoin (June 12)
Ordinals developers have introduced recursive inscriptions, a new feature that allows inscriptions to interact with each other. This innovation bypasses the 4 MB size limit on contents within a Bitcoin block, enabling the creation of larger inscriptions.
More on recursive inscriptions:
https://twitter.com/LeonidasNFT/status/1668098460766052353
https://www.dethings.com/app/h5/#/pages/common/topicDetail/topicDetail?id=7965
📌NFT | Meet the Mysterious🪬 NFT Tycoon: 'FAF' Splurges Millions on Bored Ape Yacht Club and Stakes Big in APE Crypto (June 12)
Over 2600E ($4,500,000) in BAYC buys over the last 5 days
Over 1500E ($2,600,000) spent on other NFTs
Over $1,500,000 in freshly staked $APE
Meet "FAF", the anonymous max-bidding (and max-staking) whale who is trying to single-handedly save your bags
Ps : now known to be @Pimpcapital
📌NFT|Three Arrows Capital’s NFT collection sold for almost $11mn💰at auction (June 16)
Three Arrows Capital, a collapsed cryptocurrency hedge fund, sold its digital art collection at Sotheby's for nearly $11 million, setting a new record for NFT sales. Among the 37 artworks, Dmitri Cherniak’s “Ringers #879”, also known as “The Goose,” was sold for $6.2 million. The sale signifies the continuing interest in NFTs, particularly generative art, despite a broader decline in the NFT market. The auction attracted almost 1,000 bids from 17 countries, with over half of the participants under 40.
Ps :The buyer of Goose is 6529 NFT fund
Market Update 📣
To find out more about the notable NFT sales for the week, please click on the link below.
Other News 👀
NFT|VC SevenSevenSix picked up their first Fidenza (June 14)
@alexisohanian, a prominent entrepreneur, has acquired a Fidenza NFT. Notably, not many venture capitalists have done the same. As the NFT market matures, Fidenzas may become coveted assets. What seemed like an unlikely prediction a year ago, the regret among wealthy tech individuals for not owning a Fidenza, appears increasingly possible today.
Web2| Reddit users are boycotting the site for 48 hours, and Discord is perfectly positioned to pick up the slack (June 13)
During a 48-hour Reddit blackout, staged by users to protest new charges for third-party app developers, Redditors are turning to alternative platforms like Discord to stay connected. A Reddit moderator, u/SpicyThunder335, listed Discord servers such as The Positivity Network and Unexpected Friends for engagement. Discord, initially for gamers, now caters to various interests. The Reddit blackout involves 7,266 subreddits, affecting 2.6 billion subscribers and 28,000 moderators, with numbers increasing.
Web3| HSBC and Standard Chartered pressed by Hong Kong regulator to take on crypto clients (June 15)
HSBC and Standard Chartered, along with the Bank of China, are facing pressure from the Hong Kong Monetary Authority (HKMA) to accept crypto exchanges as clients. The HKMA questioned these banks on their reluctance to onboard crypto exchanges, emphasizing in a letter that diligence on potential customers should not create an undue burden. This move by the HKMA is in contrast to actions taken by countries like the U.S., where regulatory bodies are increasing scrutiny on crypto exchanges.
AIGC| Runway unveils Gen-2
The latest version of their text-to-video tool empowers users to effortlessly create stunning videos in seconds from simple text input, accessible on both web and mobile platforms.
AIGC| DeepMind, Google's AI division, introduces AlphaDev
A Reinforcement Learning agent capable of autonomously discovering faster sorting algorithms. With its advanced computer science algorithms, AlphaDev surpasses decades of human benchmarks set by engineers and scientists, revolutionizing the field.
AIGC | Leaked Images Suggest Instagram May Be Working on an AI Chatbot with Multiple Personalities
Leaked images by Alessandro Paluzzi hint at Instagram's potential development of an AI chatbot, offering users the option to choose from a range of 30 AI personalities for answering questions and providing advice. While Instagram has not officially confirmed or denied these rumors, it has sparked speculation about the platform's future direction.
NFT | Kraken Unveils Gas-Free NFT Marketplace (June 13)
Kraken revolutionizes NFT trading with a gas-free marketplace and 250+ collections. Browse, buy, and sell NFTs with ease on Kraken NFT. Integrated with Polygon blockchain and partnered with Reddit for collectible avatars. Discover more in their latest announcement.
NFT | $14.5k loan on two Rolexes in NFT Lending Protocol (June 15)
A person borrowed $14,500 by using two Rolexes as collateral through a blockchain-based system. The watches were held by an escrow company which issued NFTs (non-fungible tokens) representing ownership. The borrower can use these NFTs to secure funds globally at 12% APR, avoiding high-interest local pawnshop loans. If the borrower defaults, the lender can use the NFTs to claim the watches. This example illustrates a practical and easily understandable use of NFTs for asset-backed lending.
Web3 | Blur to increase circulating supply by 40% with new token unlock (June 13)
NFT marketplace Blur is releasing around 196 million BLUR tokens, which is about 6.5% of the total supply, leading to a roughly 40% increase in circulating supply. The tokens are divided among core contributors (115.6 million), investors (75.4 million), and advisors (4.9 million). This release is scheduled for June 14.
Web3 | a16z expanding to UK: Crypto start up School coming in 2024 (June 12)
a16z plans to base the next iteration of its Crypto Startup School accelerator program in the U.K. in spring 2024. It also announced a $43 million investment in the U.K.-based Gensyn, a crypto-meets-A.I. startup that Dixon described as an “Airbnb for GPUs.”
Web2 | Elon announces first block of creator revenue share payment totals $5M (June 12)
Elon announced content monetization. This is going to change Twitter forever. The people who take advantage of this early will make life changing money.