Web3 Market Recap :$PEPE ,Sam Spratt Auction , Friend.tech …
NFT Weekly News #19 21st Aug- 27th Aug
NFT News Weekly Update #19
(08/21/2023-08/27/2023)
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 🔝
📌Web3|Members of $PEPE team allegedly dump $16.9 million worth of tokens (Aug 24)
The $PEPE memecoin team allegedly transferred 16 trillion tokens (~$16.9 million) to exchanges after reducing multisig security. This sparked concerns of a rug pull or hack, leading to a 17% token value drop. A team member later claimed on Twitter that three colleagues had stolen the funds.
📌NFT | Spratt's Journey: From Creative Void to Web3 Art Stardom (Aug 22)
New York's Sam Spratt, once struggling with creative inspiration, took the Web3 art scene by storm with his 'Luci project'. His recent masterpiece, "The Monument Game", which emphasizes community engagement, raked in a staggering $1.8 million. The artwork was auctioned for 420 ETH, supported by a 1010 fund with notable backers including the Gran Signore @CozomoMedici, @gmoneyNFT, and @Rhyd0n.
📌Web3|Friend.tech Drives Base's Daily Transactions Past Ethereum, Attracting OnlyFans Creators (Aug 25)
Boosted by the popular social app, Friend.tech, Base, Ethereum's layer-2 solution, now sees more daily transactions than Ethereum itself. While this surge is impressive, caution is noted as many could be from bots. Interestingly, the recent launch of a photo-sharing feature on Friend.tech is drawing many creators from OnlyFans. Built on Base, the platform utilizes "keys" to access private chats, collecting ETH sales in a smart contract. To date, over 116,000 users have deposited a hefty $74.4 million in ETH.
Market Update 📣
To find out more about the notable NFT sales for the week, please click on the link below.
Other News 👀
NFT|Daily Noun Auctions Since August 2021: Noun #822 Acquired by @cdixon on Twitter and Transferred to elena.eth (Aug 25)
Since August 2021, a Noun is auctioned daily with proceeds to a treasury. Every 10th sale benefits Nouns holders. They have CC0 copyright for open creative use. Noun #822 was bought by Twitter's @cdixon and transferred to elena.eth at address 0xAB6a4b6720fd6ab349FD394cE5028730877593a9.
NFT| NFT collector SOL Big Brain loses around $1.5 million to phishing scam (Aug 25)
NFT collector SOL Big Brain lost $1.5 million to a phishing scam. He received a convincing Telegram message from a seemingly trusted source, urging him to claim vested tokens. Despite verifying the sender's identity in group chats, it was later revealed the account had been hacked. The scammer used authentic details and mimicked a genuine vesting site. SOL Big Brain lamented his misjudgment on Twitter.
NFT|Azuki Announces Collaboration with NFL Star Patrick Mahomes' NFT Platform Museum of Mahomes (Aug 23)
Azuki has announced a partnership with NFL star Patrick Mahomes' NFT platform, Museum of Mahomes. The collaboration will see the launch of exclusive Patrick Mahomes 'IKUZO' physical cards for Azuki NFT holders. Additionally, Azuki will distribute community badges for the event to holders of Azuki, Elementals, BEANZ, and Bobu.
NFT| Ex-OpenSea Manager Jailed for NFT Insider Trading (Aug 23)
Former OpenSea manager, Nathaniel Chastain, received a three-month prison sentence for insider trading with NFTs. He bought NFTs, foreseeing their promotion on OpenSea's homepage. Apart from jail, Chastain faces home confinement, a $50,000 fine, and must forfeit 15.98 ether. The case emphasizes the legal challenges in the digital assets realm.
NFT| BAYC Unveils HV-MTL Forge Rift Opening on September 7th (Aug 25)
The Bored Ape Yacht Club (BAYC) has shared details about the HV-MTL Forge game's upcoming 'Rift' on September 7th. HV-MTL holders should amass energy and develop tiles to access the Rift and earn potential upgrades. Successfully navigating the Rift leads to a 'raid boss battle' with $Ape rewards up for grabs. This transition marks the game's shift from casual world-building to a competitive dungeon crawl, with implications for the leaderboard system.
NFT | Steam's Crypto & NFT Game Dilemma (Aug 22)
Despite Steam's ban on blockchain-based games with cryptocurrencies or NFTs, developers are finding workarounds. Some remove these features from their Steam versions or redirect users to external sites for NFT transactions. Additionally, Steam is cautious about games using AI-generated art due to potential copyright issues.
Web3 | Blackpink's Metaverse Debut on Roblox (Aug 22)
Blackpink, the renowned K-pop group, is launching "Blackpink: The Palace" on Roblox, marking their premiere on the platform. Created by UK-based Karta, this interactive hub debuts on Aug 25, letting fans immerse in the band's music, learn dance moves, interact with avatars, and shop for exclusive items. Players earn Roblox in-game currency. This move comes after other K-pop stars like NCT 127 and Stray Kids engaged with Roblox. The South Korean government, backing the metaverse trend, is also investing heavily in its development.