Web3 Week Highlights: Blur's Season 2 Token Airdrop, Frenpet's P2E Gaming Surge, and Ethereum's Blast Network Pre-Launch Buzz...
NFT Weekly News #31 20th Nov- 26th Nov
NFT News Weekly Update #31
(20/11/2023-26/11/2023)
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 |Trader Claims $11M in Blur's Season 2 Airdrop (Nov 23)
In Blur's recent season 2 airdrop, a pseudonymous trader "hanwe.eth" claimed 22,851,000 BLUR tokens, valued at around $11.2 million. Blur, an NFT marketplace, allocated 300 million tokens (about $146 million) as rewards to incentivize platform trading. While 38,000 addresses have claimed 267 million tokens so far, some, like NFT whale Jeffrey Hwang, expressed dissatisfaction with their rewards. Hwang's quick sale and repurchase of 1,010 NFTs around the airdrop time raised suspicions of a potential wash trade to maximize profits from the airdrop.
📌Web3|"Frenpet" Rises in P2E Gaming Scene (Nov 21)
"Frenpet," a Tamagotchi-like app, allows users to mint and care for pixel art pets, earning ETH and using the $FP token. Gaining traction post a Coinbase Wallet mention, the app, in beta, features pet fights and various activities. Despite technical issues and scaling challenges, it remains popular for its engaging gameplay and financial incentives.
📌Web3|Over $400M Locked in Unlaunched Ethereum Network Blast (Nov 25)
Ethereum's layer-2 network Blast has attracted over $400 million in crypto deposits before its launch, offering high yields on staked Ethereum and stablecoins. Despite its potential, there are concerns about its safety and the model's sustainability, with some experts cautioning against the risks of pre-launch investments. The project's rapid growth and investor enthusiasm highlight the speculative interest in new blockchain technologies.
2023 Nov 29 update : TVL / $621,350,541
Market Update 📣
To find out more about the notable NFT sales for the week, please click on the link below.
Other News 👀
NFT|Azuki DAO Becomes 'Bean', Drops Lawsuit Against Founder (Nov 25)
Azuki DAO has rebranded to "Bean" and abandoned its lawsuit against founder Zagabond over a $39 million NFT minting issue. Bean, transitioning into a memecoin project in the Ethereum layer-2 Blast ecosystem, has raised $10 million for its development. The DAO also revised its token distribution plan, previously showing an outdated allocation.
NFT|Square Enix Reveals 'Symbiogenesis' NFT Auction Dates (Nov 24)
Square Enix will auction its 'Symbiogenesis' NFTs in three phases: Nov. 27-28, Nov. 30-Dec. 4, and Dec. 2-3, with early access for stakeholders and allowlist campaign participants. The Ethereum-based NFTs tie into their upcoming blockchain game 'Symbiogenesis', set to launch on Dec. 21. This follows Square Enix's earlier ventures into NFTs and its partnership with Web3 provider Elixir.
NFT|Taproot Wizards Names Rijndael as New CTO (Nov 22)
Bitcoin ordinals startup Taproot Wizards names Rijndael as CTO after securing $7.5 million in funding. The company, leveraging bitcoin ordinals for NFTs, is part of a trend causing higher Bitcoin transaction fees. Rijndael's focus is on expanding Bitcoin culture and hiring a full-stack engineer. Taproot Wizards will mint 2,121 NFTs, inspired by a vintage wizard drawing from Reddit.
Web3|CoinGecko Acquires NFT Data Firm Zash (Nov 22)
CoinGecko acquires NFT data firm Zash, integrating its extensive analytics on over 1 million NFT collections into CoinGecko's API by Q2 2024, broadening its data scope to include both fungible and non-fungible tokens. Acquisition terms remain undisclosed.
NFT|Cool Cats NFT Debuts at Macy's Thanksgiving Day Parade (Nov 23)
Cool Cats NFT, featuring characters like Blue Cat, appeared as a Macy's Parade balloon, aligning with their new YouTube series and hoodie launch. Despite market downturns, the collection, originally by artist Colin Egan, maintains a 0.99 ETH floor price.
NFT|Bitcoin Ordinals Amplify Anti-Fiat Sentiment (Nov 24)
The 2023-launched Bitcoin Ordinals collection, commemorating Satoshi Nakamoto on Bitcoin’s 15th anniversary, highlights anti-banking themes. It contrasts Bitcoin's fixed supply with fiat's government susceptibility, featuring art with burnt U.S. currency, critiquing traditional finance.
AIGC|OpenAI's Leadership and AGI Safety Concerns (Nov 24)
OpenAI's recent leadership changes, involving CEO Sam Altman, spotlight the safety and ethical concerns surrounding artificial general intelligence (AGI). The situation underscores the need for responsible AI development, focusing on mitigating biases and ensuring transparent, accountable use of AI technologies.