Are you ready for some NFTs news?
We've prepared a new article that covers the latest news and updates in the world of Web3 and NFTs. Read on to stay up-to date!
Contents
📈 Macro - $MOOVE, via Cow Cow;
🗞️ Last week's news - Magic Eden, Kraken, Tokenproof, GameStop, Fractal;
💰 Investments/Financing - Lens Protocol, Argus Labs, Oxalus, HyperPlay;
📣 Projects news/Updates - Doodles, RTFKT, Yuga, Pudgy Penguins, Saga Festival;
⚖️ Legal - Metaverse Lawyer writes about the publication of the MiCA in the Official Journal of the European Union;
🐈 Veefriends - VeeFriends at the National Sports Collectors Convention;
⚙️NFTility, by Mtk - HAPE;
📚 Dictionary - Royalties, Doxxed / Undoxxed;
💸 Sale of the week - Fidenza for $1.2 million;
📈 Macro
Cow Cow is probably the best known collection of NFTs on MultiversX, being an NFT project that started in Romania but has an international reach. They brought that NFT project vibe to the ecosystem like we find in ETH or Solana ecosystems. And now they are preparing for an epic party, where the entry will be in MOOVE - the new ecosystem currency. Below we have some explanations from them about what's coming up.
"Cow Cow is a web3 brand born through the collection of NFTs. Basically we are talking about digital native IP, whose first product is NFTs. But the goal is to become a brand known in every household through various other products: merch, toys, movies, animations, games, comics, etc.
Cow Cow therefore proposes the concept of community-owned IP. This kind of crypto-native brand is a new model for developing IP projects, allowing community involvement at an early stage.
Moove Protocol
The project has entered a new phase of development, namely the launch of the Moove Protocol and the $MOOVE token.
MOOVE is the utility token that is the core of the Cow Cow ecosystem, but also of what is to be developed around the Moove Protocol. MOOVE is designed to be a sustainable, long-term, next-generation utility token.
Moove Protocol can be seen as a social initiative designed to foster a community of builders, creators and visionaries to develop the future of the web3. The initiative aims to provide a new standard for community-driven tokens, where everything is decided on community-based.
Next MOOVE
Obtaining the MOOVE token is only possible via cows. It all started from supply 0, with each cow being able to get 5 tokens per day via staking.
The first utilities were participation in various raffles, based on vouchers, with prizes in NFT or eGLD directly. The largest of them having a prize of 100 eGLD.
The first major element in tokenomics is a DeFi element, namely the party. In short, a virtual party, which will take place on 30 June, where people will be able to attend based on a ticket worth 500 MOOVE. Whoever attends gets a SKIN of the NFT as well as an upgrade of MOOVE mining power, and will then receive 15 tokens per day.
A new generation of tokens, with a very interesting model and a clear principle: built around a community. For more details, https://www.mooveprotocol.ai/."
Thanks to the Cow Cow team for the support of the NFT Bucharest warm-up. The above message is provided by the Cow Cow team and does not represent financial advice.
🗞️ News from last week
- Magic Eden now allows users to register and trade domains such as .btc, .gm, .sats, .magic and others. Goodbye gm messages, hello gm domains!
- Kraken is launching an NFT marketplace with support for 250 collections and promises zero gas fees and multiple payment options.
- Tokenproof has offered exclusive access to Paris Hilton's "Icons Only" concert for owners of rare avatars from the 11:11 Media Collection.
- GameStop is partnering with Illuvium and launching a collection of 20k NFTs on June 12, offering various benefits to owners, including early access to Illuvium games.
- Fractal, a company founded by one of the co-founders of Twitch, is launching a web3 game studio called FStudio. The goal? To allow developers to easily integrate NFTs and crypto.
💰 Investments / Financing
- Lens Protocol gets $15M funding to continue development of their Web3 Social protocol.
- Web3 gaming studio Argus Labs secures $10M to develop gaming network on Ethereum blockchain.
- Oxalus, a Vietnamese blockchain receives $1.1M from IDGCVB and Kyber Ventures for the development of their social trading platform with NFTs.
- HyperPlay raises $12M in a financing led by Griffin Gaming Partners and BITKRAFT Ventures for a Web3 game launch platform.
📣 Projects news / Updates
- A teaser of MapleStory Universe features a Doodles character, anticipating their integration into a gaming ecosystem with over 180M users.
- RTFKT is working with talent agency CAA to expand its intellectual property into film and television projects.
- Yuga released a teaser with HV-MTL and Bored Ape Kennel Club, hinting at future activations, along with the launch of HV Viewer.
- Pudgy Penguins CEO unveils Overpass, a Web3 licensing platform for NFTs, aiming to generate sustainable real-world revenue.
- Saga Festiva introduces the first NFT ticketing system at a festival in Romania, offering benefits and access to exclusive areas.
⚖️ Legal
MiCA has been published in the Official Journal of the European Union!
The regulation on crypto asset markets (MiCA) was published on Friday in the Official Journal of the European Union, kicking off the entry into force of landmark crypto licensing rules.
The full law, published alongside related legislation, requires crypto wallet providers to identify their customers when they transfer funds, gives crypto companies such as exchanges and wallet providers a license to operate across the EU, and introduces new financial and governance requirements for stablecoin issuers.
This comes as US cryptocurrency operators face significant uncertainty, with the Securities and Exchange Commission (SEC) suing Binance and Coinbase (COIN) on the grounds that tokens traded on their platforms constitute regulated financial instruments. But it's ok that they now want to remove Gary Gensler from the SEC board.
The publication signals the official passage of a draft law into the EU statute book. Legally, the two laws enter into force in 20 days' time and its provisions apply on 30 December 2024, with certain provisions entering into force slightly earlier, on 30 June 2024.
🐈⬛ Veefriends
VeeFriends at the National Sports Collectors Convention! Get ready for an unforgettable experience with VeeFriends, where attendees have the opportunity to immerse themselves in the world of collectibles with GaryVee, complete their collections, or rate their books and connect with other collectors. An event where passion, nostalgia and the pleasure of book collecting come together perfectly.
Last week over 50 VeeFriends card enthusiasts connected virtually with GaryVee through the VeeFriends platform. The lively discussions covered a variety of interesting topics including the development of Compete & Collect, a preview of upcoming VeeFriends activations at the National Sports Collectors Convention, and the continued evolution of VeeFriends IP.
Phase 2 of the Snoop Dogg x VeeFriends collaboration on Eruption 7 has ended. 317 PTaSB NFTs were burned. The participants with the highest scores, the top 11 places, will receive rare NFTs from the BAYC ecosystem and $APE.
⚙️ NFTility
The conversation I had over the weekend with Matt Sypien, founder of Hape Prime made me understand even better why the digital fashion segment will indeed be a turning point in the fashion industry.
Hape was one of the most titled collections early last year and features 8,192 highly attentive 3D primates in their metaverse attire. The characters are dynamic and can change their clothes and accessories, allowing them to improve their position in the Fashion Index on the project's platform.
Digimental studio, the team behind the project, was recently Matt Sypien, founder of acquired by Vertex Labs for US $12MM. Following the merger, Digimental will focus on developing the 3D metaverse platform LightCycle dedicated to the fashion industry and beyond...
One of Hape's collaborations with direct utility is with Diesel through the "Diesel x Hape: Antidote to the Status Quo" collection. Holders of such a token can redeem a limited edition physical item until July 6.
On 14 June, together with DRESSX, they will launch the HAPEX collection. I don't normally talk about future launches of the projects I write about, but if you're interested in the fashion industry and how technology can help it, I think it's important to find out how you could take an active part in creating the next fashionverse.
We are seeing how big companies are absorbing more and more of this market, but not all companies will understand web 3 culture. We are at the beginning of a period where creativity, with the help of blockchain technology, can lead to the rapid creation of a huge number of Cult Brands that will disrupt the fashion industry and I am hopeful that some will be born in Romania, with your help.
Until nextm time, go out there and disrupt yourself.
📚 Dictionary
- Royalties - These are the fees set by the creator of a collection of NFTs, generally ranging from 0-10%. Whenever the NFT in question is traded, the creator receives a percentage. Basically for artists/creators, it is the strongest argument for the adoption of NFTs. However, it is becoming increasingly clear that royalties are not (yet) guaranteed by a smart contract. Rather there still needs to be a middle-man (see OpenSea or XOXNO), who needs to pass on these "royalties".
- Doxxed / Undoxxed - Generally refers to the teams behind various projects, whether they have known identities or not. When the team is assumed and puts their reputation on the table, depending on the credibility they have (or don't have) from the past, the chances of them "running away with the money" are usually lower.
💸 Sale of the week
Another million-dollar sale from Fidenza. Specifically $1.2M. Fidenza #545 was sold for 625 ETH. A year and a half ago it was bought for 275 ETH. Nice ROI!
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