DeFI News by Thebittimes.Com

Yuga Labs, the digital asset incubation studio and the team behind the popular Bored Ape Yacht Club and Mutant Ape Yacht Club non-fungible token collections, has finally sold the intellectual property (IP) for the CryptoPunks NFT collection. The digital asset firm, which acquired Punks IP in 2022, has sold it to Infinite Node Foundation (NODE), a nonprofit focused on digital art. Speculation about Punks’ IP sales began looming in January 2025. Yuga Labs Sells Punks IP To NODE In a May 13 blog post, Yuga Labs confirmed that it has finally sold the intellectual property (IP) for the CryptoPunks non-fungible token collection to Infinite Node Foundation (NODE). The acquisition of CryptoPunks NFT IP, plus its additional $25 million endowment, establishes NODE as “the most well-capitalized non-profit dedicated solely to digital art in the United States of America. The Infinite Node Foundation (NODE) is pleased to announce the acquisition of the intellectual property of @crypto...

When President Donald Trump took office earlier this year, bitcoin (BTC) was at an all-time high, and the crypto industry was euphoric. Now, just over six weeks later, reality has set in. Plotting specific metrics on a graph shows an avalanche of downward trendlines toward recession. Protos has compiled a chart of major assets, indices, and metrics relevant to any investor since the day Trump became president for the second time, proving it would have been better to have bought the rumor and sold the news of Trump’s ostensibly pro-crypto administration. Niche sectors within crypto have performed particularly poorly but macro metrics like unemployment have also suffered. Since Inauguration Day, crypto’s combined market cap has declined $800 billion, while BTC has lost nearly one-third of its value, plummeting from an all-time high of just over $108,000 on January 20 to a little over $75,000 early on Monday . This is despite Trump promoting the currency multiple tim...

The International Federation of Association Football (FIFA) has partnered with Mythical Games to create FIFA Rivals, a new Web3 mobile game officially licensed by the global sports organization. FIFA and Mythical Games have integrated Mythos Chain, a renowned blockchain network created exclusively for gaming, to power their new non-fungible token-based game. Today, we announced a groundbreaking partnership with @FIFAcom! 🎉 Together, we are launching @FIFARivals, an officially licensed football mobile game scheduled for release on iOS and Android. Are you ready? ⚽ https://t.co/MymoLx8vTU pic.twitter.com/MNraVOKogM — Mythical Games (@playmythical) November 22, 2024 FIFA Taps Mythical Games To Launch An NFT Game In a November 22 blog post, Mythical Games confirmed that they have partnered with FIFA to launch a new non-fungible token mobile game, FIFA Rival. This game will be a free-to-play game launched on iOS and Android in the summer of 2025. Nonetheless, the ...

The non-fungible token market has started taking the crypto world by storm again. In the past seven days, the NFT market has recorded a whopping $179 million surge, the highest trading sales volume since April 2024. Punks are breathing fire and are up a staggering 665%. In this article, we have listed some of the best NFT market platforms to trade NFTs amid the NFT market surge. By description, non-fungible token marketplaces (NFT marketplaces) are online blockchain platforms facilitating non-fungible token trading between parties. These marketplaces serve as a hub where creators and collectors can participate in the creation, purchase, sale, and exchange of NFTs. Before digital NFT marketplaces were created, it was difficult for NFT buyers and sellers to connect. 1. OpenSea NFT Marketplace OpenSea is one of the best NFT market platforms in the NFT ecosystem. It offers several NFTs in different categories, such as digital art, collectibles, domain names, photography, music, PFPs, ut...

The non-fungible token market, which became oversaturated with low-quality projects and speculative investments, leading to a loss of trust among investors and enthusiasts, has started regaining a foothold again in various sectors. This time around, NFT technology is finding use cases in real life to revitalize services and delivery. Indonesia has leveraged this new technology to launch its first NFT stamps. Indonesia Launches First NFT Stamps In a recent Instagram post, the Indonesian National Post Office confirmed launching the country’s first NFT postage stamp. The Indonesian postal body unleashed its project during its 79th anniversary event in Bandung, Indonesia. The Indonesian National Post Office has joined hands with the Indonesian Ministry of Communications and Information to launch its new NFT stamps. Based on site publication, the new NFT post stamps are valued at approximately $9.90 and feature the image of the Cenderawasih bird, also known as the bird of p...

Over the past several years, crypto marketing teams have been vying for the eyes of millions of sports fans through sponsorship deals with some of the world’s most popular clubs, teams, and franchises. These firms have paid millions to rename arenas, display their branding front and center during tournaments, and take up valuable real estate on shirts, jerseys, and merchandise. And, needless to say, they’ve launched way too many tokens. The burgeoning relationship between crypto and sport shouldn’t come as a surprise. After all, top-level sport gives sponsors access to a global audience of literally billions of people who they know will be watching week in, week out. On the other side, many of these partnerships give this audience the opportunity to engage with their club, team, or favorite players. It appears to be a match made in heaven. Of course, things don’t always work out — see the collapse of FTX after inking numerous sponsorship deals, or th...

Explore the thrilling universe of new Web3 games set to revolutionize the gaming landscape in 2024. With many analysts forecasting 2024 to be a landmark year for the blockchain gaming industry, an exciting wave of web3 gaming titles that have been eagerly awaited and previously announced are gearing up for their official launch, fueled by an increasingly positive sentiment pervading the broader Web3 space.  These games promise heightened player enjoyment and an immersive experience underpinned by transparency, security, and the potential for real-world earnings, all thanks to the power of blockchain. With that in mind, let’s start the year with a list of existing and upcoming Web3 games that players and investors might want to monitor in 2024. Top 7 Web3 games to watch for in 2024 Shrapnel In 2021, Neon, one of the leading Web3 gaming companies, successfully raised over $10.5 million to fuel the creation of what looks set to be one of the most popular Web3 games , Shr...

Tech magnate Elon Musk once called adding NFTs to X “annoying” and a waste of engineering resources. Social media platform X has removed Features and information related to non-fungible tokens (NFTs) as part of owner Elon Musk’s 2024 vision for the private firm. Due to the change, premium subscribers can no longer upload NFTs as their profile photos.  The company’s support page has also been scrubbed of all content about NFT profile photos. X onboarded NFTs for account avatars in January 2022, when the platform was still called Twitter and managed by a board.  At the time, Twitter Blue subscribers could use NFTs as their profile photos, which appeared hexagonal. Users could upload digital collectibles minted under the ERC-721 or ERC-1155 token standards, the defacto options for creating NFTs on Ethereum’s blockchain. You might also like: X (Twitter) obtains license to trade crypto in Rhode Island The feature also provided additional information when clicked upon, inclu...

Heavy metal band Megadeth took to X on Dec. 5 to announce the introduction of its 5,000-piece generative collection featuring the band’s mascot, Vic Rattlehead.  This initiative transforms beyond a traditional fan club, emerging as a community owned by the fans. Introducing @MegadethDigital. Our 5000-piece generative collection featuring Vic Rattlehead brought to life in a new way by our talented artist @TheHaddy. Live on December 22nd, you'll have the opportunity to unlock doors in the real and metaverse world alike, gaining access to… pic.twitter.com/Ed9YxqCTe6 — Megadeth (@Megadeth) December 5, 2023 As part of the announcement, the band shares that the collection , MegadethDigital, brought to life by artist TheHaddy, is set to go live on Dec. 22. The collection will offer participants access to exclusive merchandise and VIP experiences, including opportunities to acquire signed items and engage in one-on-one conversations with the band members. You might als...

A CryptoPunks NFT recently sold for 600 Ethereum (ETH), worth $1.14 million, representing the largest single NFT sale over the past seven days and the second-largest last month. The sale, involving CryptoPunk #7458, occurred on Nov. 6 at Larva Labs. Interestingly, the recipient address is relatively new, with the NFT purchase representing its second transaction. The address had received 360 ETH from a Coinbase address two hours before buying the NFT. NFT data aggregator resource CryptoSlam confirms that the recent transfer represents the largest single NFT transaction over the last week. In addition, the transaction is also the second largest in the past month, only behind a Cryptoadz collectible, which sold for 1,055 WETH, worth $1.655 million at the time of the sale. You might also like: Blur token skyrockets as NFT sales surpass the $10m mark CryptoPunks dominate NFT sales volume Notably, the recent sale has compounded the cumulative sales volume of the CryptoPunks col...

37xDubai founder Danilo Carlucci said that the gallery uses NFTs based on the Tree of Life art display as their membership token. The 37xDubai art gallery , which will be opened to the public later in October, aims to educate artists and art aficionados on nonfungible tokens (NFTs) and the broader Web3 ecosystem through workshops that will be held in the gallery after its official launch.  Cointelegraph sat down with Danilo Carlucci, the founder of investment firm Morningstar Ventures and the art gallery 37xDubai, based in the Dubai International Financial Centre (DIFC). Carlucci spoke about their goals with the new art gallery and why they are diving into NFTs and Web3 despite the conditions of current markets. First look at where NFTs will be displayed at the 37xDubai gallery. Source: 37xDubai According to Carlucci, the gallery is “an effort to bridge art and technology in one place.” Being a more traditional venture capital fund, the executive said that the art gallery is Mor...

Alongside the declining trading volumes, the number of Bitcoin Ordinals transactions dropped by 97% to just 20,571 in mid-August. DappRadar has pointed to an “alarming plunge” in Bitcoin Ordinals nonfungible token user activity, with trading volume s tanking around a whopping 98% since May. In an Aug. 17 report, DappRadar highlighted its data showing that the total Bitcoin Ordinals sales volume had decreased from peak levels of $452 million in May to roughly $3 million as of Aug. 14. In line with that drop, the number of transactions also declined by around 97% to 20,571 within that same time-frame. Ordinals trading volume and sales count. Source: DappRadar. DappRadar described it as a grim scenario for the Ordinals market, but did also emphasize that more time is required to determine whether this is a “temporary setback” or something that represents a “systemic problem of Bitcoin-based NFTs.” “This steep decline in both sales volume and count within such a short period is alarmi...

Coca-Cola, the world’s largest soft drinks brand, has launched its NFT collection on the new Coinbase layer-2 network Base.  Coca-Cola has taken another stride into the digital art with its inaugural NFT collection on the Coinbase layer-2 network Base. As part of Coinbase’s “Onchain Summer” event, the beverage giant unveiled its Masterpiece collection, a fusion of revered artworks and contemporary creations intertwined with the iconic Coca-Cola bottle. ᴏɴᴄʜᴀɪɴ 🟡 ꜱᴜᴍᴍᴇʀ@CocaCola is bringing their Global Masterpiece campaign onchain with iconic works from leading artists. Mint now: https://t.co/xTWyI3O7IW pic.twitter.com/9wxFgt8qOh — Coinbase ️ (@coinbase) August 13, 2023 The Masterpiece collection encompasses artworks like Edvard Munch’s “The Scream” alongside contemporary pieces from emerging artists. This artistic amalgamation pays homage to Coca-Cola’s legacy while embracing the possibilities of digital creativity. Yo...

Binance said it will provide ten free chances for users to generate artwork every day. Crypto exchange Binance’s nonfungible token (NFT) arm announced the launch of its artificial intelligence (AI) NFT generator that lets users produce custom artworks using AI technology.  On July 26, Binance NFT said its AI NFT generator dubbed “Bixel” is now permanently available for its users . According to the trading platform, the tool allows users to generate unique digital art and join the world of NFTs. However, those who wish to use the tool are required to complete the platform’s know your customer (KYC) identity verification process. Binance explained that:  “This critical measure is in place to maintain a trustworthy and secure platform for all users, aligning with best practices and regulatory requirements.” In addition, those who wish to mint NFTs using the tool are also required to pay a minting fee of 0.008 BNB (BNB), which is around $1.9 at the time of writing. According to Bina...

Base’s layer-2 mainnet has launched, allowing builders to deploy contracts, while users will be welcomed to the network in August. Coinbase’s Base mainnet is now “open for builders,” according to a July 13 blog post from the network’s development team. The team is opening the network to builders ahead of its public launch to allow more time  for user onboarding. Base also announced that the public launch of the network will occur in August. Since our testnet launch, we’ve connected with incredible builders and watched their projects thrive on Base. Now it’s time to take the next step: Base mainnet is now open for builders.https://t.co/YvlQxquhvY — Base ️ (@BuildOnBase) July 13, 2023 Coinbase announced the creation of the Base network on Feb 23. The team claimed that the network would be a layer-2 of Ethereum and would use the OP Stack software used by Optimism. The announcement was celebrated in the Ethereum community, as many users saw it as a ‘massive confidence vote’ for Et...