Latest happenings in the Web3 space as we bring you the biggest news stories from the week. From project updates to market developments, we’ve got you covered. Let’s dive right into the news!
Azuki 24-Hour Vote for Elemental Backgrounds
Azuki, a popular project, has announced a 24-hour vote to determine the fate of their elemental backgrounds. Taking place on their website, this vote will have implications for the project’s future.
While the floor price might not be the most significant factor, rebuilding trust and delivering value to holders will be crucial.
Artifacts Animus
Artifacts Animus, a project that airdropped eggs in November 2022, released a teaser about their upcoming activation.
However, due to delays caused by Monolith 2, the activation was postponed. Speculations arise about potential mechanics, such as earning or questing for Animus eggs, similar to Pokemon Go.
Meme Land Bounty and Trait Developer Kit
Meme Land paid out its first bounty for a reported bug, and they also introduced a trait developer kit. Artists can now work on their own traits using raw files provided by Meme Land.
The project also hinted at the upcoming launch of their meme coin and mentioned guidelines for tradables and the trait store.
The Other Side’s
The Other Side Twitter account shared an image featuring various NFT collections, including partners from the original trailer that showcased a world of women. This image caused a brief spike in the price of the featured collections, such as Mutant Hound.
Parallel Avatars
Parallel Avatars, a trading card game project, started minting their avatars and announced a public sale date for July 11th.
While the minting process received decent secondary volume, the upcoming public sale aims to distribute the remaining avatars as rewards for their Alpha participants.
Capsule Heroes by Endless Clouds
Endless Clouds, the creators of Treeverse, announced a brand new game called Capsule Heroes. While the game’s Alpha is scheduled for Q4 2023, they clarified that there won’t be any NFT implementation at launch.
However, they mentioned that Treeverse character NFTs will have a cross-game compatibility feature.
Sotheby’s Gen Controversial Sales
Sotheby’s initiated their Gen Art program with a Dutch auction for Vera Molnar’s Themes and Variations collection, consisting of 500 pieces.
Crypto Space Drama: Azuki’s Troubles and Exciting Gaming Projects
The controversy arose over the sale of an art piece for $350,000. Despite the outcry, recent sales at similar prices indicate that this is not an unusual occurrence in the market.
Blur 2
Blur 2, a popular platform, introduced optimized gas for more cost-effective transactions. They also added trait bidding for 12 different collections, offering more rewards for traders. This update aims to stimulate price action for mid-rare traits.
Larry Fink’s Opinion on Bitcoin and Banking Crisis
In an interview, Larry Fink, CEO of BlackRock, expressed his positive views on Bitcoin as “digitized gold” and emphasized the benefits of blockchain technology. He also touched upon the possibility of additional rate hikes in the banking crisis.
Binance Executive Departures and Market Volatility
Multiple key executives have left Binance, leading to market speculation about the company’s handling of DOJ charges. Some traders believe that this situation aligns with a strategy to lower Bitcoin prices, allowing institutions like BlackRock to buy at a discount.
Crypto Quant Funding
Crypto Quant, an on-chain data analysis platform, successfully raised $6.5 million in their series A funding round. With a variety of free charts available, this platform provides valuable insights for traders and data enthusiasts alike.
Stay informed with our weekly Web3 news roundup, covering project updates, market developments, and insights into the evolving landscape. Remember to exercise caution in the volatile market and make informed decisions.
Note: This is not financial advice, Always do your own research. The crypto market can be highly volatile and unpredictable, so always invest wisely.