NFT Review 101 - Nifty's goes down
NFT Review 101 - Nifty's goes down
RMRK release Emotes app, Binance's AI-powered NFT generator, new Reddit NFT avatars, and more.
NFT Review is a weekly newsletter covering NFTs in the Web3 ecosystem on Polkadot’s side of the woods. The newsletter is put together by Bruno Škvorc and gbaci.
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Dear NFT enthusiast,
The unpredictable tides of the NFT market have claimed another promising venture. Nifty's, a social network turned Web3 creators portal, announced its shutdown, marking the end of an ambitious journey that saw collaborations with entertainment giants like Warner Bros. and sports stars such as LeBron James. Despite being backed by leading figures like Mark Cuban and Joe Lubin and working with immensely popular franchises like "The Matrix" and "Game of Thrones," Nifty's has fallen victim to the bear market, unable to secure the additional backing needed to bring its new platform online.
In a climate where building new technology and markets is fraught with challenges, Nifty's story is a poignant reminder of the harsh realities that many NFT companies are facing. The bear market has not only cooled public enthusiasm for NFTs but has also made survival a daunting task for emerging platforms.
Yet, the closure of Nifty's also shines a spotlight on the resilience and innovation that continue to thrive within the NFT community. The stories of those still standing, still creating, and still believing in the transformative power of digital ownership are testaments to the enduring potential of Web3. Nifty's may have concluded its chapter, but the larger narrative of Web3 continues to unfold.
Thank you for reading and have a great week.
— NFT Review
🖼 crypto-native
RMRK released a beta of Emotes, a dApp that lets users drop emojis on Ethereum, Polygon, and Moonbeam NFTs.
Singular is hosting a Twitter Space on Bid-to-earn auctions with GBM cofounder.
Singular is now available on the Polygon network.
RMRK is collecting developer experience feedback for its EVM contracts to enable them optimize for adoption.
Bitcoin Ordinals team launches nonprofit to grow protocol development.
99-year-old Hungarian artist’s computer-generated NFTs sold for $1.2M.
NFT-styled debit cards the future of Web3 — Animoca founder on $30M Hi investment.
NFT-optimized Palm Network to become a Polygon ZK Supernet.
Following the launch of its open beta, RMRK-powered RPG Evrloot tops dApps list on Moonbeam for most transactions and #11 on most unique wallets.
Binance launches AI-powered NFT generator for KYC-verified users.
Axie Infinity creator to develop new game in partnership with CyberKongz.
'Moneyball' meets Crypto in 'The Boys of Summer' experimental NFT game.
Argent introduced Unframed, an NFT marketplace on Starknet.
Ethscriptions welcomed a V2 marketplace system.
OpenSea Pro just unveiled bulk instant sales.
Reservoir now supports minting via API.
Zora now offers a 2GB file size limit.
Yuga Labs announced Made by Apes, a Bored Ape licensing registry.
Decentraland introduced AI NPCs.
🌎 global adoption
Researchers develop blockchain verification service for cultural artifacts.
Here’s how big food and beverage brands are using NFTs: Report.
Reddit prepares to drop Gen 4 collectible avatars on Polygon.
Barbie's Margot Robbie says Bitcoin is for 'Kens'—while Mattel pushes NFTs.
Gucci reveals rewards for Vault Material NFT holders.
Amazon Prime is giving out free NFTs for this Polygon game.
Gaming giant Bandai Namco launches AI Virtual Pet NFT game.
Fashion brand MNTGE's new NFTs unlock physical patches from noted artists.
Lacoste's new virtual store has exclusive perks for Ethereum NFT holders.
OpenSea-backed Americana makes its 'phygital' vault service available to the public.
Bruce Lee avatar to teach martial arts in the metaverse.
That’s all for this week, see you in the next edition! Got some links to share with us, artists to feature, NFTs to sell, jobs to promote, or events to popularize? Get in touch with Bruno or gbaci!