Global confectionery giant Mars has teamed up with virtual metaverse band KINGSHIP to create limited edition boxes of M&M'S featuring content from the Bored Ape Yacht Club (BAYC). KINGSHIP is a group made up of three BAYC NFT hodlers and one Mutant Ape Yacht Club MAYC owner. As part of the deal, the avatars depicted in the NFT art will be printed on the chocolate candies in a select number of boxes. There has been a total of 4,000 boxes created in total, split between two tiers of rarity. The regular tier comes in 3,900 brown celebratory gift boxes, while …

Hackers behind the $190 million Nomad Bridge are now being incentivized with "whitehat" themed non-fungible tokens (NFTs) if they return nearly all of the funds they stole from the protocol at the start of this month. The exclusive NFT, which simply depicts a white wizard’s hat, is being offered by NFT firm Metagame and can be minted by those that return at least 90% of their stolen funds to Nomad. 1/ Our friends at @metagame created an earned NFT as a thank you to whitehats who returned funds from the Nomad Bridge Hack. Head over https://t.co/TWwuJwnRXj to claim it! pic.twitter.com/V87rkGhBEE …

Many owners of precious Bored Ape Yacht Club (BAYC) and CryptoPunks NFTs, who used them as collateral to take out loans in Ether (ETH), have failed to repay their debts. The situation could lead up to the NFT sector's first massive liquidation event. gm. As a result of the floor dropping to 72, the first BAYC liquidation auction on BendDAO has begun Starting price of 68.4e... Any takers or is this going to be the first bad-debt domino that falls for the platform? pic.twitter.com/7qxsIi661e — Cirrus (@CirrusNFT) August 18, 2022 BAYC "death spiral" incoming? DoubleQ, the founder of web3 launchpad …

The Australian Football League (AFL)’s first limited edition drop of non-fungible tokens (NFTs) saw huge takeup on Wednesday, selling out in just under 12 hours. On Aug. 17, the football league launched “Ripper Skipper 2022” through its AFL Mint program, allowing people who joined the "allowlist" to purchase one of 3,800 packs reserved for the drop. AFL Mint Ripper Skipper AllOWLIST Drop - SOLD OUT We are happy to announce the AFL Mint AllowList sold out in under 12 hours. A huge thank you to our community who has participated, followed along and backed this project! Stay tuned for the …

Sky Mavis, the firm behind Play-to-Earn (P2E) heavyweight Axie Infinity is looking to “double down” in South Korea and ramp up adoption despite the regulatory hurdles. Speaking with Cointelegraph at the Korea Blockchain Week on Aug. 9 (local time), Sky Mavis co-founder and growth lead Jeffrey Zirlin stated that despite the domestic ban on P2E games still being in place, the “Korean market is one of the most important gaming markets in the world, and we have tons of players in South Korea.” Zirlin added that the company is currently looking at ways to tailor the Axie Infinity game to …

China’s internet giant Tencent has reportedly shut down one of the two nonfungible token (NFT) platforms owing to declining sales aided by the regressive monetary policies of the Chinese government. Tencent shut down one of its NFT platforms on July 1, while the other one is struggling to remain afloat. A report from a local daily indicates that the wind-down process for the same began in May. The tech giant transferred key executives responsible for managing the NFT platform in the last week of May and completely removed the digital collectible section from its Tencent News app by the first …

GameStop’s new nonfungible token (NFT) marketplace took home roughly $44,500 from transaction fees in the first 24 hours after it launched via a public beta on Monday. GameStop NFT reportedly generated around $1.98 million worth of NFT sales on its first full day of business. As the platform charges a 2.25% fee on NFT sales, this equates to roughly $44,500 worth of fees. While that sum may seem underwhelming, considering it would represent just 0.27% of GameStop’s daily revenue for 2021, it depends on the perspective. According to gaming news outlet Kotaku, GameStop had 4,816 stores across the U.S. at …

Play-to-earn (P2E) metaverse game Axie Infinity appears to be on the mend, with its nonfungible token (NFT) sales volume pumping 205% over the past seven days. The project’s co-founder Jeff Zirlin echoed such sentiments via Twitter on Friday after he stated that the project was “healing” in reference to the strong adoption of NFT land staking, the Ronin bridge being back up and a notable uptick of game downloads and NFT sales. 22,000 Axies sold in the last 24 hours. Was at 7,000 a few weeks ago. Origin growing quickly with the new Alpha Season. 4,600 downloads yesterday. Bridge is …

On Friday, Web3 subscription and ticketing solution provider Revuto announced a novel subscription model for Netflix and Spotify, using a nonfungible token (NFT) solution. Revuto said it would offer a lifetime digital subscription for Netflix and Spotify via its Revolution NFT. A total of 10,000 users would be eligible to get their hands on the unique subscription model. Dino Ivankovic, head of business development at Revuto explained how these subscription-based NFTs could become an ecosystem of their own. He told Cointelegraph: "We aim to bring more control to the end-user. NFT technology will allow users to monetize their unused subscriptions …

Content aggregation, ranking and discussion website Reddit announced a new blockchain-backed avatar system on Thursday. Though no official date was revealed, the company suggested that the avatars will be available to the general public in the next few weeks. For now, Reddit is providing first-look early access to a limited number of people who join the r/CollectibleAvatars community. Collectible Avatars are a set of limited-edition artwork created by independent artists who are also users of the Reddit website. The new avatars can be purchased with local currencies. However, the announcement stated the artwork is stored on the Polygon blockchain. In …

A new NFT collection is driven by Egyptian mythology — and has bold ambitions to be at the heart of an immortal world. Immortal Cat has been inspired by Anubis — one of the most iconic deities in Ancient Egypt — the god of mummification and the afterlife, and the patron god of lost souls. A total of 2,266 NFTs form part of this collection, and they've been carefully separated into five distinctive species: Wisdom, Art, Genesis, Magic and Smith. The type of species determines the rewards that collectors may receive through staking. As they were created, artists extracted characteristics …

Hundreds of Bored Ape owners have signed up to a new nonfungible token (NFT) licensing marketplace that enables hodlers to rent out their Apne’s IP to brands. Blockchain accelerator Mouse Belt Labs launched the marketplace called Boredjobs, claiming that it will list all 10,000 BAYC NFTs on its website for brands to browse through and “indicate interest in hiring for campaigns.” Of course, 10,000 Apes won’t be available to hire unless the respective BAYC owners sign up and confirm ownership to view offers. “The Bored Ape Yacht Club gave its owners a fantastic opportunity to utilize the IP rights of …