NFTCulture daily news 1/27/23
Dookey Dash Update
Yuga responded to the feedback that players are seeking a more convenient way to acquire multiple Powershart Packs. In response, they developed an update that will allow players to purchase multiple Packs in one transaction, offering up to 8 hours of boost time in total. THe time starts running immediately and doesnt pause, so if you make a big purchase, buckle up for a long process.
Heads up, our planned maintenance is live now. Dookey Dash will not be accessible during this 2 hour period. We’ll post a notice from this account and the blog when Dookey Dash is back up! Official links at https://t.co/HWSpBSsJyl
— Bored Ape Yacht Club (@BoredApeYC) January 26, 2023
Beeple releases his first book through Barnes and Noble.
Titled:Beeple: Everydays, the First 5000 Images
The book is $65.00 plus shipping but use PREORDER25 for 25% discount. Barnes and Noble has released the first monograph on digital artist Mike Winkelman, also known as Beeple. The book, titled “Beeple: Everydays, the First 5000 Images,” is a collection of the artist’s first 5,000 daily digital creations, ranging from pop-culture caricatures to sci-fi landscapes. The book also includes an interview with the artist, where he reflects on his career and newfound fame.
Beeple became a global phenomenon on March 11, 2020, when Christie’s sold a digital work of his for more than $69 million, launching the NFT (non-fungible token) craze. The book is available for purchase at $65.00 plus shipping, with a 25% discount using the code PREORDER25.
You can check out the book here.
WOOO WOOO!!! MY FIRST BOOK!!!
😱😱😱🥳😱😱😱
coming out Feb 28th with 25% discount for pre-orders now through Barnes and Noble with promo code “PREORDER25”https://t.co/Ukyod0LZ3O pic.twitter.com/Lvdj2WyZty
— beeple (@beeple) January 26, 2023
Amazaon going all in on NFTs
Amazon is reportedly planning to launch a “digital assets enterprise” in the next few months, according to anonymous sources. The focus of the enterprise will be on blockchain-based gaming that rewards players with non-fungible tokens (NFTs). There is speculation that Amazon will be using the Polygon blockchain for their NFTs, which saw an 8% spike in its value yesterday.
The move by Amazon into the NFT space is significant as it gives credibility to the industry and could lead to mass adoption. However, there are not many details currently known about what Amazon’s specific plans are for their NFTs. This initiative is expected to be a fast path to mainstream adoption of NFTs.
Fidelity opens beta access to crypto assets, bringing institutional investments to the market
Fidelity has opened beta access to its crypto assets, allowing for institutional investments in the crypto market. This move by Fidelity, a significant player in the investment space with $9.9 trillion in assets under management, is a step forward for the slow progress of institutional investments in crypto. The company also opened an early access list for Bitcoin and Ethereum investments.
With increasing concerns about trust in crypto exchanges and frequent reports of hacks, the focus is shifting towards secure crypto custody services. Fidelity’s entry into the market is expected to help address these security concerns and make it easier for millions of people who already use Fidelity to trade in crypto. This move by Fidelity could also open the door for easier trading in NFTs in the near future.
Nike struggles continue as the company shifts focus to its own Web3 program
Trouble may be brewing at Nike as the company struggles to keep pace with the changing market. Nike’s Web3 program, “.SWOOSH”, is not new but has been gaining momentum in recent times. The company is executing a grass-roots, community-building strategy that revolves around design contests for first-gen Nike digital shoes in their “YourForce1” challenge. This strategy is a brilliant way to engage their fans and get them involved in the technology and building process, rather than just selling to customers.
However, this shift in focus may have negative consequences for RTFKT and its NFTs. The primary reason for RTFKT’s success, CloneX, and its ecosystem in the past year has been “It’s Nike.” With Nike focusing more on its own programs and less on repping RTFKT, this could be bad news for RTFKT and its NFTs.
Porsche Stumbles but doesnt fall
German luxury car manufacturer Porsche’s non-fungible token (NFT) collection reached $4.5 million in total sales volume, according to data from NFTScan. The collection had a floor price of 2.74 ETH and a high price of 9.18 ETH, with over 1,705 total sales. The company originally planned to have a total supply of 7,500 NFTs, but halted the minting process after some users complained of high prices and lack of utility for NFT holders. The supply has since been reduced to 2,363. Porsche announced that it would expand holder benefits to include behind-the-scenes access to the world of Porsche, co-creation of Porsche’s future of Web3, an exclusive physical capsule collection, and the opportunity to attend money-can’t-buy Porsche experiences, along with a private airdrop in March 2023. The Porsche NFTs were created by Hamburg-based designer and 3D artist Patrick Vogel and his studio Alt/Shift and were first unveiled during Art Basel Miami in November 2022.
Other Movers
DigiDaigaku’s “Masked Villains” collection sold 1527 units for a total of 745 ETH, with an average price of 0.485 ETH $1,640.79 per unit. The “Sewer Pass” collection sold 420 units for a total of 1,611 ETH, with an average price of 2.99 ETH $10,115.38 per unit. “The Memes by 6529” collection sold 347 units for a total of 486 ETH, with an average price of 0.484994 $1,640.79 ETH per unit. “Khuga” by Khuga Labs sold 3177 units for a total of 151 ETH, with an average price of 0.065 ETH per unit.
