21/06/2024 Konami Taps Avalanche For Yen-Based NFT Marketplace 'Resella'

Konami Digital Entertainment, the famed Japanese game developer and publisher, is the latest mainstream gaming company to embrace non-fungible tokens.

On June 20, Konami announced it will launch a centralized NFT marketplace on Avalanche, the 11th-largest smart contract network by total value locked (TVL).

Japanese village turns to NFTs to help older adults
Mark Cuban offloads NFT collection worth over $100K amid Gmail account hack
Xeno Holdings expands its service with Xeno Spaces and Xeno Cube

Konami’s forthcoming NFT marketplace, Resella, will allow users to create, launch, and trade non-fungible tokens without using a web3 wallet. The marketplace will be deployed as an Avalanche subnet.

Resella is tailored for the Japanese market and will support transaction settlement using Japanese yen.

“Resella eliminates the necessity for users to open an external Web3 wallet, or engage in complex cryptocurrency transactions, thereby potentially lowering barriers to entry,” Konami said.

Konami aims to onboard mainstream companies and brands with an emphasis on gaming to the NFT sector with Resella. Konami said developers can create NFTs linked to gaming environments that unlock special in-game content or function as event tickets.

Konami Digital Entertainment is the company behind major gaming franchises including Metal Gear, Silent Hill, and Castlevania.

Konami’s entrance into the web3 sector could serve as a boon to Avalanche’s NFT ecosystem.

NFT sector struggles

Data fromDappRadarshows just two NFT collections driving sales in the past 24 hours, with Castle Crush NFTs pushing $440 worth of trades and OG Thor tokens accounting for only $25 worth of trades.

CoinGeckoestimatesthat Avalanche-based NFTs make up a $27.3 million market cap, paling in comparison to the $6.8 billion worth of non-fungibles on Ethereum.

However, many leading Ethereum collections have recently sufferedheavy drawdownsas Blur’s third season of incentives winds down. Four of the five largest collections by market cappostedlosses of between 24% and 33% over the past month, according to NFT Price Floor.

Avalanche’sAVAXtoken is up 3.58% in the past 24 hours, but tumbled 32% in the past month, according to The Defiant’scrypto price feeds.

APhone, a decentralized cloud-based smartphone, aims to take on the duopoly of Apple and Google with the launch of a web3-native app store.

Announced on June 19, the AppNest store will support both blockchain-based decentralized applications and web2 apps. APhone aims to undercut the fees of up to 30% that Apple and Google charge to developers by making AppNest “free and open.”

"Our goal is to democratize access to technology and provide a full Web3 mobile experience to users worldwide, irrespective of geographical or economic barriers,” said William Paul Peckham, APhone’s chief business officer.

APhone said the web3 apps supported by AppNest include MetaMask, Phantom, and Binance, alongside Web2 applications such as WhatsApp, Facebook, Instagram, and ChatGPT.

The AppNest store is exclusively available via the APhone app.

Solana Mobile proves web3 phone potential

AppNest’s launch follows increasing interest in web3 phones after the debut of Solana Mobile’s Sagaphone in June 2022, which quickly sold out in the United States and Europe.

Saga enjoyed a surge in popularity as memecoin issuers began airdropping tokens to owners of the $1,000 phone. Notably, Saga buyers qualified for a drop of 30 millionBONKtokens, worth $643.5 today, and $1,364 as of the token’s all-time high in March.

The phone also ignited buzz surrounding the decentralized physical infrastructure network (DePIN) sector afterHelium, a crypto-native mobile plan provider, launched services for Saga users.

In January, Solana Mobile began accepting pre-orders for itssecond phone, "Chapter 2," which is expected to ship sometime next year.

APhone taps Aethir for cloud computing

APhone is powered by Aethir, a DePIN provider. The two teamspartneredup in March, with APhone leveraging Aethir’s decentralized cloud architecture.

"Aethir’s innovative decentralized cloud technology is the missing piece that will allow us to grant users their mobile freedom,” said Julie Zhu, APhone’s tech lead. “By virtualizing smartphones on blockchain, we can offer capabilities far beyond physical device limitations.”

The APhone is a cloud phone that can run both advanced Web3 applications and conventional apps on any web browser-compatible device. It boasts a dedicated seed vault working alongside the Android OS.

On June 12, Aethir launched its decentralized cloud computing network on the Ethereum mainnet. The network allows firms with idle GPU resources, such as data centers and cryptocurrency miners, to contribute computational power to the network in exchange for rewards.

During its testnet phase, Aethir engaged over 500,000 users and completed a "node sale" valued at $146 million, attracting backing from major computing firms including Nvidia, HPE, and Foxconn.

Aethir launched its native ATH token on June 12. After a volatile debut, ATH price action has stabilized, with the token shedding just 1% in the past week, according to CoinGecko. ATH is also up 9% in the past 24 hours.

Arts

https://thedefiant.io/news/nfts-and-web3/konami-taps-avalanche-for-yen-based-nft-marketplace-resella

Interesting NFTs
The Switch
The Switch is a unique, “one of one” NFT that demonstrates the evolution of artwork in the digital realm. The Switch is developed to change form at a specific point of time in the future, known by Pak. The evolution is determined and rendered immutable by smart contracts, or self-executing code on the Ethereum blockchain.
Gunky's Uprising
Gunky's Uprising by SSX3LAU Slimesunday and 3LAU team up once again under their alias SSX3LAU for a collection featuring their first exploration into color. TBD is a full length music video featuring an unreleased song from 3LAU and Slimesunday\u2019s mesmerizing animation. In a first for the artists, TBD\u2019s collector will have the opportunity to name the song (some restrictions apply).
Alex in Wonderland
A figure, Alex, stands mostly naked in the midst of a physical and psychological maelstrom. He is clad only in nostalgic 80’s era socks, on a tenuous island between active waters and a variety of shark denizens. Sharks on the right side of the image are all beached, including a shark with a quartz crystal snout, an orange shark wrapped in a life buoy, and a shark further in the distance wearing an 80’s style shirt with the number “88”. On the left side is the largest shark, wearing bright glossy red lipstick and brandishing prominent teeth with braces. She is cordoned off from the figure by a roped float divider, and within her thought bubble is a warning symbol. Behind the figure, hovering in the air, are Grey aliens emerging from the distance, out of a series of elliptical UFO shaped interdimensional membranes. The Greys take on the visual form of spermazoa ostensibly impregnating the interdimensional thresholds. As is typical, these Greys inhabit a zone just behind the unconscious topology of Alex’s dissociative mind. Though Alex’s bottom half is representative, his top half mutates into a psychological cornucopia. In a manner akin to “Auto-Erotic Sphinx”, a predecessor work, the figure has self suctioned—an act of sensual infatuation, enjoyment, and exploration. Upward exists the figure’s primary conscious eye, adorned with a revolutionary beret emblazoned with a Bitcoin badge. The figure’s summit features the nose of a fighter jet facing off against video game Bullet Bills, one of whom is marked by a communist North Korean star. A cropped section of a UFO observes the contest. Alex’s mind branches both left and right. To the left is more singular embodied consciousness, manifesting two eyes and a Ganesh trunk grasping crayons. The right branch dissociates upward diagonally, emerging into an array of eyes, faces, teeth, tail, a unicorn horn, and much more—all of which participate in expressing his unconscious being; a democracy of psychic factions representing thought impressions and associations. All illumination and darkness– fernal, infernal, high consciousness and corporeal underbelly–reside in this realm. In the distance are relatively languid, light clouds, and against the firmament hovers a colossal distant eye peering over the scene and far beyond. This painting possesses underlying genetic traits with previous works such as “Auto-Erotic Sphinx with Toys”, “Dionysus”, and “Fuku-Shiva”. The work serves also as a nod to an earlier period of art inspiration during late teens and early twenties— born out of the nakedness, vulnerability, curiosity, and wonder inherent to coming of age and all subsequent psychedelic revelation.
#85278
By OthersideDeployer
#FUNNY#CAT
Heyo! I'm #FUNNY#CAT. My friends describe me as petulant and tantalizing. I would give it all up to star in a soap opera. Let's pawty!