27/09/2024 Puma partners with Web3 mobile game, Infinex NFTs top $40M sales: Nifty Newsletter

Footwear distributor Puma partnered with a Web3 game, integrating characters based on the brand into a sports mobile game.

Puma partners with Web3 mobile game, Infinex NFTs top $40M sales: Nifty Newsletter

COINTELEGRAPH IN YOUR SOCIAL FEED

In this week’s newsletter, read about users claiming thatnon-fungible tokens (NFTs)on OpenSea are securities in a proposed lawsuit, and find out how Infinex managed to get $40 million in sales for its NFT collection during the bear market. In other news, check out how global footwear distributor Puma partnered with a Web3 game and how the Filipino government educates its youth on blockchain and NFTs.

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OpenSea users claim NFTs are securities in proposed class suit

Two OpenSea users have filed a class-action lawsuit against the NFT marketplace. In the lawsuit, submitted on Sept. 19, Anthony Shnayderman and Itai Bronshtein allege that the NFTs they purchased on OpenSea are now worthless because they are illegal.

Highlighted excerpt of the lawsuit’s arguments. Source: Pacer

In response, OpenSea refuted the allegations and described the lawsuit as “baseless.” An OpenSea spokesperson told Cointelegraph that coming up with a lawsuit based on their disclosure of a Wells notice “won’t make the allegations in the complaint true.”

A Wells notice from the SEC serves as a warning, outlining the regulator’s concerns and giving the potentially accused company an opportunity to respond. It signals that the agency may pursue enforcement action in the future.

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Infinex NFTs top $40 million sales in first four days, despite NFT bear market

Decentralized applications platform Infinex’s latest NFT collection reached $40 million in sales in its first four days. Infinex Core working group lead Kain Warwick said the collection is expected to attract more interest as it expands to the wider community.

Infinex total value locked. Source: Infinex

Due to its ongoing launch season, Infinex reached a total value locked (TVL) of over $150 million on July 25. In just the first 10 days of the campaign, the platform’s TVL grew by $100 million.

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Puma partners with Web3 mobile game

Footwear company Puma partnered with the Web3 mobile game UNKJD Soccer. UNKJD CEO Tal Friedman said the partnership aims to unlock more player experiences. Friedman told Cointelegraph:

“When established brands like Puma embrace Web3, it signals a shift in the perception of blockchain technology — from niche to mainstream.”

With the partnerships, Puma-based characters and branded skins will be introduced in the game.

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Philippines agency empowers youth with blockchain and NFT education

The Philippines’ Advanced Science and Technology Institute, an agency working under the nation’s Department of Science and Technology, conducted a tech forum on Sept. 20, educating the youth on blockchain technology’s potential.

Blockchain for Youth Innovators event in the Philippines. Source: Archers Network

The agency explained that technologies like artificial intelligence, cybersecurity and blockchain are reshaping the public and private sectors.

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Arts

https://cointelegraph.com/news/puma-game-partnership-infinex-40m-sales-nft-newsletter

Interesting NFTs
Right Place & Right Time (bitcoin hourly price offset)
Each day, a new composition for the Master is generated autonomously using a data feed of Bitcoin's last 24 hours of price action. Each hour's price programmatically controls rotation, scale, and position of a correlating layer. Astute viewers will surmise the day's price volatility simply by examining the artwork. While the daily image generation is the result of autonomous API calls, utilizing an algorithm the artist wrote, the artist has chosen to retain a control token. This token allows him to fine-tune variables associated with his algorithm, in addition to addressing aesthetic concerns within the life-cycle of the artwork. Layer state, alpha, hue, saturation, and brightness are elements the artist has retained control of in order that this artwork remain a living work-in-progress. An earlier iteration of this artwork was featured as a nightly projection mapping video on the face of the Daniels Fisher Clocktower, as part of ETH Denver 2020. Access to this and additional exclusive content awaits the master token owner at the artist's NFT Portal: https://collect.mattkane.com/minted-works/right-place-right-time-bitcoin-hourly-price-offset/
Ethboy
Young Vitalik takes on the role of Picasso’s son Paulo dressed as Harlequin in this artwork but the octahedron Ethereum logo replaces the chequered pattern of the original jester outfit. Leaning against a large chair, the boy genius fiddles with his fingers in a somewhat nervous manner; nevertheless, he stares directly at the viewer with what appears to be a confident, ‘Mona Lisa-like’ smile. Vitalik has no idea what the future has in store for him, but he’s prepared to face any obstacle ahead as he begins life's adventure.
#63289
By OthersideDeployer
Hell Riders
A still image NFT. Exclusive to makersplace. February 2020.
GS06
"I wanna be adored" is a collection that explores the concept of adoration and religion through the artistic glorification of popular icons such as Elvis, David Bowie or Marilyn Monroe, elevated to the category of gods and virgins, from where they claim their right to be worshipped. They occupy in their own right a sacred place, traditionally reserved exclusively for biblical figures. Faith, forgiveness, sanctification and finally glorification are omnipresent concepts in these pieces, which explore not only the need to worship, but the desire to be worshipped ourselves. As a way of vindicating a more human concept of the divine, the protagonists of the collection reign from a more earthly heaven, more within reach of the viewer, illuminated by neon lights, like a heavenly Las Vegas where virtue and sin go hand in hand.