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.

NBA legend Shaquille O’Neal signs $11M Astrals NFT settlement
OpenSea users drop securities suit, Whales drive Q3 NFT comeback: Nifty Newsletter
How scientists are embracing NFTs

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
Genesis
JosĂ© Delbo sent me his striking pencil sketch and powerful inked work, which I then interpreted in oil on canvas. I wanted to create a very painterly piece with obvious brush marks etc, but I was also aiming for a nostalgic feel, a kind of 1980’s superhero comic book look, the kind I grew up with. My goal with this animation was to try to recreate, in part, the creative process that both artists went through with the visual information I had. I was able to showcase my painting process more accurately as I could take photographs of my progress throughout. Consecutive images could then be layered like brush strokes over José’s drawing to create the impression that this was one continuous artwork from pencil, to ink, to completed painting. The representation of the line sketch at the beginning, then pencil/ink and lastly the paint layers being applied demonstrate both artists’ struggle for the right lines, tone, form, and colour until the work is finally completed. As the oil was still wet with each photograph the glare of my studio lights can be seen in the brush strokes. Eventually, the figure emerges and as it does, our hero comes to life, looking directly at the viewer -- but is he grimacing in approval or disgust? We will never know for sure as just before he can say anything, white paint is brushed across the canvas entirely and the process begins again. Only the bat is quick enough to escape.
Icy
*waves*! I'm Icy. I'm often referred to as the Chandler Bing of the group. I am 47% hobbit, 86% Mad Scientist, and otherwise bad at math. Let's pawty!
Chromie Squiggle #4697
Simple and easily identifiable, each squiggle embodies the soul of the Art Blocks platform. Consider each my personal signature as an artist, developer, and tinkerer. Public minting of the Chromie Squiggle is permanently paused. They are now reserved for manual distribution to collectors and community members over a longer period of time. Please visit OpenSea to explore Squiggles available on the secondary market.
YouTube Lab
YouTube logo factory. 10-second loop, 30 fps. Created using Cinema4D, X-Particles, TurbulenceFD, Octane, and After Effects.
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.