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
NFTs weekly sales surge 94% as crypto market continues bullish run
'Blankos Block Party' is an NFT Trojan Horse for the video game industry

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
Stay Free (Edward Snowden, 2021)
This unique, signed work combines the entirety of a landmark court decision ruling the National Security Agency's mass surveillance violated the law, with the iconic portrait of the whistleblower by Platon (used with permission). It is the only known NFT produced by Snowden. Produced using open source software. This auction is on behalf of Freedom of the Press Foundation. https://www.aclu.org/press-releases/appeals-court-strikes-down-nsa-phone-spying-program-aclu-lawsuit
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.
CryptoPunk #3011
The CryptoPunks are 10,000 uniquely generated characters. No two are exactly alike, and each one of them can be officially owned by a single person on the Ethereum blockchain. Originally, they could be claimed for free by anybody with an Ethereum wallet, but all 10,000 were quickly claimed. Now they must be purchased from someone via the marketplace that's also embedded in the blockchain.
#61489
By OthersideDeployer
GS03
"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.