15/11/2024 OpenSea users drop securities suit, Whales drive Q3 NFT comeback: Nifty Newsletter

NFT whales on the BNB Chain ecosystem drove an increase in trading volume in the third quarter of 2024.

OpenSea users drop securities suit, Whales drive Q3 NFT comeback: Nifty Newsletter

NFT whales on the BNB Chain ecosystem drove an increase in trading volume in the third quarter of 2024.

In this week’s newsletter, whales have driven a comeback fornon-fungible tokens (NFTs)in the BNB Chain ecosystem, Lamborghini opened minting for its Revuelto NFTs, Infinex plans to integrate with OpenSea and Blur to list the top 500 crypto assets, and in other news, find out why OpenSea users dropped their lawsuit against the NFT marketplace.

Whales drive NFT comeback on BNB Chain in Q3: Messari

While the average daily buyers of NFTs on BNB Chain declined, whales continued to buy, sell and trade NFTs on the network. Third-quarter data from blockchain analytics firm Messari showed that NFT volumes increased to a daily average of $600,400.

Daily average sales in Q3 increased to 8,900, marking a 47% quarter-on-quarter increase. Despite this, the chain’s average daily buyers fell to 2,300, a 53% decline compared to the previous quarter, suggesting that whales drove the increase in volume.

Continue reading

Lamborghini opens Revuelto NFT mint with Animoca Brands, Transak

Luxury vehicle company Automobili Lamborghini opened the mint for its Revuelto NFTs on Nov. 7. The company said that the NFTs will be integrated into Animoca Brands’ games, allowing users to drive Lambos in-game.

Furthermore, the company said it was collaborating with crypto ramp service provider Transact as its “NFT Checkout” partner, allowing various payment methods when minting the NFTs.

Continue reading

Infinex to list top 500 crypto assets, v2 coming early 2025

Decentralized finance and NFT platform Infinex plans to release an updated version of its platform early in 2025. In a Cointelegraph interview, Infinex founder Kain Warwick said the company plans to implement new architecture to speed up integrations.

The executive said this update would allow the platform to integrate with marketplaces like OpenSea and Blur within two to three weeks, significantly faster than two to three months, its current speed of integrations.

Continue reading

OpenSea users drop securities suit after marketplace demands arbitration

The two OpenSea users who alleged that the NFT platform sold them unregistered securities dropped their proposed class-action suit after a judge allowed the NFT company to demand arbitration. Florida Federal Court Judge Cecilia Altonaga approved OpenSea to file a motion that would mandate arbitration.

The users’ lawyer, Adam Moskowitz from The Moskowitz Law Firm, told Cointelegraph that their side had no choice but to “dismiss the pending case.”

Continue reading

Arts

https://cointelegraph.com/news/opensea-users-drop-securities-suit-bnb-chain-whales-drive-q3-nft-comeback-nifty-newsletter

Interesting NFTs
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.
The Harvest
An anthropomorphic figure stands, wide eyed, staring at the viewer; its body masculine, muscular, and humanoid. Its “mind” dissociates into a conglomerate of structures resembling feathers, grain, teeth–as well as a radial flower “node”, casting linear rays throughout the composition. To his left, a vat of bodies gesture and writhe in a kind of amniotic soup, attended by a video game robot. The bot's red display reads “uWu”. Behind the robot and filling the left side of the composition is an archaic figure composed of a variety of vintage objects and symbols. Among them are a hardbound book with ancient cuneiform scripts, indicating barley, beer, bread, ox, house, and sky, behind which is a grimacing, salivating jagged toothed maw; and an old Commodore floppy drive. The figure’s head tilts toward an illuminated crescent moon, suggesting the Egyptian Sacred Bull. The archaic figure is composed of a variety of mutating cells, which shift in color, and pattern; eventually breaking free into an ephemeral broadcast of bubbles which move across the background. The work came into being against a psychological introspection, which included associations to pop culture such as alien abduction and pod people, as well as quite a bit of reflection on grains as a symbol of civilization, agriculture, sustenance, life, and imbibing (mainly whiskies).
No Future #9/15
None
#54165
By OthersideDeployer
Punk #81
Inscription #607