NFT market updates from 6/3/22

Top 5 NFTs ($ Sales Rev):

1.Bored Ape Yacht Club #9153: 310.4K
2.Land (-30,16): 289.91K
3.Bored Ape Yacht Club #5513: 251K
4.Bored Ape Yacht Club #3373: 171.49K
5.Bored Ape Yacht Club #6969: 164K

Top 5 Marketplaces ($ Sales Volume):

1.OpenSea: 36.45M
2.LooksRare: 9.16M
3.Magic Eden: 4.09M
4.Axie Infinity: 456.94K
5.BloctoBay: 436K

UCOLLEX, MADworld and Animoca Brands Japan to Unveil 'Manga, Anime and Culture in Web3' at NFT.NYC 2022.

NFT.NYC, which started in 2019, serves to connect leaders, influencers, developers, and fans of NFTs. The event focuses on the companies and individuals using NFTs to advance the adoption of blockchain beyond the current wave of mainstream applications.

UCOLLEX is a creators' platform that wants to make digital collectibles available to everyone, backed by Animoca Brands: a leader in digital entertainment specializing in blockchain and AI technologies.

MADworld offers an NFT Origination Platform and an NFT Marketplace that use blockchain technology to defend the artists, artwork, creators, and content that enter the untraversed multiverse. MADworld supports NFT minting to validate ownership and provenance of physical art, collectibles, and products and original content developed from live concerts, sporting events, artist battles, and other modes of creative expression.

NFT market sees first insider trading case in US.

A former employee of OpenSea, the world’s largest NFT marketplace, was charged with insider trading in the first-ever such case involving digital assets, US prosecutors said.

Nathaniel Chastain, 31, a former product manager at OpenSea was arrested Wednesday by the FBI on wire-fraud and money-laundering charges, according to Damian Williams, the U.S. Attorney for the Southern District of New York.

While the company kept the information confidential, Chastain secretly bought dozens of NFTs shortly before they were featured, selling them later for two to five times more than he paid, prosecutors said.

Kanye West Trademarks YEEZUS for Potential NFT Debut.

Kanye West has filed 17 new trademark applications for his YEEZUS brand, including one that specifically covers non-fungible tokens.

The 16 other applications cover a wide range of uses, including amusement parks, physical and online retail stores, and sporting equipment.

The recent filings appear to mark a turnaround from West’s previous stance on non-fungible tokens, where the new filing seeks to secure the YEEZUS trademark for use with blockchain-based non-fungible assets, currencies, and tokens.

Japan’s New Stablecoin Bill Sets a High Bar for Investor Protections.

Japan has become the first nation to ensure strict investor protections for stablecoins.

The bill ensures rigorous investor protections, including the right to redeem stablecoins at face value for their underlying currency.

Additionally, the new legal definition of stablecoins dictates they can now only be issued by licensed banks, registered money transfer agents and trust companies.

However, the legislation does not address existing asset-backed stablecoins from overseas issuers, such as Tether’s USDT.

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Launch your DAO with no coding required in just a few clicks, raise funds easily, manage your DAO, and automate all governance in our all-in-one platform.

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Xillion by ProjectX

Xillion by ProjectX

11.1K Followers - a fully-fledged ecosystem for DAOs. All of the essential tools for building a successful DAO included in one convenient and easy-to-use platform.