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X2Y2 implements flexible royalty options
The past few weeks, the discussion has been popping up about the NFT creator royalties since some platforms are implementing the functionality to bypass creator royalties.
This makes it easier for collectors to make personal gains. However, it means the projects have less money to develop their roadmap and push the WEB3 space forward.
Personally, I don't even understand why this is even a discussion.
As always, I've listed this week's most important news below; read on!
— 🩸💀 AMERICAN RADASS
Eminem and Snoop Dogg to Perform BAYC-Themed Show on MTV
Snoop Dogg and Eminem are scheduled to put on a “one-of-a-kind” Bored Ape Yacht Club-inspired performance of their single “From the D 2 the LBC” on MTV this Sunday.
The performance, which the press release called “one-of-a-kind,” is being developed in partnership with Yuga Labs. The stage is expected to be transformed to reflect the design studio’s Metaverse aesthetic and NFTs. According to the announcement, this will mark the first time an award show hosts a Metaverse-inspired performance.
X2Y2 implements flexible royalty options
NFT marketplace X2Y2 has moved to retain its customers by introducing an option that allows buyers set the royalty fee they wish to contribute to an NFT project.
With the new update by X2Y2, buyers on the platform are at liberty to set the amount they would like to contribute to an NFT project. The default amount is however set based on the creator's request but can be readily adjusted by the buyer.
📰 OTHER NEWS FROM THE PAST WEEK
Deadfellaz announced the date and location for their Halloween party: 29th of October in LA.
PayPal is finally allowing users to move their cryptocurrency to other wallets
Former OpenSea sea executive Nate Chastain has filed a motion to dismiss insider trading charges levied against him because NFTs do not meet the requirements for wired fraud charges.
Candy brand Mars has released limited edition NFT-inspired M&M’s, featuring Bored Ape and Kingship on each candy.
Alexey Pertsev, developer of Tornado Cash, will have to spend a minimum of 90 days in jail, although he is yet to be charged with a crime.
Telegram may launch a new marketplace to allow users to transfer usernames via “NFT-like smart-contracts,” founder Pavel Durov said in a message on the platform.
Sotheby’s hires an NFT specialist to join their digital art team
✨ NEW IN THE SPACE
Samsung Securities, among others, has filed paperwork to launch a cryptocurrency exchange in the first half of next year.
Musical artist Miley Cyrus showed interest in joining the metaverse as she applied for two trademark registrations.
‘The Sims’ Creator Will Wright raises $6M for Blockchain Games
A new Web3-focused venture capital firm launched by Polygon co-founder Sandeep Nailwal and Cere Network co-founder Kenzi Wang, has raised $50 million from investors.
Web3 messaging app Comm has raised a $5 million seed round led by CoinFund, to compete with Discord.
Katie Haun's Haun Ventures has led a $24 million round into Thirdweb, a platform that aims to make it easier for developers to create web3 apps, at a $160 million valuation.
Ready Player Me, a platform that allows people to create virtual avatars that can be used across the metaverse, has raised $56 million in a Series B funding round.
💀 HOW TO RECOGNIZE A RUG PULL
NFT Platform SudoRare disappears with $850k in Ethereum
An attacker trying to steal funds from Rainbow Bridge was stopped within 31 seconds, losing 5 ETH in the process.
An on-chain investigation reveals that the privacy protocol ChipMixer was used by Ronin bridge hackers to launder 3,460 BTC ($73.2 million as per press time).
🤓 DISCLAIMER: NFA & DYOR
This newsletter is a curated overview of the most interesting things I’ve read the past week, the projects I’ve researched, and the NFTs I’ll be trying to buy.
This means I’m - per definition - biased, so don’t consider this as financial advice and keep doing your own research if you see something you like.