GameStop & Illuvium: A New Era of NFTs
In a game-changing twist, GameStop has teamed up with Illuvium, a prominent player in the Web3 gaming landscape, to debut a collection of NFTs known as Illuvitars. Mark your calendars for June 12, because 20,000 GameStop-branded Illuvitars will hit the market. These collectible NFTs will be tradable on Illuvium’s decentralized exchange, allowing gamers to flex their digital assets in style. As if that wasn’t enticing enough, every Illuvitar holder will also gain early access to Illuvium’s upcoming collector games: Illuvium Overworld and Illuvium Arena.
NFTs as Wallets: The Future Is Here
Have you ever wished your NFT could do more than just sit pretty in your digital wallet? Well, thanks to the brainiacs at Future Primitive, NFTs are stepping up their game. In a revealing interview, Jayden Windle and Benny Giang introduced us to ERC-6551, a groundbreaking token standard that allows NFTs to store any on-chain assets. Imagine inventory systems in blockchain gaming or even keeping records for decentralized autonomous organizations (DAOs). The possibilities are endless!
Stability in the NFT Lending Market
The NFT lending market is buzzing, and for a good reason. A recent report from Paraspace and BitKeep revealed a staggering $430 million in NFT borrowing and lending activity, with over 43,000 people jumping on the bandwagon. High-profile collections like Wrapped CryptoPunks and Bored Ape Yacht Club are emerging as the collateral of choice for loans. Notably, the introduction of a lending protocol by the NFT marketplace Blur has fueled this growth, racking up an impressive $16 million in loans within just 24 hours!
Nike’s NFTs Kick Off in EA Sports
Nike is not sitting on the sidelines. Its NFT platform, .Swoosh, is on the verge of being integrated into EA Sports games, opening doors for a whole new level of interaction. While the specifics of which games will feature Nike’s virtual assets remain under wraps, Ron Faris from Nike Virtual Studios hinted that it would “unlock” exciting new experiences for fans. So, get ready to rock those digital kicks!
Nifty News: What’s Hot in the NFT Arena
Epic Games is making a splash by adding new blockchain games to its store, including a Pokemon-inspired venture called Defimons and an open-world project reminiscent of Grand Theft Auto, which they’ve dubbed Project Red. Meanwhile, the bankrupt hedge fund Three Arrows Capital is emptying its vaults, with Sotheby’s set to auction off 37 NFTs on June 15, claiming it to be a record-setting sale for digital art. And, oh dear, Pixel Penguin is under fire with accusations of a ‘charity rug!’ Stay tuned for updates!
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