• BTC Dominance: %
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

Nifty News: GameStop NFT’s first day, Limewire trends and game dev attacks!

Jon Hartney by Jon Hartney
July 14, 2022
in Bitcoin, Blockchain, Business, Market
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Video game developer Mark Venturelli launched a surprise attack on NFTs at a Brazilian gaming event, and Limewire is trending again following its NFT marketplace launch.

GameStop’s new NFT marketplace took home roughly $44,500 from transaction fees in the first 24 hours after it launched via a public beta on Monday.

GameStop NFT reportedly generated around $1.98 million worth of NFT sales on its first full day of business. As the platform charges a 2.25% fee on NFT sales, this equates to roughly $44,500 worth of fees.

Related articles

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

While that sum may seem underwhelming, considering it would represent just 0.27% of GameStop’s daily revenue for 2021, it depends on your perspective. According to gaming news outlet Kotaku, GameStop had 4,816 stores across the U.S. at the start of 2021, which on average accounted for $3,426 worth of daily net sales for the company.

To provide further contrast, despite much anticipation in the lead-up to its launch in May, Coinbase NFT generated just $75,000 worth of NFT sales on its first day, and took roughly a month to generate $1 million worth of sales volume. Coinbase NFT also offered zero fees to attract new users that month.

GameStop NFT, which is based on Ethereum Layer 2 Loopring, is currently home to a long list of new and unknown NFT projects. However, it will soon be home to several projects from Ethereum Layer 2 scaling solution, Immutable X such as Gods Unchained, and Guild of Guardians. The duo partnered back in February to develop NFT games together.

At this stage, the MetaBoy NFT project depicting animated GameBoy-like console avatars is the marketplace’s top-selling collection so far, and has generated 989.597 ETH worth of volume, or $1.1 million at current prices.

Top 10 selling projects: GameStop NFT

When game devs attack: ‘Why NFTs are a nightmare’

Video game developer Mark Venturelli launched a surprise attack on NFTs during Brazil’s International Games Festival on Friday. The event was sponsored by multiple NFT/blockchain companies such as Lakea and Ripio.

Venturelli, known for his work on Chroma Squad was penciled in to provide a virtual presentation on the future of gaming, however after introducing himself he promptly switched gears by launching into a tirade about “why NFTs are a nightmare.”

Venturelli’s presentation, which also has an English version, essentially argues that the introduction of speculative economic activity via NFTs will end up ruining the experience for people who just want to play games for fun.

During an interview with PC Gamer on July 11, Venturelli said:

“What’s actually going to happen is that organized groups are going to operate and scale with ever-diminishing margins, and just push out everybody else. Because that’s what happens. If you play EVE Online or Runescape, or any other game that simulates economy, that’s what happens.”

“Organized groups are going to fucking crush you. What actually is going to happen is that if you just naively play a game and have fun—imagine that—then you want to sell your stuff, your stuff is not going to be worth anything,” he added.

Tony Hawk drops in… to the Metaverse

Skateboarding icon Tony Hawk has partnered up with The Sandbox to build the “biggest skatepark” in the Metaverse.

The move was announced on July 13, and early previews show users socializing at Hawk’s skatepark and the ability to build customized courses their avatars can skate around.

Specifics are sparse at this stage, but Hawk noted that it will be the “biggest skatepark” to hit the Metaverse. The deal marks another notable mainstream partnership for The Sandbox this week, after Playboy announced that it was launching the MetaMansion on the platform.

Coming soon to The Sandbox: alongside @Autograph, I’m helping to create the biggest skatepark in the #metaverse. Stay tuned for updates. pic.twitter.com/0R2ODsR4qt

— Tony Hawk (@tonyhawk) July 13, 2022

Limewire is back with a bang

Limewire, the brand famous for providing file sharing/pirated music between 2000 and 2010, is trending on Twitter this week following its relaunch as a music and entertainment focused NFT platform.

Limewire is trending, and no it’s not the Limewire that used to give your computer viruses. The company has now rebranded as a music NFT marketplace. Now that Limewire has released its new promo, the internet has some thoughts (: @limewire) pic.twitter.com/RB4Gp7o2XE

— What’s Trending (@WhatsTrending) July 13, 2022

The platform launched on July 7 and has nothing to do with the torrent software apart from purchasing the rights to use the name. It has partnered with iconic musicians from the 2000’s such as Soulja Boy to spread the word.

Many people on Twitter have since had fun pointing out the irony of Limewire going from an music pirating platform, to selling NFTs in which their artwork can easily be “stolen” via a right-click and save. Limewire has joined in on the fun however by retweeting such memes.

https://t.co/b7jS5TLhY9 pic.twitter.com/ycuZEbddXN

— LimeWire (@limewire) July 13, 2022

Related: UK court allows lawsuit to be delivered via NFT

Other Nifty News:

Blockchain analytics service Nansen published its NFT Indexes Report for the second quarter of 2022, with the data showing June recorded the lowest figure of the calendar year despite buyers remaining consistent.

China’s biggest city Shanghai officially intends to boost the development of innovations such as blockchain, NFTs, the Metaverse and Web3 during its next five-year plan.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Bitcoin derivatives data shows room for BTC price to move higher this week

by Jon Hartney
January 23, 2023
0

BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

by Jon Hartney
January 22, 2023
0

BTC could take a break from its sharp rally and if BTC price bounces off underlying support, APE, MANA, AAVE...

Genesis bankruptcy case scheduled for first hearing

by Jon Hartney
January 22, 2023
0

The first hearing in Genesis Capital's bankruptcy case will be held on January 23, according to court filings

Terra lending protocol Mars to launch mainnet

by Jon Hartney
January 22, 2023
0

The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during...

Central African Republic eyes legal framework for crypto adoption

by Jon Hartney
January 22, 2023
0

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in

Load More
  • Trending
  • Comments
  • Latest

Ethereum Classic gets ‘endorsement’ from Vitalik Buterin, but ETC price still risks 50% crash

July 27, 2022

Critique on Helium’s $6.5K monthly revenue causes a stir

July 28, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022

Cardano Vasil hard fork hit with another delay for several weeks

July 29, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0

Crypto owners banned from working on US Government crypto policies

0

Korean startup Uprise lost $20M shorting LUNC

0

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Genesis bankruptcy case scheduled for first hearing

January 22, 2023

Terra lending protocol Mars to launch mainnet

January 22, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Bitcoin derivatives data shows room for BTC price to move higher this week January 23, 2023
  • Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher January 22, 2023
  • Genesis bankruptcy case scheduled for first hearing January 22, 2023
  • Terra lending protocol Mars to launch mainnet January 22, 2023
  • Central African Republic eyes legal framework for crypto adoption January 22, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$22,882.00-2.07%
  • ethereumEthereum(ETH)$1,631.41-1.99%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.05%
  • binancecoinBNB(BNB)$327.30-1.76%
  • usd-coinUSD Coin(USDC)$1.000.10%
  • rippleXRP(XRP)$0.397793-3.09%
  • Binance USDBinance USD(BUSD)$1.000.10%
  • cardanoCardano(ADA)$0.391225-2.24%
  • dogecoinDogecoin(DOGE)$0.092088-3.14%
  • OKBOKB(OKB)$44.371.51%
  • matic-networkPolygon(MATIC)$1.20-2.70%
  • SolanaSolana(SOL)$23.24-3.99%
  • Shiba InuShiba Inu(SHIB)$0.000015-2.57%
  • Lido Staked EtherLido Staked Ether(STETH)$1,626.77-1.92%
  • polkadotPolkadot(DOT)$6.69-2.05%
  • litecoinLitecoin(LTC)$96.52-1.51%
  • AvalancheAvalanche(AVAX)$20.01-4.21%
  • tronTRON(TRX)$0.063462-2.79%
  • UniswapUniswap(UNI)$6.81-5.08%
  • daiDai(DAI)$1.00-0.09%
  • cosmosCosmos Hub(ATOM)$14.34-1.70%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,804.00-2.34%
  • chainlinkChainlink(LINK)$6.97-3.22%
  • leo-tokenLEO Token(LEO)$3.613.72%
  • ToncoinToncoin(TON)$2.27-3.16%
  • ethereum-classicEthereum Classic(ETC)$22.68-3.45%
  • moneroMonero(XMR)$166.07-3.81%
  • bitcoin-cashBitcoin Cash(BCH)$133.12-3.27%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.09%
  • AptosAptos(APT)$15.06-7.64%
  • stellarStellar(XLM)$0.090479-3.52%
  • ApeCoinApeCoin(APE)$5.73-2.03%
  • CronosCronos(CRO)$0.081020-3.36%
  • NEAR ProtocolNEAR Protocol(NEAR)$2.37-5.92%
  • QuantQuant(QNT)$138.23-2.74%
  • filecoinFilecoin(FIL)$5.23-4.57%
  • algorandAlgorand(ALGO)$0.257490-4.01%
  • Lido DAOLido DAO(LDO)$2.13-0.40%
  • HederaHedera(HBAR)$0.069128-4.57%
  • vechainVeChain(VET)$0.023919-3.55%
  • Internet ComputerInternet Computer(ICP)$5.55-5.06%
  • FantomFantom(FTM)$0.55-10.20%
  • decentralandDecentraland(MANA)$0.72-6.62%
  • The SandboxThe Sandbox(SAND)$0.72-5.70%
  • Axie InfinityAxie Infinity(AXS)$10.87-5.11%
  • AaveAave(AAVE)$85.97-2.13%
  • eosEOS(EOS)$1.08-4.31%
  • The GraphThe Graph(GRT)$0.13126811.56%
  • FlowFlow(FLOW)$1.11-4.25%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.0001870.13%
  • MultiversXMultiversX(EGLD)$44.59-4.14%
  • theta-tokenTheta Network(THETA)$1.09-7.04%
  • tezosTezos(XTZ)$1.17-4.24%
  • FraxFrax(FRAX)$1.000.21%
  • true-usdTrueUSD(TUSD)$1.000.02%
  • huobi-tokenHuobi(HT)$5.57-2.15%
  • paxos-standardPax Dollar(USDP)$1.00-0.24%
  • bitcoin-cash-svBitcoin SV(BSV)$43.830.45%
  • kucoin-sharesKuCoin(KCS)$8.63-2.31%
  • Frax ShareFrax Share(FXS)$10.876.87%
  • havvenSynthetix Network(SNX)$2.53-7.35%
  • Curve DAOCurve DAO(CRV)$1.06-1.49%
  • Rocket PoolRocket Pool(RPL)$39.56-1.04%
  • ChilizChiliz(CHZ)$0.139721-4.02%
  • PancakeSwapPancakeSwap(CAKE)$4.47-2.00%
  • USDDUSDD(USDD)$0.990.08%
  • eCasheCash(XEC)$0.000037-3.15%
  • ImmutableXImmutableX(IMX)$0.90-0.72%
  • BitTorrentBitTorrent(BTT)$0.000001-3.02%
  • dashDash(DASH)$62.192.35%
  • iotaIOTA(MIOTA)$0.244123-2.92%
  • BitDAOBitDAO(BIT)$0.57-1.72%
  • Trust WalletTrust Wallet(TWT)$1.57-5.25%
  • Mina ProtocolMina Protocol(MINA)$0.77-7.83%
  • KlaytnKlaytn(KLAY)$0.205641-3.61%
  • OptimismOptimism(OP)$2.931.09%
  • GateGate(GT)$4.31-4.71%
  • makerMaker(MKR)$688.62-3.33%
  • neoNEO(NEO)$8.69-2.97%
  • cUSDCcUSDC(CUSDC)$0.0226920.92%
  • gemini-dollarGemini Dollar(GUSD)$1.000.17%
  • ArweaveArweave(AR)$11.37-4.21%
  • GMXGMX(GMX)$67.05-2.45%
  • OKCOKC(OKT)$31.66-2.64%
  • cDAIcDAI(CDAI)$0.022186-0.01%
  • zcashZcash(ZEC)$43.70-4.54%
  • RenderRender(RNDR)$1.830.54%
  • RadixRadix(XRD)$0.053813-8.34%
  • THORChainTHORChain(RUNE)$1.80-2.48%
  • Tokenize XchangeTokenize Xchange(TKX)$6.67-2.31%
  • OsmosisOsmosis(OSMO)$1.01-3.05%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.10-0.39%
  • singularitynetSingularityNET(AGIX)$0.4360636.34%
  • PAX GoldPAX Gold(PAXG)$1,871.380.53%
  • enjincoinEnjin Coin(ENJ)$0.467923-3.70%
  • loopringLoopring(LRC)$0.370791-6.49%
  • Convex FinanceConvex Finance(CVX)$6.20-4.68%
  • cETHcETH(CETH)$32.84-1.69%
  • Tether GoldTether Gold(XAUT)$1,868.300.08%