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Coresky To Launch Privasea StarFuel NFT Sale

According to BlockBeats, Coresky, the only officially authorized platform across the network, will commence the sale of Privasea StarFuel NFT on July 4th at 12 PM (UTC+8). This sale provides users with a final opportunity to purchase before the public sale, leveraging Coresky's competitive advantage of offering the best prices. Privasea is a decentralized privacy computing infrastructure that offers an efficient and user-friendly fully homomorphic encryption (FHE) solution to address machine learning (ML) use cases. The collaboration between Coresky and Parivasea is a push for data ownership and privacy in the AI + Web3 world. More details about the project sale can be found on the official website.
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Shiba Inu Community Alerted To Important SHEboshis Logo Update

According to U.Today, the Shiba Inu community has been notified of a significant update concerning the SHEboshis (SHEB) logo. Lucie, a Shiba Inu team member, has relayed a vital message on an unspecified platform, stating that the SHEboshis logo has been updated. This development is of great importance to both the Shiba Inu community and the broader cryptocurrency sector. SHEboshis, which was launched in February, is an extension of the Shiboshi family and has brought a fresh perspective to the non-fungible tokens (NFTs) realm. The SHEboshis adopts the DN404 standard, which combines the best aspects of the ERC-20 and ERC-721 standards. The SHEB token now boasts a new visual identity with a refreshed logo. Alongside the new logo, SHEboshis also has a new contract address. The community is urged to use this updated address for all future transactions and purchases related to SHEboshis or SHEB tokens. The cryptocurrency space is often targeted by scams, and the Shiba Inu team is taking measures to safeguard its community. By updating the logo and contract address, they are establishing a clear distinction between the official SHEboshis and any imitation tokens that may surface in the market. This update is a proactive step to protect the Shiba Inu community from potential scams and ensure that all transactions with SHEboshis and SHEB tokens are secure. Therefore, the importance of verifying the new logo and contract address for SHEboshis cannot be overstated to avoid any fraudulent activities that could lead to financial loss. The Shiba Inu community is also advised to follow official Shiba Inu channels for the latest updates and information as a key measure to stay safe and avoid scams.
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Mantra Chain To Tokenize $500 Million Worth Of Assets From Dubai's MAG Group

According to Odaily, Mantra Chain has announced plans to tokenize assets worth $500 million from Dubai real estate developer MAG Group. Mantra, which primarily focuses on Middle Eastern operations, will divide these assets into several batches. The first batch will include a residential project, Keturah Reserve, constructed by MAG in Dubai's Meydan. It will also feature a luxury mansion from the 'The Ritz-Carlton Residences, Dubai, Creekside' development project, valued at $75 million. Investors are expected to earn profits through stablecoins and Mantra's OM tokens. The projected return from the stablecoins is estimated at 8%, with additional earnings from OM tokens. This move by Mantra Chain represents a significant step in the tokenization of real estate assets, particularly in the Middle East region.
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NFT Market Experiences Downward Trend Amid Bitcoin's Downturn

According to CryptoPotato, the Non-Fungible Token (NFT) market has seen a significant decline in key metrics such as sales volumes, unique sellers, and buyers, according to data from Cryptoslam. This downward trend is believed to be influenced by the ongoing rough patch in Bitcoin markets. In the second quarter of 2024, the NFT market experienced a significant drop in monthly volumes compared to the first quarter. Sales volumes in Q2 fell by 45% quarter-on-quarter. In Q1 2024, total sales volumes in the NFT market exceeded $4.1 billion, a substantial increase from the $2.9 billion recorded in Q1 2023. However, in Q2 2024, NFT volumes reported a quarterly volume of approximately $2.28 billion, the lowest since Q3 2023. June 2024 saw a significant decline in the average sale price of NFTs, dropping from $193 in March to $78, a decrease of approximately 60%. By June 28, sales volumes were around $419 million, putting June on track to record the lowest sales values since October 2023. In May, sales volumes were just above $616 million, representing a drop of over 50% from April’s $1.2 billion. The number of unique sellers and buyers also declined. In the first quarter, there were about 2,238,925 unique sellers, and the number of unique buyers stood at 3,316,014. In the second quarter, the number of unique sellers and buyers was 1,785,367 and 3,300,566, slightly down from those in Q1. Despite the significant downturn, NFTs have achieved notable milestones in 2024. Solana-based NFTs surpassed $5 billion in all-time sales volume on February 23. Additionally, Bitcoin-based NFTs moved into the third position for all-time sales volume earlier this month, surpassing the Ronin network. This decline in the NFT market has coincided with Bitcoin’s bearish trend; after peaking in March 2024, Bitcoin has struggled to regain its highs, dropping to as low as $57,000. At the time of this report, Bitcoin is priced at $61,327, with experts advising cautious accumulation of the cryptocurrency.
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