According to Odaily, a judge in Massachusetts, USA, has rejected DraftKings' request to dismiss a class action lawsuit initiated by its NFT buyers. The lawsuit claims that these tokens are investment contracts, laying the groundwork for future court disputes over whether NFTs are securities. DraftKings is a sports-themed NFT based on the Polygon blockchain.

The lawsuit was first brought against DraftKings by buyer Justin Dufoe in March 2023 on behalf of all other owners, claiming that these NFTs meet the requirements of the Howey Test. In this recent ruling, the court agreed that DraftKings' NFTs involve investment of money, pooling of assets into a common enterprise, sharing of risk and profit, and a reasonable expectation of profit from DraftKings' actions, thus it is reasonable to classify them as securities under the Howey Test.

The court believes that the value of the NFTs depends on the success of the DraftKings market, which is a reasonable statement, and points out that the value changes in sync with the interest of a specific market, which is an issue that has been resolved in previous NFT review cases.

$240,000 worth of NFTs were stolen in a sophisticated phishing scam on Blur marketplace.

The scammer used a loophole in Blur’s system to conduct private sales against platform rules.

In a concerning development for the crypto community, an adept scammer has executed a phishing scam on the Blur marketplace, making off with non-fungible tokens (NFTs) valued at approximately $239,676. 

The victim, known as 0xQuit on X (formerly Twitter), reported the theft. That involved six Bored Ape Yacht Club NFTs, 40 Beanz, and three Elementals, all sold for a nominal price of one wei each—a fraction of a cent.

The scammer exploited a loophole in Blur’s listing system to smooth private sales, despite the platform’s usual restrictions against such transactions. By manipulating the royalty settings, the attacker avoided the requirement for public accessibility, enabling private sales.

If the stolen NFTs were listed at practically zero value, automated bots typically intercept such listings by paying higher fees. This leaves the scammer with nothing, despite the platform’s policy against such transactions.

However, in this instance, the scammers are deceiving people into listing NFTs at high prices. That redirects all proceeds to the scammer’s address, as per 0xQuit. Also, the scammer set up a rule that would cancel any transaction unless it initiated by them. That effectively ensured that the sale remained private and that they received the proceeds.

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The Shiba Inu community has been alerted to an important update that requires immediate attention. Lucie, a member of the Shiba Inu team, has reposted a crucial message on X platform, announcing that the logo for SHEboshis (SHEB) has undergone an update. This change is significant for Shiba Inu and the wider crypto community.

SHEboshis launched in February as an addition to the Shiboshi family, bringing a new dawn to the world of non-fungible tokens (NFTs). Sheboshis adopts the DN404 standard, merging the best of the ERC-20 and ERC-721 standards.

🚨‼️ #Shibizens Alert ‼️🚨The logo for $SHEB #SHEboshis has been updated. Please note the new logo and contract address before making any purchases.**Contract address:** 0x5de869e3e62b0fb2c15573246ba3bb3fd97a2275**New logo:** 👇👇👇 pic.twitter.com/RF1GJQv4Zu

— dhel*SHIB l SHIB.io 🐕💨 (@dhelzkiie7) July 1, 2024

According to the X (Twitter) update, the SHEB token now has a refreshed visual identity, taking on a new logo. Along with the new logo, SHEboshis have a new contract address. It is crucial for the community to use this updated address for all future purchases and transactions related to SHEboshis or SHEB tokens.

Why it matters

The cryptocurrency space is no stranger to scams, and the Shiba Inu team is taking steps to protect its community. By updating the logo and contract address, they are creating a clear distinction between the official SHEboshis and any imitation tokens that might appear on the market.

card

The update on X comes as a proactive measure to safeguard the Shiba Inu community against potential scams and ensure that all dealings with SHEboshis and SHEB tokens are secure. In this light, the importance of verifying the new logo and contract address for Sheboshis cannot be overemphasized for avoiding any fraudulent activities that could result in financial loss.

Also, the Shiba Inu community should ensure they follow official Shiba Inu channels for the latest updates, and information in a key measure to stay safe and avoid scams.

It’s no secret that the cryptocurrency space can be risky, especially regarding the security of non-fungible tokens (NFTs). Recently, a user on the Blur Marketplace fell victim to a phishing scam and lost approximately $239,676, a source on X (formerly Twitter) revealed. 

The details are below, as reported by the source.

A user just lost 6 BAYC, 40 Beanz, and 3 elementals by bulk listing them for 1 wei each to a scammer on Blur.See my previous thread on the mechanics: https://t.co/ihWKpshaIT pic.twitter.com/3sLzMES59A

— Quit (@0xQuit) July 3, 2024

The Phishing Scam

According to reports, the heist targeted six Bored Ape Yacht Club NFTs, 40 Beanz, and three Elementals, which were swiped from the user’s digital wallet and listed for one $WEI each on the marketplace. WEI, the smallest denomination of ether, the currency of the Ethereum blockchain, made the listing price essentially zero.

The scam was a sophisticated maneuver that exploited a loophole in Blur’s listing system. 

The scammer altered the copyright settings of high-value NFTs on Blur, diverting all proceeds to their address. Leveraging a rule that canceled existing transactions, the illicit activity remained masked.

The breach involved listing NFTs without the owner’s knowledge, effectively bypassing the platform’s safeguards.

Essentially, the scammer tweaked the royalty settings of the NFTs, effectively sidestepping the platform’s policy against private listings. This allowed them to set up a private sale, ensuring that only their address could complete the transaction. 

Pink drainer has learned how to hack his way into enabling private sales on Blur.Normally, Blur doesn't offer private listings. Any listing you create is open to be fulfilled by anybody.But lately, Pink has been buying items for 0 eth on Blur. How?1/

— Quit (@0xQuit) June 1, 2023

0xQuit, a Solidity developer and auditor, shared this report, shedding light on the probable tactics used by the scammer. It appears the scam was set up as a bait-and-switch tactic, luring the user in with the promise of a free NFT mint or airdrop event advertised on social platforms. Once the user engaged, they were deceived into signing off on a transaction on a fraudulent website.

You’ll recall that Coinfomania had reported a similar phishing scam earlier in May, where a scammer (PinkDrainer) ‘drained’ the user (tatis.eth) of three BoredApeYachtClub NFTs worth around $145,000.

#PeckShieldAlert ZachXBT has detected that tatis.eth has fallen victim to a phishing attack, resulting in the loss of 3 #BoredApeYachtClub NFTs, specifically #BAYC #7531, #BAYC #6736, & #BAYC #2100. The scammer #PinkDrainer has already sold the stolen #BAYCs for a total of ~48.5… pic.twitter.com/vU0EPndvRM

— PeckShieldAlert (@PeckShieldAlert) May 9, 2024

Keeping Your Funds Safe and Hot Wallets Protected

In the wake of this incident, users are urged to be vigilant when trading or storing digital assets. Basic precautions such as double-checking URLs, being wary of unsolicited communications, and keeping private keys secure can go a long way in preventing such unfortunate incidents.

As the saying goes, “Better safe than sorry.” In the unpredictable world of trading cryptocurrencies, these words are especially relevant.

Here are some crucial tips to remember:

Double-check website URLs: Scrutinize every link before clicking. Malicious actors often create websites with URLs that closely resemble legitimate platforms. A single typo could lead you to a perilous phishing site.

Beware of unsolicited messages: Never click links or download attachments from unknown senders. Phishing scams can also occur through social media and email.

Prioritize wallet security: Utilize strong passwords and enable two-factor authentication (2FA) whenever possible. Refrain from sharing your private keys with anyone.

The post Phishing Scam on Blur Marketplace Costs User Almost $240,000 in NFTs appeared first on Coinfomania.

A Massachusetts judge has refused DraftKings’ motion to dismiss a class action lawsuit filed by buyers of its non-fungible tokens (NFTs). The suit contends that the tokens constitute investment contracts, paving the way for a future legal struggle over whether NFTs are securities. 

Also Read: Bittensor’s TAO tanks 13% after a $8M crypto hack

DraftKings, a daily fantasy sports and sports betting site sells sports-themed NFTs in its marketplace using the Polygon blockchain. The United States SEC has gone after several cryptocurrencies claiming they are securities, and that did not age well. The present shift to NFTs stands to usher in a new era of NFTs classification.

A new legal era of NFTs trial on unregistered securities

Plaintiff Justin DuFoe claims the DraftKings NFTs constitute unregistered securities and that many of the investors who buy them “lack the technical and financial sophistication necessary to evaluate the risks associated with their investment.” DuFoe filed a lawsuit against the entity in March 2023.

DuFoe claims that he and other customers purchased DraftKings NFTs at the company’s first public offering, hoping the NFT platform would enable them to “realize profits.” The lawsuit alleges:

The profits would be realized when the Plaintiffs and the Class sell their NFTs on the secondary market platform that DraftKings owned and managed solely.

Lawsuit 

DuFoe alleges he and others were eventually “entirely dependent” on DraftKings’ managerial efforts when they purchased the NFTs and later sold them on a secondary market controlled by the company. 

Michael G. Bongiorno, Andrew S. Dulberg, and Michelle L. Sandals from Wilmer Cutler Pickering Hale and Dorr stepped in to represent DraftKings.

DraftKings investment contracts brought into question?

According to the class action lawsuit, the NFT entity “had actual knowledge of facts,” indicating that the NFTs they advertised and sold were securities under federal and state securities laws but failed to register them.

Source: Esports.net

The class action reads that “Defendants reaped or will reap, hundreds of millions of dollars in profits from their unregistered securities sales.”

DuFoe seeks to represent a worldwide class of individuals who have purchased or otherwise acquired a DraftKings NFT since August 11, 2021. 

The NFT entity is charged with violating the Securities Act of 1933, the Securities Exchange Act of 1934, and two Massachusetts general laws.

The plaintiff is seeking a jury trial and an award of rescissory damages and interest for himself and other class members.

In January, DraftKings faced another class action lawsuit from a consumer alleging improper payment to users after canceling a National Football League game on January 2nd.

Court finds DraftKings’ NFTs meet securities criteria under Howey test

According to a recent ruling, the court determined that the NFTs were likely to qualify as securities under the Howey test because they involved a financial investment, pooled assets into a shared business with shared risks and profits, and generated a reasonable expectation of profit from its’ operations.

Also Read: Exchanges in South Korea ready to comply with new regulations

The court concluded that it is reasonable to argue that the values of the NFTs were reliant on the DraftKings Marketplace’s success, pointing out that the value fluctuates in proportion to interest in that particular marketplace—a problem that has been explored in earlier NFT instances.

What lies ahead in the DraftKings NFT lawsuit?

It’s challenging to predict how the class action lawsuit will turn out. The marketplace is the sole area where customers can purchase and sell the firm’s NFTs. A jury may find that the gaming company has an obligation to manage the NFT platform appropriately to protect customers from financial loss.

Just as investors of traditional securities such as common stock, preferred stock, bonds, and warrants that have different features and profit opportunities are still equally dependent on the managerial efforts of the company, here the investors of DraftKings’ NFTs nominally associated with other players were entirely reliant on DraftKings’ managerial efforts.

Legal complaint

However, class action lawsuits resulting from lost securities values frequently end in a courtroom battle when judges decide that investing entails risk and that investment product producers are not necessarily accountable for market conditions that cause prices to decline.

Cryptopolitan Reporting by Florence Muchai

According to Odaily, a recent report by blockchain investigator ZachXBT revealed that an address starting with 0x0CDa was deceived into losing 6 Bored Ape Yacht Club (BAYC) and 40 Beanz Non-Fungible Tokens (NFTs). The details of how the scam was executed remain unclear.

The Bored Ape Yacht Club (BAYC) and Beanz are both popular NFT collections, with BAYC in particular being one of the most sought-after NFTs in the market. The loss of such a significant number of these tokens is a considerable blow to the owner of the 0x0CDa address.

This incident serves as a reminder of the risks associated with the burgeoning NFT market. As the popularity and value of these digital assets continue to rise, so too does the potential for scams and fraud. Investors are advised to exercise caution when dealing with NFT transactions.

Ethereum (ETH) has become a beacon in the sea of blockchains, boasting a staggering 92% surge in dApp (decentralized application) volume over the past week. This news, however, comes with a layer of complexity, revealing a landscape of both opportunity and potential setbacks for the leading blockchain.

Cheap Gas Fuels The Fire

Analysts attribute the dApp volume explosion to the Dencun upgrade in March, which significantly reduced gas fees – the cost associated with processing transactions on the Ethereum network.

Lower fees have historically enticed users, and this recent development seems to be no different. The surge in activity suggests a revitalized Ethereum, potentially attracting new projects and fostering a more vibrant dApp ecosystem.

NFT Mania Drives The Numbers

While the overall dApp volume (see chart below) paints a rosy picture, a closer look reveals a more nuanced story. The surge appears to be driven primarily by a surge in NFT (Non-Fungible Token) trading and staking activity.

Applications like Blur and Uniswap’s NFT aggregator saw significant hikes, highlighting the booming NFT market on Ethereum. This trend indicates a thriving niche within the Ethereum dApp landscape, but raises questions about the platform’s diversification beyond NFTs.

A Look At User Engagement

A curious wrinkle emerges when examining user engagement metrics. Despite the impressive volume increase, the number of unique active wallets (UAW) on the Ethereum network has actually decreased.

This disconnect suggests that the current activity might be driven by a smaller, more active user base. While high volume is certainly a positive indicator, it’s crucial to see broader user participation to ensure the sustainability of the dApp ecosystem.

A Glimmer Of Hope?

One positive long-term indicator for Ethereum is the trend of decreasing exchange holdings, as reported by Glassnode. This suggests ETH holders are moving their assets off exchanges, potentially reducing sell pressure and contributing to price stability.

If this trend continues, ETH could potentially target reaching $4,000 this quarter or even surpass its all-time high. However, this price prediction remains speculative and depends on various market forces.

Ethereum At A Crossroads

Ethereum finds itself at a crossroads. The Dencun upgrade has demonstrably revitalized dApp activity, particularly in the NFT space. However, the uneven dApp performance and declining UAW raise concerns about the long-term viability of this growth. Network growth, measured by the number of new addresses joining the network, is also slowing down, according to Santiment, potentially hindering wider adoption.

The short-term price outlook for ETH remains uncertain. While the long-term indicators, like decreasing exchange holdings, suggest potential for price appreciation, the network’s growth slowdown might lead to a short-term price dip.

Looking Forward

The coming months will be crucial for Ethereum. The platform needs to capitalize on the renewed interest in dApps by attracting a broader user base and fostering a more diverse dApp ecosystem beyond NFTs. Addressing scalability issues and ensuring user-friendly interfaces will also be key to sustaining growth.

If Ethereum can navigate these challenges, it has the potential to solidify its position as the premier platform for decentralized applications. However, if it fails to adapt, other blockchains waiting in the wings might capitalize on its shortcomings.

Featured image from Pexels, chart from TradingView

Source: NewsBTC.com

The post Ethereum DApps On Fire: Volume Soars Over 90% — Good For ETH Price? appeared first on Crypto Breaking News.

Innovations are one of the most critical aspects of the blockchain industry.  Tron (TRX) and Maker (MKR) are good examples.

However, a new project with its presale, Cosmic Kittens (CKIT) is making waves lately. Let’s see how these three are going to impact 2024.

>>>Click Here To Learn More About Cosmic Kittens (CKIT)<<<

Cryptos to Watch in 2024:

Tron (TRX): Most Used Blockchain for USDT

Cosmic Kittens (CKIT): The Feline Altcoin and NFT Combo

Maker (MKR): Lending and Borrowing in Stablecoin

>>>Click Here To Learn More About Cosmic Kittens (CKIT)<<<

Tron (TRX): The Blockchain for USDT

Tron (TRX) is famous for a Layer-1 network that is extremely fast and cheap to use. While primarily aimed at creating a decentralized ecosystem for content creators and consumers, Tron (TRX) has dipped its toes in DeFi, GameFi, and other aspects of blockchain.

Tron’s (TRX) cheap and fast transmission makes it an ideal choice for several large projects. It’s the go-to choice for using the USDT stablecoin as a TRC-20 token.

However, while Tron (TRX) boasts high transaction speeds and low fees, it has struggled to attract a significant number of high-quality decentralized applications (dApps) compared to its competitors. This lack of substantial dApp adoption and ongoing centralization concerns have cast a shadow over Tron’s (TRX) future prospects, potentially limiting its growth and appeal to new investors.

>>>Click Here To Learn More About Cosmic Kittens (CKIT)<<<

Cosmic Kittens (CKIT): The Feline Gaming Altcoin and NFT Combo

Cosmic Kittens (CKIT) has caught the attention of crypto pundits worldwide. Offering gameplay involving a deep connection with the users and an expansive world to explore, Cosmic Kittens (CKIT) features a project that meets the desires of many play-to-earn gamers. Its ecosystem contains cute and furry creatures. Yet, this gaming adventure is backed by an altcoin with a utility, breaking the norms of the industry.

Like classics like Pokemon, Tamagotchi, and Digimon, Cosmic Kittens (CKIT) lets gamers spend time with their NFT pets, providing needed nurture and care. Gamers will also provide playtime to boost the happiness of these pet NFTs. Some of these NFTs will develop unique traits and abilities as they evolve. Gamers can explore selective breeding on Cosmic Kittens (CKIT), honing their traits and abilities.

They can also use selective breeding to form special NFT combinations. Cosmic Kittens take a favorable approach to asset ownership. Gamers are free to trade NFT assets, earning CKIT in return. The game will also reward players with CKIT tokens as they unlock new combinations and special abilities. Finally, CKIT tokens come with a staking option that gives out percentage and yield boosts to gamers who hold their tokens for long periods, thus incentivizing long-term commitment to the Cosmic Kittens ecosystem.

To ensure Cosmic Kittens (CKIT) does not fall out of favor due to security liabilities, the development team will implement a 2-year team token lock to avoid rug pull. It will also implement a 26-year liquidity lock (so CKIT only strengthens). Cosmic Kittens’ ongoing presale has created the perfect euphoria in the crypto market as experts believe CKIT has the ability to rise 20x by mid 

>>>Click Here To Learn More About Cosmic Kittens (CKIT)<<<

Maker (MKR): Lending and Borrowing in Stablecoin

While Maker (MKR) has been a significant player in the DeFi space, doubts and apprehensions about its future performance linger among investors. Despite its pivotal role in the decentralized finance ecosystem through its stablecoin, DAI, Maker (MKR) has struggled with volatility and governance issues that have left some questioning its long-term viability.

The complexity of Maker’s (MKR) governance model, which relies heavily on Maker (MKR) token holders to make critical decisions, has sometimes resulted in slow and contentious decision-making processes. This can be problematic in the fast-paced world of DeFi, where timely and decisive actions are crucial. Additionally, the platform has faced criticism for its vulnerability to governance attacks, where a single entity could potentially amass enough Maker (MKR) tokens to sway decisions in their favor.

Furthermore, while some analysts predict a modest price increase for Maker (MKR) in 2024, with expectations of growth between 1.2 to 1.5 times its current value, these projections are tempered by the inherent risks and uncertainties surrounding the project. The competitive DeFi landscape, coupled with the aforementioned governance challenges, casts a shadow over Maker’s (MKR) ability to achieve sustained growth and stability. As such, while there is potential for positive returns, investors remain cautious and wary of the potential pitfalls.

>>>Click Here To Learn More About Cosmic Kittens (CKIT)<<<

Cosmic Kittens (CKIT) Ready to Moon – and Beyond

Tron (TRX) is showing some potential to gain traction in 2024. As it expands its content creation and consumption, it will keep attracting more artists. On the other hand, with its support of USDT and being the most used network for it, the industry’s growth will directly influence its price and always has a chance to affect it negatively.

Similarly, Maker (MKR) will grow as more people use their expensive crypto assets to get easy loans in the shape of DAI, avoiding the high fees and complexities of traditional banks.

However, Cosmic Kittens (CKIT) seems a class apart. Analysts say its addition of NFT ownership, exciting play-to-earn incentives, and its presence in the rapidly expanding blockchain gaming market will push the token to new heights. 

In its current presale stage, the Cosmic Kittens (CKIT) tokens are a steal, currently trading at $0.0055 per coin. Joining its presale now is the perfect opportunity to capitalize on Cosmic Kitten’s (CKIT) 20% bonus. 

To learn more about its presale, click the links below.

Website: https://cosmickittens.online/

Telegram: https://t.me/cosmickittens

Twitter: https://x.com/CosmicKittens_X

Whitepaper: https://cosmickittens.gitbook.io/cosmic-kittens

The post Crypto News: Tron (TRX) Cosmic Kittens (CKIT) and Maker (MKR) appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.

Cosmic Kittens (CKIT) is a new face in blockchain gaming that combines space-themed NFT cats with attractive P2E rewards.

Cosmic Kittens (CKIT) is set to make waves in the blockchain gaming sector with its innovative approach, merging space-themed NFT cats with engaging Play-to-Earn (P2E) mechanics. Built on the Ethereum blockchain, CKIT aims to revolutionize the GameFi landscape by blending meme coin appeal with the robust functionalities of Non-Fungible Tokens (NFTs).

Cosmic Kittens (CKIT): Pioneering a New Era in Crypto Gaming

Cosmic Kittens (CKIT) is not just another entrant in the crypto gaming arena; it’s a project with a vision to redefine the GameFi ecosystem. By integrating meme coins with NFTs, CKIT offers a unique gaming experience where NFTs are more than collectibles; they are the key to a futuristic gaming world. In the Cosmo Kittania Universe, players will nurture their NFT cats, known as Cosmic Kittens, each boasting unique abilities and traits. The gameplay involves caring for these galactic, superpowered NFTs, enhancing their strength and capabilities through attentive care and selective breeding, reminiscent of classics like Tamagotchi, Nintendogs, and Pokémon.

Economic Opportunities in Cosmic Kittens (CKIT) GameFi Ecosystem

Cosmic Kittens (CKIT) offers multiple monetization avenues within its GameFi ecosystem, providing players with high-value crypto assets and numerous ways to earn. These include:

NFT Kitten Trading: Players can buy, sell, and trade their unique NFT kittens in a dynamic marketplace.

CKIT Token Staking: Stake CKIT tokens to earn rewards and unlock exclusive game features.

Rocket Rewards Program: Participate in special missions and challenges to earn additional rewards.

Cosmic Sanctuary: A haven where NFT kittens can rest, rejuvenate, and enhance their abilities.

Breeding and Evolution: Enhance your NFT kittens by breeding them to produce new, more powerful offspring.

Presale Launch and Market Impact

Launched in 2024, Cosmic Kittens (CKIT) has quickly gained attention in the crypto gaming community. Its presale has been highly anticipated, reflecting the growing interest in immersive GameFi experiences that also offer substantial rewards. Analysts predict that the GameFi market, projected to reach $800 billion by 2030, will provide fertile ground for CKIT’s growth and success.

About Cosmic Kittens (CKIT)

Cosmic Kittens (CKIT) is a trailblazing project in the cryptocurrency gaming space, offering a unique blend of NFT and meme coin dynamics. By leveraging the booming GameFi market, CKIT provides players with a distinctive gaming experience enriched with high-value rewards and innovative gameplay mechanics.

For more information about Cosmic Kittens (CKIT) and to participate in the presale, visit:

Website: https://cosmickittens.online/

*Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

The post Cosmic Kittens (CKIT) Unveils Revolutionary Blockchain Gaming Experience appeared first on Visionary Financial.

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.

The non-fungible token market has continued to demonstrate remarkable endurance over the past few months despite the high levels of market volatility. Despite experiencing a brutal market meltdown, the non-fungible token market has raised more than $3 billion in trading sales volume in the past three months.

Data compiled by Tiexo, an on-chain multi-chain non-fungible token explorer, indicates that the non-fungible token trading sales volume across the top five NFT market platforms surpassed the $3.7 billion mark, with one of the biggest multi-chain NFT marketplace, Magic Eden, taking the lion’s share. Below, we have listed the five top NFT marketplaces by trading sales volume:

Five Top NFT Marketplaces In Q2, 2024

1. Magic Eden NFT Marketplace

Magic Eden was the most-traded NFT marketplace in the second quarter of 2024. In the past three months, the non-fungible token market platform has amassed $1.27 billion, representing 34% of the total market share. Out of the $1.27 billion, the non-fungible token created on the Bitcoin network took 61% of the market share, while Solana and Ethereum digital items took 22% and 16%, respectively.

2. Blur NFT Marketplace

Blur was the second most-traded NFT market platform in the second quarter of 2024. In the past three, the non-fungible token market platform recorded a trading sales volume of $1.04 billion, representing 27.79% of the total market volume. Since Blur was single-chained at the time, the Ethereum-based digital items took 100% of the market share.

3. OKX NFT Market Platform

OKX, a non-fungible token marketplace from a renowned crypto exchange, OKX, was the third most-traded NFT marketplace in Q2, 2024. In the past three months, the OKX NFT marketplace recorded a trading sales volume of $465 million, representing 12.48% of the total sale volume. During this time, the Bitcoin-based NFT collection took 99% of the total market volume.

4. UniSat NFT Marketplace

UniSat was the fourth most-traded NFT market platform in the second quarter of 2024. UniSat has recorded a trading sales volume of $376 million in the past three months, representing 10% of the total market volume. During this period, the Bitcoin-based NFT collection swept 100% of the total trading sale volume.

5. OpenSea NFT Marketplace

OpenSea, the leading non-fungible token marketplace in sales during the 2021-2022 historic bull run, was the fifth most-traded NFT marketplace in Q2, 2024. In the past three months, the NFT marketplace has attracted a trading sales volume of $346 million, taking 9.30% of the total $3.75 billion sales volume. Out of the $346 million, Ethereum, Polygon, and BNB-chain NFT collections took 52%, 40%, and 8%, respectively.

Five Top NFT Collections In Q2, 2024

1. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, an all-time top-selling from the digital asset firm Yuga Labs that features a fixed supply of 10,000 Ethereum-based NFTs, was the top-selling NFT collection in Q2, 2024. In the past three months, the Bored Ape NFT collection has amassed a trading sales volume of $193 million.

2. Runestone NFT Collection

Runestone, a non-fungible token created by crypto influencer Leonidas consisting of 112,384 unique digital items living on the Bitcoin network, was the second most-selling NFT collection in Q2, 2024. In the past three months, the Runestone NFT collection has recorded a trading sales volume of $144 million.

3. Dog-To-The-Moon NFT Collection

Dog-To-The-Moon, another non-fungible token collection from the crypto influencer Leonidas, was the third most-selling NFT collection in Q2, 2024. In the past three months, the Dog-To-The-Moon NFT collection has recorded a trading sales volume of $142 million.

4. Pudgy Penguins NFT Collection

Pudgy Penguins, a non-fungible token collection from the toy brand Pudgy Penguins that features a fixed edition of 8,888 NFTs hosted on the Ethereum blockchain network, was the fourth most-selling NFT collection in Q2,2024. In the past three months, the Pudgy Penguins NFT collection has raised a trading sales volume of $138 million.

5. Mutant Ape Yacht Club NFT Collection

Mutant Ape Yacht Club, another non-fungible token collection managed by Yuga Labs featuring a limited supply of 20,000 NFTs hosted on Ethereum, was the fifth most-selling NFT collection. In the past three months, the Mutant Ape Yacht Club NFT collection has attracted a trading sales volume of $116 million.

Related NFT News:

Solana Beats Them All In Daily NFT Sales – Becomes The Leading NFT Blockchain

Breaking: Polygon Becomes The Leading NFT Blockchain – Its NFT Sales Jump 42%

NFT Sales Fall 46% In June – Here’s The NFT Market Prediction For July 2024

Fantasy web 3.0 game Chibi Clash launched its “Kingdoms Alliance” event which will see players compete for rewards from July 2 to July 22.

According to a July 2 Chibi Clash announcement, the event is a result of a collaboration between 21 partners including AI Arena, Apeiron, Pixelmon, Pirate Nation, Shrapnel, The Beacon, Xterio, Yield Guild Games. The event will see players pledge allegiance to the project of their choosing, form alliances and compete over 2,496 strategic land plots.

Players are awarded daily action points allowing them to explore the aforementioned land plots with additional points being given to those holding non-fungible tokens (NFTs) and completing achievements in the game. Players who hold designated NFT collections issued by partner projects will be awarded double Kindom Points for play-to-airdrop challenges during the event. Chibi Clash CEO Ted Mui said:

"We're excited to launch the Kingdoms Alliance Event, where collaboration and competition will define the gameplay experience. [...] This event exemplifies our commitment to fostering community engagement and strategic depth within our game.”

The event’s prize pool holds 5,000,000 Clash (CLH) tokens that will be distributed to players among the top five highest ranking alliances and land NFT owners after the token generation event. According to CoinMooner data, this is equivalent to a prizer pool of about $31,000 as of July 3.

Chibi Clash is not a new project by crypto standards. The team behind this play-to-earn project raised $3 million in a private round to build the game back in late May 2022.

The round saw the participation of major players including Polygon Ventures, Alliance, Genblock Capital, Jump Capital, C² Ventures, Kyros Ventures, NGC Fund, PANONY, PetRock Capital, Shima Capital, Avocado DAO and Rainmaker Games. Urvit Goel, VP of Games BD at Polygon Ventures at the time promised that the firm will “fully support their development of groundbreaking play-and-earn gaming ecosystem on Polygon."

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

IceCreamSwap, a decentralized exchange renowned for its AI-powered DEX aggregator, has officially launched on the Mint Blockchain. This platform is designed to enable users to trade tokens at optimal rates. Significantly, it enhances the trading experience within the Mint Blockchain ecosystem.

1/ Big Announcement! 🎉IceCreamSwap, a decentralized exchange with an AI-powered DEX aggregator that enables users to trade tokens at the best rates, is live on the @Mint_Blockchain! 🚀Learn how this integration will revolutionize the Mint Ecosystem. 🧵👇 pic.twitter.com/uT1hcoxmgU

— IceCreamSwap (@icecream_swap) July 2, 2024

Mint Blockchain Boosts NFT Market with AI DEX Aggregator

Mint Blockchain is a Layer 2 Ethereum scaling solution designed for the NFT market. It seeks to bring NFTs to mainstream usage in a superchain, providing a reliable architecture for NFTs. The introduction of IceCreamSwap into this ecosystem is expected to avail users with improved trading functionality using AI technology.

Some essential elements of the Mint Blockchain ecosystem are ZAN, which has been included as the designated RPC supplier, and NFTScan as the official on-chain NFT browser. Moreover, several NFT marketplaces exist in this ecosystem, all powered by Supra Oracle to enhance decision-making for dApps.

One of the distinctive elements of IceCreamSwap is the functionality of the AI DEX Aggregator that is launched for Mint Blockchain now. The integration of these two concepts presents several important benefits. First, the AI-powered DEX Aggregator means that users can swap tokens at the rates that are available on every DEX and optimise every trade.

Secondly, the platform creates opportunities for arbitrage, thus representing opportunities for users to profit from discrepancies instead of being exploited by arbitrage bots. This results in better execution prices and lower price effects to make trades more efficient and profitable.

In addition, users can offer liquidity in IceCreamSwap, which has advantages like receiving trading fees with no deposit and withdrawal fees or time lock. This feature increases the platform’s appeal to liquidity providers.

IceCreamSwap Ensures Security with Audited Contracts

Notably, all the trading contracts in IceCreamSwap are safe and secure because the decentralised platform is security audited. This makes the customers to feel safe to engage in trading because the platform is safe, reliable and secure.

The launch of IceCreamSwap on the Mint Blockchain is a groundbreaking improvement in numerous aspects of decentralized trading and NFT. IceCreamSwap provides a better trading experience that is more convenient, cheaper and safer by implementing latest artificial intelligent technology. This new launch of IceCreamSwap on Mint Blockchain underscores the growing potential of the Mint Blockchain ecosystem in the realm of NFTs and decentralized finance.

Coinspeaker Solana Backs Decentralized Ticketing Platform XP to Tackle Industry Issues

Solana, the high-performance blockchain network, has thrown its weight behind XP, a decentralized alternative to the ticketing giant Ticketmaster. In a promotional video recently shared via Solana’s official X account, the firm highlighted what it says is the “Ticketmaster problem,” presenting XP as a solution built on blockchain technology.

Hidden Fees and Market Dominance Problem Highlighted

The video details the problems within the US ticket industry, particularly in the area of hidden fees. It noted the frustration that fans feel about the lack of transparency that makes it possible for a concert ticket advertised for $455 to end up costing a whopping $1,088 at checkout due to hidden charges. Per the video, this situation is widespread throughout the industry and it was always a matter of time before the issue got addressed.

In another post, Solana also revealed that market dominance is another issue that has plagued the industry for a long. According to the post, the US Senate did investigate the ticketing industry in 2023 and made a surprising finding. The Senate found that roughly 70% of all tickets in the US are sold through a single vendor. This level of market dominance raises concerns about fairness and competition, Solana added.

XP Tickets to Bring a Secure, Affordable, and Transparent Solution

Solana believes that XP will be a leveler to these long-standing issues within the ticketing industry. Built on the Solana blockchain, XP promises a secure, trustworthy, and most importantly, affordable platform for buying and selling event tickets.

“XP is turning the ticketing system on its head by transferring and reselling tickets via Solana,” Solana declared. The firm says that the solution will allow users to carry out instant ticket transfers and resales via non-fungible tokens (NFTs), powered by Solana. This means that XP will encrypt each ticket as a unique NFT, allowing for secure and transparent transactions.

XP has gone a little further even. To combat ticket fraud, it employs Tamperproof NFTs (tpNFTs). These secure NFTs prevent tampering until the ticket holder chooses to resell them.  This innovative system guarantees buyers are purchasing legitimate tickets.

In the area of fees, XP leverages the efficiency of Solana’s blockchain technology to reduce fees. According to Solana, users can rest assured that they will save $61 per ticket with XP on average. That is a notable reduction from what is obtainable on more established resale platforms like StubHub, SeatGeek, or Vivid. Solana is quoted as saying:

“Tickets are 20% to 30% cheaper than resale sites like StubHub and SeatGeek.”

It remains to be seen how XP comes into the industry with its new offerings and Solana’s backing. However, if it is able to eliminate the problems associated with traditional ticket resales, XP may just disrupt the market dominance that TicketMaster currently enjoys.

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Solana Backs Decentralized Ticketing Platform XP to Tackle Industry Issues

There has been a general bearish downturn in the cryptocurrency market recently. Amid this, some crypto projects, like Cardano (ADA) and Binance Coin (BNB), are looking 

A new coin, Cosmic Kittens (CKIT), is making its debut with a presale underway. Read ahead to see what makes this cryptocurrency project special and if it can survive this possible bull run.

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Cardano (ADA) Fluctuates in 2024

In April, the Cardano (ADA) whales were active as transactions worth more than $13 billion were settled daily. This large amount, far bigger than Ethereum’s (ETH) $5 billion average at the time, indicated surging interest in Cardano (ADA).

Despite this, there’s no denying that Cardano (ADA) has been on the back burner in 2024. Cardano (ADA) recorded a drop of 16.42% in value. Today, Cardano (ADA) is trading at $0.407, far lower than its prime.

What’s in Store for Binance Coin (BNB)?

2,141,487.27 Binance Coins (BNB) worth $636 million were removed from circulation in April, completing its 26th quarterly burn. This activity is common for all crypto tokens aimed at improving their value. With a reduced number of tokens in the market, the value of that cryptocurrency is expected to rise.

Yet, Binance Coin (BNB) fell by 19.27% since early June. Now, Binance Coin (BNB) is trading at $551. Top analysts originally envisaged an exceptional second half of 2024 for Binance Coin (BNB), however, there has been increasing doubt as to whether it can recover and meet the expectations that experts and analysts once had. 

Cosmic Kittens (CKIT): The Gamers Coin

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Players can use the breeding and evolution mechanics reminiscent of classic games like Pokemon and Digimon in this cosmic adventure. By selectively breeding their Cosmic Kittens (CKIT), players can witness the emergence of offspring with inherited traits and newfound powers. These kittens undergo remarkable transformations through careful nurture and unique experiences, evolving into formidable and extraordinary variations. This detailed personalization enhances the gameplay experience but also plays a crucial role in the game’s economy, as players can trade these NFT kittens on the open market for CKIT tokens. These tokens can be reinvested into acquiring rare kitten breeds and unlocking new content, making each player’s strategy distinct.

Concluding this cosmic odyssey, players can create their own personalized Cosmic Sanctuary, a haven where their Cosmic Kittens (CKIT) can unwind and recharge after gaming escapades. With Cosmic Kittens (CKIT) tokens, players can adorn their sanctuary with unique items and cosmic decorations, echoing the personalization and care reminiscent of the beloved Nintendogs series. In this sanctuary, players can witness the bond between them and their Cosmic Kittens (CKIT) flourish, creating unforgettable memories amidst the stars.

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Join the Cosmic Kittens (CKIT) Family Today

The Cosmic Kittens (CKIT) presale has started, and you can be among the first to act on it. Many investors and market analysts have high ratings for Cosmic Kittens (CKIT) following its emergence in the blockchain gaming space, which continues to expand at an astronomical rate. Cosmic Kittens (CKIT) just kicked off its presale, becoming one of the most advantageous opportunities in the crypto market.

CKIT is now selling at $0.0055 in stage one of its presale. Cosmic Kittens (CKIT) is also offering a prize of discounted NFTs to selected presale investors. 

Investors and experts are gearing up for this to be the most lucrative investment opportunity for 2024, with estimated predicted gains between 200-500X upon launch, meaning potential profits of up to $3 within the 2024 alone.You can join the Cosmic Kittens (CKIT) community today by clicking the links below.

Join the Cosmic Kittens (CKIT) community today:Website: https://cosmickittens.online/Telegram: https://t.me/cosmickittensTwitter: https://x.com/CosmicKittens_XWhitepaper: https://cosmickittens.gitbook.io/cosmic-kittens

The post 2024 Crypto Bull Market Sentiments Take Off: Can Cosmic Kittens (CKIT) Beat Cardano (ADA) & Binance Coin (BNB)? appeared first on CoinChapter.