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NFT News June 21, 2022

Flyfish Restaurant Releases Exclusive NFT with Benefits

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The Flyfish Club is a colorful and inviting, old-school collection from a celebrated artist. This collection, called the Flyfish Club was established as the first exclusively private dining club for NFT holders. Exclusive club members will be able to gain private access to an exclusive dining room in New York City which covers an area of over 10,000 square feet. The standard membership NFT gives the holders access to reservations for one table with up to 8 non-token guests.

 

The Scoop

A token owner is given access to eat at Flyfish, the real restaurant in NYC, whenever they like with a reservation. Additionally, the token owners are required to call the restaurant ahead of time, up to 14 days in advance if they’d like to reserve a table. The reservations number has no limit, and the owners can have up to 8 guests with them at any time, per availability. There is always a waiting list, of course, so registration is subject to hold, but the NFT owners do get preference.

The Word on the Street

“At a high level, the Flyfish Club and its NFT membership is essentially a new, crypto-ized spin on an old idea: a member’s only dining club. To start, VCR initially made a total of 1,501 membership tokens for the Flyfish Club available to the public and reserved 1,534 for the company. Membership remains valid as long as a person owns the token. As just like most NFTs, the owner can resell the token (and many are already trying to do just that) on marketplaces like Opensea.” -Opensea

 

MetaNews is your number one resource for information on the Metaverse and the markets. We deliver the relevant news, every day. Don’t forget to check us out on Twitter! @metanews_com. Our staff of expert researchers and copywriters are dedicated to bringing you the latest, most relevant information from all over the Metaverse and its affiliated properties. From commerce and finance, to technology and interconnectivity, MetaNews produces well researched, accurately sourced articles on a daily basis.

Billy Houghton is a top acclaimed and sought-after commodities futures trading expert. The expertise and in-depth level of analysis that is offered by Billy Houghton is what has managed to put him at the stage of being the top ranked author for MetaNews among multiple different categories. Throughout his career, Billy has specifically spent over three decades on Wall Street fine-tuning his skills, which included over two decades at a trading desk. In more recent times, specifically the last decade, Billy has been researching algorithms of AI in futures trading, and believes they are the future of trading. He started writing about the Metaverse, as he thinks its the future of everything AI related.

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NFT News

Volume of NFTs is Down Nearly 100% From Beginning of Year

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It should come as no surprise that the volume of NFTs has plummeted since the beginning of the year. But what you may not know is just how bad it really is, or how bad it may yet become if things don’t turn around soon. Certainly, and we’ve written before about this, there are bright spots that suggest the valuations will turn around. However, we aren’t entirely convinced that things are going to turn around anytime soon. In this article, we will be taking a closer look at the recent assessments of the market offered by some of the sources we have.

 

The Scoop

Ironically, in spite of the monumental and historical decline in the valuations of NFT this year, the production and creation of new NFT projects hasn’t slowed down in proportion to the decline. This isn’t exactly a surprise considering the draw NFTs have in the overall market of entrepreneurs. What we mean is that many investors are trying to “buy the short” as it were.

They are trying to produce more NFTs that may grant them a lot of profits once, and IF, things turn around for the market. For example, as many as 15 new collections A DAY are being added to OpenSea and other platforms, and this marks a stabilizing trend in a market that is seeing an incredible decline.

 

The News Take

“Through the uptrends and downtrends, OpenSea has maintained its lead when it comes to NFT trading. It has made its mark as the first major NFT trading platform in the space and as such remains highly favored among investors. The addition of other networks such as the Solana network has also helped grow its popularity in the market. This does not mean that the marketplace is without competition though.” -Bitcoinist

 

MetaNews is your number one resource for information on the Metaverse and the markets. We deliver the relevant news, every day. Don’t forget to check us out on Twitter! @metanews_com. Our staff of expert researchers and copywriters are dedicated to bringing you the latest, most relevant information from all over the Metaverse and its affiliated properties. From commerce and finance, to technology and interconnectivity, MetaNews produces well researched, accurately sourced articles on a daily basis.

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NFT News

Certain NFTs Are Lifting The Gloom Despite the “Winter”

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Lately, there has been a not-so-subtle downturn in the profitability of NFTs and crypto-currencies, and everyone is watching. However, there is some good news circulating around the subject. If fact, NFTs, or a certain type in any case, are seeing a turn around. Specifically, a type of NFT called generative NFTs seem to be braced from the worst of the frost that has bitten the entire market. In this article, we will be describing the nature of the generative NFTs and how they have actually braced themselves against the downturn.

 

The Scoop

The sales of “generative art” have skyrocketed over the past few weeks, and several prominent collections have seen an even larger break than they enjoyed previously. An important factor in the recent uptick in sales for some of these collections was William Mapan’s Anticyclone, which minted initially at 0.75 ETH when it was revealed on the Art Blocks platform on Apr. 29.

The rock bottom price for one of the 800 generative art piece NFTs steadily rose through the month of June, and the lowest artifacts are now priced at 5.4 ETH on the secondary market. In terms of the dollars, the floor price has risen from around $2,100 to $5,800.

 

The News Take

“Anticyclone lives on the Ethereum blockchain, but like many other generative artists, Mapan got his start in the NFT space on Tezos. Following the rise in popularity of Anticyclone, Mapan’s Dragons collection saw a parabolic price rise on fxhash, Tezos’ equivalent to Art Blocks. The cheapest Dragons are currently priced at around 1,700 XTZ after trading under 100 XTZ at the start of the year.” -Crypto Briefing

 

MetaNews is your number one resource for information on the Metaverse and the markets. We deliver the relevant news, every day. Don’t forget to check us out on Twitter! @metanews_com. Our staff of expert researchers and copywriters are dedicated to bringing you the latest, most relevant information from all over the Metaverse and its affiliated properties. From commerce and finance, to technology and interconnectivity, MetaNews produces well researched, accurately sourced articles on a daily basis.

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NFT News

NFTs Are Being Scrutinized by Euro Union Lawmakers Today

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NFT trading platforms are, and always have been, under a high degree of scrutiny, but today they even more criticism under new EU legislation. Members of the European Parliament issued a litany of new pieces of law that may place NFT platforms in jeopardy this weekend. Politicians and legislators belonging to the Green Party as well as the new socialist representatives are in high spirits concerning the state of crypto wallets and NFT markets, mostly because they see these new legislative acts as a win for the restrictive policy makers.

 

The Scoop

The Green Party and their representatives Ernest Urtasun and Kira Marie Peter-Hansen, have proposed an amendment to certain policies concerning crypto and NFTs. Additionally, socialists Aurore Lalucq and Csaba Molnár are interested in making NFT platforms  “obliged entities” under EU money laundering law, according to the document dated June 22.

What this means for big companies like OpenSea and Crypto.com is that they might have to balance and reexamine the risk of illicit financial instruments for which they provide a platform.

 

The News Take

Today we put order in the Wild West of crypto assets and set clear rules for a harmonized market. The recent fall in the value of digital currencies shows us how highly risky and speculative they are and that it is fundamental to act. -Stephen Berger

 

MetaNews is your number one resource for information on the Metaverse and the markets. We deliver the relevant news, every day. Don’t forget to check us out on Twitter! @metanews_com. Our staff of expert researchers and copywriters are dedicated to bringing you the latest, most relevant information from all over the Metaverse and its affiliated properties. From commerce and finance, to technology and interconnectivity, MetaNews produces well researched, accurately sourced articles on a daily basis.

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