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NFT News May 28, 2022

Invisible Friends, the Popular NFT Collection From Magnusson

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With a little over half a million Twitter followers and almost 300,000 members in the project’s Discord server, getting their hands on a white paper position was not an easy thing for the dev teams. “I did the Discord grind for weeks, got to level 20 and participated in every marbles, meditation, gardening and journaling workshop. I even bought $2,000 worth of merch to try and get noticed. But it wasn’t enough to get whitelisted.” This was taken from comments in the community in the Discord, and demonstrates the dedication these owners have for the Invisible Friends.

 

What’s The Invisible Friends?

Invisible Friends is a very popular NFT collection of 5,000 animated “invisible” characters. Recently, they sky rocketed to a floor price of 12 ETH ($29K) as soon as the early access sale started early this year. Prices have abated since then, returning to around 9 ETH ($22,000) with over 10,000 ETH ($24M) in trading volume on OpenSea, pushing the collection to the top of the daily leaderboard just beyond that of Tubby Cats.

 

 

From the Discord

“Invisible Friends is created by Motion Markus, one of DeeKay’s early influences. RCC as a brand is most likely going to bring Dee on for his generative project.” These little guys are a pretty refreshing break from the norm as far as NFTs go. We see so much variation that it can be hard to pick your favorite style. However, the style itself is pretty recognizable.

 

 

 

 

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

Doodles is a Pastel NFT Collection With a Laid-Back Feel

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The Doodles NFT Collection looks and feels about as chill as anything you’re likely to find in the NFT space these days. and that’s a good thing, according at least to thousands of buyers who had driven the prices up to almost $78K before the NFT crash recently. Even giants like the Bored Ape Yacht Club have been hard recently, but these little guys are still as fresh and chic as they were the day they were minted. In this article, we will be looking at the artist and the environment of the NFT art backdrop.

 

The Scoop

Doodles are a bright collection that are made in a range of colors, with a wide range of traits and sizes that make the collection size about 10,000. Doodles are a cool and chill, laidback and funky, and the bunch indeed likes to role-play or “transmogrify” themselves into tasty foods and desserts. Some are not Doodle-sapiens at all! Holding a Doodle allows you to participate in coordinating the Doodles Community Treasury.

 

The News Take

Significantly, in service of their goal of accessibility and to facilitate gasless customizing, the Doodles team has confirmed that Doodles 2 will not be on Ethereum. While the team is yet to decide what chain Doodles 2 will live on, it has confirmed that it is considering both Layer 1 blockchains, and Ethereum Layer 2 scaling solutions. Another key point that many on NFT Twitter have pointed to is the major Dapper Labs connection to Doodles. Two of the Doodles founders, Evan Keast and Jordan Castro, previously worked at Dapper Labs.” -NFT Evening

 

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

The Copyright War May Just Be Warming Up for NFTs

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In the past, which is a relative term considering the short lifespan of NFTs, non-fungible tokens were argued over and even fought over. That is still the case, of course, but now an entirely new struggle may be brewing for the NFT sector, especially for big investors. Because there is a kind of “NFT/crypto winter” in the market, the idea that NFTs are a stable investment platform has been strongly called into question. But there is light at the end of the tunnel for some. That light is taking the form of an NFT copyright expiration. In this article we will be detailing a few of the particulars of this concept.

 

The Scoop

Basically, what’s happening in the crypto markets is a monumental and unprecedented downturn in value. The point behind the copyright war that is brewing is that, once copyrights expire for certain collections, the blockchains they are on notwithstanding,  then anybody would be able to buy up the rights and make the value even greater for when things heat back up for NFTs.

Granted, this may never happen, but savvy investors are always on the lookout for a way to make the next big crunch their own personal rocket ship into wealth and power.

 

The News Take

“NFT purchasers have been enticed by the idea of marrying the digital image to derivative rights. This practice should not be dismissed solely because of the risks, but purchasers should exercise caution when acquiring these assets. I’m glad the bubble has burst, I’m glad we’re in a bear market. There’s so much deadwood on the tree, we need a giant wind to blow 95% of it away.” –Colin Brady

 

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

These NFTs Have Been Hit the Hardest Because of the Crash

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The crypto crash has hit many of your favorite collections, hard. Some have been hit harder than others, but almost none of them have escaped the current freeze unscathed. Only the most innocuous and underrated pieces have been flying under the radar; not much to lose, not much to gain. But we found a few collections that have been backed up against the ropes and fighting hard to stay in the game, and here is the list we came up with.

 

The Scoop

Seemingly untouchable collections such as BAYC, or The Bored Ape Yacht Club, have seen massive destruction of their value, and this may be just the beginning. Cryptopunks has also been affected negatively by the crypto crunch, and it certainly won’t be the last.

Madonna and Beeple pieces have been drowned out by the downturn as well, and we aren’t certain what elements to examine first concerning the recent market downturn.

 

The Developer’s Take

“We realized NFT holders wanted to put their apes to work, brands wanted to hire apes, but nothing was standardized and neither side knew how to reach each other. Finding owners and contacting them is very hard since OpenSea and marketplaces do not have a messaging function and there are a lot of anonymous people.”

 

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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