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NFT News June 14, 2022

Karafuru, Striking NFT Collection available on Opensea

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The Karafuru NFT is a new collection of 5,555 generative NFTs, called “toys” by the developers, and it is now available and built on the Ethereum blockchain. Karafuru NFT was created by Museum of Toys, which is a toy art creator who hails from Jakarta. The roadmap for the collection, which you can find on the website, includes the sale of physical toys which are connected to the specific NFT. Karafuru was dropped and recently updated the roadmap to include a number of new things, such as 3D Karafurus, real-life physical toys, and a “Karafuru Carnival” that will enable the activation of benefits to holders of the NFT.

The Art

There are 95 Legendary animated Karafurus currently available in the collection, and all of those are completely one of a kind, meaning there is only one of each. Additionally, there are 12 different core traits that compose the NFTs, and they are of varying rarity that the Karafuru’s will be made of. “Less than 10% of Karafurus include one of three companions as part of their NFT.”

From the Website

“In February 2022, Karafuru released an updated roadmap, including 3D Furus, real-life physical toys, and the Karafuru Carnival.  Karafuru also announced a collaboration with HYPEBEAST and atmos to create the 3D Furus and real-life physical toys. On Mar. 16, 2022, Karafuru launched gachapons, which are redeemable for Karafuru 3D NFTs. The distribution of gachapons was as follows: 15,555 total gachapons, 5,555 gachapons for 5,555 Genesis Karafuru holders, 3,000 whitelist spots, and 7,000 gachapons for the public. On Mar. 20, Karafuru announced its Karafuru Carnival, which took place on Mar. 25 to Apr. 3 in Batavia PIK, Jakarta, Indonesia.” –Lucky Trader

 

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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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