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China Lifts NFT Ban: What Does This Mean for the Crypto Industry?

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Source: Techopedia

China, the world’s second-largest economy and one of the most influential players in the global crypto market, has recently announced that it will partially lift its ban on non-fungible tokens (NFTs), a type of digital asset that represents unique and scarce items such as art, collectibles, gaming items, and more.

The announcement came as a surprise to many, as China has been cracking down on cryptocurrencies and related activities since 2017, citing concerns over financial risks, money laundering, and social stability. In September 2021, China declared allcryptocurrency transactions illegal, effectively shutting down the domestic crypto trading and mining industry.

Read more: https://www.techopedia.com/china-lifts-nft-ban

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Welcoming Art Blocks to our NFT marketplace!

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Source: KRAKEN blog

Art Blocks is perhaps most well known for the Chromie Squiggle by Snowfro collection, project #0. A 10,000-piece collection created in October 2020, it has generated over 75,000 ETH ($171M USD) in trading volume.

Some other well known Art Blocks collections include Fidenza by Tyler HobbsRingers by Dmitri CherniakMeridian by Matt DesLauriers and Anticyclone by William Mapan.

Art Blocks’ three main categories

1. Curated Collections
These collections are carefully selected by the Art Blocks team for their innovation, artistic integrity and contribution to the field of generative art. The Curated Collection is a showcase for what is possible in the realm of algorithmic art, highlighting premier artists and groundbreaking projects.

Read more: https://blog.kraken.com/product/nft/welcoming-art-blocks

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Thought NFTs were dead? A piece of pixelated art just sold for $16 million.

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Source: Yahoo Finance
  • Someone bought a CryptoPunk NFT for 4,500 ETH, or about $16 million.
  • It’s the second-most expensive CryptoPunk NFT sale ever by dollar amount.
  • The buyer outbid another offer for 4,250 ETH, or about $14.5 million.

Remember NFTs? Someone just bought one for roughly $16 million.

A bidder paid 4,500 ether for CryptoPunk #3100, one of the series’ nine “Alien Punks” non-fungible tokens. On Monday, the price of ether hovered at about $3,556 per token, which makes the March 4 sale the second-most expensive CryptoPunk sale.

Read More: https://uk.finance.yahoo.com/news/thought-nfts-were-dead-piece-033541918.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAMAZTyNgW6ENBN6ZQeciu4lTwKGOEPkE5uWwaW2FOkiDIh7eYT33hYfpTTaJSiLBTK7ge84tUXGsRiY7sTgtjhcoTZgn7D4XEoVdK0_3hESec6lJ1m3XTS3DeOqq9ZhPvOTX-l7_3f0wFiZwPegTWX4Ig4h5Yd7YpB5H5RPfAb7V

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THE ZEN OF NFTS: 33NFT’S 33 DAY DROP BRIDGES ART AND MINDFULNESS

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Source: NFT Culture

A DEEP DIVE INTO DROP MECHANICS

The drop mechanics introduced by Trevor Jones exemplify a unique fusion of digital and physical art realms, underscored by augmented reality (AR) elements. His offerings—Solace, Serenity, Sanctuary, and Stillness—range from 1/1 auctions to limited editions, ensuring that both high rollers and dedicated fans have a chance to own a piece of his art. Notably, the auctions are designed to reward high bidders with original framed paintings, while others can still cherish signed, numbered prints enhanced with AR technology.

Similarly, the collaborative effort by Lucho Poletti, Zhuk, Mindzeye, and Brilly introduces a ranked auction open to all, alongside exclusive editions for 33NFT Pass holders. These mechanics emphasize inclusivity and community engagement, hallmarks of the 33NFT ethos.

Read more: https://www.nftculture.com/nft-news/the-zen-of-nfts-33nfts-33-day-drop-bridges-art-and-mindfulness/

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