Web3 Weekly Digest: July 29th 2024

Doodles Announces Token Gated Media Platform

Doodles has launched Doodlesᵗᵛ, a token-gated media platform that connects artists and communities by allowing users to experience and own cultural moments first. The platform enhances community engagement through exclusive content and features community premieres. It also broadens access for non-holders via a pass system, leveraging blockchain technology for unique experiences.

Atari Announces On-chain Arcade

Base

@base

OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ

@AtariX is bringing arcade classics like Asteroids and Breakout onchain

Built with @stackdotso, @msenyil, and @mx1000m, mint proceeds are distributed to the developers, artists, and builders behind each game

arcade.fun/asteroids

Atari is launching an Ethereum-based retro arcade on Coinbase’s layer-2 network, Base, starting with the classic game Asteroids. Players can mint NFT access passes for $5.25 (0.0015 ETH) to compete on global leaderboards and win weekly prizes, including a $1,000 Atari gift card. Scores are recorded on-chain, and additional games like Breakout are planned. This initiative is part of Base’s “On-Chain Summer” campaign, continuing Atari's involvement in the crypto space, which includes previous ventures like Atari tokens and blockchain gaming collaborations.

Chicago Bulls Tokenizing Memorabilia

Former NBA star Scottie Pippen is tokenizing a historic Chicago Bulls ball, marking a significant example of tokenization. The ball, used in the fifth game of the 1991 NBA finals against the Los Angeles Lakers, will be authenticated and tokenized on major blockchains. This initiative showcases how valuable memorabilia can be digitized and made accessible to a global audience, offering creators a model for leveraging blockchain technology to preserve and monetize unique assets.

Illuvium Launches Ethereum Games

Illuvium has launched three interconnected Ethereum-based games—Overworld, Arena, and Zero—on the Epic Games Store. Built on the Immutable X network, these games span different genres but are designed to interconnect, enhancing player immersion. Overworld is an open-world survival game where players capture creatures called Illuvials, which can be used in Arena, a strategic auto-battler. Zero, a city-builder, integrates with the other titles to develop resources and the in-game economy.

Are NFTs Having a Comeback?

Weekly NFT sales surged to $108.59 million, up 7.59%, with Ethereum leading at $32.59 million, followed by Solana at $27.33 million and Bitcoin at $17.43 million. Top collections included Solana Monkeys, Mythos’ Dmarket, and Dogezuki. The highest sale was a BTC NFT for $877,068. This rise signals increasing market interest and potential for creators, highlighting the importance of platform diversity and successful collection strategies.

Snowden Raises BTC Privacy Concerns

At the Bitcoin 2024 conference, Edward Snowden delivered a powerful speech addressing political pitfalls and privacy issues in Bitcoin. Snowden highlighted that Bitcoin transactions are traceable, contrary to the belief in their anonymity, posing risks to personal privacy. He stressed that governments and corporations could exploit transaction data using AI, creating detailed profiles of individuals. Snowden called for increased efforts to secure Bitcoin transactions, emphasizing the urgency of addressing these privacy concerns as the opportunity to do so is rapidly closing.

KnownOrigin Marketplace Shutdown

The shutdown of KnownOrigin signals a shift in the NFT space towards secondary marketplaces like OpenSea and MagicEden. For creators, this means adapting to new platforms and diversifying their presence. While the closure marks the end of an era for a pioneering marketplace, it also highlights the evolving landscape of digital art and the importance of flexibility in a dynamic market. Existing NFTs remain tradable, ensuring that creators' works continue to have value and visibility.

KnownOrigin.io

@KnownOrigin_io

After careful consideration and evaluation we can confirm KnownOrigin will continue to wind down it’s on-chain marketplaces & minter (and signpost to secondary marketplaces) over the upcoming weeks.