Welcome to the OpenSea Digest, let us recap the major news in NFT and Web3 this week.
Art Blocks launches Art Blocks 500.
Five years later, Art Blocks is preparing to launch its 500th flagship project, expected in November 2025. This milestone encompasses projects across all six of its categories: curation, playground, factory, presentation, collaboration, and exploration.
Art Blocks considers Art Blocks 500 to be a complete and limited collection, retaining the foundational chapters in the generative medium.
The last two curated works will mark the successful conclusion of the Art Blocks curation project, while the final three exploration projects will community-centered, bringing a satisfying end to Art Blocks 500, coinciding with its fifth anniversary; visit its website to explore the AB500 project.
YGG Play signs a publishing agreement with Gigaverse to launch on-chain revenue sharing.
The publishing division of Yield Guild Games, YGG Play, has signed its first third-party agreement with the on-chain role-playing game Gigaverse developed by GLHF.
This partnership includes a revenue-sharing model recorded and executed directly on the blockchain, providing real-time visibility for both parties.
According to a press release shared with OpenSea, Gigaverse has achieved over $6 million in annual revenue within three months of its launch, despite no external funding or marketing.
To commemorate this collaboration, YGG Play and Gigaverse launched limited-time game events on their two games, LOL Land and Gigaverse, both available on Abstract Chain.
LOL Land has launched a Gigaverse brand game board called Gigaland, while Gigaverse also offers LOL Land character skins in a short time.
The event also includes a series of live streams from content creators such as Elisa, YellowPanther, Iceyyy, Raiden, and Storming, who will play these two games and share gameplay with the online audience.
Animoca supports My Pet Hooligan and purchases KARRAT to support the new gaming blockchain.
Animoca Brands has partnered with AMGI Studios, the creators of My Pet Hooligan, to directly purchase KARRAT tokens from the open market to support the game's ecosystem and upcoming blockchain Studio Chain.
KARRAT is an ERC-20 token used for governance and trading in My Pet Hooligan and Studio Chain, which is a new Layer 2 network built on Arbitrum designed to help developers release games, AI tools, and interactive media. Studio Chain is currently in testnet phase, with Animoca providing development support, liquidity, and marketing strategies.
In another press release shared with OpenSea, Animoca's research division released a report on Pudgy Penguins, detailing how the penguins have grown into a commercial intellectual property (IP) brand, including toy sales, licensing tools, and the PENGU token set to launch in December 2024, which has currently been approved by the U.S. Securities and Exchange Commission (SEC) and is expected to be listed on ETFs in July 2025.
Phantom acquires Solsniper
Crypto wallet company Phantom has acquired the Solana-based trading and analytics platform Solsniper.
Solsniper was founded in 2021 by engineer Max Zhuang, providing tools that allow users to track wallets, monitor token releases, and respond quickly to market changes.
Reports indicate that Phantom will continue to operate independently and will integrate its features to better serve active and professional traders, as part of Phantom's grand ambition to evolve from a wallet into a full-featured financial platform for the on-chain economy.
Visa has added support for new stablecoins and blockchains in its global settlement network.
Visa is expanding its crypto settlement capabilities by adding three stablecoins and two additional blockchains to its global payment infrastructure.
Reports indicate that the company will now collaborate with Paxos to support PayPal USD (PYUSD) and Global Dollar (USDG) as well as the Euro-backed stablecoin EURC issued by Circle.
Visa will also integrate the Stellar and Avalanche blockchains with its existing support for Ethereum and Solana.
This expansion allows selected partners to settle transactions using USD and EUR stablecoins, providing banks, fintech companies, and developers with greater flexibility when transferring funds across blockchains.
Recently, the U.S. Senate passed the (GENIUS Act), which aims to establish clear regulatory standards for stablecoins in the U.S. Visa publicly supports the act and sees it as a turning point that can help stablecoins expand as part of the global payment system, especially when combined with Visa's existing infrastructure, which processes billions of dollars in crypto-related traffic.
Takashi Murakami launches redesigned 108 Flowers NFT trading cards on Base.
Takashi Murakami's (108 Flowers) returns, now presented as digital trading cards, allowing collectors to mint and showcase the works on Coinbase's Ethereum Layer 2 network Base. The upgraded works are based on the original pixelated floral art, inspired by 1970s Japanese video games and the concept of 'bonnō' (worldly desires).
The new card pack includes five cards of different rarities that can be minted using credit cards or Base cryptocurrency on the Kaikai Kiki market before August 8.
Early collectors have showcased super rare pulls and unopened packs on X, as Takashi Murakami maintains his status as one of the prominent artists attempting more accessible on-chain tools.
Sasha Stiles will bring AI poetry to MoMA's autumn exhibition.
Poet and AI researcher Sasha Stiles will attend the upcoming exhibition at the Museum of Modern Art in New York.
The exhibition titled 'A LIVING POEM' showcases an infinite, self-generating text created by the artist using AI 'Technelegy', displayed on the digital screen in the Agnes Gund Garden Hall of the Museum of Modern Art in New York, rewritten every hour using a custom algorithm, datasets, and a font that combines binary code with the artist's handwriting.
Stiles’ work explores identity, authorship, and the future of communication. She uses machine learning tools not to mimic human writing but to probe the meaning of language. Her debut at the Museum of Modern Art in New York marks a shift toward a more significant presence of literary art in the realms of digital and conceptual art.
Note: The mention of tokens is for reference only and does not constitute financial or investment advice.
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