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Solana wallet’s fool-proof plan to get rid of spam NFTs

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Phantom, the Solana-based wallet provider, has introduced a new burn feature that enables users to delete spam non-fungible tokens (NFTs) supplied by con artists.

The new feature, which allows users to get a tiny deposit of Solana (SOL) each time they use it, is accessible via the Burn Token button in the Phantom wallet app, according to a blog post from the Phantom team published on 18 August 2022.

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Source: Phantom Blog Post

The blog post read,

“We’re still in the Wild West days of Web3. As the crypto ecosystem grows, so have the number of bad actors looking for ways to steal user’s funds. The rapid growth in popularity of NFTs has led to an increasingly prevalent method of attack for scammers – Spam NFTs.”

Due to Solana’s cheap transaction fees, Phantom stated that the problem has been particularly pervasive there, with bad actors frequently airdropping large numbers of purportedly free NFTs that really include harmful links.

The recipient of spam NFT is typically instructed to click a link to generate a free NFT, but if they do so, their wallet is really depleted of money. Alternatively, the link will request the recipient’s seed phrase, which will have the same effect.

It further read,

“These scams are becoming increasingly more sophisticated. For instance, after a contract address and domain are identified as malicious, scammers can change the metadata of an NFT to try to avoid being blocklisted. It can feel like an endless game of whack-a-mole.”

The action is a part of a larger Phantom initiative to combat spam NFTs and undesirable actors in the market. By alerting users to “any fraudulent transactions that could endanger their assets or permissions” after clicking on dodgy links, the team claimed to be fighting scammers as well.

Solana-based NFT’s wallet provider: Phantom

According to the company, Phantom is one of the most well-liked wallet suppliers for Solana-based NFTs and decentralized fiance (DeFi), with more than 2 million active users each month.

A security flaw at the beginning of August caused the competitor wallet company Slope to lose an estimated $8 million worth of cash on the Solana network.

Austin Fedora, the head of communications at Solana, conducted a post-mortem investigation and discovered that, despite the attack being caused by Slope, 60% of the victims were Phantom users.

According to data from CryptoSlam, Solana hosted the second-largest amount of NFT sales volume in July with $56.1 million, trailing only Ethereum which posted a staggering $535.6 million.

Cardano’s NFT project ups the ante with Snoop Dogg’s son

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Champ Medici, the son of Snoop Dogg, joins Cardano’s NFT project Clay Nation team to help advance the initiative and forge important alliances. Snoop Dogg and Champ Medici were previously interested in the much-hyped Cardano NFT project.

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Source: Twitter

It goes without saying that Medici, real name Cordell Broadus, has a wide range of possibilities when it comes to creating. He created his own Web3 brand instead of going down the route that everyone else had planned for him, and as a result, he is regarded as one of the most important players in the developing sector.

Bored Taco, one of Medici’s most recent Web3 initiatives, debuted this week at ApeFest as part of NFT.NYC. Medici joined the NFT restaurant company Food Fighters Universe (FFU) as a partner in order to realize his concept in two months. Medici’s Bored Ape is a part of the branding for Bored Taco. Medici claimed that FFU’s Bored & Hungry restaurant, which was decorated in the NFT style, was what gave him the idea for Bored Taco.

1 Champ Medici Cordell Broadus and Dr. Bombay Snoop Dogg Cordell Broadus Jr. have joined the Food Fighters Universe the worlds first NFT restaurant group photo by Dah Dah 1024x720 1

According to the Clay Nation team’s official release, the NFT project is intensifying its partnership with Cordell Broadus. Champ Medici will now collaborate with the group to fortify and create a strategic alliance in order to help the initiative reach a bigger audience.

The Clay Nation NFT initiative has long had the support of Snoop Dogg and Champ Medici. Recently, the father-son team also decided to work together on the NFT project. It’s also significant to remember that Medici is one of the few famous people that supported Cardano. In this instance, he and his father even had a meeting in April with Charles Hoskinson, the CEO, and founder of Cardano, to discuss both blockchain-related entertainment concepts and the technology itself.

Cardano Node 1.35.3 update

Charles Hoskinson, the creator of Cardano, recently advised stake pool administrators to upgrade their nodes in one of his tweets. To prepare for the Vasil hard fork upgrade, he instructed the operators to update to version 1.35.3.

LawrenceIO has published Cardano node 1.35.3. According to Cardano Updates, the 1.35.3 update for Cardano Node was released on 11 August 2022.

The hard fork was scheduled to debut on the Cardano network in July. However, the network acknowledged that it was overloaded. It should be noted that Vasil had previously encountered delays. Usually, during such periods, the neighborhood develops suspicion and keeps selling off its belongings. The ADA community, however, seemed pleased with the launch.

Trexpunks Boosts NFT Market Sentiment With New Features

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A very limited set of 610 T-Rex Punks NFTs. T-Rex Punks attributes are a spin off version of crypto punks. 

How Trexpunks started:

During the hard times of COVID we were scrolling Twitter, trying to pass the time when a tweet jumped out from danluxcrypto.

“Why hasn’t anyone created a T-Rex on TRON?”

We were all sitting around bored on lockdown for a year and decided that the TRON Network needed some Dinos, and T-Rex Punks was hatched. A total of 610 came to life October 2021! 

$TREX Token:

Where to buy? 

justmoney.io,

Our token launched on February 1st, 2022 and has increased by four hundred percent. Each time a trexpunk is mint we send to the burn mechanism, meaning we buy back and burn. 

Breakdown of buy back and burn:

733 TRX gets split from each NFT sale, so 366.5 TRX buys TREX token!

Then half of that TREX token that was bought goes straight to the fryer and gets burned.

The other half of that TREX goes into the staking wallet.

The other half of that same TRX which is 366.5 TRX gets sent to the liquidity pool on JM to share with liquidity providers.

NFT Staking:

There is currently a staking contract in the process of being made where the holders can stake any edition of T-Rex Punks

When staking is enabled we will let the holders stake any collection of T-Rex Punk they have, here is a list of all the stake-able collections:

Original T-Rex Punks (Mint on trexpunks.com)

Klever T-Rex Punks (USwap.me)

1/1 Editions (On USwap.me)

Angel & Devil T-Rex Punks (on Kraftly.Io 1)

1/1 Editions (Kraftly.io )

TREX 100 Milly Club:

Have you ever imagined having a T-Rex made after you? If not, you have now. This new club can fulfill those dreams and another opportunity to earn passive income.

After anyone holds 100,000,000 TREX Tokens for six months, a 1/1 NFT will be made personalized to them. A custom designed T-Rex that the holder will get to pick the attributes of!

This 1/1 T-Rex Punk will go up for auction on Kraftly. The person that the 1/1 was created after will get 25% in TRX from the sale price. Another 25% will go towards the buy back and burn $TREX token, the other 50% will go towards project development.

Launch July 29, 2022. 

Future plans for T-Rex Punks: 

After staking is complete we plan to start working on the game! Our game will hopefully look like the old game rampage, this is the goal anyway. Very early thoughts from some great people in this community. 

Links: 

https://linktr.ee/trexpunks

Tronbies-Pushing the Tron NFT movement forward

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Hello Tronix! Tronbies are post-apocalyptic space creatures from the planet Tronbie. Their traits and attributes are inspired by pop culture. We are driven to help grow and add to the NFT space on the Tron Network! We believe that Tron users have yet to experience the full potential that the Tron ecosystem has to offer.We have recently created a minting site and deployed our own minting contract for our collection.

The uniqueness of this NFT contract is that it contains an oracle within it that makes it impossible to cheat the minting process.We also have our token, $TBT, that powers the Tronbie ecosystem. Users are able to use $TBT as an option to mint our NFTs. As we move further along our roadmap we will create more use-cases for our token in the GameFi space, Metaverse projects and an NFT marketplace.

FUNCTIONS OF OUR NFT CONTRACT

-Minting with $TBT and $TRX

-Future NFT staking

-Buy and Sell through our upcoming Marketplace

-Referral Program

WHATS NEXT FOR TRONBIES NFT?

-scaling our marketplace

-NFT staking

-Token Staking

-Gamefi

-Metaverse Projects

More information about our website, video into and hackathon entry can be found on our links. Please support us in hackathon season 2 by voting Tronbies #N18 in the NFT cateogory

Cruzo: A Modern Way to Give Emotions with NFT Postcards on an Innovative Web3 Platform

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Cruzo is the first multi-chain Web3 platform and NFT marketplace that allows you to create NFT greeting cards and crypto gifts on a decentralized blockchain network. On the platform, you can buy or send beautiful and hilarious cards and stories to your loved ones and wish them a happy holiday. As well as businesses can increase sales and customer loyalty by sending greetings cards.

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Cruzo: A Modern Way to Give Emotions with NFT Postcards on an Innovative Web3 Platform 6

The main reasons why NFT postcards will become more and more popular are their following advantages:

  • Reliability. NFT greeting cards (postcards) cannot be lost. Thanks to the blockchain system — the information is stored unchanged for an unlimited time inside the blocks of data.
  • Security. Only you have access to them because they are stored in your Crypto Wallet.
  • Ownership. Thanks to ERC-721 standard and blockchain technology you own the digital asset (NFT greeting cards) and only you decide what to do with them because you have ownership rights.
  • Durability. They don’t deteriorate over time as paper postcards.
  • Investment. Their value can grow and you can resell them later to get profit.
  • Collectible. You can collect them if they are collectible to get a full collection.
  • Utility. Compared to e-cards and physical postcards, NFT greeting cards can have a utility in the digital world. For example, as access key to communities or events, or some benefits from your favorite brand or influencer.

Who is at the heart of the startup

The idea of creating a platform for selling NFT postcards belongs to Denis Stepanov. He is a sales & marketing professional with a performance record and extensive experience in developing, implementing, and managing digital products, sales, and marketing. 

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Cruzo: A Modern Way to Give Emotions with NFT Postcards on an Innovative Web3 Platform 7

In 2020, he assembled a team of highly qualified IT specialists to implement the project. The main co-founder and CTO was the software developer Roman Bobrik. Then application developer Nikita Korshunov and designer Jane Makey joined the team.

They combined efforts and started working on the project from research, analytics and elaboration of the idea. Step by step they were moving forward to their common goal — to advance the mass adaptation of NFTs through a revolutionary greeting cards and gifts marketplace.

How did the idea to create the Cruzo Platform come about

Working in the field of application development and programming, Denis noticed that crypto startups related to DeFi, games or digital collectibles and NFTs are areas of the industry that attract multimillion- and billion-dollar investments.

Such a flow of investments opens up more and more opportunities to transfer many phenomena of our everyday world to the digital universes: from money and items to games and art. Access to NFT is becoming easier and it is spreading to more and more areas of our lives — for example, to the sphere of holidays and pleasant experiences.

Observing these trends and understanding how many holidays and occasions for gifts exist, Denis decided to move to Blockchain greeting cards. Initially, paper cards were a way to receive and give emotions at a distance. And now, in the digital age, there is no need to use paper for this. So, with NFT greetings you can share emotions as well as with physical postcards and the same time receive all the benefits of owning the NFT.

‘Imagine a multi-billion dollar paper postcard market moving into the NFT; in doing so, it opens up new perspectives, new utility of postcards and the possibility of real ownership’

This is especially facilitated by booming the Metaverse trend. In the metaverse, you can buy and sell plots of “land”. People can visit purchased places, fill them with digital objects, invite guests. The most popular things to do here include exploring the world, designing a virtual avatar, and viewing digital art. 

In the Metaverse, it will be possible to celebrate any holiday: New Year, Christmas, Birthday, Corporate events, etc. And, of course, no holiday is complete without greetings, gifts, and party goods! Imagine your personal Birthday party in a digital world where you will be able to launch fireworks, release balloons into the sky, blow up firecrackers and pour champagne on your guests! And all this will be in the digital universe; this is more than a trend, it is already a reality.

But in order to do all this, you need to initially take these digital objects from somewhere. And Cruzo NFT Marketplace took care of it. We will supply the digital crypto market developed on the modern Web3 platform with everything users need for a celebration: thousands of NFT greeting cards, crypto & NFT gifts, NFT party goods, and cryptocurrency as a gift.

Who is the platform for?

There are four main categories of those who will benefit from the project:

1) Users (seekers) – who need greeting cards to share emotions or feelings with the recipient. 

2) Creators – who are looking for sustainable income on a daily basis. They can use the platform to sell more artworks realized as greeting cards. 

3) Business owners or Marketers – who are looking for ways to increase customer loyalty or sell more gift cards. 

4) NFT collectors – who are looking for something different (understandable).

What problems does Cruzo solve

The Cruzo platform not only allows you to give pleasant emotions, but also solves various issues.

  • Ownership of digital content (greeting/postcard) – If you buy and gift to a recipient a digital e-card on the Web2 website they allow you just to send it and you pay for that service. However, neither you nor the recipient owns this card. The right still belongs to that website. NFT is a solution that gives you ownership of such a postcard and you can do whatever you want with it (keep it in a collection, resell it, put it up for auction).
  • Utility for digital greetings – Blockchain technology provides an opportunity to add utility to cards. They can be collectible with some benefits for owners, they can be purchased or sold on a secondary market, and they can be a key to access somewhere or simply stored in your crypto wallet.
  • Postcards too old – If you want to be a game-changer on the market , you should provide something new. We present NFT Greeting stories for a young audience (mobile-first). This is a new hype storytelling format realized in 2D or 3D animated video with easy sharing options.
  • Reduce time on searching a selection – A common problem for all types of users: “I would like to send a greeting but have no time for search and selection”. AI smart event manager will solve that problem. How? Follow us for updates.
  • Onboarding for Crypto/NFT newbies – Greetings is a well-known and understandable product for everyone.But what if your recipient does not have a crypto wallet? It’s not a problem. With Cruzo you can gift/send greetings even if you don’t know the recipient’s wallet or if it does not exist at all.
  • Gifts digitization – Now you can use cryptocurrency as a gift or give a bitcoin as a holiday present in an original way. Besides you can use NFT greeting cards or even NFT Teddy bears as a gift in the Metaverse. All these are new trends that we are creating in Cruzo.
  • Fair price on NFT – How often do you ask yourself: “Why does this NFT cost a lot, and others nothing?”. We provide an algorithm which is calculated real NFT price based on interaction with content: likes, sharing, bookmarking, and secondary sales. This is an optional feature. Creators can switch it on/off when needed.
  • User engagement – The problem of existing web2 websites is weak user engagement. We provide gamification in the greetings industry (gift2earn). Probably this is the first time on the greetings market when each time when you congratulate and share greetings you can earn.
  • Climate change – Humans have already moved many things to Blockchain. We move greetings, postcards, and gifts. This will be your contribution to environmental protection. No more paper, colors, transportation, and less carbon footprint.

Cruzo as solution

With Cruzo DApp users can send/share NFT greetings in Instagram stories, Tik-Tok, Facebook, WhatsApp, Telegram, etc. As well as get access to:

  1. Secondary Market for Greetings
  2. Collectible cards Market
  3. NFT Greeting stories
  4. Smart event manager
  5. Generative NFT invites
  6. Sharprice (Fair price on NFT)
  7. Crypto & NFT Gifts
  8. Metaverse NFT Party Goods market

So why Greeting Cards?

  • Novelty There are no NFT Greeting Cards or greeting card marketplaces.
  • Scalability Suitable for everyone, of any gender and age.
  • On-demand Web2 websites popularity proves the existing demand for digital greetings.
  • Huge Market Over 20 Billion Dollars are spent on greeting cards each year.
  • Positive emotions Greetings cards are a fun way to express emotions.

We invite you to evaluate the prospects of NFT cards and crypto gifts and see that the blockchain technology is the future. Join Cruzo!

Want to know more about Cruzo Startup? Meet Cruzo Team here.

Cubie Brings NFT Community Closer With $CUBE Token

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Cubie is a community-driven NFT GameFi platform empowering users by rewarding them for their engagement and enjoyment. By using innovative tokenomics, utilizing finance and games.

We have created a unique yield farming mechanisms that puts your NFTs to work. By staking Cubies users can farm the $CUBE token.

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Cubie Brings NFT Community Closer With $CUBE Token 10

Each CUBIE has a randomly generated hash power that can be upgraded by consuming other CUBIE NFTs. The total hash power is calculated by adding up the hash power of all your Cubies. The amount of $CUBE tokens mined is dependent on your weighted average of the total hash power across the platform.

The amount of $CUBE tokens released per day is also dependent on the total hash power across the platform.

Each Cubie NFT had a certain fixed amount of $CUBE token to it. User can burn their cubie(NFT) and get the $CUBE token Fixed to it.

TronNFTmaker is new product from Team cubie

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Cubie Brings NFT Community Closer With $CUBE Token 11

TronNFTmaker will help projects in building TRC721 smart contracts, decentralized storage (store metadata), dashboard to monitor contracts, an NFT launch pad, NFT staking contract, APENFT marketplace listing and many more useful services at very affordable prices.

We are planning to charge projects in 3 ways (Choose any 1) :

1)Pay in TRX or USDT and we will use 50% of that to buy back and burn $CUBE.

2)If the project had a good reputation and community. they can airdrop their TRC20 Tokens and some NFTs for cubie holders

3)This is for new projects who haven’t launched their collection yet. We will take some percentage (%) of minting sales and it will be used to buyback and burn $CUBE.

Inspiration :
video gaming is a booming billion-dollar industry that is expected to rise enormously in the following decade. The boundaries between gaming as leisure and profit-making activity have already become blurred.

However, in the current market, there are not many video games that give players a chance to earn decent money. We believe there is a huge opportunity in the market for video games with play-to-earn features.

Decentralized solutions guarantee transparency, fairness, privacy and safety. NFT takes ownership and uniqueness to the ultimate level. We want to bring Creative NFTs with great use case on Tron.

TronNFTmaker Inspiration : There are so many artists and creators out there who have good skills in designing and building communities but less technical knowledge in coding, and it’s very hard for them to hire a developer at the initial stage, so we are here to help them in building their dream project or collection.

We faced some technical issues at the start of our project, and it took us so much time and effort to solve them, so we don’t want any creators to face those issues.

How we built it :
We used New Technologies and creative designs to build our project. We took some super heroes and inspirational characters to design Cubie NFTs. Our Trc721 contract is open source any project can take it as reference and make their own contract Trc 721 Code .

For TronNFTmaker we used solidity to Create smart contracts and IPFS,BTFS to store metadata. Easy to understand code. Fully decentralized project owner will have entire ownership of contract and metadata.

Accomplishments that we’re proud of :
We have more than 200 active community members and completed all our milestones from 2021 to Q1 2022 successfully.

• Season 1 TRONDAO Hackathon #2 winner NFT Category.

• Unique NFT staking contract where rewards are based on NFT attributes and rarity.

• Sold over 50% of Collection

• Grown an active and engaging community

• Launched our native token $CUBE

• Listing CUBE on Justmoney.io

• Listed NFTs on APENFT Marketplace.

Links to Join Cubie Fam :

Website : https://www.cubie.art/

Mint Cubie: https://dapp.cubie.art/

Telegram: https://t.me/CubieNFT

Twitter: https://twitter.com/Cubie3DNFT

Meta’s NFT expansion drives 38% surge in FLOW token

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Following Meta’s (FB) intention to use the blockchain to advance its non-fungible tokens (NFT) effort, the Flow blockchain token (FLOW) saw a gain of over 35%.

The token experienced buying pressure after Meta declared support for NFTs, digital tokens that represent ownership of physical or virtual assets created on the Flow blockchain, and announced the international expansion of its recently tested digital collectibles feature on its photo and video-sharing platform Instagram.

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Source: Twitter

Mark Zuckerberg, the creator, and CEO of Meta, announced the rollout in a Facebook post. After a successful testing period in May, Instagram users in several countries can now display their NFTs. According to a tweet from the social media platform, the network will also include support for Flow Blockchain.

The social media behemoth also declared support for Dapper and Coinbase wallets as being compatible for use as part of its expansion strategy.

The Flow blockchain was developed by Dapper Labs, and NBA Top Shot, one of NFT’s biggest hits, made it famous. To support “games, infrastructure, decentralized finance, content, and artists” in the Flow ecosystem, Dapper Labs revealed a $725 million fund in May.

According to statistics recorded by Coinglass, the price increase in FLOW is supported by a triple-digit increase in futures open interest on important exchanges, including Binance. The quantity of contracts exchanged but not offset by an offsetting position is referred to as open interest.

An increase in open interest confirms the price rally by indicating that more capital is being invested in the FLOW market.

FLOW has above its 100-day simple moving average (SMA), leaving behind ether (ETH) and bitcoin (BTC), which are still trading below the important SMA. As shown in the chart below, the larger decline is still present.

Meta supports content creators through new features

Recent enhancements that Meta believes would expand the potential for money generating, permit creative expression, and improve user engagement were announced for online content creators.

According to reports, in an effort to attract more creators to its platform, the proposed creator’s marketplace would compete with TikTok’s comparable marketplace, which is the video app’s internal influencer marketing tool.

Epic Games Won’t Follow Minecraft’s Decision to Ban NFT, Says CEO

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Tim Sweeney, CEO of Epic Games, said his company “certainly won’t” follow the lead of the creators of Minecraft by outlawing nonfungible tokens (NFTs).

As was previously reported, NFT integrations were prohibited by Minecraft’s creators Mojang Studios on Wednesday because they consider the speculative nature of NFTs, as well as their scarcity, dangers of exclusion, and potential for scams, to be incompatible with the game’s core values.

The action was seen negatively by the NFT community, but positively by the group of gamers who are skeptical about cryptocurrencies.

Epic Games is behind the popular Fortnite

Fortnite, a hugely popular battle royale game and platform for the Metaverse, was developed by Sweeney’s business. While not necessarily in favor of cryptocurrency or NFTs, Epic Games’ CEO stated that the company has no intention of imposing any opinions on the matter.

Twitter user Low5ive responded to the tweet by asking Sweeney whether Epic Games had a different policy on “hateful/discriminatory stuff” than this. Sweeney responded by saying that while Epic Games does make “editorial” decisions, NFTs do not currently come under them.

NFT Worlds, a project that was created on one of Minecraft’s open source servers, now faces a huge challenge as a result of Mojang Studios’ NFT prohibition.

The NFT Worlds team declared following the Mojang news that it is now “brainstorming solutions” on how to proceed. The team said it is attempting to contact Minecraft to see if a potential answer may be discovered. If not, switching to a “Minecraft-like game engine” or the GameFi platform has been suggested as an alternative.

Minecraft to Step Back From NFT as Mojang Studios Bans NFT Integrations

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On Wednesday, Minecraft developer Mojang Studios announced that it will be removing nonfungible tokens, or NFTs, as well as blockchain technology in general, from its famous eponymous game. Mojang explained the decision as follows.

“Like any digital file, NFTs can be copied, moved, or even deleted. Additionally, NFTs and blockchain have also been associated with price speculation. These uses of NFTs and other blockchain technologies create digital ownership based on scarcity and exclusion, which does not align with Minecraft’s values of creative inclusion and playing together.”

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Minecraft to Step Back From NFT as Mojang Studios Bans NFT Integrations 14

Mojang stated that blockchain technologies will be banned inside Minecraft to ensure safety

According to Mojang, “blockchain technologies are not permitted to be integrated inside our client and server applications to ensure that the players have a safe and inclusive experience, nor may Minecraft in-game content such as worlds, skins, persona items, or other mods be used by blockchain technology to create a scarce digital asset.”

The business also chastised the “speculative pricing” and “investment mindset” around NFTs, which detract from the gaming experience and encourage profiteering at the expense of long-term game playability.

To back up the restriction, it cited rug-pulls involving specific third-party NFT integrations, as well as NFT wash trading or fraudulent price manipulation. Third-party blockchain technology cannot be incorporated with Minecraft client and server apps under the new guidelines.

They may also not be used to generate NFTs related to any in-game material, such as worlds, skins, persona items, or other modifications.

Although the modifications do not affect most of the players, they are expected to have a substantial impact on a tiny group of players who profit from in-game NFTs.

Ripple Partners up With Ducati to Launch Ducati NFTs

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Ducati, an Italian motorcycle company, has announced plans to collaborate with NFT PRO and Ripple to introduce its first NFT collection. This will be the first such program from a well-known motorcycle company, with the main goals being enhancing brand recognition and connecting with its community, the Ducatisti.

Ducati announces its foray into the Web 3.0 market with this choice. Given that the business specializes in corporate white-label NFT solutions, NFT PRO is meant to be in charge of developing the collection. In turn, Ripple, specifically, XRP Ledger, will be in charge of the blockchain component of Ducati’s NFT initiatives.

Ripple is going all-in on NFT, step by step

NFT invention and development are increasing using the XRP Ledger platform. A different automaker, Lotus Cars, only last month revealed intentions to create its own NFT line and chose to do it based on XRPL as well. Additionally, CrossTower, a fast-expanding Web 3.0 business, has declared support for XRPL on its NFT marketplace. 

Up until recently, the most popular systems for producing and minting NFTs were Cardano, Solana, and Ethereum (ETH) (ADA). However, it appears that businesses are looking to work together with Ripple and the XRP Ledger. These later parties are well aware of this and have invested much in building their own infrastructure.

At a time, when the NFT market is down and sales are plummeting, Ripple is opening its gates to make the entry. The depleting sales don’t really mean a dying NFT industry. The NFT industry is definitely going to make a comeback and XRP is planning to steal the show.