Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

The Sandbox and Warner Music working together to change the way ownership, blockchain integration, music, and land sales in virtual reality. The Sandbox recently announced a new land sale, dubbed the 'Infinite Pulse Land Sale,' which focuses on a music-oriented neighborhood. This sale showcases a collaboration between The Sandbox and Warner Music Group. It further reflects the growing integration of blockchain and the music industry. The centerpiece of this neighborhood is an estate owned by Warner Music Group, surrounded by a host of other musical artists and companies, including Blondish, Slipknot, Jamiroquai, Pixelynx, and even the legendary Elvis Presley's estate.

Yuga Labs, known for the popular Bored Ape Yacht Club, has announced its latest Web3 gaming venture, HV-MTL Forge. This workshop-building game allows Bored Ape holders to immerse themselves in the world of Mecha production and modification. The game is set to launch on June 29, much to the excitement of Bored Ape enthusiasts.Yuga Labs previously faced criticism and skepticism with their game, Dookey Dash, due to expensive NFTs and its controversial humor. However, the game generated $110 million in NFT exchanges, and the winning player sold the prize NFT for $1.63 million in Ethereum. HV-MTL Forge is a response to this experience and aims to offer players a novel and engaging way to interact with their NFTs.HV-MTL Forge revolves around the HV-MTL robot NFTs created by the Bored Ape Yacht Club creators. In the game, players take on the role of workshop builders, where they can craft and customize their robotic creations. Sewer Pass NFT holders, a prerequisite for playing Dookey Dash, were given the opportunity to exchange their passes for exclusive HV-MTL mech suit NFTs in March.Players can earn points and climb leaderboards by receiving votes from other players. Owning HV-MTL robot NFTs, which were exclusive to Sewer Pass holders, is necessary to participate in HV-MTL Forge. Currently, these mecha NFTs start at 0.88 ETH ($1,570) on platforms like OpenSea, and owning one grants access to the highly anticipated game.In the future, HV-MTL NFTs will be used to access the Forge game, where players construct and customize a workshop to gain support from other players for having the best workspace. A teaser video suggests that players may acquire personalization features along the way.HV-MTL NFTs are built on the Ethereum blockchain, known for its popularity and expense in the NFT art and collectibles space.Compared to Dookey Dash, HV-MTL Forge is described as a more casual, creative, and social game. It offers a different gameplay experience, emphasizing creativity and social interaction over quick reflexes.Yuga Labs has shown previews of the HV-MTL mech characters, and secondary trades of HV-MTL NFTs have already generated approximately $38 million.Yuga Labs mentioned that players who assisted a cartoon character in the game Dookey Dash learned something new. Professional Fortnite player Kyle "Mongraal" Jackson won the game and sold his prize NFT for 1,000 ETH ($1.63 million).HV-MTL Forge promises fast-paced action and competitive gameplay that can keep players engaged. The success of Dookey Dash and the massive sale of the prize NFT to a billionaire has brought hope to both serious and casual Web3 players for the future of these gaming experiences. Additionally, Yuga Labs is working on a larger metaverse game called Otherside, which will incorporate avatars from various NFT projects and be based on the Bored Ape Yacht Club's story.

Web3 development is on the rise, and the NFT marketplace is one of the most profitable investments. Check out this easy guide to setting up your own digital collectible marketplace.An NFT marketplace is an online place where people can buy, sell, and trade tokens that can't be used to buy or sell anything else (NFTs). Some well-known NFT marketplaces are OpenSea, SuperRare, Rarible, and Nifty Gateway. These Web3 platforms give you a lot of choices, such as tools for making and minting NFTs, bidding, auctions, and transactions with a set price. Several NFT marketplaces also have social and community tools that let users talk to each other and make NFT communities. The way we think about ownership and collectibles is changing because of NFTs. NFTs have given collectors and creators of art and digital content new ways to invest in these fields and new ways to make money off of their work. Because NFTs are becoming more and more popular, there is a huge need for NFT marketplaces. If you want to build an NFT platform for collectibles, you need to think about essential, premium, and security features. These features can help you get more customers, gain the trust of your users, and keep your system safe from threats.Let's take a look at these important things that your NFT marketplace for collectibles should have: In an NFT marketplace, it is important to have a strong digital asset management system so that NFTs can be stored and handled safely. Each NFT should be guaranteed to be unique and real, and this system should stop anyone from being dishonest.An interface that is easy to use can make your platform more appealing and user-friendly by making it easy for users to find their way around.User accounts must be easy to set up, keep track of, and use so that they can be used to buy and sell collectibles.The market should accept a variety of payment methods, such as PayPal, credit cards, and other payment gateways.Making it easier for people all over the world to do business on your platform can help.

Blur dominates the NFT marketplace and OpenSea trials; this article checks some of the facts and happenings in the Web3 NFT industry 2024. The hype was real surrounding the airdrop, as Blur has dominated OpenSea's NFT trading volume. According to Dune Analytics statistics, the marketplace had a volume of $601 million over the past seven days compared to the $104 million of OpenSea. These numbers correspond to Blur Marketplace controlling an 85.2% market share compared to OpenSea's 14.8%.Daily volume numbers are also evident in this comparison. According to DappRadar statistics, Blur achieved a trading volume of $98.6 million in the last 24 hours. While OpenSea, in second position, only managed $17.92 million. Additionally, compared to OpenSea, its daily average transaction price has consistently been greater.It's important to note that Blur has designed its incentives strategy to avoid rewarding volume in order to discourage wash trading. By tweaking its royalties reward structure, the market has attempted to bypass OpenSea's constrictive approach. This policy change is a defensive measure designed to safeguard its survival as it was forced to make this decision as a result of OpenSea's non-competitive position. Blur and OpenSea do not pay royalties to the same creator on both platforms.

How can you benefit from NFTs as a creator? Today, we will help creators, artists, and musicians by presenting them with a straightforward path to creating NFTs.

Standalone NFT's Suffer a Decline, NFT Games Holds Promise. NFT's, Non Fungible Tokens, witnessed a massive surge in their popularity.