Adidas unveils resident Web3 artists, Mutant Ape sells for 500 ETH and more

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The Adidas /// Studio, or Triple Stripes Studio, has launched a Web3-based digital artist in residency program to showcase and assist budding creators within the nonfungible token (NFT) area.

This system was introduced on Aug. 31 and can formally launch on Sept. 4 by way of a sequence of on-line and in-person occasions till Sept. 11.

According to this system’s web site, the intention is to collaborate with up-and-coming artists and supply a “artistic pathway for digital artists to additional join with the model and their passionate group of collectors and connoisseurs.”

Adra Kandil, also called Dearnostalgia and Moto (Monkeemoto), has been unveiled as the primary two resident artists of this system, and issues will kick off with the sale of two open version and two restricted version NFT artwork gross sales on Sept. 6.

Dearnostalgia makes use of a mix of pictures, typography and digital montages to create their work, whereas Moto’s work revolves round digital illustrations, style, landscapes and gaming.

Dearnostalgia and Moto’s NFT artwork. Supply: Adidas

The open version NFTs might be bought for 0.03 Ether (ETH) a pop, $49 at present costs, whereas the restricted editions will go for 0.15 ETH, or $245.

The Triple Stripes Studio is affiliated with Adidas’ Web3 unit ALTS by Adidas and was launched in January to assist the German sportswear large’s Web3 initiatives.

Yuga Labs gears as much as launch new sport in Otherside

Bored Ape Yacht Membership creator Yuga Labs introduced on Aug. 31 that it’ll roll out the open beta for its upcoming Otherside metaverse-based Legends of the Mara (LoTM) later this month.

LoTM will broaden on the lore behind Otherside by introducing a brand new foe to the metaverse dubbed “The Shattered” whereas additionally offering extra background on the prevailing NFT Koda characters.

Regardless of Otherside being a 3D virtual world, Yuga has described LoTM as a collection-based 2D technique sport, which gives customers an opportunity to make the most of their digital land plots to earn rewards and new NFTs.

The agency additionally said the sport will evolve over the approaching months as it really works in the direction of a full launch.

Mutant Ape fetches 500 ETH regardless of downtrend

In different Yuga-related information, a Mutant Ape Yacht Membership (MAYC) NFT bought for a whopping 500 ETH ($817,000) on Sept.1.

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The NFT in query is MAYC NFT #30002, which is the one token within the assortment to have the Mega Zombie trait. It was snapped up by NFT whale and Taiwanese music celebrity Jeffrey Huang, also known as MachiBigBrother.

Despite its rarity, it certainly marks an eye-watering sale, given that Yuga Labs’ NFT projects have been facing significant downturns in 2023, with the MAYC floor price currently sitting at around 5.2 ETH ($8,500).

MAYC NFT #30002. Source: OpenSea

NFL All Day NFT trading surges 570%

According to data from CryptoSlam, the NFT trading volume for Dapper Labs’ NFL All Day project has surged 570% over the past seven days.

That 570% increase marks the biggest trading volume increase out of any of the top 20 highest-selling NFT projects over the past week, with roughly $976,000 worth of NFL ALL Day NFTs changing hands.

Top NFT collections. Source: CryptoSlam

While it is hard to pinpoint a specific reason for that significant uptick in interest, the next NFL season is about to kick off on Sept. 7, while NFL All Day also recently introduced a novel feature for its tokenized player highlight NFTs.

On Aug. 26, the project unveiled “dynamic” NFTs that gradually update or evolve to showcase the player’s best highlights of the new season, adding an extra layer of interactivity with the tokens.

Different Nifty Information

Lufthansa, one of many largest airline teams in Europe, has launched its NFT loyalty program on the Polygon Community. This system will enable passengers to show their journeys into NFTs that may unlock rewards, similar to miles and enterprise lounge vouchers.

TinyTap, an ed-tech subsidiary of Web3 developer Animoca Manufacturers, announced the integration of latest synthetic intelligence NFT instruments geared toward educators and fogeys.

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