Welcome, this is the Netcoins weekly crypto news update! Last week has seen a lot of movement in the NFT space and some promising news for digital assets. First, we touch on Valve and Epic Games Store’s policies regarding blockchain and NFT related video games. After that, we jump into numerous stories about new NFT launches. Martha Stewart, Chinese online retailer JD, and Playboy are launching new NFT collections. Finally, this week saw Bitcoin reach an all-time high following the future-based EFT debut last week. All of that and more on this edition of the weekly crypto news update.
Blockchain/NFT Games Banned by Valve, While the Epic Games Store Welcomes Them
The video game giant
Valve has recently decided to remove games with blockchain
and NFT integration from their Steam storefront.
The reasoning behind the removal is due to NFT and blockchain games having items with real-world value, which is something Valve does not condone on their platform. This may be concerning gambling laws in Washington, where the company is based.
However, Steam’s biggest competitor, Epic Games Store, supports blockchain games provided they follow the relevant laws, disclose their terms, and are age-rated by an appropriate group.
Martha Stewart Auctions Off Halloween-Inspired NFT Portraits of Herself
American retail business woman,
portraits of herself in Halloween costumes.
These NFTs feature Stewart dressed as a black widow, a haunted horse rider, a pop-art-inspired costume, and a bloody nurse. All of these costumes were worn by Stewart on previous Halloweens.
This collection of NFTs is now available for auction through Stewart’s new online shop FRESH Mint, with the bloody nurse currently bidding at $5051.79 Canadian.
Stewart also mentioned that this is just the first of many NFT collections she plans to release.
Bitcoin Surges to All-Time High
Following the debut of the future-based EFT last week,
Bitcoin has jumped to a record high
.
For the first time ever,
Bitcoin
has exceeded $81,000 Canadian in the wake of the successful launch of the inaugural exchange-traded fund for U.S. investors.
A 3.7% increase shot Bitcoin to $8,2235.71 Canadian. Bitcoin’s gain for the year has now reached almost 130%. The largest digital asset by market value gained over 300% last year and 95% in 2019 after falling 73% the year prior.
Chinese Retail Giant Drops NFT Series on Its Own Blockchain
Chinese online retail chain
JD is venturing into the NFT market
by launching an NFT series commemorating its annual JD Discovery conference.
The Chinese retail giant will launch seven free limited edition NFTs developed by its own NFT chain. JD will offer NFTs to those signing up for their annual conference. Attendees can also earn additional NFTs for each person they invite to the conference.
Also, JD’s NFTs will be minted and released on the JD blockchain, which they own and run.
Playboy Drops Another NFT Collection
PLBY Group, the organization behind Playboy, a men’s lifestyle and entertainment magazine, releases another NFT collection.
This new set of NFTs, the Playboy Rabbitars collection, will honour the company’s founding year of 1953. The collection’s aesthetic found inspiration from the magazine’s iconography, heritage, and lore.
Each piece of the collection will act as a key to a reimagined Playboy club. The NFTs will provide holders additional benefits, such as exclusive events, merch, artwork, and exclusive artist collaborations.
The Rabbitars NFT collection will live on the
blockchain as ERC-721 tokens.
That’s the news for the week.
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The information provided in the blog posts on this platform is for educational purposes only. It is not intended to be financial advice or a recommendation to buy, sell, or hold any cryptocurrency. Always do your own research and consult with a professional financial advisor before making any investment decisions. Cryptocurrency investments carry a high degree of risk, including the risk of total loss. The blog posts on this platform are not investment advice and do not guarantee any returns. Any action you take based on the information on our platform is strictly at your own risk. The content of our blog posts reflects the authors’ opinions based on their personal experiences and research. However, the rapidly changing and volatile nature of the cryptocurrency market means that the information and opinions presented may quickly become outdated or irrelevant. Always verify the current state of the market before making any decisions.
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