Animoca x Pudgy Penguins

• 🐧 Animoca Brands Invests in Igloo Inc. to Accelerate Pudgy Penguins' IP

• 💪 Art Blocks Now Preserves 90% of NFTs Permanently on Ethereum

• 👀 Investor Buys NFT Domain Name for 430K, Signaling Market Optimism

• A Complete Guide to Pudgy Penguins in 2024 (NFT Plazas)

• Kraken Winds Down NFT Marketplace (Cointelegraph)

• How NFTs are Evolving to Add ‘Meaning and Story’: RARI Chain (Decrypt)

• Telegram Game ‘W-Coin’ to Penalize Inactive Players with Token Burns (NFT Plazas)

• Someone Just Took Out a $2.75 Million Loan Against This One-of-One CryptoPunk NFT (Decrypt)

• Celebrating the Best in NFT with Jason Derulo: Moments From Award Ceremony (Cointelegraph)

• From Cryptopunks to Solana Boogles: November NFT Sales Rebound With $588M in Trades (Bitcoin.comNews)

• Fastex Celebrates NFT Innovation With Third ftNFT YoCerebrum Awards (Decrypt)

• DeFi Kingdoms Announces Patrols for PvE Gameplay on Metis (NFT Plazas)

• Apple Designer Susan Kare Brings NFT 'Esc Keys' to Asprey Studio (Decrypt)

Trending Collections on OpenSea:

•  Courtyard.io [Floor Price - 5.82 $USDC]

• CLONE X - X TAKASHI MURAKAMI [Floor Price - 0.31 $ETH]

• V [Floor Price - 0.07 $ETH]

Animoca Brands Invests in Igloo Inc. to Accelerate Pudgy Penguins' IP

Animoca Brands has invested in Igloo Inc., the parent of Pudgy Penguins, through a Simple Agreement for Future Equity (SAFE).

• Animoca’s investment highlights their strong belief in the transformative potential of consumer crypto and the growth of Pudgy Penguins’ intellectual property.

• The funding round was further bolstered by Animoca’s subsidiaries, The Sandbox, and Animoca Brands Japan.

• Igloo, Inc. notably plays a key role in Abstract, a scalable Ethereum L2 network designed to enhance consumer crypto experiences.

• This investment will drive cross-community collaboration, including integration with Animoca’s Mocaverse platform for seamless Web3 onboarding.

Art Blocks Now Preserves 90% of NFTs Permanently on Ethereum

90% of Art Blocks' NFTs are now permanently accessible on the Ethereum blockchain, ensuring longevity beyond the company's operational lifespan.

• Art Blocks has moved away from needing its proprietary backend to view these pieces, leveraging Ethereum to handle display and interaction directly.

• The transition primarily utilizes p5js and threejs programming tools, with the remaining 10% still depending on external support.

• Founder Erick Calderon highlights this development as a shift towards greater artistic freedom and preservation, reducing reliance on any single platform.

• Despite the shift, Art Blocks will still use its centralized generator for online visualization, balancing on-chain innovation with existing infrastructure.

Investor Buys NFT Domain Name for 430K, Signaling Market Optimism

Just days ago, the ENS domain ‘wallet.eth’ was purchased for 115.7 $ETH (around $430K), signaling revived interest in NFTs.

• ENS stands for Ethereum Name Service, which allows Ethereum addresses to be associated with human-readable names through NFTs, making transactions more accessible and user-friendly.

• The high purchase price indicates that the buyer places significant value on this particular domain name, possibly due to its general applicability and brand potential in the crypto space.

• It demonstrates continued financial interest and investment in NFTs, specifically in the unique and potentially lucrative market of ENS domains.

• Investors are still willing to allocate substantial funds to acquire digital property.

Today's edition was written by Leah Alger

Join us on Telegram

Advertise with NFT Lately