Freebie F1 NFTs

+ The Sandbox secures a $1B valuation; Uniswap Labs assumes control of ‘Crypto: The Game’

Author

Leah Alger
June 11, 2024

NFT Lately Logo

This Week's Low-Down:

  • 🏎️ McLaren x OKX Unveil Freebie F1-Themed Ethereum NFTs

  • 🚀 The Sandbox Hits $1B Valuation with $20M Funding Round

  • 🕹️ Uniswap Labs Takes the Reins of ‘Crypto: The Game’

  • Bybit Web3 Launches Velocity Series NFTs with Kjetil Golid (Bitcolumnist)

  • Roadstead Presents NFT Rentals for Horror Movie ‘Chime’ (NFT Plazas)

  • Travel Booking Site Travala Gets Telegram Open Network integration (Cointelegraph)

  • Xai Forges Path for Web2 Game Developers to Join Web3 (NFT Plazas)

  • Wine Ownership Transformed with InterCellar NFTs on Crypto.com (Bitcolumnist)

  • South Korea Labels Mass-Produced NFTs as Virtual Assets (Cointelegraph)

  • Sotheby's 'Gold Fur' Bored Ape NFT Auction Will Retest Art World Demand (Decrypt)

  • Tune.FM and Jam Galaxy Enhances Music Creation and Monetization (NFT Plazas)

  • Dapper Labs Settles $4 Million Lawsuit Over NBA Top Shot NFTs (Bitcolumnist)

  • Bitcoin NFTs Hit $4B in All-Time Sales Volume (Cointelegraph)

  • Jil Sander, Maison Margiela, and Marni Fashion Brands Adopt On-Chain Authentication (Decrypt)

  • Ronin Launches ‘Ronin Forge’, Now Open to Applications (NFT Plazas)

Trending Collections on OpenSea:

McLaren x OKX Unveil Freebie F1-Themed Ethereum NFTs

McLaren and OKX collaborate to introduce freebie NFTs on Ethereum's X Layer, commemorating 24 F1 grand prix races and offering exclusive McLaren prizes.

  • Fans can mint the first NFT, celebrating the Canadian Grand Prix, starting Friday at 10 am (GMT) using OKX Wallet on the X Layer network.

  • The initiative aims to engage the community and demonstrate the broader utility of blockchain beyond trading and investment, fostering a deeper connection with fans.

  • These multimedia NFTs allow fans to relive the sights and sounds of each race, enhancing their F1 experience throughout the season.

  • Collecting the full set of NFTs for the 2024 season grants fans eligibility for a special VIP prize, including a McLaren Fan Experience, travel expenses, and a hot lap around a race circuit.

The Sandbox Hits $1B Valuation with $20M Funding Round

The Sandbox secures $20M funding through convertible promissory notes, valuing the company at $1B, with support from Kingsway Capital, Animoca Brands, LG Tech Ventures, and True Global Ventures.

  • These funds are aimed at bolstering The Sandbox's mission of crafting a decentralized virtual world, which prioritizes community engagement and the seamless integration of cultural and gaming experiences.

  • To achieve this goal, updates are planned for Game Maker and VoxEdit 3D editor tools, alongside the introduction of new social interactions for avatars. The company is aiming for a Beta release of a multiplayer rules system by the end of this year.

  • Additionally, The Sandbox is expanding its reach by developing a mobile version of its decentralized metaverse, slated for a 2025 launch.

Uniswap Labs Takes the Reins of ‘Crypto: The Game’

Uniswap Labs acquires ‘Crypto: The Game’, the viral Survivor-inspired reality competition centered around on-chain activities, signaling a new chapter for the popular game.

  • Crypto: The Game mirrors the format of ‘Survivor’, with players split into tribes and competing in challenges to avoid elimination until one remains.

  • It gained rapid attention during its first season, with players competing in challenges for a substantial ETH prize pool.

  • Season two saw significant player engagement and ended with a collective donation of the prize pool to the Tornado Cash Legal Defense Fund, showcasing the game's community-driven ethos.

  • Now, Founders Dylan Abruscato, Tyler Cagle, and Bryan Lee join Uniswap Labs to steer the direction of the game and contribute to Uniswap Labs’ messaging on decentralized finance.

Today's edition was written by Leah Alger