Gary Vee's NFT Deals: Pump-and-Dump?

PLUS: Deadfellaz unwraps mobile card game; Shiba Inu blockchain rolls out NFT bridge.

Author

Leah Alger
October 31, 2024

In partnership with

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This Week's Low-Down:

  • 👀 Gary Vee & Mr.Beast Under Scrutiny for 'Pump-and-Dump' NFT Schemes

  • 📲 Deadfellaz & SKALE Labs to Release Mobile Trading Card Game

  • 🚀 Shiba Inu Debuts NFT Bridge on Shibarium for ETH-Based Assets

  • NFT Project Age Of Zen Operator Declared Bankrupt By Seoul Court (Binance Square)

  • Improbable to Launch High-Throughput L1 Blockchain Somnia (NFT Plazas)

  • GalFi Launch Discord RPG, $GALFI Rewards On Offer (NFT Insider)

  • Animoca Brands Japan Unveils Ghost in the Shell NFT Series (Bitcolumnist)

  • Chainers.io to Redefine P2E with a Player-First, Sustainable Model (NFT Plazas)

  • $1.43M Bored Ape Sale Highlights NFT Market Despite 8.78% Decline (NFT Evening)

  • Peter Thiel’s Fund Pushes Infinex NFT Investments to $67.7M (Cointelegraph)

  • Pixels Launches Halloween Event and Binance-Themed Rewards (NFT Plazas)

  • Mint Blockchain Awarded $1.35M Grant to Propel NFT Development (Bitcolumnist)

  • Metamask Developer Consensys Announces Workforce Reduction (NFT Insider)

  • Top NFT Collections Hold Strong Despite Market Dip (NFT Evening)

  • Magic Eden to Trial TestME Token, Urging Caution on Trading (NFT Plazas)

Trending Collections on OpenSea:

Gary Vee & Mr.Beast Under Scrutiny for 'Pump-and-Dump' NFT Schemes

TruthLabs (cryptos watchdog) are investigating VeeFriends’ Gary Vee and crypto-loving YouTuber Mr.Beast over possibly manipulating the NFT market through ‘pump-and-dump’ schemes.

  • The controversy began when Gary Vee gifted Mr. Beast a high-value NFT from his VeeFriends series in May 2021. Significant purchases from Mr. Beast followed.

  • TruthLabs’ suggests their trades could have artificially inflated NFT prices, impacting other investors.

  • Screenshots and blockchain data analyzed by TruthLabs and community members suggest that Mr. Beast's subsequent sale of these NFTs at higher prices might indicate an attempt to manipulate market values.

  • These allegations add to Mr. Beast's already-existing negative publicity, which follows growing concerns over the ethics of his trades.

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Deadfellaz & SKALE Labs to Release Mobile Trading Card Game

DFZ Labs (the creators of Deadfellaz) teams up with SKALE Labs to launch ‘Death Touch’, a genre-defying digital trading card game (TCG), set to release in Q1 2025.

  • Targeting over 6K Deadfellaz NFT collectors, Death Touch aims to leverage its community to push into mainstream mobile gaming.

  • Deadfellaz picked SKALE for its invisible blockchain. It supports over 45M active gaming wallets and offers zero gas fees, optimizing the gaming experience.

  • Further underpinning SKALE's economic benefits is that it has saved users a hefty $8.5B in gas fees to date.

  • SKALE continues to expand its ecosystem; over 150 games are in development.

Shiba Inu Debuts NFT Bridge on Shibarium for ETH-Based Assets

Shiba Inu ($SHIB) has introduced a new NFT bridge on its L2 blockchain — Shibarium — allowing for seamless transfers of Ethereum-based NFTs to expand its trading capabilities.

  • Users can now easily connect wallets like MetaMask to deposit and withdraw Ethereum-based NFTs on Shibarium, enhancing user interaction and accessibility.

  • They can benefit from the network’s lower costs and faster transaction times (compared to Ethereum), improving $SHIB’s liquidity and market activity.

  • Since its launch in August of the previous year, Shibarium has processed approximately 436M transactions, demonstrating robust platform activity and scalability.

  • Following strategic partnerships (such as with the financial solutions company Mass) and a 305% increase in burn rate, SHIB’s price has risen by nearly 8% over the past 24 hours.

Today's edition was written by Leah Alger