OpenSea Creator Studio

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This Week's Low-Down:

• 📜 OpenSea’s Creator Studio to Open New Chapter in NFT Storytelling

• 💸 YoY Growth for NFT Trading Activity Jumps by 44% Amid Bear Market

• 🤔 Instability Prompts Bitcoin Ordinals to Rethink Numbering Protocol

• PUBG Creator Krafton Presents the Latest AI-powered NFT Game (Bitcolumnist)

• CoinMarketCap and HELLO Labs to Premiere TV Series, Killer Whales (NFT Lately)

• PayPal Stablecoin ‘PYUSD’ is Now Available on Venmo (Bitcolumnist)

• What is Gala Games and How to Buy GALA Coin? (Cointelegraph)

• Aavegotchi Upgrades with Magnificent New Game Center (NFT Plazas)

• Major NFT Marketplaces Remove Mila Kunis' Stoner Cats Following SEC Charges (Crypto News)

• Friend.tech Returns With Surging NFT Trading Volumes (NFT Lately)

• Animoca Brands Subsidiary to Launch First Metaverse Token on Bitcoin (Bitcolumnist)

• Magic Eden Adopts Solana’s Compressed NFTs (NFT Lately)

• Citigroup Launches Digital Asset Solutions for Institutional Clients (nft now)

• Animoca Brands and Honda Boost Formula 1 Fandom with NFTs (NFT Plazas)

• Base Network Hits Almost 2M Transactions in a Day, Still Trails Polygon, BSC (Cointelegraph)

• Shazane Nazaraly’s Inspiring Journey to Launching Ares Corporation (NFT Evening)

• NFT Fantasy Soccer Games Coming to US and Canada Courtesy of LaLiga and GameOn (Crypto News)

Trending Collections on OpenSea:

• Sugartown Oras [Floor Price - 0.30 ETH]

• Nakamigos [Floor Price - 0.24 ETH]

• Apostles: Genesis [Floor Price - 0.02 ETH]

OpenSea’s Creator Studio to Open New Chapter in NFT Storytelling

OpenSea is soon launching its Creator Studio, brimming with intuitive no-code tools to streamline minting and elevate storytelling capabilities.

• Over the coming months, the Creator Studio will be enriched with added features allowing users to integrate diverse content types (images, videos, roadmaps, and FAQ layouts).

• The idea behind the new feature is to enhance the storytelling capabilities of the NFT items.

• OpenSea teased a glimpse of Vinnie Hager's collection, 'Diary by Vinnie Hager', showcasing the ability to embed narrative content.

• The NFT marketplace will also be phasing out its lazy-minting creation flows by October 3, replacing it in Creator Studio through a method that enables users to create collections on independent contracts they deploy.

• All items minted using the lazy minting tool before this date can still be traded as usual. However, they will not be editable after this deadline.

YoY Growth for NFT Trading Activity Jumps by 44% Amid Bear Market

Amidst the bear market, DappRadar highlighted a 44% surge in daily NFT activity from the previous year, underscoring the enduring vigor of the NFT sector.

• Polygon emerged as the top NFT blockchain in terms of sales, boasting 497,137 sales with 112,459 traders.

• Moreover, newer blockchains like zkSync are gaining traction.

• Marketplace dynamics are shifting, with OpenSea's dominance dropping by 14% with new marketplaces like Blur posing intense competition.

• Gaming-centric NFT collections have seen significant growth, reflecting blockchain gaming's massive 40% share in the Web3 industry.

• Yuga Labs — despite generating more than $116 million in royalties last year — faced a 79% drop in 2023 following Blur's no-royalty model.

Instability Prompts Bitcoin Ordinals to Rethink Numbering Protocol

Bitcoin Ordinals' Casey Rodarmor proposes a shift in the protocol's unique numbering system for simplification.

• Each NFT under the protocol currently possesses a distinct inscription number.

• “Ugly code and halted progress" were cited as reasons for making inscription numbers more flexible.

• Numbers won't be discarded but could vary, potentially by around 1%.

• The community's response is divided: some back the move, while others value the original numbering.

• Ordinals, allowing inscriptions into satoshis, dominated 84.9% of Bitcoin activity as of August 21.

Today's edition was written by Leah Alger.

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