SOON NFTs Raise $22M

+ Ronin transforms complex blockchain addresses; Puffpaw's NFTs help smokers quit nicotine.

Author

Leah Alger
January 23, 2025

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  • 🚀 Ethereum L2 SOON Raises $22M in NFT Sale for Mainnet Launch

  • 👾 Ronin Transforms Complex Blockchain Names to Simple Gamertags

  • 🚬 Puffpaw Unveils ‘Vape-to-Earn’ Model & NFTs to Help Smokers Quit

  • Ancient8 Opens Registration for OP Grant Program Season 1 (NFT Plazas)

  • Did You Know David Lynch Made NFTs With Rock Band Interpol? (Decrypt)

  • Crypto Projects Need More Visionary Funding for Long-Term Growth (Cointelegraph)

  • Echelon Strengthens Esports with $3M Commitment to Parallel (NFT Plazas)

  • Mad Lads Solana NFTs Jump to 6th Place Amid TRUMP Memecoin Buzz (Cointelegraph)

  • Engines of Fury To Launch On Epic Games Store On February 25 (NFT Insider)

  • LA Wildfires Ethereum NFT Benefit Project Features Art From CryptoPunks Creator (Decrypt)

  • Xociety Launches Spotlight Playtest with Rewards, Ending Soon (NFT Insider)

  • MetaMask and Ramp Network Partnership Lets Users Cash Out Directly From L2 Networks (Cointelegraph)

  • R0AR NFTs Surpass 3,400 Mints as Community Demand Soars (NFT Insider)

  • Digital Art Venue MakersPlace Shuts Down Amid NFT Market Decline (Cointelegraph)

Trending Collections on OpenSea:

Ethereum L2 SOON Raises $22M in NFT Sale for Mainnet Launch

Ethereum Layer 2 SOON recently snagged $22M via an NFT sale for its mainnet launch, focusing on community-driven growth, as well as fair and sustainable tokenomics.

  • SOON integrates the Solana Virtual Machine (SVM) to enhance execution, achieving block times of 50ms (faster than Solana's 400ms).

  • The funds, led by Hack VC and other firms, will be used to develop SOON's blockchain infrastructure and ecosystem.

  • Moreover, the network's tokenomics prioritizes community participation, allocating over 51% of tokens to users.

  • Through its fair-launch approach, it aims to challenge traditional VC-led token launches by offering equal terms for both VCs and the community.

Ronin Transforms Complex Blockchain Names to Simple Gamertags

Ronin Network—a blockchain designed for Web3 games and NFTs—has introduced the Ronin Name Service (RNS), which replaces users’ long blockchain addresses with easily readable domain names.

  • RNS names (like ‘your name.ron’) serve as unique gamertags across the entire Ronin ecosystem, making it easier to identify and engage with others.

  • It reduces errors when sending or transferring digital assets, ensuring smooth and accurate transactions.

  • You can get an RNS by heading to https://id.roninchain.com, connecting your Ronin Wallet, and adding your preferred name.

  • Once available, choose your registration duration, set it as your primary name if you prefer, and complete the process by confirming and paying the fee using $RON tokens.

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Puffpaw Unveils ‘Vape-to-Earn’ Model & NFTs to Help Smokers Quit

Puffpaw is pioneering a ‘vape-to-earn’ model using tokenized incentives to help smokers quit nicotine, targeting mainstream users with a new NFT collection and vape products.

  • The upcoming Gen2 NFT collection will launch on Berachain. It will offer 30K NFTs with a Puffpaw vape and three pods, priced under $100 to cover production and shipping costs.

  • Puffpaw's Smart Vape uses nicotine-free, tea-extract-based e-liquids and features Bluetooth-enabled devices to track smoking habits. It rewards users who limit nicotine consumption.

  • Its app records vaping data on-chain, rewarding users based on their habits, such as using non-nicotine pods and maintaining healthy vaping ranges to maximize rewards.

  • Puffpaw is focused on regional markets—particularly South Korea and Japan—and uses a closed-pod ecosystem to compete with established vape giants.

Today's edition was written by Leah Waters