The Metaverse is Alive & Kickin'

• 🔥 The Sandbox Alpha Season 5 Unleashes 40+ New Games

• 👩‍⚖️ Brazilian Court Employs NFTs for Legal Notices in $900M Fraud Case

• ❌ X2Y2 Ditches NFT Marketplace, Turns to AI & Crypto

• Pranksy’s Golden Ape Doodle Sold For $1M+ Loss (NFT Plazas)

• LG to Shut Down NFT Marketplace Art Lab on Smart TVs by June (Decrypt)

• Gutter Cat Gang Token Sale Marred by ‘Technical Issues,’ Reportedly Low Interest (Cointelegraph)

• Animoca Brands Partners with Soneium for Web3 Tool and Initiatives (NFT Plazas)

• Minecraft-Like Game 'Hytopia' Launches AI Vibe Coding Competition (Decrypt)

• Mintify Launches $MINT Token to Power the Future of Onchain Trading (nft now)

• Parallel TCG Mobile Debuts in the Philippines (NFT Plazas)

• NFT Sales Plunge 63% in Q1, but Pudgy Penguins, Doodles Buck Trend (Cointelegraph)

• 'Off the Grid' GUN Token Sinks Following Game's Avalanche L1 Launch (Decrypt)

• Ronin NFTs Now Tradeable on OpenSea (NFT Plazas)

Trending Collections on OpenSea:

• Axie [Floor Price - 5.00 $RON]

• Wild Forest Units [Floor Price - 0.17 $RON]

• Forgotten Runiverse Items [Floor Price - 0.19 $RON]

The Sandbox Alpha Season 5 Unleashes 40+ New Games

In its Alpha Season 5, The Sandbox has introduced 40+ new games featuring iconic franchises such as Jurassic World, Atari, Terminator: Dark Fate, and Attack on Titan.

• Over $1M in $SAND token rewards will be distributed through a seasonal battle pass, providing players with the opportunity to earn exclusive digital equipment.

• The season's flagship game, Jurassic World: Dinosaur Preserve, combines conservation and adventure simulation by allowing players to manage their own dinosaur sanctuaries.

• Meanwhile, the launch of Game Maker 0.11 includes significant updates, which enhance game customization through improved avatar animations and introduce new mobility features like flying and double jumping.

• Adding to the interactive gaming experience, Season 5 also introduces the limited-edition Jurassic World Dinosaur Egg event, where players can hatch and nurture rare dinosaur species.

Brazilian Court Employs NFTs for Legal Notices in $900M Fraud Case

A Brazilian court has authorized the use of NFTs to serve legal documents to unidentified defendants in a case involving BWA Brazil, a company linked to a massive alleged pyramid scheme involving 11,200 $BTC.

• The court has approved the minting of NFTs containing legal documents, which will be sent to Bitcoin wallet addresses associated with the initial fraudulent transactions, aiming to interrupt the statute of limitations on claims.

• Reportedly acquired using funds from creditors, the assets in question are estimated to be worth over $900M, underscoring the significant scale of the alleged fraud.

• Despite the bankruptcy proceedings and legal actions, the founders of BWA Brazil remain at large, complicating efforts to recover lost funds for the affected creditors.

• This case underscores the evolving use of blockchain technology in legal contexts.

Crypto’s Most Influential Event

Consensus is the world’s longest-running gathering of the global crypto, blockchain, and AI communities.

Celebrated as ‘The Super Bowl of Blockchain’, Consensus will welcome 20,000 attendees shaping the decentralized digital economy to Toronto this May 14-16.

Ready to invest in your future?

Attending is your best bet.

Register & Save 20% with BEEHIIV

X2Y2 Ditches NFT Marketplace, Turns to AI & Crypto

Following a drastic 90% drop in trading volume, from a high of $209M in May 2022 to just $53.6M this past year, X2Y2 is shutting down its NFT marketplace and expanding its AI operations.

• Despite the marketplace’s closure, X2Y2 is not ceasing operations but is pivoting towards developing a decentralized AI platform that will generate yields from crypto assets regardless of market conditions.

• This idea still exists irrespective of the platform's native token, $X2Y2, which is also experiencing a 90% decline and now has a fully diluted value of approximately $1.4M.

• The new direction focuses on leveraging AI to offer decentralized, permissionless yield opportunities, promising resilience through various market cycles.

• With the shift towards a decentralized AI platform, X2Y2 aims to create sustainable, long-term value for the crypto community, signaling a strategic adaptation to changing market dynamics.

Today's edition was written by Leah Waters

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