NFT GENERATED $1.8 BILLION ROYALTY TO THEIR CREATORS
Galaxy Digital calculated that NFT projects earned $1,8 billion and only on royalties. The top 10 NFT projects generated $489 million, including RTFKT sub-brand Nike and Yuga Labs with their projects BAYC, MAYC and Otherside $147,6 million in revenue, followed by Art Blocks with $82 million in revenue.
Nike earned the most among the major web2 brands, $91,6 million. Adidas followed with $4,7 million, and Gucci earned the least with $1,6 million in revenue. Puma was not even mentioned with their ~$20k - one of this year's failures in the NFT.
A total of 482 NFT collections generated 80% of all royalties earned. Due to the fact that royalties are becoming a point of contention in the NFT world. More and more marketplaces are making royalties optional at the user's choice. If you want, pay, if you don't want, don't pay.
Apart from the AMM NFT Sudoswap, the X2Y2 marketplace is the first to make NFT resale royalties optional this year. Magic Eden followed suit.
On October 15, 2022, ME announced (https://blog.magiceden.io/magic-eden-going-optional-royalties-and-creator-monetization-hackathon) that royalties are now optional when trading on their platform and furthermore stated that that they are waiving their commissions for selling NFTs and have announced a $1M hackathon for those who come up with new ways to monetize collections. The local trend was also picked up by NFT collections. So the popular DeGods collection on Solana removed royalties two weeks ago. However, it is known that the creators of this Dust Labs collection raised (https://finance.yahoo.com/news/nft-software-company-dust-labs-031951352.html) a $7 million round.
For independent creators, royalty is still one of the most important sources of income. Especially in the realities of the bear market and the popularity of freemint.
TOP 5 CRYPTO GAMES FOR BUSINESS ACCORDING TO DAPPRADAR
DappRadar, a decentralized application analytics platform, has prepared the top 5 crypto games for doing business.
SCAMMERS ACTIVATED
Phishing airdrops are on the rise again. Be carefull! Scammers don't sleep, especially during a bear market.
The mechanics of the scam may vary, but the essence is the same - to take possession of the crypto in your wallet.
HOW IT WORKS?
They send you NFT to your wallet -> the scammer creates an offer (purchase offer) through OpenSea -> you receive a notification about the offer in the mail from the official OpenSea mailbox with the expectation that you will start studying NFT on emotions. In the description of the collection, there is often a link to the collection website, while the collection’s smart contract often prohibits the sale or movement of such NFTs and you can’t sell it on marketplaces and you go to the site in search of answers. Connect the wallet and either immediately sign permissions to transfer full rights to move your tokens with the attacker's smart contract, or this is done at other stages.
The scheme may change, be vigilant and do not let yourself be deceived! Take care of your wallets, allow apps to access your wallet consciously and before any approval - think about it! Do not hurry!
We also recommend that you use a “battle wallet” to access applications that do not store the main amount of your funds.
GAMING BLOCKCHAIN OASYS IS PREPARING TO LAUNCH THE MAINNET
Director of Oasys, Daiki Moriyama said that it is not the time to think about the achievements of the past, it is necessary to think about the possibilities of the future. Blockchain Oasys has announced a three-phase plan to launch the mainnet. After the launch, a public listing of tokens is expected.
MAJOR UPDATE AND ANNOUNCEMENT OF NEW SERVERS IN METALCORE
Looking for exciting crypto games with good graphics? Metalcore is a Polygon P2E MMO shooter set in space on different planets.
On October 13, Metalcore launched Open World Alpha with two servers. Due to the large influx of users, the servers failed and the number of servers had to be increased, but already in the EU.
The launch of new servers is scheduled for October 27, 28, 29 from 18:00 to 21:00 pm. The first two servers were launched in North America and Asia. Inspired by success, the developers managed to roll out another major update in two weeks.
MYTHICAL GAMES ANNOUNCED NEW CRYPTO GAME NITRO NATION WORLD TOUR
The studio that gave us the Blankos and NFL Rivals has partnered with CM Games, creators of the popular Nitro Nation franchise, to bring in the new Nitro Nation World Tour races.
Nitro Nation World Tour is racing with NFT cars, workshops and racing social clubs. Players will be able to take part in racing duels, provide services to other players in the workshop and create their own guild.
Unentered*
1.In the REVVMotorsport ecosystem announced MotoGP™ Ignition updates.
2.Azuki brand collection held auction of eight Golden Skateboard NFTs with a unique technology for linking to a physical object, breaking the previous record for $38K skateboards. The most expensive board went for 309 ETH $404K, and the cheapest one for 200 ETH $262K.
3.Meta partners with the French brand L'Oréal to launch web3 startups.
4.Blankos announced giving away free Epic Halloween packs. The distribution is scheduled for today at 15:30 UTC.
5.Near Foundation singled out a $40 million grant to make up for the shortfall found in the backing of the USN stablecoin.
6.In the third quarter of this year, the Meta division, Reality Labs confirmed losses of $3,7 billion. The amount of losses for the entire year reaches $9,4 billion.
7.A rumor has been launched that Reddit will likely launch its own metaverse amid the popularity of its collection.
8.OpenSea found a new exploit in an old contract. Recommend do Revoke all permissions for OpenSea.
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