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​📣 NFT ART DAY ZRH returns to immerse visitors in the worlds of web3 & crypto art NFT ART DAY ZRH (find more here) serves as a platform for building connections between the traditional art world and the emerging realm of NFTs. The event places a strong emphasis on exploring the intersection of art and NFTs, delving into the innovative possibilities offered by blockchain technology, examining the evolution of historical digital art, analyzing the performance of the digital art market, and examining various other facets of this intricate ecosystem.  On Sunday, June 11, the main conference will take place at Kunsthaus Zürich’s newly constructed Chipperfield building. The conference offers a captivating program featuring talks and panel discussions that delve into various aspects of the NFT field. Key themes to be explored include the current state of the NFT art market, insights into significant artistic practices, the impact of rapidly advancing technologies in the art world, examination of collecting behavior, and artist talks. NFT ART DAY ZRH serves as a platform for bringing together esteemed international thought leaders, experts, artists, curators, and collectors who operate at the intersection of art and technology.

Take a look at Bitcoin’s NFT trading volume in 2023.

​🇭🇰 The Hong Kong Police Force launch new metaverse platform, ‘CyberDefender’ The cyber security unit of the Hong Kong Police Force have launched CyberDefender, a new metaverse platform designed to educate the public of the potential dangers associated with Web3 and the metaverse. According to a May 27 statement, the Cyber Security and Technology Crime Bureau (CSTCB) of the Hong Kong Police Force unveiled a new metaverse platform, CyberDefender, in an effort to prepare its citizens for the “challenges ahead in the digital age” with a focus on technology crime prevention. On the same day that it launched, an event was held on the platform, “Exploring the Metaverse," spanning across three virtual venues, with the aim of discussing crime prevention strategies within the metaverse. During the event, chief inspector of CSTCB, Mr Ip Cheuk-yu emphasized the importance of exercising caution in the metaverse, urging attendees to apply the same level of vigilance they practise while using the internet. “The decentralized nature of virtual assets in Web3 may also increase the likelihood of cyber criminals targeting end point devices, virtual asset wallets and smart contracts” he said. The Hong Kong Police Force plans to ramp up its  technology crime educational initiatives.

Vertex Labs, the UK-based Web3 and AI infrastructure company, has announced its acquisition of Digimental Studio, the creative force behind the 3D NFT fashion brand HAPE, for $12 million. The acquisition is expected to strengthen Vertex Labs’ standing as a provider of Web3 and AI infrastructure worldwide. Vertex is set to introduce Staking and many other future benefits for the HAPE community.

​🖼 Milady NFTs Get Dogecoin Treatment as Prices Retrace Days After Elon Musk Tweet Prices of the popular Milady NFT collection have retracted gains from the past weeks as holders likely took profits on a move influenced by an Elon Musk tweet. Earlier in May, the Milady collection spiked after receiving acknowledgment from Twitter owner Musk who tweeted a picture of a Milady avatar with the words “There is no meme, I love you” overlaid on the picture. Each NFT traded for 3.4 ether at the time. All gains have since reversed, as the NFT collection is now back at prices before Musk’s tweet, data from OpenSea analytics shows, dropping to as low as 3.2 ether per NFT on Thursday. That immediately prices surged as much as 200%, each Milady fetching $13,700 worth of ether (ETH) at the peak. Elsewhere, an unrelated LADYS token spiked thousands of percent, reaching a market capitalization of over $120 million. This is similar to the price action seen in dogecoin (DOGE) – which enjoys Musk’s support – which typically spikes whenever it is mentioned by the entrepreneur. These jumps are short-lived, however, as traders and automated bots pile on the tokens.

Shaquille O’Neal, the basketball legend turned TV analyst, is now embroiled in two separate lawsuits related to the cryptocurrency sector on Tuesday, May 23, during a live NBA broadcast. O’Neal was handed legal documents concerning his association with the now-defunct cryptocurrency exchange FTX and his NFT initiative, Astrals, at Miami’s Kaseya Arena. Notably, the venue was previously known as FTX Arena. The first lawsuit involves O’Neal who endorsed FTX. The plaintiffs accuse the defendants of promoting a financial platform that later fell into bankruptcy. The second lawsuit focuses on O’Neal’s involvement in Astrals, an NFT project launched in 2022. The plaintiffs assert that the Astrals NFTs were unregistered securities, with the value of the tokens tied closely to O’Neal. The suit alleges that the project misled investors and that O’Neal, along with his son Myles and business partner Brian Bayati, violated securities laws.

​🖼 Milady NFTs Get Dogecoin Treatment as Prices Retrace Days After Elon Musk Tweet Prices of the popular Milady NFT collection have retracted gains from the past weeks as holders likely took profits on a move influenced by an Elon Musk tweet. Earlier in May, the Milady collection spiked after receiving acknowledgment from Twitter owner Musk who tweeted a picture of a Milady avatar with the words “There is no meme, I love you” overlaid on the picture. Each NFT traded for 3.4 ether at the time. All gains have since reversed, as the NFT collection is now back at prices before Musk’s tweet, data from OpenSea analytics shows, dropping to as low as 3.2 ether per NFT on Thursday. That immediately prices surged as much as 200%, each Milady fetching $13,700 worth of ether (ETH) at the peak. Elsewhere, an unrelated LADYS token spiked thousands of percent, reaching a market capitalization of over $120 million. This is similar to the price action seen in dogecoin (DOGE) – which enjoys Musk’s support – which typically spikes whenever it is mentioned by the entrepreneur. These jumps are short-lived, however, as traders and automated bots pile on the tokens.

Elon Musk's Neuralink has received a green light from the FDA to kickstart its first in-human clinical study. Neuralink announced the news on Twitter, mentioning that the critical milestone was important for their mission to "help many people."

​🖼 30-Day Bitcoin NFT Sales Surge to $173 Million, Securing Second Place in Blockchain Market In the past month, recent data reveals that sales of non-fungible tokens (NFTs) originating from the Bitcoin blockchain have surged to $173.28 million. Surpassing 20 alternative blockchain networks, Bitcoin-based NFT sales now secure the second position in the realm of blockchain sales, with only Ethereum reigning supreme. Amidst the fervor surrounding the Ordinal inscription trend, Bitcoin-based NFTs have skyrocketed in popularity.  The sales amassed over the past 30 days firmly established the network as the second-largest in terms of sales within this time frame. While Ethereum NFT sales saw $392.23 million, this past month Bitcoin sales tallied up to $173.28 million, up 408.29% from the month prior. However, there has been a significant 47% decline in the number of buyers for Bitcoin-based NFTs, totaling 6,955 over the course of the past 30 days. Insights from cryptoslam.io data highlight that the leading NFT collection, in terms of sales during this period, is the Bored Ape Yacht Club (BAYC). The BAYC collection garnered $39,307,853 in sales over the past month, closely followed by the Ordi BRC20 NFTs.

Starting in June, Hong Kong's Securities and Futures Commission (SFC) will accept applications from cryptocurrency trading platforms aiming to serve retail investors. This comes after refining proposed regulations based on public feedback. The updated guidelines emphasize investor protection, management of key risks, and responsible development. This regulatory update is seen as positive by companies looking to operate in Hong Kong, especially since most publicly accessible platforms are currently unregulated by the SFC. Though the guidelines will be effective in June, the SFC says it has "not yet granted approval to any virtual asset trading platform." During the consultation period, the SFC received 152 written submissions.

​⚡️ The NFT Gaming Company Announces Enhancements to AI Gaming Platform Leveraging RECUR Builder The NFT Gaming Company, Inc. ("NFTG" or the "Company"), a company developing a digital gaming platform and community that will offer users the ability to create unique avatars playable in all of the games on the platform in the form of non-fungible tokens, or “NFTs,” today announced that it will be leveraging the powerful web3 tool, RECUR Builder, to deliver its AI gaming offerings to market. The NFT Gaming Company will be building on RECUR’s cutting-edge Web3 infrastructure to monetize their expanding game catalog. The NFT Gaming Company will also provide experiences and unique opportunities for the RECUR community. “Partnering with RECUR allows us to bring our AI gaming offering to market as quickly as possible in the best web3 infrastructure available,” said Vadim Mats, CEO of NFT Gaming Company.  “This relationship enables us to utilize the same technology as top brands like Paramount, Nickelodeon, Star Trek™, Top Gun: Maverick, emoji®, Care Bears™, and others.”  "We're delighted to have The NFT Gaming Company onboard to enhance their AI gaming product and create unforgettable web3 experiences with RECUR Builder.

STEPN has become the first-ever blockchain gaming app to secure Apple Pay integration. STEPN is the world’s leading Web3 move & earn application created by Web3 development studio Find Satoshi Lab (FSL), which allows users to purchase digital sneakers that get people moving even more effectively than a physical pair. When using Apple devices, Apple Pay provides customers with a quick, private, and secure way to make payments online and in apps. STEPN users can now use Apple Pay to purchase STEPN products and upgrades within the app without the need to connect a wallet.

​📣 Glory Star's Digital Collection NFT App CheerReal Announces Major Platform Upgrade Glory Star New Media Group Holdings Limited, ("Glory Star", the "Company" or "we") (NASDAQ: GSMG), a leading digital media platform and content-driven e-commerce company in China, today announced a major upgrade to its self-developed digital collection non-fungible tokens ("NFT") application, CheerReal. The update is now available on both Android and IOS apps and comes with improved security, advanced technology, enhanced functionality, and a more user-friendly interface. CheerReal is positioned as a "cultural and artistic digital collection" platform that aims to create a new cultural and artistic interactive experience, connecting virtual and real economy through innovative digital art and a diverse and inclusive metaverse world. As a member of the Trusted Blockchain Branch of the Beijing Information Industry Association, the platform is powered by Blockchain Service Network-Decentralized Digital Certificate ("BSN-DDC"), a network infrastructure that is jointly initiated by the State Information Center, China Mobile, and China UnionPay, which consists of more than ten BSN Open Permissioned Blockchains with robust technical systems and distinctive features.

Since 1898, Renault has been revolutionizing the automotive industry with its iconic cars and cutting-edge technology. 🚗 But, their innovation isn't just confined to the roads. 🛣️ In 2022, they launched their first NFT collection, genR5. Now, they're taking the NFT space by storm with their latest collection, Racing Shoe5. 👟 As part of its broader goal of continuous innovation, Renault aims to make waves beyond just the automotive industry.

​⚡️ Metaverse in Healthcare Market is Expected to Reach $79.6 billion The concept of the metaverse, a virtual reality space where individuals can interact with each other and digital content, is poised to make significant strides in the healthcare industry in the near future. The metaverse has the potential to revolutionize healthcare delivery by offering immersive and personalized experiences for patients, providers, and researchers. In the metaverse, healthcare professionals can conduct virtual consultations, perform medical procedures in a simulated environment. Metaverse in Healthcare market in terms of revenue was estimated to be worth $9.5 billion in 2023 and is poised to reach $79.6 billion by 2028, growing at a CAGR of 52.9% from 2023 to 2028 according to a latest report published by MarketsandMarkets™. The factors driving market growth include increasing demand for telehealthcare services, and shift towards patient-centric healthcare delivery. However, the lack of data security and concerns regarding data theft and healthcare fraud, and authenticity and reliability issues are challenging the market growth during the forecast period. Based on product & service, the software segment accounted for the largest share of 70.9% of the metaverse in healthcare market.

Injective (INJ) Surges By 19% Following ‘Surprise’ NFT Announcement Injective (INJ) is one of the few tokens to have racked up impressive gains in the last week. While most of the assets in the crypto market were marked by insignificant price actions leading to little gains or losses, INJ stood out with an excellent price movement to become one of the biggest weekly gainers. According to data from CoinMarketCap, Injective’s price gained by 19% in the last seven days boasting of a market performance. INJ initially began the week trading around a price region of $6.08 and soon recorded consecutive gains and losses before experiencing a price hike on May 17 to hit a market price of $6.7. On May 13, the team behind the Injective blockchain tweeted a statement urging the user community to interact more with dApps built on Injective or its L1 chain, stating there could be a chance to receive an “NFT-related surprise.”

​🖼 NFT Artist and Collector OSF: 'NFTs Are Just a Medium' London’s House of Fine Art (HOFA) gallery is one of the pioneers of the crypto art scene, being one of the first venues to showcase NFT artworks in a physical space back in 2021. Back then, it took a somewhat conservative approach, focusing on prints of CryptoPunks alongside physical sculptures and NFT-adjacent work. This time around, its "Beyond the Screen" exhibition is dialing up the digital element, with vibrant screens displaying eye-popping animated work by the likes of XCOPY. NFTs are “just a medium,”  said NFT artist and collector Ovie Faruq, aka OSF, who showed Decrypt around the space. “It's just like, do I have my painting on an oil canvas, or do I have a photograph? Or do I have a screen displaying some digital art? It's just a canvas; it's just a mechanism to transact,” he added. Ultimately, he argued, “people will start buying NFTs without knowing they're NFTs. And that's the sort of thing that will get us over this, like, stigma that's attached to it.” OSF’s own contribution to the exhibition, “Super Fan,” inadvertently predicted the current PEPE-led memecoin market frenzy. The digital artwork, which OSF drew “two or three months ago,” features a “kind of loner character” who’s obsessed with Pepe the Frog, and surrounded by market charts showing green and red candles.

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NFT Marketplaces Diminish in Ethereum Gas Use Amid Fee Crisis Ethereum’s gas consumption patterns, Non-Fungible Tokens (NFTs) no longer reign as the top gas guzzlers on the network. Data from the crypto analytics platform Nansen revealed that last week, NFT marketplaces accounted for just over 3% of all gas consumption. In stark contrast, the decentralized exchange Uniswap used more than ten times that amount, clocking in at 31.99%. The Ethereum network’s congestion and high gas prices are attributed, in part, to intense activity caused by a surge in meme coin trading, such as PEPE tokens and Floki Inu. This led to an overflow of transactions and, subsequently, skyrocketing gas prices.Layer 2 solutions, such as state channels, plasma chains, and rollups, aim to offload some computational workloads from the main Ethereum blockchain reducing the need for gas. One trader was reported to have paid as much as 64 ETH.

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​💰 Bitcoin Frogs Best Selling NFT for 24-Hrs as BTC Catches Pepe Mania The ordinals are coming in dank this week. Bitcoin Frogs was the #1 selling NFT collection for the 24-hour period on Wednesday. Frogs sales outpaced Bored Apes Yacht Club, CryptoPunks, and other popular collections for the day. The BRC-20 memecoin project describes itself as “10,000 unique frog collectibles minted directly on the Bitcoin Blockchain.” As of publication time, 3,700 frogs had owners. Meanwhile, hundreds were listed for sale on NFT marketplaces. According to data from CryptoSlam, a leading aggregator of on-chain NFT analytics, Bitcoin Frogs sales reached a trading volume above $2.2 million for the day. Frogs outsold Bored Apes NFTs for Wednesday, May 17th. Some of the BAYC sellers may have even been cashing out to buy PEPE Coin in the meanwhile. There’s been a lot of that going on during this season of Pepe fever. CryptoSlam data shows Bitcoin Frogs selling for an average price of 0.12 BTC (around $3,200 USD) on Wednesday. The PEPE-inspired boom in sales overtook Bored Apes Yacht Club despite the higher average sale price of around $83,000 for the blue-chip NFT. The inclusion of cool NFT features like generative AI to produce unique properties in each mint brings the artistry of smart contract minting to the Bitcoin blockchain.

​🖼 Pudgy Penguins wants to use its NFT-inspired toys to bring IP to the real world Pudgy Penguins, an (admittedly adorable) NFT collection that also doubles as a web3 IP company, is releasing a line of toys dubbed Pudgy Toys, Luca Netz, CEO of the company, told TechCrunch+ in an exclusive interview. As the NFT sector continues to waddle through a period of frosty consumer interest, some collections are diving deep, exploring new waters and expanding their horizons to the physical realm in hopes of reaching more people and growing their brand. The penguin plushies are being made in collaboration with PMI, which also produces toys for Fortnite and Among Us, Netz said. The company sees physical toys as a “Trojan horse” for the web3 ecosystem and NFTs. “Unfortunately, NFT revenue is not sustainable and it’s not really growable,” Netz acknowledged, adding that the toys are meant to make the company more sustainable. “Secondly, we wanted to create an IP that transcends this ecosystem, and the way I know how to do that is through physical products.”. Launched in 2021 and acquired by Netz in April 2022, the 8,888-NFT collection has grown to include real-world products.

​📣 Zombie-themed Deadfellaz NFTs Let You Bring the Avatars to Life on Video DFZ Labs, the creative team behind zombie themed non-fungible token (NFT) collection Deadfellaz said Friday its rolling out a video utility extension to allow community members to bring their tokens to life and embody their avatars on screen. Called Streamingfellaz, the tool will let Deadfellaz token holders, also known as The Horde, to utlize the collection’s intellectual property (IP) beyond the artwork itself.  Betty, CEO & Co-Founder of DFZ LABS said in a press release that Streamingfellaz will further extend Deadfellaz’ mission of giving holders a Web3 digital identity and new modes of self-expression. One member of The Horde, Dead Channel, was able to beta test the new tool and was enthusiastic about the product. “It’s been great bringing my full Web3 identity to life with my Streamingfella. Like many in the Horde: I am my fella, and my fella is me!” Dead Channel said in the release. Deadfellaz has been keen on expanding its IP beyond its digital artwork since its inception. In October, the collection teamed up with popular DJ and NFT collector Steve Aoki.

Apple’s new headset could put a rocket under metaverse tokens Apple is scheduled to release its highly-anticipated mixed-reality headset in the coming weeks, a development that some believe could breathe fresh life into the metaverse industry. This trend was pointed out in a May 15 tweet from independent developer Udi Wertheimer, who in a backhanded comment to the absurdity of influencer-driven memecoins, spoke of the upcoming release as a potential driver of metaverse token prices. Decentraland is still in the process of building out its VR capabilities and The Sandbox previously told Cointelegraph it has “no immediate or future plans” to build out VR. Speaking to this point, Gilbert, like many others notes that a fully immersive metaverse experience is probably still a “long way off” especially when looking at the gap between the initial launch of the iPhone and the availability of apps.

MemeFight launched on PulseChain and is a game that allows users to choose their favorite meme and fight to the death. Each meme character will have their own special moves. Game is currently being developed. A small amount of MemeFight tokens will be needed to be allowed to fight. Lets get ready to MemeFight!!!!! - LP Locked - Contract renounced - Tax: 0/0 Chart: https://dexscreener.com/pulsechain/0xd67c0d74aacccba799d22f24a9d870860bc641d7 Website: MemeFight.vip Telegram: t.me/LetsMemeFight Twitter: twitter.com/LetsMemeFight

​🇨🇳 China prosecutors to crack down on NFTs used as crypto proxies China's national agency responsible for legal prosecution published a new set of non-fungible token (NFT) guidelines on May 15, warning that NFTs are being used as a proxy for illegal securities and speculative digital assets. The guidelines from the Supreme People's Procuratorate of the People's Republic of China recommend stronger "risk research and judgment" to differentiate between “true innovation” NFTs and quasi-crypto “pseudo-innovation,”. The prosecutors acknowledged that “as a new application of blockchain technology, NFT has certain development potential." However, they also saw a tendency toward “securitization” of NFTs where ownership of one token or collection was shared among multiple individuals, which they claim violated proper NFT criteria such as non-reproducibility, indivisibility and uniqueness. The court found that NFTs “have the object characteristics of property rights such as value, scarcity, controllability, and tradability” and “belong to network virtual property” meaning that they “should be protected by the laws of our country.” Their definition of NFTs set an important and far-reaching precedent for digital property in China.

Crypto hardware company Ledger just announced a feature called "Ledger Recover" which has caused an uproar in the crypto community. The feature allows for an ID-based recovery system to back up users' seed phrases. To use this service, you must provide a passport or national identity card. The service costs $9.99 to use. Some have expressed their dismay at a hardware wallet providers encouraging users to back up their seed phrases online.

​📣 Subversive Announces Metaverse ETF Closure Subversive Capital Advisor (the "Advisor" or the "Company"), a Registered Investment Advisor primarily focused on different mission-driven emerging sectors, has announced today that the Board of Trustees (the "Trust") has determined to close and liquidate the Subversive Metaverse ETF (CBOE: PUNK) (the "Fund") effective immediately after the close of business on May 31, 2023. Subversive Capital Advisor will continue to operate its other Exchange Funds as usual. In 2022, the world watched as Meta, formerly Facebook, place a big bet, including its name, on the future of the Metaverse. Subversive Capital Advisor launched the Fund with a skeptical view of Meta's imagining of what that world would look like, and to invest in other companies spearheading innovation in this new space. "We continue to believe Meta's focus is misguided and, we've decided to pivot given the rapid advances in more promising technology such as Artificial Intelligence." said Subversive's portfolio manager, Christian H. Cooper. The Fund's last day of trading will be May 31, 2023, which will also be the final day for creation unit orders by authorized participants.

⚡️ Elizabeth Arden Enters Metaverse with Virtual Store Beauty brand Elizabeth Arden, which expanded to all Ulta Stores last summer, has launched its first-ever immersive virtual store experience, created in partnership with experiential e-commerce platform Obsess. The fully shoppable experience is designed to delight and engage Elizabeth Arden’s more digitally driven consumer base by allowing customers to experience the brand’s products and learn about the woman behind the brand. “Elizabeth Arden has been a leading beauty industry innovator for the past 120 years and we are thrilled to launch our first metaverse shopping experience in partnership with Obsess,” said Martine Williamson, Global Chief Marketing Officer. “We are truly operating as an omnichannel business to evolve our customer experience and engage a whole new generation of shoppers about our products and legacy through digital storytelling.” The Elizabeth Arden virtual store experience brings the company’s history to life through interactive content and images that tell the story of its inspirational female founder, her impact on the beauty industry and the brand’s evolution.

OpenAI's CEO Sam Altman is in advanced talks to secure $100M for another one of his venture's, Worldcoin, the crypto project that scans your irises to prove that you're not a robot. Worldcoin's vision is to bring digital identity and global finance to all. According to Worldcoin's website, Worldcoin will enable the usage of proof of personhood, the equitable global distribution of digital currencies and ultimately a path to AI-funded UBI.