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Whale vault gobbles up virtual real estate for development in The Sandbox

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The Whale non-fungible token vault has become the second-largest holder of virtual land in The Sandbox game — and its owner plans to become a virtual real estate developer.

WHALE tokens represent fractional ownership in The Vault — the private NFT collection of the prominent crypto investor and social media profile ‘WhaleShark_Pro.’ It has garnered a $16 million market cap despite holding just $1 million worth of NFTs, suggesting many speculators believe WhaleShark’s collection of rare tokens is likely to grow in value significantly.

Blockchain intelligence firm Messari estimates that nearly 50% of The Vault is comprised of LAND tokens, making Whale the second biggest holder behind Binance. The exchange received a significant number of the tokens from hosting the $3 million LAND initial exchange offering on Binance Launchpad, and purchased a further 4,012 LAND tokens earlier this week..

Speaking to Cointelegraph, Sebastien Borget, the COO and co-founder of The Sandbox, said “Whaleshark understands very well The Sandbox vision and has the right eyes for acquiring NFTs with high value growth potential.”

Borget notes that the WHALE community is “mostly composed of builders and artists” who will create gaming experiences on WhaleShark’s virtual land to drive revenue streams in the form of The Sandbox’s in-game currency SAND.

“The revenue streams in SAND then will be redistributed into his community, all of this without us acting as the central authority,” added Borget.

WHALE is the perfect example of user-generated content and ecosystem development through blockchain

The project launched a liquidity mining program last month which may have boosted WHALE’s market cap as yield farmers sought novel returns. 5,000 WHALE tokens worth roughly $30,000 were distributed in August, offering a 22.5% annual percentage yield (APY) to liquidity providers

In another advance for the NFT ecosystem, Animoca Brands recently launched staking for ‘REVV’ — a utility token used in the firm’s F1 and MotoGP motorsports games. REVV stakers earn rewards in the form of NFTs that can be used in the games or traded on a secondary market.





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CNBC’s Jim Cramer Advises Robinhood Shareholders to Reduce Positions as It Becomes Meme Stock

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Although Jim Cramer is urging Robinhood investors to trim some of their positions, he also advises that they still retain a sizable stake in the company.

CNBC’s Jim Cramer has asked Robinhood (NASDAQ: HOOD) shareholders to reduce how much of the trading app’s shares they hold since HOOD has become a meme stock. Cramer suggests that shareholders should take their profits and get out of the position before losses begin.

Speaking about the recent HOOD spike, the Mad Money host likened Robinhood to AMC (NYSE: AMC) and GameStop (NYSE: GME). The movie theater chain and video-game retailer both spiked earlier this year, with the rise caused by sentiments originating from Reddit. Cramer said:

“Meme stocks are easy money on the way up. But as we’ve seen with GameStop and AMC of late, you have to take profits while you still have them by selling gradually on the way up.” 

Cramer believes that the upward momentum of meme stocks does not last too long, and it’s best to make profits while their prices are still high. The former hedge fund manager suggests that any investor who gets too carried away by the recent surge in value and refuses to quickly capitalize in a practical way may get burned down the line. According to him: 

“It doesn’t matter how much you love [Robinhood], discipline always trumps conviction.”

Robinhood shares advanced 50.4% to close at $70.39 after initially hitting an $85 high on Wednesday. This was on the back of a 24.2% gain the brokerage firm made on Tuesday and now roughly represents an 80% gain in two days. This recent Robinhood uptick is enough to see the company dubbed a meme stock.

Cramer Hedges Opinion on Robinhood Stock

Although Jim Cramer is urging Robinhood investors to trim some of their positions, he also advises that they still retain a sizable stake in the company. In his opinion, this is to allow for additional growth as he believes the brokerage firm has a solid future ahead of it.

Cramer had advised investors to buy Robinhood shares on Monday. At the time, he believed Robinhood CEO and co-founder Vlad Tenev would transform it into a diversified fintech company, one capable of competing with other established players such as Square and PayPal.

The Recent Robinhood IPO

Robinhood went public on July 29th on the NASDAQ with an initial public offering (IPO) of $38 a share. At the offering, Robinhood offered some of the shares to retail investors. This was unusual because Wall Street usually does this with institutional investors and other persons with a high net worth.

Robinhood experienced a rocky start to its public offering as share prices dropped 8% to $34.82. As a result of this, the trading app managed to raise close to $2 billion after selling 52.4 million shares which was lower than its initial forecast. 

Currently, Robinhood has a market capitalization of $32 billion. In its relatively short time of being a public company, the company’s stock has traded as low as $33.25.

The term ‘meme stock’ refers to under-the-radar stocks listed in the US market. These stocks are usually without fundamentals and suddenly catch the fancy of individual investors or day traders. A social media frenzy is also one of the major reasons a stock becomes a meme stock.

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Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge.
When he’s not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.



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Luxury Fashion Brand Burberry Launches NFTs in Partnership with Mythical Games

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This collaboration is a unique positioning of branded NFTs in popular blockchain-based games. It sets up new synergies between the emerging blockchain gaming market and the fashion world.

The NFT gaming market is booming this summer of 2021, and London-based luxury fashion brand Burberry finds a good use case for itself. Joining hands with Mythical Games, Burberry has introduced the first set of non-fungible tokens. As a result, Burberry will feature its NFTs in the blockchain game Blankos Block Party. Thus, these NFTs will pave the way for digital ownership in gaming.

Blankos Block Party is a multi-player game featuring digital vinyl toys and running live on the blockchain. Thus, the Burberry NFTs appearing in the game will represent exclusive Burberry items.

The British fashion brand noted that its NFT digital collection – Burberry’s B Series – will feature limited-edition product drops. Users can buy these NFTs as in-game purchases through the Blankos Block Party marketplace starting August 11. Rod Manley, Burberry Chief Marketing Officer said:

“Gaming is a unique space for us to test and learn and trial digital innovations that embody our values and celebrate creativity amongst our communities. Partnering with Mythical Games feels like a natural next step, going beyond our in-house games by bringing the Burberry universe into an established environment. It has been fantastic to work so closely with Mythical Games to bring this new customer experience to life.”

Burberry NFTs: Blanko Shark Characters

The Burberry Blanko is basically a shark character with the name Sharky B. Inspired from the brand’s Animal Kingdom house code, it also carries Burberry’s new TB summer Monogram. Users can purchase, upgrade and sell this Burberry Blanko NFT within the Blankos Block Party marketplace.

The Burberry branded in-game NFT accessories include – jetpack, armbands and pool shoes. Players in the game can apply them to any Blanko they own. Besides, the user can train the Sharky B NFT to master an array of powers including agility and speed. This will also help to ensure the toy’s uniqueness and rarity.

Burberry noted that its NFTs will help unlock value for the gaming community. It will also encourage players to interact with its brand on a digital platform that encourages art and design.

This will be the first digital item released as part of Burberry’s B Series. These limited-edition product drops shall be available on Burberry’s channels.

“Mythical is transforming the way creators and brands engage with their audiences through blockchain and player ownership. The Burberry x Blankos collaboration is a highly anticipated first for both our companies – the first NFT collection for Burberry, and the first luxury brand in Blankos Block Party. We’re incredibly excited to bring the iconic TB monogram into the dynamic, unique world of Blankos, giving players a new way to interact with a beloved and forward-thinking brand,” said Nicole Yang, Mythical Games Vice President of Marketing.

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.



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Final Photoshoot of Chris Cornell Will Be Sold as NFTs

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The sale of NFTs will start tomorrow, August 5, at 12 am ET via Cryptograph, a publishing and auction platform of digital creations. According to its website, the proceeds from the auction will partly go to Phoenix House.

Back in 2017, before committing suicide, Chris Cornell, previously the lead singer of rock band Soundgarden had a photoshoot with photographer Randall Slavin. Now, two of these photos with Chris Cornell will be auctioned as non-fungible tokens (NFTs).

The photoshoot had the title “The Last Session”. The photos that will become NFTs are named “Until We Disappear” and “White Roses For My Soul To Keep”. Notably, before deciding to auction them, the photographer Randall Slavin got approval from Cornell’s widow, Vicky Cornell.

Randall Slavin stated:

“Chris was a powerful, beautiful person and someone I was fortunate to work and I’m very excited to immortalize these images as NFTs.”

“Randall is like family. I’m so grateful that Chris’s last photoshoot was captured by not only an amazing photographer but a true friend. Phoenix House continues to do such crucial work especially during these times,” said Vicky Cornell.

The sale of NFTs will start tomorrow, August 5, at 12 am ET via Cryptograph, a publishing and auction platform of digital creations. According to its website, the proceeds from the auction will partly go to Phoenix House, a non-profit organization that offers rehabilitation programs for drugs and alcohol addiction.

It states:

“When Chris arrived at Randall’s studio in 2017, no one knew that this momentous shoot would be his last. After his passing, Randall decided to shelve the photos for years. But at long last, the time has come to unveil this historic session and breathe new life into these stunningly palpable photographs — forever immortalizing the legacy of a bona fide Legend.”

Chris Cornell was an American singer, songwriter, and musician. He was the lead vocalist and rhythm guitarist for such rock bands as Soundgarden and Audioslave. Besides, he had a successful solo career. In 1990s, Cornell was one of the key figures in the grunge movement.

Photos of Cornell, Paintings and Others: NFTs Gaining Traction

Currently, you can hardly find a person who have never heard the term “NFTs”. The phenomenon is gaining popularity, catching the attraction of different industries. Over the last few months, NFTs’ sales brought millions of dollars. Due to the fact that each token is unique, NFTs democratize the control of the content. Besides, they bring authenticity and security with the use of blockchain.

Recently, we reported that Mike Novogratz, the CEO of Galaxy Investment Partners, shared his support for NFTs. In an episode of Next with Novo podcast, he spoke on cryptos and NFTs with Devang Thakkar from the Christie’s Art + Tech Summit. The main idea regarding the NFTs was that NFTs are the future of art and tech.

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Daria is an economic student interested in the development of modern technologies. She is eager to know as much as possible about cryptos as she believes they can change our view on finance and the world in general.



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