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On the Solana blockchain, the blue chip NFT market also experienced declining prices since mid-August, with sales down 52% compared to the previous month. Collections such as Mad Lads, The Heist, SolCasino.io, and Famous Fox Federation saw larger declines in sales. Only the Okay Bear collection showed an increase in sales volume by 3.65%. The overall situation on Solana was not positive, with investors shifting to less speculative asset classes.
Where it was copied fromParaphrased using this articlehttps://en.cryptonomist.ch/2023/08/24/sharp-price-decline-for-blue-chip-nft/These are matches between the text of the post and the article.
CopyYat Siu, the founder of Animoca Brands, believes that the future of transactions will be dominated by autonomous AI agents using cryptocurrency. He predicts that as much as 70-80% of transactions will be conducted by AI agents, given the decentralized nature of crypto. Siu sees the rise of Web3 and decentralized applications as the driving force behind the adoption of cryptocurrency as the preferred medium of exchange.
The growing interest in AI has been fueled by developments such as OpenAI’s ChatGPT and the introduction of WorldCoin by OpenAI’s CEO Sam Altman. These ventures have showcased the possibilities at the intersection of AI and crypto, garnering attention worldwide.
Animoca Brands, a prominent player in the blockchain and NFT industry, continues to invest in Web3 innovations. The company recently invested $30 million in the Web3 payment application, Hi, and has a diverse investment portfolio comprising approximately 450 Web3 startups. Siu identifies Asia and the Middle East as potential epicenters for the next phase of Web3 expansion, recognizing the groundwork laid by countries such as Hong Kong, Singapore, Japan, and the United Arab Emirates.
Siu also maintains optimism about the NFT market. While the US market may exhibit skepticism, Asia and the Middle East remain positive about NFTs. Siu points to the maturity of the NFT market and its consistent growth in participants, with monthly volumes of around $1 billion. He believes that NFTs will continue to grow in relevance and influence, asserting their increasing utility in managing digital properties.
Where it was copied fromParaphrased using this articlehttps://nftnewstoday.com/2023/08/23/animoca-brands-vision-yat-siu-sees-ai-crypto-transactions-and-nfts-beyond-the-hype/These are matches between the text of the post and the article.
CopyMcDonald’s Singapore has launched a promotion in which it is giving away collectible NFTs featuring its iconic character, Grimace. The NFTs are developed on the Polygon blockchain and can only be obtained through the McDonald’s mobile app in Singapore. The promotion is in response to the Grimace Shake trend on TikTok, where users create their own versions of the popular purple milkshake. McDonald’s has collaborated with cryptographic infrastructure startup Bandwagon Labs and local NFT artist, The Hidden Walls, to develop the NFTs. The chosen blockchain, Polygon, uses a “soulbound” formula, which means that the NFTs cannot be transferred or traded once they are minted. This ensures that the collectible NFTs from McDonald’s cannot be resold in the secondary market.
To participate in the promotion, users in Singapore need to use a crypto-wallet such as MetaMask or a service like Web3Auth, which allows login with a social media account to create a wallet. Drina Chee, McDonald’s Singapore senior director for Marketing and Digital Customer Experience, expressed excitement about bringing Grimace closer to fans through these unique digital collectibles.
In a separate initiative, McDonald’s in Hong Kong recently partnered with The Sandbox (SAND) metaverse to create a Web3 experience. To celebrate the 40th anniversary of Chicken McNuggets, McDonald’s created a virtual playground called McNuggets Land, where users can explore the 40-year history of McNuggets and engage in various online and virtual activities. Participants have a chance to earn digital and physical prizes, including 100,000 SAND tokens. Eligible users in Hong Kong can also win shared coupons worth 10,000 McNuggets and even a full year of free McNuggets for 10 lucky winners.
Where it was copied fromParaphrased using this articlehttps://en.cryptonomist.ch/2023/08/21/mcdonalds-singapore-gives-nfts-developed-polygon/These are matches between the text of the post and the article.