Popular gaming platform Planet Sandbox has announced it’s Initial NFT Offering (INO) on DarePlay as the platform’s inaugural launch and later on Babylons, a popular BSC-centric NFT marketplace. The DarePlay launch will occur on November 10, with a whitelist opening on November 1 for $DNFT and $PSB holders. Babylon’s sale is slated for November 12.
DarePlay’s highly anticipated platform will offer ready-made in-game NFT marketplaces and host a wide range of NFT games. Targeting to be the universal NFT 2.0 protocol for digital assets, DarePlay solves many pain points of NFT 1.0, including many of the hidden risks around owning and transferring NFTs.
Babylon is equally impressive. As a next-gen community-governed NFT marketplace and a leading blockchain gaming aggregator on BSC, Babylon offers low gas fees, fast transactions and an easy-to-use minting platform where a user can create green NFTs, collect from amazing artists and trade their favorite gaming NFTs – all backed by a fully functional DAO fueled by $BABI tokens.
Mystery Box Sales Fuel Planet Sandbox Ecosystem
Planet Sandbox will be revealing new Mystery Boxes which will offer gamers a collection of weapons with varying rarity (5 levels), stars, and special skills. The limited special pricing means that this is the best and first chance for collectors to obtain these assets at a cheaper price than when the game is launched.
Users will be able to own and carry higher-tiered weapons into Survival PvP Mode, sell NFT weapons from the boxes on the marketplace, and even rent guns to other players. The Mystery Box sale will be exclusive to DarePlay and Babylons, where users can easily access and instantly purchase boxes at a reasonable price.
Overview of the INO on DarePlay
In total, there will be 1,500 Planet Sandbox Mystery Boxes for sale for 0.2 BNB each. Purchasers must use BNB to make the purchase. The 1,500 boxes will be divided into three pools. First, $DNFT holders (who have staked for 10 days in advance) will have access to 750 boxes with various tiers explained here. There will be a lottery system if there are more users than NFTs or spots available.
Second, $PSB holders will have access to 450 boxes based on a lottery system. Lastly, there will be a community bucket where 300 boxes will be sold on a first-come-first-served basis.
Overview of the INO on Bablyons
Slated for November 12, 2021, Babylons will offer 2,000 Mystery Boxes. Interested parties in the general sale must qualify by being existing $PSB or $BABI holders or by participating in the ongoing Gleam campaign. The listing price for each box will also be 0.2 BNB with varying requirements for each bucket.
First, 1,000 boxes will be listed for 0.2 BNB and will only be available for Bablyons community members currently holding 3,000 $BABI. Second, 600 boxes will be sold for $PSB holders as a first-come-first-served offering. Last, the 400 remaining boxes will be determined through the Gleam lottery, where 500 addresses will be chosen to enter the round.
More information about each sale can be found by following Planet Sandbox’s official social media channels.
First Mover Asia: Bitcoin Hovers Near $17.3K, but Does It Have Staying Power?
Reddit NFT mints reach all-time high, EU’s $400K Metaverse party flops and more
Reddit’ NFT minting hits new high
Reddit’s nonfungible token (NFT) collection hit another milestone on Dec. 3 with a record 255,000 of its “avatars” minted in the one day.
The new minting record beat the previous all-time highs on Aug. 30 and 31, which saw just over 200,000 Reddit avatars minted each day.
The NFTs are primarily used on the social media platform as a users’ avatar and are created by a number of independent artists that use the platform.
At the time of the collection’s launch in July, it was widely seen as a way to boost mainstream adoption of blockchain technology as Reddit shied away from using crypto for purchases of the avatars and chose to call them digital “collectibles” instead of NFTs.
With the record mint day, Reddit’s Polygon (MATIC)-based NFTs now boast around 4.4 million in circulation, according to data from Dune Analytics.
However, despite the amounts minted, Dune data shows just over 40,000 Reddit avatar NFTs have been sold since their launch, and there are around 3.7 million holders of avatars indicating that most choose to hold onto their NFT.
The sales volume of the collectibles recently hit an all-time high of $2.5 million on Oct. 24 across 1,991 buyers.
Some of the rarer Reddit NFTs have seen premium prices on secondary NFT marketplaces such as OpenSea with some of the most expensive selling for over $300, while the platform’s own marketplace sees prices of around $50.
EU went all out on a Metaverse party, barely anyone came
The European Union’s (EU’s) foreign aid department is understood to have dished out nearly $408,000 (€387,000) on a metaverse and hosted a party on Nov. 29 to celebrate, but only six people reportedly turned up.
Devex reporter Vince Chadwick tweeted a video on Nov. 29 showing his metaverse avatar attending the “gala” and said “after initial bemused chats with the roughly five other humans who showed up, I am alone.”
I’m here at the “gala” concert in the EU foreign aid dept’s €387k metaverse (designed to attract non politically engaged 18-35 year olds — see story below). After initial bemused chats with the roughly five other humans who showed up, I am alone. https://t.co/ChIHeXasQP pic.twitter.com/kZWIVlKmhL
— Vince Chadwick (@vchadw) November 29, 2022
“Is anybody out there?” reads one of the messages on the screen in the video. “The concert is just the same DJ spinning the same music,” another message says.
The EU-crafted metaverse was made to promote it’s “Global Gateway” initiative that aims to develop and build infrastructure in developing nations.
The metaverse, seemingly also named “Global Gateway”, was quietly launched in mid-October with a “depressing and embarrassing” promotional video according to an anonymous EU foreign aid department staff member that spoke to Devex.
Discover the new #GlobalGateway digital platform – https://t.co/DHAdsfwbA1
— EU International Partnerships (@EU_Partnerships) October 13, 2022
According to an EU spokesperson the target audience for its metaverse is 18 to 35 year olds “who identify as neutral about the EU and are not particularly engaged in political issues,” and the promo video was “to intrigue that audience, primarily on TikTok and Instagram” and encourage them to engage with the campaign.
TimeX ‘Goes Ape’ with the BAYC
Watch manufacturer TimeX said on Dec. 1 it’s partnered with the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFT projects to create custom watches.
TimeX is creating 500 physical watches and matching “twin NFTs” that will allow Bored and Mutant Ape holders to customize a watch including its case, strap and etchings while, of course, featuring the owners’ NFT on the watch face.
We’re going bananas over the launch of our first customizable physical, digital and phygital timepiece in partnership with @CryptoVonDoom, @beijingdou, @Zeneca_33 @JulianGilliam, @TheMiamiApe, @TheeHustleHouse, @daz3d @Metabrands_pro and the @BoredApeYC community.
A Thread pic.twitter.com/sL2YPyNnwf
— Timex (@timex) December 1, 2022
The watches will be gated behind an NFT at the cost of 2 Ether (ETH), or around $2,500, with BAYC and MAYC holders then able to use the NFT to create a watch from mid-December that will ship in in the second quarter of 2023.
NFT sales increase for first time in 7 months
U.S. dollar-denominated NFT sales have managed to jump 16% in the month of November, bucking more than seven months of decline, according to data from Cryptoslam.
In November, NFT sales amounted to $534 million, up from October’s nearly $460.4 million.
It was the first month since April that NFT sales increased, January saw record NFT sales totaling $4.7 billion, while October was the slowest sales month in 2022.
Related: How NFT court summons could change the legal landscape
The increase in November is likely due to high-priced NFT sales, such as two BAYC NFTs that sold for close to $1 million each on Nov. 23 and 24.
Cryptoslam data shows over the past 30 days the top three NFT collections were BAYC, MAYC and Otherdeeds — all Yuga Labs-owned projects. The top BAYC collection has seen 30-day sales increase by 89.5% indicating that high-priced NFT sales could have driven November sales up.
Meanwhile, total transaction volume between October and November saw a 17.6% decrease.
More Nifty News
Internet browser Opera has created an NFT minting tool that allows users the ability to drag and drop media files into its application which will turn those files into NFTs by writing a smart contract and uploading them to a blockchain.
Coinbase has slammed Apple over the firm blocking the latest release of its crypto wallet app. Coinbase says Apple wanted it to disable NFT transactions until it could “collect 30% of the gas fee,” something Coinbase says is “clearly not possible” as Apple’s system “does not support crypto so we couldn’t comply even if we tried.”
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