Crypto Roundup

This is the LuxFi Crypto Roundup, a quick collection of the top crypto stories and blockchain news worldwide, encompassing trends across industries.

It’s been a wild one so far.

Let’s have a look at what news made waves this week in crypto, defi, NFTs and blockchain.

Top News

1. Yuga Labs sale of virtual land crashes Ethereum; OpenSea Now Accepting ApeCoin, sets a new daily trading record with $476M (on Ethereum)

2. Coinbase NFT sales top 100K in daily sales volume

3. Gucci is Launching a Vault Project for Customizable NFT PFPs

4. rLoop DAO Launches $RLP token

5. Naomi Osaka now a Global Ambassador for FTX

Bonus Reads

6. Major Takashi Murakami Exhibition Fuses Virtual and Physical Artworks

7. Crypto is winning and bitcoin diehards are furious about it

1. After crashing Ethereum, Yuga Labs apologizes, plus ApeCoin now accepted by OpenSea

Yuga Labs, the company behind Bored Ape NFTs, has apologized for inundating the Ethereum blockchain network with an overload of gas-heavy transactions used to process their latest token offering, Otherdeeds. It was the largest NFT mint in the history of the network. NFT Marketplace OpenSea announced they are now accepting ApeCoin as a payment method ($APE is the original token offering of Yuga Labs. Sale of Otherdeeds NFTs pushed OpenSea daily sales to a new record of $476 million USD.

2. Coinbase NFT sales top 100K in daily sales volume

Coinbase NFT Marketplace is still in (closed) beta, however that did not stop it from processing over 900 transactions since its launch last week and topping over $100 million USD in daily sales. Most users on the new platform look to be well-known, US-based NFT Twitter influencers and creators, who are officially “verified”. Nearly 4 million users are still on the waitlist.

3. Gucci is Launching a Vault Project for Customizable NFT PFPs

Luxury fashion brand Gucci is at it again, diving into the Metaverse in style with their drop of 10KTF Gucci Grail personalized virtual garments. Teaming Wagmi-san with Alessandro Michele, ad hoc outfits and accessories are now available in the digital shop 10KTF Gucci Grail.

The PFPs (Picture for Proof) are NFT versions of profile photos which collectors may use as their self-portraits; Wagmi-san used popular series for dress the PFPs, including Bored Ape, Cool Cats and World of Women.

Find the Gucci Grail 10KTF collection on OpenSea.

4. rLoop DAO launches $RLP token

The rLoop DAO just released their governance token, $RLP on the Avalanche blockchain network. The rLoop organization is SpaceX’s key prospect for leading the construction of a future HyperLoop train network; rLoop is a global collective of engineers, designers and technologists who gathered using Reddit and who won the 2016 SpaceX competition called Hyperloop.

Hyperloop is a high-speed transportation system initially proposed by Elon Musk, the CEO of SpaceX & Tesla and billionaire who recently bought a majority stake in Twitter. Hyperloop uses pods being propelled at high speeds through a controlled environment via sustainable, cost-efficient energy.

“Imagine a world where you can travel from Los Angeles to San Francisco in 30 minutes, or from London to Manchester in 15 minutes. Suddenly you could live anywhere, work anywhere, and visit anywhere.”

A full analysis of the $RLP token can be found here and a video overview of the project found here.

5. Tennis Star Naomi Osaka is now a Global Ambassador for FTX Crypto Exchange

Four-time Grand Slam champion Naomi Osaka has signed a long-term partnership with cryptocurrency exchange FTX. She will act as a Global Ambassador, obtaining an equity stake in FTX Trading Limited. Her duties will focus on bringing women onto the platform and into the future of Web3. Osaka is a dedicated activist and entrepreneur; she will now wear the FTX logo during competitions.

FTX, one of the largest centralized crypto exchanges in the world, most recently employed NFL superstar quarterback Tom Brady and Seinfeld creator Larry David as promoters, as well as featured a prominent crypto ad at the SuperBowl.

Bonus Reads

Takashi Murakami Exhibition in NYC Merges Virtual and Physical Art

Artist Takashi Murakami’s work is soon to launch at a NYC exhibition at Gagosian. Iterations of Takashi Murakami’s Clone X NFT collaboration with RTFKT has skyrocketed, with values of over 14ETH at time of writing. Gagosian also announced it will begin accepting crypto as payment at its galleries.

The “An Arrow through History” exhibition at Gagosian’s New York City galleries is launching, plus ​​“Takashi Murakami: Stepping on the Tail of a Rainbow”. Be sure to check out the Murakami.Flowers NFT collection.

The physical and digital are indistinct for Murakami:

“When I work on a creative production, I make no distinction between digital and analog. I’m always working in the context of contemporary art, and that context is all about whether I can be involved in events that manage to trigger a cognitive revolution.”

Crypto is winning and bitcoin diehards are furious about it (The Verge)

“It seems like a lot of people came to Miami not for the conference but for the party scene — specifically, the NFT party scene. The current interest in NFTs and Web3 highlights Bitcoin’s inflexibility. This isn’t the first time that Bitcoin appeared to be outpaced by other blockchains and coins — in 2017, there was an “initial coin offering” craze that ended badly for a lot of people. It’s possible Web3 will crash in similar fashion, and Bitcoin will be left standing.

But the tension between crypto writ large and Bitcoin itself wasn’t the only thing that made Bitcoin 2022 so strange. There was also the intra-Bitcoin conflict between those who want mainstream adoption and those who want to overthrow banks, even governments.”

Read the story.

About LuxFi

LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.

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