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NFTs

NFTs of Trump photos highlight the arrival of crypto in the campaign

TokenTalk Staff

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NFTs of Trump photos highlight the arrival of crypto in the campaign

Hannah Miller and María Paula Mijares Torres | Bloomberg

This year’s resurgence of cryptocurrency markets has made digital assets a hot topic in the campaign ahead of the US elections in November, and the political battle lines are becoming much sharper.

Donald Trump has staked out favorable terrain for crypto – including by selling non-fungible tokens inspired by his photo – after President Joe Biden’s administration became a scourge of the industry famous for its many high-profile scams and blowups.

However, despite all the rhetoric and around $85 million in donations to crypto-oriented political action committees, many experts are skeptical that any of these measures will have much influence at the polls. Ultimately, voters simply don’t care enough about the issue for it to influence them in a meaningful way, according to Lonna Atkeson, a political science professor at Florida State University.

“For most people, Bitcoin isn’t even on the radar,” said Atkeson, who serves as director of FSU’s LeRoy Collins Institute. For those who own cryptocurrencies, they may view it simply as an investment rather than a political statement, she added.

Regardless, Bitcoin and other digital assets have emerged as talking points alongside other hot-button issues such as inflation, abortion, and the wars in Ukraine and Israel.

Take the case of Donald Trump, who threw his full support behind the industry last week on a day off from court in his silent trial, when he hosted a gala for fans who purchased at least 47 NFTs from his MugShot collection. Those who made the bulk purchases even received a physical trading card containing a fragment of the suit the former president wore when he was booked following his August indictment on election racketeering charges.

Meanwhile, other politicians such as independent presidential candidate Robert F. Kennedy Jr. and Texas Republican Senator Ted Cruz are making appearances on the crypto conference circuit.

And after nearly four years of contentious relations between President Biden’s administration and the industry, political action committees are raising donations and spending them on ads targeting anti-crypto politicians.

A crypto group with about 440,000 members launched a PAC called Stand With Crypto on Friday. It joins three crypto super PACs — Fairshake, Defend American Jobs and Protect Progress — that have raised about $85 million between 2023 and 2024, according to a Bloomberg analysis of Federal Election Commission data.

Deep-pocketed cryptocurrency donors scored an early victory in March when Democratic Rep. Katie Porter lost the California Senate primary election after a series of attack ads and get-out-the-vote efforts.

However, it is debatable how much credit cryptocurrency donors deserve for this outcome. Porter was at a significant disadvantage from the start, as he ran against experienced “celebrity candidate” Rep. Adam Schiff, according to Dennis Kelleher, executive director of the financial reform nonprofit Better Markets. Schiff has been in Congress since 2001 and was the lead impeachment manager in Trump’s first impeachment trial. Kelleher called the crypto lobby’s victory lap in that race “laughable.”

Attack Ads

An attack ad against Porter paid for by Fairshake didn’t even mention her anti-cryptocurrency stance, focusing instead on where she was receiving campaign donations.

“Obviously, these commercials didn’t think Bitcoin was the big game changer or they would have accepted it,” Atkeson said.

Still, skepticism regarding crypto’s influence at the polls is far from universal among political and market observers. Campaign dollars spent by PACs will continue to make crypto a part of the conversation, according to Strahinja Savic, head of data and analytics at FRNT Financial.

“We will only see more crypto this US election cycle, not less,” Savic said.

And unlike previous elections, millions of people involved in the industry are likely to vote in the next presidential race, said Campbell Harvey, a finance professor at Duke University.

‘This time is different’

“If you asked this question four or eight years ago, I would have said this is a really niche space and there is no story here,” he said. “But this time is different.”

Industry research has found that one in five voters in swing states care about crypto policy and there actually is such a thing as a “crypto voter,” according to Kristin Smith, CEO of the trade group Blockchain Association. And the fact that younger candidates are more interested in the topic could mean greater political focus on crypto in the future, she added.

“What we are seeing in some swing states where the presidential election is very close, or even in some Senate races, is that when such a small number of voters are intended to change the election, the position of the candidate has in the politics of encryption takes into account a significant number of people,” she said.

For Kelleher, at cryptocurrency critique group Better Markets, there is another significant number of people to consider: all voters who have been turned off by the long list of crimes and scandals associated with the asset class.

“It’s hard to believe that many people will conclude that voting for a bunch of criminals and predators is somehow in their best interest,” he said.

___

With help from Bill Allison.

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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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NFTs

Konami and Avalanche unveil Resella NFT platform.

TokenTalk Staff

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Fantasy Top Rebounds Above $1 Million to Lead Daily NFT Sales

Konami Digital Entertainment has joined forces with the Avalanche blockchain to launch Resella, a new platform that aims to streamline non-fungible token (NFT) operations.

Launched Thursday, this collaboration aims to improve Web3 services and expand the reach of blockchain technology to a wider audience.

Resella, which facilitates transactions in Japanese yen, is initially focused on the Japanese market, with the vision of extending its services across the world, simplifying entry into blockchain for newcomers.

The partnership leverages Avalanche’s Subnet technology and Ava Labs’ AvaCloud service to ensure efficient and free operations to position Resella as a competitive NFT marketplace.

Konami, a leading company in the gaming industry with popular titles like Metal Gear and Silent Hill, is taking a step towards merging traditional gaming with the Web3 space.

Resella aims to transform existing platforms and create new social interactions, such as using game-based NFTs to access events or unlock special content.

While the gaming industry is increasingly adopting Web3 technologies, with initiatives like Ronin’s new infrastructure, some companies, like GameStop, have backed away from NFT projects.

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NFTs

What is grass AI? The data layer of AI

TokenTalk Staff

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What is grass AI?  The data layer of AI

What is grass?

Developed as the first product of Wynd LaboratoriesGrass aims to democratize and decentralize Internet resources and ensure fair compensation for everyone.

Through its Chrome extension and mobile app, Grass offers a decentralized residential proxy marketplace, allowing users to leverage their unused bandwidth to gain a share of the web scraping needed to build AI, creating a more robust Internet ecosystem. equitable.

Grass is also developing proprietary datasets and AI models that contribute to the decentralization of AI as a whole, with the goal of making the vast knowledge of the Internet open source and accessible.

Furthermore, Grass aims to play a direct role in analyzing unstructured web data into a format that large language models (LLMs) can train from, making this data accessible through APIs and transforming the Internet into an open source of knowledge. accessible and structured. base.

Grass’ ultimate goal is to become the foundational layer for the decentralization of AI, contributing to the creation of a global, open-source repository of human knowledge.

Source: Grama

How does grass work?

Available through a Chrome extension or mobile app, Grass collects your unused bandwidth and uses it to help power the web scraping needed to AI develop, train and improve.

Crucially, it does this by only leveraging bandwidth you’re not using, meaning you’ll not only be rewarded for being part of the AI ​​ecosystem, but you won’t experience slowdowns in the apps and services you use.

By using Grass, users earn Grass Points. They can be converted into network property, which can then be sold to verified companies for uses such as web scraping and market research using cryptocurrency as a means. Additional payment methods are being explored, such as fiat options via PayPal, gift cards, and the ability to participate in network governance.

Grass takes a firm stance on safety. The app collects basic information such as uptime, IP address connections, sign-up emails, and passwords, but does not access any personal information on users’ devices.

As an example of their scraping prowess and the sheer power of shared bandwidth thus far, the Grass team wiped out the entire blog hosting site Medium in the space of two days, totaling tens of millions of articles and a word count that probably be in the tens of billions.

Source: Grama

What has Grass achieved so far?

Grass entered beta in June 2023 as a Chrome extension and launched a referral program to reward early adopters with additional Grass points.

The Grass Mobile app launched in August 2023, allowing users to earn Grass Points 24/7 – as long as they are connected to WiFi or 4G/5G services.

Rapid growth followed, reaching tens of thousands of signups per day by December 2023. This led to a $3.5 million seed round led by Polychain and Tribe Capital, and including angel investors such as Sami Kassab of OSS Capital and Kunal Goel of crypto research firm Messari.

That same month, Grass partnered with Solana Saga cell phone, launching its Grass Mobile app in the Saga dApp storeand exposing Grass to the Solana ecosystem and the eyes of the crypto world at large.

Fast forward to yesterday (June 19), Grass announced that not only is it expecting an influx of new users soon due to “certain reasons“, but they are also launching the Grass App Store, a variety of free apps – the first being the Grass Community Node – that allows users to help test new features while receiving a multiplier from their Grass score.

The Grass team is currently partnering with AI labs and other projects that believe in their cause, and are looking to develop applications beyond AI training, such as market analysis tools, advertising optimization tools, financial insights tools and a variety of other applications. for industries where data-driven decision-making can be improved by access to the public data that AI provides.

Source: GigaBuds

What is GigaBuds?

Last week, according to industry sources, Grass announced plans for an NFT collection for a small group of his most loyal and long-time supporters as a token of his appreciation – ahead of the proposed token launch, expected to arrive in mid-August.

This echoes a tweet published by the enigmatic GigaBuds account on The account has posted several character-based teasers over the past week, inferring that some sort of character-based, narrative-driven NFT collection is coming to Grass.

Our sources indicate that GigaBuds is the name of this NFT collection, and that these NFTs will play a key role in Grass’ future growth, with a number of benefits and utilities available to holders.

A select group of Grass users were invited to participate in a pre-sale held last week, which sold out within minutes.

Additional information about the GigaBuds is not yet known – although with Grass teasing a major update that will result in a “huge influx of new users soon”, we believe it won’t be long before everything is revealed.

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Will Konami’s Avalanche NFT Gambit, Resella, Revolutionize Gaming or Make Money?

TokenTalk Staff

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Will Konami's Avalanche NFT Gambit, Resella, Revolutionize Gaming or Make Money?

On Thursday, one of Japan’s biggest game developers and publishers, with a 21% market share – Konami Digital Entertainment, the brains behind beloved franchises like “Metal Gear Solid” and “Silent Hill,” announced a strategic move into the world of non-fungible tokens (NFTs) with the launch of its new platform, Resella. Built on the Avalanche subnet and supported by Ava Laboratories‘ AvaCloud Web3 launchpad service, Resella aims to streamline NFT integration for video games and other applications.

While some gamers remain skeptical about the technology’s potential impact on gameplay, others see it as an opportunity to unlock new avenues for creativity and monetization.

Here’s a summary of what we know so far about Resella and its potential implications for the Web3 Games industry.

Resella: An Easy-to-Use NFT Marketplace

Konami promises a user-friendly experience with Resella, eliminating the need for complex crypto wallets or cryptocurrency transactions. The platform will allow domestic users to transact in fiat currency (such as the Japanese yen), with plans for global expansion.

Avalanche, known for its high throughput and low latency, offers a perfect playground for Konami’s ambitious plans. Resella is poised to leverage Avalanche’s technology to create and manage NFTs and bypass gas fees, which is a big problem for NFT enthusiasts.

According to the announcement, Resella will feature exclusive digital collectibles related to its popular gaming franchises. These collectibles will include in-game assets, memorabilia, and exclusive content that players can buy, sell, and trade. NFTs (Non-Fungible Tokens) will be minted on Avalanche to guarantee their authenticity and rarity.

Konami’s entry into the NFT market indicates a broader industry trend where gaming companies are exploring blockchain to increase user engagement and revenue streams.

For example, Assassin’s Creed creator Ubisoft is set to release its first original blockchain game, Champions Tactics: Grimoria Chronicles, this year. They have also launched other blockchain projects and collaborated with several networks in recent years. Square Enix, the minds behind Final Fantasy, released an Ethereum-based narrative game called Symbiogenesis in late 2023 and has pursued other blockchain initiatives.

Likewise, Sega has incorporated some of its franchises into Web3 through collaborations. This growing interest from major players suggests that NFTs and blockchain technology have the potential to significantly impact the gaming landscape, but the reception from gamers remains to be seen.

Konami’s vision of a broader NFT ecosystem

Konami sees Resella as more than just an NFT marketplace. The platform is designed to be an infrastructure solution, allowing companies to create and integrate NFTs seamlessly into their applications. This could revolutionize how players interact with in-game items, offering exclusive ownership and fostering new communities.

The Skeptics’ Corner: Concerns About Pay-to-Win

The announcement was met with a healthy mix of widespread interest and speculation. The gaming community has its reservations, as is to be expected. A significant concern is the potential for NFTs to exacerbate the dreaded “pay to win” model, where players who spend more real money gain a considerable advantage. Furthermore, the environmental impact of blockchain technology is a growing concern and NFTs are no exception.

However, experts suggest that Konami’s move could pave the way for other major gaming companies to explore blockchain technology. The success of this initiative could potentially lead to a paradigm shift in the way digital assets are perceived and used in games.



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Konami Leverages Avalanche to ‘Resella’ Yen-Based NFT Marketplace

TokenTalk Staff

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Konami Leverages Avalanche to 'Resella' Yen-Based NFT Marketplace

Resella will comprise a centralized NFT marketplace that supports payments in the form of Japanese yen.

Konami Digital Entertainment, the famous Japanese game developer and publisher, is the latest mainstream gaming company to adopt non-fungible tokens.

On June 20, Konami announced that it will launch an NFT marketplace centered on Avalanche, the 11th largest smart contract network by total value locked (TVL).

Konami’s upcoming NFT marketplace Resella will allow users to create, launch and trade non-fungible tokens without using a web3 wallet. The marketplace will be deployed as a subnet of Avalanche.

Resella is adapted for the Japanese market and will support settlement of transactions using Japanese yen.

“Resella eliminates the need for users to open an external Web3 wallet or engage in complex cryptocurrency transactions, thus potentially reducing barriers to entry,” said Konami.

Konami intends to integrate traditional companies and brands with an emphasis on gaming into the NFT sector with Resella. Konami said developers can create NFTs tied to game environments that unlock special in-game content or act as event tickets.

Konami Digital Entertainment is the company behind major gaming franchises including Metal Gear, Silent Hill and Castlevania.

Konami’s entry into the web3 sector could serve as a boon for Avalanche’s NFT ecosystem.

NFT sector struggles

Data from Dapp Radar shows just two NFT collections driving sales in the last 24 hours, with Castle Crush NFTs generating $440 in trades and OG Thor tokens representing just $25 in trades.

CoinGecko estimates that Avalanche-based NFTs represent a market value of $27.3 million, paling in comparison to the $6.8 billion worth of non-fungibles on Ethereum.

However, many leading Ethereum collections have suffered recently heavy drawdowns as Blur’s third season of incentives comes to an end. Four of the five biggest collections by market value posted losses between 24% and 33% last month, according to NFT Price Floor.

Avalanche AVAX token is up 3.58% in the last 24 hours but is down 32% in the past month, according to The Defiant’s crypto price feeds.

Related: Citi Leverages Avalanche for Institutional Tokenization Tests

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