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Cointime March 17th News Express

1.Derivatives trading platform D2X completed US$10 million in Series A financing, led by Point72 Ventures2.6 wallets received ARB from the vesting contract and deposited 8.95 million ARB to Binance3.BOME TOP1 holders will sell 190 million BOME for the first time, making a profit of US$3.76 million4.Manta Network joins hands with ether.fi to launch the first phase of Restaking Paradigm, staking ETH to earn double EtherFi airdrop points5.A giant whale took out 1,000 MKR from Aave and sold them in batches, worth $2.88 million6.Bitcoin fee income was only about $20.3 million this week, a drop of more than 33%7.BOME Token Price Surge Reflects Cryptocurrency Market Dynamics8.ETHVietnam anonymous MACI voting is officially launched. This is the first time aMACI voting technology has been used in a large-scale encryption event.9.Bitcoin Whales Withdraw Massive BTC Reserve From Exchanges, Impacting Bitcoin Price Surge10.USDC circulation increased by 1.3 billion in the past 7 days

Founder of Animoca Brands Believes NFTs Can Revolutionize Digital Capitalism and Address Financial Inequality

Yat Siu, the founder of Animoca Brands, believes that NFTs have immense potential to transform industries such as rights management and education, and can play a major role in addressing global financial inequality and promoting financial literacy. Siu argues that the current lower valuations of NFTs indicate a healthier, more genuine interest in the technology’s utility. He also emphasizes the need for legal frameworks, specifically in the U.S., to evolve and fully support this vision. Siu's optimistic vision of NFTs as a tool for digital ownership and financial opportunities could be crucial in disrupting the multi-billion dollar industry of rights management and content delivery. However, the industry still faces regulatory challenges from bodies such as the SEC.

Animoca Brands Japan has purchased a stake in Cool Cats Group and its NFT

Animoca Brands Japan and Animoca's KLKTN subsidiary have announced a strategic partnership with Cool Cats Group and purchased the latter's equity to expand the Japanese anime market in a web3 manner. Additionally, the KLKTN digital experience brand has purchased all three series of Cool Cats NFTs from the secondary market. The purchase of NFTs was made through KLKTN's virtual "decentralized city" called "San Francisco Tokyo," which focuses on licensed anime and web3 intellectual property.

"The Simpsons" NFTs Sell Out for $60 Each Before Being Mocked in Latest Episode

Disney and VeVe released two NFTs of "The Simpsons" characters, Bart and Homer, in November 2021. The NFTs were sold for $60 each and were described as a "special addition to any collector's showroom." The NFTs were part of the Disney+ Gold Moments collection and came with a 3-month subscription to the streaming service. In a recent episode of "The Simpsons," the show mocked NFTs, but the NFTs offered by the show sold out and generated over $1.1 million in revenue.

Mintable CEO: UK risks regulating NFTs in the wrong way

Zach Burks, CEO of Mintable, stated that the UK government is facing the danger of regulating NFTs in a way that does not align with the essence of emerging technologies. Burks believes that a recent report by the UK parliamentary committee greatly exaggerates the role of NFTs in copyright infringement and fails to recognize that they are more than just unstable digital images.

Mmerch: The Futuristic Fashion Line Powered by AI and NFTs

Fashion enthusiast Colby Mugrabi is set to launch a new clothing line called Mmerch next year, which will incorporate AI and blockchain technologies to create unique, tech-savvy hoodies. The line will feature 960 limited-edition hoodies with six key components, ten contrasting prints, and two materials, all crafted through the use of generative algorithms. Each hoodie will be connected to a non-fungible collectible, granting access to a physical version for everyday wear, and will come equipped with a QR code that acts as a gateway to an NFC chip. The line aims to offer fashion items with extra value that extends beyond the point of purchase, setting a high standard during a time when economies of scale confine conventional manufacturing workflows.

Trendy brand Maison Margiela launches gamified Web3 coin minting experience

Parisian fashion brand Maison Margiela has launched a gamified Web3 coin casting experience based on its famous numbering system for its physical collection. The series has been launched on OpenSea, with 24 NFTs related to tokens available for users to purchase, numbered from 0 to 23. According to the brand, this activation "will lay the foundation for Maison Margiela's future Web3 community."
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Yuga Labs Completes Restructuring, Focuses on Developing Otherside Metaverse Extension and Supporting Existing Communities

Yuga Labs CEO Daniel Alegre has announced that the company's restructuring is now complete and the team will focus on developing its metaverse extension, Otherside, while also supporting existing communities. Alegre addressed concerns and feedback from Yuga Labs' various NFT communities after the company announced a restructuring and staff cuts earlier this month.

Theta Labs partners with Pet Collective to launch free NFT

Theta Labs has partnered with Pet Collective to release free NFTs, allowing fans to access exclusive content. Pet Collective has attracted a group of followers for over a decade by publishing interesting pet videos on YouTube and TikTok, with approximately 5 million subscribers. With the help of Theta, Pet Collective provides an unlimited number of NFTs to anyone who wants to access exclusive content. Pet Collective hopes that the release of NFTs will establish a stronger relationship with its super fans, paving the way for expanding other content operation platforms beyond YouTube and TikTok.
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South Korean Gaming Firm NHN to Develop Crypto Games on Sui Blockchain

South Korean tech company NHN's gaming division has announced that it is developing crypto games using the Sui blockchain. NHN has previously developed social casino games and mobile titles with over 37 million total users. The company plans to develop digital board games that leverage NFTs, although it has not yet solidified exactly how it will add NFTs or crypto tokens into upcoming games. NHN chose Sui for its upcoming NFT and crypto games because it wants to build on a layer-1 blockchain, and Mysten Labs, the main developer behind Sui, immediately understood NHN’s long-term vision for crypto gaming.