Adidas /// Studio (also known as Triple Stripes Studio) has launched a Web3-based digital artist-in-residence program to showcase and support up-and-coming creators in the NFT space.
Announced on August 31, the program will officially launch on September 4 with a series of online and in-person events running through September 11.
adidas /// Studio is proud to announce the global launch of “RESIDENCY by adidas” – the brand’s first digital artist-in-residence program! pic.twitter.com/He0LAEUzQA
— ALTS for adidas (@altsbyadidas) August 31, 2023
According to the program’s website, its purpose is to collaborate with up-and-coming artists and provide “digital artists with a creative avenue to further connect with the brand and its passionate community of collectors and connoisseurs.”
Adra Kandil, also known as Dearnostalgia and Moto (Monkeemoto) have become the program’s first two artists-in-residence, and will hold two public and two limited-edition NFT art auctions starting September 6.
Dearnostalgia blends photography, typography and digital montage to create their work, while Moto’s work revolves around digital illustration, fashion, landscapes and games.
The open edition NFTs are priced at 0.03 Ethereum (ETH) each, or $49 at the current price, while the limited editions are priced at 0.15 Ethereum (ETH), or $245.
Triple Stripes Studio is part of Adidas’ Web3 division ALTS by Adidas, roll out Backed the German sportswear giant’s Web3 initiative in January.
Yuga Labs prepares to launch new game on Otherside
Yuga Labs, creators of the Bored Ape Yacht Club, announced on August 31 that it will launch an open beta of Legends of the Mara (LoTM), based on the Otherside virtual universe, later this month.
Next month we’ll be releasing a public beta of LoTM – and more to come.we have worked together @farawaygg And is doing a major expansion in Unity. But we now want to get an early version in the hands of the community so you can play the game and provide feedback while we continue to build. https://t.co/g97MF6f3m8
— Othersidemeta (@OthersideMeta) August 30, 2023
LoTM will expand on the story behind the Otherside by introducing a new enemy in the metaverse called “The Shattered,” while also providing more background on existing NFT Koda characters.
Although Otherside is a 3D virtual world, Yuga describes LoTM as a collection-based 2D strategy game that offers users the opportunity to utilize the virtual land to earn rewards and new NFTs.
The company also said that the game will continue to evolve over the coming months in an effort to achieve a full release.
Mutant Ape Receives 500 ETH Despite Price Drop
In other Yuga-related news, the Mutant Ape Yacht Club (MAYC) NFT was sold on Sept. 1 for 500 ETH ($817,000).
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The NFT in question is MAYC NFT #30002, which is the only token in the collection that features a Mega Zombie. Snapped up by NFT whale and Taiwanese music personality Jeffrey Huang, aka MachiBigBrother.
Despite its rarity, the MAYC reserve price is currently around 5.2 ETH ($8,500), which is certainly an eye-catching auction considering Yuga Labs’ NFT project has been facing a sharp decline in 2023.
NFL NFT trading volume surged 570% throughout the day
According to CryptoSlam, Dapper Labs’ NFL All Day program saw NFT transaction volume surge 570% over the past seven days.
The 570% increase marked the largest increase in transaction volume among the top 20 NFT items sold in the past week, with an NFL ALL Day NFT worth approximately $976,000 changing hands.
While it’s hard to pinpoint the exact reason for the surge in interest, the next NFL season is about to start on Sept. 7, and NFL All Day recently rolled out a novel feature for its tokenized player highlight NFTs.
On Aug. 26, the project launched “dynamic” NFTs, which are gradually updated or evolved to showcase players’ best highlights from the new season, adding additional layers or interactivity with tokens.
What’s New for the 2023 Season
Your favorite NFL players are ready to take the league by storm – and this year, you can share in the glory.
Introducing dynamic player moments.
— NFL All Day (@NFLALLDAY) August 25, 2023
Other exciting news
Lufthansa, one of Europe’s largest airline groups, has launched an NFT loyalty program on Polygon Network. The program will allow passengers to convert their trips into NFTs, unlocking rewards like miles and business lounge coupons.
TinyTap, the educational technology subsidiary of Web3 developer Animoca Brands, announced on Aug. 30 the integration of a new artificial intelligence NFT tool aimed at educators and parents.
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