Hey frens,

Happy Tuesday, and happy Korea Blockchain Week to all attending. We’re getting ~spooky~ in this edition, with giant spheres, law suits, and zombies on-chain.

Let’s get it.

📈📉Biggest Changes in Floor Price (7days)

Digital Collectibles Market Movements: It’s no surprise that Deadfellaz is PUMPING given the news this week! We won’t spoil it for you here - read on to find out what the DFZ team is up to.

🌚Full Moons -From ‘Synthetic Dreams’ to NFT Nightmares

Refik Anadol “The Sphere” Premiere Skyrockets NFT Collection!

Refik Anadol's NFT art is on fire! His latest collection is up 100% in just 30 days, trading at 8.49 ETH. But that's just the beginning.

• His NFTs, including "Winds of Yawanawa" and "Synthetic Dreams," are skyrocketing thanks to the buzz around his AI artwork premiering on the massive Sphere LED screen in Las Vegas.

• "Winds of Yawanawa" saw a mind-blowing 505% surge in trading volume in just 24 hours, and "Synthetic Dreams" isn't far behind with a 100% rise.

While the masterpiece spectacle won't be an NFT, it's sparking excitement among collectors, driving them to explore Anadol's other NFT gems. It’s like the frontrunner ad for all his previous work! Discover the art market's hottest trends and Refik Anadol's remarkable journey in the world of NFTs.

SEC Charges NFT Project Impact Theory

The US Securities and Exchange Commission (SEC) has taken a bold step by charging an NFT project, Impact Theory, with conducting an unregistered securities offering. This unexpected move has sent ripples through the NFT industry, raising the question of whether NFTs could be considered securities.

• Impact Theory, without admitting guilt, has agreed to pay $6.1 million and abide by a cease-and-desist order. The SEC argued that Impact Theory marketed NFTs as investments in its business, not as digital collectibles, setting a potentially significant precedent for the NFT market.

TL;DR: We’re still debating what NFTs even are in 2023.

This development adds uncertainty to an already shaky NFT market that has seen a sharp decline in trading volumes this year.

Web3 Zombies Take Over Korea Blockchain Week!

DFZ Labs, the team behind the renowned NFT brand Deadfellaz, is set to launch its new content film series, 'Culture On-Chain,' at Korea Blockchain Week. This exciting series will spotlight the positive developments in the Web3 space through the eyes of international creators and culture influencers.

• Korea, emerging as a Web3 hub, is hosting the event, and MetaMask, with its vast user base, is joining forces to bring this series to a global audience.

‘Culture On-Chain' aims to shed light on the inspiring stories within the crypto and Web3 world, countering negative mainstream narratives. The future of blockchain is looking brighter, thanks to initiatives like this!

🔭The Scope

While the rest of the world still debates what NFTs even are, creators push forward. Refik Anadol’s work brings NFTs to the real world, introducing radical art to new viewers. Plus, through ‘Culture-on-Chain’, even the biggest NFT sceptics will get to see NFTs in a new light. Hopefully these are all positive steps towards better understanding and acceptance of NFT space.

🌓Half Moons

Soccer superstar Cristiano Ronaldo underwent a lie detector test, confirming his ownership of NFTs and plans to release more NFT collections in partnership with crypto exchange Binance, as part of his ongoing collaboration to introduce Web3 to soccer fans worldwide.

Digital toy company Cryptoys is teaming up with Disney to release a collection of digital toys featuring iconic Disney characters like Mickey Mouse, Minnie Mouse, and Pluto, with 15 limited-edition digital toys in each series and various rarity tiers for $39.99 each.

As the NFT market evolves, the debate over royalties continues, with some marketplaces retracting support for royalties, raising questions about the future of this income stream for creators.

🔭The Scope

Ronaldos’s confirmation of NFT ownership and partnerships, teamed with the collab between Cryptoys and Disney, shows the growing presence of NFTs in entertainment. Still, this hopeful news is underpinned between the ongoing issue of creator royalties and ownership.

⚪Total Eclipse

Crypto Fun Fact - Lost Bitcoins: It's estimated that around 20% of all existing Bitcoins are inaccessible due to lost private keys.

💫Shooting Star

This week’s shooting star is AKA Chambo

AKA Chambo is an artist with a street-art style, bringing a ‘message of truth, pain, joy, and survival’. This piece is ‘Mother Eart:

She is water,
She is rock,
She is air,
She is life and with out her we have nothing...
She is MotHER EaRth and man owes her some respect....

Meme of the Day