UkraineDAO has raised more than $7 million in an effort to assist Ukraine in its war effort.
What are NFTs
March 4, 2022Key Takeaways
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- UkraineDAO has raised more than $7 million in an effort to assist Ukraine in its war effort. UkraineDAO is a decentralized collective determined to raise funds to address the humanitarian crisis caused by the Russian invasion of Ukraine.
- The SEC has initiated an investigation of fractional NFTs to determine what asset class they fall in and eradicate any foul operations conducted through NFTs, to better ensure that they do not turn hazardous in any way. Special focus is placed on fractional NFTs as these are broken down into units of the same asset.
- Ethereum companies ban users in certain countries. MetaMask to ban wallets associated with Iranian IP addresses. As explained by their blog post, MetaMask is doing this in agreement with Infura, using legal compliance under certain jurisdictions as the basis for the ban.
Highlights
- Rakuten launches new NFT marketplace: Rakuten NFT.
- Minecraft integrated with Web3 with NFT worlds blockchain on Polygon.
- Manchester City to build Etihad Stadium in the metaverse.
- Russian woman films her burning passport and mints as NFT.
- New York vending machine sells NFTs as art pieces.
- DeepRedSea NFT marketplace released, catering to politics and sports enthusiasts.
- Dominican National Brewery launches its first two NFTs as part of the Independence Day campaign.
- AXS closes lower, but higher on the week.
- Dolly Parton to launch Dollyverse NFT platform.
- Web3 users are outraged at possible centralization due to bans.
Top Artists
The following table shows top artists (by primary sales volume on each platform) and their art samples.
Invisible Friends by RandomCharacterCollective. 7-day sales volume: ETH 15,856.14
Invisible Friends is a collection of 5000 animated invisible characters by Markus Magnusson.
WonderPals created by WonderPals. 7-day sales volume: ETH 7,703.44
WonderPals is a collection of 10,000 delightfully cute pals.
3Landers by 3L-Deployer. 7-day sales volume: ETH 6,730.74
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