‘Lot of Parallels’ Between NFTs and ICO Boom, Charlie Lee Warns

She’s showing at their booth this year as well, but the last physical edition was more memorable. “At the previous fair, I was painting a mural at Shaheen Bagh, and remember coming to the gallery booth covered in paint, khaki boots, withtirangaflags on my cheeks. But Art Musings was incredibly supportive of my political art.” Parallel, who are now in the upper echelons of the OpenSea ranks chart, briefly displaced CryptoPunks from the top spot. Cards are now selling like hotcakes and changing hands at an alarming rate.
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Parallel Alpha NFT dApp is overall bearish in Sales and has decreased in comparison to the previous 7-day period. It is now ranked #3 in General BDG dApp Tracker category, and also #3 in ETH category. Parallel Alpha NFT is steadily losing popularity among users with a -28.06% decrease of users for the same 7-day period. Get technical analysis & expert insights on Parallel Alpha NFT according to recently analyzed Blockchain data.

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So the universal card is a bit like the trump card in playing cards, and it is the only card that can be used with any set of cards. 5/ Augmented reality technology will become an important part of the game. In addition to being collectibles, physical cards can also be used as AR reality markers . With legacy projects such as Plasma Bears paving the way for NFT gaming, Parallel follows close behind gamified NFT projects including rising superhero-focused project MetaHero Universe and Axie Infinity, the largest NFT game in existence. And although NFT gaming has come under fire recently, this latest news from Parallel alpha, in conjunction with an upcoming drop celebrating the Paradigm funding, shows promise for the longevity of Parallel’s endeavors. The game is considered promising, despite the disparity between the price of cards and the value locked within the game. In fact, one of the sources of earnings may be exactly the flipping of NFT cards. The game has one of the most varied NFT models, with several classes of cards. Some are Masterpiece, or Unique NFT. Others are resource cards or cosmetics such as altered card backs. There are also Key cards of various tiers, which produce an in-game asset, PRIME, which can be used to advance the quest.

As more and more collectors are joining the Parallel NFT game, the group are tirelessly working to expand the futuristic universe. It’s transforming into a community of people who now have to ability to control what they have in a form of a game. The online company has had a more meteoric rise than most crypto projects, and investors have noticed. “Yunt Capital here. We can’t get enough of https://www.beaxy.com/buy-sell/gunthy-btc/ Parallel as you’ve probably seen on our twitter. We believe this TCG is not only the start of next-gen gaming with ownership, but the start of a sorely needed sci-fi IP that will span all sorts of mediums. No one knew what this would do, but we saw the art and we read the lore. I can’t speak for everyone, but I knew I landed on the modern day version of Magic the Gathering or Pokemon.

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As a result, content creators have control over online artwork for the first time, managing licensing and distribution to make actual money from royalties. The rapid rise of NFTs has in turn created opportunities for DRM platforms to use NFTs to manage rights, one such as a US start-up called RAIR that caught our eye, and Intertrust evidently wants a slice of that pie. Parallel Finance is focused on building infrastructures to address industry growth, the launch of the NFT Money Market comes on the heels of seven additional product launches. Most recently, Parallel Finance announced Automated Market Maker , which enables users to swap assets through decentralized liquidity pools, letting users earn additional yield on HKO and KSM pairs. Additionally, the team launched the new Money Market, allowing users to maintain liquidity without having to sell their assets.

Before making financial investment decisions, do consult your financial advisor. The Parallel Alpha NFT data chart shows that this ETH protocol-deployed dApp made 13.3K sales in the last 30D. The NFT had 5.7K users & a Volume of $3.3M, and was gaining in growth with a 4.91% spike in Volume for the last 30 days. Parallel Alpha, a sci-fi card game inspired by NFT, has been released. The company has released 67 unique cards since their inception in May 2021. They have a fantastic NFT collection that is consistently ranked among the top 5 on OpenSea for both secondary and primary sales. Despite raving about the new medium, Suleman cautions about falling back into old ways. The newest big name to create NFTs (Non-Fungible Tokens) is Shilo Shiv Suleman, a Bengaluru-based artist and founder-director of the public art project, Fearless Collective. Every card is a high-quality piece of artwork that depicts a 3D depiction of the item represented on it. The NFTs were sold to the general public, and the proceeds will go toward the creation of the entire game.

Parallel Alpha has one of the most detailed systems of rights and special cards, making the game impossible without NFT ownership. This also constrains adoption, as players will need more types of cards as an initial investment, if they missed the early airdrops. The use of NFTs has made it possible to distinguish an original piece of digital art from a reproduction and shifted digital art into a prominent place within the art industry and the fine art market. NFT art is quite simply a piece of digital art, the ownership of which is represented by a non-fungible token with its unique data stored on the public digital ledger known as the blockchain. Of course, ExpressPlay’s special positioning in the Chinese market, where it is trusted by TV manufacturers and silicon suppliers like no other Western digital security outfit, has given it a head start in almost every facet of business, the latest being smart TVs.

Despite the long history of photography, it wasn’t until the late 1970s that photographs became considered to be a collectable art form. Prior to that, the primary purpose of photography was for photojournalism and fashion, certainly never for collection or display. NFT art and photography share a surprising amount of common ground; neither were immediately accepted nor embraced by the art establishments yet they both managed the make art more accessible, as well as change the entire trajectory of art history. NFT stats gives you the latest information about the NFT space. If you want to find the best NFT to buy, upcoming NFT projects, what’s the most expensive NFT – we’ll provide you with the data, charts, insights and news you need. Shilo Shiv SulemanIt is why Suleman began the Fearless Collective, “an intentional intervention of art into protest movements” to highlight public resistance, lived histories, and stories about people who are not empowered.

Nothing stress tests a system like thousands of tech-savvy speculators trying to break down said system in order to get filthy rich. As a result, NFT “drops” have been plagued by every kind of nightmarish scenario. So far things have gone pretty well for Parallel, which has built up its own drop system, but with its next drop just days away and the potential value of those cards moving higher, plenty of eyes are centered on how smoothly things go. Backing cautiously out of the entrance to this blockchain rabbit hole, we should remind readers that Intertrust recently carved out its ExpressPlay DRM business as a separate division under the Intertrust umbrella, with a standalone website and marketing.

You hereby agree that we are not providing our own opinions, advice, or recommendations. Marking the occasion for fans, it launched a special ‘Paradigm Shift’ collection of cards on Oct 22nd. Its NFT trading volume is currently over $125 million, however, with the most expensive card selling for $1.1 million. Parallel takes 10% of every transaction, meaning the project has already raised $12.5 million in ETH. In closing its latest investment round, Paradigm led the $50 million raise despite the NFT project currently having no game in development as yet. The Parallel features two in-game item categories – Consumables and Equipment. Consumables are required to engage in gameplay activities, such as mining and re-energizing, while Equipment or Tool items enhance a Paragon’s attributes and abilities when engaging in activities such as exploring, quests, and constructing.

Recent Parallel Alpha sales

The Parallel provides participants with many opportunities to earn rewards from their contributions to the game, players providing value and experiences for other players through their participation are rewarded accordingly. /PRNewswire/ — Parallel Finance, the leading decentralized lending and staking protocol that aims to bring decentralized finance to the mainstream, today announced the launch of Omni NFT Money Market built on Ethereum. It’s very important to DYOR before buying into any NFT project. Your first step should be going through Parallel Alpha’s website and social media profiles to fully understand what the project does and is planning to do. Ask the team and other community members questions to see if they know what they are talking about and can follow through with their promises. Generally speaking, don’t follow anyone blindly and make up your mind if you should buy into an NFT project that someone recommended. The Parallel is that it will be mobile friendly and multi-platform . As such, architects will have access to an even greater mass market through the multifaceted approach.

  • In addition to being ranked seventh in the General BDG dApp Tracker category, it is also ranked sixth in the ETH category.
  • The company has released 67 unique cards since their inception in May 2021.
  • These creative explorations shifted the entire art world into whole new ground and the results we saw included an increase in abstraction and the birth of many of the bold and adventurous art styles and movements that we still hold in high regard to this day.
  • Online shopping grew to represent almost one-third of sales in the quarter and L’Oréal reported record sales on Alibaba’s Tmall platform during China’s Singles Day shopping festival in November.

One way to do that, Hobbs suggests, is to use digital collectibles as part of a loyalty programme, giving customers who bought them first dibs on a limited edition product, or an invitation to an event with a brand’s celebrity spokesperson. The biggest difference between the concept of NFTs in China and those in the West, however, lies in their intended life cycle. At present, the fact that no law exists governing the secondary market of NFT products in China means that, in essence, few are prepared to risk getting into the business of reselling these products, for fear of potential later repercussions. China banned cryptocurrency mining and trading in 2021, making it part of a growing cohort of countries including Indonesia, Colombia, Nepal, Algeria, Egypt, India and Vietnam, that have banned, restricted or discouraged the use of cryptocurrencies. It was a swift turnaround from being the world’s biggest crypto miner with the most active Bitcoin trading platforms on earth just a few years earlier. CoinMarketBag is the world’s most-referenced info website for cryptocurrency assets in the rapidly growing cryptocurrency space. Its mission is to make crypto discoverable and efficient globally by empowering retail users with unbiased, high-quality, and accurate information for drawing their own informed conclusions. Blockchaingamer.biz dedicated to illuminating and explaining the world of blockchain technology as applied in the games space. In terms of game design, players will have to construct a deck of NFTs card in a parallel to play.

What crypto can learn from a century-old crisis – POLITICO

What crypto can learn from a century-old crisis.

Posted: Mon, 11 Jul 2022 07:00:00 GMT [source]

This news comes as gaming has become an increasingly popular sector of the NFT ecosystem, contributing a large percentage towards NFT sales that skyrocketed to $10.7B in Q3. Saturday, June 11, scheduled for sale of packs to anyone, with 0.18 ETH mint price. Read more about where can i buy dragonchain here. Parallel Alpha is an NFT-heavy game with regular events and airdrops. NFT art has also fostered a large and strong sense of community and that aspect has become very much tied into how the NFT space operates and thrives. NFT art is having a similar impact on the world of visual culture and the way the art world fits into the real world and is even expanding into the virtual realities of the metaverse. NFTs have also enhanced the abilities of traditional art in some interesting ways.

He is completely right, but in the knowledge that these must come at a significantly lower ARPU, which means a smaller fee for ExpressPlay, although he is under no illusion that the industry paid way over the odds for DRM back in its heyday. In the meantime, sticking with our media remit, we still cannot shake the feeling that Intertrust is putting ExpressPlay at arm’s length with a view to making it easier to sell. We heard reassurances from ExpressPlay’s new VP of Marketing, Ali Hodjat, back in September, but we couldn’t leave without hearing it from the horse’s mouth too. Unfortunately, Shamoon could not reveal too much about Intertrust’s latest DRM dealings, not until the finishing touches are put on an announcement due out in Q2 this year. Joining a few dots, we are confident this move will relate to NFTs (non-fungible tokens) – aka 2021’s buzzword of the year. Parallel Alpha has traded at an average price of Ξ 0.018 in the last 24 hours. Our sales floor is based on most recent sales with outliers removed. Parallel Alpha has not started minting yet or we haven’t collected mint data yet. Prices for in-demand NFTs like CryptoPunks, Autoglyphs, and Fidenza have hit record highs this weekend, while projects like Axie Infinity have exploded in popularity over the last few weeks.
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