Welcome to the OpenSea Digest, let's recap the major news in NFTs and Web3 this week.
OpenSea launched the flagship series worth over $1 million, advocating for digital culture.
OpenSea announced the launch of the OpenSea flagship series, committing over $1 million for the acquisition, curation, and celebration of digital art and culture.
The flagship series is OpenSea's first official NFT reserve, aimed at showcasing NFTs as cultural artworks and supporting the artists and collectors shaping the field.
OpenSea will steadily acquire works in the coming months, aiming to acquire a piece every few days, covering a range from works by emerging artists to rare and highly sought-after NFTs, with a focus on their long-term cultural relevance.
Every moment will be shared with the community to celebrate and enhance the cultural impact of NFTs; click here for more information: OpenSea flagship series.
OpenSea partners with Coinbase One to launch a new rewards phase
OpenSea will launch a new phase of its rewards program called Treasure Chest on September 15.
As part of this launch, Coinbase One subscribers (members of Coinbase's paid service, which waives transaction fees and provides account support) will receive a 5% boost on OpenSea events and surprise shipments, which are a series of additional rewards related to market participation.
Current users of Coinbase One can link their wallets intended for rewards, and new users can register directly to participate.
Trimont is using JPMorgan's blockchain system to expedite loan payment processes.
It has been reported that real estate lending institution Trimont is adopting JPMorgan's blockchain platform to automate parts of the loan payment process, which will now utilize digital records on a secure ledger.
Trimont stated that this change will help streamline the flow of funds between borrowers and lenders, reducing payment clearing times to just a few minutes.
This marks another example of financial companies utilizing blockchain technology to manage conventional transactions such as real estate loans.
Christie's has closed its digital art department due to restructuring.
As part of a broader restructuring under new CEO Bonnie Brennan, Christie's has closed its digital art department; Brennan joined Christie's auction house in February.
A spokesperson told Now Media that the company will continue to handle digital works within its larger 20th and 21st-century art categories rather than through a standalone department.
Christie's has been a key player in the rise of digital art, from Beeple's $69 million sale of 'Everydays: The First 5000 Days' in 2021 to the launch of its on-chain platform Christie's 3.0 in 2022, the future of which remains uncertain.
Jack Butcher teases that (Gas Wars) will be the penultimate release in the Art Blocks Curated series.
Jack Butcher, designer of Visualize Value, previewed Gas Wars, which is the penultimate release in the Art Blocks curation plan.
In a teaser video shared on X, he described a release event starting with 'Simulated Zero,' a 24-hour no-reserve auction followed by a 499 fixed-price items window of 500 seconds.
The project is defined as '500 Survival Simulations,' with each digital 'bullet' costing one dollar, and aims to incorporate the project into the final collection of the Art Blocks flagship series.
CyberKongz launched the KONG token for community rewards.
CyberKongz has launched KONG, a rebranding of its early token BANANA, with CEO Henry the Grape describing KONG in a recent interview with OpenSea as 'a brand liquidity layer representing CyberKongz and NFT culture,' designed for those who believe in the significance of NFT culture.
The project states that KONG will exist exclusively on Ethereum, with a total supply of 1 billion, employing mechanisms such as staking, seasonal reward distribution, and deflationary burn events.
At launch, BANANA holders can redeem at a 1:25 ratio, with 2% of the supply airdropped to OpenSea users.
Solana approved the Alpenglow upgrade to accelerate transaction speeds.
Members of the Solana community have voted to adopt Alpenglow, which is the most significant upgrade for the blockchain to date.
It has been reported that this change improves Solana's consensus mechanism and reduces transaction completion times from about 12.8 seconds to 150 milliseconds, a speed said to be closer to traditional financial markets.
This update was released just days before the NASDAQ listing of SOL Strategies (the first publicly traded Solana treasury on the exchange).
NFL All Day launches signed NFTs and stadium giveaways
NFL All Day is an authorized digital collectibles platform built by Dapper Labs on Flow, adding signed NFTs and live activation features for the new season.
It has been reported that the platform will release highlights from rookie performances and verified digital signatures, distributing free collectibles during games of the Patriots, Bengals, Jaguars, and Texans.
Fans can also collect digital ticket stubs and play three free dream-style games (named Playbook, One and Done, and Pick'Em), with prizes including digital packs and live experiences.
Doodles plans to collaborate with Froot Loops
This might be the most colorful web3 collaboration to date, with Doodles teasing a new partnership with Kellogg's Froot Loops in a short animated video shared on X.
In the video, the graffiti character interacts with falling colorful cereal and milk, then flashes the 'Froot Loops x Doodles' logo.
While very few details are publicly available, the post confirms that the collaboration is 'coming soon' and hints at a brand partnership between digital collectibles and a well-known breakfast brand.
Odious held its first solo exhibition in Brooklyn.
On September 10, digital artist Odious held a solo exhibition at the Zepster Gallery in Brooklyn.
The event showcased artworks from his interactive book (Decisions, Anxiety, and the Unknown), with pieces from each chapter displayed in the gallery.
Visitors viewed completed works, some of which were available for purchase, and appreciated new pieces debuting that night, along with a live art event during the opening.
Note: Mentioning any tokens is for reference only and should not be considered as financial or investment advice.
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