Welcome to the OpenSea newsletter, let's recap the most important NFT and web3 news of the week.
Yuga Labs is preparing to open a new entrance to Otherside
The team behind Bored Ape Yacht Club, Yuga Labs, will launch Koda Nexus on November 12 as a new headquarters in its virtual world Otherside.
In a post on X, co-founder Greg Solano stated that the space functions like a complete city, with districts, ancient temples, and challenges that are updated every few weeks. The teaser also reflects this tone, featuring glowing portals, charging player squads, and early visuals of swamps and neon-lit areas.
Solano also stated that players can log in using their email or X account and automatically receive a self-custody wallet in the background, which is a basic crypto wallet directly controlled by the user.
All content collected within Nexus, including items, badges, and avatars, will be recorded on-chain. Solano describes this as a way for players to retain ownership of their collected items.
Disney joins the Abstract blockchain network through a partnership with Cryptoys.
Disney entered the Abstract blockchain network through a new partnership with the digital collectibles platform Cryptoys, which will turn Disney characters into on-chain items that fans can own.
The collaborative project uses crypto wallets in the background to verify ownership, meaning fans will receive a digital token to prove that the item belongs to them rather than keeping it in a company database.
Abstract stated that the project may ultimately connect these collectibles to games and interactive spaces built on its network, but specific details have not yet been disclosed.
Peppa Pig collaborates with Imaginary Ones to launch a brand new bubble-themed project.
Web3 art group Imaginary Ones announced a new partnership with Peppa Pig and Hasbro, further enriching its list of licensed NFT collaboration projects.
Imaginary Ones co-founder Clement Tan reflected on the early NFT craze in a post and mentioned that the team continued to grow during the quieter years, which allowed them to reach agreements with Peppa Pig and the Korean cartoon brand Pucca.
He interpreted these announcements as a sign that more mature entertainment companies are now beginning to engage with those long-active web3 projects.
Circle is considering creating a native token for its Arc blockchain.
Circle, the company behind the USDC stablecoin, stated in its Q3 financial report that it may launch a native token for its new stablecoin payment blockchain Arc.
Arc has now entered the public testnet, and reports indicate that over 100 companies from banking, payments, digital goods markets, technology, and capital markets, as well as publishers and developers, have joined the network.
CEO Jeremy Allaire stated in a press release that the increase in participation reflects the growing interest from traditional financial companies and cryptocurrency firms. Circle also noted that the usage of USDC increased in Q3, attributing part of the growth to early activity on Arc.
Sui has launched USDsui, a new stablecoin issued by Bridge under Stripe.
Sui has just announced plans to launch USDsui, a new type of token backed by the US dollar, co-built with Bridge, a stablecoin infrastructure company under Stripe.
According to the announcement, the token will serve as the native stablecoin on the Sui network and can be used in on-chain wallets, payment applications, and basic DeFi tools.
Sui states that the design of USDsui complies with the requirements of the GENIUS Act, a new U.S. law that outlines the issuance and regulatory rules for payment stablecoins. Once effective, these stablecoins will be regulated.
Sui describes USDsui as a simple way for developers and users to transfer funds within its evolving ecosystem.
Tezos Art Festival held a four-day digital art project in Berlin.
Art activities on Tezos held a three-day event in Berlin, gathering artists, curators, and digital art platforms to host exhibitions, lectures, and screenings related to blockchain art.
The project showcased works from over 200 artists across five locations, in addition to an opening night party and daily events.
Organizers stated that the event aims to demonstrate how blockchain continues to support experimentation and direct-to-collector distribution after the speculative frenzy of 2021. The event includes showcasing works created using artificial intelligence, generative tools, and interactive systems, with artists explaining the creation process of each piece.
Meanwhile, cafes and galleries across Berlin have been transformed into temporary exhibition spaces, hosting a series of off-site events.
Several well-known Tezos artists participated in this event, representing many creators who have shaped the field of digital art on that blockchain.
World of Women launched WOWSTR, which is the new token for its digital art brand.
World of Women has launched a new token called WOWSTR, which the team describes as the currency that keeps the WoW ecosystem running. Every transaction or activity related to this token will, in turn, promote the project’s internal economy.
A new website outlines the role of WOWSTR in the future development direction for project holders, collectors, and fans who have been following it since its early days.
UFC teams up with Fight.ID to launch an on-chain identity and collectibles project.
The Ultimate Fighting Championship (UFC) announced a multi-year partnership with Fight.ID to bring parts of its fan and athlete ecosystem on-chain, including athlete authorization, digital collectibles, loyalty rewards, and VIP access.
Fight.ID is a web-based platform for combat sports enthusiasts and athletes, utilizing blockchain technology to create verifiable digital identities, track rewards, and support fan interaction.
UFC, in its announcement on the X platform, described the system launch as connecting its 700 million fans and 700 fighters to a verifiable system. UFC stated that the system would operate on a single network capable of confirming identity and ownership, meaning fans will have the opportunity to hold certified digital items directly related to fighters and events.
The Fight.ID app is now available for early access.
Telcoin Digital Asset Bank has been granted permission to launch the first digital asset custodian in the United States.
Nebraska regulators approved the establishment of a new bank by the fintech company Telcoin, which focuses on blockchain payments. This bank will connect ordinary American accounts with digital dollars. According to the press release, the bank will issue eUSD, a stablecoin backed by cash and short-term government bonds in regulated reserves.
In a press release, Telcoin emphasized its plans to collaborate with community banks looking to adopt this model. The company’s banking president, Patrick Gerhart, stated that only a small number of the approximately 5,000 banks in the United States have the resources to independently handle digital assets, and Telcoin aims to assist the remaining banks.
"We look forward to helping the other 95% of banks in the U.S. remain competitive and connect to a blockchain-based financial system in a secure and robust manner," he said.
Disclaimer: This content is for informational purposes only and should not be considered financial or trading advice. Mentioning specific projects, products, services, or tokens does not constitute endorsement, sponsorship, or recommendation by OpenSea. OpenSea does not guarantee the accuracy or completeness of the information provided, and readers should verify any statements in this article before taking any action. Readers are responsible for conducting due diligence before making any decisions.
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