🚀Welcome to Club Penguin!🐧

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    🚀Welcome to Club Penguin!🐧

    Ready to enjoy the weekend, Geckos?

     

    Pudgy Penguins, an Ethereum-based NFT project, is blowing up right now, with over $11 million worth of NFTs sold on secondary markets in the last 24 hours.


    According to CryptoSlam, Pudgy Penguins' transaction volume during the last 24 hours has put them ahead of CryptoPunks ($7.6 million) and the Bored Apes ($2.1 million) for the day.


    Today, New York Times columnist Kevin Roose published a story about his experience owning a "pengu" and participating in the NFT's discord server, further cementing the collecting craze of Pudgy Penguins.


    At the time of writing, the average price of a Pudgy Penguins NFT is 3.4 ETH (or roughly $11,000), which is almost ten times higher than one week ago.


    In today's news, Lionel Messi's Paris Saint-Germain deal includes crypto payment, Iran's tax authority urges regulators to legalize crypto, and DAO Maker Hacked for $7 Million.


    Read on!

    24h Hot Searches Worldwide 👀

    Our cute Analyst, Erina, wrote an article on decentralized crypto domains, featuring four naming protocols (ENS, UD, HNS and YAT).


    She believes these naming protocols will serve as the gateway to web3 and internet identity will be big. Read more here.


    Or you can check out her summary here!

    What are your inspirations?


    As an artist, Reva's inspiration comes from math! Her previous experience in science, technology, and mathematics plus autonomous system simulation gives her an entirely new perspective in creating her art.


    For our collaboration, she has created three beautiful pieces that depict the Gecko with her own magical touch. To learn more about Reva, click here.


    Introducing the common art! This piece combines the elements of Gecko and gem stones to create a captivating colour changing art piece. Get your Candies ready for the drop in our Rewards section at 8AM EST on 13th August!


    Next up, Reva has created the GemGecko Rare. Imagine looking at the infinite horizon of twirling rainbow-coloured Geckos. Beware, staring at it brings you to magical places! Join the lucky draw and stand a chance to be one of five owners of this NFT.


    Looking for something astounding? Introducing this one of a kind by Reva, the GemGecko Legendary. The Gecko spins and splashes rainbows, acting as a reminder to focus on the positives around us. The 24 hour auction will begin at 8AM EST on 19th August. See you there!

    Messi's Salary is PSG

     

    According to Reuters, Argentine soccer superstar Lionel Messi has reportedly included crypto fan tokens PSG in his financial agreement with French club Paris Saint-Germain.


    Chiliz (CHZ), the blockchain firm that runs the sports token platform Socios, stated today that $PSG trade volumes have increased to almost $1.2 billion in the days preceding the player's move.


    Soccer clubs' fan tokens have become more prevalent amid pandemic-induced lockdown to improve teams' digital presence and increase revenue.


    Cointelegraph

    INTA Urges Crypto Legalization

     

    The Iranian National Tax Administration (INTA) has proposed taxing crypto exchanges operating in the country, calling for the legalization of their operations.


    The INTA is concerned that the present crypto ban will affect tax collection, and it is pressing Iranian officials to legalize crypto trading platforms as a source of tax.


    The tax administration also warns that implementing strict regulations would create the conditions for a black market to emerge.

     

    Bitcoin.com

    $7M Drained From DAO Maker

     

    Hackers have stolen approximately $7 million in USD Coin (USDC) from more than 5,251 user accounts on DAO Maker (DAO), according to the platform's CEO Christoph Zaknun.


    DAO Maker claimed users with less than $900 in their accounts "have remained completely unaffected," and the platform will shift the assets into new wallets to secure their funds.


    However, the project stated that all deposits would be halted until a comprehensive Root Cause Analysis was completed.

     

    Cointelegraph


    Five days left in REVV Racing's Alpha Inaugural event! $150k worth of prizes!


    There are 5 days left in the Alpha Inaugural event of the brand new REVV Racing game! It is not too late to get your REVV car NFT and join this skill-based competition. Only your best performance is counted, so the more you play and improve your time, the more likely you are to grab one of the larger prizes from our US$150,000 prize pool!


    Play now at revvracing.com!


    Custody

     
    In the context of cryptocurrency, a "custodial" asset means an asset is placed under the care of a third party. This is similar to how banks have custody over their customer's funds. A Custodial Wallet refers to a wallet whose private key management falls under the care of a company. Examples of Custodial wallets include Coinbase, Nexo and other wallets where users do not have access to their private keys.

     

    Learn about other Crypto terms here

    Here are the top trending coins for this week!

    NFT of the Day 🖼️


    aspiring chad


    Artist: pplpleasr

    Gallery: Fortune


    "For Fortune Magazine's 2021 August/September issue focused on cryptocurrency and defi, I was honored with the unique opportunity to design the magazine's cover and dedicate this to the crypto twitter community which has given so much to me. Fortune and I will be donating 50% of the proceeds to charity." - pplpleasr



    Check out other NFTs on CoinGecko

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    Submit your favorite NFTs here for a chance to be featured as our NFT of the Day!

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