The month of August just flew by as the Blind Boxes team added new product updates, welcomed new talent, forged new partnerships, and launched a new contest. As we embark upon a busy September, here is a recap of August 2021.
Launches & Updates
BLES Vaults I, our 90-day liquidity staking program ended on August 8, and its popularity encouraged us to launch a fresh iteration with BLES Vault II.
Last month, we announced a partnership with Netvrk, a robust blockchain-enabled metaverse ecosystem with an interactive economy. Users within Netvrk can purchase virtual real estate, buildings, vehicles, and houses.
Next week, Netvrk will bundle digital land parcels to be sold exclusively as NFTs on the Blind Boxes Marketplace.
NFTs purchased during this pre-sale event on Blind Boxes are redeemable for certified NFTs on Netvrk, once the land parcels are fully released in the end of September.
Date: Wednesday September 8, 2021
Time: 17:00 UTC
Currency accepted: $BLES, USDC
No. of collections: 3
Notes: NFTs purchased during this event are…
Previously we announced that we would host a whitelist randomized distribution event for collectors that attempted, but could not fully participate in the initial Netvrk VR land sale on Blind Boxes earlier this month.
Collectors seeking to opt into the event provided details including, but not limited to wallet addresses, social media handles, and screenshots to verify their participation in the previous event. Each applicant was individually verified by the team.
Based on the results of the verification process we built one new collection of S/M/L Netvrk land parcels valued at 725 / 1925 / 3850 USDC respectively.
Last month we announced a partnership and NFT contest with Popcorn, a mission-driven decentralized finance (DeFi) project. Today we announce an update to the contest to broaden the ways that artists can submit work. Submissions can now be submitted by Twitter and by online form submission. We have added the second option since we want to appeal to a larger group of creators, many of whom do not use Twitter.
For this contest, Popcorn has allocated 10,000 $POP in prizes for the winners. Winners will have their work minted into NFTs and sold on the platform.
Get Minted Challenge: Popcorn…
Previously we announced a collaboration between Blind Boxes and NFTrade to establish an NFT farm that would enable users to stake $BLES and earn exclusive, limited edition art, gaming, and utility NFTs.
NFTs earned through this mechanism can be collected or traded/sold on any NFT marketplace. This announcement led to a fair bit of buzz in our community and hence, our team led by our Co-founder & CEO, Anita Angelica Moore also hosted Harrison Seletsky, Communications Lead at NFTrade for an Ask Me Anything (AMA) session on this topic.
To kick off this promising collaboration we now invite creators to…
On September 15, we recapped the outcome of the initial portion of the VR land sale with Netvrk. Collections I and II sold out quickly. However, as we attempted to launch collections III and IV, our platform crashed.
Hence, we recalibrated our approach with a plan to complete sales for ~60 affected users through a closed whitelist event. During this live-streamed event, land parcels will be transparently distributed to users that meet the qualifications and opt-in.
1) Submit the opt-in form for the sale. This form must be completed by Tuesday, September 21 by 23:59 UTC.
What is wash trading?
Wash trading occurs when an individual or a cartel of individuals uses market manipulation tactics to artificially drive up the price and demand of their assets. One way this is accomplished is by listing an item and then bidding on or purchasing the same item. Essentially the same user puts “buy” and “sell” orders on the same assets to create the illusion of demand. This creates a provenance and history of sales that misrepresents the asset’s true market value.
This practice is well known in the NFT space and is said to encompass a SIGNIFICANT portion…
We will begin by recapping the outcome of the initial portion of last week’s VR land sale with Netvrk. Next, we will outline steps to join the whitelist for a live land allocation event occurring next week. Important: the live event is intended for users who completed or attempted to complete transactions in Netvrk Land Sale (collections III and IV).
Recap: Collections I and II
Last week we launched the initial portion (Collection I and Collection II) of the Netvrk VR land sale. In total, 62 NFTs with an average value of ~$1530 each were sold via our gamified, Gashapon-inspired…
As we expand the reach of BLES within the Defi ecosystem, we are excited today to announce our collaboration with Cryption Network. For NFT collectors and traders their retail investor focused mobile app features a crypto wallet, fiat onramps, and a streamlined dApp browser. Cryotion’s fully integrated ecosystem also includes a decentralized gasless automated market maker (AMM), a prediction market, and a decentralized hedge fund. Through this partnership, Blind Boxes will integrate our marketplace and Defi functionality to meet our users where they spend the most time: on mobile.
Blind Boxes x Cryption Network: Staking Pools and Dapp Integration