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Geo Genesis: A New Way to Share and Govern Information with Web3

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Geo Genesis: A New Way to Share and Govern Information with Web3


The Graph has just announced the early access launch of Geo Genesis, a new Web3 browser and knowledge graph application that puts information-sharing front and center. Instead of focusing solely on digital assets, Geo Genesis gives communities the tools to collaborate on knowledge.

The platform aims to show how users can work together to gather, verify, and shape fast-moving stories. By doing this, The Graph hopes to show that blockchain infrastructure can support fair community collaboration.

Inside Geo Genesis

At the core of Geo Genesis is a feature called “Spaces”. Each Space is like a shared workspace for a specific topic where users can submit ideas, fact check and refine information as needed. These Spaces use GRC-20 data standards so everyone can see when new content was added, who added it and how it might have changed over time.

Right now, Editors are using these Spaces to organize Crypto News stories so the wider community can watch how the content is governed. Over time, it’s likely that more Spaces will appear on different subjects, and each one can set up its own rules about what gets posted and how decisions are made.

Knowledge vs. Assets

Geo Genesis stands out because it treats knowledge as an essential resource rather than focusing on tokens, NFTs, or other digital assets. Many blockchain projects concentrate on speculation or trading, but The Graph envisions a decentralized approach to gathering facts and information.

Geo Genesis invites anyone to pool their expertise and verify what’s being posted. This could encourage a more active form of participation, where people feel responsible for making sure the information is trustworthy. As more users and groups join, Geo Genesis could grow into a larger network of knowledge Spaces, each shaped by the people who use it.

Governance with Aragon OSx

A big part of this is the governance framework provided by Aragon OSx. In early access, there are two main roles: Editors who vote on proposals and guide the overall direction of the content, and Members who submit new information.

In the future, these roles might be expanded or adapted depending on the community’s goals. For example, if a Space is about scientific research, it might use stricter rules to ensure accuracy. If a Space is about live events, the voting process might be faster to keep up with breaking news. This flexibility reduces misinformation by letting the community decide what works best for them and making every decision visible to everyone involved.

With the release of Geo Genesis, The Graph shows that Web3 technology can be about more than just financial exchanges. By giving people a way to build and oversee knowledge together, it points to a future where communities hold the reins.

Editor’s note: Written with the assistance of AI – Edited and fact-checked by Jason Newey.

Jason Newey

Jason Newey is a seasoned journalist specializing in NFTs, the Metaverse, and Web3 technologies. With a background in digital media and blockchain technology, he adeptly translates complex concepts into engaging, informative articles.

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Bitcoin Faces Key Resistance at $98,400 Amid Market Optimism

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Bitcoin Faces Key Resistance at ,400 Amid Market Optimism


Bitcoin Ascends Towards Resistance Level of $100,000

Friday’s Bitcoin surge saw it momentarily cross the $97,000 mark. Over the past two weeks, Bitcoin is gradually approaching the crucial $100,000 resistance level, which has proved difficult to breach. Bitcoin was trading at $96,777, a 1.5% rise at 11:49 a.m IST. Its intraday high, at $97,739, indicated great momentum.

Source: CoinMarketCap

Altcoins and Ethereum Also Gain

Rising by 1.6% to trade at $3,452 Ethereum matched the rising trend of Bitcoin. Other main altcoins also showed notable increase. XRP grew by 3.6%; Solana gained 2.7%; Cardano jumped by an amazing 11.5%; Stellar rose by 9%. These price swings helped the worldwide crypto market capitalization to rise generally 1.5% to $3.41 trillion.

Investor attitude has changed favorably according to the Fear-Greed Index. The near $97,000 trading level of Bitcoin reflects this increasing hope. Edul Patel, CEO of Mudrex, claims that while support for Bitcoin at $95,000 exists, it is now immediately opposed at $98,400. Finding the future direction of bitcoin will depend critically on this range.

Altcoins and Ethereum Also Gain

Source: CoinMarketCap

BuyUcoin CEO Shivam Thakral underlined the institutional interest in Bitcoin’s recent rise. He noted the approaching major milestone of U.S. spot Bitcoin ETFs’ increasing popularity. These ETFs just have $2.2 billion left to reach $110 billion in cumulative value. With over 5.7% of Bitcoin’s total supply represented here, this statistic highlights the growing institutional investor confidence.

The trading activity on the market still revolves mostly on stablecoins. Comprising 92% of the 24-hour volume of cryptocurrencies, the total volume of stablecoins in the past 24 hours came at $108.1 billion. This trend emphasizes how dependent on stablecoins liquidity across the market is.

Bitcoin’s Dominance and Market Capitalization Get

Over 24 hours, Bitcoin’s market capitalization rose to $1.913 trillion. Rising at 56.22%, the dominance of the cryptocurrency in the market also changed. Activity in trading has been strong; the 24-hour volume of Bitcoin jumped 41.6% to $41.3 billion.

At $100,000, Bitcoin is almost at a critical level that might define its future course. Growing ETF acceptance and institutional curiosity help to inspire investor confidence. Strong performance of altcoins also adds to the general good attitude in the market. Still, the next few days will depend much on resistance levels and market conditions.



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Detroit to Allow Residents to Pay Taxes with Cryptocurrency Starting 2025 – Cryptoflies News

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Detroit to Allow Residents to Pay Taxes with Cryptocurrency Starting 2025 – Cryptoflies News


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Detroit, Michigan’s largest city, announced that residents will soon be able to pay taxes and other city fees using cryptocurrencies, beginning in mid-2025. 

The announcement, posted on the city’s official website on November 7, outlines Detroit’s aim to modernize payment options and support economic growth while attracting crypto supporters.

This new payment option will be facilitated through a platform managed by PayPal and, once live, will make Detroit the largest U.S. city to accept cryptocurrency for payments.

As of November 2024, only three U.S. states — Colorado, Utah, and Louisiana — allow cryptocurrency payments for state-related fees. 

Colorado pioneered this trend in September 2022, becoming the first state to allow residents to pay state taxes in cryptocurrency. Utah followed suit shortly after, enabling taxpayers to use crypto for state taxes. In September 2024, Louisiana began accepting crypto payments for specific services. All three states use processing systems that convert cryptocurrency payments into U.S. dollars to complete transactions.

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Detroit’s statement also opened the door for new ideas related to blockchain technology, inviting proposals through December 15. The city is looking for blockchain-based projects that could improve service efficiency, enhance security, and increase transparency for its residents. 

The move places Detroit among a growing number of global cities and countries exploring digital assets and blockchain applications. 

Many countries are seeking ways to regulate the industry while promoting technological innovation. Earlier this year, Dubai’s Virtual Asset Regulatory Authority (VARA), under CEO Matthew White, announced efforts to simplify regulations to benefit small crypto businesses.

Meanwhile, in March, Estonia approved a bill to oversee and regulate cryptocurrency service providers in the country. In December 2023, Japan proposed tax reforms that would exempt corporations from taxes on unrealized crypto gains, a step aimed at encouraging long-term investments and fostering Web3 adoption.



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Shardbound to Launch Open Beta on Steam and Epic Games

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Shardbound to Launch Open Beta on Steam and Epic Games


Popular Ethereum-based strategy card game Shardbound is set to launch its Open Beta on October 9.

Developed by Bazooka Tango and built on Ethereum’s Layer-2 Immutable zkEVM network, the game will be available on both Steam and the Epic Games Store. This open beta phase will focus on gathering feedback to fine-tune the gameplay ahead of a full release, though the beta’s end date has not yet been confirmed.

With its upcoming beta, the developers hope to refine core elements whilst introducing blockchain integration, although some features will be limited based on platform restrictions.

Shardbound - Gameplay Source: Shardbound

What is Shardbound?

Shardbound is a turn-based strategy game that blends elements of deck-building and tactical combat where players create decks filled with unique cards, which they use to command units on a grid-based battlefield. The game offers multiple ways to win, such as through direct military engagements or by employing economic strategies to outlast opponents.

Originally developed by Spiritwalk Games, Shardbound launched in Early Access in 2017 after a successful crowdfunding campaign but never reached full completion.

Bazooka Tango acquired the game in 2023 and has since worked to incorporate web3 elements, particularly through the use of NFTs that represent in-game cards.

Shardbound - Open Beta
Shardbound - Open Beta Source: Shardbound

What can we expect from the Open Beta?

Beginning October 9, the Open Beta will be available on both Steam and the Epic Games Store.

One standout feature is that viewers will be able to join mid-game, offering a more interactive experience. Bazooka Tango will use feedback from the community during this phase to enhance and fine-tune the game’s mechanics. The beta will remain open for an undetermined period, with continuous adjustments being made based on player input.

Whilst the game is integrated with blockchain technology, some features will be limited on Steam due to the platform’s restrictions against NFT-enabled games. Players will still be able to obtain NFTs representing in-game cards through Immutable’s zkEVM network, but they will have to claim these via email codes or through Immutable’s wallet system.

More details on future NFT integration and long-term plans will be shared in the coming weeks.



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Trends In Digital Art

Digital art has become an integral part of today’s creative landscape, evolving rapidly alongside technological advancements. As tools and platforms continue to develop, artists find new ways to express themselves, pushing the boundaries of what is possible in the digital realm. This article explores the emerging trends in digital art, offering a glimpse into the innovative practices that are shaping the future of this dynamic field.

Exploring Emerging Trends in Digital Art Today

1. The Rise of NFTs and Blockchain Technology

Non-fungible tokens (NFTs) have revolutionized the digital art world by providing artists with a new way to monetize their work. By leveraging blockchain technology, NFTs offer a unique form of provenance and ownership for digital creations, addressing long-standing issues of copyright and duplication. This trend has not only opened new revenue streams for artists but also attracted a broader audience to digital art. As NFTs continue to gain popularity, they are driving a surge of interest and investment in digital art, encouraging artists to explore innovative approaches and expand their creative horizons.

2. Augmented Reality (AR) and Virtual Reality (VR) Art

Augmented reality (AR) and virtual reality (VR) are transforming how audiences experience art, offering immersive and interactive environments that challenge traditional perceptions. Artists are increasingly using these technologies to create works that engage viewers in novel ways, blending the physical and digital worlds. AR and VR art installations allow spectators to interact with artworks, explore different perspectives, and even become part of the creative process. This trend is redefining the relationship between art and audience, creating a more dynamic and participatory experience.

3. AI and Generative Art

Artificial intelligence (AI) is playing an increasingly prominent role in the creation of digital art. Generative art, which uses algorithms and machine learning to produce artwork, is gaining traction as artists explore the potential of AI as a creative partner. This trend allows for the creation of complex, intricate patterns and designs that were previously unimaginable. While some purists may question the authenticity of AI-generated art, it opens up new possibilities for collaboration between human creativity and machine intelligence. As AI technology continues to evolve, it is likely to further influence the digital art landscape.

4. Social Media’s Impact on Digital Art

Social media platforms have become crucial for digital artists, providing a space to showcase their work, connect with global audiences, and engage with fellow creators. This trend has democratized access to art, allowing artists to gain visibility without the need for traditional gallery representation. Social media also fosters the formation of online communities, where artists can share techniques, offer feedback, and collaborate on projects. As digital art becomes increasingly accessible, social media continues to shape the way art is created, shared, and consumed.

The digital art landscape is constantly evolving, influenced by technological advancements and shifting cultural paradigms. As artists continue to experiment with new tools and platforms, they are redefining the boundaries of creativity and expression. The trends discussed in this article highlight the innovative spirit driving digital art today, offering a glimpse into a future where technology and artistry are increasingly intertwined. As these trends continue to develop, they will undoubtedly inspire new forms of digital expression and expand the possibilities for artists and audiences alike.

Telegram Rings in the New Year with NFT Gift Conversion Feature – Cryptoflies News

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Telegram Rings in the New Year with NFT Gift Conversion Feature – Cryptoflies News


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Telegram has introduced a new feature allowing users to turn gifts into non-fungible tokens (NFTs).

In a blog post, the platform explained that gifts — artworks and animations used for celebrating holidays or congratulating others — can now be upgraded into NFTs on the TON blockchain. 

Once converted, these gifts gain unique traits, including custom designs created by Telegram artists.  

The NFT version of a gift reveals a new look from dozens of variations and additional traits, such as background colors, icons, and a unique number. This means each NFT artwork becomes unique, with some having a higher rarity level than others.

The process requires a small amount of Telegram Stars, the platform’s currency, to cover blockchain fees. 

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NFT gifts can also be transferred between users or sold on NFT marketplaces.  

Telegram CEO Pavel Durov first announced the feature in October. It follows other Web3 initiatives by the platform. In 2022, Durov proposed a marketplace leveraging “NFT-like smart contracts” for auctioning usernames. This idea materialized as Fragment, a platform where users can trade usernames like “@storm” and “@royal” using Toncoins.



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Ancient8 Opens Registration for OP Grant Program Season 1

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Ancient8 Opens Registration for OP Grant Program Season 1


Ancient8 has opened registration for its Grant Program Season 1, allocating a total of 200,000 $OP tokens provided by the Optimism Foundation.

Offering grants of up to 25,000 $OP tokens per project, the program is designed to drive innovation and growth in the blockchain gaming sector. The initiative provides funding, mentorship, and resources to support both established contributors within the Ancient8 ecosystem and newcomers with innovative ideas.

By focusing on both existing and prospective projects, the grant program aims to enhance tools, improve user experiences, and strengthen infrastructure essential for a robust blockchain gaming ecosystem.

What is Ancient8? Source: Ancient8

What is Ancient8?

Ancient8 is a community-driven, gaming-focused Ethereum Layer 2 solution designed to address the scalability and adoption challenges of web3 gaming and consumer dApps. Built on the OP Stack and enhanced with Celestia’s modular blockchain technology, Ancient8 combines speed, cost-efficiency, and advanced tools to provide an infrastructure for on-chain gaming development.

Ancient8 has evolved from a gaming guild into a comprehensive gaming infrastructure chain and seeks to empower the next 100 million Metaverse citizens. The platform is dedicated to driving mass adoption, democratizing access to gaming, and delivering a modular blockchain that enhances the on-chain experience for players and developers alike.

The Grant Program Season 1 is a significant step forward, powered by a 500,000 $OP grant from the Optimism Governance Fund. Ancient8 intends to utilize this funding to cultivate a dynamic ecosystem where creators and developers can collaborate, innovate, and scale their solutions.

Ancient8 Opens Registration for OP Grant Program Season 1
Ancient8 Opens Registration for OP Grant Program Season 1 Source: Ancient8

How does the Ancient8 OP Grant Program work?

The Ancient8 Grant Program Season 1 is powered by 200,000 $OP tokens from the Optimism Foundation, offering funding of up to 25,000 $OP tokens per project. The program is designed to empower projects to innovate, scale, and contribute to the growth of the Ancient8 and Optimism Superchain ecosystems.

The program focuses on two categories: Existing Projects and Prospective Projects, each with distinct timelines, eligibility criteria, and processes. Funding and milestones are tailored to each project’s architectural complexity, vision, and category, with all grants adhering to a one-year token lock-up period under Ancient8 and Optimism’s Collective Grant Policy.

Existing Projects: This track is for individuals and teams that have already contributed to the Ancient8 ecosystem. It recognizes their efforts and supports their continued work to drive long-term sustainability and impact. This category is intended to reward and scale up high-performing, scalable projects.

Jan 15 – Feb 28, 2025: Registration PhaseMar 1 – Mar 15, 2025: Screening PhaseMar 16 – Apr 30, 2025: Performance Review PhaseMay 1 – May 16, 2025: Decision-Making Phase

Eligibility Criteria:

Active contributions to the Ancient8 ecosystem.Demonstrated long-term commitment and measurable impact.On-chain activity, such as wallet interactions and verified contracts.

Process:

Applicants register with details of their contributions and key achievements.The Ancient8 Foundation Council conducts a two-month performance review.Shortlisted projects proceed to a community ranking and voting phase, where $A8 stakers decide the final funding recipients.Projects receive milestone-based rewards as they achieve set goals.

Community Involvement:

$A8 stakers participate in governance by voting on Snapshot during the Decision-Making Phase (May 1 – May 16, 2025).Participating stakers are incentivized with $A8 tokens, with details to be announced closer to the voting period.

Prospective Projects: This track supports new projects aiming to deploy or expand within the Ancient8 ecosystem. It emphasizes onboarding innovative initiatives that improve gaming infrastructure, user experience, growth tools, and content creator networks. This category intends to provide funding, mentorship, and resources to ensure successful launches and integrations.

Jan 15 – Feb 15, 2025: Registration PhaseFeb 15 – Feb 28, 2025: Preliminary Review PhaseMar 1 – Mar 15, 2025: Decision-Making Phase

Eligibility Criteria:

Clear project goals and budget allocation.Strong alignment with Ancient8’s ecosystem growth objectives.Demonstrated innovation and technical feasibility.

Process:

Applicants submit detailed proposals outlining their goals, budget, and expected outcomes.Proposals undergo evaluation by the Ancient8 Grant Council, with approval requiring at least 6 out of 10 votes from council members.Projects receive milestone-based funding tied to progress and delivery, as defined during the evaluation phase.

The grant evaluation process is overseen by experienced web3 professionals, including members of the A8 Governance Partners and the A8 Foundation Council. High-profile figures like Trung Nguyen, co-founder of Axie Infinity, are among the council members, ensuring a rigorous and credible selection process.

Interested applicants are encouraged to visit the official website for more information about Ancient8 Grant Program.



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Meta Unveils “Meta Motivo” AI Model to Advance Metaverse Experiences – Cryptoflies News

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Meta Unveils “Meta Motivo” AI Model to Advance Metaverse Experiences – Cryptoflies News


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Meta has announced the release of a new artificial intelligence (AI) model, “Meta Motivo,” which promises to enhance the metaverse experience. 

According to a blog post from the Meta Newsroom, the model is designed to control the movements of human-like digital agents, offering a more realistic experience compared to current digital avatars. 

“Meta Motivo” uses an unlabeled dataset of motions to train its system through “unsupervised reinforcement learning.” 

This approach enables the model to mimic human-like behaviors while maintaining zero-shot inference capabilities, meaning it can generalize to new tasks without additional training.

The model supports several advanced capabilities, including motion tracking, goal pose reaching, and reward optimization. These features could lead to more lifelike non-playable characters (NPCs), easier character animation, and the creation of new immersive experiences. 

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This release reflects Meta’s ongoing commitment to developing the metaverse, even as the company continues to face challenges in realizing the full potential of its investments. Despite significant spending, Meta has yet to achieve the expected outcomes from its metaverse ventures.

In December 2023, the company reported a sharp decline in VR headset sales, with a nearly 40% drop compared to the previous year. While Reality Labs, Meta’s division focused on virtual and augmented reality, reported over $1 billion in sales for Q4, it also disclosed an operating loss of $4.65 billion. 

As part of the company’s efforts to cut costs and fully focus on metaverse and AI-related projects, Meta will shut down its Spark AR platform on January 14, 2025, ending support for third-party augmented reality (AR) effects. 

In September, during the Meta Connect conference, the company unveiled several new products, including the AR glasses “Orion,” updates to Ray-Ban Meta glasses, and the budget-friendly Meta Quest 3S mixed reality headset. 



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Gordon Ramsay’s Hell’s Kitchen Metaverse Introduces Two New Gaming Experiences – Cryptoflies News

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Gordon Ramsay’s Hell’s Kitchen Metaverse Introduces Two New Gaming Experiences – Cryptoflies News


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The metaverse version of Gordon Ramsay’s reality show Hell’s Kitchen, originally launched in The Sandbox in 2022, has introduced two new gaming experiences: “Fork Off” and “The Chef’s Table.” 

The first game, Fork Off, is an arcade-style experience. Players navigate the game board, collecting ingredients while dodging various obstacles. The gameplay is fast-paced and designed to challenge players’ reflexes and decision-making skills. As they progress, players can power up their avatars to increase speed and collect more coins for extra points.

The Chef’s Table, the second new experience, offers a more interactive, storytelling approach. Players step into Gordon Ramsay’s iconic kitchen, where they take part in culinary challenges and creative tests. They can explore the kitchen, interact with team members, and engage in quests like solving puzzles or finding hidden ingredients. 

These new additions are part of The Sandbox’s Alpha Season 4, which offers over 100 unique experiences and 50 hours of gameplay. Players participating in these events can complete quests and earn rewards, with a total prize pool of over $2.5 million in SAND tokens.

Since their launch in early October — Fork Off on October 9 and The Chef’s Table on October 11 — both experiences have gained popularity. Fork Off has attracted over 34,000 plays, while The Chef’s Table has seen more than 45,000 plays.

Hell’s Kitchen entered the metaverse in August 2022, when The Sandbox partnered with ITV Studios to introduce the cooking-themed game. It was the first cooking-related experience to be featured on the platform, allowing fans of the show to engage in a virtual version of the competition.

Hell’s Kitchen debuted as a reality cooking show in 2005, hosted by celebrity chef Gordon Ramsay. The show features young chefs competing in various kitchen challenges to win the competition. The metaverse version adds a new layer of interactivity to the franchise, blending gaming with the culinary world.

Hell’s Kitchen is not the only reality show to make its way into the metaverse. Earlier in May, The Voice also expanded into The Sandbox, introducing “The Voice Coach Battle.” This gamified experience lets players act as celebrity coaches, influence the competition’s outcome, and earn exclusive rewards.



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Top NFT Collections – January 1, 2025 | NFT CULTURE | NFT News | Web3 Culture | NFTs & Crypto Art

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Top NFT Collections – January 1, 2025 | NFT CULTURE | NFT News | Web3 Culture | NFTs & Crypto Art


Top NFT Collections (Last 24h)

Here are the hottest NFT Collections of the day.

Rank

Name
Volume
Transactions
Chains
URL

1

Pudgy Penguins
600.56 ETH
27
ethereum
View

2
Top NFT Collections – December 28, 2024 | NFT CULTURE | NFT News | Web3 Culture | NFTs & Crypto Art
Azuki
383.60 ETH
31
ethereum
View

3
Bored Ape Yacht Club
Bored Ape Yacht Club
360.48 ETH
26
ethereum
View

4
Lil Pudgys
Lil Pudgys
264.35 ETH
115
ethereum
View

5
Azuki Elementals
Azuki Elementals
257.62 ETH
131
ethereum
View

6
USDApe
USDApe
238.00 ETH
538
polygon
View

7
CryptoPunks
CryptoPunks
196.33 ETH
5
ethereum
View

8
Fluid Vault
Fluid Vault
175.00 ETH
1
ethereum
View

9
Kaito Genesis
Kaito Genesis
141.08 ETH
12
ethereum
View

10
OCH Genesis Ring
OCH Genesis Ring
98.34 ETH
10
ethereum
View

The post Top NFT Collections – January 1, 2025 appeared first on NFT CULTURE.



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