Here are some of the major developments from the world of crypto over the past few days
Azuki DAO, an unofficial community decentralised autonomous organisation (DAO) surrounding the namesake non-fungible token (NFT) collection, has announced its rebranding to “Bean”. The announcement came after it decided to drop a proposed lawsuit against the NFT collection’s founder, Zagabond, over a $39 million minting affair.
In a statement sent to Cointelegraph, Azuki developers said it will rebrand into a memecoin project and become part of the Ethereum layer-2 Blast ecosystem. Developers also said that Bean has also secured $10 million from “prominent investors” for its development and acceleration within the Blast ecosystem.
The proposed Bean memecoin will have a total supply of 1 billion. Forty per cent of tokens will be allocated to its treasury, 50 per cent to Azuki DAO members, and 10 per cent to Azuki NFT creator Zagabond. Minting is only available to Azuki NFT holders, who must do so within 24 hours of the token’s launch or face “token burn”, it added.
Final Fantasy game developer Square Enix has announced auction dates for its upcoming Symbiogenesis NFTs.
In a social media post on November 24, 2023, the team said it would sell the NFTs in three batches. The first batch will be auctioned on November 27 and November 28, while the second batch will be sold from November 30 to December 4. This third batch will be sold on December 2 and December 3. Symbiogenesis is Square Enix’s upcoming blockchain game that features Ethereum-based NFTs.
According to the game’s documents, the first phase will include facet and mesh characters and will only allow “stakeholders” to participate. This seems to imply that only early investors will be able to participate in the November 27–28, 2023 phase. The second and third phases will be available to participants in an “allowlist entry campaign”.
Apparently, the game’s team ran the allowlist entry campaign from November 7-21. Collectors were asked to participate in a series of quizzes, as well as a “treasure hunt” that took place within a prototype version of the Symbiogenesis game world.
Cryptocurrency exchange CoinW has signed former Italian football star, Andrea Pirlo as its ambassador on its sixth anniversary. The legendary midfielder was one of the key members of the Italian football team that won the 2006 Fifa World Cup in Germany.
According to CoinW, this is the latest high-profile partnership it has secured since its launch in 2017, and executives have been driven by a desire to align with an array of top-tier entities. The exchange has been associated with La Liga and the prestigious Globe Soccer Awards Ceremony in the past — introducing its platform to new audiences.
Sonia Shaw, president of partnerships, CoinW said, “This collaboration stands as a vibrant celebration, weaving together excellence of both CoinW and Pirlo in their respective fields.”