Nike NFTs in EA Sports games Nifty Newsletter, May 31-June 6.

In this week’s newsletter, you can read about GameStop’s partnership with game company Illuvium to create an NFT platform. The newsletter also discusses how NFTs can store digital assets and how blue-chip NFT collaterals are being used in NFT lending. Additionally, Nike’s NFTs will soon be integrated into EA Sports games. Finally, the newsletter highlights upcoming blockchain games from Epic Games in this week’s Nifty News.

GameStop NFT back in the spotlight after partnership with Illuvium

GameStop has partnered with Illuvium to launch an NFT collection called Illuvitars. The collection will feature GameStop-branded Illuvitars that can be traded on Illuvium’s decentralized exchange. Holders of the NFTs will also have early access to Illuvium’s collector games. The collection will be available on June 12 and will include 20,000 NFTs.

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Here’s how developers aim to store crypto inside NFTs

In a Cointelegraph interview, Future Primitive’s Jayden Windle and Benny Giang spoke about ERC-6551 and how it allows NFTs to function as wallets. According to the duo, NFTs can now own any on-chain assets through the new token standard. The developers explained that the new feature could be applied to various industry sectors, from an inventory system in blockchain gaming to storing decentralized autonomous organization member histories.

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Blue chip collaterals help stabilize NFT lending: Paraspace

A report by Paraspace and BitKeep recently revealed that NFT borrowing and lending had reached over $430 million, with more than 43,000 borrowers participating. Popular NFT collections like Wrapped CryptoPunks, Bored Ape Yacht Club and Mutant Ape Yacht Club were some of the top sources of collateral for the loans. The introduction of a digital collectible lending protocol by NFT marketplace Blur also contributed to the growth. The platform recorded over $16 million in loans within a day of its launch, led by Taiwanese celebrity Machi Big Brother. However, the surge in total NFT market transaction volume in March, driven by Bitcoin Ordinals, declined to $330 million in May.

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Nike NFTs to make their way into EA Sports games and its millions of fans

Nike’s NFT platform, “.Swoosh,” has announced that it will soon integrate with EA Sports games. The integration is a significant step towards adopting Web3 technologies in mainstream gaming. The platform has announced that Nike’s “virtual creations” will be incorporated into EA Sports games in the coming months, although it has not revealed which games they will be included in. Ron Faris, Nike Virtual Studios exec, said it would “unlock” new experiences for the community.

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Nifty News: Pixel Penguin accused of ‘charity rug,’ Epic adds new NFT games and more

Epic Games has announced that it will add new blockchain games to its store, including a Pokemon-inspired combat game called Defimons and an open-world game called Project Red, which is similar to Grand Theft Auto. Additionally, more NFTs owned by bankrupt hedge fund Three Arrows Capital will go on sale on June 15, with Sotheby’s auctioning off 37 pieces in what they call the biggest auction for digital art.

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Thanks for reading this digest of the week’s most notable developments in the NFT space. Come again next Wednesday for more reports and insights into this actively evolving space.

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