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Innovative NFT Tourism Initiative in South Korea's Jeju Island

Monday. January 6 at 1:00 PM

1 min. read

Jeju Island in South Korea is planning to introduce NFT tourist cards to attract younger visitors. The island aims to launch digital tourism cards with NFTs in the second half of 2025, offering various benefits to travelers. By targeting millennials and Generation Z, Jeju hopes to increase the influx of younger tourists. Known for its scenic beauty and resorts, Jeju has a history of embracing crypto projects, including a blockchain-based contact tracing app. The NFT-linked tourist cards will provide subsidies and discounts for popular attractions on the island, such as the UNESCO-listed Seongsan Ilchulbong volcano. Officials have also discussed utilizing blockchain and NFTs to boost the local economy, particularly in tourism and fishing industries. With the growing interest in cryptocurrencies in South Korea, the introduction of NFT tourism cards could further enhance the island's appeal to tech-savvy travelers.

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Concerns Arise Over Reddit Avatar NFTs

Tuesday. January 7 at 7:00 PM

Holders of Reddit's Collectible Avatars NFTs are expressing worries about the future of the project following the departure of its head from the social media platform. Bianca Wyler, the former head of Reddit's Collectible Avatars, announced her exit on LinkedIn, leading to speculation among Redditors about the fate of the avatars. The NFTs, which feature Reddit's iconic alien mascot, were launched in July 2022 and have garnered over 33.5 million holders. Despite initial success, sales have declined in recent months. Wyler, who joined Reddit in June 2024, mentioned the need for strategic improvements to the program during her tenure. While uncertain about the program's future, she expressed confidence in Reddit's commitment to its community. The social media company has not provided any official statement regarding the situation.

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Trader Makes $3.2M Profit Amid Crypto Market Slump

Tuesday. January 7 at 1:00 PM

Despite a downturn in the crypto market, a trader managed to earn over $3.2 million in profit. The individual, whose identity remains unknown, transformed a $2,137 investment into $3.2 million by trading the newly introduced Hyperfy (HYPER) token. This impressive return represents a 1,500-fold increase in just 10 hours, as reported by blockchain analytics platform Lookonchain. Hyper was launched on Raydium as the utility token for the Hyperfy metaverse and gaming platform. The token reached an all-time high of $0.26 before dropping to $0.19. Despite the market cap exceeding $198 million, the broader crypto market has been struggling. Some traders, however, have been able to capitalize on the volatility, with one individual turning $27 into $52 million by investing in the Pepe memecoin rally. This showcases the potential for significant gains even in challenging market conditions.

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Empowering Retail Investors with Wall Street Pepe Token Presale

Tuesday. January 7 at 5:00 AM

Luzern, Switzerland, January 6th, 2025, Chainwire - Wall Street Pepe (WEPE) has successfully raised over $42 million in its current token presale. The project's goal is to offer WEPE token holders access to trading signals and market analysis tools typically reserved for professional investors. The presale enables investors to purchase WEPE tokens before they are publicly launched, currently priced at $0.00036642. Participants can buy tokens using cryptocurrency or a bank card, with prices expected to rise as funding milestones are achieved. The project has seen strong engagement, with over 26 billion WEPE tokens locked in through the staking app, eligible for daily rewards over three years. Security is a top priority, with a blockchain security audit confirming no critical vulnerabilities in the smart contract and ensuring a fixed token supply. Wall Street Pepe's unique approach combines frog-themed appeal with practical trading utility, offering retail investors market analysis tools and an exclusive community to enhance their trading experience.

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Vitalik Buterin's Charity Meme Coin Sales

Tuesday. January 7 at 3:00 AM

Vitalik Buterin recently sold a significant amount of 28 different meme coins, with proceeds going to his charity, Kanro. The total value of these coins reached approximately 984,000 USDC. Following the sale, some assets experienced drastic price fluctuations, with some dropping by more than 50% and others surging over 100%. Buterin, known as the founder of Ethereum, has previously conducted similar meme coin sales for charitable causes. His donations have supported various organizations, including the Khao Kheow Open Zoo and other charities. This time, all proceeds were directed to Kanro, Buterin's non-profit organization focused on combating pandemics. His philanthropic efforts have had a significant impact on the meme coin market, causing disruptions in prices and market values. Despite the volatility, Buterin's actions have also led to positive outcomes for some assets, showcasing the unpredictable nature of meme coins in the crypto market.

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