Ethereum-Powered Sugartown Launches ’Cores’ NFT Collection on Abstract Blockchain
Sugartown, a GameFi platform originally developed under Zynga, has unveiled its new NFT collection titled ’Cores.’ Priced at 0.069 ETH ($175) per mint, this 9,999-unit collection features science-themed digital assets that provide access to minigames and rewards on the Abstract blockchain. This launch signifies a significant milestone for Sugartown following its transition from Zynga to D20 Labs last year, leveraging the expertise of crypto-native talent from the mobile gaming giant. With Ethereum’s current price at $2,608.37, this development highlights the growing intersection of gaming and blockchain technology, offering new opportunities for investors and gamers alike.
Sugartown Launches New NFT Collection ’Cores’ on Abstract Blockchain
Sugartown, the GameFi platform originally developed under Zynga, is rolling out a 9,999-unit NFT collection called ’Cores.’ Priced at 0.069 ETH ($175) per mint, these science-themed digital assets grant access to minigames and rewards on the Abstract blockchain.
The project marks a new chapter for Sugartown after its spinout from Zynga to D20 Labs last year, bringing along the mobile gaming giant’s crypto-native talent. The liquid-filled tube designs continue Sugartown’s tradition of catering to decentralized finance enthusiasts.
Abraxas Capital Accelerates Ethereum Accumulation with $84.7 Million Purchase
Abraxas Capital has intensified its bullish stance on Ethereum, acquiring an additional 33,482 ETH worth $84.7 million in the past 12 hours. The asset management firm’s aggressive buying spree over the past six days has amassed a total of 211,030 ETH, valued at approximately $477 million.
The latest purchase follows Abraxas Capital’s recent withdrawal of over $297 million worth of ethereum from exchanges, positioning the firm as one of the most prominent institutional bulls in the market. This accumulation coincides with Ethereum’s price surge above $2,500, signaling strong institutional confidence in the leading altcoin.
Ethereum Tests Key Resistance at $2,800 Amid Bullish Momentum
Ethereum’s price action has entered a decisive phase as it approaches the $2,800 resistance zone, a technical confluence marked by the 0.618 Fibonacci level and weekly swing highs. The asset maintains bullish posture above its 200-day moving average, with $2,000 emerging as strong psychological support.
Market structure suggests an imminent inflection point—either a breakout toward new yearly highs or a retracement to recharge momentum. Traders are monitoring the $2,800 level closely, where a decisive close could trigger algorithmic buying pressure across major exchanges.
Yuga Labs Transfers CryptoPunks IP to Infinite Node Foundation Amid NFT Market Flux
Yuga Labs has transferred the intellectual property rights of CryptoPunks, one of the most iconic NFT collections, to the Infinite Node Foundation. This MOVE comes as trading volume for CryptoPunks surged 170% to $2.8 million within 24 hours, sparking debate over whether this marks the end of an era for NFTs or a strategic shift to preserve digital art’s legacy.
CryptoPunks, a collection of 10,000 unique digital assets, became a symbol of the 2020–2021 bull market, fueled by frenzied demand for NFTs and DeFi. At its peak in August 2021, the collection saw $691 million in monthly sales volume. The feverish market even drove one collector to spend $23.7 million on CryptoPunk #5822 in February 2022, making it the fourth most expensive NFT ever sold.
While the 2021 NFT boom brought euphoria to crypto enthusiasts, the sustainability of such valuations remains uncertain. The transfer of IP rights suggests a pivot toward long-term stewardship rather than short-term speculation.
