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Topics - Micky

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16
NFTs & Collectibles / Barbie Owner Mattel Inc. Mulls Issuing NFTs
« on: April 26, 2021, 05:27:15 PM »
Toy brands Barbie and Hot Wheels owner Mattel Inc. is joining the NFT bandwagon.
Mattel Considering Issuing NFT
The non-fungible token (NFT) fever is showing no signs of simmering down as according to a recent report by Ledger Insights, Mattel – the parent company of popular toy brands such as Barbie and Hot Wheels – is considering exploring NFTs as part of branding strategy.

Replying to a question during the company’s Q1 2021 earnings call, Ynon Kreiz, CEO, Mattel noted:

“This is definitely an area where we see opportunity, especially when you think about the built-in fan base, the collector segment for classic evergreen brands that we own and we expect to see opportunities there.”

Via NFTs, Mattel is looking into tapping the budding NFT market which recently witnessed a steep surge in demand courtesy of numerous high-profile NFT auctions.

For instance, famous rock music band Kings of Leon recently released its latest studio album in the form of an NFT. Similarly, Beeple sold his art in the form of an NFT for a whopping $69 million at the time.

For the uninitiated, Mattel’s target audience primarily comprises children. While it is typically the parents that make the decision to buy any toy for their kids, children are essentially the ones that have an interest in the product. Should children get into NFTs at an early age, it would lead to the creation of a generation where NFTs not only become mainstream but also a part of everyone’s lives.

A comparison can be drawn with McDonald’s and its famed Happy Meals. Regardless of the fact if someone is a fan of McDonald’s, the vast majority of children love McDonald’s and its Happy Meals that include toy giveaways.

NFT Adoption Continues to Grow
Close followers of the cryptocurrency industry remember the recent NFT euphoria that firmly established its grip over the wider digital asset market.

As reported by BTCManager on March 6, Twitter CEO Jack Dorsey minted the first-ever tweet ever posted on Twitter on Ethereum-run NFT platform Cent.

In similar news, BTCManager reported that the NFT platform Ethernity would release Pele NFTs on May 2, 2021.

Barbie Owner Mattel Inc. Mulls Issuing NFTs
https://cryptonews.net/578646/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

17
The Oscars have decided to pay their last respects and homage to the late actor Chadwick Boseman through an NFT artwork by AdVenture Media.

Although there was a social media uproar after Anthony Hopkins received the award for his work in ‘The Father’ instead of the young late actor. The launch of his NFT is seen as an attempt to mitigate the outrage and pacify the angry fans.

Boseman died of a rare cancer last August and had been reserved a posthumous nomination for his work in Netflix’s ‘Ma Rainey’s Black Bottom,’ which was strongly favored to win coming into Sunday’s ceremony.

Social Media Outrage on Anthony Hopkins Oscar Win
Died at the age of 43, Boseman had already conquered multiple awards like Critics Choice Award, Golden Globe, and Screen Actors Guild award for the role, and many pundits predicted a deserved victory.

Social media claims false practices to manipulate the oscar names. The outrage is clearly seen when Hopkins’s name was announced in the show. In reality, it might be the case of proof that even organizers don’t know who’s name will be announced prior to opening the envelope. The tea leaves seemed easy to read, particularly after producers shifted the best actor win to the last award of the night.

Chadwick Boseman Paid Homage with NFT
Isaac Rudansky, the founder of AdVenture Media, stated; “This rare special edition NFT is the very first offered as a tribute to the prolific actor, a unique piece of art which is limited to just 1 edition and will never be minted again.”

Rudansky added that NFT “commemorates Chadwick’s incredible legacy while supporting the nationwide initiative to bring 10,000 colorectal screenings to underserved communities in 2021 through CCF.”

In the event, it is also mentioned that the nominees of the Academy Award would receive a one-of-a-kind digital artwork manufactured by artist Andre Oshea, redeemable by an NFT – a non-fungible token.

The artist’s NFT of the late actor, according to a press release, is a “celebration of Black creativity in cinema and art, and a salute to Boseman’s undeniable cross-generational influence as the first superhero of African descent Black Panther.”

The Oscars Pays Chadwick Boseman Homage Through an NFT
https://cryptonews.net/580770/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

18
Trevor Lawrence, universally expected to be the No. 1 pick in the 2021 NFL Draft this week, is going crypto.

No, he's not selling an NFT (yet). Lawrence has signed a multi-year, multi-million-dollar endorsement deal with Blockfolio, a crypto portfolio tracking app acquired by crypto exchange FTX last year.

Blockfolio isn't sharing the price tag of the deal, but says it includes a "significant signing bonus" that will be paid completely in cryptocurrency, directly into Lawrence’s Blockfolio account. There's also a charitable element, something important to both Lawrence and FTX CEO Sam Bankman-Fried: the deal will include a $100,000 joint donation to be announced after the NFL Draft.

Lawrence has already signed endorsement deals with Adidas and Gatorade, with many more surely on the way. Blockfolio parent company FTX has just signed a 19-year, $135 million deal to be the naming rights sponsor of the Miami Heat arena, and FTX COO Sina Nader tells Decrypt more sports marketing deals are on the way for the company.

Nader says Lawrence aligning with a crypto company "speaks to increasing awareness and mindshare when it comes to what people are aware of in finance. Once you start to see names like Trevor Lawrence, and prominent people in entertainment, the taboo is officially shattered. People are realizing that crypto is a real thing."

FTX says it is the largest crypto exchange in the world outside of China, with more than $10 billion in average daily volume internationally. (Its global business, FTX.com, does not operate in the U.S., where it has a separate company, FTX.us; Sam Bankman-Fried is CEO of both.) Despite its size and rapid growth, Nader acknowledges, "Outside of hardcore crypto folks, FTX as a brand is not very well known. We’ve been quietly off in the corner doing our crypto thing. So we want people to have heard of us, and trust us, so that when they’re ready to think about crypto, they think of us."

FTX is hardly the only crypto company jumping into sports marketing: Crypto.com signed a sponsorship with the Montreal Canadiens last month, and the Dallas Mavericks partnered with BitPay to accept Dogecoin for merchandise.

And Trevor Lawrence is hardly the only football player making crypto moves. Tom Brady launched an NFT platform with execs from Apple, Spotify, and DraftKings on board as advisors, while Rob Gronkowski, Patrick Mahomes, Vernon Davis, and the Manning brothers all launched their own NFTs (non-fungible tokens). Will a New York Jets signing day NFT be Lawrence's next business move?

Top NFL Prospect Trevor Lawrence Signs Deal with Blockfolio, Will Receive Bonus in Crypto
https://cryptonews.net/580820/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

19
BitBoy, the popular crypto streamer with over 750000 followers and co-host of the New Money Gang podcast, announced that his Theta NFTs will be launched on ThetaDrop in May. He's a part of a group of creators who are launch partners for the ThetaDrop general NFT marketplace.

BitBoy tweeted:

"We love #NFTs! We're doing an exclusive drop with @Theta_Network / @ThetaDrop. With unlockable NFTs to include merchandise, in-person meetups, and the chance to play a game of online poker with me! Coming May 2021."

Theta's NFT marketplace will open up broadly in May and June and showcase partnerships with brands such as World Poker Tour. BitBoy's website, BitBoyCrypto, dedicated to educating and informing the public on Bitcoin and cryptocurrency, will also launch his Theta NFTs.

BitBoy NFTs Come With Real Value Perks
BitBoy is incredibly popular, and his Youtube videos garner daily view counts higher than 200000. The NFTs built on the Theta blockchain will be released as a part of a dedicated section on his website. BitBoy will go live during the NFT drop.

The NFT drops will be created in the BitBerse comic-themed art style and will be very eye-catching. These are not just for collecting but also linked to real value items that buyers can redeem in real-time or at a later date.

The real value items include a private zoom call with BitBoy, exclusive BitBoy merchandise, in-person meetups, and the chance to play a game of online poker with him. The purchasers of the NFTs will receive an exclusive badge allowing them to chat on THETA.tv.

ThethaDrop Offers Real-Time Interaction Between Creators And Buyers
ThetaDrop's real-time NFT marketplace allows the artist or influencer to interact with their fans directly. This is an excellent method to increase engagement and interactivity on a global scale. The NFT drop mimics the social aspect of traditional art gallery openings where the artist and the buyers meet and greet each other.

NFTs are gaining a lot of attention and traction among creators and influencers. The theta platform offers a lot of value while creating NFTs as gas fees are 99% cheaper than Ethereum. The platform provides fast transactions and has low energy demands due to Theta's Proof of Stake consensus protocol.

ThetaDrop TFUEL Transactions Packed With Benefits
Theta's utility token is TFUEL, and users of the ThetaDrop platform will need this token to create, buy, sell and transact digital NFT assets. Once the NFTs are minted, buyers need to use TFUEL to purchase NFT packs and pre-fund their account with the token to gain added benefits.

Sellers who are offering NFTs can accept TFUEL as a form of payment. Upon transferring NFT from the seller to the buyer's wallet, TFUEL transaction fees will be burned. Utilizing TFUEL on the ThetaDrop platform will grant additional benefits too. The team will disclose these benefits soon.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Popular Crypto Streamer, BitBoy, To Launch NFTs Via ThetaDrop In May
https://cryptonews.net/571012/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

20
Just in time for Oscar Sunday, iconic rapper and Oscar winner for “Lose Yourself” in 2003, Eminem, in partnership with Nifty Gateway, has unveiled his first NFT at Shady Con. The world-famous artist, born Marshall Mathers, is the latest in a line of celebrities, musicians, and athletes getting in on the NFT craze. Eminem has partnered with Nifty Gateway, the NFT platform owned by Gemini, to release his first NFT this Sunday, April 25, 2021.

🔥Surprise🔥

We're excited to announce that @Eminem is dropping this Sunday - April 25th on #NiftyGateway!

Look out for more information and details to come👀 pic.twitter.com/GoZAPOID8F

— Nifty Gateway (@niftygateway) April 20, 2021

It may have been the recent Saturday Night Live (SNL) skit on NFTs that piqued the rapper’s interest. In the skit, a rapper played by SNL cast member Pete Davidson explained what NFTs are to the tune of Eminem’s “Without Me.”

What the hells an NFT? Guide to the @niftygateway drop on the site - https://t.co/aVekoOLBKl pic.twitter.com/EGMl0FPQsY

— Marshall Mathers (@Eminem) April 25, 2021

There are three types of NFTs up for sale, each of them high-quality animations with an original beat produced by Eminem himself. There of 50 editions of each of the first two NFTs, which are titled "TOOLS OF THE TRADE" and "STILL D.G.A.F". They cost $5,000. Those quick enough to buy them will also receive a physical print, numbered by hand and autographed by the rapper. The third, "STAN'S REVENGE," is an edition of one, and will sell to the highest bidder.  It is unclear who animated the NFTs.

“I wanted to give this drop the same vibe of, ‘Oh, man I gotta get just that one or maybe even the whole set!’ It’s been a lot of fun coming up with ideas from my own collecting passion,” Eminem said in a statement on his official website.

“We’re thrilled to welcome Eminem to our platform,” said Ashley Ramos, Senior Producer at Nifty Gateway, “demand for NFTs continues to grow and we’re excited to bring this collaboration to our community and give them access to new artwork and music on Nifty Gateway’s marketplace.”

The news comes as several musical acts are joining in on the NFT craze, including Snoop Dogg, Weezer, A$AP Rocky, Boy George, Aphex Twin, Grimes, The White Stripes, and Kings of Leon

Founded in 2018 by Duncan and Griffin Cock Foster, Nifty Gateway was acquired by Gemini, November 2019. The Eminem NFT drop will take place during Shady Con, the weekend of April 25, 2021.

Eminem partners with Gemini’s Nifty Gateway to Launch his First NFT
https://cryptonews.net/577976/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

21
Non-fungible tokens (NFTs) are storming the gaming market as decentralized collectibles, cards, unique powerups and a slew of in-game content are making their way into all manner of games ranging from RPGs to high-class adventures with engrossing tales and character development. It seems NFTs have managed to breathe new life into the decentralized gaming sector, adding tremendous value to digital content that is being turned into unique sets of assets players are vying to shell out top dollar for. The following is a short list of the top Token Sales in the decentralized gaming sector that are set to rock the month of April.

1. Sorare
Raised: $60 million

Sorare opens up the list of interesting token sales for the month as a fantasy-football game with NFT integration that has attracted the interest and excitement of both the gaming and investor communities. Sorare offers players a selection of unique football player cards that can be bought and used in-game to control characters, form teams, win championships and valuable prizes.

Sorare already has an established fan base as over 130 football clubs are already partners of the project and sales volumes of the game’s collectible cards have exceeded $4.2 million from 120 countries in January of 2021 alone. The latest funding round headed by venture fund Benchmark Capital attracted $48 million to the project, propelling the total amount of funds raised to just over $60 million.

2. Boson Protocol
Raised: $36 million

The Boson Protocol is the next major player on the list striving onto the arena with its innovative product offering in the form of a capture resistant dCommerce ecosystem using NFTs encoded with game theory. At its core, Boson is public infrastructure for coordinating commerce transactions, hosting all manner of Dapps, and allowing its participants to conduct transactions with NFTs.

The project has been highly successful so far in attracting funding, as its latest public round ended with the raking in over $25.8 million in funds, raising the total amount to over $36 million, highlighting the prospects investors see in the endeavor.

3. Enjin
Raised: $18.9 million

Enjin is up next on the list as a fully NFT-dedicated platform that is making the transition to the Polkadot blockchain to ensure better throughput, transaction speeds and overall user experience in the NFT space. Enjin (ENJ) is more of a product ecosystem that is aimed at offering developers the tools and environment necessary for creating advanced virtual worlds and economies.

As a fully decentralized product that already supports such exciting games as Rust – a post-apocalyptic sci-fi universe, Enjin enjoys the support of investors, both minor and major. The platform has successfully attracted $18.9 million during a private token sale round led by Crypto.com Capital, DFG Group and Hashed, which has given the project the funds necessary to continue development.

4. Chainbinders
Raised: $7.5 million

Next up on the list of exciting token sales in NFT-based gaming on decentralized platforms is Chainbinders – a Japan-inspired game from DokiDoki Finance (DOKI). The game revolves around a host of 15 characters called Chainbinders who inhabit a post-apocalyptic world and strive to unravel the mystery surrounding the cataclysm that had shattered their home. The heroes are endowed with supernatural powers; the set includes 100 unique cards that can be obtained through gacha-style digital slot machines and then sold on the open market in NFT format.

Apart from its exciting premise, profound storyline and mesmerizing style that was created by over 50 artists, musicians, and songwriters, Chainbinders also sports an advanced game theory that foresees the burning of cards to increase redeem Ethereum and, subsequently – the price of remaining cards. Chainbinders has successfully raised over $5 million worth of financing on the first day of its sale, with $3.8 million received in under 2 hours, no less. The total amount of funds raised so far is $7.8 million. The project is surely worth keeping an eye out for.

5. ​​​​​​​Illuvium
Raised: $5 million

Illuvium (ILV) is more than just a decentralized DApp – it is a full-fledged game – a fantasy battle game at that, which offers players an open-world RPG with beasts ripped right out of prehistoric times when the world was young and a cataclysm that sends tremors of chaos across the in-game universe. The players of Illuvium are sent on an adventure to hunt and capture deity-like creatures called Illuvials while uncovering the dark secrets of the world and the reasons behind the cataclysm.

The game’s premise proved exciting enough to bring in over $5 million from Framework Ventures – an established venture capital fund operating on the decentralized finance market and engaged in supporting promising startups. The NFT autobattler game has hit the target when it comes to unique content as players have supported the project’s strive to offer collectible beasts that can be sold on the open market, with some fetching impressive prices.

Top 5 Biggest Token Sales of Month In The NFT Gaming Sector
https://cryptonews.net/577998/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

22
Quick Take
Major auction house Phillips just sold its first non-fungible token (NFT) for $3.4 million.
The NFT, titled “REPLICATOR,” is designed to create new, unique tokens over the next year.
The digital artist who created the NFT, Micah Dowbak or “Mad Dog Jones,” says the piece explores how technology has changed through time.
Major auction house Phillips has just sold a "self-replicating" non-fungible token (NFT) for $3.4 million.

The NFT, titled “REPLICATOR,” was created by digital artist Michah Dowbak, also known as Mad Dog Jones. The piece marks the auction house’s first-ever NFT sale.

Amidst all the hype that has surrounded NFTs as of late, the REPLICATOR is even rarer than the average unique digital collectible because of its nature.

Visually, the NFT features an image of a photocopier in a downtown Los Angeles office space. But technically, things get a little more complicated.

The REPLICATOR is essentially a custom smart contract on the Ethereum blockchain built under the ERC-721 standard. In other words, this type of token is unique and can have a different value from another token from the same smart contract. The piece is designed to create new, unique NFTs over the next year. All of the replication logic has been coded into the contract i.e., probability functions, replication timing, ownership rules, number of generations, and even the likelihood of “jams” which would stop a generation of the NFT from being further replication. 

Dowbak says he created the REPLICATOR to try to discover new ground in the NFT space.

“I liked the idea of making something that had more of a life than just the initial release, giving me a chance to tell a larger story,” he said in a statement shared with The Block. “Once the idea of a replicating NFT was in place it took some time to find a core theme that felt compelling. As soon as the idea of a photocopier came into my head I knew it was perfect. The story of a machine through time.”

According to Rebekah Bowling, a specialist of the 20th Century & Contemporary Art department at Phillips, the most compelling part of the REPLICATOR is the way it relies on technology to do what it is meant to do.

“It’s a cool use of technology and a really compelling art object. Its form and medium have such a meaningful relationship,” she said.

When asked if Phillips plans to sell more NFTs, Bowling said the auction house hopes to work with artists that have already made a name for themselves as well those who are exploring the space in an interesting way. Bowling also addressed some of the criticism NFTs have gotten in recent weeks.

“The things [NFTs] that are going to last are conceptually tight and interesting,” she said. “While there is some speculation going on, the possibilities that this technology is offering, especially to digitally native artists and to artists that haven’t had a way to commercialize their work before, for them this could be life-changing.

Dowbak says he doesn’t expect to create another self-replicating NFT, calling the REPLICATOR a “contained idea” that needs “its own spotlight and journey.”

“What makes REPLICATOR special, other than the new ground it's breaking is that its path is unknown,” he said. “I love the idea of non-deterministic art. The unknown bounty and drama that will unfold with be a completely new experience for collectors and viewers.”

Image taken from Phillips website, created by Mad Dog Jones.


© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Auction house Phillips sells 'self-replicating' NFT for $3.4 million
https://cryptonews.net/571564/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

23
Unique items have long been attracting collectors who are willing to pay top dollar to get them. Paintings, baseball cards, stamps, vintage cards and rare coins have all been sold at huge premiums to collectors in the past. Now, these items are moving into the digital realm, thanks to the use of blockchain technology.

These items are now represented on several different blockchain networks as “unique” digital assets known as nonfungible tokens. The use of blockchain technology means that authenticity and ownership are easily verifiable, especially in a world where scarcity plays a vital role in the valuation of an asset.

A piece of art originally created by the renowned street artist Banksy, was turned into an NFT version of the physical painting that was destroyed on purpose — later sold for nearly $400,000. Anita Moore, CEO at Blind Boxes, an NFT platform for digital artwork, told Cointelegraph, “By decentralizing the concepts of provenance and authenticity, NFTs are revolutionizing the way we think about ownership and value.”

What are NFT trading cards?
NFT trading cards are virtual representations of their physical underlying asset. By being represented on the blockchain, these cards are granted immutability and public verification of ownership. Even if the physical version is lost or destroyed, the NFT will endure and live on the blockchain for as long as the latter exists.

People can create a virtual representation of these cards by creating a token on Ethereum or other smart contract blockchains. These tokens are non-fungible and contain metadata about the card, especially its image. These can be stored, viewed and transferred via an NFT-enabled wallet.

There are many platforms where people can create, buy and sell these items. Some of the biggest are currently OpenSea and Hoard.exchange, among others.

Collectibles are growing as an investment
Trading cards, much like artwork, are unique items, and their move into the digital realm is growing at a pace where collectibles as a whole are becoming an investment class. Outside of the cryptocurrency space, trading card sales have been taking off.

Nick Rose, founder and CEO of the NFT platform Ethernity Chain, believes that by backing these tokens themselves, celebrities and influencers are delivering the realness-value to the assets, telling Cointelegraph,

"It is clear that authenticated NFTs from actual real world sports and entertainment figures are the only real future for NFT collectibles. When we launch a drop with Tony Hawk, Muhammad Ali or the legendary footballer Pele - These are all authenticed, endorsed and backed by these people - thus creating an actual underlying value for them."
There are many examples of successful ventures in the collectable NFT space. The price of mint condition cards on the trading platform StockX has jumped from $280 to an average of $775, from a year ago. A rare Tom Brady card was sold for $1.3 million on the platform recently, as it’s one out of 100 of its kind from his rookie season.

Many traditional investors have started turning to riskier asset classes like cryptocurrencies and blockchain companies. However, when asked about this recent trend Radek Zagórowicz, CEO at Hoard Exchange, a blockchain gaming platform, warned about the dangers of blindly following “hype trains.” He explained to Cointelegraph,

“NFT is a new digital revolution, but as with every new technology, it is very often misused. There's a lot of projects that want to use it only as a promotion tactic, as opposed to a real valuable purpose. Investors have to be very careful and not to invest in every project which mentions NFTs as it was with blockchain a couple years ago.”
These events unfold as millions are laid off over the lockdowns issued in an attempt to curb the growth of the COVID-19. As the economy tumbled, countries like the United States, Brazil, Germany and Japan slashed interest rates and bought government bonds, making them less attractive for investors.

At the same time, quantitative easing has also led to hyperinflation fears, leading traditional investors away from stocks and fiat currencies, and into the precious metals and cryptocurrencies; with the newest interest being NFTs.

Mainstream artists, organizations dive into NFTs
Over 230,000 NBA fans have joined NBA Top Shot to own moments of NBA’s history as NFTs, and MLB and its players have now announced the launch of new NFT trading cards, in partnership with Topps, the leading trading card maker in the United States.

Dapper Labs, the company that created the popular NBA NFT trading cards, has secured $305 million in a single funding round by providing tokens of sports icons. Well-known figures in the NBA have participated in the funding round, including Michael Jordan, Alex Caruso and Kevin Durant.

YouTube star Logan Paul has also entered the NFT craze with the sale of 3,000 NFTs, including Pokemon cards, making over $5 million. Demand for the NFTs was partly driven by a contest that distributed three first edition packs of Pokémon cards to buyers, valued at $40,000.

Renowned artists, celebrities and major sports organizations may be jumping into the NFT trading card hype as a way to reach new audiences, but many believe that NFTs are just beginning to show their true potential. John Wu, President of Ava Labs, the DApp development platform also supporting Avalanche (AVAX), told Cointelegraph,

“We’re still just scratching the surface of NFTs potential, but the excitement from global, household brand names is very real. The brands we’ve been speaking with about launching NFT projects on Avalanche cover the full spectrum of art to sports to events, and see the vast potential of adapting collectibles to the internet economy.”
True asset ownership is not the end
Ultimately, the trading and collectable card industry has been around for a long time, but the authentication and preservation models, who value their mint condition, have become a cumbersome factor. Blockchain technology could provide a solution to these issues. However, this changes the whole dynamic of the collector market, given that the scarcity of mint condition cards is where the value comes from.

While some have built fortunes by participating in this nascent market, NFTs do come with a high degree of risk. The traditional sports card and memorabilia market alone was estimated to be worth over $5.4 billion in 2020. On the other hand, Dapper Labs is now valued at $2.6 billion, having grossed around $230 million in sales as of the end of February.

Thus, NFTs are unsurprisingly not quite there yet, however they do contain a valuable asset that can take the market further. Additionally, owning an NFT does not automatically mean that a physical version of the card should not exist. Just like with Bitcoin, a physical version of the coin may exist and prove ownership of the wallet that contains the holdings.

Bitcoin and other cryptocurrencies and tokens have allowed people to be their own bank and own their own money. NFTs are now doing the same for other asset classes, but the use of NFTs doesn’t end there. According to James Hakim, CEO of Curate, an all-in-one NFT marketplace app, told Cointelegraph:

“We're moving towards NFTs with utilities, not just tokenized digital art. Soon we'll be do a lot more with our NFTs, such as use them for staking, pay for goods, authentication and loyalty rewards”

NFT trading cards: A new way to own collectibles or an asset bubble?
https://cryptonews.net/575232/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

24
IOTA Foundation has stressed many times that non-fungible tokens are among its top focuses. Now, the NFT Marketplace team is ready to unveil its first such project.

NFT Marketplace introduces first digital collectibles project on IOTA
NFT Marketplace revealed that the first NFT project on IOTA's Pollen is under construction now. Fullstack developers, IOTA developers and UI/UX designers joined forces to bring digital collectibles trading to IOTA.

IOTA NFT marketplace will launch soon
Right now, the project is approaching its "minimum viable project" phase. The working MVP will be released on IOTA's Pollen with basic functionality activated.

Namely, the MVP will allow customers to mint and trade NFTs from the first days in operation.

Negligible operational fees are the rationale for NFT Marketplace to choose IOTA among other programmatic platforms. The team highlights that the design of IOTA's Tangle allows it to operate an NFT platform with zero fees for customers.

Designers invited to attend Chrysalis Art Contest
To promote the concept of IOTA-based NFTs, the NFT Marketplace team announced a digital art contest. All Chrysalis-themed artwork will be accepted.

Artists should share their masterpieces on social media and add the phrase, "This is my submission for the IOTA NFT Marketplace Contest @NFTIOTA."

As covered by no link shorteningday previously, IOTA Foundation has started migration of the blockchain to the Chrysalis stage. The first elements were moved on April 21.

The Chrysalis upgrade and Firefly wallet are two important steps to Coordicide that will make IOTA fully decentralized.

IOTA to Have Its Own NFT Marketplace: First Details Announced
https://cryptonews.net/575430/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

25
A collection of 50 CryptoPunks has been fractionalized into millions of tokens, each representing part of the collection.

CryptoPunks are one of the earliest forms of non-fungible tokens (NFTs) on the Ethereum blockchain. NFTs are unique tokens that represent digital content such as images, audio or video. Created by Larva Labs, there are 10,000 CryptoPunks, each showing a pixelated face; either men, women, apes, zombies, or aliens.

CryptoPunks have relatively few sales, especially compared to NFT basketball trading cards NBA Top Shot, but they are typically some of the most expensive NFT sales. According to NFT tracker CryptoSlam, the most expensive NFT collectible sale ever (excluding artwork) was for CryptoPunk 7804—an alien with small shades, a pipe and a cap—for $7.7 million.

What does it mean to tokenize a collection?
In the blockchain world, it’s very easy to create tokens that can be used to represent pretty much anything. In this case, the original CryptoPunks are effectively frozen on the blockchain and these newly created tokens (called Wrapped CryptoPunks) become temporary versions of them.


CryptoPunk #7804 (Image: Larva Labs)
The difference is that thousands of tokens can represent one CryptoPunk (or a collection of them), meaning that each token represents a specific, tiny percentage of the original artwork, or collection of artworks. And when CryptoPunks are being sold for millions of dollars, being able to buy a small percentage of one allows smaller investors to get involved.

If CryptoPunks become more valuable, in theory the tokenized shares do too. In practice, this may not be the case because they’re traded on the open market, meaning they're subject to supply and demand.

50 CryptoPunks NFTs Go Fractional in New Collection
https://cryptonews.net/560332/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

26
A group of anon uni students has come up with a way to hit former President Donald Trump where it hurts: by using his Tweets against him to raise money for charities they believe he "despises".

'Strategic Meme Group Incorporated' has set up the website Drumpfs.io to sell Trump's tweets, at least as recorded by the Trump Twitter Archive. However, there's no digital certificate of authenticity and the legal status of "ownership" of Tweets outside of the Twitter platform is dubious, to non-existent. One hundred of Trump's most infamous Tweets are selling for 4.5 ETH each, while regular missives from the former Leader of the Free World change hands for 0.0232 Ether.


Around 97% of the money raised will be donated to Americares, Clean Air Task Force, ACLU, Southern Poverty Law Center, Doctors Without Borders, and NAACP, while the rest will fund overheads. Drumpfs can be resold on secondary platforms.

Carbon offsets for NFTs
NFTs have become an unlikely poster child for ruining the environment, ahead of other candidates like international flights, heavy industry and car commuters. Various estimates suggest OpenSea is responsible for a cumulative 67.8 million kilograms of carbon emissions while The Weekend's NFT recent drop apparently emitted more carbon than a plane flying New York to London 86 times.

Now purchasers can simply paste in the collection address of an NFT drop into the Aerial platform and it'll tell you how many carbon credits you need to buy from them to balance the scales. You can pay with either USD — or weirdly enough, Ethereum, a payment which itself presumably requires additional carbon credits.  Aerial co-founder Andreas Homer said:

"We really want to shed light on the environmental consequences of blockchain transactions, and give people those ways to mitigate them through carbon offsets.”

CryptoPunks go to pieces
CryptoPunks are among the earliest, and consequently most valuable, NFTs on the Ethereum blockchain with individual punks selling for more than $7 million each. In other words most of us can't afford one to hang in the digital pool room. The Unicly CryptoPunks Collection (uPUNK) will offer 250 million fractional shares in a collection of 50 CryptoPunks. It's the largest collection of Punks to be tokenized so far (but it's not the first attempt to do so).

At present 80 investors have created 3.6M shares at 5 cents each. While there's growing interest in fractionalizing high value NFT collections, SEC Commissioner Hester Pierce has warned such tokens could run afoul of securities laws.

50 CryptoPunks have been fractionalized into uPUNK on Unicly.

This is the largest fractionalize CryptoPunks collection ever!

Now, NFT lovers can buy CryptoPunk NFTs without having to buy the whole NFT.https://t.co/bK5fZkwtfr pic.twitter.com/LYQy4rXEuy

— Leia Fisher (@0xLeia) April 21, 2021
Drop it like it's Dogg
When he's not flogging food delivery services like Menulog in Australia ("chicken wings to the crib") Snoop Dogg can be found toiling away in the NFT mines. He dropped an NFT collection on OpenSea on 4/20 (a day sacred among smokers) in collaboration with the artist behind the Nyan Cat meme. "Nyan Dogg", which is pretty much exactly the same thing but with a dog, sold for a little over 14.2 ETH.

Meme based NFTs are hot property right now with the 'Overly Attached Girlfriend' NFT selling recently for $411K and 'Bad Luck Brian' selling for $36K. LA Mag notes that NFTs are finally allowing meme creators to profit from their work.

Nifty News: NFTs for Trump-haters, carbon offsets, fractionalized CryptoPunks and more
https://cryptonews.net/561838/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

27
The founders of a Las Vegas mob attraction are launching mob-themed nonfungible tokens encompassing digitized versions of real-world organized crime memorabilia.

Dubbed “The Mob Experience,” the collection includes NFT versions of artifacts that belonged to some of America’s most notorious gangsters. The artifacts include a hand-written note from Al Capone to his son, written from Alcatraz; the hand-written diaries of Meyer Lansky; Bugsy Seigel’s handgun, and Mickey Cohen’s brass knuckles, among other historical pieces.

The collection will be auctioned over a two-week period starting from April 22, according to a recent press release. But given the dramatic turn the NFT market has taken in the past month, is “the mob’s” arrival on the token scene a little bit late?

Data from Nonfungible.com reveals almost every meSPAM BANble metric relating to the sale of NFTs has plunged of late. The frequency of NFT sales dropped 30% over the past month, from 179,656 to 124,371.

Meanwhile, the total value of NFT sales measured in U.S. dollars dropped 15% from last month’s rolling average of $229,945,000, to the most recently measured data point of $193,261,000.

The number of active NFT wallets decreased 24% in the same period, while the number of unique buyers of NFTs dropped by the same percentage.

A recent Bloomberg report suggested that the average value of each purchased NFT dropped 70% moving into April. From a February high of $4,300, the average price paid for an NFT dropped to $1,400 just a couple of months later.

The Mob Experience’s decision to enter the NFT market was sparked by cryptocurrency investor Michael Evers. Evers talked up the rarity of having a museum-quality collection converted into NFTs.

“Never before has a museum quality collection been tied to the NFT market. The opportunity for Mob fans and collectors, as well as NFT owners, to be the only one in the world to own an extraordinary and unique, One of a Kind piece of history is an exciting new first for the NFT marketplace,” said Evers.

NFTs and the mob: When gangsters enter, is it time to leave?
https://cryptonews.net/562306/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

28
Shepard Fairey, the artist behind former President Obama’s “Hope” campaign poster, says an imposter account is selling his work as an NFT.

On Twitter, he wrote that an unverified account with the handle @obeygiantart was auctioning off one of his pieces on the NFT marketplace Rarible (Fairey’s Twitter handle is @obeygiant).

Please note: There is someone on @rariblecom impersonating me. This account: https://t.co/0DzFudkNC1 is fake and the NFTs they are selling are not authorized. It would be great if someone at Rarible could assist us with this. /cc @insider0x

— Shepard Fairey (@OBEYGIANT) April 19, 2021

It’s a tale as old as the internet itself—impersonator accounts have been an issue on Twitter and Facebook since the very beginning. It’s why blue-check verification systems were first developed: to tell the real accounts from the fake ones.

The Fairey imposter was likely inspired by Fairey’s actual NFT, which was released last month.

NFTs are non-fungible token">tokens that can be used as a sort of proof of ownership for just about anything on the internet. Over the last several months, the market for NFTs in the digital art world has skyrocketed—and, in the first quarter of 2021, NFT sales in general have generated more than $1.5 billion, according to DappRadar.

Rarible is one of many NFT marketplaces that have benefited from the boom. It has a check-based verification system of its own, so if you bid on the fake Fairey NFT it’s at least partially your own fault. But the confusion points to bigger questions with the craze around NFTs and digital ownership. What makes something the authentic NFT? Is something valuable if you can just screenshot it? And what are the copyright issues involved here?

Defrauding “any member of the Rarible Community” through impersonation is explicitly forbidden in the site’s terms of service. The high bid for the fake Fairey NFT is now just over $100—it's unclear, however, if the pseudonymous bidder, “MarcoVHNFT,” knows they aren't buying an authentic Fairey NFT.

Rarible did not immediately respond to Decrypt's request for comment.

‘Obey’ Artist Shepard Fairey Warns of Copycat NFT on Rarible
https://cryptonews.net/554286/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

29
JumpNet, an innovative gas-free blockchain created by Enjin, has recorded more than 50 NFT projects launched in its ecosystem just two weeks after it launched. Enjin launched the early access version of the blockchain on April 6. According to developers Enjin, JumpNet is a fast Proof-of-Authority (PoA) blockchain leveraging the distribution and minting of Non-Fungible Tokens (NFT) with zero gas fees charges.
JumpNet Spells Blockchain Technology Prowess
Alongside Enjin’s partners, more than 50 NFT projects have signed up for the JumpNet blockchain project. Major players in the financial industry such as Binance, OKEx, and Microsoft have all acquired the services of the blockchain. Enjin’s VP of Developer Success Simon Kertonegoro gave his remarks on the newly released blockchain, stating that JumpNet has amped up the development pace of the company’s ecosystem. He said,

“Being able to mint and transact freely has unblocked nearly every project, and they’re moving over to JumpNet as fast as possible.”

Mr. Kertonegoro also said that since the company’s NFT interest is growing, the full integration of JumpNet into the NFT space will continue and users will cherish experiencing the blockchain’s prowess.

Offering Eco-friendly NFT Services
According to Enjin’s blog, the startup plans to launch carbon-neutral NFTs via the JumpNet network by 2030, enabling anyone interested to take advantage of eco-friendly NFT minting. Enjin is also developing Efinity, an NFT blockchain built on Polkadot, as another core piece of the transition to environmentally friendly tokens.

Built as a Proof of Authority (PoA) blockchain, JumpNet is an alternative to the Ethereum network’s Proof-of-Work validation method, which consumes high electricity levels that miners currently benefit from enormously. In contrast, JumpNet will consume about ~0.000002 of the electricity of the Ethereum blockchain.

As a first, earlier step toward alleviating environmental impact, Enjin also created the ERC-1155 token standard, which cut NFT minting gas fees by almost 90%.

Joining JumpNet
During the recent Global Azure 2021 event, Microsoft utilized JumpNet to transfer about 7,000 NFTs through Enjin Beam QR codes, to reward event attendees and participants as part of the Microsoft Azure Heroes program.

Ludena Protocol, Korea’s top gaming-based social media company, also launched and issued its first-ever token on the JumpNet network. Ludena plans to fully utilize the blockchain to issue NFTs to its millions of users across the globe, including its popular app GameTalkTalk. The CEO of the company Joshua Kim applauded the capabilities of JumpNet, confirming his company tested the eco-friendly NFT life cycle on the blockchain, whose results he termed ‘fastest in Korea.’

Cryptocurrency exchange Kriptomat is also partnering with Enjin to reward its users with NFTs via JumpNet. After purchasing Enjin Coin through the Kriptomat widget, users will gain an upgradable NFT on JumpNet whose level grows as they make more purchases. These NFT rewards are then usable in video games such as Minecraft..


Enjin’s New PoA Blockchain JumpNet Counts 50 NFT Projects Weeks After Launch
https://cryptonews.net/556490/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

30
NFTs & Collectibles / IBM Is Turning Patents Into NFTs
« on: April 20, 2021, 07:17:47 PM »
IPwe, a platform for the world’s IP ecosystem, today announced that it plans to begin representing corporate patents as non-fungible tokens (NFTs), in collaboration with major computer company IBM.

The tokenization of intellectual property will, per the announcement, help position patents to be easily sold, traded, commercialized or otherwise monetized. In other words, turning patents into NFTs makes it easier to have those patents reach the market.

“The use of NFTs to represent patents will help create completely new ways to interact with intellectual property,” said IPwe CEO Erich Spangenberg.

Non-fungible tokens are cryptographically-unique digital assets that can be associated with digital content such as images or video—but any kind of content can be attached to an NFT, in this case patents.

The Next Big Thing in NFTs: Breaking Them Apart
Intellectual property has traditionally been difficult to manage, value and transact, and the introduction of NFTs into this space is expected to change that. Spangenberg added, “This is expected to benefit not only large enterprises that have significant intellectual property, but it will bring new opportunities to small and medium enterprises and even individual intellectual property owners.”

The NFTs will be stored and shared on the IPwe Platform, hosted by IBM Cloud, and powered by IBM’s blockchain.

IPwe and IBM
This isn’t the first time that IPwe and IBM have worked together.

IPwe and IBM have worked together for the last three years to apply IBM’s blockchain experience to the IPwe Platform. “IBM has a long history of leadership in intellectual property and the application of artificial intelligence and blockchain in business,” said Jason Kelley, general manager of global strategic partnerships at IBM Services.

Kelley also added that the firm’s work with IPwe is “another example of our collaboration with leading innovators to drive outcomes powered by blockchain capabilities and digital assets that have the potential to transform entire industries.”

IPwe expects tokenized intellectual property on the platform to be “commercially available” in Q4 of this year.

A self-described "patent troll", Spangenberg made a fortune of $150 million through amassing and litigating tech patents at his previous firm, IPNav; in a five-year span he sued over 1,500 companies for patent infringements. After discovering blockchain technology through Bitcoin, he founded IPwe, which maintains a blockchain-based registry of IP and uses machine learning to value patents' worth

IBM Is Turning Patents Into NFTs
https://cryptonews.net/557402/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

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