NFT
‘Web3 offers us the promise to rearchitect the internet,’ says NFT.com Founder Jordan Fried
Nonfungible tokens (NFTs) experienced a record-breaking year throughout 2021 in which sales volumes surpassed $14 billion, avatar collectibles permeated the mainstream market to become cultural status symbols, and avant-garde utility sparked innovative Web3 opportunities for a panoply of industries. Despite a retracement in financial and emotional fortunes in the opening quarter of 2022, expectations within the NFT community are reigniting for the impending schedule of calendar events such as the launch of Coinbase’s public NFT platform, and the potential for OpenSea and MetaMask tokens. In an exclusive interview with Jordan Fried, the CEO of Immutable Holdings and Founder of NFT.com, Cointelegraph learned Fried’s perspective on Buffett’s impact on Web3 ideologies, the imminent...
deadmau5’s 720Mau5 Venture Fund Joins $10.4 Million Raise to Support Future of LimeWire
The music industry and major cryptocurrency institutions are getting behind LimeWire‘s quest to forge a new path. LimeWire, the company synonymous with online piracy, closed up shop a dozen years ago, but under new management, the brand has returned to embark on a new initiative that may just right the wrongs of its past. Limewire’s new mission statement is to “bring digital collectibles to everyone, no matter the budget or the tech-savviness,” the company writes. The advent of Web3 and NFT technology has given LimeWire a new lease on life and—this time around—a means to get artists their fair share of the metaphorical pie. A new funding round led by Arrington Capital, Kraken Ventures, and GSR Ventures has provided the LimeWire team with over $10 million to ex...
Kygo and Ryan Tedder Unite As Animated NFT Band, Bored Brothers
As electronic music artists continue to adopt NFTs to offer fans unique experiences, industry heavyweights and Bored Ape owners Kygo and Ryan Tedder are now making a collaborative foray into the Web3 space. Kygo and the OneRepublic frontman are longtime creative collaborators, writing on a number of tracks and even performing together on Coachella’s main stage in 2018. They’ve now joined forces to launch Bored Brothers, an animated NFT band featuring their Bored Ape likenesses. For those unfamiliar, the Bored Ape Yacht Club (BAYC) is the world’s preeminent collection of digital collectibles, currently selling for over $300,000 each. The NFT collection counts Madonna, Mark Cuban, Steve Aoki, Justin Bieber and Paris Hilton—among many others—as token holders and ...
Solana’s STEPN hits record high as GMT price skyrockets 34,000% in over a month
STEPN (GMT), a so-called “move-to-earn” token using the Solana (SOL) blockchain, has soared incredibly since its market debut in March. GMT’s price jumped from $0.01 on March 9 to a record high of $3.45 on April 19 — a 34,000% upside move in just 41 days (data from Binance). Its massive uptrend appeared primarily due to the hype surrounding decentralized finance (DeFi) projects that reward users in tokens for staying active. For instance, the prices of GMT and its top rivals, including Genopets (GENE) and dotmoovs (MOOV), exploded massively on a 24-hour adjusted timeframe, data on CoinGecko shows. Nonetheless, STEPN remained the most valuable move-to-earn (M2E) project, with its market capitalization closing in on $2 billion. The performance of M2E tokens featu...
Crypto is going mainstream: Here’s how the future founders will build on it
Crypto has long been criticized for its lack of inherent value. However, the shift toward contactless transactions amid the pandemic has emphasized the value of digital currencies and blockchain technology in the modern world. For this reason, merchants have been slow to adopt cryptocurrencies as a form of payment. As it gains widespread usage, however, we can expect to see more businesses accepting crypto in the future. The global pandemic has changed the way a lot of us do business. The shift away from cash and face-to-face transactions toward digital cashless ones has introduced many people to the convenience of paying digitally. So, it’s no surprise that crypto is starting to gain traction as a viable payment option — one that will only continue to evolve. While sti...
Dirtybird Launches Metaverse Nightclub, Birdhain
Dance music tastemaker Dirtybird is opening the doors to its very own Web3 nightclub, Birdhain, in its own metaverse, Birdyverse. A nod to the famous Berlin nightclub Berghain, it’s 24-7-365 virtual nightclub with DJ sets running every day and night, all year-round. Dirtybird cofounder Claude VonStroke will launch the venue today, April 13th, and will feature DJ sets from the Dirtybird roster, including Nikki Nair, Justin Jay, Mz Worthy and Catz ‘n Dogz, among others. The Birdyverse at large is open to anyone with a cryptocurrency wallet, like MetaMask, but you must hold a Dirtybird Flight Club NFT to enter Birdhain. Once connected, users will be able to roam, chat, explore and interact with the mysterious island, which is shaped like a cracked egg. Dirtybird cofounder Claude V...
China-based regulatory and trade associations target NFTs in latest risk notice
The China Banking Association, the China Internet Finance Association and the Securities Association of China issued a joint statement warning the public about the “hidden risks” of investing in nonfungible tokens, or NFTs. In a Wednesday notice, the three associations launched initiatives aimed at encouraging innovation in the crypto and blockchain space focused on NFTs as well as “resolutely curb[ing] the tendency of NFT financialization and securitization” to reduce the risks around illicit activities. The China Banking Association said member institutions should not consider NFTs assets like securities, precious metals, and other financial products. In addition, cryptocurrencies including Bitcoin (BTC), Ether (ETH) and Tether (USDT) should not be used for the pricing and settlement of ...
ApeCoin eyes 250% rally amid ‘bull pennant’ breakout, Robinhood APE listing rumors
ApeCoin’s (APE) market valuation could grow by nearly 250% in the second quarter of 2022 as it breaks out of a widely-tracked, classic technical pattern. APE price “bull pennant” breakout underway On April 13, APE’s price broke above the upper trendline of what appears to be a “bull pennant” chart pattern. Bull pennants appear when the price consolidates inside a triangle-like structure following a strong uptrend. Many traditional analysts consider them as continuation patterns, for they typically result in the price breaking out in the direction of its previous trend. As a rule, traders estimate a bull pennant’s upside target by measuring the size of the previous uptrend, called “flagpole,” and adding it to the breakout point. Applying...
Coinbase to bring BAYC NFTs to the big screens via a short film trilogy
The Degen Trilogy is a three-film trilogy set to air during NFT.NYC this June There are also plans for a series based on Mutant Ape Yacht Club NFTs Crypto exchange Coinbase has announced that it is collaborating with Bored Ape Yacht Club (BAYC) to create a short animated film based on its NFT characters. Coinbase revealed the news via a tweet shared yesterday, alongside a link leading to the trilogy’s website, plastered with the inscriptions’ Something is Coming.’ Titled The Degen Trilogy, the animated film will be produced by a Hollywood director, with the series set to make its silver screen debut at the NFT.NYC event planned for June 20 – 23. BAYC owners who wish that their NFT characters take part in the film can forward their submissions for selection by the director. Community input ...
Solana NFT marketplace integration and DApp metrics shine even after SOL’s 20% drop
Solana (SOL) price reached $143.50 on April 2 after an incredible 82% rally over a 20 day period. This positive performance can be attributed to recent NFT markets-related news and a marketwide bounce, but the current 22.7% decline could have investors confused. Solana/USDT at FTX. Source: TradingView The rally started after Coinbase Wallet added support for SOL and other Solana-based blockchain tokens on March 18. The crypto exchange also outlined plans to “further integrate” with Solana by connecting the Coinbase Wallet with the decentralized applications (DApps) and nonfungible tokens (NFTs) hosted on the network. The expectation of OpenSea’s integration of the Solana network also excited investors. This means Solana will join Ethereum, Polygon and Klaytn as the ...
RCRDSHP Interview – a unique musical NFT platform whose founder doesn’t want you pumping their cryptocurrency
RCRDSHP is a nascent digital collectables platform, based on the Flow blockchain, with a bit of a twist. Aiming to bring artist and fan closer together through the medium of blockchain, it’s a concept firmly rooted in the metaverse, and the new world. The platform is gamified and provides some interesting options for fans and artist alike, which I’ll dig into below. Like their fellow Flow users, NBA TopShot, the platform at the moment centres around pack drops rather than auctions, something which helps with accessibility. What’s cool is that this accessability is a repeated point of emphasis for the platform, who have made it clear they aren’t interested in the headline-grabbing NFT sales which have begun to occur in the music industry, such as the Weeknd recently selling an NFT for...
Where To? Black People, Racism & The Metaverse
HipHopWired Featured Video Source: PixelsEffect / Getty For years, people of color have been fighting to be heard on Facebook (ahem, Meta)—beyond the ubiquitous hot takes on pop culture and viral video clips. According to groups like Color of Change, the social media site has been punishing users who inform, denounce and call out racism in their corner of Facebook. USA Today reports that the regulation goes as far as account suspension whenever the phrase “white people” appears in a status update—even when describing personal real-life prejudicial scenarios. So if our communities already feel as if they don’t have a place on Facebook, where would they fit in within the metaverse? The growing popularity of NFTs (non-fungible tokens) have opened the floodgates for people to take their race-b...
