NFT
NFT sales and blockchain games continue to grow despite the recent market slump: Report
January 2022 continues to be rough for crypto investors as current markets see turbulent fluctuations in the price of Bitcoin (BTC) and other cryptocurrencies. Some have attributed the slump to recent federal intentions to introduce new rate hikes, and the political turmoil in Kazakhstan, which significantly lowered the hash rate of Bitcoin. On Jan. 14, the price of Bitcoin dipped below $42,000 as traders continued to hold out hope for bullish signals. Nonfungible token (NFT) trading and blockchain games, on the other hand, seem to have resisted the dip. According to reports from DappRadar, NFT transactions continued to increase amid declining crypto prices. The report stated that “the number of UAW connected to Ethereum NFT DApps grew by 43% since Q3 2021.” Numbers fr...
Boys Noize Empowers NFT Collectors to Mint Their Own Techno With “Rave Pigs” Project
Boys Noize and the SuperFarm NFT platform are bringing cultured swines to the blockchain. Their forthcoming “Rave Pigs” project turns trunk-thumping techno and psychedelic art into digital collectibles. Best of all, those who choose to participate in minting the collection will retain full rights to a piece of Berlin underground culture. The copyrights afforded to NFT holders have been a hot topic in recent months. Though some of the world’s most prominent collections frequently fetch exorbitant prices on the open market, many of them do not afford the holder the full copyrights to the audio and visual works displayed in the NFT. Conversely, “Rave Pigs” holders will retain the rights to both the art and the music heard in the collectibles they own. So it’s easy to see how ...
Beatport and PIXELYNX Partner to Create Unique Generative NFT Series, “Synth Heads”
Beatport and PIXELYNX’s new partnership aims to prove that no NFTs are the same. Their new collaboration embraces blockchain technology to create “Synth Heads,” a series of 3,030 unique NFTs. Rising, an international creative studio, led the design and executed the generative script for the collection. Beatport and PIXELYNX’s new NFT series pays homage to the history of the synthesizer, which goes back to 1965, when the first analog synth was developed. The collectibles use a process called generative art, a system that algorithmically creates new ideas, forms, shapes, colors, or patterns, and ensures that each piece of art is completely unique. Some generated NFTs will have more rare qualities than others. The Synth Heads have names: BØB, Lynn, Pauli...
China is looking to adopt a crypto-free model in its NFT industry
The Asian country will model its NFT industry around the Blockchain Services Network China is setting boundaries that would define the scope of the booming NFT sector in the country. Despite having previously declared a crackdown on cryptocurrencies (primarily used in NFTs transactions), the Chinese government does not intend to be left out in the new collectibles’ wave. The South China Morning Post reported on Wednesday that the government-supported Blockchain-based Service Network (BSN) will later this month deploy infrastructure to support NFTs. The tech will provide application programming interfaces to businesses and individuals to develop user apps & modules to manage their NFTs. The project, also referred to as the BSN-Distributed Digital Certificate (BSN-DDC), aims t...
Trap Music Pioneer UZ Is Remastering His Iconic Tracks and Selling Them As NFTs
It’s 2012. SoundCloud is the biggest thing in music since the iPod. UZ, Baauer, Flosstradamus and HU₵₵I are dropping the craziest songs you’ve ever heard. You show your friends and become an aux legend. Life is good. Before SoundCloud’s broken business model drove artists away like bad breath, it was the epicenter of electronic music discovery. And the advent of trap music on the platform led to the genre’s explosion—with UZ’s fabled “Trap Shit” series serving as ground zero. Considered a pioneering trap artist, UZ was emblematic of the golden era of SoundCloud, when bedroom producers could scrap together 808s and a simple chord progression and blow up overnight. Just ask RL Grime, who abandoned his mainstream dance music alias, Clockwork, after th...
China aims to separate NFTs from crypto via new blockchain infrastructure
China is planning to draw a clear line between cryptocurrencies and nonfungible tokens (NFTs), pretty much the same way it did with its digital currency efforts, before the crypto crackdown in the country harms the local NFT industry. The Blockchain-based Service Network (BSN), a government-backed blockchain project in China, is working on infrastructure that would support businesses and individuals to build platforms and apps to manage NFTs, the South China Morning Post reported. Officially called the BSN-Distributed Digital Certificate (BSN-DDC), the project aims to support the deployment of non-crypto NFTs by offering application programming interfaces for the development of user portals and apps where fiat money would be the sole payment method. Underscoring that NFTs have no leg...
Antonio Brown’s Shirtless-And-Viral Game Exit Footage To Be Turned Into NFT And Sold At Auction
HipHopWired Featured Video Source: Icon Sportswire / Getty Antonio Brown‘s viral moment capturing his dramatic exit from the Tampa Bay Buccaneers game against the New York Jets is no longer just a hot topic trending on social media—it’s now a certified moment in NFL history. According to TMZ Sports, the footage already seen by millions of Brown stripping down on the sidelines and leaving the field, which led to him being cut from the Buccaneers roster, will be turned into an NFT and sold at auction on January 13. Related Stories Apparently selling viral NFTs is a profitable thing and since a single tweet of the video from the January 2, in-game meltdown—which Brown claimed happened because he was being “forced” to play with an injury—garnered more than 11.5 million views. “The expect...
Raking In $4 Million In NFT Sales, deadmau5 Is Showcasing Potential of New Creator Economy
Driven by a fundamental belief in a better creator economy and an insatiable passion for technological experimentation, deadmau5‘s leap into NFTs has been a massive success by all accounts. From releasing his collaboration with Portugal. The Man as one million NFTs to leveraging the technology to sell VIP tickets to his recent performances at Red Rocks, each iteration has invited creators to reimagine what their digital future could look like. In a new Pollstar story, deadmau5’s manager, Dean Wilson, illuminates the potential with one practical example. “I’ve been banging on for a long time about ticketing on the blockchain and secondary ticketing in general. The only people that don’t get a cut of secondary ticketing are the people that everyone’s coming to see,” W...
Associated Press to launch Polygon-based photography NFT platform
The Associated Press (AP) is launching a nonfungible token (NFT) marketplace where collectors will be able to purchase tokenized photographs from the global news platform. The initial collection of NFTs will include photographs of subjects like space, climate, and war from AP photojournalists. They will be released over several weeks starting on Jan. 31 for varying prices, according to the marketplace’s website. The photographs will be minted as NFTs on the Ethereum layer-two scaling network, Polygon. The platform will support secondary transactions using debit or credit cards, and payments in Ethereum. The marketplace is being built by Xooa, a blockchain infrastructure platform specializing in building “white-label NFT marketplaces for brands and IP owners.” Head of marketplaces at Xooa, ...
Daniel Allan’s “Overstimulated” EP Is An Honest Look Into His Creative Process
After releasing three singles to give fans a taste of what’s to come, Daniel Allan has finally released his Overstimulated EP in its entirety. Overstimulated offers a transparent look into Allan’s headspace and creative process across its six tracks, each of which feels more heartfelt than the last. Additionally, he’s tapped a handful of talented collaborators to join in on his forward-thinking, pop-oriented sound including Idarose, DEEGAN, DLG., and bloody white. “Overstimulated is a project that comments on my personal journey and its overwhelming nature,” Allan said. “When life gets hectic, my primary coping mechanism is to lock myself in a room and work it out with music. Sometimes I don’t really know how to communicate, so I suppose this proje...
Bored Ape Yacht Club is a huge mainstream hit, but is Wall Street ready for NFTs?
Within months after its launch in April 2021, Bored Ape Yacht Club (BAYC) has become one of the main reasons Wall Street should take the emerging nonfungible token (NFT) market seriously, thanks to its recent sales turnover of over $1 billion. Celebrities ape into BAYC For the uninitiated, BAYC is a collection of 10,000 cartoons of anthropomorphic apes with stylish clothes and disreputable expressions. Each ape is practically an image file that should be worthless in a sane world. Nonetheless, they have been managing to fetch astonishing sums, sometimes from some of the world’s most renowned celebrities. For instance, Jimmy Fallon, a popular American TV host, bought the image of a Bored Ape that wore a striped T-shirt and heart-shaped shades for almost $220,000 in November ...
Weekly Report: Shark Tank’s Kevin O’Leary argues that NFTs are growing bigger than Bitcoin
This week, top cryptocurrencies suffered a massive dip as the broader market pulled back following confirmation of plans to hike interest rates. Minutes from the FOMC meeting hinted that the US Federal Reserve was considering a potential rate increase in March. The top crypto assets (not including Tether and USD Coin stables) are all down by double figures over the last 7-days. Solana (SOL), Ethereum (ETH), and Binance Coin (BNB) lead the way in losses with 19.47%, 13.97%, and 13.15% plunges, respectively as of writing. The leading cryptocurrency is also trading in the red – down by 12.01% in the last 7-days. Here’s a look at the top headlines outside the market in the first week of the year. Shark Tank’s Kevin O’Leary bets on NFTs getting bigger than Bitcoin Popular Shar...
