NFT
Sony partners with Theta for 3D NFTs exclusive to its Spatial Reality Display
The electronic manufacturer announced it has linked up with Theta in an SRD NFTs project The NFTs will be hosted on ThetaDrop Japanese consumer electronic products manufacturer Sony has partnered with Theta Labs, creator of the decentralised video streaming network Theta to launch two collections of 3D NFTs, exclusively designed for display on its Spatial Reality Display, SRD. Sony’s SRD is the electronic giant’s display that allows users to view objects in 3D without the glasses or all the complicated gear associated with the ‘usual’ experiences in virtual reality. Its operation is such that it tracks the movement of the eyes and tweaks the display perceived by the user as they move/ tilt their head. This tablet-like device enables users to gain the sensation of a solid 3D obj...
Madonna Preps NSFW ‘Mother of Creation’ NFT Collection
Madonna, whether she’s in Queen of Pop-mode, the Material Girl, or just Madge, is always evolving, thinking ahead. Constantly keeping her fans guessing. Now she’s entering her Mother of Creation phase. The pop veteran, like many others, has embraced the digital art-world of NFTs, initially by buying one, and now becoming one — or more precisely, three. The “Like a Prayer” singer takes the leap with digital artist Beeple (real name Mike Winkelmann), who sold an NFT last year for $69 million, to create a trio of digitally-rendered collectables. Explore See latest videos, charts and news See latest videos, charts and news The Mother of Creation videos, an “NFT triptych” which “represent a different form of birth in our contemporary world,” will raise money for good causes. They’re said to be ...
Cynthia Lummis’ crypto bill won’t address NFTs or environmental concerns
Wyoming Senator Cynthia Lummis has said the bill she’s preparing intends to regulate cryptocurrencies in the same categories as traditional assets She said NFTs are hard to categorise, hence will not be covered in the coming bill Wyoming Senator Cynthia Lummis has revealed more details about the planned pro-crypto regulatory framework that she is expected to table in collaboration with New York Democrat Senator Kristin Gillibrand. Speaking to Axios in an interview published earlier this week, the US senator explained that the coming bill would regulate from an angle such that digital assets fall under the same categories in which traditional assets are regulated. Lummis explained that the bill would see the regulatory ‘wand’ split and shared between the Commodity Futures Trading Comm...
A Pioneering Nightlife Brand Wants to Turn Ibiza Into “The NFT Island”
They say money can’t buy happiness—but it can buy an NFT with exclusive access to Ibiza’s top nightclubs. According to a press release shared with EDM.com, pioneering nightlife brand The Night League has plans to turn Ibiza into “The NFT Island” amid its longest clubbing season in history. They’ve partnered with the Party Degenerates NFT collective on the ambitious venture, which aims to “paint Ibiza’s streets and venues with the finest in digital art.” Starting May 7th, holders of Party Degenerates NFTs will have unprecedented access to all events throughout the season at Ushuaïa and Hï Ibiza, two of the world’s most iconic nightlife destinations. The NFT’s utilities enable owners to unlock special experiences at the clubs, which will ...
WSJ says ‘the NFT market is collapsing’ but the data says otherwise
An article in the Wall Street Journal has claimed sales of non-fungible tokens (NFTs) are “flatlining” — in the same week that the top five collections alone accounted for more than $1 billion in primary and secondary sales. The article cited data from NFT market analysis platform Nonfungible suggesting the number of NFT sales has fallen by 92% since an all-time high in September 2021. Wallets active in the Ethereum (ETH) NFT market were also said to have declined by 88% since a high in November 2021. “The NFT market is collapsing,” the article concluded. Red line shows number of sales with volume on left y-axis, white shows active market wallets, volume on right y-axis. Source: Nonfungible However, onchain data from Dune Analytics’ dashboard suggest that the NFT market is still robust, wi...
3LAU Explains How NFTs Are Shaping the Music Collections of the Future
3LAU‘s NFT marketplace Royal is on a mission to revolutionize the nostalgic pastime of collecting music. After launching in the second half of 2021, the platform quickly amassed a $55 million war chest in a funding round led by Andreessen Horowitz. Since then, Royal has facilitated attention-grabbing NFT collections, including offerings from Diplo and Nas. Last month, Darya Pourshasb, former Director of Premium Content Strategy at Spotify, made the leap to join Royal’s leadership team with an eagerness to continue growing the brand’s partnerships within the artist community. While the industry at-large appears to be lining up behind Royal, 3LAU remains laser-focused on illuminating the emotional and intrinsic value of music NFTs for consumers. Speaking on T...
ApeCoin slides 40% in three days despite Otherside metaverse land sale — here’s why
ApeCoin (APE) caught its bulls off-guard with APE price losing nearly 40% in just three days. No dutch auction APE’s price reached its second-highest level, hitting $27.57 on April 28, up more than 2,650% from its mid-March debut. Nonetheless, traders started unwinding their positions after Yuga Labs, the Bored Ape Yacht Club (BAYC) NFT collection’s creator, released the details of the mint of its Otherside Metaverse lands, dubbed “Otherdeed.” Yuga Labs revealed that the NFT mint would cost a flat 305 APE (~$5,250 at today’s price), in contrast to expectations that the company would sell the metaverse land parcels in a dutch auction manner. Thus, the disclosure may have reduced the need for people to hoard more ApeCoin tokens, leading to a drop in demand. APE ...
Electronic Music Industry Tops $6 Billion In 2021, Makes Key Strides In Web3: IMS Business Report
According to the newly published annual IMS Business Report 2022, electronic music continues to have an optimistic growth trajectory in a variety of key areas. As a sector, electronic music was valued at $6 billion in 2021, which is up 71% from 2020, but down 20% from 2019. Throughout the report, encouraging signs of the industry bouncing back in the aftermath of the pandemic continue to be apparent. Metrics including the number of festivals that book electronic artists and the quantity of search results for flights to Ibiza are up significantly year-over-year, but there’s still ground to cover when it comes to achieving the pre-pandemic levels of 2019. While the world was in a variable state of lockdown over the last two years, dance music made key strides in the digital arena. In 1...
Nifty News: Solana NFT Okay Bears tops charts, South African wine NFTs rake it in and more
Okay Bears, a Solana-powered NFT, managed to top OpenSea’s 24-hour sales tracker for the first time earlier today, beating out all other Ethereum (ETH) projects on offer. It’s the first time a Solana (SOL) NFT project has reached the top spot in popular NFT marketplace OpenSea’s 24-hour sales tracker. .@okaybears No.1 on the OpenSea 24h rankings A @solana project has topped OpenSea’s market-wide 24h sales tracker for the first time! Check out the latest featured Solana collections on our dedicated SOL page: https://t.co/gteXeNRocn pic.twitter.com/1duEDQyxyn — OpenSea (@opensea) April 27, 2022 The Solana-based NFT, which features a collection of 10,000 diverse images of bears, told its Twitter followers it had sold out its collection only a day after its launch, bringing in 231,000 SO...
Discover Candy Cult, a Festival-Focused NFT Collection Supporting Women In Music
Candy Cult is a Web3 community with a cause. In music industry professions across the board, women and marginalized groups continue to be underrepresented. With the proliferation of NFT technology, Candy Cult’s cofounders, Brooke and Nick, identified an opportunity to help move the needle. Candy Cult is a collection of 6,666 digital collectibles, randomly generated using a library of over 100 unique characteristics. The animated avatars are fashionably ready for festival season and not totally unlike the fans you’d find in the desert of Coachella, or the urban park grounds of Lollapalooza. Candy Cult is an acknowledgement that few things are sweeter than festival season. Following the public sale, Candy Cult is committed to supporting charitable organizations focused on the emp...
Digital Thief Uses Instagram Phishing Link To Lift $1M Worth of Bored Ape Yacht Club NFTs
HipHopWired Featured Video Source: NurPhoto / Getty Count us in the group of people who still have no idea how NFTs work, but this latest cyber heist involving the latest blockchain craze is eye-opening. Spotted on The Verge, a thief stole NFTs worth millions of dollars by using the Bored Ape Yacht Club’s (BAYC) official Instagram account to share a phishing link that lifted tokens out of users’ crypto wallets. Bored Ape Yacht Club confirmed the intrusion via Twitter, writing in a tweet Monday morning (Apr.25), “There is no mint going on today. It looks like BAYC Instagram was hacked. Do not mint anything, click links, or link your wallet to anything.” Related Stories In response to BAYC’s tweet, a user who goes by the handle @jatuur shared a photo of what the link looked like and it does ...
Digital Thief Uses Instagram Phishing Link To Lift $1M Worth of Bored Ape Yacht Club NFTs
HipHopWired Featured Video Source: NurPhoto / Getty Count us in the group of people who still have no idea how NFTs work, but this latest cyber heist involving the latest blockchain craze is eye-opening. Spotted on The Verge, a thief stole NFTs worth millions of dollars by using the Bored Ape Yacht Club’s (BAYC) official Instagram account to share a phishing link that lifted tokens out of users’ crypto wallets. Bored Ape Yacht Club confirmed the intrusion via Twitter, writing in a tweet Monday morning (Apr.25), “There is no mint going on today. It looks like BAYC Instagram was hacked. Do not mint anything, click links, or link your wallet to anything.” Related Stories In response to BAYC’s tweet, a user who goes by the handle @jatuur shared a photo of what the link looked like and it does ...
