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nftdawnio · 2 years
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Liverpool football club is getting closer to the crypto world by expanding its partnership with Sorare, a French blockchain-based sports startup, according to a statement from the company on Thursday. Sorare's online fantasy sports game sells licensed digital sports cards that players can use to build teams that compete against each other. Sorare said it had an exclusive multi-year partnership with Liverpool to make content and experiences for fans. Non-fungible tokens (NFTs), a type of crypto asset that keeps track of who owns digital goods on the blockchain, are used to buy and sell the game's cards. Under a deal from 2021, Liverpool cards were added to the platform. Under the new deal, winners of the online game will get things like trips to the stadium, experiences at games, merchandise, and video content. As the digital assets market exploded into a multibillion-dollar industry last year, sports-related collectibles were one of the most popular types of non-fungible tokens (NFTs). However, the frenzy has died down in recent months. According to market tracker CryptoSlam, the average price of a Sorare NFT in August was $86.14, down from a high of around $280 in March of last year. The gambling watchdog in Britain is looking into Sorare to see if its game is gambling. A Sorare representative said that this didn't have anything to do with the partnership with Liverpool. "Sorare remains very confident it does not offer any forms of gambling, and this has been confirmed by expert legal opinions at every stage since the company was founded, including when signing new partnerships," the spokesperson said. Sorare says it has more than 2 million users around the world and partnerships with more than 280 million sports organizations, such as Major League Baseball in the US and UK football clubs. https://nftdawn.io/liverpool-grows-partnership-with-nft-fantasy-sports-company-sorare/?feed_id=2130&_unique_id=632c6bc5beeb9
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nftdawnio · 2 years
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The OpenRarity project was a collaboration between Curio, icy.tools, OpenSea, and Proof, which are all parts of the NFT community. Since thousands of nonfungible tokens (NFTs) are made every single day, it can be hard for NFT collectors to find rare pieces. But if the industry keeps getting better, it may soon be easier to find rare NFTs without much trouble. In a tweet, NFT marketplace OpenSea said it was adding OpenRarity, a protocol that lets NFTs on its platform have their rarity calculated in a way that can be checked. The protocol uses a clear mathematical method to figure out how rare something is. OpenSea said that NFTs that are rare will get low numbers like 1 or 2, while NFTs that are similar to a lot of other NFTs will get higher numbers. With this, the marketplace made it clear that buyers of NFTs would be able to see a reliable "rarity ranking." The feature won't be added to all NFT collections on its own. The NFT marketplace says that creators will still have the choice of whether or not to use the OpenRarity feature on their collections. Curio, icy.tools, OpenSea, and Proof, which are all part of the NFT community, worked together on the OpenRarity project. The goal is to standardize how rarity is calculated and make sure that all NFT platforms use the same rarity rankings. https://nftdawn.io/opensea-adds-new-protocol-to-ranks-nft-rarity/?feed_id=2122&_unique_id=632c6ac40b656
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nftdawnio · 2 years
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Okay Bears, a successful non-fungible token (NFT) project launched on the Solana blockchain, is working with global entertainment leader IMG to launch consumer products and experiences. The deal makes IMG the only company that can sell licenses for the community-focused project, which is made up of 10,000 well-dressed bears sold as PFP NFTs. Within 24 hours of its launch in April 2022 on the NFT marketplace Magic Eden, the project made $18 million in sales. This was more trading volume than any other Ethereum project. This is important because the Ethereum blockchain is where many of the most popular NFT projects have started. The project, which was started by graphic designer Kais and former engineer Suby, has promised its backers merchandise drops, live events, and brand collaborations. Its backers rally around the message "We're All Gonna Be Okay." Bruno Maglione, president of licensing at IMG, said that future creative collaborations and products will reflect the Okay Bears' "brand message and values" IMG has worked on licensing deals in the past with brands like Fortnite, Lego, and Angry Birds that are popular with young people. The NFT project recently worked with NBA basketball company Wilson and Chicago Bulls point guard Lonzo Ball to make a one-of-one signed NFT of him. https://nftdawn.io/okay-bears-nft-signs-deal-with-img/?feed_id=2114&_unique_id=632abe29b35e8
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nftdawnio · 2 years
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OpenSea, the biggest market for NFTs, has said it will add the layer-2 scaling solution for Ethereum called Arbitrum. If tomorrow's deployment goes well, Arbitrum will join Ethereum, Solana, Polygon, and Klaytn, which are already on the market. OpenSea said that popular NFT collections like Smolverse, GMX Blueberry Club, and Diamond Pepes would be among the first to be added to the marketplace. "Creators will need to find their collections in OpenSea and set their creator fees directly," the company said. Ideally, this would happen at the time of launch. The integration happens at a time when OpenSea's monthly trading volume is about average and has reached levels not seen since the summer of 2017. For comparison, the all-time high was $4.8 billion in January of this year, so the numbers for this month are a far cry from that. Other marketplaces, like LooksRare, Rarible, SuperRare, and Magic Eden, have also gone through a similar cyclical drop. Most of the NFTs on Arbitrum are currently on smaller exchanges like Stratos and Agora. Data from DeFI Llama shows that the most popular collections on the network have already brought in millions of dollars in investments. The Seed of Life collection has been traded for a total of $11.79 million, while Legions Genesis has been traded for a total of $11.25 million on PancakeSwap and Treasure. If these collections are added to OpenSea, the number of items could go up. On September 21 at 6 p.m. UTC, Arbtrum will host a Twitter Spaces to talk more about the partnership and the opportunities for creators and collectors in the space on both sides of the chain. https://nftdawn.io/opensea-nft-marketplace-will-integrate-arbitrum-ethereum-scaling-solution/?feed_id=2106&_unique_id=632abd2e71376
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nftdawnio · 2 years
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Fractional non-fungible tokens (NFTs), which have the crypto community all excited, could make young people more interested in fine art. To be clear, if you own a piece of fine art in parts, you can't hang the whole thing in your house. Instead, NFTs have made popular works of art more accessible to everyone through fractionalism. This means that a group of people can own a piece of art by splitting the cost. It makes it possible for each member of the collective to own a piece of the art. Before, if they didn't have enough money to buy it outright, they had to watch someone else take it. In an exclusive interview with Moneycontrol, the famous British artist Sacha Jafri, who is a big fan of fractionalism, explained its potential: "If you fractionalize a physical painting, you can actually let millions of people own a piece of that painting… But it's not really about owning a piece of the painting. It's about being a member of that group. That's the important part." "If you can be a part of an artist's journey, you are a part of something much bigger than the artist or the painting. You are a part of that artist's journey and a part of that community. And that has a lot of interesting benefits for both artists and collectors," said Jafri. Arijit Mukherjee, the founder of the NFT marketplace Yunometa, says this about fractionalism: "Imagine the joy and pride of NFT owners being able to claim a piece of a famous work of art, like Monet's water lilies. They can be proud to own works that until now were only seen by art historians and a small group of wealthy people." Mukherjee says that as fractional fine art becomes more popular, this will lead to more talented artists being found and more art being made. He also said, "It's time for art to take its rightful place in history and pop culture. With fractionalism, it's time for art to take its rightful place in history and pop culture." The fractional fine art idea will also make art more accessible. Millions of people who have always wanted to own a Leonardo da Vinci or Gustav Klimt painting can now easily buy the NFTs that come from these works of art. Artists need to be seen. This idea is also good for artists because it makes them known no matter what community, region, or situation they are in. Also, investors will gain because they will be able to trade the NFT artworks they own with people all over the world. Before deciding where to put their money, investors can look at artists and their work from all over the world. "NFT projects usually have thousands of artworks, so fractional art is a great way to see an artist you like and have been following. It's also a great way to own one of their works." It gives investors the chance to be a part of big projects and profit from them, said Vivaan Kapoor and Rahul Kapoor, co-founders of the NFT-based platform CryptoRunners, in an email to Moneycontrol. Soon to be live The idea of "fractional fine art" has yet to reach its full potential in India and around the world. In order to make art available to everyone, Artfi, a Web3 fine art Fintech startup based in Dubai, is bringing the fine arts community into the blockchain. This is a challenge to the traditional way of trading art. The company wants to make it easy to collect art by using Blockchain and NFTs. Artfi is building a platform so that more people can invest in paintings worth millions of dollars. In a year or two, the paintings will be for sale on the platform. Asif Kamal, the founder of Artfi, explains how it works: "When you sell through the platform, you will earn royalties for the rest of your life, because this one piece of art from your collection will be sold as an NFT to 10,000 different people." Kamal says that the owner of a piece of art can sell 90% of a canvas and keep 10% to use in the future if the price of the NFT goes up. Kamal also said that the price of the NFT will be different for each piece of art. Kamal said that Sacha Jafri is one of the first people Artfi has worked with.
His painting, Kafka's Waiting Room, is based on a book by the famous author Franz Kafka and is thought to be worth $10 million. It will be cut into 10,000 pieces and sold for $1,000 each. Jafri told Moneycontrol that the goal is to use fractional NFTs of fine art to raise money for charitable causes. "It's great if I sell a painting for $10 million and get $8 million for a good cause. But that same painting can be broken up into many pieces. You can make pixels, you can make a billion tokens, and you can sell the same painting for a billion dollars." Experts think India could be a market. The founders of CryptoRunners, Vivaan and Rahul Kapoor, think that there will soon be a big rise in NFTs in India, and that the idea of fractional NFTs will help make this happen. In an email to Moneycontrol, they said, "Because the benefits of this growing industry are so big, many companies have already seen its value and will be releasing their projects very soon." In fact, the founder of HelperWorld, Ashwani Kumar, says that NFTs will make it easier for people to see the digital work that goes along with the physical art. https://nftdawn.io/nft-fractionalism-and-the-future-of-fine-art/?feed_id=2098&_unique_id=6328494a931c4
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nftdawnio · 2 years
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Real estate can make a lot of money, sometimes in surprising ways. One example is this (relatively) small house in Silver Lake, which is just over 2,000 square feet and sits on a hillside street on a smallish lot with no swimming pool. Three years ago, the same house sold for $1.8 million. It just sold off-market for about $4 million. Bess Kalb, a well-known comedy writer who has written for "Jimmy Kimmel Live!" and whose book "Nobody Will Tell You This But Me" was a New York Times bestseller, was the lucky seller. During the time Kalb owned the well-kept but old 1930s house, she updated the kitchen and various living spaces. She also reportedly added an extra bedroom and bathroom. Still, it seems unlikely that she got out of the property without making a lot of money. Zeshan Ali, a 32-year-old programmer who has a degree in computer science from the University of Maryland and most recently lived in St. Louis, Missouri, is the buyer who spent a lot of money. Ali was pretty unknown until earlier this year, when it came out that he was the person behind the secretive Internet persona "No Sass" or "Sass." He was one of the four co-founders of the Bored Ape Yacht Club (BAYC), a group of simian avatars. BAYC and its parent company, Yuga Labs, have some of the most popular NFTs in the world (nonfungible tokens). This year, investors like Andreessen Horowitz gave the project $450 million. Yuga Labs is now worth more than $4 billion, so it seems safe to assume that all four of the company's co-founders are very wealthy. Ali grew up in California and just got married to a freelance journalist from St. Louis. The couple says they are moving to Los Angeles to be closer to Ali's family. Ali and his new wife will be able to look out over the San Gabriel Mountains and sometimes see Mount Baldy covered in snow from their $4 million hilltop home. The photos below show how the house looked just before Kalb fixed it up. Since then, the somewhat old-fashioned interiors have been updated. But from the road and from the air, the charming but not too impressive house looks mostly the same. https://nftdawn.io/bayc-nft-founder-purchases-4-million-dollars-property-in-los-angeles/?feed_id=2090&_unique_id=63284823b83c0
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nftdawnio · 2 years
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Adobe, a company that makes software for creative design, has announced that it will buy the web design app Figma for $20 billion. This is an attempt to take on its biggest competitor. Adobe wants to combine some of the existing features, like photography, illustration, and video technology, with Figma's products. Illustrator, Photoshop, Behance, Premiere Pro, and other Adobe features cost money. Adobe CEO Shantanu Narayen said, "The combination of Adobe and Figma is a game-changer and will speed up our vision for collaborative creativity." CNBC sources say that Figma, which started in 2012, will make more than $400 million this year. Index Ventures, Kleiner Perkins, and Greylock Partners are just a few of the companies that have invested in web design platforms in the past. Dylan Field, CEO of Figma, seemed excited about the partnership. In an interview with Bloomberg, he said that there is "a huge potential" for both companies and features that designers can get from working together. David Wadhwami, President of Digital Media Business at Adobe, is not worried that this acquisition deal happened during a downturn in the global market. He thinks that Figma is one of the best companies to buy right now because it has a positive cash flow and a net dollar retention rate of more than 150%. If the two companies merge, it could lead to more NFT projects. Adobe is already playing a game called non-fungible (NFT). The company said in October 2021 that it would add a "Prepare as NFT" option to Photoshop. The option will be called Content Credentials. Among other things, it will let you prove that you own NFTs. Digital collectibles sellers could link their crypto wallet to their Adobe ID, which would prove the authenticity of NFTs if NFT marketplaces checked it. Behance, a social media site for visual artists and designers, also got a crypto update. Now, users can add crypto wallets to their portfolios. The software platform also said it might look into supporting blockchains like Polygon (MATIC), Solana (SOL), Tezos (XTZ), and Flow (FLOW). This year, Behance made it easier to show off NFTs based on the Polygon blockchain by adding support for it. The social media platform said that they chose MATIC because it lets artists make digital collectibles in a way that is "good for the environment." https://nftdawn.io/adobe-to-merge-with-figma-in-effort-to-increase-nft-initiatives/?feed_id=2082&_unique_id=63257e19a7e56
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nftdawnio · 2 years
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Ethereum just became a lot more eco-friendly. The team behind Ethereum made a change to its software architecture on Wednesday. This change is called "the Merge." As part of this update, Ethereum switched from the proof-of-work system to the proof-of-stake system. The proof-of-work system requires a lot of computational energy to "mine" Ethereum and has been criticized for releasing a lot of carbon dioxide because it uses so much electricity. The proof-of-stake system allows users to validate new blocks on the chain (the so-called permanent ledger) and earn new Eth tokens by using their existing Eth tokens as collateral. Recent studies show that Proof-of-Stake is much better for the environment and will cut Ethereum's total carbon dioxide levels by 99.99%. (The Ethereum website says that the switch uses about as much electricity as all of Finland does in a year.) Proof-of-stake is not new, though. Ethereum's competitors like Tezos and Solana already use it. The switch to proof-of-stake took so long because Ethereum was originally built on a proof-of-work system. Changing the architecture without any glitches was a difficult technical task that at times seemed impossible to solve. But the change, which started on Thursday, has been going very well so far. Josh Hardy, the head of technology for the NFT platform Daata, told ARTnews, "This is one of the most important times in crypto history so far." "There was a lot of noise made about the environment, and that has been a real problem for the whole movement. It was a perfectly valid worry, but the fact that it led to the creation of whole new blockchains is crazy." As the environmental debate around Ethereum heated up, the team at Daata, like many others in the NFT space, seriously thought about getting their artists' work minted on a different chain, like Tezos, which was already proof-of-stake. But Hardy pushed for Ethereum to keep growing. He said, "I knew the Merge was coming," which is why it didn't make sense for Daata to switch to less valuable chains. At its peak, one Eth token was worth about $4,000, while one Tezos token was worth about $8. Even though the environmental debate sometimes made Hardy angry, he admitted that he doesn't think the Merge would have happened so quickly if environmental activists hadn't made such a fuss. "I think that's why the people at the Ethereum Foundation really pushed it," he said. Jon Perkins, who helped start the NFT marketplace SuperRare, has a different take on why the Merge was done. "I remember going to conferences in the very early days, and proof-of-work was always talked about as a kind of necessary evil to get Eth going," he said. "But almost from the beginning, the developer community made it clear that the plan was to switch to proof-of-stake as soon as possible." It shouldn't be ignored that the Merge comes after the 2021 bull run for NFTs and cryptocurrency in general, as well as the criticisms that came with it. No matter what, this is a big win in a hard time for those in the NFT space. After the crypto crash of 2022, the value of the crypto market dropped from $3 trillion to $1 trillion, and sales on the NFT market fell by a lot as a result. Vitalik Buterin made Ethereum when he was still a teenager. When it came out in 2015, it had some major technical flaws that he planned to fix over time. One of the upcoming technical changes will fix another big problem: Ethereum's ability to handle loads. When a lot of people are using Ethereum, it can be too expensive to make transactions. This is because "gas fees" go up, which can be anywhere from $10 to thousands of dollars depending on the type of transaction being made. Since the Merge went well, people are more confident that the developers can make these other changes. Building on Ethereum was seen as a bit of a risk because it wasn't clear whether these fixes could be made. "When we started building on Ethereum in 2017, we put a lot of faith
in what the core developers of this open source ecosystem would do in the future," said John Crain, the other cofounder of SuperRare. "The success of this gives a lot of hope for the future because it makes building on Ethereum less risky in the long run." Crain and Perkins hope that the Merge will make it possible for NFTs to not only get back to where they were in mid-2021, but also bring in more people than ever before. Perkins said, "There are probably hundreds of thousands of people who have been sitting on the sidelines but now feel like they can join the crypto market in the next few months or year." Now that Ethereum is just as good for the environment as other proof-of-stake chains, it's not clear if other chains can really compete with Eth without that environmental edge. But artist and environmentalist Joanie Lemercier, who has been minting his work on Tezos since the beginning, has no plans to leave the platform any time soon. "I'm not a millionaire like a few of my friends who got rich on Ethereum and didn't care about the environment," Lemercier said. But he doesn't regret his decision to mint on Tezos. He says that while his work hasn't sold for "ridiculous" prices, sales have been steady and haven't been nearly as affected by the crypto crash as artists who trade on Ethereum. He says that his sales have been about the same as last year and that he's making more money than he does with his physical work, which is sold in a New York gallery. "And the fact that the Merge didn't really help to boost the value of Ethereum is not a good sign," Lemercier said. "Since Ethereum doesn't sell well, there's no reason to switch right now. It just doesn't sell." Even though good news was all over news sites and social media, the price of Ethereum barely moved. At the moment, Eth is worth about $1,400, which is more than 60% less than what it was worth at the same time last year. But it's still early. https://nftdawn.io/the-impact-of-ethereum-merge-on-the-nft-space/?feed_id=2074&_unique_id=63257cee2be32
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nftdawnio · 2 years
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Even though they tried to get new funding and change their goals, NFT rental platform Rentable is shutting down today. The founder of Rentable, a non-fungible token (NFT) protocol that lets users rent out their jpegs, said today that the protocol will be shutting down because it hasn't found "product market fit." Users can still make withdrawals, but they can no longer rent out their coins. Users have until October 13 to finish withdrawals. After that date, the protocol will start emergency withdrawals and send the tokens back to their owners. Emiliano Bonassi, who started the project, made Rentable to reach a different part of the NFT market. He wanted to find people who would rent out NFTs that would otherwise just sit in wallets and gather virtual dust. In June 2022, the protocol offered its services to users of Decentraland, owners of Meebits, and the Lobster DAO. According to Bonassi, this let "owners earn a yield without risk of liquidation." Bonassi said, "The goal of Rentable was to let people rent things without being tied to a specific use case. We took away any kind of barrier for platforms by making it possible for any dApp to offer rentals to its users without integrations (just WalletConnect). But Rentable couldn't get money and "got close to zero traction," the company's founder said. Decrypt tried to get more information from Bonassi, but had not heard back by the time the paper went to press. https://nftdawn.io/nft-renting-platform-stops-its-operations/?feed_id=2066&_unique_id=6322cbf72f132
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nftdawnio · 2 years
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Megadeth, a thrash metal band, put out its own NFT collection called "Rattleheads." This made the band the most recent music group to join the Web3 space. With the release of a new NFT collection, the famous thrash metal band Megadeth has joined the Web3 world. The "Rattleheads" collection, which is named after Megadeth's mascot Vic Rattlehead, shows the band's history over the past 40 years through recurring themes and images. The band's mascot was the inspiration for Megadeth's NFT collection. Megadeth, another well-known band in the music world, has joined the Web3. The thrash metal band, which has been together for 40 years, has joined "the future of the internet" by releasing "Rattleheads," its own non-fungible token (NFT) generative art collection. The collection was made by Five to One Collective and Upper Echelon Studios. It was inspired by Megadeth's popular Cyber Army fan club, which has "mission deployment mechanics" and a wide range of other utilities that are expected to come out in the future. Dave Mustain, who leads the band, got the news on his 61st birthday. Megadeth has been one of the most influential metal bands in the world for the past four decades, and Rattleheads has themes and images from that time. The collection is called Vic Rattlehead after Megadeth's skeleton mascot. But Megadeth's move into Web3 shouldn't be a surprise, since the band has tried many times to promote its music through technology. The band thinks that NFTs are a unique chance to get closer to its fans. "As long as Megadeth has been a band, I've made sure we were in front. Our first album made thrash metal what it is today. We had a website before any other band. Cyber Army, our fan club, began in 1994. The 2016 album Dystopia came with a full Virtual Reality experience." – Dave Mustaine Mustaine added that the arrival of Web3 technology is the "perfect" time for Megadeth to "connect directly with our fans." The band's new album, "The Sick, The Dying… And The Dead!," sold 48,000 copies in its first week in the U.S., putting it at No. 3 on the Billboard 200 chart. Even though the market is down, celebrities keep betting on NFTs. Megadeth is the latest band to join the NFT space with the release of Rattleheads. This year, singer and songwriter became the chief brand officer of the NFT project Doodles. This week, after raising $54 million in a Series A funding round, the project was valued at $704 million. In April, Snoop Dogg released Death Row Session: Vol. 2 as a free download. All 1,000 copies in the drop were sold for about 100 Ether, which at the time was worth more than $300,000 USD. This year, there has been a big drop in activity on the NFT market. This is due to a steep sell-off in the crypto market as a whole. Celebrities and institutional investors, who bet on the market's long-term potential, continue to be interested in the industry, though. https://nftdawn.io/megadeth-enters-web3-with-rattleheads-nft-collection/?feed_id=2058&_unique_id=6322ca792fe55
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nftdawnio · 2 years
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Sports goods giant PUMA unveiled its first-ever metaverse experience, dubbed 'Black Station,' during New York Fashion Week (NYFW) on September 7. According to the official press release, Black Station will become a 'dynamic destination to visit.' Through this initiative, PUMA users will be able to connect in an immersive and interactive way to enjoy the brand's NFTs. These will primarily include sporting goods. During New York Fashion Week, the experience is part of the sports brand's 'Futrograde' show. PUMA confirmed that it would exhibit its virtual sneakers during the New York Fashion Week on September 13 in its Black Station metaverse. These will include 'Nitro NFRNO' and 'Nitro Fastroid.' PUMA's very own 3D spatial territory is known as the Black Station. It provided an opportunity for PUMA to showcase its most innovative designs. As a result, PUMA resurrected its website to commemorate its commitment to innovation. With the help of a hyper-realistic digital lobby with three distinct portals, users can experience exclusive, never-before-seen sneakers from the moment they enter the Black Station. They can also get Nitropass to receive NFTs tied to physical products. These NFTs can be claimed once the Futrograde show in New York is wrapped up. The first two of the three portals are now available. They unveil the Nitro NFRNO and Nitro Fastroid sneakers. These are associated with the brand's most recent NFT Nitropass mint. Customers who purchase a Nitropass will receive two NFTs. One of them is associated with physical products. The other is linked to a unique experience. The third portal provides access to the digital NYFW metaverse fashion show. Visitors can interact with the collection's pieces and watch a digital adaptation of the show. PUMA's Chief Brand Officer, Adam Petrick, stated, 'Twenty years ago, Black Station was PUMA's home.' In a public statement, he said, "Given the boundaries we are pushing from a product design and digital standpoint, we found it fitting to bring Black Station back as a new portal for digital exploration across fashion, sport performance, our heritage classics, and innovation." PUMA is not the first to venture into the metaverse. Adidas announced three significant metaverse partnerships in November 2021. The partnerships were with Punk Comic, G Money, and Bored Ape Yacht Club (BAYC). In December 2021, Nike also announced the acquisition of RTFKT Studios. It is one of the most innovative fashion companies in Web3. PUMA's Global Creative Director and Head of Innovation, Heiko Desens, stated that because of the benefits provided by the metaverse, PUMA's team of designers could work without limitations to create original designs as impressive as the actual products. According to him, "Our team of designers took a lot of liberties when envisioning these footwear styles. We told them the sky's the limit. As a result, we were able to harness their creativity without the typical confines and limitations of our shoe production process." https://nftdawn.io/puma-enters-the-metaverse-to-showcase-its-new-sneaker-nft-collection/?feed_id=2050&_unique_id=63203f1becf83
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nftdawnio · 2 years
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Do you want an NFT to go with your latte? Starbucks said today that it will offer NFT rewards to its customers through Polygon, which is an Ethereum scaling network. With NFTs, you can get things like merchandise and tickets to events. When the Starbucks Odyssey program starts later this year, customers and employees in the United States will be able to earn digital stamps as rewards and also buy and trade limited edition digital stamps. Each stamp will be made as an NFT, which is a blockchain token that shows ownership of things like digital collectibles and artwork. The initiative is billed as an expansion of the Starbucks Rewards program. Customers can earn "journey stamp" NFTs by completing challenges and playing interactive games on the coffee chain's app. The company will sell the limited edition NFT stamps, which can be bought with a credit card. Customers won't need cryptocurrency to "claim an ownership stake in their loyalty to Starbucks," as the company puts it. Then, a Starbucks Odyssey web app will have a secondary market where stamp owners can buy and sell stamps as they wish. The NFTs will raise a user's level in the Odyssey app, which could lead to rewards like virtual classes on how to mix drinks, exclusive merchandise, access to private events, or a trip to Starbucks' coffee farm in Costa Rica. The company said that some of the money made from selling NFT will go to help causes that have not yet been named. NFT marketplace Nifty Gateway said in a series of tweets today that it will power the Starbucks Odyssey platform. The marketplace is best known for NFT collections from artists like Beeple and musician The Weeknd. It recently started a Publishers program that lets brands and creators make their own NFT drops using the Nifty Gateway technology. Polygon is an Ethereum sidechain that makes it possible to make transactions that are faster, cheaper, and use less energy than what Ethereum's mainnet can do on its own. Companies like Coca-Cola and Reddit have launched NFTs on Polygon in recent months, and Disney chose Polygon for its Web3 accelerator program this past summer. Starbucks has been teasing about its Web3 project for months. Some employees have even said that some NFT platforms are bad for the environment. Polygon uses a lot less energy than Ethereum because it is a proof-of-stake network that doesn't use crypto mining. The Ethereum network, on the other hand, is about to get an upgrade that is good for the environment. This is called the merge, and it will change the mainnet to proof of stake. https://nftdawn.io/starbucks-launching-nft-platform-on-polygon/?feed_id=2042&_unique_id=63203def60708
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nftdawnio · 2 years
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The word "metaverse" seems to be everywhere these days, from the news to social media to dinner conversations. Even though the technology isn't very popular yet, tech and crypto investors are quickly becoming interested in it. So, metaverse coins are a chance for 2022 that hasn't been taken yet. It also helps that Meta, one of the world's biggest tech companies, is betting on the metaverse and even changed its name from Facebook to reflect this. In 2021, the company spent $10 billion on its metaverse project, which it called the future of technology. In this journey, cryptocurrencies and the blockchain will be very important. It's important to remember that the cryptocurrency market is always changing, and something that's doing well today could drop in value tomorrow. Never put in more money than you can afford to lose. So, what does metaverse have to do with digital currencies? Just what is the metaverse? Plus, which tokens of the metaverse should you buy? Here's what you need to know about the metaverse and how to choose the best coins to invest in. The best Metaverse coins to buy are: The good news is that coin prices are low because metaverse projects are still pretty new. In many cases, they are well under $1 and in some, they are even less than 1 cent. This makes it possible for almost anyone to invest. Still, that doesn't mean that every project is worth your money. In fact, experts in the field told CNBC that the current bear market is likely to shake out the "bad actors," or developers who have been more interested in making money than in building their projects. It's best to buy metaverse coins that have shown promise through performance, usefulness, or strong financial backing, or all three. Here are some coins in the metaverse that look good for 2022. Umetaworld (UMW) UMW is a BSC token, which has stayed under the radar for quite sometime, in comparison with most alternatives we believe it has a lot of potential, being that their Metaverse is already live and working and available on the Google Play and Applestore. Since it launched during the Bear market it allows to buy at the lowest prices, since it is very hard to enter at the bottoms, this one is a no brainer. The project is constantly improving and the team doesn't rely on investors funds for further development, really curious to see the pace in which they will evolve once the bull run begins. We are keeping a close eye on this one. We do expect the highest returns in comparison to the others as they are the lowest cap project available in this list and have nothing to envy from the competition. Sandbox (SAND) The performance of the crypto metaverse project The Sandbox has been very good. The platform's native token, SAND, was always going up during 2021. In the last quarter of 2021, it finally crossed the $1 mark and kept going up to $8.40 last November. Since then, however, the price has dropped like most, if not all, cryptocurrencies. It is now worth $1.32, up about 63% from its June low. With a VR component, this project brings the idea of the metaverse to life. The Sandbox is basically a game, and game companies like Atari are behind it, which could help it get through the current bear market. Also, Lionsgate recently teamed up with The Sandbox to make a "Hellboy"-themed metaverse destination. Tony Hawk said he will build a skateboard park there, which was reported by Deadline. Sandbox has a lot to do with making and trading NFTs. With SAND metaverse tokens, players can make NFTs. This project is based on Ethereum, just like a lot of other cryptocurrency projects. Another good thing is that there are only 3 billion tokens available, of which only 1.26 billion are in use. As of August 12, its market value is $1.7 billion. Decentraland (MANA) Decentraland is a crypto metaverse project that has been in the news a lot because it is popular. This was partly because of the NFT craze, which also helped the platform's native token, MANA, gain a lot of value.
Many NFT owners started showing off their NFTs on the platform. This metaverse platform has more than just NFTs, though. The main thing about it is that you can buy virtual land and make virtual games and other digital assets. Sotheby's, which sells expensive goods and art, bought a piece of land in Decentraland and built a copy of its London offices there. This shows that big companies are also interested in metaverse projects. Decentraland was made in 2017, so it is one of the older projects that has taken a while to get noticed. Even though MANA hasn't done very well, its market cap is an impressive $1.9 billion as of August 12. This makes it the second-largest metaverse token by market cap. MANA has gone down a lot since the start of the year, but it's up 31% from a year ago. Highstreet (HIGH) Highstreet is an interesting metaverse project that works with virtual reality and has potential, at least for metaverse uses. One thing is that you can buy things in this virtual world with the currency HIGH. Some stores that use Shopify are already built into the platform. It has games and is interested in NFTs, so it seems to be up to date on tech and crypto trends. Also, HIGH can now be bought and sold on Coinbase. From the real world, or meta world in this case, this project already does what the metaverse technology promises to do. If you're an investor who looks at how useful something is, this could be a good choice. HTC, a tech company, is behind the project, and in August 2021, $5 million was raised for it. As of August 2022, its market value is over $24.9 million. Floki Inu (FLOKI) Yes, Floki Inu is yet another cryptocurrency based on a dog meme, but it has a chance of being a good metaverse crypto, especially for people who want undervalued cryptos. The currency is called Shiba Inu because that is the name of Elon Musk's dog, which is also the name of another cryptocurrency project. On its website, the project says it wants to mix memes with real-world use cases. It also says that it will release a game, an NFT marketplace, a content and education platform, and a platform for selling NFTs. Even though this project is still in the works, people have still bought FLOKI tokens. As of August 12, Floki Inu has a market value of $141.31 million and sells for $0.000015. Metahero (HERO) Metahero is a new metaverse project that uses 3D scanning to make high-definition avatars of people and things from the real world. The company has even set up a scanning chamber in Doha that can scan objects and turn them into digital 3D versions for the Metahero universe. Wolf Studio is working with Metahero to make this happen. As of August 2022, HERO, the cryptocurrency's native token, had a market cap of $44.3 million. Even though that is less than some of the other tokens on this list, that is because the project is so new. Metahero's performance so far this year is -43%, which isn't too bad compared to other alt-currencies, even though many on this list have gone up in the last month. The work that CEO Rob Gryn has done with his other meta project, Everdone, in the past month could also help Metahero. Terra Virtua Kolect (TVK) Terra Virtua Kolect is a project that started in 2017, before there were any NFTs. But now, NFTs are all that matter in a virtual world. With the native token TVK, you can make, sell, and buy NFTs from other members. Since this project is based on NFTs, and NFT investments are on the rise, it has a huge amount of potential. CoinMarketCap says that the platform can be used on the web, on a PC, and in augmented reality/virtual reality environments. Terra Virtua just added the Cardano blockchain to its marketplace to make it more environmentally friendly. NFT Evening said that it had already added Polygon, the first carbon-positive blockchain. The market value of TVK is now over $40.98 million, and its performance so far this year is -70.8%, which is better than last month.
But new partnerships, like the one it just made with the NFT game Kawaii Islands, could bring in enough users to make it work in the long run. Star Atlas (ATLAS) Star Atlas is a project in the metaverse that is based on a game with beautiful graphics. The game takes place in the future, in the year 2620, and players can take over land and gather resources in a very futuristic setting. The metaverse just made a deal with iBuyPower, a PC maker that will provide the hardware for Star Atlas. This is expected to bring in more players to the game. The metaverse token, called ATLAS, is used in the game. It is earned by playing the game. Think of it as a normal reward-based game where you play and do things to earn coins. In this case, though, the rewards could lead to gains. The game is built on Solana, which means it has low transaction fees compared to projects built on Ethereum. It is worth $16.9 million on the market, and each coin is worth $0.0078. Enjin (ENJ) Metaverse coins are common in games, and Enjin is no different. It's a metaverse-style gaming environment where you can "mine" the local token, ENJ, which you can then use to buy assets that will help you move forward in the game. ENJ can be used to buy anything in the game, from medicine to upgrades for your character. So it's also similar to a market. Enjin is built on the Ethereum blockchain and has a market cap of $621,7 million. Enjin just put up the first NFT parachain on Polkadot. This made more than 100 games and apps available. Enjin started beta testing its Enjin Wallet 2.0 in May, when it reached 500,000 wallets. Each wallet represents a user. Epik Prime (EPIK) Epik Prime is a project in the metaverse that is now all about NFTs. On PancakeSwap, Hotcoin Global, KuCoin, and Huobi Global, you can buy and sell EPIK. According to CoinMarketCap, Epik has more than 300 gaming clients and licenses NFT collectibles and experiences to companies like Warner Music and Universal. This means that after a few months of falling prices, it is likely to rise again. Last year, EPIK came out, and its market cap is $4.9 million. This is by far the smallest coin on this list, but big companies are finding ways to use it. How do Metaverse Coins work? Metaverse is the technology behind a virtual universe where people can shop, play games, buy and sell currencies and objects, and more. Think of it as a mix of augmented reality, virtual reality, social media, gaming, and cryptocurrencies. Cryptocurrencies will be used as money in the metaverse. This is based on the idea of a blockchain. This is where "metaverse coins," "metaverse tokens," and "metaverse crypto" get their names. Every metaverse project has its own tokens, which are used to do business in that environment. Current Projects in the Metaverse There are already a lot of metaverse projects going on, and you can buy their tokens. Some of them are even listed on coin exchanges. Investors and crypto fans are looking at these projects because they show promise. Macro, a U.K.-based research firm, says that in 2021, metaverse coins will have grown more than three times as much as bitcoin. At the same time, bitcoin, which has the most market value, went up by 100%. Metaverse projects range from virtual games to marketplaces for non-fungible tokens. Each one has a different idea and some real-world uses. Conclusion Metaverse projects are popping up everywhere, but some of them have real promise and stand out from the rest. The idea of the metaverse is deeply rooted in blockchain and cryptocurrency, which is why it might be a good idea to invest in some of these projects. Also, there seems to be more and more talk about NFT. But, as with any other investment, don't put all your money on one type of metaverse coin, and don't invest money you can't afford to lose. Diversify your investments, and most importantly, buy coins you think will do well. https://nftdawn.io/best-metaverse-crypto-in-2022/?feed_id=2034&_unique_id=631f111466abe
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nftdawnio · 2 years
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The proposals for XLS30d (proposed automated market maker) and XLS-20 are at different stages of development. So, it's likely that the XRP ledger will get new features soon that will make it possible to do DeFi and NFTs. The XRPL validator is currently thinking about the XLS-20 proposal, which would let native NFTs work on the XRP ledger. So, it would be possible to quickly and easily make NFTs on the XRP ledger. It also keeps the ledger from slowing down too much and prevents congestion on a large scale. With features like auctioning and minting already built in, XLS-20 can make it much easier for developers to make NFTs. Once the XRPL community adopts XLS-20, which is the proposed NFT protocol, NFT transactions on the XRPL will be faster. Also, buying, selling, and making NFTs will be cheaper. In January, developers at Ripple set up an NFT devnet to make it easier for NFTs to work on the XRP ledger. The XLS-30d proposal The July 2022 XLS-30d proposal says that the XRPL decentralized exchange should have a non-custodial automated market maker (AMM) (DEX). The goal is to get the most money back for AMM liquidity providers while lowering the risk of losing money due to volatility. In this way, the XRPL will have better DeFi functionality. Wo Jake, an XRPL developer, said that Ripple's codebase has the proposal for the AMM amendment as a pr file. Emi Yoshikawa, who is Vice President of Corporate Operations and Strategy at Ripple, tweeted about when the AMM (XLS30d) proposal will be finished. She said that the AMM devnet release should be out in the next couple of weeks. The Ripple executive also said that a proposal to change the rules would be ready by the end of the third quarter of 2022. https://twitter.com/onXRPdotcom/status/1567628760920498178 Yoshikawa explained the importance of the proposed AMM (XLS30d) by saying, "On the XRP ledger, there has been a DEX since 2012. But it's in the form of an order book (the CLOB)." "Adding an AMM based on a future change would make the CLOB DEX stronger and increase liquidity by a large amount." https://nftdawn.io/ripple-xrp-ledger-might-receive-soon-new-features-for-defi-and-nfts/?feed_id=2026&_unique_id=631da2fd3c4ec
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nftdawnio · 2 years
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The Ford Motor Company has shown what it wants to do in the metaverse. The car company is the most recent one to file a trademark with the U.S. Patent and Trade Office (USPTO). Trademark lawyer Mike Kondoudis wrote on Twitter that the American car company filed 19 trademark applications for big brands like Mustang, Lincoln, Bronco, and so on. https://twitter.com/KondoudisLaw/status/1567480586666741760 Look at the application more closely When you look more closely at one of the 19 applications, you can see that the filing is for more than one product. There is art, text, audio, and video about Ford cars that can be downloaded. These would be verified by NFTs, digital goods, and an NFT marketplace, where, among other things, digital art could be sold. The application also talked about "downloadable virtual goods," which are things like car parts and accessories that can be downloaded. This would be for "online virtual worlds" like virtual and augmented reality exhibitions. A new trend in the field Through NFTs and digital products, the auto industry is becoming more connected to the "metaverse." Also, well-known brands like Nissan, Toyota, and others are announcing projects that have to do with space. Also, NFTs may be sold as an extra with the purchase of cards if they come with the actual car. This could go well with automakers' move toward electric cars, which is good for the environment. Mike Kondoudis also said earlier this week on Twitter that over 5,800 trademark applications for NFTs and services like them have been filed for 2022. More than 2087 filings were made in 2021, but only 2351 were made in the second quarter of 2022. https://twitter.com/KondoudisLaw/status/1567094689295130624 Mercedes Benz worked with Art2People earlier this year to create a one-of-a-kind Mercedes Benz NFT collection based on their G-Class line. At about the same time, Lamborghini, an Italian sports car company, announced their first NFT collection. The NFT trend is spreading to related fields. In June of this year, British car company McLaren said that its Formula 1 (F1) division would be making the McLaren Racing Collective. This would be a collection of race cars made by NFT. Last month, the F1 championship announced that they plan to add NFTs and digital merchandise. Crypto exchanges have also taken advantage of the fact that retail users are becoming more interested in NFTs. Exchanges has been a sponsor for a number of F1 World Championship teams. Mercedes F1 teamed up with FTX, and Aston Martin joined forces with crypto.com. Also, Velas is helping to pay for Ferrari. The thousands of filings with the USPTO show that big names around the world are using NFTs more and more. Big companies in the tech, auto, fashion, and fast food industries are joining the metaverse. By the end of the decade, the NFT industry is expected to be worth $240 billion. Everyone wants a piece of it, which is clear. https://nftdawn.io/ford-becomes-the-latest-giant-to-enter-the-nft-world/?feed_id=2018&_unique_id=631da1badaecc
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nftdawnio · 2 years
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Jim Carrey put out his "first" NFTs on SuperRare in June and August, but it turns out that he had already put out an NFT collection called Germinations on Foundation months before. Carrey has been a part of culture on his own for a long time, and Germinations is all about that. In an interview with nft now, Mack Flavelle, CEO of Big Head Club, said, "We were trying to play with the audience." "You're looking at Jim Carrey's face right now. Jim Carrey is talking about [these paintings] as you listen. You have no idea that it's Jim Carrey. Part of the play was that. The plan worked." The five animated paintings in the Germinations collection range in length from 30 seconds to 1 minute, and each one has audio from Carrey as he plays a different character. Some are sad and others are crazy, but they all catch your attention. Carrey made the NFTs by making short videos of himself in character, stopping the videos, and making paintings out of the video stills. He then gave the Big Head Club team the pictures and the sound, which they used to make the paintings move. "They are the voices he hears in his head," Flavelle said next. "They sound like different people to him. So, when you look at them, remember that he painted himself in each one. All of the paintings are about the artist's life. They are just his mannerisms." Flavelle, who co-founded big Web3 successes like Dapper Labs and CryptoKitties before starting Big Head Club, said that since Carrey is already a well-known public figure, they didn't have to worry about making the project work best for making money. This gave him and Carrey a chance to try out project ideas that they both found interesting. Flavelle said that after months of working on the project together, he was struck by Carrey's intensity and drive for the creative process. Flavelle said of Carrey, "He has an urge, a need to make things." "He feels the need to make art. And he became very interested in this new form of art. There were some new and interesting things going on in art that he didn't know about before NFTs. He has a lot of skill as a painter. But he had never seen a painting with moving parts before." During talks about the project, both of them were ready to give up because they weren't happy with how creatively things were going. In a strange way, this anger led to the idea of an anonymous release. Flavelle said, "We started talking about how boring it is that Jim Carrey makes art and no one looks at it." "All they talk about is how a famous person made it. I asked [Carrey] if he knew about the subway experiment in Washington, DC. I thought, Let's have some fun with that. Let's explore you doing art." Flavelle is talking about an experiment that Joshua Bell, a famous violinist and conductor, did in 2007 at Union Station in Washington, D.C. Bell played the first movement of Bach's Violin Concerto without anyone knowing who he was. for people walking by during the morning rush. The experiment has shown some interesting things. When Germinations came out, Flavelle told the Big Head Club community about it on Twitter and Discord as a unique project they believed people would like. The goal was also to see how the community would react if the Big Head Club team suggested a collection drop out of the blue. Flavelle said, "We just left it there." "With his face on every painting and his voice on each and every one. We got these posted on Foundation so that a lot of people would see them. "That wouldn't be a cool story if no one knew it was Jim Carrey and no one saw the art. Both String Bean's Twitter account and his bio page on Foundation had small hints and clues about who Jim Carrey was. They give visitors an acrostic where the first letter of each line spells out a sentence. For Carrey, the bio says the following: "Joyful, immersive, maniacal, Whimsical, asinine, subterrestrial. Heretical, eternal, rambunctious, expansive." At the time this was written, The Bottles that Empty Me was the most popular piece in the collection.
A collector bought it for 0.55 ETH. Carrey and Flavelle talked about keeping the secret for years, but in the end, they decided it was time for the world to find out who was behind the project. Flavelle said, "It's time for everyone to know that Jim Carrey is String Bean, and he's happy about that." What comes next? Flavelle gave a vague answer when asked what's next for Carrey's String Bean adventures. "String Bean is going to say more," he said. "It's not over yet. It's the start. I don't think we'll go as far as Jim Carrey with these new ideas. I think that "Jim Carrey" might end, leaving only "String Bean." I think that the acid of reality has eaten away at Jim Carrey the artist, leaving String Bean in its place. He has a deep need to make things. And that's not just a nice thing to say. It's both a good thing and a bad thing. He thinks about work all the time. And I don't work with many people who are." The String Bean experiment shows in a unique way how people decide to value fame, which Flavelle talks about so seriously. It also shows that being famous might not be as satisfying and important as society makes it seem. Flavelle told nft now that he had never seen Carrey so "light and happy" as he was when Germinations came out, which says a lot on its own. Carrey has had a long and successful career in Hollywood, and he is now nearing the end of it. How he uses his creative energy in the last years of his career will be good for all who love his work. Germinations was conceptually fun, and I hope that his future projects in the NFT space will be the same way. "My full name is Jim Eugene Carrey," Carrey said in a written statement about the project that was only given to nft now. "When I was a kid, people called me Jimmy-Gene the String Bean because I was long, skinny, and very flexible. People try to describe and distinguish each other in many ways, some of which are cute and others not so much, but we aren't separate. Each person we meet is a different facet of the same valuable diamond. I try to find those people inside of me. I might release the videos where I studied the characters' voices and faces that these NFTs are based on one day. I like coming up with new ways to do things that don't fit into any clear category yet. https://nftdawn.io/jim-carrey-secretly-publishing-nfts-via-his-web3-alias/?feed_id=2010&_unique_id=631c4303961af
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A court filing on Friday said that famous director Quentin Tarantino and production company Miramax have reached a settlement in their long-running non-fungible token (NFT) lawsuit. Both sides have agreed to drop the lawsuit, which started when Tarantino said last November that he was going to release NFTs with footage from his hit 1994 movie "Pulp Fiction," which Miramax said it owned the rights to redistribute. In a joint statement released Friday, Tarantino and Miramax said, "The parties have agreed to put this matter behind them and look forward to working together on future projects, including possible NFTs." The details of the deal were not made public. The first NFT from Tarantino's collection sold at auction in January for more than $1 million. Many people thought that the case was a great example of Web2 copyright laws being used in a Web3 setting. The people who work for Tarantino said that NFTs, which didn't exist when the movie came out, aren't part of the list of media that can't be shared again. The NFT collection lives on the SCRT network, which is known for its "secret" NFTs that can only be seen by the people who own them. The lawsuit was also about how the NFTs worked, since Miramax didn't know what token-gated content was being distributed. https://nftdawn.io/quentin-tarantino-settles-with-miramax-in-nft-lawsuit/?feed_id=2002&_unique_id=631c41b7cb4b8
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