Nft news

Most of us know NFTs as digital art images and collectibles, while it includes many other NFT trends ranging from gaming NFTs to NFT TV shows. Meanwhile, celebrities such as Snoop Dogg started incorporating NFT into their music albums, in his case Death Row Records, which has made music NFT the next big NFT trend. But how could it be possible? It is clear that buying a music NFT is totally different from purchasing music from the iTunes library or Amazon. Buying music from the usual online platforms means only purchasing the right to listen to the music, but buying a music NFT gives you the ownership of the piece. NFT music even can do much more than that, as it has boundless potential for changing the music industry. In the following, we provide details about music NFT to help our readers have a better understand about how NFTs can revolutionize the music industry and what it brings to the future. What is a music NFT? NFTs, or non-fungible tokens, are built on blockchains and

Gmoney, the foremost NFT collector, has been a pillar of the NFT community for years. Hiding behind a pseudonym and a CryptoPunk facade, he has continued to be a key proponent of NFT technology and mainstream adoption, providing insight to the wider NFT community, and gaining him the respect of futurists and creative directors. Gmoney has maintained his resolve to stay anonymous throughout his many undertakings, including the launch of the popular NFT project Admit One and the creation of 9dcc, the world’s first crypto-native luxury residence and lifestyle platform, preferring that his actions speak for themselves. During nft now x Mana Common’s The Gateway metropolis extravaganza, however, the anonymous investor has revealed his true name, revealing the entire scale of his own brand and expanding Web3 empire. Leaving behind the CryptoPunk cover Despite the fact that anonymity and pseudonymity are commonly accepted in Web3, each is regarded as a double-edged sword in the NFT domai

In an announcement made before the end of Q4 2022, OpenSea, a marketplace for cryptocurrency collectibles and NFTs, said it would be integrating the BNB Chain on the Seaport Protocol. Due to the connection, users of the OpenSea marketplace will be able to purchase, list, and trade BNB Chain NFTs. Binance Coin, the in-house currency of the exchange, is the fuel that drives BNB Chain, a blockchain network designed specifically for the Web3 . Among other things, the goal of incorporating BNB Chain into OpenSea’s Seaport Protocol is to provide BNB Chain creators with the ability to receive numerous creator payouts in real time and to manage their collections. Investment Director at BNB Chain Gwendolyn Regina stated her company’s desire to enhance the NFT development and user experience. After that, she said: “The integration will bring a large number of creators into the wider system, as well as empower the creators and NFT initiatives inside the BNB Chain ecosystem.” Our hope is that

It has been confirmed with a source acquainted with the situation that the sports and entertainment NFT company Candy Digital, which was founded in 2021 and grew to a valuation of $1.5 billion the same year, laid off a large number of employees today. Based on interviews with persons close to the company, Sportico was the first to report that Candy had laid off more than a third of its around 100-person workforce. Former community content manager and tweeter Matthew Muntner revealed his departure via Twitter. Gary Vaynerchuk , a successful entrepreneur and investor, joined forces with Mike Novogratz, CEO of Galaxy Digital, and Michael Rubin, executive chairman of sports products giant Fanatics, to launch Candy Digital in June 2021. During that period, Fanatics came forward as the company’s principal owner and promised to promote Candy to its existing client base. In October 2021, Candy Digital revealed a $1.5 billion value after raising $100 million in a Series A round led by Insig

House members will begin investigating the fall of the cryptocurrency exchange FTX and its impact on the digital asset market during a meeting scheduled for next month. The House Financial Services Committee will hold its first hearing on FTX on December 13. Hearing entitled “Investigating the Collapse of FTX, Part I” is likely the first of a series. Once valued at $32 billion, FTX filed for bankruptcy protection this month. The company’s native utility coin, FTT, crashed after a run. The committee did not make available the roster of witnesses for the December hearing. Sam Bankman-Fried, the former CEO of FTX, as well as his trading firm Alameda Research and rival exchange Binance, according to Waters and Ranking Republican Rep. Patrick McHenry, R-N.C. McHenry, who will likely preside over the committee in the upcoming Congress, stated earlier this month that the hearing would also focus on Binance’s role in the crash. Bankman-Fried will discuss the congressional investigation at

Non-fungible tokens representing images of mainland China protests against the zero-Covid regulation are now available for purchase on OpenSea, the largest NFT marketplace . A Polygon-based NFT collection of 135 photographs named “Silent Speech” depicts the protests with an opening bid of 0.01 ETH (US$11.74) in an auction that began on Sunday and lasted seven days. Another NFT collection, Blank Paper Movement, comprises of 24 stylised photographs primarily depicting protestors clutching blank papers to symbolize the repression of free expression. At 3:00 p.m. on Monday, Hong Kong time, the minimum price for Ethereum-based NFTs was 10 Ether (US$11,720). Protests erupted in Urumqi, the capital of China’s northwestern province Xinjiang, after a fatal fire on Thursday, with locals rushing to the streets and the internet to express their outrage and reservations about zero-Covid lockdowns. The growth of the protests was exacerbated by the local government’s assertion that the victims’ i

When billionaire entrepreneur Elon Musk declared his intention to integrate payments into what he refers to as Twitter 2.0, “The Everything App,” the price of Dogecoin briefly increased by 19.4%. (DOGE). The new Twitter CEO announced his aims to his 119.2 million followers via Twitter on November 27 by sharing numerous slides from a recent “Twitter corporate talk.” Slides from my Twitter company talk pic.twitter.com/8LLXrwylta — Elon Musk (@elonmusk) November 27, 2022 Musk did not mention DOGE in the tweet or the accompanying slides, but this did not prevent some investors from speculating that Dogecoin may be involved. CoinGecko indicates that many hours after the tweet, the price of Dogecoin (DOGE) rose by 19.4 percent, from $0.089 to $0.107, before leveling off at $0.096 at the time of writing. Musk’s concept for Twitter 2.0 also includes “Advertising as Entertainment,” “Video,” “Encrypted DMs,” “Longform Tweets,” and the “Relaunch Blue Verified.” In terms of “new user

Success results in criticism. Already, the Securities and Exchange Commission is investigating Yuga Labs, a prominent NFT project. However, Scott+Scott, a consumer rights organization, has also announced a new investigation into Yuga Labs, so this is not the only cause for concern. According to a press statement dated November 23, 2022, the law firm is investigating whether Yuga Labs or “some of its officers, directors, promoters, and business insiders” violated federal securities laws. In light of this, the law firm has invited everyone who purchased a Yuga Labs asset and suffered a big loss to come forward. Among the most well-known Yuga Lab assets are the Bored Ape Yacht Club, Mutant Ape Yacht Club, and ApeCoin NFTs. All indications indicate that the law firm is preparing for a potential class action lawsuit against the company. According to the press release, the reduction in the market value of Yuga Labs’ assets appears to be one of the reasons for the lawsuit. The question

Yuga Labs has found significant success in the NFT space, holding series’ collectively worth billions of dollars. The company is currently looking to give back to the community by donating to Miami music and education communities in Miami. Giving back to the community As revealed on November 23, 2022, the company will donate $150,000 to expand music and education programs in the Miami area. The initiative is led via a cooperation between Yuga Labs and NTS Live, a music discovery platform. “The funds are being donated to Music Access Miami, an organization which like us, believes that at the core of healthy communities and thriving young people is access to consistent forms of self-expression, access to the arts, and access to music education,” explained a statement from Yuga Labs. Today we’re proud to announce that Yuga, alongside the amazing team at @NTSlive , will be donating $150K to support the expansion of access to music programs and education for the youth of Miami. — Yug

Cardano (ADA), Ethereum (ETH), and Rocketize Token (JATO) are redefining NFTs in the cryptocurrency market. The NFT market has a market cap of over $11.3 billion, and over 2.4 million different wallets are utilized to execute transactions. That’s why this part of the bitcoin industry is so lucrative; it’s where most of the money is made. In other words, no divine intervention was involved. One of the few things that crypto enthusiasts have any say over is the buying and selling of non-fungible tokens. They can choose from an infinite number of NFTs. Digital assets, concert tickets, avatars, and even music all have their own unique tokens that can’t be exchanged for anything else. Of course, there are certain downsides to NFTs as well. The improper token could lose you a lot of money if you invest in it. If you don’t believe me, just ask Justin Bieber, who paid $1.3 million for a Bored Ape that is now worth around $69 thousand. While ongoing research and development of NFTs are

Prada has introduced a new assortment of NFTs in preparation for the upcoming Christmas season. The upscale luxury fashion brand has announced the return of its TimeCapsule NFT collection for the Christmas season. On December 1 at 3pm CET, an unique NFT drop involving physical Prada clothes will be released. This next release is the brand’s seventh timecapsule NFT collection, which debuted in December 2019. During this monthly event, shoppers have 24 hours to purchase limited-edition products. The collection features 50 non-gender-specific festive sweaters. The white and red materials are woven from merino wool using a Norwegian jacquard stitch. In addition, the back contains an embroidered business logo and the word “December.” Moreover, holders will get access to special events and activities. Examples include invitations to global events including Prada Mode and Prada Extension. As in prior editions, the fashion house plans to continue giving Web3 community members with exclusiv

One trend that should be positive for investors regardless of where cryptocurrencies take off in 2022 is the growing number of companies exploring ways to leverage blockchain’s potential. In contrast to Web2, which relied on a small number of huge technology firms, Web3 is a growing decentralized internet, and this week saw the entry of another prominent company into this space. The sportswear company Nike (NKE 0.64%) released a press release announcing the availability of its Web3 platform. To digitize clothes Nike’s digital apparel and assets are being consolidated with the release of. Swoosh. Users will be able to outfit their Web3-friendly avatars in Nike gear. Additionally, the site will sell non-fungible tokens (NFTs) of a limited supply. Users will also be able to meet elite athletes and get real-world perks like gear. Those who have been following the development of Nike’s digital activities since December 2021, when Nike repurchased RTFKT (another Web3 startup with a si

Binance’s decision follows a month of severe unpredictability for Serum as a result of its ties to the bankrupt FTX and its founder. Binance has decided to ban a number of trading pairs for the SRM token, including those against the Binance exchange token (BNB), Bitcoin (BTC), and Tether’s stablecoin (USDT). Serum is the governance token for the decentralized Solana-based exchange supported in August 2020 by FTX and Alameda Research. Since FTX’s huge collapse, Project Serum has been plagued by confusion; despite being touted as decentralized, some prominent developers, like Max Schneider, the co-founder of cryptocurrency exchange Mango Markets, speculated that someone at FTX may have controlled keys to the exchange. Anatoly Yakovenko, the founder of Solana, stated on Twitter that the developers that rely on Serum are forking the program because the upgrade key to the current version has been compromised. Jump is forking Serum and rallying market makers behind them, while also

It would appear that Saudi Arabia is a well-liked option in the bitcoin market right now. Fans are already making wagers on who they think will advance to the knockout stages of the 2018 FIFA World Cup in Qatar, despite the tournament having just been underway for a matter of days. There was a 387% increase in sales of a Saudi Arabia-themed non-fungible token (NFT) collection on Tuesday, after the country shocked the globe by defeating one of the best soccer teams, 2-1. However, at of press time, ARG, Argentina’s fan token, has dropped 21% from the previous day’s trading price to $5.44 on cryptocurrency exchange platform CoinMarketCap. The South American squad, captained by Lionel Messi, was the heavy favorite heading into Monday’s encounter. Bets placed using cryptocurrency tokens saw a spike in popularity during this year’s World Cup. Chiliz (CHZ), the native token of the Chiliz blockchain that drives Socios.com, the largest sports fan token creation platform, rose by 39% in the

Grand Slam NFT project, Australian Open ‘ArtBall’ offers new heat in the midst of ‘crypto winter,’ remaining on-strategy to commit investment and disclose goals, which is expected to considerably rejuvenate holder optimism. Hey ArtBall Members AO23 is just around the corner and we’ve got some awesome updates coming soon… Ah, what the heck, here’s the first serve: The ArtBall Ground Pass pic.twitter.com/VzOj88KNSC — AOmetaverse (@AOmetaverse) November 23, 2022 In a demonstration of the most comprehensive rewards program on the blockchain, AO ArtBall provides its holders with an unprecedented number of tickets to major tennis and live athletic events, as well as AO23 Ground Passes, exclusive behind-the-scenes streaming, and an improved fan experience. AO ArtBall, designed by Tennis Australia and Web3 company Run it Wild, announces a record number of AO23 tickets for NFT holders. Moreover, holders will have access to live sporting and entertainment events that span both the v