Tag: NFT

NFT project Azuki launches Physical Backed Token

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Anime-inspired nonfungible token (NFT) project Azuki has released a Physical Backed Token (PBT) — an open-source token standard that ties a physical item to a digital token on the Ethereum blockchain.   Azuki shared on its Twitter account that the first implementation of the PBT will use the BEAN Chip; a physical cryptographic chip that self-generates an asymmetric key pair. The combination of the PBT and the BEAN Chip introduces a feature, which the project is calling “scan to own”. Introducing the Physical Backed Token (PBT): an open source token…

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How to Launch a Cross-Chain NFT Marketplace?

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NFTs are the new big thing in the world of cryptocurrency, and there are already a few big players in the space. However, there is room for more competition, and this article will show you how to launch your own cross-chain NFT marketplace. With a little bit of planning and some coding knowledge, you can be up and running in no time!   What Is a Cross-Chain NFT Marketplace? A cross-chain NFT marketplace is a digital marketplace that allows users to buy, sell, or trade non-fungible tokens (NFTs) that are…

Crypto Twitter split as another NFT platform moves to opt-in royalties

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Solana-based Magic Eden has become the latest NFT marketplace to shift to an optional royalties model, following in the footsteps of X2Y2 in August, albeit reluctantly.  Under the optional royalties model, buyers are given the power to set the royalties they want to contribute to an NFT project, meaning there is a chance that some creators may not receive royalties when their artworks are sold. In an Oct. 14 post, the NFT marketplace noted that the decision came after “difficult reflection and discussions with many creators” and came as the…

Academy Award winner Anthony Hopkins sells out NFT collection in minutes

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Oscar award-winning actor Sir Anthony Hopkins has sold out his debut NFT collection “The Eternal Collection” in under 10 minutes.  The collection, created in partnership with Orange Comet Inc, an NFT and Web3-focused design agency, features 1000 original cinematic art pieces inspired by different performances within the actor’s long career. According to the collection’s description on OpenSea, the body of work “conceptualizes an interpretation of the vast character archetypes Sir Anthony Hopkins has portrayed over his illustrious film career, drawing its potent energy from his stimulating body of art.” The…

NFT Steez and Cryptoys CEO discuss the future of toys within Web3 environments

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On Oct. 14, NFT Steez, a bi-weekly Twitter Spaces hosted by Alyssa Expósito and Ray Salmond, met with the founder of Cryptoys, Will Weinraub to discuss the current role of play and toys in regard to their integration with nonfungible tokens and Web3 as a whole.  Weinraub believes that the act of play is “not restricted to children” and believes that as adults, “we still crave the element of play throughout life.” According to Weinraub, through the development of technology, “play has evolved.” Nonfungible tokens, especially in gaming, have highlighted…

Ukraine’s Kharkiv Art Museum Launches NFT Collection With Binance to Raise Funds, Secure Jobs – News Bitcoin News

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The art museum in the Eastern Ukrainian city of Kharkiv has partnered with cryptocurrency exchange Binance to offer non-fungible tokens (NFTs) of some of its most valuable artworks. Proceeds from the auction will be used to restore the museum’s activities and support its staff. Ukrainian Museum to Sell 15 Works of Art as Digital Collectibles on Binance NFT The NFT marketplace of the world’s largest crypto exchange by trading volume, Binance NFT, has announced the launch of tokens representing over a dozen of Kharkiv Art Museum’s works. The cultural institution…

Ukrainian art museum to preserve art and cultural heritage through NFT auction

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As the Web3 space expands, nonfungible token (NFT) use cases continue to develop past the hyped days of stagnant digital art collections. However, even within the art realm, NFT utility is being reinvented, as is the case with a Ukrainian art museum. The Kharkiv Art Museum announced on Oct. 13 that its Art without Borders NFT collection is now available on the Binance NFT marketplace. Art without Borders includes 15 pieces of art from the museum’s collection, with proceeds going to finance the museum and “save the cultural heritage of…