Tag: NFT

Gwyneth, Shaq, Paris, Eminem — A Deep Dive Into the NFT Collecting Habits of the Rich and Famous – Featured Bitcoin News

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Over the last year, celebrities have been dabbling in non-fungible token (NFT) collectibles and a few of their purchases have brought them attention. For instance, a number of socialites, luminaries, big-name personalities, and today’s top brass have purchased NFTs from the Bored Ape Yacht Club (BAYC) collection. While they paid a pretty penny in ethereum for the BAYC NFTs, many celebrities have deep pockets when it comes to other NFT collections as well. Celebrities Love NFTs A whole bunch of famous people own non-fungible tokens (NFTs) and the trend has…

Ripple Welcomes More Than 4,000 Artists Into Its New NFT Platform

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Rising blockchain company Ripple has announced the onboarding of around 4,000 singers, musicians, content creators, game designers, and other artists into its NFT platform with a Creator Fund worth more than $250 million. Launched in Sep. 2021, the blockchain producer is aiming to support artists and creative agencies like Mintable, MintNFT, VSA Partners, NFT PRO, Ethernal Labs, and onXRP. The creator fund will be distributed on a batch basis with a varying theme for each “wave” of applications. Related Article | Veteran Trader Advises ‘Gen Zs’ To Set Aside Savings…

Yuga Labs Obtains Cryptopunks and Meebits Brands, Gives Commercial Rights to NFT Holders – Bitcoin News

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On Friday, Yuga Labs, the firm behind the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, announced the company acquired the intellectual property behind the Cryptopunks and Meebits brands. Furthermore, after obtaining the IP from Larva Labs, Yuga has decided to give “full commercial rights to the NFT holders.” Bored Ape Creators Yuga Labs Acquires Cryptopunks and Meebits Collections From Larva Labs Last year and during the course of 2022, non-fungible tokens (NFTs) have seemingly become a mainstay within the crypto industry. One of the teams behind the fifth-largest…

Shelling Out $30K or More in Ethereum — A Look at the Top 5 NFT Floor Prices – Markets and Prices Bitcoin News

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Non-fungible token (NFT) assets have been very popular for well over 12 months and a great number of collections have skyrocketed in value. While interest in NFTs has slid to a four-month low according to Google Trends search queries, a vast quantity of NFTs are still selling for hundreds of thousands or even millions of dollars in crypto. The following is a look at the top five NFT floor prices in terms of the most expensive digital collectibles in March 2022. The Top 5 NFT Floor Values Are $30K or…

How do you assess the value of an NFT?

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Understanding the valuation matrix There is no rule book on how to assess an NFT valuation. The metrics you use for evaluating private companies or conventional investment vehicles such as shares are simply not applicable to NFTs. Usually, the payment rolled out by the last buyer gives some indication of the value. For NFTs, however, it is hard to guess what the next buyer might pay, depending on their estimates. Most buyers lack the skills to ascertain the value of NFTs logically and base their quotes on guesswork. For sellers…

Crypto Exchange Platform Airdrops LeBron James-Themed NFT Collection to Observant Viewers of Super Bowl Ad

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Crypto exchange platform Crypto.com is airdropping an exclusive non-fungible token (NFT) collection to hawk-eyed viewers of their commercial during the Super Bowl. In a new blog post, the company announced that they would be airdropping NFTs that capture key moments of NBA superstar LeBron James’s career to observant fans who noticed a QR code easter egg during their Super Bowl advertisement. The easter egg appeared during the commercial as a QR code hidden amongst a young James’ possessions. Fans who followed the code were taken to a secret webpage where…

Reef Launches NFT Team Focused on Graffiti and Electronic Music Artists – Press release Bitcoin News

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press release PRESS RELEASE. Reef, a layer 1 Substrate based blockchain for DeFi, NFTs, and gaming, announced today it’s launching a new NFT division focused on connecting with graffiti and electronic artists while scaling up it’s blockchain to be more NFT-friendly. In the last two months, Reef has been working behind the scenes to kickstart its contribution to the NFT landscape. They’ve hired Philip Galaviz, an influential figure in the Denver music and art scene, to join the team as Head of NFT. Philip has worked with Digitally Imported Radio,…

Softbank’s Internet Firm Z Holdings Plans to Launch NFT Mall in 180 Countries – Bitcoin News

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Z Holdings, the internet subsidiary of the Japanese conglomerate holding company Softbank, is planning to launch a global non-fungible token (NFT) marketplace this spring. Z Holdings’ “NFT Mall” aims to target 180 countries and leverage the firm’s Paypay service in order to attract Web3, metaverse, and NFT patrons. Z Holdings Doesn’t Want to ‘Miss out on Huge Growth Opportunity’ Softbank’s internet firm Z Holdings plans to launch an NFT marketplace called “NFT Mall,” according to a Bloomberg interview with the company’s co-CEO Kentaro Kawabe. The firm’s parent company merged Line…

Axie Infinity accounted for nearly two-thirds of blockchain-game NFT transactions in 2021

According to a recent report curated by NonFungible, players of the monster-battle nonfungible tokens, or NFTs, game Axie Infinity transacted nearly $3.5 billion worth of NFTs in 2021. This accounts for almost two-thirds of all NFTs transacted in the entire blockchain gaming industry in 2021. In second and third place were sports highlights marketplace NBA Top Shot with $827 million and community gaming platform Loot with $242 million, respectively. Created by Vietnamese video game developer Sky Mavis in 2018, the game contains creatures called “Axies” that players collect and use…