YouTube sees ‘incredible potential’ in NFT video sales despite backlash threat

YouTube is looking at NFT integrations to provide new methods for creators to engage with fans and develop additional revenue streams. The news comes just a few weeks after YouTube CEO Susan Wojcicki hinted that the platform can use Web3 “as a source of inspiration” for growth and possibly adopt NFTs on the website. In a Feb. 10 blog post, YouTube’s Chief Product Officer Neal Mohan outlined a long list of new products, tools and features that the firm intends to roll out in 2022, with Web3 tech, blockchain, NFTs…

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OnlyFans offers NFT profile picture feature

Amrapali “Ami” Gan, OnlyFans’ CEO, commented in a statement to Reuters that the online subscription platform known for adult content will enable creators to make nonfungible token, or NFT, profile pictures. “Our mission is to empower creators to own their full potential. This feature is the first step in exploring the role that NFTs can play on our platform.” OnlyFans will only support NFTs minted on the Ethereum (ETH) blockchain and that an Ethereum icon next to the NFT profile picture would signal authenticity, as claimed by Reuters. According to the…

FlamingoDAO’s NFT Portfolio Is Now Worth $1B

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

Top 7 Things To Remember While Developing White Label NFT Marketplace

NFTs are the new hype that each and everyone wishes to be a part of. The tailor-made solution has emerged to make all the dreams of aspiring entrepreneurs come true. Through this, you can start an effective white label NFT marketplace. Let us now thrive on exploring more about the importance of these instant solutions. In addition, let’s focus on the essential things required for an NFT platform development. Why Begin With A White Label NFT Marketplace? Let us consider that you are an aspiring entrepreneur who aims to enter…

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Custom NFT Marketplace Creaticles Bolsters Advisory Board Ahead of Multi-Chain Expansion – Press release Bitcoin News

press release PRESS RELEASE. Boston, 10 February 2022 – Creaticles, the world’s first NFT Requests Marketplace, has today announced new signature additions to its Advisory Board, Jeff Jiho Zirlin, Co-Founder of Axie Infinity; Sébastien Borget, COO and Co-founder of Sandbox; Joe Zhou – Co-Founder and CEO of FirstBlood; Juergen Hoebarth, seasoned blockchain consultant and Founder of NFT.Art; and Kenny Li – MIT Sloan graduate and cofounder of Manta Network. The new Advisors join Creaticles as the platform gears up for its multi-chain expansion in the coming weeks. Creaticles is the…

Binance Partners With Korean Entertainment Corporation — NFT and Metaverse Collaborations Envisioned – Bitcoin News

Binance and the South Korean entertainment corporation, YG Entertainment, have signed an agreement that enables the two firms to collaborate on blockchain projects that include non-fungible tokens (NFTs). They also plan to develop games that are compatible with the Binance Smart Chain (BSC). NFTs, Games, and Metaverse Collaborations Cryptocurrency exchange Binance and YG Entertainment Inc., a South Korean entertainment corporation, recently announced they will cooperate on various blockchain projects and will also collaborate in the NFT space. Under the terms of the agreement, Binance will provide the NFT platform while…

Puerto Rican Treasury Department Aims to Tax NFT Sales – News Bitcoin News

The Treasury Department of Puerto Rico has published a working document that amends the current “Sales and Usage Tax” to include NFT sales. While this proposal has yet to be approved, experts believe the inclusion of NFTs in this reform brings validation to the asset class, but also that the application of this regulation presents challenges. Puerto Rico May Soon Tax NFT Sales The Department of Treasury of Puerto Rico has its eyes on NFT sales. The organization released a newly proposed reform to the Sales and Usage…