Tag: NFT

NFT collections take massive price hit in 2023: Nifty Newsletter, May 24–30

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In this week’s newsletter, read about some of the most popular nonfungible token (NFT) collections and top metaverse properties taking massive price hits in 2023. Check out how the Hong Kong Police Force launched its own metaverse platform, and how Reddit’s digital collectibles have managed to onboard almost 10 million users to the crypto and NFT space. In other news, infamous crypto hater Peter Schiff has launched his own NFT collection on Bitcoin Ordinals.  Popular NFT collections take massive price hit in 2023 The value of popular NFTs from 2022…

Sotheby’s To Auction Dmitri Cherniak’s The Goose at Second 3AC NFT Sale

“For the live auction, we specifically wanted to focus on showcasing generative art, and the sale was curated to reflect not only the collection’s deep holdings of some of the most sought-after and renowned generative artists in the movement, but also to spotlight the wider community of artists pushing the boundaries of the algorithm-based art,” Micahel Bouhanna, Sotheby’s head of digital art and NFTs, told CryptoX. Source 3ACAuctionCherniaksDmitriGooseNFTSaleSothebys CryptoX Portal

0xDEAFBEEF, NFT Creator – Cointelegraph Magazine

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When NFTs first took off, it was Beeple’s digital art, CryptoPunks and Bored Ape Yacht Club PFPs that dominated the headlines and top sales — but one individual bucked the trend in a unique way, garnering attention with generative audiovisual art using just a C compiler.  That individual was 0xDEAFBEEF, an artist and engineer based in Toronto, Canada who’s spent over 20 years experimenting with art, technology, music, generative art, computer animation, blacksmithing and sound recording.  Using low-level computer code and a minimal toolset to craft raw information into audiovisual…

Top Japanese Airline ANA Forays Deeper into Web 3.0 with NFT Marketplace Launch

ANA began developing its new GranWhale platform almost a year ago. Japan’s largest airline All Nippon Airways (ANA) has launched a non-fungible token (NFT) marketplace, making a bold statement about its web3.0 ambitions. According to the May 30 announcement, the “ANA GranWhale NFT Marketplace”, is a project involving the airline and its subsidiary ANA Neo. It is themed around aviation and features a collection created by aerial photographer Luke Ozawa as its initial collection. Developers claim that Ozawa’s first digital photo will be converted to NFT on May 30, with…

BRC-721E new standard for NFT migration from ETH to BTC

A new token standard, BRC-721E, has been introduced, designed to facilitate the migration of NFTs from Ethereum to Bitcoin. A novel token standard, known as BRC-721E, has recently been unveiled to enhance the versatility of bitcoin ordinals. This development is designed to simplify the transfer of NFTs from the Ethereum blockchain to the Bitcoin blockchain. Essentially, the BRC-721E protocol facilitates the conversion of ethereum’s ERC-721 NFTs into ordinals, unique units that can embed text, images, and code onto a solitary satoshi. The inception of BRC-721E is a collective endeavor by…

Japan’s largest airline launches NFT marketplace

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On May 30, All Nippon Airways (ANA), the largest airline in Japan, launched an aeronautical-themed nonfungible tokens (NFTs) marketplace with its subsidiary, ANA Neo.  Dubbed the “ANA GranWhale NFT Marketplace,” the platform will feature an inaugural collection created by aerial photographer Luke Ozawa. As told by developers:  “From May 30, aerial photographer Luke Ozawa’s first digital photo will be converted to NFT. One of them will be sold with a positive film, which is the source of photo development. The price is 100,000 yen, and the NFT with positive film…

Popular NFT collections take massive price hit in 2023

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Some of the most sought-after nonfungible tokens (NFTs) of 2022 have taken a massive hit in value over the past year. The trend mirrors the depreciating value of metaverse properties in 2023, which were considered top virtual lands for investment in 2022. Investments in top NFT projects, including Doodles, Invisible Friends, Moonbirds and Goblintown, have lost up to 95% of their value in Ether (ETH). The value of blue-chip NFT collections alone has fallen down by over 40% on average. The biggest NFTs of 2022 have had a TOUGH 2023.…

Bitcoin critic Peter Schiff to launch NFT collection with ordinals

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Peter Schiff, a long-time critic of cryptocurrencies and a vocal detractor of NFTs, is preparing to launch his own NFT art on the bitcoin blockchain. According to a tweet sent out on May 26, the release will be done in collaboration with the artist Market Price. Not backed by gold Peter Schiff, the CEO and chief strategist of Euro Pacific Capital, has been known for his unwavering belief in the value of commodities such as gold,…

Virtual land NFT prices crater as crypto winter bites

Virtual land metaverse projects such as Decentraland, Voxels, The Sandbox, and others, have experienced a significant plunge in floor prices of their NFTs between 2022 and 2023. The move down left digital collectible and non-fungible token (NFT) enthusiasts questioning the future of the digital real estate market. Metaverse enthusiasm fading A new study conducted between Jan. 2022, and May 2023, reveals a stark reality for virtual land projects. The study examined the price fluctuations of the top five metaverse lands at their peak and current prices in ether (ETH), shedding…