Tag: NFT

David Bowie unreleased record debuts as music NFT

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A previously unreleased version of David Bowie’s “Let’s Dance” has surfaced as part of a limited edition collection of nonfungible tokens (NFTs). Gala Music, a subsidiary of the Web3 startup Gala Games, has joined forces with music producer Larry Dvoskin and publisher Warner Chappell Music to unveil an unreleased version of David Bowie’s 1983 track “Let’s Dance” as part of a limited edition collection of NFTs. The announcement was made on Thursday, March 6. David Bowie created an impressive discography that included 27 studio albums, 11 live albums, four soundtracks…

25% of NFT owners have a collection of 51 or more – CoinGecko Report

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Crypto data website CoinGecko has released survey findings indicating that the majority of nonfungible token (NFT) holders own 51 or more NFTs, while those who only hold a single NFT comprised the smallest group among the respondents. Published on April 6, the CoinGecko report examined 438 responses from Dec. 2022 to Jan. 2023 in conjunction with Blockchain Research Labs. At least 1 in 4 NFT holders (26.5%) said that they are “avid collectors” with 51 or more NFTs at the time of the survey, with the report noting this group likely…

Reddit positions the contracts for Gen 3 NFT avatars on Polygon

Online chat arena Reddit has announced the deployment of its third-generation NFT avatar agreements on the Polygon network, anticipating the official issue in the coming week. Reddit Gen 3 NFT avatars Reddit’s long-awaited third-generation Non-Fungible Tokens (NFT) avatars are set to come to the market in the coming few days. The online chat forum installed the contracts of its digital assets termed “Reddit Avatars” on the Polygon network on April 5. Reddit has deployed contracts for the third generation of Avatar NFT Gen 3 on Polygon and plans to officially…

Solana NFT minting now cheaper with new technology

The Solana Foundation has revealed that minting 1 million NFTs on Solana now costs much less, owing to a new technology that helps to substantially lower costs by introducing an innovative mechanism to store NFTs on-chain. Solana introduces state compression Despite its comparably low fees, the price of minting NFTs on Solana can still be a barrier for some artists and collectors. A new technology will be helpful in this situation. Recently, there have been advances in the Solana ecosystem that could make NFT minting prices even lower. State compression…

Reddit deploys Gen 3 NFT avatar contracts on Polygon

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Online discussion platform Reddit has deployed the third generation of its blockchain-based digital collectibles dubbed “Reddit Avatars” on the Polygon blockchain, resulting in community members and collectors expressing their thoughts on the much-anticipated drop.  The nonfungible token (NFT) avatars were first introduced in July 2022 to empower artists to create and sell their work. In addition, whenever users purchase a collectible, it can also be set as an avatar on Reddit’s website. The avatars were made available in August 2022, generating thousands of dollars in sales for the artists. On April…

OpenSea collector fat fingers a 100 ETH bid for a free NFT

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A nonfungible token (NFT) trader has seemingly fat-fingered a trade for a free NFT, buying it for 100 Ether (ETH), currently valued at $191,239, representing a 250,000% increase on the floor price of 0.04 ETH. The token was part of NFT marketplace OpenSea’s Gemesis NFT collection — free NFTs intended to commemorate the launch of OpenSea Pro on April 4. OpenSea Pro is a marketplace aggregator tailored to professional users by providing them with what OpenSea calls “a vastly improved” suite of features such as live cross-marketplace data and advanced…

NFT Creator, Sarah Zucker – Cointelegraph Magazine

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As a Millennial who remembers the world before digital devices and the internet were everywhere, Sarah Zucker — aka The Sarah Show — is fascinated by the accelerated transition society at large is going through. “I feel as a Millennial that I’m part of this generational cohort that’s in this very unusual experience of having had an analog childhood and now living a digital future,” says Zucker.  “I’m specifically using tools of the recent past like analog TVs to take people out of our present moment and create this different…

OpenSea Unveils Next Gen NFT Aggregator Dubbed OpenSea Pro

The OpenSea Pro through Gem v2 will help digital art collectors discover the best deals in over 170 marketplaces. The Non-Fungible Tokens (NFTs) industry has grown to a $2.1 billion valued crypto sector with OpenSea playing a crucial role in global adoption. Founded in 2017, OpenSea has facilitated over $20 billion in NFT volume from over 2 million collections. Moreover, the NFT marketplace is backed by top industry investors including Andreessen Horowitz, Coinbase ventures, Trust Wallet, Pascal Capital, and Blockchain Capital, among others. OpenSea has, however, not stopped developing infrastructure…

OpenSea advanced NFT marketplace sparks mixed community reactions

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In another attempt to win back its users from its budding nonfungible token (NFT) marketplace competitor Blur, OpenSea rebranded Gem v2 into OpenSea Pro, triggering mixed responses from the community.  On April 4, OpenSea launched its advanced NFT marketplace aggregator, OpenSea Pro. The platform introduced new features and tools and allowed users to list in OpenSea through the new platform with 0% fees for a limited time. Many were excited about the new platform and expressed their sentiments on Twitter. A community member congratulated the NFT marketplace and said it…