Tag: NFT

What is NFT rarity, and how to calculate it?

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An NFT’s rarity plays a role in its perceived cultural and artistic significance. For example, an nonfungible token (NFT) that is the only one of its kind and possesses significant cultural or historical value may be considered a rare and must-have artifact. But why is NFT rarity important? NFT rarity is important because the market worth and appeal of an NFT can be significantly influenced by the nonfungible token’s rarity, which can also influence its resale value. Moreover, NFT collectors frequently look for unusual and distinctive nonfungible tokens to add…

Starbucks Launches its NFT Collection Which Sold Out in Minutes

Just like the name, the Siren Collection featured the firm’s iconic brand Siren and they were priced at $100 each. American multinational chain of coffeehouses, Starbucks Corporation (NASDAQ: SBUX) has launched its latest Non-Fungible Token (NFT) collection dubbed “The Siren Collection.” The collection made up of 2000 collectibles dubbed stamps was floated under the Odyssey program and reportedly sold out in just about 18 minutes. This record selloff was despite the hitches that the launch caused as users experienced some forms of difficulty accessing the website which was overwhelmed with…

NFT Company Palm Teams up with Pussy Riot to Foster Activist Art

Additionally, Palm and Tolokonnikova will continue to empower artists through an upcoming feminist art contest set to take place in April during the NFT.NYC conference. PalmDAO is calling on activists and artists to submit their work to the competition. From there, Tolokonnikova will select five finalists to be showcased during the event, where one winner will earn $1,000 and a special display of their work. Source

Mirror Launches New Feature to Empower NFT Creators

Mirror, a platform designed as a mainstream publishing outfit for Web3.0 innovators has launched its latest product dubbed “Subscribe to Mint.” As announced by the firm, the new feature is designed to help expand Mirror’s hallmark web3-native publishing features like Web3 Subscriptions and Writing NFTs to make it an even more powerful tool for creators and their projects. Subscribing to Mint will enable creators to gather to harness existing tools on Mirror, affording them the luxury to compose with Writing NFTs. The idea behind the Mirror protocol is to enable…

Ordinals team criticizes Yuga Labs’ handling of bitcoin NFT auctions

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The Ordinals team recently raised concerns about Yuga Labs’ handling of bitcoin NFT auctions. Yuga Labs allegedly set a negative precedent by requiring all bidding funds to be transferred to their address, violating the principle of self-custody.  Yuga Labs, the parent company of the popular non-fungible token (NFT) collection, Bored Ape Yacht Club (BAYC), recently concluded a successful 24-hour TwelveFold auction, which generated an impressive $16.5 million and awarded 288 NFTs to the highest bidders.  However, Yuga Labs is now facing criticism from some users who are unhappy with the…

Bitcoin NFT auction nets $16.5M in 24 hours: Nifty Newsletter, March 1–7

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In this week’s newsletter, read about how Yuga Labs’ first Bitcoin-based nonfungible tokens (NFTs) earned $16.5 million in 24 hours, and how the Bitcoin NFT market can reach $4.5 billion by 2025. Check out how Binance’s artificial intelligence NFT generator got 10,000 mints 2.5 hours after its launch, and find out how the Flare blockchain got its own NFT marketplace. And don’t forget this week’s Nifty News, featuring Square Enix’s NFT-friendly CEO stepping down. Yuga Labs’ first Bitcoin NFT auction nets $16.5M in 24 hours In the first 24 hours…

The ‘soft shell taco method’ of becoming a hot new NFT artist — Terrell Jones, NFT Creator  – Cointelegraph Magazine

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Artist: Terrell Jones, MichiganDate minted first NFT: March 28, 2021Which blockchains? Ethereum, Tezos Influenced by classic gangster films, Terrell Jones has a distinctive style that captures imagination and nostalgia. He is about to auction a second piece at Sotheby’s and has a patented “soft-shell taco method” to garner the attention of notable collectors.  Who is he? From childhood aspirations of being a cartoonist to now being one of the hottest new NFT artists capturing the attention of elite collectors and Sotheby’s, Terrell Jones is well into his launch trajectory. Born…

The metaverse is getting a greenhouse and a garden full of NFT flowers

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The world of Web3 has offered users the opportunity to recreate their digital identity, along with offering new avenues of creative expression and individuality. This is more so the case as nonfungible tokens (NFTs) become more dynamic and personalizable. On Feb. 8 a new project from Snark.art and OG.Art called Heterosis launched a collection of dynamic NFT flowers that are breedable and customizable by holders. After the initial mint of the NFT flower, users are able to look into the greater catalog of flowers available and begin to “breed” flowers…