Tag Archives: Non-Fungible Token (NFT)

The multi-day music and arts festival held in California – Coachella – partnered with the crypto exchange FTX to introduce non-fungible token (NFT) collections to fans. The digital collectibles are built on the Solana network. NFTs for The Music Fans The Coachella Valley Music & Arts Festival, postponed in 2020 and 2021 due to the COVID-19 pandemic, is set to return this April. To provide fans with more opportunities on its comeback, it introduced a series of non-fungible...

Benedetto Vigna – Chief Executive Officer of Ferrari – opined that the blockchain and NFT industry are niches that “deserve some attention.” As such, the exec hinted that the luxury sports car manufacturer might continue with its cryptocurrency endeavors in the future. ‘Blockchain and NFT Can Be Interesting for Us’ While outlining the Q4 2021 results during the recent earnings call, Ferrari CEO Benedetto Vigna asserted that the firm will focus on the Web3 universe in the...

The American video game retailer – GameStop Corp. – partnered with Immutable X Pty Limited (a scaling solution for non-fungible tokens) to establish an NFT marketplace. As part of the deal, both parties created a $100 million fund. GameStop With an NFT Marketplace According to GameStop’s announcement, Immutable X will become a layer-2 partner for the former’s NFT marketplace. The project is expected to see the light of day later this year. Immutable X will also provide nearly...

Bored Ape Yacht Club (BAYC) non-fungible NFT collection continues to see increased demand, with the latest example recently sold at a value of over $2.8 million. On the night of January 30, 2022, Bored Ape #232 was sold for a whopping 1080.69 ETH ($2.85 million). The sale happened on the NFT marketplace – LooksRare. The features of the purchased Ape NFT include an army green background, a seaman’s hat, sleepy eyes, a smoking jacket, a clean bored mouth, solid gold fur, and...

Justin Bieber becomes the latest member of the exclusive Bored Ape Yacht Club and the proud owner of Ape #3001 that he bought for 500 ETH. Justin Bieber is a top-class celebrity and arguably one of the most famous people on the planet. Now, he also joined the famed Bored Ape Yacht Club. Bieber bought Ape #3001 for a whopping 500 ETH worth about $1.3 million at the time of this writing. This is how the ape looks like: Source: OpenSea The traits of the ape include a New Punk...

Non-fungible tokens (NFTs) became a huge trend in the crypto industry throughout 2021. The demand for unique, rare, and scarce tokenized items continues to shoot through the roof at the time of this writing in January 2022. Artists, celebrities, and creators are launching different NFT projects to satisfy the insatiable cravings for the new asset class. But while there are now hundreds if not thousands of non-fungible tokens (NFTs) flying around, with each aiming to become...

The American video-sharing giant YouTube intends to go into the non-fungible token (NFT) sector, as part of the company’s expansion plans. As reported by Bloomberg on Tuesday (January 25, 2022), YouTube CEO Susan Wojcicki, in an annual letter to creators, said that the company was looking for ways to help creators benefit from non-fungible tokens (NFTs). An excerpt from the letter said: “We’re always focused on expanding the YouTube ecosystem to help creators capitalize on...

The eldest son of John Lennon – Julian Lennon – is selling a range of music history of the Beatles and his dad’s memorabilia from his personal collection as non-fungible tokens (NFTs). To do so, he partnered with YellowHeart – a blockchain company that ensures the purchase of authentic digital tickets. Furthermore, Lennon vowed to donate a portion of the proceed to The White Feather Foundation (TWFF) – an organization aiming to offset the carbon footprint. The Beatles Step on...

2021 was the year when cryptocurrencies and blockchain technology witnessed massive growth, both in market capital and infrastructure development. One thing that caught the attention of the crypto community and the mainstream audience was the rise of non-fungible tokens (NFT). In case you’re unfamiliar with what these are, please take a look at our video guide on NFTs, or its written version. They saw exponential growth in 2021, as the digital space was being reshaped by the...

Memes are part of internet culture, but they are therapy for Bitcoiners and crypto traders whenever the market crashes. The Crypto Meme Culture While there are thousands of memes flying around to comfort crypto holders, some of the top-notch memes are those that subtly devalue the efforts of service employees working nine to five jobs in companies like McDonald’s. Anyone interested in crypto for a while and active on Crypto Twitter or any other crypto community must have come...