Tag Archives: Non-Fungible Token (NFT)

Speaking to CNBC on Jan. 11, the billionaire investor said he looks for utility when researching crypto investments. He followed up with “tokens trading are the least important part of crypto” in a Tuesday tweet. Decentralized platforms leveraging smart contract technology and DAOs are his preferred choices, he stated. Tokens trading are the least important part of crypto. Being able to create businesses on decentralized platforms leveraging smart contracts, validators,...

Jeff Zeller has been named by CryptoCom NFT as its Senior Director of NFT Partnerships and Business Operations, a PR from the exchange said on Wednesday. Zeller previously occupied senior positions at Sony Music and Apple and was the director of Entertainment Partnerships and Marketing at ESPN before joining the crypto firm. New CryptoCom NFT Senior Director The announcement shared with CryptoPotato informed about the hiring of Zeller, who came directly from ESPN. The company...

The Gap – a worldwide clothing retailer – recently announced the launch of its first NFT collection through Tezos. The collection features a “gamified digital experience” for creatives and lets customers digitally own a collectible Gap hoodie. The Gap Apes Into NFTs The clothing brand announced its NFT project in a statement from its site on Wednesday. The new collectibles were reportedly designed in partnership with Brandon Sines – the artist who created the Frank Ape NFTs....

One of the world’s biggest tennis tournaments – the Australian Open (AO) – is entering both the NFT and Metaverse side of the cryptocurrency industry. This year’s championship will also be held in Decentraland — a leading virtual reality platform. At the same time, fans will be able to participate further by buying non-fungible tokens linked to live match data. AO Dives into the Metaverse As Omicron cases in Australia surge, the organizers of the Australian Open decided to...

Steven Galanis, the CEO of the leading marketplace for personalized video shoutouts – Cameo – joined the NFT world by purchasing a Bored Ape Yacht Club art for 100 ETH. At the same time, Migos’ Takeoff said he bought a Mutant Ape Yacht Club NFT. After the stellar 2021 NFTs had, specific projects from the industry continue to attract business people and celebrities in 2022 who allocate funds to digital arts and even update their Twitter profile picture to include them. BYAC is...

MoonPay – a fintech payment infrastructure provider – recently bought a zombie-themed CryptoPunk for over $3 million. The company often operates as a middleman for celebrity NFT purchases, leaving many to speculate which high-profile figure is behind the buy. Yesterday at 11:52pm UTC, MoonPay purchased the NFT for 900 ETH. With ETH worth $3,406.48 at the time, that’s a $3,065,832 buy. MoonPay released a tweet shortly afterward promoting followers to “guess” who the purchase...

The first week of 2022 is starting off rather dramatically for Bitcoin and the rest of the cryptocurrency market, the total capitalization of which is down about $240 billion in seven days. This comes as the US Federal Reserve revealed plans to start reducing its balance sheet, which may start as soon as the next several months. It’s safe to say that the Bitcoin price has seen better days. Down about 12.5% since this time last week, BTC currently trades at around $41,400. For...

The electronics giant Samsung introduced a new feature allowing clients to virtually attend quests or live music events. The company’s new metaverse experience is called Samsung 837X and is modeled on the physical flagship location in New York. Samsung Joins The Metaverse League In a January 6 announcement, the Korean firm described the feature as an “immersive world that can be explored virtually.” Samsung 837X is an “experiential playground for people to discover the...

Nas – an American rapper and entrepreneur – is selling the rights to two of his songs through Royal, a crypto-based music startup. The platform creates a new way for music artists to profit from NFTs, as visual artists are beginning to do. ‘Extended NFTs’ Royal announced its partnership with Nas in a blog post on Thursday, marking its debut music drop. The first of the songs is “Ultra Black”, which was the lead single from the rapper’s Grammy award-winning album King’s...

After a phenomenal run in 2021, the NFT industry continues to grow fast and attract more professional and institutional players. Riding the hype is the NFT-focused venture studio, Metaversal, which secured a $50 million Series A round. $50M Investment Secured According to the official blog post, the investment round saw backing from blockchain investment firm CoinFund and a research-intensive investment company – Foxhaven Asset Management. In addition to the two entities,...