Autor Cointelegraph By Brian Quarmby

Nifty News: Ulbricht’s NFT bids top 261 ETH, Irishman producer funds movies with NFTs

Nifty News: Ulbricht’s NFT bids top 261 ETH, Irishman producer funds movies with NFTs

Uverejnil používateľ | dec 3, 2021 |

Silk Roads lead to nonfungile tokens Bidding for a 1/1 NFT auction created by imprisoned Silk Road founder Ross Ulbricht has surpassed 261 Ether (ETH), $1.17 million at the time of writing. The NFT depicts a hand-drawn illustration from Ulbricht of a psychedelic eye, and is part of a collection of writings and nine other artworks he created, some while in prison, that are included as part of the NFT sale. The auction kicked off on day one of the Art Basil Miami art fair on Dec. 2 and is being hosted by SuperRare. The auction is set to conclude on Nov. 8 and proceeds from the sale will go towards a trust supporting Ulbricht’s fight to be freed from his double-life prison sentence, and will also help launch the donor-advised charitable fund Art4Giving that aims to help prisoners and their families. In a blog post announcing the NFT drop, Ulbricht said that while his future looks bleak during his ninth year in prison without parole, he can do something positive to heal all the “damage” he sees around him.$225K NFT on sale for $20?Speaking of the Art Basil Miami art fair, Dmitri Cherniak the founder of the Ethereum-based and algorithmically generated NFT collection “Ringers” made an appearance out the front, offering to sell one of his NFTs worth $225,000 for a mere $20. It is unclear if the move was in jest, or a genuine offer however Cherniak shared a picture of himself at the event with a note on his Ipad that read “Ringers #0 for sale for $20.” Despite the floor price for Ringers NFTs currently sitting at 50 ETH or $225,000 on OpenSea, the artist noted that nobody took him up on the offer. Stood outside of the Art Basel convention center with a sign that said “Ringers #0 for sale for $20” and no one took me up on the offer. pic.twitter.com/2DWr7aml4A— Dmitri Cherniak (@dmitricherniak) December 2, 2021One user on Twitter noted that the stunt was similar to that of world-famous street artist Banksy, who has reportedly taken to the streets on multiple occasions to sell his art.“This is just like Banksy selling on the streets and no one taking him up on it until he started slashing prices. Dmitri might have gotten a nibble from the normies at $5-10, they def ngmi,” user 5511 wrote. Polygon to launch NFT gamesPolygon (MATIC), the Ethereum-based layer-two scaling solution and its gaming unit Polygon Studios have entered into a strategic partnership with GameOn Entertainment Technologies Inc. to build NFT games. GameOn is a U.S.-based sports prediction and gaming firm that caters to sports and media entertainment.According to a Dec. 2 announcement, the deal will see GameOn launch a series of NFT games on the Polygon network, while Polygon Studios will provide non-dilutive funding for 50% of GameOn’s going product development costs. The investment from Polygon Studios is part of a $100 million fund announced earlier this year that is focused on backing Web3 projects, with investments so far including DraftKings, DeFine and GameOn. Related: Deadmau5 and Portugal The Man release single as 1M NFTs in bid to go platinumGameOn stated in the announcement the partnership with Polygon Studios will significantly help the firm ramp up plans for the NFT sector. “The Polygon Studios investment allows GameOn to offer the full stack of capabilities from the creation, minting and selling of NFTs, to the game layers it already deploys for white label customers such as prediction and fantasy games,” the announcement read.Irishman producer looks to fund movies with NFTsNeils Juul, the executive producer behind Martin Scorsese’s hit film The Irishman, has created a new NFT company that aims to fund Hollywood films via NFT sales. According to a Dec. 1 report from The Hollywood Reporter, Juul’s new firm is dubbed “NFT Studios” and already has plans to fund a new comedy-drama film from NFT sales called “A Wing and a Prayer.”The movie will depict the real-life story of Brian Melton, who became the first man to circumnavigate the globe in an ultralight aircraft back in 1998. The film aims to feature A-list actors and is set to be shot in Malta and London by next April.“We are in the middle of a great transition in the entertainment business where traditional ways of film funding and ownership are being uprooted due to the rapid rise of streamers and other digital platforms,” Juul told the publication. Other Nifty NewsOn Thursday, Adidas announced it was entering the Metaverse in partnership with the Bored Ape Yacht Club creators Yuga Labs, gmoney NFT, and PUNKS Comic.On the same day, registered investment adviser and fintech firm Defiance launched the first NFT-focused exchange-traded fund (ETF) on the New York Stock Exchange Arca. The fund is listed under the ticker symbol NFTZ and has a management fee of 0.65% per year.

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Cabinet note suggests India will regulate, rather than ban, crypto

Cabinet note suggests India will regulate, rather than ban, crypto

Uverejnil používateľ | dec 3, 2021 |

According to reports from local media, the Indian government will not move for an outright ban on crypto and will instead regulate the sector. On Nov. 23, Cointelegraph reported that the Indian government was considering a bill proposing the creation of an official digital currency while imposing a ban on all “private” cryptocurrencies. The news sparked panic selling on local crypto exchange WazirX the following day, and the vague wording on the bill and lack of clarification from the government have since left many onlookers divided on the prospects for crypto in India.But Indian news outlet NDTV reported on Dec. 2 that it had obtained details of a cabinet note circulating in the government regarding the proposed crypto bill. NDTV reporter Sunil Prabhu said that the note contained suggestions to regulate cryptocurrencies as crypto assets, with the Securities and Exchange Board of India (SEBI) overseeing the regulation of local crypto exchanges. According to Prabhu, investors will be given a certain time frame to declare their crypto holdings and must transfer them to exchanges regulated by SEBI, which suggests that private wallets may be banned. He added that this is part of a push from the government to prevent money laundering and terrorism financing. Prabhu also said that the government will put its plans for a central digital bank currency (CBDC) with the Reserve Bank of India (RBI) on hold while it focuses on the crypto sector. It will not allow any crypto assets to be recognized as currencies or legal tender, suggesting that it is aiming to provide a clear distinction between the two: “[Cryptocurrency] as a legal tender will not be accepted. That is a clear no. I think that that is what even the prime minister in his deliberations at that meeting made absolutely clear to ensure that does not take place.”“I think they will do it [CBDC] as a standalone virtual currency for the RBI at a later stage, so you can definitely expect a virtual currency soon, but it will take place at a different time,” he added.Related: WazirX, Presearch and Komodo rally after data shows a surge in user activityThe reports from NDTV have been welcomed by some Indian crypto investors. Redditor “ultron290196” posted in r/cryptocurrency subreddit expressing relief at potentially no longer having to worry about an outright ban.“It seems our Indian crypto movement is getting noticed by the government and they’re finally deciding to regulate Cryptocurrency as Crypto “Assets” and not recognized as legal tender. […] All in all, it’s a sigh of relief for us Indian folks. I’d rather pay some tax than become an outcast,” they said. Not everyone was as pleased with the details with “No-Incident-8718” writing, “here’s the catch. No use of hard wallets, only exchange wallets. Also, only using Indian exchanges.”

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15 crypto leaders make the cut for Forbes 30 Under 30

15 crypto leaders make the cut for Forbes 30 Under 30

Uverejnil používateľ | dec 2, 2021 |

Forbes has named 15 youthful crypto business leaders on the 2022 edition of its 30 Under 30 list.Despite its misleading name, the annual Forbes 30 Under 30 list actually comprises 600 people aged 30 and under from a total of 20 categories, such as finance, gaming and music. Notable alumni from last year’s edition include FTX and Alameda Research founder Sam Bankman-Fried, and Brian Tubergen, co-founder of United States-based initial token offering and exchange platform CoinList. In the latest edition published on Wednesday, Forbes noted that the latest batch of under 30s raised more than $1 billion combined. The publication named around 15 crypto people on the list, including Alamada Research co-CEOs Caroline Ellison and Sam Trabucco, OpenSea co-founder Alex Atallah and PleasrDAO founder Emily Yang.this is kinda funhttps://t.co/TOJofAnODf https://t.co/c4bYkfwEfP— Sam Trabucco (@AlamedaTrabucco) December 1, 2021The category featuring the most crypto leaders (11) was “Finance,” including Clinton Bembry, founder of decentralized finance-based trading platform Slingshot; Tegan Kline, co-founder of blockchain data indexing protocol Edge & Node; and Roneil Rumburg, co-founder and CEO of blockchain-based streaming service Audius. Related: Chamath Palihapitiya sells 15% of his stake in SoFiOutside of Finance, PleasrDao’s Yang was named under the “Art” category for her work in acquiring impressive nonfungible token collections, such as Edward Snowden’s first drop for 2,224 Ether (ETH) in April ($10.1 million at current prices). Blockworks co-founders Michael Ippolito and Jason Yanowitz were also included in the “Media” category for their efforts in crypto journalism.since college I’ve always daydreamed about being on @Forbes 30 under 30 but being a small vfx artist I never even fathomed it was possible… NFTs changed my life once again thank you @sabrinahahn for nominating me wgmi pic.twitter.com/FQvBW9R9lx— pplpleasr (pls,pls) (@pplpleasr1) December 1, 2021

This year’s crypto contingent is a 50% increase on the 10 young crypto leaders named in the previous edition and reflects a growing trend of crypto acceptance in mainstream media. This may be in part due to the growing number of crypto entrepreneurs who have made the list of the wealthiest figures over the past 12 months. Last month, seven crypto founders made the Australian Financial Review’s annual list of richest entrepreneurs aged 40 and under. Forbes’ richest billionaires list of 2021 from April also featured 13 crypto leaders, representing a 3x increase compared to the year prior.

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$106M worth of metaverse land sold last week: DappRadar

$106M worth of metaverse land sold last week: DappRadar

Uverejnil používateľ | dec 2, 2021 |

Four blockchain-based metaverse projects generated more than $100 million worth of virtual land nonfungible token (NFT) sales last week, according to data from DappRadar. A Tuesday post from the decentralized application analytics firm reported that between Nov. 22 and Nov. 28, activity was “booming” on The Sandbox, Decentraland, CryptoVoxels and Somnium Space with a combined $105.8 million worth of trading volume among them from more than 6,000 traders:“Undoubtedly, Metaverse land is the next big hit in the NFT space. Outputting record sales numbers and constantly increasing NFT prices, virtual worlds are the new top commodity in the crypto space.”The Sandbox represented the lion’s share of volume for the week with $86.56 million, Decentraland accounted for $15.53 million, while CryptoVoxels and Somnium Space generated $2.68 million and $1.1 million, respectively. All four of these metaverse projects are built on the Ethereum blockchain, although projects on other chains such as Solana are beginning to gather pace, too. DappRadar noted that “the wave of attention towards virtual worlds like The Sandbox and Decentraland started with Facebook’s rebranding to Meta.”“However, this is only the tip of the iceberg that pushed the term Metaverse into the mainstream. Virtual worlds carry such enormous potential, and we’re just beginning to see the full array of use cases for metaverse land,” the blog post read. Related: NFT sales aim for a $17.7B record in 2021: Report by Cointelegraph ResearchCommenting on The Sandbox’s enormous surge in NFT land sales volume, Yat Siu, chairman and co-founder of Sandbox’s parent company, Animoca Brands, told Cointelegraph: “Facebook in their attempt to usurp the narrative of the metaverse caused a chain reaction of other companies not in Web 3.0 (such as Microsoft) to also announce their metaverse strategies and created mass interest and awareness.”Siu contrasted Meta’s approach to the more organic, user-built environment of The Sandbox.“While not everyone understands what digital property rights really mean, enough of them are interested in this now, and this has created more net awareness. The Sandbox has captured the narrative of a real metaverse — one where you can really own a piece of it, and this is also reflected somewhat in the token price,” added Siu.Out of the four projects listed, Decentraland has seen the biggest NFT land sale over the last 30 days, with a plot consisting of 116 parcels of land in the virtual world’s Fashion Street District selling for 618,000 MANA tokens ($2.7 million at current prices) on Nov. 23. On the same day, The Sandbox also sold a tokenized ultra-luxury mega-yacht for 149 Ether (ETH) worth more than $666,000 at the time of writing. Top 10 NFT sales Nov. 22–Nov. 28. Source: DappRadar

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NFT drop causes glitch in The Matrix, FTX.US adds Ethereum NFTs, token Baby Sharks…

NFT drop causes glitch in The Matrix, FTX.US adds Ethereum NFTs, token Baby Sharks…

Uverejnil používateľ | dec 2, 2021 |

The Matrix’s NFT revelationsSoaring demand for the Warner Bros.’ Matrix NFT avatar drop on Nifty’s this week caused the website’s purchasing page to crash. Earlier this month, the film studio announced it would be dropping 100,000 unique Matrix-inspired avatar NFTs for $50 each as part of a promotional campaign for the new Matrix Resurrections film set to hit cinemas in the U.S. on Dec. 22.After more than 300,000 Matrix fans queued up for the drop on Nov. 30, Nifty’s was forced to start and stop the queue multiple times due to max capacity-induced “infrastructure issues.” Hello again everyone. While we are obviously still working through the launch not going the way we had hoped it would, we appreciate every single one of you that have hung in with us, and we want to send a very sincere “thank you” from our team.— Nifty’s (@Niftys) December 1, 2021After the queue was paused multiple times, other issues started to occur such as users being bumped up or down the queue, the buy button not working and failed transactions upon checkout.At the time of writing, there are still 347,133 people waiting in the queue and the issues are yet to be resolved. Nifty’s said that it is still actively working to address the issues, and has offered every Nifty’s user who queued up on Nov. 30 a free “glitch in the Matrix” NFT” for the inconvenience. Warner Bros.’ The Matrix Avatar queue: Nifty’s Tokenized Baby SharksPinkfong, the creators of the widely popular and alarmingly hypnotic children’s song Baby Shark, is releasing a collection of NFTs depicting content from the music video. The collection consists of a 1/1 and five limited editions, and the NFTs feature the Baby Shark character along with its five family members in a series of animated and holographic GIFs backed by new original music.The auction and sales will be hosted on Makersplace on Dec. 3, and the carbon emissions from the sale will be calculated and offset by sustainability platform Aerial. A starting price for the 1/1 NFT auction has not been specified, however the highest bidder will also receive a custom one-of-one vinyl record of the music depicted in the NFT. Pinkfong’s Baby Shark NFT: MakersplaceThe Baby Shark music video has more than 9.7 billion plays on YouTube, making it the most played video on the platform.MBA students raise $3K for scholarship fundA group of Masters of Business Administration (MBA) students from the Paris branch of the INSEAD graduate business school raised $3,000 for the school’s Robin Hood Scholarship fund via an NFT sale. Ferdinand Issels, Michelle Yu and two other students created a Nyan Cat-inspired NFT titled “RobinGood #1” depicting Robin Hood riding a salamander from the school’s emblem. The project was a part of a week-long student-led fundraising campaign for the school’s fund that supports need-based scholarships.  INSEAD’s Robin Good NFT: OpenSeaThe NFT was auctioned off in fiat currency to allow any student to participate and was snapped up by graduate and Goldman Sachs banker Alberto Marega for 2,600 Euros, or roughly $3,000, and has since been minted on OpenSea. “It is an amazing feeling that we were able to use this technology to contribute to a good cause,” said Issels, adding that, “I hope this encourages other people to further explore the positive impacts that blockchain-based technology can deliver.”Related: ‘Crypto Critic’ — Hollywood insider has a message for celebrities who shill token projectsFTX expands support to Ethereum NFTs FTX.US revealed today that its NFT marketplace has expanded support to Ethereum-based NFTs.gm! Ethereum NFTs are live on https://t.co/IER7ate2sU!We’re excited to expand our NFT marketplace, allowing users to buy, sell, and display their Ethereum NFTs alongside their Solana NFTs for the first time! Probably nothing. pic.twitter.com/DREqxvNDVc— FTX – Built By Traders, For Traders (@FTX_Official) December 1, 2021

Both FTX and the company’s U.S. subsidiary first jumped into the sector in September, rolling out NFT marketplaces with limited functionality. The following month, FTX.US expanded upon its platform by offering support to Solana-based NFTs.FTX.US’s website now hosts a list of collectibles from popular Ethereum-based projects such as Bored Ape Yacht Club, Meebits and Pudgy Penguins.Ethereum NFT collections: FTX.USOther Nifty NewsUpcoming mobile-based NFT game Guild of Guardians generated $5.3 million from the sale of two tranches of its native token GEMS on Tuesday. The sellout token sale was oversubscribed by 82 times with around 808,000 users registering and more than 10,700 new GEMS hodlers purchasing a max amount of $500 worth of tokens. Ross Ulbricht the founder of now-defunct dark web marketplace Silk Road, caused a stir on Wednesday by announcing his own NFT drop depicting hand-drawn artwork that will be auctioned off on Superare this month. Proceeds from the auction will help fund a trust to support Ulbricht’s efforts to be freed from prison.

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