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Ticket Marketplace Giant Ticketmaster Chooses Flow Blockchain for NFT Push

Ticket Marketplace Giant Ticketmaster Chooses Flow Blockchain for NFT PushThis week, Ticketmaster Entertainment, Inc. revealed the company will give event organizers the ability to mint non-fungible token (NFT) tickets via the Flow blockchain. Last November, Ticketmaster said it was working with Polygon but since Super Bowl LVI, the ticket sales and distribution behemoth started working with the Dapper Labs-managed Flow. Ticketmaster Has Minted More […]

Quantum computing will fortify Bitcoin signatures: Adam Back

Nifty News: NFL All Day opens to the public, Boss Beauties go to Hollywood and more…

Oscar-winning actor Anthony Hopkins is jumping on the NFT train, while lovers of fine art are set to enjoy a fancy exhibition event in Decentraland next week.

NFL fans at large will now be able to get their hands on digital keepsakes of their favorite football stars after Dapper Labs’ NFL All Day NFT finally opened to the public after a seven-month-long closed beta.

On Aug. 18, The National Football League (NFL), the NFL Players Association (NFLPA), and Dapper officially launched the project and announced the first public NFT drop, a pack of four NFTs dubbed “Headliner” consisting of four different new player moments.

Users will have the chance to get their hands on NFTs depicting popular players such as Tom Brady, Trevor Lawrence, Javonte Williams, and Jalen Ramsey. There will be a total of 22,500 packs on sale for $59 a pop.

The NFTs come in different rarity tiers of common, rare and legendary, with just 187 packs containing a highly sought after legendary NFT.

Much like Dapper’s first officially licensed NBA Top Shot project, NFL All Day offers tokenized player and team collectibles depicting various in-game video highlights known as “moments”. There are also GameFi elements added to the experience via avenues such as collector challenges to earn rewards in NFTs, game tickets, VIP experiences, Jersey’s etc.

The project has been in closed beta since February, and has generated more than $37 million worth of sales to date according to data from CryptoSlam.

“Last year’s soft launch brought in a surge of early adopters who began collecting video highlight NFTs of NFL plays and we plan to grow the number of users significantly with the official launch of the platform,” noted Joe Ruggiero, the senior vice president of consumer products at the NFL.

NFT start up pens Hollywood deal

NFT start-up Boss Beauties has penned a representation deal with major Hollywood talent agency WME.

As part of the deal, WME will rep the company across the entertainment sector as it works to secure Boss Beauties intellectual licensing (IP) deals in film, Wb3, gaming, events, brand partnerships etc.

The Boss Beauties project consists of 10,000 unique tokenized digital art portraits depicting female avatars with various career choices such as CEOs, pilots, doctors and astronauts. The collection reportedly sold out in 90 mins after launch in September.

The project has generated more than $48.3 million worth of sales to date, with a portion of the proceeds from primary and secondary sales going towards empowering women via mentorships and scholarships.

CryptoPunks creators Larva Labs signed a similar deal with competing agency UTA back in September.

Metaverse Art Week 2022

Decentraland, one of the biggest Metaverse platforms in the blockchain sector, is set to host the third-annual Metaverse Art Week event in its virtual world between Aug. 24 and Aug. 28.

The event will see a wide array of curated NFT art being featured from big names such as Sotheby’s, OpenSea, Artnet, while there will also scheduled panel discussions, a virtual outdoor sculpture garden and a 3D interactive art wall.

“The third annual Metaverse Art Week will explore how the human spirit is hardwired to elicit an emotional response when presented with art inspired by mathematical designs present in nature, and how metaverse technology is pushing the boundaries of programmatic art and redefining what an immersive experience is,” the Decentraland team wrote in an announcement shared with Cointelegraph.

Related: Celebrities called out for shilling NFTs: Nifty Newsletter, Aug 10–16

From Golden Globes to NFTs: Sir Anthony Hopkins

Renowned 84-year-old actor Sir Anthony Hopkins has jumped aboard the NFT gravy train by announcing The Eternal Collection, a set of 10 digitally animated NFT pieces depicting Hopkins as various Jungian psychological archetypes.

The various 1-of-1 NFT artwork pieces feature realistic digital renderings of Hopkins’ face as the Hero, the Rebel, the Magician, the Sage, the Ruler, the Explorer, the Lover, the Creator, the Giver, and the Jester. The auctions are set to go live on OpenSea on September 16. The Face of each art piece will also be used to create 100 profile picture NFTs for each of the 10 pieces, equating to 1,010 NFTs in total. The project is in collaboration with Web3 media company Orange Comet.

The Eternal Anthony Hopkins: Orange Comet

Other Nifty News:

The Australian Football League (AFL)’s first limited edition drop of NFTs sold out in just under 12 hours on Wednesday. The project is called AFL Mint, and follows a similar format to NBA Top Shot and NFL All Day. The first “Ripper Skipper 2022” drop consisted of 3,800 packs which generated more than $130,000 in revenue for AFL Mint.

Solana-based wallet provider Phantom launched a new burn feature on Thursday which enables users to remove spam NFTs sent by scammers.

Quantum computing will fortify Bitcoin signatures: Adam Back

Large-Cap Ethereum (ETH) Competitor Rallies As Coinbase Announces Surprise Support

Large-Cap Ethereum (ETH) Competitor Rallies As Coinbase Announces Surprise Support

A decentralized layer-1 altcoin is seeing green after a listing by the US’s largest cryptocurrency exchange. In a new announcement, Coinbase says that Flow (FLOW) will start trading on Coinbase Pro paired with Tether (USDT) once appropriate liquidity conditions are met. The Flow blockchain is tailored for developers of games, applications and non-fungible tokens (NFTs). […]

The post Large-Cap Ethereum (ETH) Competitor Rallies As Coinbase Announces Surprise Support appeared first on The Daily Hodl.

Quantum computing will fortify Bitcoin signatures: Adam Back

Nifty News: Azuki founder under fire, CryptoPunk sells for a major loss…

The founder of the Azuki NFT project has been accused of abandoning three projects and Instagram has partnered with Dapper Labs to roll out Flow NFT support.

The founder of the $723.5 million Azuki NFT project who goes by “Zagabond” online caused a sh*tstorm yesterday after revealing that they had previously worked on three noabandoned NFT projects. After facing strong backlash from the NFT community, they have since apologized for their “shortcomings.”

The three projects in question are Tendies and CryptoPunks copycats CryptoPhunks and Cryptozunks. Zagabond suggested all three had failed due to a lack of community support , and other factors such as team members leaving or high gas fees on Ethereum (ETH).

After releasing the blog via Twitter, most replies were in support of Zagabond’s honesty on the trial and error path that led to Azuki NFTs, however other sections of the NFT community weren’t as pleased.

User zachxbt didn’t mince their words when they posted: “So does Web 3.0 = rugging three projects in less than a year?” before going to recount some alleged misdeeds relating to the Cryptozunks developers pretending to be women in a bid to market the project.

Other users like dxv_eth alleged that Zagabond had agreed to build a marketplace for the Cryptozunks project and also purchase Metaverse in a bid to strengthen the ecosystem, but failed to do so before eventually ghosting the community.

After being slammed by the community and holding a Twitter Spaces chat, Zagabond issued an apology earlier today, noting that:

“I realized my shortcomings in how I handled the prior projects which I started. To the communities I walked away from, to Azuki holders, and to those who believed in me — I’m truly sorry.”

Madonna x Beeple

Iconic pop-musician Madonna and NFT heavyweight Beeple have teamed up to launch a tokenized art collection that humbly depicts the singer as the mother of creation, evolution and technology.

There are three different NFT art pieces in total, all of which depict Madonna giving birth to various either trees, butterflies or mechanical centipedes.

Beeple and Madonna

The NFTs are set to go up for auction via SuperRare on May 11 and Madonna stated that all of the proceeds will go towards three different non-profit organizations called National Bail Out, V-Day and Voices of Children.

Instagram to support flow NFTs

After Dapper Labs announced the $725 million ecosystem fund to boost growth on its Flow blockchain this week, the team has also revealed that it has signed a partnership that will see Flow-based NFTs supported on Instagram.

Dapper Labs CEO Roham Gharegozlou noted on Twitter earlier today that the move will be “game-changers” for NFT projects on Flow such as NBA Top Shot, NFL All Day and UFC strike as it will offer them massive exposure to a global audience.

It also marks the one of the first major blockchain partnerships for Instagram. The social media company will also roll out support for NFTs on Ethereum and Solana.

The CEO also clarified that the $725 million worth of funding will be “mostly investment capital” and not grants handed out to projects that want to build on the ecosystem.

CryptoPunk sells for huge loss

An NFT from one of the original NFT projects CryptoPunks was sold for a whopping 86% loss on May 8.

CryptoPunk #273 sold for hefty $1.003 million in October, worth 265 ETH at the time, but has since fallen from grace amid a tumultuous time for the crypto and blockchain sector, going for a mere $139,836 on Sunday morning.

Larva Labs’ CryptoPunks boomed in popularity throughout 2021, and the project was recently acquired by Yuga Labs in March, the team behind the widely successful Bored Ape Yacht Club NFTs. The move doesn’t appear to have done much for the market in the short term however.

Related: Otherside NFTs fall below mint price while cheaper ETH sees sales volume boost

Other Nifty News:

Meta CEO Mark Zuckerberg said that the company is starting to test digital collectibles on photo and video sharing platform Instagram this week, signaling a move toward adding NFTs.

Billionaire investor Mark Cuban has tipped commercial smart contract adoption as the next catalyst to drive the crypto and blockchain sector, as he argued that networks that only offer NFTs and DeFi for the sake of it will eventually crumble.

Quantum computing will fortify Bitcoin signatures: Adam Back

Top Shot creator unveils $725M fund to support Flow ecosystem

The new ecosystem fund will be used to support the 7,500 developers on Flow to build new gaming, infrastructure, DeFi, and content creator products on the NFT blockchain.

The Flow ecosystem is set to get a boost in support from a new $725 million fund that will be used to invest in the growth of the nonfungible token network.

Flow (FLOW) is a layer-1 blockchain developed by Dapper Labs and purpose-made for NFTs. Dapper Labs also created the popular NBA Top Shot NFT collection. Flow utilizes an eco-friendly proof of stake (PoS) consensus algorithm.

The new fund was backed by 17 firms that have experience backing other Web3 companies, including large investment firms a16z, Spartan Group, and CoinFund. The funds will be used to attract developers to bring their work onto Flow as opposed to competitor Ethereum (ETH) which still dominates NFTs despite high gas fees. Within the Flow ecosystem itself, the funds will provide support for gaming, infrastructure, decentralized finance (DeFi), content and creators.

Projects awarded grants through the ecosystem fund will be supported by FLOW tokens investments, and what the fund’s webpage calls “in-kind support.”

Flow is currently the third largest blockchain by NFT sales volume behind Ethereum and Solana (SOL). Not including May, throughout 2022, Flow has averaged $50.3 million in monthly NFT sales according to CryptoSlam, an NFT market tracker.

Host of the NFT-focused podcast The First Mint LG Doucet tweeted on Tuesday a list of five new products he believes should be supported through the funds. They include a whitelist app to help users get whitelisted for a mint, a mobile app, video education, wallet integration on Shopify, and non-cartoon, animal, and athlete art. He added that Flow needs “actual INNOVATION, not just roadmaps that copy ETH projects.”

Although Flow is operated by Dapper Labs, which has produced some of the biggest NFT products over the last two years, its NFT sales still lag behind larger layer-1 ecosystems. This may be due to weaker network effects and a smaller ecosystem of decentralized apps (Dapps) running on it. The new ecosystem fund aims to tackle that shortcoming.

Other Dapper Labs NFT products include CryptoKitties, one of the first NFT games, UFC Strike, NFL All Day, and Cheeze Wizards.

Related: Otherside NFTs fall below mint price while cheaper ETH sees sales volume boost

FLOW has a market cap of $1.4 billion and is up 20% over the past 24 hours to $4.01 according to CoinGecko data.

Quantum computing will fortify Bitcoin signatures: Adam Back

NBA Launches Initiative Dedicated to Web3, Metaverse, and NFT Collectibles

NBA Launches Initiative Dedicated to Web3, Metaverse, and NFT CollectiblesThis week, the National Basketball Association (NBA) announced the launch of its own non-fungible token (NFT) initiative called “NBAxNFT.” According to the professional basketball league, the goal is to showcase “all things intersecting basketball and Web3, including NFTs, gaming, and the metaverse.” Professional Basketball and Web3 Collide Following the popular collection NBA Top Shot and […]

Quantum computing will fortify Bitcoin signatures: Adam Back

Nifty News: UFC Strike marketplace, Horrific Crypt TV, and new travel NFTs

Dapper Labs has been busy with several new launches this week, while Crypt TV and Metaversal are launching a scary new NFT collection.

NFT developer Dapper Labs launched the UFC Strike nonfungible token (NFT) marketplace on Feb. 18, contributing to a 50% increase in NFT sales on the Flow blockchain over the last 24 hours.

Dapper Labs is the company behind NBA Top Shot, CryptoKitties, and the Flow blockchain.

UFC Strike, another product from the firm, is a collection of NFTs based on fighters and moments from the Ultimate Fighting Championship (UFC). Now, fans can trade their NFTs in the UFC Strike Marketplace dedicated to the collection.

The new launch has helped Flow climb to third place among blockchains by NFT sales volume according to CryptoSlam. At the time of writing, Flow trails behind Ethereum and Ronin with $2.1 million in sales volume over the last 24 hours. This is a 50% increase since the same time yesterday.

Also contributing to the sudden rise in sales volume on Flow is the new NBA All-Star VIP Pass NFT collection which launched on Feb. 17 through NBA Top Shot. Each of the 30 NFTs in this collection grants holders access to the next five all-star games.

Spooky NFTs from Crypt TV

Metaverse content curator Metaversal has partnered with monster story producers Crypt TV to issue nonfungible tokens (NFT) based on characters from the Monster Universe intellectual property (IP).

Monster Fight Club is the name of the new NFT collection containing 10,000 NFTs. The jump into the NFT space will help Crypt TV transform into a Web3 company “fully embracing NFTs as the future of IP creation and ownership,” according to the Feb. 17 announcement.

Collectors can mint up to 10 unique Monster Fight Club NFTs from a single wallet. Titles included in the collection are The Birch, Brute, Cakeman, Fluffy, Harclaw, Look-See, Miss Annity, Mordeo, The Thing, and Walter. The sale days will be March 9, 16, and 23.

Holders will be able to assign their NFT as a profile picture or as a monster avatar to use in the Metaverse.

An NFT that guarantees free travel for life

A new initiative from travel startup Travel Tribe issues 50 proof of attendance protocol (POAP) NFTs to people who book trips to Southeast Asia through their service.

The POAP grants holders annual free trips to Thailand, Bali, and Cambodia. Through this effort, Travel Tribe hopes to drive sales as the world begins to open back up from Covid restrictions.

Travelers can also rest assured that revenue from customers goes to support the growth of the local industry. Travel Tribe founder told Cointelegraph today “Our tours support the local community by ensuring that local guides are employed, and local businesses in the supply chain are supported with regular audits and quality controls.”

The artistic process as an NFT collection

Famed Hollywood photographer Frederic Auerbach has begun auctioning his Master Series of NFTs that captures images of Zendaya, Benedict Cumberbatch, Mike Tyson, Sharon Stone, and Natalie Portman.

Each star’s items in the collection will be sold as a set of NFTs. The sets contain a high-res digital photo NFT of a star, a dynamic NFT displaying various edits of the image, a high-res and autographed print of the master photo and a 1/1 video NFT of the behind-the-scenes interview detailing Auerbach’s creative approach to each shoot.

They are currently being auctioned on the NFT gallery and minting platform Accursed Share.

Other Nifty News

Vivid Labs CEO Halsey Minor told Cointelegraph that NFTs “can be more valuable if connected to real-world products.” There is a big difference between static art like songs or artwork and dynamic assets that can be updated as NFTs.

Youtuber Coffeezilla published a video showing how an NFT scam worth $20 million was thwarted before it went to market. The Squiggles NFT project had 230,000 followers on Twitter before being exposed as a scheme perpetrated by serial scam artists.

Quantum computing will fortify Bitcoin signatures: Adam Back

UFC Partners With Dapper Labs to Launch NFT Collection ‘UFC Strike’

UFC Partners With Dapper Labs to Launch NFT Collection ‘UFC Strike’The creators of the Flow blockchain network and NBA Top Shot, Dapper Labs, announced the launch of a new non-fungible token (NFT) compilation called “UFC Strike.” According to Dapper Labs, the new NFTs will launch on Sunday, January 23, and feature “amazing displays of striking and grappling from UFC fighters.” MMA Entertainment Giant Partners With […]

Quantum computing will fortify Bitcoin signatures: Adam Back

LÜM to launch ‘Access Pass’ NFTs for 25 globally known musicians

“We really wanted to model ourselves off NBA Top Shot. A community that was building collective value by bringing players underneath an individual umbrella,” said LÜM CEO and Founder Max Fergus.

U.S.-based music platform LÜM is set to announce 25 partnerships with globally known musicians as part of a re-launch involving NBA Top Shot’s Dapper Labs later this quarter.

LÜM was founded in 2018 and built up a user base of more than 200,000 users with a platform that provided services such as social media, music streaming and micro-tipping for its partnered musicians and fans.

The firm has raised around $4.4 million worth of funding since 2018 according to data from Crunchbase, and partnered with popular R&B singer-songwriter Ne-Yo back in 2020.

However, LÜM is now moving on fro that business model and is relaunching on Dapper Labs’ Flow blockchain in March with the focus shifting to musician-related NFTs.

LÜM will initially roll out an NFT marketplace and fan engagement platform alongside NFTs dubbed “Access Passes.”

Users of the platform will be able to buy NFTs tied to their favorite musicians and trade them amongst a community of fans, while long term hodlers will be granted rewards such as priority access to artists’ future NFT drops, exclusive content and live entertainment experiences.

Musicians will be able to build their communities and launch their own Access Passes which can be used to crowdfund projects such as new album releases. It does not require artists to sign away any rights or intellectual property to middlemen according to LÜM.

Aim to onboard 100 artists in 2022

Speaking with Cointelegraph, LÜM CEO and founder Max Fergus was tight-lipped on who the 25 artists will be for the launch but indicated the wider goal is to onboard 100 top musicians in 2022 to “catalyze the mass adoption of blockchain-enabled technology by artists, and fans”, while the long term aim is to partner with more than 10,000 musicians.

Fergus stated that LÜM chose to partner with Dapper Labs and launch on Flow due to the successful and user-friendly model of other NFTs projects on the blockchain such as NBA Top Shot:

“For us, we really wanted to model ourselves off NBA Top Shot. A community that was building collective value by bringing players underneath an individual umbrella.”

NBA Top Shot is the top NFT project on Flow, and has generated more than $848.3 million worth of secondary sales since launch in late 2020 according to data from CryptoSlam.

Fergus stated that LÜM’s shift to the blockchain was part of a push to get behind “revolutionary” Web3 tech and he believes the sector's impact on the music industry will be as revolutionary as going from vinyl records to online streaming.

“I would put it on a very similar level to that. It's an entirely new way of not just experiencing artists and music but a new way of opening up the total addressable market.”

Related: Dapper Labs becomes the first NFT company to register to lobby with the US government

Fergus stated that a major issue he sees in the music industry right now is “ individual creators trying to monetize their individual fan base,” as he emphasized the importance of introducing a blockchain-based platform that links different communities together.

“By unifying artists underneath an umbrella, we cannot only cross-pollinate fanbases but easily introduce the blockchain community into artists that maybe they've never even known before,” he said.

Quantum computing will fortify Bitcoin signatures: Adam Back