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Nifty News: Hot Wheels, NBA game ticket NFTs and Crypto.com invests in eBay for NFTs

June 18, 2021 Coin Telegraph

Crypto.com has invested in a multichain NFT marketplace start-up, Hot Wheels are set to be tokenized, and you can now purchase NFT cosmetics.

Crypto.com Capital has made a strategic investment into a multichain NFT marketplace aiming to be the eBay for NFTs, dubbed “Hodooi.com.”

The platform is a new startup from Travala Founder Matt Luczynski and will officially launch on Binance Smart Chain (BSC) in Q3 2021, and integrate with Ethereum in the same quarter.

The Crypto.org Chain recently upgraded the mainnet to offer NFT support and HoDooi.com intends to integrate it on the platform to “expand the options for creators and collectors alike.”

The amount of investment wasn’t disclosed by Crypto.com. Bobby Bao of Crypto.com Capital said:

“We were impressed by Matt’s track record at Travala, and jumped at the opportunity to support him in his latest venture.”

Hodooi has already partnered with Gold Star Promotions and Plogix Art Group to provide licensed NFT sales depicting professional sporting athletes and will host star boxer Tyson Fury’s NFT drop on July 12th.

The platform intends to add additional sales channels on top of the regular NFT marketplace structure, with users also being able to use the platform to buy and sell eBooks, coupons, tickets, games, and other collectibles in the future.

Cuban: NFT maverick

Billionaire Dallas Mavericks owner Mark Cuban plans to launch NFTs linked to tickets for basketball games. Speaking on Gary Vaynerchuck’s podcast, Cuban noted the plan was to launch them for the next NBA Season.

“We will start doing it this coming season, where we’ll issue an NFT after you’ve chosen your ticket on Ticketmaster or whatever,” Cuban said.

The billionaire emphasized that “there is no limit to the value we can add” to the tickets, as tying them to NFTs would essentially make them verifiable collectibles or memorabilia, which fans will be able to resell online.

Cuban recently backed a $4 million seed funding round fo start-up NFT Genius, which plans to build a diverse NFT marketplace on the Flow blockchain.

Details on the marketplace dubbed “Gaia” are sparse, but it will reportedly be music-focused, with further plans to expand into gaming, sports, and comedy in the future.

Hot Wheels NFTS

Beloved toy car maker Mattel Creations is set to enter the NFT market with nonfungible tokens depicting Hot Wheels cars.

The company will auction three one-of-one NFTs in a collection dubbed “The First Editions,” with the iconic models “Twin Mill, Deora II, and Bone Shaker” tokenized.

The auction starts from June 22 and will run for seven days. Mattel will be taking bids and payments in Ethereum.

Crypto Cosmetics

Cosmetics firm “e.l.f” is dropping a set of tokenized beauty products that are surprisingly cheap.

The firm will release a set of three limited edition NFTs depicting the Poreless Putty Primer, 16HR Camo Concealer and Ride or Die Lip Balm all priced to match the physical products they depict (between $5 and $9).

The firm notes that “no crypto kitties were harmed” in minting the NFTs as it chose carbon-negative NFT platform Bitski to host the sale, which goes live today at 11 am PDT.

Other stuff

Cointelegraph reported on June 17 that CNN is launching its own NFTs collectibles depicting historic news moments. Fox announced a $100 million creative fund to support the development of its NFT marketplaces dedicated to its animated tv shows.

Joe Exotic, the star of cult-favorite documentary Tiger King and convicted, is set to drop NFTs from behind bars.

Notorious ‘Tiger King’ Joe Exotic Launches ETH-Based Token to Help Legal Fund

May 30, 2021 Bitcoin.com

Move over DOGE as Tiger King star launches CAT

May 5, 2021 Coin Telegraph

Carole Baskin

Carole Baskin has launched CAT via Ethereum-based open network Rally, and has offered exclusive rewards for holders of the coin.

Dogecoin’s status as the top memecoin may be (but almost certainly isn’t) under threat following the news that controversial Tiger King star Carole Baskin has launched her CAT coin.

Carole Baskin launches $CAT coin and donors of more than $500 between 4/19 and 5/7/2021 get on $CAT coin free. https://t.co/rDLoJZIfwR pic.twitter.com/vGdCRJ0iZm
— Big Cat Rescue (@BigCatRescue) May 4, 2021

In a blog post via Baskin’s non-profit Big Cat Rescue on May 4, she revealed her social token had been launched on Rally, an open network that enables creators to launch their own coins on the Ethereum blockchain. However, she emphasized her coin is not an investment tool, it's actually a terrible pun:

"Our new $CAT coin is not a currency for investment, but rather is a purr-ency of our fans to show their love for the cats and to reap the benefits of being our most forward-thinking partners in creating a world where all wild cats live free."

However Baskin’s interest in cryptocurrency seems to have some basis to it, with the reality TV star explaining she had concerns surrounding money printing fueled inflation and that: “I like the idea of putting the power of money in the hands of the people, rather than banks and governments.”

Despite her newfound bullishness, Baskin appears to have misunderstood the different attributes of Bitcoin versus many altcoins as she said: “At this point, both the USD and Bitcoin are fiat currencies, but at least Bitcoin and other altcoins have scarcity built in and now there is much more broad adoption of them in our everyday lives.”

Baskin’s CAT currently has 123,600 coins in circulation and is sitting at a price of $8.20 per coin. Since launch, $CAT has seen 492 transactions, with a total USD support volume of $206,000.

Holders of CAT will be eligible for rewards such as “elite access to LIVE walkabouts and conversations with Carole Baskin and her crew of big cat lovers and keepers, discounts and first access to new merchandise and activities.”

Baskin has teased future plans for the CAT community, which include shared access to big cat metaverse world called ARzoo, a virtual reality collectible game called Big Cat Rescue VR and a new set of unspecified, but presumably cat-centric NFTs set to drop in two weeks.

This is not Carole Baskin’s first move in crypto. In April last year, she began accepting donations in Bitcoin, Bitcoin Cash, and Ethereum via Bitpay.

It is yet to be seen if her arch-nemesis Joe Exotic or better known as the Tiger King has woken up to the significance of blockchain technology behind bars.

Tiger King

Cuban: NFT maverick

Hot Wheels NFTS

Crypto Cosmetics

Other stuff

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