NFTs
Kevin Durant and Rich Kleiman’s Thirty-Five Ventures to create NFT drops with Coinbase
On Wednesday, Thirty Five Ventures, a venture capital firm co-founded by NBA star Kevin Durant and sports manager Rich Kleiman, announced a business partnership with Coinbase. Under the agreement, Thirty Five Ventures will work jointly with Coinbase to create nonfungible tokens, or NFT, drops, storytelling content about NFTs and crypto, as well as showcasing Coinbase’s recent growth in the sector. According to the announcement, there will additionally be a philanthropic integration with the Kevin Durant Charity Foundation. Coinbase is currently the third-largest centralized cryptocurrency exchange in the world by trading volume. At the time of publication, there is currently a waitlist of over 2.6 million users for Coinbase NFT. The company said it is currently designing a self-...
South Africa Set For a Boost in NFT Adoption in the Near Future
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Music’s Latest Supergroup Is an NFT Project With Cartoon Apes
In a press release, the KINGSHIP project is billed as a “landmark, first-ever exclusive agreement to create a metaverse group.” Under the initiative, the team behind 10:22PM — a Web3, creator-focused record label founded by Celine Joshua — will develop and release new KINGSHIP music and products. Akin to pre-existing virtual idols like Miquela (or perhaps even a band like Gorillaz, who hid their human identities behind animated characters), KINGSHIP will be the front-facing digital performer used to cultivate a community and fanbase around the music. Jimmy McNeils, an avid NFT collector who goes by the username j1mmy.eth, is supplying the Apes for KINGSHIP from his personal collection, including the rare Golden Fur and Bluebeam characters. The initiative t...
An NFT is Being Made for This Apartheid Struggle Legend
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Live Nation Selling Collectible Ticket Stub NFTs for Swedish House Mafia Tour
Live Nation is launching the platform for Swedish House Mafia‘s “Paradise Again” tour, which opens in Miami on July 29, 2022, with tickets now on sale. Fans will be able to view, share, gift, trade, and even resell their NFT stubs on Livenation.com. Just don’t try to use the NFTs to try and get into the show, company officials explain in a press release — “these are collector items and will not replace the digital tickets needed to physically enter the show.” “Our Live Stubs product brings back the nostalgia of collecting ticket stubs while also giving artists a new tool to deepen that relationship with their fans and we can’t wait to see what the creativity of this community dreams up as it grows,” says Michael Rapino, Live Nation president a...
Snoop Dogg, Crypto Expert? Rapper Claims to Run Popular NFT Twitter Account
“Shortly, as promised, I will dox from my personal account,” the tweet from @CozomoMedici read. “As my fame is considerable, the tweet will no doubt be discovered. Those who are curious to know my identity will soon know it.” The owner of the @CozomoMedici account, which is only about a month old, had been promising to reveal themselves for several days before Snoop posted his tweet on Monday. It even ran a poll inviting followers to guess the owner’s identity, though interestingly, Snoop Dogg wasn’t one of the options listed. Since launching in August, the account — named after famed Italian banker and patron of the arts Cosimo de’ Medici, whose portrait is prominently featured in @CozomoMedici’s background photo — had garnered significant interest due to its owner’s well-docu...
Jay-Z’s Lawyer and Damon Dash Clash Over Truth, NFTs and Conflict of Interest
Roc-A-Fella was founded in 1995 by Dash, Jay-Z and Kareem “Biggs” Burke, each of whom own a third of the company. Dash writes that he does not oppose the preliminary restraining order preventing him from selling the Reasonable Doubt copyright, “as I do not own the copyright nor have I ever represented that I do.” The Roc-A-Fella lawsuit allegations are based on a press release promoting the Reasonable Doubt NFT sale, but Dash claims that the press release for the since-cancelled auction was incorrect. Dash says that what he was actually attempting to sell as an NFT was his one-third ownership of Roc-A-Fella, which he says Jay-Z tried to buy at a low price in March (and suggests that the lawsuit was Jay-Z’s form of revenge). As such, Dash writes ...
Apple Music pays one penny per stream
Engadget Apple Music’s payment rate for artists and labels is fundamentally a penny per stream, according to a letter from the company posted on its artist dashboard and first reported by the Wall Street Journal. That payment rate is higher than Spotify, which has a confusing variable rate scheme that basically tops out at a half-penny per stream. Announcing a penny-per-stream rate is a nice PR win for Apple Music, since it is 1. very simple and 2. Spotify hates talking about its per-stream payments, which the company insists are a misleading figure. Seriously, it just launched an entire website called Loud&Clear last month designed to help artists and fans understand how payments work, and a good chunk of it is devoted to explaining why per-stream rates are not the right thing to focu...
‘NFTs for People’: BitClout Sells Coins Based on Celebs Without Their Permission
In a FAQ published on the site before it was taken down Friday afternoon — due to “overwhelming support,” a note on the now-empty website states — BitClout describes itself as a social network that allows users to “speculate on people and posts with real money.” BitClout claims to be a fully open-sourced project that built a custom blockchain using architecture comparable to Bitcoin with “no company behind it” that will allow users to purchase a new asset class called “Creator Coins” for accounts on the site, which includes celebrities, musicians, and influencers. “They were on there mostly without their permission,” a source tells Billboard. Current users can buy and sell coins that will increase and decrease in value depending on the “social clout” of the user the coin is based on, or ho...
