NFTs
‘Natural extension’: Sega’s Super Game project looking to add NFTs
Japanese gaming giant Sega is looking at integrating cloud technology and NFTs as part of its new “Super Game” project to connect different games to each other. The news has caused a predictable backlash from the crypto-skeptic section of the gaming community, with many people voicing their frustrations at the firm online this week. The Super Game initiative is set to roll out over the next five years and will reportedly see the development of a wide range of new cross-platform triple A grade games. The firm is said to be weighing up an investment of around $800 million into the project. The suggestion of potential NFT and cloud support was made during an interview on Sega Japan’s recruitment website. Gaming news outlet Video Games Chronicle provided a translation for English speakers earl...
Nifty News: AC Milan launches NFT collection, Magic Eden accepts Solana projects’ tokens and more
Italian professional soccer club AC Milan will be releasing its first-ever nonfungible token (NFT) project in collaboration with the BitMEX crypto exchange. Proceeds will go to Fondazione Milan, the clubs’ charity arm. The limited-edition collection will feature 75,817 NFTs, a number representative of the capacity of the club’s home ground, San Siro stadium. It will depict a 3D image of a jersey found in South Sudan by Danish war photographer Jan Grarup who was in the country documenting widespread flooding last December. BitMEX partnered with AC Milan to contribute to the project by providing trading discounts and “other benefits” to the first 10,000 pre-orders. BitMEX will also donate to Fondazione Milan by purchasing a “large number” of the NFTs. As per the announcement, the club says t...
NFT Investments PLC mulls £96M acquisition of Pluto Digital
On Friday, NFT Investments PLC, a U.K.-based blockchain firm that invests in companies operating in the nonfungible tokens, or NFTs, space, announced that it would no longer pursue a 96 million pound acquisition of Pluto Digital. Although it did not directly state its reasons for canceling the deal, NFT Investments wrote: “The company is well-positioned to take advantage of the recent market correction in the blockchain and digital assets sectors by investing at attractive valuations.” Back in January, NFT Investments signed a non-binding letter of intent to acquire Pluto Digital, which builds infrastructure in the decentralized finance, or DeFi, realm, via the new issuance of NFT shares. From last November to March of this year, the blockchain industry witnessed a month-long&n...
Meta Rumoured to be Working on New Virtual Currency: ‘Zuck Bucks’
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From Slip-N-Slide to Miami NFT Week, Ted Lucas Talks Embracing Tech to Close the Black Wealth Gap
Back in 1994, Ted Lucas was an entrepreneur on a mission. That quest led to his founding Miami-based Slip-N-Slide Records, home to hip-hop pioneers such as Trick Daddy, Trina, Plies and Rick Ross. Now 28 years later, Lucas is embarking on another mission. This time he’s determined to close the Black and Brown wealth gap through technology and innovation programs. In addition to establishing the non-profit organization TechNolij (pronounced tech knowledge) to support women and minorities seeking to enter the field, Lucas co-founded the inaugural Miami NFT Week conference, which kicked off Friday (April 1) at the Mana Wynwood Convention Center. Wrapping April 3, the three-day event is part of the city’s Miami Tech Month campaign. Three days before the launch of Miami NFT Week, Billboard chat...
Inside Track: NFT LA Brings Web3 Networking IRL; Miami Music Week’s Big Return
The NFT | LA conference brought web3 networking into real life this week, taking over the Los Angeles Convention Center and surrounding downtown restaurants, bars and venue spaces with the city’s first-ever blockchain-focused gathering of this size. From March 29-31, official programming at the convention center included panels and keynotes covering music, gaming, art, fashion, cryptocurrency and more intersections of culture, commerce and emerging blockchain technology. Mark Cuban, Sandbox CEO Mathieu Nouzareth, Andrew Yang and Baron Davis were some of the big names speaking, as startups showcased their new products, patrons sported shirts with their own Bored Ape characters on them and frames for displaying those virtual non fungible tokens in your IRL living room took up a considerable ...
ICYMI: NFT of Nelson Mandela’s Arrest Warrant Sells for $130K at Auction
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ICYMI: NFT of Nelson Mandela’s Arrest Warrant Sells for $130K at Auction
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Animoca Brands targets social media giants in latest Web3 expansion plans
Animoca Brands co-founder and chairman Yat Siu stated that his firm will continue to “shepherd companies into Web3” to speed up the evolution of the internet into an open Metaverse. Siu has long advocated for the broader concept of an open Metaverse as opposed to a closed one that is dominated by large centralized Web2 companies. Central to Siu’s argument is that decentralized Web3 platforms and tech such as NFTs offer users a chance to maintain ownership rights over their data and content online, instead of it being controlled and utilized by firms such as Meta (formerly Facebook). Siu made his latest comments while speaking on day three of the Australian Blockchain Week event earlier today. During his discussion hosted by Caroline Bowler — the CEO of local crypto exchange BTC Markets — t...
Deep Dive: A Musician’s Guide to Web3
The music industry hasn’t always welcomed new technology, but the booming NFT marketplace — overall sales generated $25 billion last year — shows the promise of Web3, and everyone wants a piece of the action. Deep Dive explains how artists and executives can get in on it wisely and examines blockchain’s potential to reshape the industry. Plus: lessons in NFT drops from dance music’s pioneers, legal pitfalls to avoid when you’re minting the goods, all the crypto lingo you need to know and a guide to the top startups supporting musicians in the metaverse. Read the full Deep Dive here. Learn To Speak Web3: Translating Crypto’s Buzzwords For The Music Business A primer for artists and executives considering doing business in the metaverse. Read more. Shira Inbar Doing Music Deals In The M...
How do you assess the value of an NFT?
Understanding the valuation matrix There is no rule book on how to assess an NFT valuation. The metrics you use for evaluating private companies or conventional investment vehicles such as shares are simply not applicable to NFTs. Usually, the payment rolled out by the last buyer gives some indication of the value. For NFTs, however, it is hard to guess what the next buyer might pay, depending on their estimates. Most buyers lack the skills to ascertain the value of NFTs logically and base their quotes on guesswork. For sellers too, it is hard to determine what they might end up receiving for the tokens they hold. Over time, the value of NFTs is driven by a perception over which both buyers and sellers may lack any control. An example can bring home the point even better. An artwork NFT mi...
Ethereum gas fees drop to lowest levels since August 2021
Gas fees for transactions on the Ethereum (ETH) blockchain have dropped to the lowest levels since August. But they’re still not cheap. According to data sourced from Coinmetrics and shared by CryptoRank Platform, the seven-day moving average cost of an Ethereum transaction as of March 9 totaled $11.14, placing it back amongst the levels recorded mid-last year before it surged dramatically to as high as $55 at the tail end of 2021. The cost of transactions on the @Ethereum network has not been this low since Aug 2021. Notably, gas prices surged after staying in this range for about 3 months with experts attributing the spike to a rise in interest in the #NFT and #DeFi ecosystems. https://t.co/oLDJyfSea2 pic.twitter.com/ieigvLT4Gz — CryptoRank Platform (@CryptoRank_io) March 9, 2022 At the ...
