Bitcoin News and Finance
NFT Roundup: A Closer Look at Key Developments Over the Last Week Skip to main content

NFT Roundup: A Closer Look at Key Developments Over the Last Week

Another exciting week in the NFT universe has unfolded as Kiwie digitizes graffiti in new collectibles, the original meme makes its way to market, and a new integration between Videocoin and Filecoin supports video-based NFTs.

The Fat Monster Meets the Mint

Latvian-based art collective Kiwie is bringing its iconic Fat Monster character to the blockchain as it becomes the first group to create and auction NFTs from physical graffiti installations. The new initiative designed to connect the online and offline art worlds will involve building virtual 3D models of spray-painted figures. Each will be accompanied by a geotag to connect ownership of art to the NFT.

Auction winners will also receive a metal card denoting a claim to each Fat Monster NFT. From there, the NFTs can be traded, and if the physical art installation is ever removed or erased, the NFTs become unique “Ghost Monsters.” On April 13th, the first batch of five existing Fat Monsters will be minted and auctioned on Rarible’s blockchain. Following this initial auction, four more sets of yet unpainted monsters will be minted in the coming months.

The First-Ever Meme to Join Ethernity Platform Drop

NFT Roundup: A Closer Look at Key Developments Over the Last Week

Just mere days away from Ethernity Chain’s official launch on April 12th, the platform has announced that it’ll be auctioning Jason Heuser’s first-ever meme that was originally designed in 2012. The NFT platform, which donates a portion of all proceeds to charitable causes, endeavors to bring exclusive, rare collectible content from high-profile artists, athletes, entertainers, and industry evangelists.

In an homage to the internet itself, memes, and NFTs, the platform has collaborated with Heuser to feature a minted version of the “Welcome to the Internet” meme as Ethernity seeks to bring attention to how NFTs can help directly reward creators for their efforts. In total, the auction will include another 299 pieces in addition to Heuser’s original creation.

Video NFT Support Expands With Proof of Ownership Feature

To address the growing interest in merging video content with NFTs, Videocoin, which operates a decentralized video-processing network, is integrating Filecoin to build a platform to mint, store, and trade video NFTs. Unlike other networks which simply mint the non-fungible token, this new integration will see Filecoin also provide Proof Of Ownership to resolve pain points involving ownership validation and origin verification.

Filecoin’s decentralized blockchain storage network currently boasts approximately 2.5 billion gigabytes of capacity. Thanks to this scale, the freshly announced integration can help video owners tap into their catalogs’ value by providing the actual infrastructure itself. By extension, Videocoin will supply the architecture needed to optimize the platform to avoid the high costs and storage constraints that characterize NFTs hosted on Ethereum.

Are you still excited about NFTs? Let us know what you think of the trend in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Post a Comment
Read more
Blogarama - Blog Directory