Bitcoin News and Finance Hollywood Sign, Amy Winehouse Photo to Be Auctioned as NFTs Skip to main content

Hollywood Sign, Amy Winehouse Photo to Be Auctioned as NFTs

Hollywood Sign, Amy Winehouse Photo to Be Auctioned as NFTs

Non-fungible tokens can be sold to raise funds and two independent initiatives are now going to use proceeds from NFT auctions to finance charity projects. The tokens will represent one of the best known American landmarks, the Hollywood Sign, and a New York photograph of the late singer Amy Winehouse.

Hollywood Sign to Be Sold as NFT to Raise Funds for Charity

The Hollywood Sign, a world famous landmark in the hills above Los Angeles, will be offered as a non-fungible token (NFT) to collect funds in support of charitable initiatives. The NFT will be launched by Sugar23, an emerging management and creative platform founded by Oscar-winning producer Michael Sugar.

The company has partnered with the Hollywood Chamber of Commerce and is now looking for an artist or filmmaker to complete the digital art project. The token will be sold this summer, although no specific time frame has been established yet. Quoted by the Hollywood Reporter, Sugar stated:

As storytellers who recognize the power of social impact, we’re committed to exploring all types of global opportunities and are excited by the potential of NFTs to transform the creative landscape.

“When we thought about what could be the most iconic opportunity possible, we naturally thought of the most iconic image in the world – the Hollywood Sign,” he added. His team sees the project as an opportunity to do something good for the city of Los Angeles. “And what better way to give back than by raising money for those who need it most,” the producer emphasized.

The funds collected from the token sale will be used to finance various charitable activities of the Hollywood Chamber of Commerce. The organization is working to address issues related to homelessness, education, diversity, and inclusion through its Hollywood Chamber Community Foundation.

Amy Winehouse NFT Sale to Support Musicians Struggling With Addictions

Another charity initiative involving a cultural icon and a digital token has been launched by Musicares. The non-profit organization, which helps musicians with financial, health problems and artists in need of rehabilitation, has created an NFT of a unique photograph of the late British singer Amy Winehouse.

The photo taken by Charles Moriarty shows Amy in a phone booth in New York. It has been animated by visual artist Mark Palkoski. The digital artwork comes with a limited-edition print of the original picture autographed by Moriarty. “Charles has captured a fresh faced Amy full of life and fun, I treasure those photos,” Amy’s mother, Janis Winehouse was quoted saying in a press release.

Hollywood Sign, Amy Winehouse Photo to Be Auctioned as NFTs

The token is listed on the Opensea marketplace until May 30 with a reserve price of 3 ETH, or around $8,400 at the time of writing. It’s also available through concert livestreaming platform Mandolin. All auction proceeds will go to Musicares and the Amy Winehouse Foundation and will be used to support musicians with problems related to mental health, addiction and substance abuse.

Amy Winehouse was struggling with drug and alcohol addictions. The Grammy award winner died of alcohol poisoning on July 23, 2011 when she was only 27. The NFT launch is part of the “Back To Amy” exhibit and live stream on July 23, on the tenth year since her passing. The exhibit will feature performances in celebration of Amy’s legacy.

What do you think about the two initiatives using NFT auctions to raise funds for charity? Tell us in the comments section below.

Comments

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...

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...

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...

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...
Blogarama - Blog Directory