If you thought NFT mania was about to die off, think again: a bundle of 101 NFTs from Bored Ape Yacht Club just sold at Sotheby’s for $24.4 million. A second bundle of 101 Bored Ape Kennel Club NFTs sold for $1.8 million. That puts the ape sale among the biggest in the NFT space. A bundle of nine CryptoPunks — one of the earliest NFT projects — sold for $16.9 million in May. And Beeple sold a collage of his works as an NFT for $69 million in March. While it’s hard to directly compare all of these sales (there are 101 items in today’s auctions versus one in Beeple’s), the purchases show that the appetite for NFT art isn’t dying down, and they suggest that buyers think there’ll be high resale value as the market continues to grow.
William Quigley, a co-founder of stablecoin “Tether” and a pioneer in the cryptocurrency space, sees the metaverse as a huge economic force that’s going to change people’s lives significantly in coming years. Mr Quigley is a co-founder of the Worldwide Asset eXchange or WAX, a carbon-neutral proof-of-stake blockchain that specialises in areas like non-fungible tokens (NFTs) and video games. The metaverse, a vision of an internet-enabled virtual world where people have avatars and interact with digital assets and even corporeal objects with augmented reality, is developing rapidly as blockchain technology evolves.
In an exclusive interview with Cointelegraph at one of Damien Hirst’s sprawling West London studios, the artist talked about the tension between art and money, the fleeting nature of value, and how, more than anything, this new project tests just how much his audience believes in him.
A non-fungible token (NFT) of Bud Light’s blue knight yelling “Dilly Dilly”? Maybe so. The beer king’s parent company is about to go big on NFTs. Anheuser-Busch InBev is planning a major ramp-up of its NFT crossover content, Richard Oppy, the company’s vice president of global brands, told CoinDesk. He said the Budweiser brand is investing in a new NFT media shop run by internet entrepreneur Gary Vaynerchuk called VaynerNFT. Budweiser will also become its first client, Oppy said. Described as a “long-term business play” by beer company executives, the tie-up puts everything from ticketing to merchandise on the table for NFTs from the multinational suds conglomerate.
Given nonfungible tokens’ (NFT) ability to digitally represent a wide set of assets, the underlying technology has found itself with numerous use cases including property and digital collectibles. One of its newest use cases comes from Israel, where the government has decided to welcome President-elect Isaac Herzog with an NFT oath. The NFT is a digital representation of the oath signed by his father and the country’s sixth president, Chaim Herzog.
An NFT of the original source code for the world wide web, written by its inventor Tim Berners-Lee, has sold for $5.4m at Sotheby’s in an online auction, the auction house said on Wednesday. A non-fungible token (NFT) is a kind of crypto asset that records ownership of digital items, and has recently become a major asset in the creative world, with NFTs of artwork, music and internet memes selling for millions of dollars. The NFT sold on Wednesday was created by the English scientist Berners-Lee in 2021 and represents ownership of various digital items from when he invented the world wide web in 1989.
The United States Space Force, a branch of the armed forces created under the previous administration of Donald Trump, is releasing a series of nonfungible tokens, or NFTs. In an announcement on Monday, the U.S. Space Force (USSF) said it had partnered with community-oriented nonfungible token platform Ethernity Chain to release digital versions of patches and coins designed for the launch of its fifth vehicle in the GPS Block III. The NFTs will feature the satellite’s launch vehicle, space suits and other iconic imagery. The one being launched is named after Neil Armstrong, a space pioneer and the first person on the moon.
Reggae and dancehall musicians in the Caribbean may soon have a nonfungible token platform to help gain greater control of their creative work. Jamaican reggae artist Bay-C has partnered with Caricoin, a London-based Bitcoin (BTC) wallet company, to create a nonfungible token (NFT) platform for fellow performers in the Caribbean. According to a report by the Jamaica Observer, the planned NFT platform will allow reggae and dancehall creatives in the Caribbean to gain more from their efforts in the music industry.
The market for nonfungible tokens, or NFTs, is expected to maintain its rapid growth trajectory this year as demand for digital collectibles continues to grow, according to a new forecast from Invezz, an online investing news and education platform. NFT trading volume is expected to reach $175 million by October, leading to an industry market capitalization of $470 million, Invezz said in a Thursday report. The market for NFTs was worth $338 million in 2020.
Iranian Cyber Police have reportedly arrested Bridge Oracle CEO Sina Estavi, according to a tweet pinned to Estavi’s Twitter account. A rough translation of the tweet reads: “The owner of this account was arrested on charges of disrupting the economic system by order of Special Court for Economic Crimes. Official judicial authorities will provide additional information.” The same tweet is also pinned to the official account of Bridge Oracle, a Tron Network-based public oracle system. At the time of writing, the price of Bridge Oracle’s native token, BRG, has taken a sharp dive, crashing by more than 65%, according to data from TradingView.