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3LAU’s NFT Startup Royal Raises $55M From Andreessen Horowitz, Nas and Others

Having made a splash in the art world, NFTs are making inroads into music as both pieces of art and investments. Royal, a music-focused NFT platform that allows artists to sell a share of their royalties, raised $55 million in a Series A round from a crowd of investors including Andreessen Horowitz, CAA, NEA’s Connect…

How NFTs Will Disrupt Gaming and Music in 2022

NFTs have been one of the hottest buzzwords of 2021 (see VIP’s special report from Nov. 1) and continue to grow in both buzz and sales. In the last month, there were over $3 billion in NFT sales across 10 blockchains, with Ethereum accounting for over half of this, with $1.7 billion in sales alone.…

How Solana and Cardano are paving new avenues for NFT growth

The term “digital ownership” has only recently come to mean anything. While nonfungible tokens (NFTs) have been around for some time now, it’s in the last year or two that they’ve caught the attention of mainstream media. The third quarter of 2021 alone saw over $10 billion in NFT trade volume across blockchains, a substantial…

Paris Hilton Catches NFT Fever, Bets On ORIGYN $20M Raise

Socialite Paris Hilton has taken a big interest in the crypto space, particularly in Non-Fungible Tokens (NFTs). Per a press release, Hilton participated in a $20 million raise for the ORIGYN Foundation, a Swiss-based nonprofit organization with the objective of “unlocking the powers of ownership for objects of value”. Related Reading | Understanding The Recent…

A Curator Allegedly Minted Unauthorized NFTs of Art by Anish Kapoor and Others. Now, He May Get Slapped With Lawsuits

Will artists go to war with Art Wars over unauthorized NFT sales? Ben Moore, a London-based curator, is the founder of Art Wars, a long-running project consisting of an ongoing exhibition of life-size Star Wars stormtrooper helmets that have been custom-painted by artists, including Anish Kapoor, David Bailey, Jake and Dinos Chapman, and Mr. Brainwash. Now Moore has…

Cole Buxton is Launching its First NFT Collection

Cole Buxton has something more to offer its loyal fan base, getting Metaverse ready with its first NFT collection.Slowly but surely, our digital future is presenting itself in all facets of daily life. As fashion and gaming continue to merge; from Xbox and Gucci to Balenciaga and Fortnite, and brands prepare to fully immerse themselves…

Five of the biggest companies already using NFTs

Despite the ongoing plunge in interest around non-fungible tokens, or NFTs, over recent months, there still seems to be quite the knowledge gap regarding what they really are, how useful they are and whether they could become a valuable asset for individuals and businesses. With some of the most notorious companies in the market deciding…

Can you, and should you, make NFTs from artwork, collectibles and tweets?

NFTs, or non-fungible tokens, aren’t exactly simple to understand. Nevertheless, they are proving to be quite popular. These digital tokens, which cannot be broken down or divided, are one way of cementing the ownership of valuables while also adding value to them if you eye raising funds by selling them. There is the potential of…

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Don Diablo Sells World’s First Full-Length Concert NFT for $1.2 Million

Don Diablo’s Destination Hexagonia NFT concert hit the blockchain market on Friday, selling for a jaw-dropping $1.2 million in just four minutes. The hour-long performance film breaks records as the world’s first full-length concert NFT. In addition, the transaction smashes SuperRare‘s record for any single item NFT sale. Diablo describes Destination Hexagonia, a project he embarked on last…

Luka Garza’s NFT card goes for over $40,000

Earlier this week, former Iowa center Luka Garza announced that he would be the first college athlete to release his own NFT card. NFT stands for non-fungible token, which is a unit of data on a digital ledger called a blockchain, where each NFT can represent a unique digital item, and thus they are not interchangeable. On…

The Next Big Thing in NFTs: Breaking Them Apart

In briefInvestors are coming together to pool their funds and profit from high-value NFTs through fractionalization. But NFT fractions are a legal gray area and could be seen as securities. How can regular investors afford the eye-watering sums NFT (non-fungible token) artworks and other collectibles are commanding? And how can they ever hope to profit…

Kate Moss Moves Into NFTs With Three Short Videos

Kate Moss has become the latest big name to release their own NFTs, with the legendary model announcing a partnership with anonymous art collective Moments in Time. Moss’ NFT release will feature three single-edition short videos, each of which was filmed in Moss’ home, car and in her own clothes. This approach gives the videos…