Balmain and Barbie have announced a multifaceted collaboration comprised of both an imminent collection and a series of exclusive NFTs, the latter marking the first instance of the Barbie brand engaging in the digital art space.The two familiar names are partnering on a ready-to-wear and accessories collection, which a press release revealed will boast more…
Decrypt Studios, the blockchain-centric production house launched by Decrypt Media, has traded almost 30 nonfungible tokens since its soft launch in July. In total, the venture has generated more than six figures in revenue, said founder Alanna Roazzi-Laforet, who also serves as the chief revenue officer and publisher of Decrypt Media. Source
Investment platform Royal has teamed up with Nas to release a portion of the streaming royalty rights to two of the rapper’s songs as NFTs. The platform’s first sale, beginning January 11, will allow the general public to own “limited digital assets” — Royal’s term for its NFTs — for his songs “Ultra Black” off…
OpenSea, one of the most popular NFT trading platforms, announced in a blog post on Tuesday that, after raising $300 million in Series C funding, the company was now valued at $13.3 billion. The company, which was founded in 2017, has grown rapidly over the past year amid an NFT boom. Despite best efforts to…
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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…
“Cheugy”, “pingdemic” and “double-vaxxed” are among the top 10 words of 2021 with “NFT” topping the list, according to Collins Dictionary.Experts at the dictionary said they had seen more than an 11,000 per cent rise in the use of “NFT”, which stands for non-fungible token.An NFT is a unit of data stored on a blockchain…
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.…
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…
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…
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…
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…
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 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…