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Universal Music Group’s 10:22PM Unveils NFT-Based Digital Act Kingship

10:22PM, “Universal Music Group’s next-gen label,” has officially launched Kingship, “a group consisting of four characters from the Bored Ape Yacht Club” non-fungible token (NFT) project. Universal Music higher-ups just recently announced the rollout of Kingship, which was established by 10:22PM founder Celine Joshua. The former Warner Music, Sony Music, and Disney Music Group exec…

Monkees 2.0: Universal Music Starts ‘Digital’ Band Based on Ape NFTs

Universal Music Group NV, the world’s largest music company, is reportedly creating a band out of four digital NFT apes. One executive explained: “You can call it an NFT band, or think of them as characters. The characters will come to life. The apes will come to life.” Bloomberg reports that in a move seemingly designed to…

Meet the first winemaker in the world to sell his stock as NFTs

Wine is a great match for food, for special occasions, for contemplative evenings, but pairing it with blockchain just seems incongruous. Doesn’t it?Not according to trailblazer Dave Powell and his crew (or should that be cru?) at Neldner Road vineyards in Barossa, South Australia. He has put his finest 2021 production up for auction on…

Bored Ape Yacht Club to Launch Its Own Crypto Token

The NFT collection Bored Ape Yacht Club will be launching its own crypto token, in early 2022, according to the group on Twitter. The BAYC is a collection of 10,000-plus NFTs, that have generated nearly half a billion dollars in trade volumes. One of the biggest NFT collections, the BAYC Twitter handle has been posting…

Binance to list unique NFT marketplace token RARE starting today

Binance has listed SuperRare, an NFT marketplace to collect and trade unique, single-edition digital artworks with the token RARE. The pairs RARE/BTC (BTC/USD), RARE/BNB (BNB/USD), RARE/BUSD, and RARE/USDT are available for trading. Trading started at 06:00 (UTC) today, the biggest crypto exchange in the world reported on its website. Users could start depositing RARE in…

Animoca backs $1.5 million funding for NFT pawnshop for play-to-earn games – Ledger Insights

Non-fungible token (NFT) renting platform reNFT has announced it raised a $1.5 million strategic funding round led by Animoca Brands. Eight other venture capital firms, including Scalar Capital, SkyVision Capital and MetaCartel Ventures (a DAO), also participated in the funding, alongside five angel investors.  The concept behind reNFT is to use NFT technology to support renting tangible and…

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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…