To better adapt to the fluctuating crypto market, OpenSea, the industry’s top NFT platform, has announced that it would temporarily abolish its 2.5% charge on sales and reduce creator royalty protections. This action was taken in reaction to mounting threats posed by upstart competitor Blur. As of this past Friday,
KnownOrigin, a marketplace for non-fungible tokens (NFTs) by the e-commerce platform eBay, is launching creator smart contracts for its artists. This is according to a tweet from the company’s official account on February 16. The new contract allows artists to share in profits and royalties as equal partners. According to
GQ, a men’s fashion magazine, has released its first-ever NFT collection, consisting of 1,661 items created by an algorithm. In “GQ3 Issue 001: Change Is Good,” artists like Chuck Anderson, Serwah Attafuah, Kelsey Niziolek, and REO contributed artworks. Each artist reportedly produced more than a hundred “traits” that were used
Some of the top traders in the world received more than $1 million worth of BLUR tokens during today’s anticipated airdrop for the rising NFT marketplace Blur. More than $1.9 million worth of Ethereum-based governance tokens were acquired by the top traders. Dune’s curation of public blockchain data shows that
Keanu Reeves, actor of “The Matrix,” has reportedly become a crypto lover. Praising cryptocurrencies as wonderful means for exchanges and distribution of resources. While promoting his new film “John Wick 4” with Wired, Keanu Reeves praised cryptocurrencies. Reeves stated: “I think the principle, the ideas behind an independent currency are
As part of a company-wide restructuring, non-fungible token (NFT) marketplace Magic Eden announced on Monday that it will be letting go of 22 of its employees. Jack Lu, the CEO, and co-founder of Magic Eden, wrote on Twitter that the firm needed to make staff adjustments to meet new objectives
The core of the Parisian art scene is getting NFTs. The Centre Pompidou in Paris, France, which houses the National Museum of Modern Art. Announced on Friday that it will be hosting a new exhibition exploring the intersection of art and the blockchain. Which will include works by 12 digital
In recent months, Reddit’s Collectible Avatars initiative has provided millions of users with free NFTs, making it a model of efficiency as a Web3 on-ramp. Reddit is ready to achieve yet another landmark owing to a new partnership with the NFL on free Super Bowl NFTs. Since its release on
Three of Rihanna’s hits, including “B*TCH Better Have My Money,” have been certified platinum, and this will add another building brick to the music NFT platform. BBHMM is being released as an NFT by the song’s co-producer, Deputy, who will share a portion of the streaming income with fans. Rihanna’s
A luxury brand company Hermès International won its legal battle against the digital artist behind “MetaBirkin” nonfungible tokens (NFT). Hermès convinced Manhattan federal jury that Mason Rothschild’s sale of the NFTs violated its rights to the “Birkin” trademark. The artist Mason Rothschild sold his MetaBirkins for up to $45,100 each.
