Another week of NFT market with new brands entering the space, more exchanges opening the door for NFT, and more big entertainment IPs entering the blockchain space. In a generally difficult week for cryptocurrencies, the news about the NFT market still has many highlights.
NFT Market News Summary: Blockchain.com Launches NFT Marketplace
The emerging NFT markets continue to hit the market as many of the leading players in the industry face the upstart. In the coming weeks, cryptocurrency exchange and wallet company Blockchain.com will be announcing its own NFT marketplace, with the first taste available to blockchain users via registration for early access to the beta market. com.
NFT Market News Summary: AMC & Sony’s Spider-Man NFT
It’s not surprising to hear AMC in the same sentence these days as anything crypto-related. Last week there was a new version of NFT exclusively for Stubs Premiere, Stubs A-List and Investor Connect members. The Spider-Man NFTs are supported by both AMC Entertainment and Sony, pending an upcoming release of Spider-Man: No Way Home. 86,000 NFTs are minted in the series.
It’s another Marvel IP-worthy marketing tactic we’ve seen in the market so far through their partnership with VeVe. CEO Adam Aron said NFT contributed to the second highest day ticket sales in the company’s history. Not a bad rebound for a company that has been hit hard by the pandemic. The NFTs are powered by the WAX blockchain.
Sony doubled the week on NFTs too; Sony Music announced that Baby Shark IP will be integrated with NFT on MakersPlace.
Summary of NFT Market News: Will NFTs Get the Short End of Tax Barriers?
There is a lot of speculation around the end of the year as the volatility in the traditional market, the crypto market and the NFT market is current. However, given the sharp rise in NFTs this year, it is questionable how much the tax loss will affect overall market movement. Don’t be surprised if it hits some NFT communities harder than others, given the shift we’ve seen in the market so far.
NFT Market News Summary: Seattle’s Own “NFT Museum”
The collaboration between physical and digital has always been a topic of discussion around NFT. While I’ve seen a number of NFT digital museums and had a number of NFT galleries, I haven’t seen too many dedicated NFT museums. That should change from 2022 with the Seattle NFT Museum (SNFTM).
The museum is home to works by local artists, as well as works from leading NFT projects, including Chromie Squiggle and CryptoPunk.
Polygon was featured in Nutshell last week for hosting the first ever NFTs from designer brand Givenchy.
NFT Market News Aggregate: Wikipedia’s First Edition becomes NFT
In the crypto community, some have described Wikipedia as the basic idea of what a DAO is; At their core, both are community-driven and managed. So it is only fitting that the first Wikipedia edit made by the site’s co-founder was auctioned off as the NFT, according to a Christie’s press release.
Jimmy Wales, the co-founder of Wikipedia, did the editing with the words “Hello, World!” back in 2001 – the first of many iterations of page edits and tweaks over the past two decades.
NFT Market News Compilation: Polygon Keeps the NFT Game Moving Forward
Earlier this year, Polygon founded Polygon Studios, a $ 100 million incubator for NFT game projects. This week, Polygon continues its gaming initiative with a new partnership with GameOn Entertainment. Polygon will invest in GameOn’s product development costs.
GameOn works with entertainment companies to offer “White Label Prediction Games, Fantasy Games, NFT-Based Games and Adventure Style Games”.
NFT Market News Summary: Lamborghini Entered NFT Market?
Throughout the year, various major car brands have been involved with NFT. The latest is Lamborghini, who teased social media this week with their first foray into NFT called NFTPRO. While details about the show are limited, many believe it to be the brand’s first series of NFT shows.
NFT Market News Summary: Budweiser’s first NFT drop sold out within an hour
In July Budweiser signed an agreement with the new NFT division of VaynerX. This week the brand launched its first NFT product – almost 2,000 cans of unique beer from the Heritage Collection. The collection was sold out in less than an hour.
The brand recently bought the beer.eth domain for just under $ 100,000 – which it uses as a Twitter username.
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