NFT

Universal Music Group is the latest institution to join the NFT project Bored Ape Yacht Club. The group’s Web3 label has purchased a Bored Ape character for 125 ETH, which is approximately $361,000.  UMG’s Unique WEB3 Label Universal Music Group's Web3 label, branded "10:22PM," is dedicated to "discovering, developing and empowering artists, digital creators, and brands".  General Manager of Commercial Content, Celine Joshua, launched the Web3 label in 2018. This was long before the NFT and Web3 media craze. Celine…

Through a sophisticated chain of transactions, an anonymous user cunningly grabbed $1.1 million from the ApeCoin Airdrop. Despite sticking to the allowed rules of purchase, the user managed to exploit the system. ApeCoin Launch On Thursday, the famous designers of the Bored Ape Yacht Club, Yuga Labs, launched an exclusive airdrop containing ApeCoin(APE) tokens. The launch notably spiked Ethereum gas prices barely hours after it began. Following the launch, designers Yuga Labs offered 15% of a billion ApeCoin tokens to…

The bombshell drop of the APE token sent ripples across the crypto world - with a noticeable effect on ETH gas prices. Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC) NFTs, has issued its own crypto token. As announced on Wednesday, the new ERC-20 token is called ApeCoin ($APE). We’re excited to announce we’re adopting ApeCoin as the primary token for the Bored Ape Yacht Club ecosystem as well as future Yuga products and services. The newly…

The Miami NFT will feature a major celebrity appearance, from a rapper and now metaverse creator French Montana. Karim Kharbouch, known as French Montana, will kick off the NFT event with a Happy Hour. The rapper, whose song Unforgettable reached 1.365 billion views on Youtube, will chat with fans and NFT enthusiasts alike. However, this appearance is only the culmination of his involvement in the NFT space. In fact, he is joining the event as the official celebrity guest of…

Dr. Disrespect – one of the world’s most popular video game streamers – has unveiled a commemorative NFT collection produced by his gaming studio “Midnight Society”. The collection – available to 10,000 of his most dedicated community members – will be privy to various benefits surrounding his game’s development. However, like many on the gaming scene, a substantial portion of his following didn’t take kindly to the reveal. The “Day Zero” Access Pass The streamer presented and explained the new…

Artists across the African continent are increasingly creating ripples in the NFT space. Young creators especially have been keen on pushing the NFT trend in recent months.  South African Artists Join the Future Moving along with the NFT trend, South-African artists have begun to offer tokenized versions of their work for purchase. Since the NFT boom that began in late 2020, NFTs have grown into a staple in the art community.  They allow artists to stay on top of emerging…

BitsCrunch, a multichain NFT analytics firm, has secured $3.6 million in a recent funding round. Some of the cryptosphere's most powerful investment firms have contributed to this event. So, while the project is still developing, it clearly benefits from important industry support. What is BitsCrunch? BitsCrunch combines artificial intelligence with analytics tools to determine a fair price for NFTs. Additionally, it identifies wash trading warnings and calculates whether an NFT is genuine or fake. The company operates from Germany and…

Despite regulatory threats, famous pizza Place Papa John's is entering the NFT space with a huge giveaway. Pizza take-out chain Papa John's (PZZA) is planning to airdrop nearly 20,000 non-fungible tokens (NFT). According to the official statement, Papa John's is giving away 19,840 NFTs. The campaign will start in early March, when the company will airdrop NFTs over a few days. The number 19,840 represents the company's founding year, or 1984. Overall, there are nine NFT designs, inspired by a Papa…

Multimillion-dollar American company Chevron has put forward an application that would allow it to produce and sell virtual products. Chevron's Interest in NFTs  On Tuesday, 2nd March 2022, Chevron filed a series of applications with the United States regulatory body (USPTO). Chevron’s filed patent will allow it to produce and sell digital assets in the form of NFTs. Trademark lawyer Michael Kondoudis took to Twitter to announce the news. The application, if granted, means Chevron can offer products like virtual…