Tag: NFTs

Court-ordered NFTs and the importance of Web3 randomness: Nifty Newsletter

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​​Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights. In this week’s newsletter, read about how a nonfungible token (NFT) became a focus point in a Singapore court battle, learn about the importance of decentralized randomness in the Web3 gaming sector and find out why Universal Music Group is suing Anthropic over copyright infringement. Singapore court authorizes freeze order…

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Singer Vérité’s fan-first approach to Web3, music NFTs and community building – Cointelegraph Magazine

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Carving out a sustainable career as an independent musician is no easy feat. The competition is fierce, support can be hard to find, and earning a living without the financial help of a major record label is an uphill battle. Yet, for those who are able to build a loyal fanbase, the freedom of complete creative control can be liberating. Technology has long proven to be a potential friend to those musicians willing to embrace it, and nonfungible tokens are the latest innovation that many tech-savvy artists have begun incorporating…

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Hervé Larren on Bitcoin, Apes and the psychology of ‘blue-chip’ NFTs – Cointelegraph Magazine

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During a period of hyperinflation in 2013, “my Venezuelan mother asked me to send money to Caracas, the country’s capital,” Hervé Larren recalls. However, bank transfers were not possible between the two countries.  Busy with work in New York, he told a friend that he planned to fly to Caracas — carrying cash for his mother — and return the same day. “Why don’t you just send Bitcoin?” his friend asked, which quickly led to a change of plans as Larren made his first Bitcoin transfer. “My first crypto transaction,…

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99-year-old Hungarian artist’s computer generated NFTs sold for $1.2M

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Computer-generated nonfungible tokens (NFTs) created by Hungarian artist Vera Molnár in collaboration with Martin Grasser sold out during Sotheby’s Dutch auction for 631 Ether (ETH), or around $1.2 million, in less than one hour.  Molnár’s Themes and Variations #1 sold for 19.84 ETH | Source: Sotheby’s According to the July 26 announcement, the “Themes and Variation” collection features 500 collectibles via an algorithm combination of 170 color palettes and recursive grids. Auctioneers wrote: “Themes and Variations is an expansion of Molnár’s 2% d’ordre generative protocol that explores the power of…

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Tokenizing music royalties as NFTs could help the next Taylor Swift – Cointelegraph Magazine

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Since 2021, pop superstar Taylor Swift has been rerecording and releasing her entire back catalog of albums in an effort to break away from her previous record label and gain greater control over her art. The fact she has to go through such a painstaking, expensive process just to recover what most would consider rightfully hers highlights how the music industry can be a complicated, confusing place for young artists. It has a well-deserved reputation for being a space where enthusiastic musicians often unknowingly enter into unfavorable or exploitative record…

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GTA 6 crypto rumors, Dr Who/Sandbox, Thai tourist NFTs review – Cointelegraph Magazine

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Grand Theft Auto VI crypto rumors Rumors that the upcoming Grand Theft Auto VI will incorporate cryptocurrency and nonfungible tokens have once again surfaced, sparking speculation among fans. Posts shared on Twitter suggest that GTA 6 will be a play-to-earn game and that in-game items such as cars and weapons will be NFTs. GTA creator Rockstar Games is yet to weigh in on whether there’s any truth to these claims, but there seems to be little solid evidence backing the rumors. The company cracked down on the use of crypto…

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Here’s how developers aim to store crypto inside NFTs

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Developers have recently published an Ethereum Improvement Proposal (EIP) introducing a new way to use nonfungible tokens (NFTs). With this system, all NFTs can have a smart contract account, allowing them to store other NFTs or crypto tokens.  Cointelegraph spoke with Future Primitive’s Jayden Windle and Benny Giang, the authors of EIP-6551, to explain the use cases of the proposal and its implications for the crypto space. Jayden Windle and Benny Giang explain ERC-6551. Source: Cointelegraph  According to Windle, while there are a lot of complicated workings behind the feature,…

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