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Elon Musk buys Twitter by becoming its LARGEST Stakeholder! 🎥 Tiktok/nftfenatic #nft #nftart

Snowcrash, a startup focused on the Solana blockchain, has announced that Sony Music and Universal Music Group will be a part of its upcoming platform, which later this year is planning Bob Dylan and Miles Davis NFT drops. NFTs are unique tokens that exist on a blockchain like Ethereum or Solana. The music industry has taken a strong interest in NFTs as a way to further monetize artists and content, with musicians like Dolly Parton, Steve Aoki, Kings of Leon, and 3lau cultivating NFT-focused brands. Snowcrash will be competing against other Solana-based NFT marketplaces like Solanart and Solsea. OpenSea, the largest NFT marketplace, saw nearly $3.6 billion in sales last month, but currently only offers NFTs minted on the Ethereum and Polygon blockchains. (OpenSea may soon be adding Solana NFTs.) Sony Music is planning to work with Snowcrash to “develop a range of opportunities for our recording artists with a focus on delivering accessible, user-friendly experiences for both creators and fans,” Dennis Kooker, Sony’s president of global digital business, said in a statement. Michael Nash, Universal Music’s EVP of Digital Strategy, echoed Kooker’s belief that Snowcrash will provide artists with new opportunities. Sony and Universal joining Snowcrash is just the latest example of big labels diving into Web3. Warner Music Group recently announced a partnership with blockchain gaming company Splinterlands, citing a desire to get its musicians into play-to-earn games. Via: @decryptmedia #NFT #Solana #SolanaNFTs #SolanaNFT #NFTs #nftart

After much anticipation, and a $70 million mint, the artwork reveal for Ethereum NFT gaming project Pixelmon is getting crushed on social media. Syber, Pixelmon's founder, called the reveal “unacceptable,” but said the project’s development would continue. (NFTs are unique blockchain tokens that signify one’s ownership over a digital asset. In the case of Pixelmon, each NFT signifies ownership over an in-game asset.) When the game launches, according to the Pixelmon website, players will be able to catch other Pixelmon and collect them as NFTs in an open-world RPG. The first collection that minted “are playable genesis collectibles” that won't be available to catch in-game. Holders of the first set of NFTs also will “gain exclusive access to an airdrop of Pixelmon land.” Pixelmon mint prices—the cost to buy an NFT in a primary sale—began at 3 ETH (about $8,100) and slowly declined via a Dutch auction format, meaning some mints cost less than 3 ETH. Some on Twitter expressed disappointment with the artwork, saying it was comical how much had been paid for the pixelated NFTs, while others said some of the NFTs were “broken,” and accused the project of being a scam. Over the weekend, Syber spoke out about what happened, saying the NFTs that minted did not accurately reflect what the in-game assets would look like. On Discord, he apologized and said the OpenSea NFT reveal was “a horrible mistake.” "The plan was always to use the funding raised from mint to create proper and better models,” he wrote on Twitter, adding that the NFTs “are updateable and what they look like now is poor quality—we own up to that—they will be made better.” He also said that the “funds raised will be used to build Pixelmon.” Via: Decrypt #nft #pixelmon #nfts #nftart #eth

NFT marketplace @magiceden_nft has rapidly surged to the top of the #Solana pack, becoming the dominant player in the space much like #OpenSea has done on #Ethereum. Now the project aims to expand and evolve, today announcing plans to create a #DAO and #airdrop #NFT membership passes to existing users. Magic Eden will launch #MagicDAO, a DAO designed to further development on the platform, provide benefits to supporters (including exclusive event access), and expand the project’s ecosystem over time. DAOs have recently become a popular way to organize online communities, often governed by their own cryptocurrencies or tokens, and work toward a common goal. Beginning today, Magic Eden will airdrop between 25,000 and 30,000 Magic Ticket NFTs to existing users of the marketplace. Each ticket will work like a membership pass for the DAO community, including access to a gated channel on Magic Eden’s Discord server. Magic Eden will distribute the passes across three separate groups: users who first transacted between September 17 and October 17 last year during the platform’s first month of existence, those who first used the platform between October 18 and December 17, and those who first used the site on December 18 or later. Users who qualify for the airdrop will be distributed a unique NFT collectible based on which group they fall into, and Magic Eden said that it will prioritize giving the NFTs to still-active users who have transacted on the marketplace within the last month. Via @decryptmedia

On Friday, blockchain platform Harmony — whose mainnet runs on the Ethereum network, claiming to have two-second transaction finality and fees 1,000 times lower than Ethereum — announced the launch of its Bored Ape Yacht Club Passport. The Passport enables users to import proof of their apes into DeFi Kingdoms, a play-to-earn game built on the Harmony blockchain with over 120,000 monthly active users. During its initial stages, Ape holders will be able to validate and display their assets in the game across multiple blockchains when they connect their MetaMask wallet to DeFi Kingdoms. The infancy of cross-chain technology means that funds could be at risk when bridging across chains, as the biggest decentralized finance hack thus far this year showed. However, as stated by its developers, Harmony’s Passport does not move assets; instead, it proves asset ownership across multiple blockchains, guaranteeing their authenticity throughout. Its cross-chain bridge, Horizon, currently supports interoperability between Harmony, Ethereum, BNB Chain and three other blockchains. Leo Chen, a team member at Harmony, explained: “We wanted to give all NFT holders more utility and options to display their NFTs and participate in the Metaverse. Bored Ape Yacht Club holders are the first choices. The cross-chain identity creates a secure and easy way to do so without putting their assets at risk.” In a similar gesture, last month, Twitter kicked off its nonfungible token campaign, allowing its paid subscribers to show off their NFT possessions as profile pictures. However, the technical functionalities of the feature are in the testing phase, with only Ethereum-based NFTs eligible and no support for cross-chain functionalities. Via: @cointelegraph #nft #bayc #boredape #nfts #nftart #nftpassport

When discussing the best NFT Art you'd be ignorant not to mention one of the best digital artists of our time @antonitudisco Here's a compilation of some of his past work. We're excited to see what's coming! #nft #nfts #ethnfts #3dart ##digitalartists

@garyvee shuts down #NFT doubt in under 1 minute 😤 FOLLOW 👉 @NFTART 🎥: Nft.degen [TT] - #nfts #bullish #metaverse

JPMorgan is officially the first major bank in the metaverse, having opened a virtual lounge in blockchain-based Decentraland in an effort to capitalize on a “$1-trillion” market opportunity. The largest bank in the United States, JPMorgan, has taken a massive step into the metaverse, opening a virtual lounge in the popular blockchain-based world Decentraland after it labeled the sector as a $1-trillion opportunity. Visitors to the lounge, situated in Decentraland’s Metajuku Mall, are greeted by a roaming tiger and a digital portrait of Jamie Dimon, CEO of JPMorgan. If players walk upstairs, they can watch an executive’s presentation on the economics of cryptocurrency. The Onyx Lounge, named after JPMorgan’s in-house blockchain payments system, was unveiled alongside a report from the bank detailing the types of business opportunities companies can expect to find in the metaverse. The report states, ”The Metaverse will likely infiltrate every sector in some way in the coming years, with the market opportunity estimated at over $1 trillion in yearly revenues,” while also highlighting that $54 billion is already being spent on virtual goods each year — twice the amount spent on buying music. The report notes the average price of virtual land doubled from $6,000 to $12,000 between June and December last year and predicts that in-game advertising spending will have reached $18.4 billion per annum by 2027. JPMorgan has identified a rush of individual creators utilizing Web3 to monetize their work in new ways as a driving force behind the new economy being built in the metaverse. “This democratic ownership economy coupled with the possibility of interoperability, could unlock immense economic opportunities, whereby digital goods and services are no longer captive to a singular gaming platform or brand.” Via: @cointelegraph #jpmorgan #metaverse #nft #nfts #themetaverse #meta #trillions #nftart

Cyber, a virtual reality platform, today announced a deal with Rarible to integrate its protocol and create a virtual NFT marketplace. Launched in February last year, Cyber said the new functionality will enable consumers to browse for NFT collectibles through an immersive VR experience. "You had all these top-to-bottom companies that were selling [virtual] land that is quite expensive, and then you had a lot of 2D platforms, but not the option in the middle," Rayan Boutaleb, Cyber's founder, told Decrypt. "We launched and placed the first brick of a bottom-up metaverse company that we would build with the help of the [blockchain] community," he said. Boutaleb said the Cyber VR app can run on a mobile phones—even older models—in addition to Oculus, widening the audience for potential NFT buyers. The platform currently is available for NFTs minted on the Ethereum blockchain through the Rarible protocol. Rarible, which launched in 2019, is a both a protocol that can be used for NFT issuance and decentralized apps as well as a marketplace. Developers use Rarible's native RARI token to interact with the platform. RARI has a current market capitalization of $54.5 million, according to CoinMarketCap.com. By integrating Rarible's tech, Cyber said, users will be able to access collectibles beyond the Cyber marketplace, namely all projects that use the Rarible protocol, including Rarible.com, a top 10 NFT marketplace, according to DappRadar.com, with $291.88 million in trading volume since it launched. Via: @decryptmedia #NFT #VR #Rarible #Cyber #protocol #nfts #nftart

@lostatseanft sold out yesterday on #Monkelabs in under 5 mins. Within 2 hours of the sale the team donated $10K to @teamseas , the @mrbeast Foundation helping to clean our oceans. @magiceden_nft promised to match the 10K as well. What's next for the Lost At Sea community is going to be a 3D collection, where if you own 3x 2D NFT you'll receive 1x 3D for free. The teams roadmap also includes a p2e game which is slated for release in August 2022. #nft #nftart #solananfts #nfts #solananft #3dnft #3dart #p2e #nft #nftart #solananfts #nfts #solananft #3dnft #3dart #p2e

This is super dope 🔥 Plus they have a treasure hunt for 1 BTC in their server 😱 FOLLOW 👉 @NFTART 🎥: @divinitycells #nft #nftart #divinitycells #btc #nfts

This #NFT sold for $3.7 Million 🤯 FOLLOW 👉 @NFTART 🎥: nft.degen [TT] #nfts #metaverse #nftart