NFTs In A Nutshell: A Weekly Review
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NFTs In A Nutshell: A Weekly Review

THELOGICALINDIAN - A huge anniversary for NFTs as Coinbase makes their official access The assertive crypto barter has opened up a waitlist and generated abundant fizz and NFTs abide to acquisition their basement in the arising agenda collectables and association landscape

Meanwhile, in tech and gaming, Epic Games has accessible accoutrements as able-bodied – but Steam, not so much. Speaking of media, ViacomCBS is exploring NFTs for it’s massive archive of media brands.

Let’s booty a attending at these belief and added with the accomplished week’s NFT action.

This Week’s Non-Fungible Token News

Look out, OpenSea? Coinbase is one of the best notable names in crypto and could aloof be attractive to accord the arch NFT barter a run for their money. Earlier in the week, the barter appear ‘Coinbase NFT,‘ arduous the brand of OpenSea and Rarible, as able-bodied as adolescent exchanges arena in the NFT space, like Gemini and FTX.

Coinbase has opened up a waitlist for the new platform, and has already generated over 1M users who accept active up.

Steam is one of the better and longest-running video bold platforms in the industry. Video bold developer Valve runs the platform, and recently adapted Steam guidelines that accompaniment that the belvedere would no best abutment and broadcast “applications congenital on blockchain technology that affair or acquiesce barter of cryptocurrencies or NFTs.”

Valve is the architect of assertive titles like Counter Strike: Global Offensive, about absorption is key to Valve’s ecosystem. While the aggregation has yet to absolution an official account on the matter, our aggregation at Bitcoinist believes that the affair lies abundantly about the acknowledged aspects of NFTs and crypto-related games, which could put the continuing of Valve’s exchange appurtenances and amateur at risk.

In the meantime, Valve adversary Epic Games, owners and creators of assertive software and amateur like the Unreal Engine, Rocket League, and Fortnite, has taken a altered stance. CEO and co-founder Tim Sweeney tweeted this anniversary that the aggregation will “welcome amateur that accomplish use of blockchain tech,” abacus that blockchain technology inherently offers account in gaming.

Last month, Sweeney declared that the aggregation “wasn’t affecting NFTs,” about it’s acceptable that Sweeney sees a aggressive advantage befalling and would like to accumulate the crypto aperture accessible should the appropriate befalling present itself.

Visa is architecture out an ‘artist-first’ affairs for NFTs to empower creatives. As our aggregation at Bitcoinist covered in contempo days, Visa has partnered with above MLB amateur Micah Johnson for the program. The new NFT action will accept a focus on creators and baby businesses.

The affairs will accommodate consulting casework and arrangement opportunities for a baddest accumulation of creators. According to the company’s Head of Crypto Cuy Sheffield, the aggregation sees the accepted NFT mural as “the alpha of a agenda renaissance in the apple of art and agreeable creation.”

Related Reading | Why Bitcoin, Ethereum, And Solana Are Posting Major Gains In The Market

McDonald’s China acclaimed their 31st ceremony in appearance this week. The fast aliment behemothic announced their first-ever NFT forth with a new address appointment in Shanghai this week.

McDonald’s will absolution the “Big Mac Cube” NFT, aggressive by the new address building.

The aggregation joins a growing rank of aliment and cooler firms to get their anxiety wet in NFTs, including fast aliment chains like Burger King and Taco Bell, and cooler brands like Budweiser and best recently, Bacardi.

ViacomCBS has partnered up with NFT start-up Recur this week. The move will acceptable arresting some iconic IP and media franchises that could be authoritative their way to the agrarian apple of agenda collectibles abutting year.

ViacomCBS is the amassed of bequest media brands like CBS, MTV, Showtime, BET, Comedy Central, Nickelodeon and more. Recur is currently architecture NFTU.com, and aims to assimilate NFT royalties beyond assorted blockchains.

Interested in a Spongebob Squarepants NFT? You ability aloof accept a attempt in the advancing year address of this partnership, so break tuned. The committed ViacomCBS platform, whitelabeled from Recur, is accepted to barrage in the bounce of 2022.

Related Reading | Under The Radar NFT Marketplaces To Keep Your Eye On