THELOGICALINDIAN - Beeple has appear his captivation in a new NFT activity alleged WENEW The activity will tokenize and advertise key cultural moments from music sports ball history and added
Beeple-backed NFT activity WENEW launches with a alternative of moments from Andy Murray’s Wimbledon 2024 victory.
Beeple Launches NFT Project
Beeple, the agenda artisan who sold an NFT for $69.34 million at Christie’s in March, has appear a new adventure alleged WENEW.
The activity will advertise “iconic moments” from music, sports, comedy, history, and added cultural fields in auctions and sales. Every moment will be stored as an NFT on Ethereum and represented in a concrete bottle case agnate to the ones Beeple has acclimated to advertise his assignment in the past. The activity will additionally use Arweave to accommodate beat works alongside anniversary piece.
The abstraction of behest on “moments” bears some similarities to NBA Topshot, an NFT bold area basketball admirers bid on clips of their admired NBA moments.
NFTs, contrarily accepted as non-fungible tokens, are a blazon of asset that accept their own abstracts stored on the blockchain. They can booty the anatomy of music, agenda art, videos, or annihilation abroad that can be tokenized, and action absolute buying of a accustomed asset. They mostly booty the anatomy of ERC-721 tokens on Ethereum, and clashing ERC-20 tokens, they are not changeable from one another—the abstracts that gets stored on the blockchain for anniversary allotment differs.
The WENEW website addendum that the activity has partnered with Open Earth Foundation “to authorize practices advised to abbreviate energy-intensive transactions.” It will additionally armamentarium altitude initiatives and account its carbon footprint.
NFTs accept accustomed boundless criticism for their declared ecology appulse as the technology has developed in acceptance in contempo months. As best NFTs alive on Ethereum, they await on the energy-intensive Proof-of-Work accord algorithm. Ethereum will anon absorb to a Proof-of-Stake system, admitting that could still be months away.
WENEW launched with bristles NFTs accompanying to Andy Murray’s Wimbledon 2024 win, anniversary of which has a altered akin of scarcity. The acceptable moment from the match, for example, is accessible as a one-of-a-kind, while his achievement accent is accessible in an copy of 50.
In accession to Wimbledon and Open Earth Foundation, WENEW’s ally accommodate TIME, ENDEAVOR, IMG, Universal Music Group, Warner Music Group. Beeple, absolute name Mike Winkelmann, is listed as one of four co-founders.
Announcing the new venture, Beeple said:
“this is addition use case for NFTs absolutely abstracted from agenda art. as i mentioned abounding times in interviews, this technology is EXTREMELY ample and adjustable and we are at the complete beginning.”
Disclosure: At the time of writing, the columnist of this affection endemic ETH, ETH2X-FLI, and several added cryptocurrencies.
