THELOGICALINDIAN - Social media platforms are axis the punch up on NFTs this accomplished anniversary Both TikTok and Twitter bent some absorption in NFT communities as the platforms booty accomplish appear ingraining NFTs in their corresponding businesses Meanwhile Dogecoins cofounder suggests that NFTs could be a band-aid and Epic Games CEO Tim Sweeney isnt awash yet on NFTs
It’s aloof addition action-packed anniversary of NFT headlines. Let’s dive into the accomplished seven canicule of activity in the apple of non-fungible tokens.
This Week’s Non-Fungible Token News
Things can move quick in crypto at times. After aftermost week’s Nutshell covered Twitter’s antecedent bidding absorption at NFT avatar verification, we’ve already apparent developments.
Our aggregation at Bitcoinist covered the aboriginal look that was appear about what that analysis action could attending like, afterwards a Twitter software architect gave a bastard peak.
Primary acknowledgment from the NFT association centered about accessibility and acclamation affected projects on OpenSea.
If you’re no drifter to crypto, you’ve apparently been audition about Dogecoin’s balmy achievement lately. Dogecoin co-founder, Billy Markus, suggested in contempo days that NFT affinity and a Dogecoin-Ethereum arch could be two above catalysts that could advice the meme-token’s future.
DOGE aggregate and crumbling prices accept put the badge at accident at falling out of the top 10.
It’s not consistently sunshine and rainbows. NFT activity ‘Iconics,’ which was reportedly ran by a 17-year-old 3D artist, pre-sold 2,000 NFTs at 0.5 SOL. With annihilation to appearance for it, the activity asperous over $100K annual of SOL. Artwork that was promised was not delivered, and the artist’s Twitter annual disappeared. The project’s Discord approach has had no consecutive announcements, and the accepted babble is disabled.
The money taken from the pre-sale has been advance beyond assorted accounts, according to reports. Solana has had some challenges about actuality and rugpulls in it’s aboriginal canicule of NFT engagement. Hopefully there are brighter canicule to appear for Solana NFT fans.
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TikTok has teamed up with Immutable X this accomplished anniversary and announced their aboriginal NFT release. This advancing week, the amusing media assertive will absolution a bound set of creator-curated NFTs. The antecedent absolution is accent by creatives like Lil Nas X, Bella Poarch, Gary Vaynerchuk, and more.
We’ve apparent a few acceptable media companies get complex with NFTs, but Variety became the aboriginal ball industry-dedicated advertisement to do so this accomplished week. The aggregation captivated a ‘Power of Women‘ accident in Los Angeles, and partnered with Sweet to allowance attendees a appropriate NFT.
The advertisement has aggregate that by the end of the year, they ahead acclaimed Variety account and advanced pages to accept added acknowledgment on the Sweet platform.
Ripple (XRP) has had it’s fair allotment of headwinds in contempo years. However, in their best contempo Developer Summit, the belvedere appear a new $250M Architect Fund. The armamentarium is aimed appear architecture architect assurance on XRPL.
Solana, Polygon, and Flow are aloof a few blockchains that accept fabricated cogent strides to be above players in the NFT space; could Ripple be the abutting to accomplish a name for themselves with creators in crypto?
Epic Amateur has created some allegorical amateur over the years, such as Fortnite and Rocket League. NFTs consistently accept ties over the video bold landscape, mostly because of the abstraction of ‘digital ownership’ that inherently comes with things like Fortnite and CS:GO banknote and wraps, or FIFA Ultimate Teams, for example.
However, Epic CEO Tim Sweeney tweeted this week that Epic “isn’t touching” NFTs, citation too abounding scams in the space.
Sure, we’ve apparent some antagonism assurance in crypto. Back in August, Porsche alike auctioned off a agenda account as an NFT on SuperRare. However, we haven’t apparent too abounding committed NFT hires. This week, Ford assassin a new all-around Brand Merchandising Director, citation NFTs anon as a abeyant advantage in broadcast branded offerings from the company, according to AdAge.
Ford has faced added antagonism from electric-first brands advancing to market, so it will be absorbing to see if the aggregation turns to NFTs in an agreeable and different way to potentially affix with consumers.
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