Muse To Launch NFT Album, Lens Protocol Talks NFTs

Muse To Launch NFT Album, Lens Protocol Talks NFTs

  • CryptoPunks had the best buying and selling quantity on OpenSea in July
  • Otherdeed, Bored Ape Yacht Membership’s NFT Assortment, Turns into Quickest NFT Assortment To Attain $1 Billion In July Gross sales Quantity

This week, the world of Web3 noticed a collaboration between luxurious jeweler Tiffany & Co. and the CryptoPunks assortment, whereas Solana-focused NFT market Magic Eden added help for Ethereum tokens hours earlier than a serious hack. Solana sizzling pockets.

Blockworks rounds up different notable tales that caught the eye of Web3 Watch.

Ethereum co-founder Vitalik Buterin discusses Meta’s potentialities within the metaverse, saying “something Fb creates now will fail.”

Muse’s music goes on chain

British rock band Muse’s upcoming new album might be launched as a restricted version NFT (non-fungible token) on the Polygon-powered Serenade platform, The Guardian has reported. “Will of the Individuals” is Muse’s ninth studio album, scheduled for launch on August 26.

Serenade permits music followers to make use of their Bitcoin and Ethereum wallets to commerce and accumulate NFTs tied to restricted version digital collectibles and digital presses. The digital editions, Serenade founder Max Shand defined, “present full-length audio and distinctive art work, together with unlockable rewards and an early homeowners record that publicly hyperlink followers to the artists and releases they love. ”.

“It is a premium vinyl for the online” tweeted.

In 2020, Muse additionally labored with Dapper Lab’s CryptoKitties venture to create digital collectibles.

Muse’s NFT-listed album is the primary new format to be added to the UK Official Charts Firm (OCC) charts within the UK and Australia. And it is the primary launch on the OCC the place the seller, on this case Serenade, is authorized as a graphics return digital retailer, which means gross sales on the platform contribute to the official numbers.

NFT Worlds removes the ‘N’, ‘F’, ‘T’ from Minecraft

Microsoft-owned Mojang, the sport studio behind the vastly in style Minecraft, just lately determined to ban blockchain expertise and NFTs from the title.

The transfer disrupted token and NFT integrations constructed by Web3-based gaming platforms like NFT Worlds. The workforce’s related token, WRLD, instantly tanked by 65%.

NFT Worlds responded by creating their very own sport and platform primarily based on a lot of Minecraft’s core mechanics, and referred to as it Miecra, having dropped the letters that make up “NFT” from the title of their inspiration.

“This isn’t a rewrite of some open supply Minecraft clone, which might doubtless violate the EULA. [end-user license agreement] and even danger authorized motion, that is fully from scratch. This transition may even include a public-facing model id change that’s friendlier to avid gamers,” the corporate tweeted, including: “This can be a web2 vs web3 battle.”

WRLD’s Tokenomics Replace White Paper outlines how the startup will incentivize contributors to maintain enjoying, whereas rising the utility worth of their digital belongings as they construct reputations as gamers, creators, or builders within the gaming world.

KuCoin launches an NFT ETF

Seychelles-based cryptocurrency change KuCoin has launched a blue chip NFT-linked ETF as Bored Ape Yacht Membership (BAYC).

KuCoin’s new ETF is a tether-dominated product that buys derivatives of sure digital belongings. His portfolio will first cowl fractional tokens representing partial possession of BAYC, CryptoPunks, Koda NFT, The Sandbox Deeds, and Ethereum Title Service domains.

Fractional tokens are issued by the Fracton Protocol NFT meta-swap fraction change aggregator. Nonetheless, the KuCoin ETF is not going to be traded on conventional inventory exchanges; as a substitute, the change has launched a specialised “Buying and selling Zone” the place its customers can commerce the fund.

The NFT ETF buying and selling zone, based on an announcement, goals to “improve the liquidity of NFT belongings and decrease the funding threshold of blue chip NFTs for greater than 20 million customers.” Additionally it is meant to take away considerations related to crypto wallets, good contracts, and NFT markets.

Q&A with Web3 Lens Protocol Social Media Platform

Lens Protocol is an open supply expertise stack at Polygon for constructing decentralized social media functions.

Not like Web2 social networks like Fb and Instagram, builders can construct social media apps, marketplaces, suggestion algorithms, and extra with cryptographic expertise along with the Lens Protocol. And it really works with NFT.

One contributor, for instance: Pussy Riot, the Russian feminist protest and performing arts collective, created the NFT assortment “Protest Proof” to lift funds for seven US-based organizations that help ladies’s reproductive rights.

The gathering, powered by UnicornDAO and public charity Endaoment, raised greater than $110,000 in lower than 72 hours after launching on July 7. In that point, the gathering minted 13,201 NFTs despatched to greater than 9,700 distinctive pockets addresses.

Blockworks reached out to Aave-operated Lens Protocol for extra info from Christina Beltramini, head of progress and partnerships at Aave Corporations.

Blocks: How do Lens Protocol customers work together along with your apps?

Beltramini: In the present day, Lenster, a brand new decentralized, censorship-resistant microblogging and social networking service, is one in every of over 100 apps constructed on the Lens Protocol that leverages NFT expertise, permitting customers to personal their information and unlock new methods for creators to monetize their very own and digital content material. their relationships with their communities

With Lens, every consumer’s followers, neighborhood, and content material are tied to their NFT profile and could be carried over to any new protocol-powered app, giving creators the power to be really cross-platform and go straight to the motion. neighborhood.

The protocol additionally supplies a consumer and creator base for any app to connect with, and provides folks full possession over their profile, content material, and relationships with their neighborhood with no blanket energy over how they management their content material or information.

Blocks: How Did Pussy Riot’s “Protest Take a look at” NFT Assortment Develop?

Beltramini: NFTs had been obtainable to be collected straight in Lenster, which makes use of the Lens assortment module. As quickly as they had been collected, the posts turned NFTs by being minted as posts in Lens. Particularly for this launch, Lenster made certain that creators, like Pussy Riot, might safely categorical their views with out the danger of being suspended or banned.

Creators are at present experimenting with creator monetization instruments in Lens utilizing the “gathering module.” The latest instance of utilizing this software to generate revenue (or on this case a donation) is Pussy Riot.

They raised over 150,000 MATIC ($138,000) over three days via three completely different drops. Moreover, the dedication to open and restricted editions has rivaled top-tier NFT initiatives. They had been additionally among the many prime 20 most lively NFT contracts on Polygon, even when in comparison with high-usage NFTs for video games like Aavegotchi and Cometh.

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  • ornella hernandez



    Ornella is a Miami-based multimedia journalist who covers NFT, the metaverse, and DeFi. Earlier than becoming a member of Blockworks, she reported for Cointelegraph and in addition labored for TV channels like CNBC and Telemundo. She initially began investing in Ethereum after studying about it from her father and he or she hasn’t appeared again. She speaks English, Spanish, French and Italian. Contact Ornella at [email protected]

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