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NFTs in brief: a weekly review

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NFTs in brief: a weekly review

This week’s heated debate (provided courtesy of Moonbirds) led to a variety of opinions on the Creative Commons, broader licensing, and NFT projects. Meanwhile, Tiffany’s new pendants have sold out quickly, Instagram continues to make a concerted push into the space, and there’s a textbook publisher who wants to use NFTs to collect a cut of secondary sales. We’re back on the block this weekend with a new Nutshellreviewing all NFT activity over the past week.

Let’s go over all the biggest stories from the past week.

This Week’s Non-Fungible Token News

CC0: The debate of the week

A hot topic via crypto Twitter and in NFT corners this week was a move from Lunar birds, which moved their ownership rights model to cc0, or creative commons. In short, this essentially made Moonbirds a public domain, removing the owners’ rights to their respective intellectual property. It is a movement that the founder of Moonbirds Kevin Rose believes “honors and respects the values ​​of the internet and web3.”

This led to a variety of opinions on the matter, as the project began to see a sale and subsequent bump. Creators of Moonbirds Proof Collective opened an investigation to gather feedback from community members following the announcement.

Tiffany Raises Over $12 Million in Minutes with CryptoPunk Pendants

Priced at 30 ETH (about $50,000) each, Tiffany launched a limited version of CryptoPunk Pendants this week, selling out in about 20 minutes. A total of 250 “NTiff” NFTs have been released after Tiffany’s official announcement a week ago.

Following the sale of the NFTs, Tiffany offered a matching mechanism allowing CryptoPunk owners to link their NFT to their Punk and trade in their personalized pendant.

Meta will expand NFT support on Instagram to over 100 countries

Meta hasn’t shied away from crypto and NFT activity over the years, but few efforts have proven fruitful. The latest promising product for non-fungible tokens is Instagram, which is slowly integrating NFTs into the functionality of the social media app; this week, the company announced initiatives to expand their digital collectibles sharing capabilities to several new continents – over 100 countries in total. Additionally, the Zuckerberg-led platform announced new connections with Coinbase Wallet and upcoming Dapper Wallet, as well as integration with the Flow blockchain – resulting in a major breakthrough for the FLOW token.

The move signals Meta’s latest efforts to get involved in NFTs despite a rocky road to date.

Related Reading | Elon Musk claims Twitter committed fraud in $44 billion countersuit

Polygon (MATIC) is the blockchain of choice for a new release from beverage behemoth Coca Cola. | Source: MATIC-USD on TradingView.com

Textbook publisher Pearson tracks secondary sales via NFTs

Textbooks are notorious for being a college burden that’s hard to escape. Although not always an option, many classes have used books as options, and to date publishers have not aggressively pursued a share of secondary sales, primarily because there was no no low-risk option that does not require major investments. . The non-fungible tokens, however, apparently caught the eye of major textbook publisher Pearson.

The company is exploring NFT textbooks, according to reports last week, but to what end remains to be seen. Token textbooks would allow Pearson to collect a percentage of resale transactions, but the impacts on textbook prices (which really remains the bottom line in this discussion) as a result are difficult to measure.

NFTs.com domain commands a high price

Step aside, ENS. It pays to have a bit of Web3 in your Web2. At least that seems to be the case after the sale of “NFTs.com” this week, as the domain sold for around $15 million – one of the biggest public domain deals in history and certainly the biggest. one of the most important (if not the bigger) this year. The domain is currently routing to a one-page view.

Solana’s Magic Eden Marketplace Will Accept Ethereum

You never get bored in the atmosphere of Solana, it seems. This week Solana-based powerhouse Magic Eden announced support for Ethereum – which is expected to go live later this month. Magic Eden has been by far the leader of Solana NFTs, and will now seek to bite into the dominant share of Ethereum markets. Magic Eden joins a growing number of platforms, across a variety of blockchains, that see the future as multi-chain.

Related Reading | Bitcoin is a “remarkable cryptographic achievement”, says former Google CEO

Featured image from Pexels, Charts from TradingView.com

The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

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