Wednesday, January 26, 2022

Where is NFT crypto sold

The platform is collaborating with curators such as Kimberly Drew, Misan Harriman, Myriam Ben Salah, and Azu Nwagbogu. The partnership is a sort of inaugural residency that will allow emerging creators to explore the opportunities connected to NFTs. The resulting collection will only be discoverable and purchasable on Voice.

The platform is estimated to be 65,000 times more energy-efficient than Bitcoin and 17,000 times more than Ethereum

Spotted: Voice is launching an environmentally friendly NFT platform to help emerging creators get discovered. Users will be able to mint NFTs at no cost and buyers can buy creations with a standard credit card. The platform excludes cryptocurrencies and does not require gas fees or previous NFT experience.

There is currently a lot of controversy surrounding crypto art, known as non-fungible tokens (NFTs). NFTs are accused of contributing to carbon dioxide emissions because they rely on cryptocurrencies like Ethereum or Blockchain to be created, bought, and sold.

According to the verge, most major cryptocurrencies are built on a system called “proof of work” which works as a security system to compensate for the lack of an overseeing third party, like a bank. “To keep financial records secure, the system forces people to solve complex puzzles using energy-guzzling machines. Solving the puzzles lets users, or “miners”, add a new “block” of verified transactions to a decentralized ledger called the blockchain.”

What makes Voice’s new platform so environmentally competitive is that it is powered through Delegated Proof of Stake, a blockchain network which demands fewer resources and is designed to be more sustainable and eco-friendly. As a result, the platform is said to be 65,000 times more energy-efficient than Bitcoin and 17,000 times more than Ethereum.

The platform is collaborating with curators such as Kimberly Drew, Misan Harriman, Myriam Ben Salah, and Azu Nwagbogu. The partnership is a sort of inaugural residency that will allow emerging creators to explore the opportunities connected to NFTs. The resulting collection will only be discoverable and purchasable on Voice.

Currently, Voice is being privately tested. However, a public beta is forecasted to become available in mid-August with initial releases from the NFT Residency artists.

Written By: Katrina Lane

9th September 2021

Takeaway:

NFTs have truly revolutionized the world of art. According to Digiconomist, ​​Ethereum uses about as much power as the entirety of Libya. By making NFTs more sustainable, Voice’s new platform has the potential to continue providing opportunities to artists as well as making it more inclusive.

Back in 2019, the NBA launched its Top Shot marketplace, where users can collect and trade highlight reels via blockchain. It has since generated over $230 million in sales, with individual clips of LeBron James going for about $200,000 each. Billionaire entrepreneur Mark Cuban, a Top Shot regular, was early on the NFT wave, frequently selling NFTs for upwards of $81,000.

What are NFTs anyway?

An NFT, or “non-fungible token,” is a digital asset that exists on similar blockchain technology to Bitcoin — it can be artwork (an image, video, or audio file), a domain name, a tweet, or even a video game item. The “non-fungible” part means that the artwork has one specific owner, despite the fact that anyone can duplicate the image or video and reshare it.

That exclusivity has made these digital files worth millions. Many sellers follow a pricing method common in the art world known as “granular price tiering,” where an artist sells the most unique works at a higher price, then sells subsequent series for less.

CryptoPunks pixelated portraits were one of the first NFTs back in 2017. They also served as inspiration for CryptoKitties, the cute cartoon NFT cats that clogged up the Ethereum network with their popularity in 2018. Last month, CryptoPunks were changing hands for over $760,000. Today, roughly $30 million worth of Punks have been transacted. Punk prices spiked to thousands of dollars on average in the final months of 2020, during a historic rally for the cryptomarkets.

Last year saw the NFT market triple, making it currently worth over $250 million, and it’s only getting bigger. According to a recently published report from Dapp Radar, NFT markets accounted for $342 million in trading volume in February 2021 — more than all of 2020. On February 8, two gamers set a new record by spending $1.5 million worth of crypto to buy a video game feature NFT. Meanwhile, the art world has reluctantly embraced NFTs. Christie’s is auctioning off its first digital artwork by artist Mike Winkelmann, also known as Beeple, who sold a $6.6 million NFT on February 22. But when celebrities started embracing NFTs, people paid attention.

During seven days of testimony, Holmes was attempting to pin the blame on former Theranos president Ramesh “Sunny” Balwani, who was also her boyfriend. Relying on the Svengali defense, she painted Balwani as an abuser who controlled her life.

Theranos Stock Certificate to Be Sold as NFT by Early Investor

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American entrepreneur Marc Ostrofsky, who was among early investors in the infamous biotech scam Theranos, now wants to make his money back by auctioning his Series A stock certificate signed by none other than Elizabeth Holmes as a non-fungible token.

Aptly named “The Rise and Fall of Theranos,” the NFT has appeared on the OpenSea marketplace with a starting bid of 1 ether ($4,044).

The winner will be able to redeem the token for the physical certificate.

The auction will last until Dec. 23, the final day of jury deliberation before Christmas.

Ostrofsky says that he has issued the NFT to take advantage of opportunities presented by the new technology:

Over the course of my career, I've tried to continually identify hot new trends in the marketplace to capture the 'first mover' advantage.

He put $100,000 into Theranos during the company’s Series A funding round.

In 2015, the former darling of Silicon Valley investors reached its peak valuation of $10 billion, with Holmes becoming America’s wealthiest and youngest self-made female billionaire.

However, an investigation initiated by Wall Street Journal’s John Carreyrou led to the demise of the startup, whose revolutionary blood-testing technology turned out to be a sham.

During seven days of testimony, Holmes was attempting to pin the blame on former Theranos president Ramesh “Sunny” Balwani, who was also her boyfriend. Relying on the Svengali defense, she painted Balwani as an abuser who controlled her life.

The jury will begin deliberating after the conclusion of closing arguments in the case on Dec. 17.

Interest in NFTs skyrocketed last year, with more than $250 million worth of sales, according to the NFT Report 2020, which tracks the value of the market. The fervor for the work on sale at Christie’s now—titled Everydays: The First 5000 Days (2021), and featuring 5,000 images, one made each day over the course of 13 years—could be seen as proof of the medium’s growing popularity.

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Like all of Beeple’s pieces, CROSSROADS is a NFT—non-fungible token—work that is authenticated by blockchain technology. The artwork consists of an encrypted image or video file, accompanied by a digital signature that cannot be duplicated, giving buyers the assurance that their purchase is an authentic copy.

Within the fast-growing crypto art market, few names are as well-known as Beeple’s. In December, he made $3.5 million in a single weekend, only the second time the artist had ever offered his art on sale. Within five minutes of opening, the auction at Nifty Gateway broke records for digital art sales. Many of the works were immediately resold at inflated values—some at more than 1,000 percent of their original price.

Interest in NFTs skyrocketed last year, with more than $250 million worth of sales, according to the NFT Report 2020, which tracks the value of the market. The fervor for the work on sale at Christie’s now—titled Everydays: The First 5000 Days (2021), and featuring 5,000 images, one made each day over the course of 13 years—could be seen as proof of the medium’s growing popularity.

“We’re at this moment in time where there could be a drastic shift—a demographic shift, a generational shift—when it comes to what excites younger collectors,” said Noah Davis, a Christie’s specialist in post-war and contemporary art in charge of the Beeple sale, told Art Market Monitor this month. “Christie’s as an organization is really excited about a moment in time where you see $3.5 million of sales just organically appear out of thin air. That’s something we want to capitalize on.”

So Art Blocks is a bit like having the artist create a custom on-demand artwork for you with the assistance of the blockchain to randomize outputs. Is it successful? The answer is a resounding yes.

Art Blocks Factory

Last but not least is the Art Blocks Factory tier. If an artist doesn’t want to wait for acceptance into the Curated collection, they can launch in the Factory. You might call Factory projects the wild cousins of more formal Curated series, but that’s intended.

Where Curated and Playground projects push generative art forward into a formal crypto art discipline, Factory NFT drops introduce more playfulness and spontaneity. For example, look no further than Hideo’s Dino Pals NFT series.

Dino Pals are a simplistic children’s rendering of prehistoric dinosaurs, limited to 100 NFTs. Hideo’s script introduces randomized traits like species, color, eyebrows, and world. Dino Pals #41 features a rare albino triceratops, which is probably why its owner paid 375 ETH (

In fact, Dino Pals account for the majority of Art Blocks Factory's sales volume. In August, Factory sales peaked at $16M in one day as Dino Pal frenzy took over.

More recently, Fake Internet Money by Steve Pikelny has started making waves. The series is limited to 1,000 NFTs and randomizes traits including denomination, layout, and emblem to create intriguing digital currencies.

Fake Internet Money NFT sales are picking up in price, with some selling as high as 15 ETH (

Back in March, Gucci Gang rapper Lil Pump dropped a range of NFT chains on Sweet. A service that provides NFT proprietors (such as artists/ rappers) the ability to sell directly on e-commerce sites and bundle their tokens with physical merch.

What are Digital Diamonds?

Why use Lil Pump’s chain as a case study? Well, both the sale of real GIA diamonds as NFT’s and the NFT Diamonds mined out of the blockchain hope to raise awareness and counteract the destructive practices of the trade. But are Digital Diamonds a good investment? We’ll let you decide.

NFT Diamonds Co.

Striving to become the number one market place for NFT Diamonds. Digital Diamond Co. is the primary distributor and marketplace for the sale of digital diamonds. The brand’s gems sell for the price of real diamonds, and their online auction is forecasted to create a big market for digital diamonds.

Owner Sebastian Errauzriz took a challenge to the monopoly of the $80 billion diamond industry. Preparing DD’s to become the modern “David VS Goliath” duel by bringing digital stones and blockchain tech to fight the diamond giants. In terms of price, NFT Diamonds will start at 1.0 carat for 1ETH.

Nft diamond the great vitalik

NFTs aim is to duplicate the tangible attributes of physical objects such as uniqueness, rarity associated with proof of ownership. On the opposite hand, fungible products will be listed as a result of their value, and not their distinctive characteristics characterise them. NFT prototypes were coloured coins, referencing experimental plus created on the Bitcoin network in 2012. The primary asset representing a non-fungible tradable blockchain marker was created in 2014 on an experimental basis for the Seven on Seven conferences at the New depository of recent York.

The Surging NFT Landscape

The inventive capability of the cryptocurrency community is growing and setting new trends, as demonstrated by the rise in non-fungible tokens. NFTs are digital objects that are verified on the blockchain and contain characteristics comparable to individuation and non-interchangeability. They will take the shape of nearly any category, however, they specifically seem like art, music, objects in blockchain-based video games and videos.

The term non-fungible token (NFT) typically refers to crypto plus on the blockchain that represents an intangible and distinctive digital item such as a piece of art, photo, in-game collector’ item, or tweet. Other assets cannot get replaced as a result of it being a group of outstanding properties. Every NFT is exclusive and restricted in amount and not interchangeable; it will function as proof of legitimacy and ownership. NFT are distinguished from one another by data and unique identifiers comparable to a barcode. The knowledge that creates up the resource is termed metadata. data permits users to shop for or sell things supporting their metadata instead of the whole item.

NFTs aim is to duplicate the tangible attributes of physical objects such as uniqueness, rarity associated with proof of ownership. On the opposite hand, fungible products will be listed as a result of their value, and not their distinctive characteristics characterise them. NFT prototypes were coloured coins, referencing experimental plus created on the Bitcoin network in 2012. The primary asset representing a non-fungible tradable blockchain marker was created in 2014 on an experimental basis for the Seven on Seven conferences at the New depository of recent York.

As digital collectibles and creations, NFTs still gain the foremost attention in the crypto community, their potential use cases still increase. They vary from general use cases comparable to digital art and games to fashion, music, academia, tokenization of real-world objects, patents, subscription sales, and sales, as well as loyalty programs. It’s the conjoint potential to mix the benefits of NFT technology with the practicality of decentralised Finance (DeFi). For example, non-fungible tokens will be borrowed and loaned, and that they can be used as collateral to secure a loan.

One space that NFT’s have taken notably by storm is that of the art world, wherever digital tokens are commerce for tens of several bucks at major auction homes and beyond. Budding artists who would earlier publish their work for free or sell it at a low price are realising that they will profit on their talent through the utilisation of blockchain technology and NFT’s. It was during the early days that the spotlight fell on NFTs, when in 2017 a localised application (DApp) referred to as CryptoKitties was launched. Users could buy, trade, and collect virtual cats. The NFT marketplace blossomed, up 300% in 2020, to over $250 million year-over-year (YoY). These corking digital assets have captured the imagination of traders and innovators alike. Moreover, NFT adoption has led to the rise of NFT wallets, upon which NFT transactions have been developed, almost doubling in 2020 and increasing furthermore in 2021.

Non-fungible tokens attract collectors, investors, and traders alike. They are a digital version of a product, e.g. rather than owning the physical product, the official and unique digital version of an item is far more valuable. The same concept applies to NFTs, where the owners of those digital assets, whose proof of ownership is verified on the blockchain, believe that the asset will add to their collection or add some priceless value. This underpins the core value of an NFT. Like the art world itself, NFTs leverage the idea of ​​an author or creative genius who attaches monumental value to an object.

With this price tag, Beeple is among the three most expensive living artists in terms of the amount raised through an auction. And while NFT’s can be found displayed in a museum, like some of Christie’s other famous sales, the owner has the sole right to show off as long as the art can be verified on the blockchain. The story of Beeple is also important because his participation in the world of fine art started when he came across the NFTs, and exhibited to the world how a new artist can gain its name in this era of digital art. For example, CryptoPunk 635, which was part of the group of nine, wears sunglasses and has a blue face, is one of nine portraits of aliens in the lot.

Music NFTs aren’t restricted to owning authentic music from associates in Nursing artists. These kinds of NFTs will serve several functions. For instance, music NFTs can showcase membership to an exclusive fan club, or they might even represent tickets to unlock special Livestream concerts. Music NFTs enable artists to bypass third parties like music studios and streaming apps. Doing so grants artists direct access to their fanbase, similarly to truthful payment. Music NFTs also allow artists to gather royalties from everyone that has ever purchased the NFT. This particular feature accredits artists directly, with royalties entitled from future sales. Not to be beaten, musician Grimes jumped on the NFT bandwagon and made about $ 6 million from the sale of a collection of digital artwork and videos. Its prime item was a video called “Death of the Old”, which is the only one in the existence of its kind. That NFT alone cost about $389,000.

NFTs have additionally left their mark on the cryptocurrency diversion industry, already creating a bearing on the general gaming scene. CryptoKitties was the primary to mix the options of gaming with NFTs in 2017, providing digital cats on the chain and facilitating users to trade with them. The model was so sure-fire that it caused the Ethereum network to be clogged by a high volume of transactions for a brief while. Since then, gaming has become a key use case for NFTs, which isn’t an excessive amount of a stretch given the character of in-game sales for merchandise like skins and a lot of that has already gripped the standard market.

Prehistoric rock paintings date from the Lower Paleolithic or the Old Stone Age between 290,000 BC. and 700,000 BC. Indeed, art has come a long way from cave paintings and rock engravings to digital art with NFT offering creatives new ways to earn income from their work and attract new followers. There the digital artist Mike Winkelmann, alias Beeple, sold one of his pieces – “Every Day: The First 5000 Days” – in JPG format for 69 million US dollars. It was a sign of the times that showed how much the blockchain space has influenced modern art. Once it involves NFT’s, there has been a crossover between traditional diversion firms and decentralised startups, as each side looks to take advantage of digital cards, design, and even fashion on the blockchain.

The foremost obvious beneficiaries would be games that have already got a marketplace. Blizzard’s World of Warcraft, for example, rewards players with distinctive and rare things which will be listed (and several players do with act money). The primary widespread blockchain game was Axie Infinity. Users can think about it as a Pokemon-meets-Tamagotchi performing game. Players began their journey with “axies,” creatures that the player will use to fight against alternative creatures within the game. The sport is both PvE and PvP. This suggests that players get paid whenever they defeat AI creatures, likewise as alternative players. Every creature possesses traits that are distinctive or rare to them. The in-game political economy can get complicated, however, 2 tokens are in use.

The NFT market has achieved abundant growth over an annual period. In 2020, most of the favoured NFT platforms weren’t even around yet, whereas the beginning of 2021 was met with a new surge in activity and trade volume. Although this trend continues at a slower pace, the general rate of adoption of NFT’s can still probably be unprecedented in years to come.

Truthfully, an unknown person’s innovative and appealing digital art piece won’t reach the extent of a craze as celebrities’ creations like Canadian singer Grimes’ ten digital paintings that are oversubscribed for regarding $6 million, NFT releases from Kings of Leon which has generated $2 million in sales, or an exciting NFT which presents Jack Dorsey’ terribly 1st tweet, which has been sold for over $3 million. Of course, there’s space for creators’ concepts here, because it feels like everything digital might be associate degree NFT these days. For example, it could be the planet Wide Webs’ supply code, that was sold out by its inventor, Sir Tim Berners-Lee, within the sort of NFT for $5.4 million, a “high-res inventive representation” of prof George Church’s genetic data, or the information of the primary person to ever sequence their own DNA. Moreover, there is still an area for non-digital tokenized real-world assets, from assets and diamonds to designer sneakers, all of which sell in the form of an NFT.

Whereas nonfungible tokens will be tough to value, options equivalent to uniqueness, tradeability, talent, and whether or not the initial creative person is behind the sale all play into the price. A succeeding wave of the NFT market may see the tokens create their approach into one more craze that has taken the cryptocurrency market by storm: decentralised finance (DeFi).

In the early 1990s Bill Gates, the founding father of Microsoft, commented art would digitise and folks wouldn’t droop on their walls anymore, instead of sticking any masterpiece onto a digital screen on their walls. At the time, this novel plan had Maine terribly excited. Fast-forward to 2021, the second year of the COVID-19 pandemic, and NFT sale volumes surged 1,000%, with people fascinated by mistreatment them in a very multitude of areas: visual arts, videos, music, collectibles, to boost complete awareness, gaming, publishing, carbon commerce, and fundraising. Named as the word of the year by the Collins Dictionary, NFT’s have a few more seasons to release.

The world is moving away from paper to digitised world and NFT could just be the key to filling the gap. Due to the infancy stage, the measurement of NFT growth is difficult but certain indicators like the number of mainnet ERC721 contracts have swelled exponentially as well as the traffic on the newer chains like Polkadot and Solana. It can be used for storing ownership and identification on the chain which results in data integrity and privacy. On the other hand, easy, secure, and trustless transfer and management of assets are possible leading to reduction of friction in the trade and world economy.

And all of them are encoded on the blockchain, where ownership is tracked.

The Rise of NFT Mania

Founded in 2017, OpenSea is the world’s first and largest digital marketplace for crypto collectibles and non-fungible tokens (NFTs).

It allows collectors to buy and sell unique computer-generated images with names like CryptoPunks, Bored Apes and Art Blocks.

The value of these digital images has grown exponentially over the past few years, especially the unique ones.

For example, CryptoPunks are a series of 10,000 computer-generated cartoon images. Each punk has different characteristics, such as skin and hair color, hats or accessories.

Cryptopunks - Digital art NFT

And all of them are encoded on the blockchain, where ownership is tracked.

When the project launched in 2017, the punks were free. An owner only needed to pay a small amount of Ethereum to generate an image in a process called minting.

Today, if you want a CryptoPunk, the cheapest one sells for $70,000 on OpenSea, with the platform taking a percentage of every transaction. The average price of the punks available is 66 Ethereum, or $175,000.

Rare CryptoPunks, such as apes or aliens, have recently sold for $2 million to $3 million on OpenSea.

The recent mania propelled trading volume of all NFTs on OpenSea to $171 million last week. That’s a rise of 338% from the same week last month.

Two weeks ago, the company announced it had raised $100 million in financing from a group of investors that includes actor Ashton Kutcher and basketball star, Kevin Durant. This deal valued OpenSea at $1.5 billion.

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Such volatile changes in price means that sophisticated traders may be able to easily take advantage of fans who have no experience trading cryptocurrencies and digital assets.

Easy Prey

Sports fans have long been easy targets for companies attempting to push addictive activity online. According to Bloomberg, approximately 40% of the English Premier League’s jersey sponsors are gambling companies. And as gambling sponsorships increased, so did the revenue they reaped from new signups encouraged to try online sports betting.

Much of the same principles apply to cryptocurrencies, which sports fans seemed to embrace with a similar appetite and vigor as they do with gambling.

Beyond sponsorship deals, crypto companies such as Socios.com are partnering with major teams from across all sports to create “fan tokens” which are then marketed as a way for clubs to increase online engagement with fans. Sports teams would release official fan tokens, which would then be purchased by fans using cryptocurrencies (in Socios.com’s case, it is through the digital currency Chiliz, which is also developed by Socios.com). Fans who purchase these tokens are given exclusive content such as PSG giving token holders the right to vote on the message placed on the captain’s armband and to choose an inspirational message for the team ahead of the match. It is worth noting that when Lionel Messi signed with PSG earlier this past summer, he was given a “welcome package” of PSG fan tokens worth a reported 25-30 million euros.

Photo by Mattia Ozbot/Inter via Getty Images

Much like digital currencies, fan tokens can be traded at crypto exchanges and face similar volatile price action. PSG’s fan token, which has a market cap of roughly $52 million, soared over 130% in just five days amid speculation over Messi’s arrival to an all-time high of over $60 in August 2021. However, it is currently worth $16.86, a significant drop from it’s all-time high.

Such volatile changes in price means that sophisticated traders may be able to easily take advantage of fans who have no experience trading cryptocurrencies and digital assets.

It is also likely that clubs and sports leagues view fan tokens as an opportunity for increased profits without having to make any physical changes or sell physical merchandise. It also turns fan loyalty into a paid privilege available to an exclusive few willing to invest in it. It is possible that fan tokens could be required for fans to attend events, purchase merchandise, or to even watch exclusive content. In short: fandom may no longer be free in this crypto-dominated future.

The influx of crypto platforms in the sports landscape has also led to an increase in questionable operators attempting to work with major clubs. Manchester City partnered with mysterious crypto-start-up company 3Key Technologies to promote decentralized finance trading analysis as part of the club’ commercial expansion. However, Man City suspended the partnership a week later when it became clear that the company had no digital footprint, online presence or a registered office.

“Prompted by the club’s interactions with 3Key Technologies in recent days, Manchester City is now conducting further enquiries regarding 3Key Technologies and the partnership has been suspended pending satisfactory resolution to all of those inquiries,” a club spokesperson said at the time.

Barcelona FC also canceled a two-week-old partnership with NFT marketplace Ownix, following the arrest of Beitar Jerusalem football club owner Moshe Hogeg, who worked as a consultant on the project. Hogeg was detained on allegations of fraud and sexual misconduct, and continues to deny any wrongdoing.

In the UFC’s case, the organization has managed to avoid any overtly concerning crypto partnerships. However, the organization’s skewed revenue split with athletes ensures that profit from crypto sponsorships are unlikely to trickle down to the fighters.

Gary A. Vasquez-USA TODAY Sports

Unlike the vast majority of sports leagues and organizations, where athletes receive anywhere between 47-50% of the sport’s revenue, the UFC has historically paid out between 16-19% of revenues to its fighters. In 2019, the organization reported $900m in revenue, but only 16% was paid out to the UFC’s approximately 600 fighters.

The UFC’s stranglehold over its fighters led to a half-dozen former UFC fighters filing a $5bn antitrust lawsuit against UFC’s parent company, Zuffa LLC, in December 2014. The lawsuit charges Zuffa LLC with illegally acquiring and maintaining a monopoly over the MMA industry. It claims that the UFC used predatory practices and ran an illegal scheme to eliminate competition, which resulted in fighters being paid “a fraction of what they would earn in a competitive marketplace.”

For example, fighters will not get a direct cut of the UFC’s deal with Crypto.com. However, they will be able to broker individual deals with the cryptocurrency company and be used as paid brand ambassadors. Interestingly, when the UFC announced an expanded partnership with Crypto.com that included an exclusive line of NFTs, it revealed that fighters will get 50% of the revenue from NFT sales.

Despite these small concessions, the UFC’s exposure to the current crypto boom will primarily benefit the organization’s bottom line. UFC fighters are unlikely to make much more money—at least not as much as they could through collective bargaining—while fans are likely to lose money by “investing” in fan tokens and watered-down “digital collectibles.”

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