Tiffany sells out all 250 NFTs for $50,000 each
Hi fellow Web3 enthusiasts,
A few days ago, Kevin Rose - founder of the Moonbirds NFT Project - announced they were moving their NFTs towards a CC0 copyright license. This action sparked an avalanche of reactions, bombarding it as the number 1 conversation topic in the NFT space. Here is an exciting explainer video of what this means and how it impacts the NFT space.
Another interesting occurrence is the NFT Marketplace Magic Eden, known as the biggest Solana marketplace and now expanding towards Ethereum NFTs. It is interesting on the one hand because it is a great competitor for OpenSea, and secondly because both communities (SOL vs. ETH) don't get along.
Additionally, when I look forward to the next few months, I notice that NFT London and Art Basel Miami are approaching fast. These events will be important for many web3 brands and NFT projects, meaning they might ramp up towards these, resulting in some sort of momentum. We'll see!
— 🩸💀 AMERICAN RADASS
TIFFANY SELLS OUT ALL 250 NFTS FOR $50,000 EACH
American luxury jewelry retailer Tiffany & Co. debuted and sold out all 250 NFTs in about 20 minutes. Each "NFTiffs" sold for 30 ether, or about $50,000, generating some $12.5 million in revenue for the company.
Tiffany's NFTs are digital passes exclusive to CryptoPunk NFT holders, giving them the right to turn their NFT into a custom pendant containing gemstones and diamonds.
The terms of sale sparked some fud about the IP rights, but it looks like it has all been cleared out.
INSTAGRAM EXPANDS NFT SUPPORT
Meta CEO Mark Zuckerberg announced that the company is beginning its international expansion of NFT support on Instagram.
With this expansion, users and businesses in more than 100 African, Asian-Pacific, the Middle East, and the Americas will now be able to share their NFTs on Instagram.
The company also announced that Coinbase Wallet and Dapper Wallet are now accepted as third-party wallets compatible for use. Instagram is also expanding its supported blockchains to include Flow.
MAGIC EDEN TO OFFER ETHEREUM NFTS
NFT marketplace Magic Eden, which generates roughly 90% of secondary trading volume on Solana, will add and integrate Ethereum NFTs onto the platform.
Magic Eden will enable cross-currency purchase support for Solana and Ethereum NFTs so that collectors can purchase NFTs in either Solana or ether and trade more easily using new market analytics tools.
📰 OTHER NEWS FROM THE PAST WEEK
The first execution of the 2D Deadfellaz metawrapping has been revealed by their new integration with Worldwidewebb.
Metaverse and NFT Conference Metaverse Miami has announced its 2022 event will take place on Nov 28-30 at the iconic Eden Roc in Miami Beach.
Gary Vaynerchuk’s VeeFriends closed its seed funding round with a $50 million investment from investment firm Andreessen Horowitz (a16z).
The gaming NFT vertical raised 4x as much capital as any other NFT vertical in H1 2022.
All Rarity Sniper rankings are now natively integrated on NFT marketplace Rarible.
The number of US citizens holding Cryptocurrency has surpassed the number of US citizens with a savings account for the first time.
Tinder has announced a series of decisions, including a step back from its metaverse dating plans. The firm is also scrapping Tinder’s plans to offer in-app Tinder Coins currency.
Yuga Labs said via Meebits' Twitter account that it will immediately begin taking a 5% royalty fee on secondary sales of the pixelated NFTs.
The domain name NFTs.com has sold for a reported $15 million – a price tag that makes it one of the most expensive domain name sales of all time.
Researchers say they discovered a consensus-level attack on Ethereum by miners who're cheating the system to earn more.
✨ NEW IN THE SPACE
British rock band Muse’s upcoming new album will be released as a limited-edition NFT on Serenade. “Will of the People” is Muse’s ninth studio album, scheduled to be released on Aug. 26.
Netflix has built a ‘Gray Man’ Metaverse experience in Decentraland, which allows users to discover Netflix’s new action movie “The Gray Man” from inside the metaverse.
Through its subsidiary Hawk-Eye Innovations, Sony Sports has struck a major deal with blockchain-focused firm NFT Technologies Inc. to bring live sports data to the fast-growing NFT market.
FC Barcelona has sold an NFT for $693,000 that featured Johan Cruyff, one of the legends of this football club.
At select Gucci locations in the United States, customers may now purchase with ApeCoin via Bitpay.
Starbucks will unveil its web3 initiative, which includes coffee-themed NFTs, at next month’s Investor Day event.
Lamborghini has created its first official Discord server to talk about the latest news on super sports cars, tech, design, NFTs, Esports, and so much more.
Following the ticketing fiasco that took place during the Champions League Final, Società Sportiva Lazio is adding blockchain technology to its ticketing system.
Microsoft announced a grant given to StarHeroes, meaning the blockchain-based game now has access to the Azure PlayFab. This is also the first time that a Web3 game has been given such a grant by a major corporation like Microsoft.
💀 HOW TO RECOGNIZE A RUG PULL
The Solana ecosystem appears to be the victim of crypto’s latest exploit, with users reporting their funds have been drained without their knowledge via the internet-connected “hot” wallet Slope.
Otter, a security firm focused on Solana, reported that the Slope’s wallet app sent out users' seed phrases to a centralized server and saved them in the form of readable text. Since the phrases were not encrypted, anybody with access to this specific Sentry server could potentially access users’ private keys.
OTHER POSSIBLE RUG PULLS
Nomad has announced that it has recovered $22 million after it suffered a $190 million hack. Data from Etherscan showed that Nomad had recovered around $22.4 million (11.4%) of the $190 million that was drained during the hack after the team announced a reward.
A leak has revealed that the SEC is investigating not just Coinbase but all U.S.-based crypto exchanges and the world’s largest exchange by volume, Binance, Forbes reported.
The Sandbox has regained control of its Instagram account following a hack, the company said in a blog post.
✨ SECRET TOMORROWLAND NFT SHOW
Tomorrowland festival, which sold out their The Reflection of Love NFT drop earlier this week, organized various "secret shows" during their festival, which were only accessible for their NFT holders.
😂 LAUGH OUT LOUD
🤓 DISCLAIMER: NFA & DYOR
This newsletter is a curated overview of the most exciting things I’ve read the past week, the projects I’ve researched, and the NFTs I’ll be trying to buy.
This means I’m - per definition - biased, so don’t consider this as financial advice and keep doing your own research if you see something you like.