Experts explain how music NFTs will enhance the connection between creators and fans

According to Mike Darlington, the CEO of Monstercat, an electronic music platform, and Jake Udell, the founder of social NFT platform Metalink, bear markets are a time to ideate and build new products. During this week’s episode of NFT Steez, a bi-weekly Twitter Space hosted by Cointelegraph analysts, both Darlington and Udell agreed that the future will be bright for crypto and especially for music NFTs.  During the interview, Darlington and Udell explained the importance of researching projects with “sustainable teams” that continue to build despite the current market conditions…

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Cristiano Ronaldo to get football fans into Web3 with Binance partnership

Football superstar Cristiano Ronaldo has signed an exclusive multi-year nonfungible token (NFT) partnership with crypto exchange Binance. The collaboration aims to introduce soccer fans to the Web3 ecosystem through global NFT campaigns.  In the announcement sent to Cointelegraph, Binance noted that the agreement involves creating a series of NFT collections with Ronaldo. These will be sold on the Binance NFT platform exclusively, with the first collection coming out later this year. Changpeng Zhao, the CEO and founder of Binance, praised Ronaldo’s accomplishments in soccer and mentioned that the athlete has…

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Exploiting sports fans through NFTs won’t lead to a W

In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century. Die-hard sports fans first got a taste of how digital assets could become the next sports memorabilia phenomenon back in June 2020, with the launch of Dapper Labs’ NBA Top Shot Moments nonfungible token (NFT) collection. Since then, the pro sports industry has actively capitalized on the NFT craze. That’s not at all a…

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How Web3 is redefining storytelling for creators and fans through NFTs

Nonfungible tokens (NFTs) have come a long way in a relatively short period of time. In 2017, the NFT project CryptoKitties made headlines as the largest decentralized application on the Ethereum network. While CryptoKitties accounted for a notable portion of Ethereum transaction volume in 2017, these NFTs mainly served as digital collectibles geared toward the crypto community.  It wasn’t until March 2021 when NFT artwork started gaining traction due to the financial potential behind these creations. This was demonstrated when digital artist Mike Winkelmann, also known as Beeple, sold his…

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Archie Comics and Palm NFT Studio want fans to co-create the comic’s future series

American comic book publisher Archie Comics, known for its iconic Riverdale characters, is leveraging the blockchain to develop fan-generated art and stories as well as Archie-inspired NFT collections. Laura Braga and Vincezo Federici, the artists behind the 80-year-old franchise, partnered with Palm NFT Studio, to create a new blockchain-based writer’s room called the “Archiverse: Eclipse.”  Source: Palm NFT Studio According to the company, the Archiverse intends to empower Archie Comics fans to author the brand’s future through generative storytelling. Its writer’s room invites fans to create and submit new storylines…

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How NFTs create a ‘beautiful cycle’ between artists and fans

The nonfungible token art industry has developed into a “beautiful cycle” thanks to the connection artists have with their fans according to artist Danielle Weber who spoke at the Australia Blockchain Week conference.  Weber spoke on a March 23 panel discussion titled “Pushing the boundaries of NFT utility and art – Homegrown spotlight” about the benefits of the nonfungible token (NFT) ecosystem bringing artists closer together with their fans. She highlighted the fact that such closeness provides mutual advantages for both artists and fans: “It’s a beautiful cycle that we’re…

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Non-crypto natives launch social tokens to engage with community and fans

The COVID-19 pandemic, along with other recent events, have revealed the need for a fully digital economy, giving rise to Metaverse ecosystems, Web3 platforms and the adoption of digital currencies.  For example, the Ukrainian government recently reached out to the crypto community on Twitter asking for donations in Bitcoin (BTC), Ether (ETH) and Tether (USDT). Nonfungible tokens, or NFTs, have also gained mainstream adoption as artists and creators across the globe have discovered new forms of monetization with these models. While innovative, these use cases also demonstrate the notion that…

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US bobsledder feels the Bitcoin rhythm and orange pills his fans

Olympic bobsledder Johnny Quinn is the latest sporting celebrity to swallow the orange pill. In a Twitter thread, he shared his best of Bitcoin (BTC) education while welcoming the Bitcoin class of 2022.  As a Class of 2021 #Bitcoin-er, I would like to unofficially-officially welcome the Class of 2022. Buckle up for a legacy impacting journey. First things first: it is critical that you to develop a proper framework regarding #BTC. Attached is your required reading list. Thread — U.S. Olympian Johnny Quinn (@JohnnyQuinnUSA) February 2, 2022 As well as…

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NFT tickets take the stage in 2022, connecting artists and fans

Nonfungible tokens have proven to be successful across a number of industries. From gaming to high-end luxury fashion, NFT use cases have demonstrated the importance of creating lasting connections between a company or a brand and its users/customers. As such, it shouldn’t come as a surprise that the billion-dollar event-ticketing industry is on its way to being disrupted by nonfungible tokens. Specifically, the online event-ticketing sector — which is expected to reach $60 billion by 2026 — will likely see an increase in NFT ticket platforms and marketplaces that issue…

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Rapper Nas to let fans own part of his music through NFTs

Award-winning rapper Nas will release nonfungible tokens (NFTs) that will let his fans own a stake in two of his songs, “Ultra Black” and “Rare.” Users who buy and hold the NFTs, dubbed limited digital assets (LDAs), will get a specific percentage of streaming royalty ownership depending on the token that they hold.  “Ultra Black” comes from Nas’ 2021 Grammy award-winning Album King’s Disease, while “Rare” is from the follow-up 2022 Grammy-nominated album King’s Disease II. The former song will have a limited supply of 760 tokens, while the latter will have 1,110.…

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