NFT News Today April 22nd 2022 What You Need To Know

NFT news today April 21st 2022 and what you need to know can be accessed below:

What are NFTs?

NFTs are: Nonfungible tokens, or NFTs, are verifiably unique digital and physical commodity representations.Each NFT is unique in terms of its composition, and thus in terms of its worth.

iexclusivenews Nigeria has compiled the latest news on NFT News Today making rounds this week.

AUSSIE MEDIA COMPANY GOES ALL IN ON NBA FAN ENGAGEMENT WITH NFTS

Australian media company Basketball Forever has announced an NFT project titled Hoop Hounds which seeks to increase NBA fan engagement and provide substantial real-world utility for the tokens. Critics of NFTs have consistently taken aim at the supposed ineffectual nature of the tokens, with “right click save” memes doing the rounds. However, more recently there has been an uptick in utility-focused NFT projects, such as Bored Ape Yacht Club and Top Shot, where holders are provided exclusive access to real-world events and products. Read More.

CRICKET NFT STARTUP RARIO RAISES $120M IN SERIES A FUNDING

On Thursday, cricket nonfungible token (NFT) platform Rario announced that it secured $120 million in Series A funding in a round led by Dream Capital, the venture subsidiary of Dream Sports. As told by Rario, it currently has the largest share of cricket NFT rights via partnerships with six international cricket leagues and a roster of over 900 cricketers. Read More.

LIMEWIRE RAISES $10 MILLION IN PRIVATE TOKEN SALE TO GROW MUSIC-LINKED NFT PLATFORM

LimeWire has raised $10.4 million in a private token sale led by Kraken Ventures, Arrington Capital and GSR as it builds its platform for music-focused NFTs. iexclusivenews reports that the fundraise was launched on Thursday, just over a month after the corporation announced its plans for a comeback. LimeWire sprang to prominence in the 2000s as a location to get music and other items that weren’t available through traditional channels. Read More.

WILDLIFE CONSERVATION EFFORTS TURN TO NFT-FUNDED INITIATIVES

Digital twin nonfungible tokens, or NFTs, aren’t just reserved for consumer products anymore. Netherlands-based decentralized carbon credit exchange Coorest and conservation consulting firm PLCnetwork of the Southern Hemisphere teamed up to tokenize individual real-world endangered animals at game reserves and privately owned conservation areas in Africa. These wildlife NFTs enable holders to sponsor an elephant, lion, cheetah or rhino. Profits from the sales will go toward food, shelter and security for the animals they represent. Read More.

BEATHEADZ MUSIC NFTS FROM ALOE BLACC AND PHILIP LUMBANG

Grammy-nominated recording artist Aloe Blacc and renowned LA street artist Philip Lumbang have teamed up for the launch of the debut “BeatHeadz” collection, at crypto.com/nft on April 21. The generative profile picture (PFP) collection will consist of 10,808 headphones-adorned avatars and will feature accompanying beats that the team will later airdrop to collectors. Read More

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COINBASE ANNOUNCES BETA OF NFT MARKETPLACE WITH SOCIAL ENGAGEMENT

Crypto exchange Coinbase’s nonfungible token (NFT) marketplace has moved into beta more than six months. After the company announced it planned to open a waitlist for the site. According to a Wednesday blog post, the crypto exchange said beta testers for Coinbase NFT would be able to create online profiles as well as buy and sell NFTs. In a Tuesday press briefing, Coinbase vice president of product and ecosystem. Sanchan Saxena hinted the design of the marketplace would be a cross between a social media platform and other NFT marketplaces like OpeaSea. Read More

JJOHNSON AND JOHNSON: ENTERING THE NFT ECOSYSTEM

A leading global healthcare company, Johnson and Johnson, has taken exciting steps to protect its brand assets in the virtual space by filing a trademark application. The main product they intend to cover with the trademark application is the antiseptic mouthwash LISTERINE. However, other brand products such as gums and mints are included in the list of items the trademark will cover. Read More

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METAMASK APPLE USERS TAKE NOTE OF ICLOUD PHISHING ATTACKS

MetaMask has issued a warning to its users making use of Apple devices like the iPhone, iPad, and Mac to disable iCloud backups to prevent phishing attacks. MetaMask made this known in a recent tweet where the company shared that encrypted passwords for users’ crypto accounts. Known as MetaMask vaults, are automatically uploaded to Apple’s cloud service if the iCloud backup option is enabled on the app. Read More

 HYUNDAI ZOOMS INTO THE NFT SPACE

Hyundai Motor Company announces its first NFT collection will debut in May. The announcement came in the form of a short film released on the company’s official website. The film introduces the concept of Hyundai’s NFT universe, the “Metamobility Universe,” reflecting the company’s vision of the” Metamobility” concept, initially revealed at CES 2020. With this announcement, Hyundai is well on its way into the history books. Read More.

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EMIRATES AIRLINES EXPLORES NFTS

The United Arab Emirates national carrier, Emirates Airways, is the latest big name to delve into the NFT and Metaverse space. The powerhouse Middle Eastern airline announced that the first project featuring a series of collectibles and utility-based NFTs is already underway. This news shouldn’t come as a surprise, given that the airline has a reputation for consistently creating innovative experiences for its customers. Read More

ANIMOCA BRANDS BUYS MAJOR STAKE IN AUSSIE DIGITAL SERVICES AGENCY

NFT investment giant Animoca Brands has acquired a major stake in Australian digital marketing agency Be Media. Be Media has locations in Perth, Melbourne, and Sydney and has provided Web2 firms with advertising and digital strategy since 2013. While the company isn’t geared up towards the crypto sector, the investment seems to be a part of Animoca’s immediate aim to “shepherd companies into Web3.” Read More.

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MOONBIRDS FLY INTO NFT TOP SPOT WITH $290M SOLD IN FOUR DAYS

The freshly launched Ethereum-based Moonbirds NFT project is soaring to the top of the trade volume charts after generating $290 million worth of sales in just four days. There are 10,000 computer-generated pixel owl avatar NFTs in total, which were promptly sold out on April 16 for a mint price of 2.5 Ether (ETH) per NFT, or $7,700 at current prices. The floor price (minimum average sale) has since exploded on secondary markets, with OpenSea currently showing a hefty sum of 18.45 ETH ($56,800). Read More.

NFTS OFFER ASTRONAUTS ‘NEW OUTLET’ TO SHARE EXPERIENCES, SAYS SPACEMAN SCOTT KELLY

After celebrities, athletes and politicians jumped into the nonfungible token (NFT) mania, the growing industry has pulled in a veteran astronaut to share his time in space through NFTs. In a Cointelegraph interview, Scott Kelly, a retired United States astronaut, shared that he has a “growing curiosity” about blockchain technology and NFTs. According to Kelly, he has been keeping an eye on blockchain for six years and has seen its potential. Read More.

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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. Read More

LOUIS VUITTON GAMING NFTS

Louis Vuitton introduces PFP-inspired NFT rewards in its Louis: The Game app, allowing players to win NFTs while learning about its history. Luxury fashion brand Louis Vuitton has introduced PFP-like NFTs into its mobile gaming app Louis: The Game. This is coming barely a year after launching the stand-alone mobile app game that allows players to learn about the 200 years of history of the brand. Introducing the PFP NFT rewards incentivizes the whole gaming process further and drives popularity. Read More.

ADOBE BEHANCE NOW SUPPORTS SOLANA NFTS

Adobe Behance users can now showcase Solana (SOL) nonfungible tokens (NFTs) on their profiles. As users can now connect their Phantom wallet to their Behance accounts. iexclusivenews reports that Phantom is a Solana wallet built for decentralized finance, or DeFi, applications as well as for NFTs. QuickNode, a Web3 infrastructure platform, helped build out this feature with Adobe on Solana. Read More