Software giant Adobe is trying to make it easier for nonfungible token, or NFT creators to prove they are the artists behind their work by linking social media profiles and crypto wallet addresses. In an Oct. 26 announcement, NFT marketplace Rarible said it would be partnering with Adobe, allowing token creators to display the software company’s Content Credentials to verify the authenticity of the digital content. According to Adobe, this feature can add an NFT creator’s wallet address and social media information to the Content Credentials metadata of tokens listed on Rarible, helping “to fight misinformation with attribution and verifiable …

NFT marketplace SuperRare has set a new monthly record of $31.4 million for total sales volume with a week to spare until the end of October, according to Dune Analytics. SuperRare is a single-edition Ethereum (ETH) NFT marketplace, where collectors can purchase a blockchain deed of ownership for digital items such as memes, videos or artworks. The monthly sales record was previously $29.5 million in March, with 929 active collectors purchasing 3,179 artworks. The average artwork price ranged between 3.0 and 5.5 Ether, or about $12,600 to $23,000. Despite reaching a higher total sales volume this month, SuperRare has half …

Open source blockchain analytics firm Moonstream published a report, which found that around 17% of addresses control more than 80% of all nonfungible tokens (NFTs) on Ethereum. The report was published on Oct. 21 and the analysis was conducted on more than seven million NFT transactions on the Ethereum blockchain between April 1 and Sept. 25, 2021. The report found that whales, NFT platforms and exchanges, which comprise the top 16.71% of all addresses, own 80.98% of NFTs on Ethereum. The remaining 83.29% of NFT owners were only able to snap up “a handful of tokens'' during that time frame. …

Playboy to release tokenized bunnies into the wild PLBY Group Inc, the owners of the raunchy lifestyle magazine Playboy, unveiled a new nonfungible token (NFT) project consisting of 11,953 unique 3D animated bunny avatars. According to a Wednesday announcement, the number of NFTs pays homage to Playboy’s founding year of 1953, and the tokens will serve as “keys to a reimagined Playboy Club,” which gives the owners access to exclusive events, content and merchandise. The launch of the Ethereum-based NFTs begins on Sunday, with a pre-sale for whitelisted investors until Tuesday. Two public sales launch the following day, one for …

Nonfungible token (NFT) marketplace Rarible has introduced a new functionality titled “lazy minting” that promises users the ability to create nonfungible tokens at zero cost — all while enhancing environmental sustainability on the platform. Instead of the traditional method whereby data is stored on the blockchain immediately after minting, Rarible announced Monday that, under its new program, NFTs are “minted not at the moment of creation, but at the moment of purchase. It’s the buyer who pays the gas fees when purchasing the item.” In this case, data will be stored on a decentralized peer-to-peer storage system called IPFS. Amid …

Prestigious auction house Sotheby’s has launched a new Metaverse-themed nonfungible token (NFT) platform. The platform is dubbed “Sotheby’s Metaverse” and was announced alongside the “Natively Digital 1.2: The Collectors” (ND1.2) auction that will run between Monday, Oct. 18 and Tuesday, Oct. 26. The auction consists of 53 lots of tokenized art from the vaults of 19 curators. Welcome to Sotheby's Metaverse. https://t.co/hZvYIkO3xx pic.twitter.com/9Wl9fUwibe — Sotheby's Metaverse (@Sothebysverse) October 14, 2021 The list of curators includes some top collectors in the NFT space such as PleasrDAO, Pranksy and 888 along with crypto-friendly stars such as DJ Steve Aoki and self-described “Boss-Babe” …

There have already been more than 1 million sign-ups for Coinbase’s nonfungible token (NFT) platform since the waitlist went live on Tuesd. Coinbase opened up the waitlist via a blog post announcing its upcoming NFT platform, which is slated to launch later this year. The platform, dubbed “Coinbase NFT,” will initially support the Ethereum-based ERC-721 and ERC-1155 token standards, with plans to expand support to other blockchains in the future. At the time of writing, there are almost 1.1 million people waiting for early access to the NFT platform. Sanchan Saxena, vice president of product at Coinbase, tweeted that the …

Major crypto exchange Coinbase has announced that it will be opening a waitlist for a nonfungible marketplace it will launch later this year. In a Tuesday blog post, Coinbase vice president of product and ecosystem Sanchan Saxena said the nonfungible token, or NFT, marketplace would allow its users to mint, purchase, discover and showcase Ethereum-based tokens. According to Saxena, the offering will allow creators to maintain control of their artwork “through decentralized contracts and metadata transparency,” with all NFTs on-chain. The Coinbase announcement comes following crypto exchange FTX and its United States-based subsidiary introducing a marketplace wherein users are able …

Whether it’s baseball players or shiny Pokemon cards, collectibles have been a cultural mainstay in human behavior since the Renaissance. Memorabilia from famous films or items of clothing worn by a celebrity can be auctioned and sold for eye-watering amounts. Take the prototype Batmobile from the 1960s Batman TV show, it was sold for $4.2 million. With collectibles, the concept itself is simple: An item has value based on its scarcity. The less of it there is, the more it’s worth. It is this concept that is the driving principle behind the explosive growth of nonfungible tokens (NFTs). Largely bought …

When used correctly, healthcare data can save lives and improve quality of life. Unfortunately, the current process by which healthcare data is accessed can be challenging since many participants aren't willing to comply. It is also expensive for smaller organizations. The result is that delivering life-changing medicine is only possible for larger organizations, although it does take time to collect the required data. In time-sensitive situations, this can cost people their lives. As a result, companies and governments worldwide actively seek better ways to gather medical data for research. On the other side, medical associations must be careful in their …

Twitter user Lauren Walker tweeted a message claiming she was “stealing” nonfungible tokens (NFT), only to have Crypto Twitter turn around and mint her words into a token listing for thousands of dollars. In a Saturday post on Twitter, Walker mockingly said her current collection of NFTs was valued at more than $8 trillion, given that she claimed she has right-clicked on the images and saved them to her drive. The message ignores the verifiable scarcity underpinning tokenizing images and artwork, but Walker said she had “a real job” and dismissed criticism from the community. i have stolen over 4 …

Following a $680-million funding round, nonfungible token (NFT) marketplace Sorare is looking to be an active player in bridging the gap between sports and digital entertainment. Now valued at $4.3 billion, Sorare told Cointelegraph that the company plans to use the fresh capital to expand its business with new hires and partnerships, as well as support community-led programs. Besides working with community-led football programs aimed at helping young people from disadvantaged backgrounds and backing underprivileged entrepreneurs in sports and gaming, Sorare CEO Nicolas Julia explained via email that the NFT unicorn would also support female representation in sports. He said: …