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 …

Filecoin has officially become the storage collaborator for the Flow Blockchain. Filecoin said in a Wednesday announcement that the move was a part of a push to ensure holders' and issuers' nonfungible tokens (NFTs) are "securely available everywhere." The announcement follows from a previous move in August in which Dapper Labs was working to integrate Filecoin’s storage services with the Flow Blockchain. The collaboration enables Flow users to mint NFTs, leverage InterPlanetary File System (IPFS) content addressing and store tokens in the decentralized storage hosted by Filecoin. According to Filecoin, IPFS content addressing is a solution to location addressing, which …

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 …

Guy Oseary, the manager of musical heavyweights U2 and Madonna has signed a representation deal with Yuga Labs to expand the Bored Ape Yacht Club (BAYC) nonfungible token, or NFT, project into movies, TV, music and gaming. The move from Yuga Labs comes a month after CryptoPunks creators’ Larva Labs penned a representation deal in Hollywood with the United Talent Agency. Oseary adds BAYC to a list of all-star clients which includes, alongside U2 and Madonna, comedian Amy Schumer and the Red Hot Chilli Peppers. Welcome to the club, @guyoseary ! ☠️⛵️ https://t.co/PcUtD67zIF — Bored Ape Yacht Club (@BoredApeYC) October …

FTX.US’s nonfungible token (NFT) marketplace has expanded support to the Solana blockchain, enabling users to trade, deposit and withdraw NFTs that conform to the Metaplex token standard. The United States registered branch of FTX announced the expanded functionality on Tuesday, revealing the marketplace also plans to support Ethereum-based tokens in the near future. The marketplace is open to both U.S. and non-U.S. customers from a long list of jurisdictions, however, New York residents are unable to sign up for the platform. Brett Harrison, president of FTX.US, said that the firm is looking to provide “simpler, safer and easier tools” for …

Yat Siu, co-founder and chairman of nonfungible token (NFT) game developer Animoca Brands, believes NFTs offer a new way for culture to be stored in the virtual sphere. In an interview with Cointelegraph, Siu argued that while the technology underpinning NFTs may be new, the desire to “store culture” has long been with us throughout human history. “We describe NFTs as stores of culture because they embody a moment in history,” he said, adding, “What is art? Art stores culture.” Siu is a Hong Kong-based tech entrepreneur who previously worked at Atari and also founded the Outblaze gaming company. Animoca …

The Bank of America Corporation (BoA) has published a research report offering a bullish outlook for the long-term prospects of cryptocurrency. The report, published on Monday by BoA subsidiary, BofA Securities, offers a nuanced appraisal of the digital asset sector that highlights innovation taking place within the decentralized finance (DeFi) and nonfungible token (NFT) sectors. The report asserts that the cryptocurrency sector’s $2.15-trillion market capitalization is “too large to ignore,” highlighting that the digital asset ecosystem has evolved to encompass “so much more” than just Bitcoin (BTC). The report characterizes the sector as comprising “tokens that act like operating systems, …

An international chess tournament, Meltwater Champions Chess Tour (MCCT), has announced it will mint nonfungible token (NFT) trophies and collectibles to preserve the game‘s most defining moments forever. The winner of the MCCT will be awarded an NFT trophy, marking mainstream crypto involvement from the international chess community. The tournament’s finals will see participation from grandmaster Magnus Carlsen and nine other professional chess players, including Wesley So. According to an official statement, Chess Champs will mint two editions of the Champion’s Trophy NFT, allowing fans to obtain a replica of the trophy through an online auction. Moreover, the company will …

Investors who survived the 2008 financial crisis understand the importance of liquidity. When an economic recession starts, deflationary pressure hits the market, and buyers disappear. Sellers frantically try to sell assets before their prices drop further, but buyers want to de-risk and go into safe-haven assets, such as treasury bonds and money market funds. The lack of liquidity associated with nonfungible assets is the one reason why investors may think they are riskier than cryptocurrencies. When an investor wants to sell Bitcoin (BTC), they can easily sell to an order book of buyers at various price points. If a seller …

Cardano’s daggy dad turns DJ Cardano founder Charles Hoskinson has teamed up with legendary electronic dance music (EDM) DJ Paul Oakenfold to launch a tokenized album on Cardano. Oakenfold is a three-time Grammy Award nominee and his career in the music industry spans back to the early 1980s. His upcoming album dubbed “Zombie Lobster” was announced during the Cardano summit on Wednesday. Every aspect of the album will be tokenized on the Cardano blockchain, including cover art, tracks, sleeve notes and remixes. The album is part of a release from an NFT project named “Starship Universe,” which is operated by …

The floor price of Eternal Beings nonfungible tokens, or NFTs, plunged after affiliated celebrity rapper Lil Uzi Vert deleted his promotional posts about the project. The Solana-based NFT project consists of 11,111 computer-generated alien avatar NFTs that feature similar traits to Lil Uzi Vert, such as hair, tattoos and fashion style. The NFTs were minted at a price of 2.5 SOL, worth roughly $337 at the time of writing. While it is unclear if the popular rapper was on the team behind Eternal Beings or working purely as a paid promoter, the 26-year-old year apparently deleted his promo posts after …