• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Nexo

NFTs In A Nutshell: A Weekly Review

Taylor Scott by Taylor Scott
1 week ago
in NFT
0

Are we in a full-fledged bear market for NFTs? The crypto market at large is certainly seeing turbulence – and undoubtedly more bearish activity than bullish as we creep closer to the mid-point of a lackluster year thus far. However, despite many NFT critics claiming inevitable downfall, there is still booming headlines, and major NFT ‘blue chips’ have retained strength – though the same likely could not be said for young, emerging projects.

Each week, we dive into the past week’s activity in all things NFT. This week, long-time music star Madonna kept the market filled with plenty of dialogue. Let’s review this story and more.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

This Week’s Non-Fungible Token News

Madonna’s Wild NFTs

Long-time pop culture icon Madonna has had her fair share of attention-grabbing moments throughout her career, and this week is seemingly host to one more notch on the resume. After making some noise back in March for purchasing a Bored Ape – joining a growing list of stars to do so – Madonna has made a leap into her own NFTs, courtesy of a new collaboration with massive NFT creator Beeple.

The NSFW “Mother of Creation” NFT, one of the three released, depict a naked CGI Madonna giving birth, delivering a tree emblematic of the ‘seed’ of life. Each week, we feel like we’ve seen it all in this space, and each week we are reminded that we have not.

Instagram Finally Enters The Waters Of Testing NFTs

After months long of chatter, and plenty of underwhelming attempts to engage with crypto through parent company Meta (and in it’s past life as Facebook), social media platform Instagram is finally entering NFT testing phases this week, according to reports.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

A “handful of US creators and collectors who will be able to share NFTs on Instagram” this week according to a tweet from the platform’s CEO, Adam Mosseri. Ethereum and Polygon seem to be immediately supported, with Flow and Solana support expected to follow.

OpenSea Announces New Measures To Combat NFT Dupes

OpenSea is a market leader that has dealt with plenty of challenges and turmoil – to be expected in a nascent industry, and given the platform’s position in the market. New blog posts released from the marketplace this week show that OpenSea is making renewed efforts at spotting NFT fakes as well as verifying accounts, a much-needed focal point of attention for the platform.

OpenSea shared that they will be using a balance of image recognition technology and human reviewers to address fakes, a new copymint protection system, and updates to verification and badging. Hopefully these adjustments can help combat a seemingly growing amount of duplicates and fakes that find their way to the market.

Related Reading | Axie Infinity’s SLP Currency Value Now Almost Zero

Instagram's parent company, Meta, has long struggled with NFTs. Could integration on the social media platform be the momentum that helps push the company's engagement in crypto over the hump? | Source: NASDAQ: FB on TradingView.com

Azuki’s Enter Chaos Mode After Founder Reveals Past Abandoned Projects

Azuki’s have long been seen as a ‘blue chip’ NFT, or certainly quite close. While not quite at the level of the Bored Apes and CryptoPunks of the world, it would be hard to argue that Azuki’s were anything but the next notch down – at worst. That status swiftly took a hit to start this week, as we covered in our Nightly Mint on Monday, following a blog post from the project’s founder.

Scam NFT Attempts Penetrate CoinGecko, EtherScan, And More

A phishing scam, suspected to infiltrate via a banner advertisement, made it’s way to major crypto sites including DexTools, EtherScan, and CoinGecko in recent days – prompting a wallet access pop-up that is malicious.

While impacts aren’t measurable thus far, it could easily be another major hit to the market at large off of the optics alone. The fake pop-up asks users for wallet access in exchange for free Bored Ape NFTs; we’ve entered a new era of scams and phishing attacks.

The Chainsmokers Are The Latest Artists To Release Music NFTs With Royalties

We’ve seen music NFTs come to life over the past year, with a few major artists – especially in hip-hop – enter the fray. This week, however, it’s The Chainsmokers who made headlines after their announcement that they intend to release their “So Far So Good” album as non-fungible tokens, giving fans a cut of the streaming royalties. Next week, 5,000 NFTs will be released for free, and owners will be rewarded with a 1% cut. The NFTs will be based on Polygon. It’s the groups first album in several years.

Related Reading | Twitter Shares Shed 20% As Elon Musk Says $44 Billion Takeover Deal Postponed

Featured image from Pexels, Charts from TradingView.com
The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Taylor Scott

Taylor Scott

Taylor specializes in crypto activity across sports and entertainment. With nearly a decade of engagement with cryptocurrency, Taylor has spent several years working in talent representation with musicians, comedians, and speakers, and achieved a Sports Business MBA in 2020.

Related Posts

Getty Images

Getty Images Teams Up With Candy Digital In Foray Into NFTs

4 days ago
Phishing

Phishing Scammers Steal Hollywood Comedian Seth Green’s Pricey Apes

4 days ago
The Nightly Mint: Daily NFT Recap

The Nightly Mint: Daily NFT Recap

4 days ago
Crypto Corner: The Sports Slice

Crypto Corner: The Sports Slice

6 days ago
Avatars

Avatars For Ukraine – Top Video Game Artists, Celebs Create Poignant NFT Artworks

6 days ago
metaverse

Metaverse Land Value Is Dropping – Should You Buy Now?

2 weeks ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.