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ART & COLLECTABLES

Bose and Warner Records UK collaborate to provide a unique NFT collection for free

Stickmen Toys, a collection of 5,000 unique, free, utility-enabled, audio-visual NFTs, is a joint effort by Warner Records and Bose to enter the Web3 space.

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Warner Records is the first major record company to grant collectors complete creative and financial independence through copyright ownership.

Rare Stickmen Toys NFTs with Bose themes will be included in the collection. These NFTs can be redeemed for free, one-of-a-kind, limited-edition SoundLink Flex Bluetooth® speakers or QuietComfort 45 headphones from Stickmen Toys. Additionally, all Stickmen Toys collectors will have access to limited-edition Stickmen Toys x Bose goods.

NFTs are a potent extension of the relationship between an artist and their fans since they provide individuals the chance to bet on an artist’s future success while also giving them benefits along the way. We take great pride in being the first big label to offer collectors unfettered ownership of the underlying audio-visual rights. We couldn’t be more delighted to be working with Bose to improve the project. – Seb Simone, Warner Records’ Vice President of Audience & Strategy

Jim Mollica, the chief marketing officer at Bose, continues, “We’re thrilled to contribute distinctive Bose-themed NFTs to this special collection alongside Warner Records and Stickmen Toys. Bose is committed to finding fresh, creative approaches to bringing the power of sound to communities of music lovers that share our enthusiasm. Participating in the rapidly developing Web3 music scene offers a fantastic opportunity to do that.

Together with tech-culture partner Kapsule, Stickmen Toys has created groundbreaking cooperation that combines music, art, and technology. The project collaborates with the forward-thinking Web3 brand Probably Nothing by Jeremy Fall to bring the collection to life.

“NFTs added entertainment to the crypto space. They have rekindled a sense of innocent nostalgia, which is what we wanted Stickmen Toys to represent. We chose to include toys in the Web3 playground because they play a significant role in everyone’s life and because there are no real limitations to what may be made there. On this exciting project, Kapsule leads the creative team and produces incredible art for the neighborhood. – Kapsule’s founder, Joey Tadiar

Jeremy Fall, the company’s founder, adds We are delighted to work with Warner Records. I was drawn to this project because of its distinctive uses of IP rights. Projects that blend music and design are quite uncommon, and you never see them come from large record labels, especially for free. Offering this drop for free is a home run since my goal is to close the gap between Web3 and the next billion individuals that enter the space by properly onboarding them.

The cutting-edge collectibles produced by this creative partnership break new ground thanks to custom generative technology developed by Kapsule, which translates visual art to expertly crafted audio stems. Each Stickmen Toy has a unique track that was created using a range of bass lines, drums, melodies, sound effects, and vocal samples created by The Stickmen Project. The visual art layers are mapped to audio stems using a specially developed algorithmic randomizer, which results in a distinctive character and track.

Possession of a Stickmen Toy has practical benefits as well. As a community member, you may attend live events, Stickmen Toys fashion, physical collectibles, international brand collaborations, and access to upcoming Warner Records NFT projects.

The Stickmen Project, a producer duo, has toured with The Chainsmokers and puts on an immersive live experience that is a feast for the senses and full of audio-visual creativity. Additionally, they have worked with artists including Armin van Buurren, Calum Scott, and Felix Jaehn. Thanks to this project, the Stickmen Project’s fans will be closer to them than ever, which also features a trailblazing move from Warner Records and partners Bose, Kapsule, and Probably Nothing. It will also take them into new musical territory and provide a unique experience.

ART & COLLECTABLES

Fantagio, a K-pop agency, and Crypto.com launch a collaborative NFT venture

Local media reported that South Korean entertainment company Fantagio signed an MOU on Wednesday with cryptocurrency exchange Crypto.com to investigate non-fungible token (NFT) initiatives.

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Quick facts:

  • The agency for K-pop sensation BTS, HYBE, is collaborating with Dunamu, the Upbit exchange company, to introduce an NFT joint venture later this year.
  • According to CoinMarketCap, Crypto.com runs a global exchange for digital assets with trades totaling about US$397 million in the previous day.
  • The Aston Martin F1 Team, UFC, Snoop Dogg, and Boy George are just a few sports and entertainment entities with which the digital asset platform has partnered.
  • Fantagio’s announcement joins a growing list of K-pop management groups working with digital asset firms to expand into the Web 3.0 market.
  • KOSDAQ-listed Fantagio manages South Korean celebrities, including Cha Eun-woo and Ong Seong-woo, and K-pop idols groups like ASTRO and Weki Meki.

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ART & COLLECTABLES

The NFT-backed, limited-edition CryptoPunk pendants from Tiffany & Co.

Tiffany & Co., a high-end jewelry company, will soon start selling non-fungible tokens (NFT), which allow CryptoPunk owners to convert their NFT into a unique pendant adorned with diamonds and gemstones.

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The corporation revealed on Sunday that the 250 tokens are a part of a restricted edition marketing.

The company’s vice president Alexandre Arnault, who owns CryptoPunk #3167, turned his NFT into a pendant and uploaded it on social media in early April, sparking the campaign.

Holders of CryptoPunks will be able to buy one of 250 NFTiff passes enabled by Chain, a blockchain solutions provider, for Tiffany, up to three times per person, allowing them to mint a unique pendant based on their CryptoPunk.

The price of each NFTiff is 30 ETH, which covers the cost of the NFT, the personalized pendant, the chain, and shipping and handling.
Deepak Thapliyal, CEO of the chain, hinted at the change earlier this month on his social media.

According to the firm, Tiffany’s designers will use the 159 hues and 87 features present in the 10,000 CryptoPunk NFTs to match the most comparable gemstone or enamel color.

Each necklace will have at least 30 jewels and diamonds, and the back of each one will be engraved with the CryptoPunk’s edition number. A digital image of the pendant and an authenticity certificate will also be given to owners.

For those who qualify, the sale for the NFTiff will start on August 5, 2022, at 10:00 AM EST.
Tiffany & Co. has joined the plethora of high-end fashion brands making an effort to gain a footing in the web3 space and connect with a new generation of consumers with this move. It announced the release of TiffCoin as an April Fool’s joke before turning it into a real, limited-edition gold coin.

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ART & COLLECTABLES

Landmark NFT ETF Launched by KuCoin, Tracking Major Collections

Bitcoin exchange Through an Exchange-Traded Fund, KuCoin has begun to provide a fractional ownership of prestigious NFT collections.

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The new product offers five NFT ETFs, which KuCoin claims to be an industry first, to minimize the entry-level cost for ordinary investors.

NFTs from the Bored Ape Yacht Club collection is still selling for at least $144 000, despite blue-chip NFTs suffering losses in the current crypto market crash, while the floor price of another important collection, CryptoPunks, is $115721.

From inert to fungible
In partnership with Fracton Protocol, a business specializing in fractionalizing NFTs into fungible ERC20 tokens, the NFT ETFs are being made available. The exchange-traded fund tokens reflect a 1/1000000 ownership stake in the various NFT collections. HiBAYC will be the token that represents a fractionalized ownership of a Bored Ape Yacht Club token. At the same time, the tokens hiPUNKS, hiSAND33, hiKODA, and hiENS4 are present in the remaining four ETFs. The remaining collections are scheduled for later debuts, while the hiPunks collection will go on sale on August 2, 2022. Investors do not need to create an ETH wallet to trade ETFs in the stablecoin USDT.

Launched on Friday, July 29, 2022, the KuCoin NFT ETF.

KuCoin is not the first business to introduce an exchange-traded fund for nonfungible tokens. Defiance, a fintech company, announced opening a comparable marketplace in December 2021. This time, the ETF followed a collection of businesses with interests in the metaverse and the NFT industry.

Despite the winter, KuCoin advances.
The CEO of KuCoin recently had to address recent speculation about the exchange’s possible insolvency that was started by the now-deleted Twitter user 0tteroooo. The narrative was centered on the possibility of exposure to LUNA, a sister cryptocurrency to the defunct stablecoin TerraUSD. KuCoin has denied involvement with the bankrupt hedge fund Three Arrows Capital and cryptocurrency lender Babel Finance.

While companies like Crypto.com, Coinbase, and others have drastically reduced their workforces, KuCoin recently stated that it would hire up to 300 additional employees for compliance, marketing, design, and technical positions.

In May 2022, it completed a Series B investment round with $150 million, valuing the business at $10 billion.
In 207 nations, KuCoin provides spot trading, derivative trading, peer-to-peer services, staking, and lending. The Ontario Securities Commission prohibited it for breaking securities rules.

The company would constantly monitor the NFT market for upcoming NFT product releases, according to CEO Johnny Lyu.

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