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Bulldogs on the Blockchain: Get the Real Puppy for the NFT

Bulldogs on the blockchain: A new NFT that comes with a live puppy is being sold.

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#bulldog #nft #nfts

Finally, we’re seeing NFTs with practical applications. Bullishly Bred, a firm, has initiated an NFT initiative that they claim will make a difference.

The first Bullishly Bred NFTs are a group of nine NFTs that were the first of their kind. Each NFT is based on a real-life French Bulldog. This is a high-end breed. “This creates a new level of dog breeding, properly portraying genealogical heritage on the Ethereum blockchain,” explains Nicole Harrison, co-founder and owner of Ethical Frenchie. This gives the dog breeding community the ability to use an immutable open ledger to confirm a dog’s purity and genealogy.”

The NFT serves as confirmation of ownership and includes a virtual representation of the puppy. You can now purchase NFTs with cryptocurrencies.

A Beneficial NFT

The NFT will incorporate history ownership, medical information, genetic data, a family tree, and pictures, according to Harrison. “This means that if your dog is lost or stolen, the NFT will cryptographically authenticate ownership, provide health information to veterinarians, and prove the dog’s genetic history when breeding.”

However, you can’t just buy the NFT and acquire a dog. “Because it is a living being, a screening step is essential.” Your household and family will be interviewed to ensure that they are ready, responsible, and willing to accept their new furry family member. If it is decided that you are unable to care for the puppy during the obligatory screening (after the auction), the NFT must be transferred or sold. And the new holder will be examined for delivery preparation.”

A flight nanny will schedule a time to hand-deliver the puppy after ownership is confirmed.

One of the NFTs up for grabs during the initial launch.

Bulldogs on the Blockchain: A First in the World

“These are the first canines in history to be acquired with bitcoin, documented on the blockchain, and have cemented historical information that cannot be changed,” according to the business. We chose French Bulldogs because they are one of the most popular breeds in the world, but also one of the most tainted in terms of breeding and registration.”

The NFTs are expected to tackle a long-standing issue, according to the business. The systems for dog breeding and owner registration must be modernized.

“Today, there is fragmentation among the hundreds of heritage kennel clubs and pet registry organizations. Their strict exclusivity has spawned an extensive subculture of shady breeding, encouraging puppy mills and backyard breeders to go underground.”

Inbreeding, genetic deformities, segregation, and theft have all resulted from this condition. With hundreds of different canine registers, the process can be complex.

NFT breeding

Megan Barraford, the new venture’s other co-founder, is a serial entrepreneur. “NFTs have enormous potential,” she argues, “but they are only used for one purpose: speculating.” NFTs provide a system for storing information on the blockchain that cannot be modified and is publicly transparent, among other things. To tackle an issue, we took NFTs and applied them to the pet market.”

For more than a decade, Harrison has been breeding. She believes in ethical breeding and seeks to promote longevity by preventing health problems. “Bullishly Bred intends to create an inclusive pet trade that will enable all breeds to be registered, including designer breeds like the Sheepadoodle and health-tested unusual colors like merle. The NFT project is overhauling the breeding system, making it more open, transparent, decentralized, and welcoming to all dogs and people. This system is permissionless, censored-free, and open to everyone.”

On the blockchain, there are bulldogs? Let’s keep an eye on this!

ART & COLLECTABLES

Ford is getting ready to enter the Metaverse with digital cars and NFTs

A month after the company announced significant personnel reductions, it has filed a trademark application covering its future initiatives in the Metaverse and NFT space.

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Ford Motor Company, an American automaker, has filed 19 trademark applications across its key automobile brands as it prepares to enter the realm of nonfungible tokens (NFTs) and the Metaverse.

Mike Kondoudis, a trademark attorney licensed by the United States Patent and Trade Office (USPTO), disclosed in a tweet on Wednesday that the business had submitted a total of 19 trademark applications covering its car brands, including Mustang, Bronco, Lincoln, Explorer, and F-150 Lightning, among others.

The trademark applications include a projected online marketplace for NFTs and virtual versions of its businesses’ automobiles, trucks, vans, SUVs, and clothes.

Ford intends to produce digital images of its vehicles, SUVs, trucks, and vans that will be verified by NFTs, according to USPTO filings submitted by the automaker on September 2.

The business also disclosed plans for “downloadable virtual commodities,” or “computer programs,” that would include apparel, accessories, and parts for vehicles for usage in “online virtual environments,” such as virtual and augmented reality trade exhibitions.

Additionally, there are plans to develop an online marketplace for “others’ digital artwork” as well as “online retail shop services featuring non-fungible tokens (NFTs) and digital collectibles.”

Less than a month after Ford Executive Chairman Bill Ford and CEO Jim Farley announced significant personnel reductions from its global workforce to decrease corporate expenses; Ford has decided to enter the Web3 area.

Ford isn’t the first automaker to enter the Metaverse market.

While premium automakers like Bentley and Lamborghini have already launched NFT collections, automakers including Nissan, Toyota, and Hyundai have indicated ambitions to enter the fast-expanding Metaverse market.

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ART & COLLECTABLES

Crypto-Vultures Profit from the Death of Queen Elizabeth

Only a few hours after the Queen’s passing, more than 40 meme tokens bearing her name have been released.

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Yesterday, according to Buckingham Palace, Her Majesty Queen Elizabeth II passed away. Although her loss triggered a global outpouring of sympathy and grief, it has also been exploited as a money-grab.

Elizabeth II, monarch
Grift endures eternally, but the Queen is gone.

There are over 40 meme coins on Ethereum and the Binance Smart Chain thanks to Queen Elizabeth’s passing (and at least one exploitative NFT collection).

While the news of the British monarch’s demise saddened people worldwide, cryptocurrency scammers took advantage of the occasion to launch dozens of meme coins with Queen themes on Ethereum and Binance’s BNB Chain.

Among the new crypto coins that were introduced are “Queen Elizabeth Inu,” “Queen Doge,” “God Save The Queen,” “London Bridge Is Down,” “Queen Grow,” “Rip Queen Elizabeth,” “Elizabeth II,” and “Queen Inu II.” Other tokens with the name of the next king, King Charles III, have also appeared. According to DexScreener, at least 40 separate meme coins appear to have been produced in the previous six hours.

The most liquid tokens, Save The Queen and Queen Elizabeth Inu, have already processed trade volumes of around $700,000 and $200,000 since their debut. At the time of writing, the price of Queen Elizabeth Inu is up 1,517%, while it has increased by 23,271% on Binance Smart Chain and 3,708% on Uniswap. Prices are incredibly unstable and exceedingly unlikely to persist.

The “Queen Elizabeth 69 Years NFT” NFT set has reportedly been produced. One image is said to represent each year of the Queen’s reign in the collection. The project’s aims should be questioned because Elizabeth II reigned for 70 years, not 69.

The crypto community, typically known for its gallows humor, mainly reacted negatively to the initiatives. When told about the NFT collection, NFT aficionado ThreadGuy said, “You’re going to hell.” Trader Byzantine General declared, “We’ve got to stop this crypto stuff.”

In 1926, Queen Elizabeth was born. She was the longest-reigning British monarch in history and passed away in Balmoral Castle at 96.

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ART & COLLECTABLES

One crypto sector, according to billionaire Chamath Palihapitiya, is experiencing a classic bubble cycle

One crypto sector may be going through a typical hype cycle, according to billionaire investor and software entrepreneur Chamath Palihapitiya.

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In a new episode of the All-In podcast, the CEO of Social Capital discusses the sharp decline in trading volume in the non-fungible token (NFT) market.

Palihapitiya offers Coachella and Burning Man as examples of major music festivals that strive to be distinctive but may wind up being mostly the same.

The billionaire contrasts NFTs and the overall art market with the two music events.

“I do believe that there is something going on; the simplest way to explain this is with the Burning Man/Coachella scenario. Many of these things are similar, but when some people approach anything new, they are too insecure to accept that it is similar to another item, so they spend a lot of time attempting to convince you that it is different. When someone says that a time is different, it’s probably not that different, as stated in the Warren Buffett quote, is an example. Or consider the other famous historical adage, “Things don’t always repeat in history, but they rhyme.”

All of this is meant to imply that, aside from major advances in science, not much new has been discovered recently. We keep repeating the same patterns, and one of them is the social capital that comes from making certain decisions and then having those decisions validated by others in order to feel valuable. And this occurred in NFTs, as well as, I’m sure, in the initial stages of several artistic movements. These events are more comparable than dissimilar because they have presumably occurred in a number of other markets as well.

Burning man and Coachella are same. The art market and NFTs are both the same. It doesn’t need to be unusual; you can simply appreciate it because you think it’s cool. I would just take it with a grain of salt and tell anyone who comes to you asking why it’s so different.

DappRadar reports that earlier last week, trading volume on popular NFT marketplace OpenSea reached a one-year low.

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