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Deadmau5’s ‘Head5’ NFT Collection Will Be Used in the Metaverse

The Canadian musician collaborated on an NFT collection with Nick “Smearballs” DenBoer, the creator of the music video for “Pomegranate.”

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#deadmau5 #nft #collection #metaverse

With his new NFT collection, “head5”, electronic music producer Joel “deadmau5” Zimmerman takes a step farther into the metaverse. On Monday, deadmau5 and his long-time colleague Nick “Smearballs” DenBoer will sell 5,555 NFTs minted on the Polygon blockchain through head5.io.

At the time of publication, the 3D head-shaped NFTs will cost 0.15 ETH each, or around $680.

The head5 collection was inspired by Smearballs’ last year’s “Pomegranate” music video for deadmau5, which showcases a 3D surreal universe where characters with various animal heads race against one other in flying cars that can grow legs and wings.

“I believe it all started because we both got into NFTs last year,” Smearballs explained, “and the idea was to kind of expand upon the universe we constructed starting with the ‘Pomegranate’ video I produced in 2020.”

Smearballs, whose moniker is derived from the artist’s site, has been working with deadmau5 for almost six years. He’s assisted him with three music videos and visual art that plays during deadmau5’s gigs.

Deadmau5 has been actively involved with more than six NFT projects thus far, according to Chloe Janicki, NFT marketing manager for deadmau5’s label Mau5trap, and at least a dozen have included deadmau5 branding. Deadmau5 launched deadmau5: Series 1, a deck of NFT cards that sold out in less than 36 hours last year. He issued Series 2 in August, allowing collectors to mint an NFT card that includes two tickets to a deadmau5 event.

One of the most valuable deadmau5 NFT cards was sold for $10,000, with others for over $4,000.

The head5 NFTs, unlike the cards, are 3D heads ready for deadmau5’s next adventure: the metaverse. They are inspired by Smearballs’ vibrant and wild art style. Ice cream coneheads, lollipops, plungers, nose rings, and a unique Bitcoin-inspired texture will be available for purchase.

Each head comprises four different parts: the skull, eyes, ears, and mouth. Smearballs generated 200 assets for the collection, with a few surprises thrown in for good measure. For example, he blended in “five jokers, like a deck of cards” with unique features that won’t appear on other NFTs in the collection when developing the NFTs.

“I’m looking forward to seeing how the scarcity plays out and which ones collectors respond to. It was our first time working on a generative script, so there were a lot of iterations and rule-making to guide the algorithm and art-direct the pairings,” Smearballs explained.

In addition to the 3D model, buyers will receive a 4k rendered image. Furthermore, collectors will be able to inspect their NFTs using a custom-built 3D viewer, which will allow them to modify the background color and take more photos.

Collectors can connect their NFTs to the platform’s 720+ metaverse integrations thanks to a partnership between the head5 collection and Ready Player Me, a 3D avatar creation tool. In addition, head5 collectors will utilize their NFTs as avatars in various virtual reality video chatting apps, including VR Chat, Animaze, and MeetinVR, thanks to Ready Player Me.

Smearballs stated, “Our goal is to make these avatars work in as many places as possible.”

The head5 presale will commence on November 15 at 2 pm EST and will be open to all owners of prior deadmau5 NFTs; the main sale will follow at 3 pm EST.

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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