Connect with us

Projects

Shanghai Residents Vent Their Frustrations About the Lockdown Into NFT Collections

Residents of China’s largest metropolis are resorting to NFTs to express their dissatisfaction with the prolonged lockdowns, despite a strict censorship system.

Published

on

#nf #nfthours #shanghai #art #lockdown

Residents of Shanghai, China’s largest city with more than 25 million people, are coming up with new ways to express their dissatisfaction with the country’s zero-tolerance COVID regulations.

Simon Fong, a 49-year-old Malaysian freelance designer who has lived in Shanghai for the past nine years, is one.

Based on Mao-era propaganda posters, he started making satirical illustrations depicting life under lockdown last month.

Scenes mocking PCR testing methods and locals’ demands for government food supplies are among Fong’s works.

“I picked the Mao-era propaganda-style for these works because some people are claiming that the lockdown is causing Shanghai to regress,” Fong told Reuters.

The posters, developed in early April, are part of a collection called “Popaganda” on the NFT marketplace OpenSea.

The collection description reads, “In each artwork, there is a distinct story inspired by genuine events that have transpired; however, most are added with a dash of humor.”

Fong noted in an interview with Yahoo! News that his favorite work from the collection is definitely “Stay Negative.”

“It’s pretty basic and straightforward,” he explained. “It’s as if there’s a secret message behind it. But, of course, it depends on how one perceives it because people used to tell you to stay cheerful before COVID.”

Fong has sold ten products in his NFT series so far, with an average price of 0.1 ETH ($287 at current pricing).

The Voice of April

Others in Shanghai have used blockchain technology to express their dissatisfaction.

At the height of Shanghai’s lockdown protests, on April 22, a video titled “The Voice of April” was uploaded to YouTube. It’s a six-minute video montage of people’s voices being heard screaming and wailing from their homes.

Chinese user who goes by the moniker KCPT. GM announced on Twitter that the video had been converted into an NFT and is now available on OpenSea.

“The ‘Voice of April’ video has been converted to an NFT, and its metadata has been frozen. On the IPFS, this movie will be available in perpetuity “KCPT.GM was the author of this piece.

The InterPlanetary File Sharing Service, or IPFS, is a decentralized peer-to-peer network that backs up data and web pages by distributing them over several nodes.

China, Crypto, and NFTs

While China prohibited cryptocurrency trading and Bitcoin mining last year, it still sees blockchain as a promising technology, with a special focus on the NFT industry.

The state-backed Blockchain Services Network (BSN) was rumored to work on permissioned, non-public blockchain technology that would permit the issuance of NFT-style assets.

The platform, on the other hand, does not take cryptocurrency payments and does not enable NFTs generated on public blockchain networks like Ethereum and Solana.

Instead, the network will only accept the Chinese yuan for collectibles and platform fees, all under the government’s watchful eye.

Projects

To accelerate ecosystem growth, Fireblocks introduces Web3 Engine with developer tools

This set of tools is intended for developers working on DeFi, GameFi, and NFT products and services.

Published

on

Fireblocks, a digital assets custody platform, announced the debut of their new Web3 Engine to assist encourage the development of the Web3 ecosystem as the world moves closer to a decentralized future.

The dedicated Web3 engine contains a set of tools for developers to create goods and services in decentralized finance (DeFi), GameFi, and nonfungible currencies, the business revealed on Tuesday (NFT). For alternative asset managers and capital market participants, Fireblocks has opened up a world of decentralized programs (DApps), exchanges, NFT markets, and more.

“Web3 is the future,” Fireblocks CEO Michael Shaulov said, adding that “the Internet has already entered a new era.” According to Shaulov, in order for the Web3 ecosystem to continue to grow, the community must address a major issue: security.

Fireblocks’ new Web3 Engine, according to the announcement, makes it simple for developers to build DApps on top of Fireblocks’ tech stack or securely access the entire spectrum of current web3 apps. Web3 companies such as Animoca, Stardust, MoonPay, Xternity Games, Griffin Gaming, Wirex, Celsius, and Utopian Labs use Fireblocks to secure themselves from human mistake and hackers.

Web3 has sparked a lot of interest in the sector, as evidenced by the rise in market capitalization of Web3 coins in recent years. It’s an ecosystem that everyone can access from anywhere at any time, with no restrictions or middlemen. Many large corporations have made considerable investments in Web3’s potential.

Google Cloud has formed an internal team focused to developing services for blockchain developers and Web3-based application operators. With Metaverse involvement and NFT enthusiasm, industry titans like Meta and Amazon have entered the market. Square Enix, the gaming behemoth, recently announced that it would spend heavily in Web3 gaming.

Continue Reading

Projects

Is Fender quietly getting ready to enter the NFT market?

In order to preserve or launch its brand in web3, Fender has filed various NFT-related patents and trademark applications in the United States.

Published

on

Fender, a well-known guitar manufacturer, has filed three patents related to NFT with the US Patent and Trademark Office.

When it comes to developing, selling, or buying NFTs with the Fender brand name, the patents would suggest a purpose to make or protect its brand.

Fender filed a series of trademark applications linked to its headstock design in possible NFTs, according to GuitarWorld, including NFT collectibles, virtual products, pictures, artwork, video, and audio recordings featuring music and musical instruments.

Mike Kondoudis, a trademark attorney, noticed the application to the US Patent and Trademark Office, which was filed on April 28.

Source: Twitter

Fender isn’t the first guitar company to think about using NFTs. Billboard reported in January that Gibson, the legendary guitar brand and Fender rival, was preparing to join the NFT industry with six trademark applications connected to NFTs and digital goods.

Big brands, from Adidas to Gucci, have been fast to experiment with NFTs and the Metaverse as two new distribution channels. They’re still figuring out where they belong in the virtual worlds.

NFTs are being used by musicians to reinvent fan involvement

NFTs and the Metaverse are being used by many established bands and brands to redefine how they communicate with fans. Additionally, musicians that rely significantly on in-person concerts as a fundamental income source will find the revenue streams and royalties available by the sale of NFTs appealing.

Music producers and platforms such as Audius, DAOrecords, and TokenTraxx are collaborating with musicians to demonstrate the possibilities of Web3 technology and allow fans to be creative using NFTs.

As famous guitarists get involved in the NFT realm, guitar brands are naturally interested. Keith Richards sold one of his beloved guitars with an exclusive 1-of-1 Tezos blockchain NFT produced for $57,600 in January of this year. The guitar, as well as a digital replica in the shape of an NFT and a video of Richards signing the guitar, were all up for auction.

Since the beginning of the year, the number of NFT trademark applications has increased dramatically, with 3,306 applications filed between January and April.

Source: Twiter

Despite the applications, Fender has yet to reveal its plans for NFT.

Continue Reading

NFT

According to Music Ally, Spotify has begun testing NFTs on its platform

If a trial deployment goes well, artists may soon be allowed to market their non-fungible tokens (NFTs) on Spotify, according to Music Ally.

Published

on

Spotify, the most recent tech business to join the NFT bandwagon, entered the web3 world earlier this month with the introduction of “Spotify Island” on Roblox on May 3. Spotify will now test NFTs on the platform to specifically selected US consumers, starting with a single trial selection of artists, including Steve Aoki and The Wombats.

Users will have to purchase NFTs through an external marketplace, thus they won’t be able to sell them directly. As part of the trial, Spotify has stated that it will not take a portion of the sales.

Simultaneously, customers have stated that Spotify is sending out surveys and even paying some people to talk to team members about their feelings regarding NFTs and web3. Questions concerning sentiment, cryptocurrency purchases, and why people acquired NFTs have been circulated on Twitter. Some poster responded with mockery to the queries.

Since March, when Spotify placed two job offers for working on early-stage web3 projects, rumors have circulated that the firm was interested in entering the web3. The announcement comes only days after Meta revealed that it would begin testing digital collectibles and NFTs on Instagram as well.

By the time of publication, Spotify had not responded to a request for comment from The Block.

Continue Reading

Trending

bitcoin
Bitcoin (BTC) $ 30,246.00 2.41%
ethereum
Ethereum (ETH) $ 2,068.20 2.98%
tether
Tether (USDT) $ 1.00 0.11%
chiliz
Chiliz (CHZ) $ 0.117424 2.58%
enjincoin
Enjin Coin (ENJ) $ 0.724657 2.12%
decentraland
Decentraland (MANA) $ 1.19 1.01%
flow
Flow (FLOW) $ 2.99 4.57%
the-sandbox
The Sandbox (SAND) $ 1.36 2.22%
wax
WAX (WAXP) $ 0.127628 2.83%
ecomi
ECOMI (OMI) $ 0.001610 3.45%
terra-virtua-kolect
Terra Virtua Kolect (TVK) $ 0.039796 3.27%