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ART & COLLECTABLES

Tyson Fury is the first boxer to release an exclusive NFT collection.

Will the Gypsy king dominate on NFT field as well?

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Photo: Google image

Tyson Fury, the lineal heavyweight champion boxer who has a lot of interests outside of boxing, is launching a premium collection of non-fungible tokens, including playing cards and memorabilia, in partnership with artist George Rollo and Fomo Labs.

Fury’s remarkable boxing career has taken many twists and turns. In November 2015, he delivered a masterclass performance against then-heavyweight champion Wladimir Klitschko, which catapulted him into the international spotlight. Klitschko had been the champion for ten years, and several people had written Fury off. After achieving so much so young and having a desire to do more that could not be met at the time, in addition to a less than positive response from the British media, Fury’s struggles with depression and drug abuse became very public in the years that followed this historic victory.

A warrior at all times Many of these afflictions were overcome by Fury, who cleared his name in the media, dropped eight stones in weight, and returned to boxing to face WBC champion Deontay Wilder, with the first fight resulting in a draw and the second ending in a decisive win for Fury. Fans have been a major part of Fury’s life, and he has been very accessible and frank about his struggles, appearing on many talk shows and writing a series of best-selling books. Fury’s management team, Gold Star Promotions, has teamed up with Fomo Labs and George Rollo to produce NFT memorabilia, hoping to use emerging technologies to offer select fans an even more exclusive way to share in his journey.

The artist who put the piece together, Rollo, has a distinct style that mixes culturally specific themes with popular culture. He’s collaborated with artists including Drake and 50 Cent and designed a host of high-end bespoke pieces. As grateful as Rollo is for the opportunities he’s had so far, integrating blockchain technology with NFTs and collaborating with Tyson Fury is the “highlight of my career,” he says.

The tokens will be created by Fomolabs, a company that creates new ways for content creators to communicate with their audience, and the NFT will be listed on an exchange. Their team consists of people who have founded and worked with a variety of successful companies in the past, including areas such as cryptocurrency, technology & development, marketing, and global partnerships.

The first NFT in this collection will be released in the next two weeks, and the winner of the auction will receive both the digital and original piece of artwork produced by Rollo, which will be signed by Tyson Fury in an exclusive video.

ART & COLLECTABLES

In June, the volume of Ethereum NFT trading decreased by 70%, although sales remained stable

Although there is less money in NFTs, sales haven’t really slowed down.

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Despite the negative market, there is some good news regarding NFTs.

According to Nansen data, the overall amount of Ethereum NFT trades has decreased by 55% over the past month, falling from 1.3 million ETH to roughly 584,000 ETH. In terms of US dollars, that represents a decline of about 70% from just under $2.6 billion to about $672 million.

Over the past month, Ethereum’s price has decreased by around 43%. But because “blue chip” NFT prices haven’t increased to make up for it, fewer transactions are taking place.

Bored Ape Yacht Club NFT prices are still circling about 100 ETH among the top five listed NFT collections on OpenSea, with average ETH prices having essentially remained unchanged. The exception is CryptoPunks, whose buy-in floor pricing increased by 48 percent in part as a result of Christie’s head of digital sales taking over as the Punks’ new brand lead this month.

The unique blockchain tokens that represent ownership over digital art are still being bought and sold by NFT traders; they’re just purchasing less expensive tokens and “aping” into free mints like Goblintown, which launched a wave of free-to-mint NFT collections centered around bodily waste, nihilism, and memes.

According to data from CryptoSlam, the typical sale price for an Ethereum NFT dropped from $2,463 in May to barely $703, a 71% reduction. While a result, NFTs are often more expensive to buy as the crypto bear market persists.

OpenSea reported 1.478 million NFTs were sold on its platform in May. As of Wednesday, 1.476 million NFTs have been sold in June, thus it’s entirely probable that this month will see an increase in NFT sales over May. The Otherside NFTs from Yuga Labs, which saw $561 million traded in just one day, also significantly helped May’s results.

According to Dune data, the total number of registered users who have completed at least one transaction on OpenSea’s marketplace increased by a modest 6.5 percent. With a 16 percent drop from roughly 422,000 to 354,000, the number of active traders for Ethereum NFTs has only marginally decreased.

Nansen data show that there hasn’t been much of a reduction in the number of weekly active NFT projects that are seeing revenues. Three NFT collections‚ÄĒthe same number as last month‚ÄĒhave seen more than 10,000 sales. Only 30% fewer collections this month‚ÄĒfrom 109 to 76‚ÄĒsaw more than a thousand sales in a given period. Therefore, NFT designers are still making sales, especially in collections with the biggest market caps.

Consequently, traders are still making trades even though overall volume may be down 55 to 70 percent in ETH and USD, respectively. Despite the fact that they are currently buying and selling for less, it appears that NFT aficionados still have hope.

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ART & COLLECTABLES

GIVENCHY PARFUMS, AMAR STUDIO, REWIND COLLECTIVE & VEVE REUNITE FOR THE CREATION OF AN NFT IN SUPPORT OF THE LGBTQIA+ CAUSE FOR PRIDE 2022ÔŅľ

Fashion House, Artists and NFT Platform Team Up Once Again for Pride Month

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PARIS,¬†June 23, 2022 ‚Äď To mark Pride Month this year,¬†Givenchy Parfums¬†states its support for the LGBTQIA+ cause by reuniting with LGBTQIA activist Amar Singh, artists Rewind Collective & NFT platform¬†VeVe, the largest mobile-first digital collectibles platform, for the release of a new digital collectible to be sold for charity¬†releasing on Wednesday, June 29 at 12 p.m. PT. The release of the digital artwork, Pride II by¬†Rewind Collective, will be sold¬†for the benefit of the¬†Le MAG Jeunes¬†association,¬†on VeVe‚Äôs digital collectible platform, available to download on the¬†App Store¬†and¬†Google Play.

Drawing inspiration from the House’s Prisme Libre, combining four shades of colors, as well as the Rewind Collective’s Pixelated Heroes series, this original virtual artwork is being sold on VeVe in a limited series of 1952 editions. After the sale, the proceeds will be entirely donated to the Le MAG Jeunes association.

Titled ‚ÄúPride II‚ÄĚ, the artwork created by Rewind Collective for Givenchy Parfums is a series of animated portraits symbolizing diversity, the assertion of identity, and the fight for equal rights. Innovative photos, which the collective reinterpreted digitally in the colors of the Rainbow Flag, expres Givenchy‚Äôs commitment to a more diverse, more inclusive, more universal kind of beauty.

Through this initiative, Givenchy Parfums, Amar Studio & VeVe are proud to support Le MAG Jeunes (Movement for the Assertion of Young Gay, Lesbian, Bi & Trans people), a French association founded in Paris in 1985. Amar Singh continues to lead India’s national effort at the supreme court to abolish LGBT+ conversion therapy.  Aimed at the LGBTQIA+ young population (15 to 30), Le MAG Jeunes focuses on support and accompanying: it carries out awareness-raising missions in schools, offers cultural and educational activities, and provides psychological support to all those who need it. It also lobbies international institutions, so as to promote the implementation of more inclusive public policies, for today and tomorrow.

‚ÄúArt remains one of the most powerful forms of self-expression, we‚Äôre honored to further the LGBTQIA+ cause so that everyone can present their authentic self,‚ÄĚ said David Yu, Co-Founder of VeVe. ‚ÄúWe are proud to support the LGBTQIA+ community and help fund the fight against LGBT phobias and sexism through the sales of this unique digital collectible.‚ÄĚ

Last year the companies came together to sell the digital artwork, ‚ÄúPride‚ÄĚ, as a sign of support for the LGBTQIA+ cause and MAG. The $128,000 raised led to the organization:

  • Moving to a bigger space in Paris and opening of two new local centers for LGBT+ youth inclusion, to overcome isolation and that offers support and multiple activities. The Paris local group is now in the heart of the capital Quincampoix Street, Paris 4th, with a great space to welcome LGBT+ youth. And the two new branches are in Lyon and Clermont Ferrand.¬†
  • An increase of LGBT+ youth supported by the organization to 529. The foundation aims to support 1,600 youths thanks to the new spaces and new members of staff.¬†
  • Building and recruitment a team of professionals to accompany youth and fight LGBT phobias and sexism.
  • An increase of interventions in school from 3,000 students in 2021 to 11,360 in 2022, to prevent LGBT phobia and sexism in the education sector.

About VeVe:
Founded in 2018, VeVe was created by collectors, for collectors to bring premium licensed NFT digital collectibles to the mass market. With millions of active users and over 6      million NFTs sold, VeVe is the largest mobile-first digital collectibles platform and one of the top-grossing Entertainment Apps in the Google Play and Apple stores.

Utilizing both blockchain and augmented reality technologies, VeVe offers premium licensed collectibles from leading brands including DC Comics and Warner Bros, Cartoon Network, tokidoki, Ghostbusters, Back to the Future, and more. For the first time, these brands can provide customization to collectibles after their initial sale, creating endless revenue possibilities for products both new and previously offered. In addition, VeVe’s 3D augmented reality photo mode allows collectors to interact with every digital collectible, as well as share their collectibles through VeVe’s in-app social feed, or on external social platforms including Twitter, Instagram, TikTok, and more.

In March 2021, VeVe committed to 100% carbon neutral NFTs and provided $7+ million in grants to environmental nonprofits to raise money for causes through NFT promotions. In addition, VeVe uses Ethereum’s layer 2 scaling protocol, Immutable X, which provides instant trade confirmation, scalability (over 9,000 trades per second), zero gas fees, and a 99.9% reduction in environmental footprint.

The VeVe Digital Collectible app is available on both iOS and Android.

Learn more: VeVe.me | Twitter | Discord | Facebook | Instagram | Medium

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ART & COLLECTABLES

Salvatore Ferragamo, an Italian luxury brand, has an NFT booth in SoHo

Customers can create and mint their own Ethereum-backed non-fungible tokens (NFTs) on OpenSea at a booth set up by Salvatore Ferragamo, an upscale clothing company with its headquarters in Florence, New York.

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The Salvatore Ferragamo concept store in the city’s SoHo neighborhood opened its doors on Friday, and the booth is a part of a bigger debut of the business. All visitors are eligible to receive free NFTs, which are limited to 256 in total. The brand will pay all associated costs up front to mint an NFT.

For the launch, the company is collaborating with artist Shxpir, who has previously created holographic handbags for businesses like Coach. Shxpir has produced 3D digital graphic elements for the NFTs for Salvatore Ferragamo.

Just one day after NFT, there will be a launch.

After a week of discussions about how fashion businesses may tap into the Web3 and NFT arena, NYC, a conference about non-fungible tokens in Times Square, comes to an end. Famous companies have lately debuted their own NFT collections, including Gucci, Prada, Bulgari, and many others.

Salvatore Ferragamo has previously entered the online space.

The company collaborated with Obsess, a virtual and augmented reality software platform that aids businesses in the establishment of interactive online storefronts and virtual experiences, last year. Customers could explore a virtual mansion that featured Ferragamo goods at the online store dubbed “House of Gifts.”

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