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ART & COLLECTABLES

Ukraine NFTs are a Gift that Keeps on Giving Each Time they are Sold

Ikonia, a digital platform, has organized an NFT sale to collect funds for Ukrainian charity. More than 43 million editions of the NFT will be sold for $10 each as part of the ‘Stand With Ukraine’ campaign, which aims to raise $432,875,120. Every time the NFT is sold, a ten percent royalty fee is contributed to the charity in perpetuity.

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#nft #nfthours #ukraine #charity

Ikonia, a digital platform located in Kyiv and Gothenburg, will sell 43,287,512 NFTs, one for each Ukrainian resident. They claim that 100% of the earnings will go to one of three Ukrainian NGOs that Ikonia has approved. The buyer gets to choose which of these organizations receives their money.

Each edition of the ‘Stand with Ukraine’ NFT was made with Felipe Posada, a Colombian/New York-based artist who created the piece for free.

The NFTs can be purchased with a credit or debit card, making the collection accessible to both the general public and those already familiar with NFTs. In addition, they claim that 100% of the earnings will go to the organizations, barring unavoidable costs and taxes.

Polygon is where the NFTs are made. It’s known as the Ethereum-based scalable blockchain favorable to the environment.

This release is part of Ikonia’s MAUER collection, which has collected more than $264,000 for charity in the past through its NFT releases. The MAUER collection was created to commemorate the anniversary of the Berlin Wall’s building, which occurred 60 years ago.

Stand with Ukraine

Employees of Ikonia can be found in Ukraine. According to Patrik Arnesson, CEO of Ikonia, the scale of the invasion has caught everyone off guard. “As we speak, Ukraine’s liberty, history, and soul are under jeopardy. We cannot stand by and do nothing; we must help. The funds raised by these NFTs will go totally to three incredible organizations that will directly improve the lives of those who are most in need.”

“We will raise nearly $430 million for those in need if every NFT is purchased.” So we’re asking the entire NFT community and initiatives – such as Bored Apes, Cryptopunks, Doodles, and others – to band together and vow to donate revenues to this lovely country in its darkest hour.”

“We can face up to hostility as a team.” Ukraine, including part of our staff located in Kyiv, has been put in jeopardy due to Russia’s invasion. We have organized the emergency evacuation of staff working in the nation, rehousing them in secure lodging in the west of Ukraine as the threat level continues to escalate. During this time, we are doing everything we can to safeguard the safety and well-being of our employees.”

How to Purchase Ukraine NFTs

The ‘Stand with Ukraine’ NFTs can be bought here.

Charities that will receive donations:

● Return Alive

The Return Alive Foundation is one of the largest charity organizations. They are on the Ukrainian frontline.

● Everybody Can

This fund helps children and elderly people with disabilities in Ukraine.

● Ukraine Humanitarian Fund

This charity provides Ukrainians with food, water, shelter, and other basics.

Ikonia is based on the concept that the Metaverse would grow in importance over time, surpassing the real world. In the Metaverse, art will become increasingly essential. People will be able to relate to their history, heritage, and humanity through it. “As a result, Ikonia’s aim is to bring moments of great cultural, historical, or other significance from the actual world into the Metaverse and establish monuments there, by creating NFT gallery ideas that are as relevant for people in the real world as they are in the Metaverse.”

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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