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Unwrapping a digital gift as an NFT? It’s called Blindboxes.

Blindboxes are you offering an experience of unwrapping a gift, just like a kid on Christmas but in a digital form.

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Photo: Google images

NFTs are all the rage in the crypto industry at the moment. They are, however, actually available for purchase on a patchwork of marketplaces that run in their own silos. Furthermore, new talent is finding it increasingly difficult to stand out among a multitude of proven NFT stars.

Blind Boxes gathers digital assets from emerging authors, well-known brands, and well-known NFT creators and presents them in visually appealing Blind Boxes. Collecting packs of playing cards is close to the mystery box system. The overall components of a series are known to buyers. However, they won’t know which NFT they’ll get before they open the package.

It’s an opportunity for digital artists to show off their work to a wider audience, enhancing their credibility and unlocking the potential for future sales. Collectors will have the ability to discover and purchase rare digital artifacts such as tokenized art and real estate, digital sports collectibles, music files, and unique gaming characters, all of which are sourced from artists all over the world.

We’ve all experienced the excitement of unwrapping a present and eagerly awaiting the contents inside. Blind Boxes seeks to introduce collecting nostalgia to the NFT market while also rewarding consumers with potentially valuable assets.

What does the Box contain?

Limited edition NFTs will be available on Blind Boxes’ gamified website. Each virtual unboxing brings back a fond childhood memory: the excitement of unwrapping a present. Blind Boxes does this by infusing the digital world with a feeling more akin to the physical.

Discovering what’s inside a mystery package — be it a toy, treat, or ultra-rare trinket — is unforgettable, whether it’s a Christmas present, football sticker collection, or Pop Mart box. This is the thing that makes memories and ignites life-long obsessions.

Artists can interact directly with their audience and profit from any NFT they make, including resales, with Blind Boxes. Meanwhile, fans can buy digital collectibles to show off, trade, or sell.

Evolved NFTs

Sports, art, music, real estate, gaming — it’s all being tokenized and exchanged, with digital scarcity serving as the arbitrator of value. Genesis NFTs + celebrity stardust  combined with ultra-rare material are the stuff of digital fantasies.

NFTs are currently the most exciting vertical in crypto, but they’re also one of the most challenging. Obtaining NFTs is a difficult process for beginners who want to get their hands on the new must-have crypto collectibles. It necessitates an innate ability to appraise digital art, as well as working in an illiquid market, patiently queuing for limited edition packs, and all too frequently leaving empty-handed. Then there are the skyrocketing prices that the rarest and most exclusive NFTs will demand, effectively reducing them to status symbols for ETH-rich whales.

By lowering the entry barriers and the cost of participation, Blind Boxes allows digital collectibles more available to the general public. While the most valuable NFTs will continue to command a premium, the majority of the work published by creators will be accessible to regular users, who will be able to purchase works by emerging and well-known artists while still supporting their favorite creators.

How Does It Work?

Great art is not cheap. Every piece, whether it’s a physical canvas, a digital render, or an audio track, has sunk costs in terms of time, resources, materials, and publication for the artist. Blind Boxes allows artists to cover these initial expenses by collecting funds prior to beginning the artistic process. This provides them with a solid base of funding and ensures a minimum sales threshold for their work, while also rewarding early backers with a piece of the action.

Collectors can buy and open boxes containing limited edition and rare content, including one-of-a-kind works that are sure to be highly sought after, on the Blind Boxes marketplace. Furthermore, the Blind Boxes platform will allow developers to run tokenized crowdfunding campaigns in exchange for distributing their new content to paying supporters.

The Blind Boxes protocol uses smart contracts to automatically grant income to artists if their work is resold, thus allowing the current owner to keep the majority of the proceeds. This rewards collectors for their loyalty by giving them early access to exclusive material. Furthermore, collectors will benefit from potential sales of work they’ve financed.

Extra Benefits for Creators and Collectors

Unlike conventional markets, which are often opaque, producers of these rare NFTs may also receive a stream of future passive income through smart contract-powered royalties when their work is resold in the secondary market.

Furthermore, the Blind Boxes Fund provides grants to promising creators in order to foster creativity in the diverse and rapidly changing NFT space. The fund would encourage emerging talent to concentrate on their craft by eliminating the financial obstacles that are often associated with “starving artists.”

Blind Boxes will have lower price thresholds and will provide a payment portal to support mainstream NFT adoption while also giving crypto newbies a head start on their digital collectible journey.

NFT

OpenSea and Kakao’s Klaytn collaborate to expand NFT across Asia

Klaytn, a Singapore-based public blockchain platform, and OpenSea, a non-fungible token (NFT) market, established a cooperation on Friday to support the Asian NFT ecosystem.

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  • In order to showcase Asian NFT initiatives to a worldwide audience, the alliance involves conference collaborations and ecosystem awards.
  • The largest NFT marketplace in the world supports four blockchains: Klaytn, Polygon, Solana, and Ethereum.
  • The blockchain subsidiary of South Korean internet behemoth Kakao, Ground X, founded the Klaytn Foundation.
  • On its central bank digital currency (CBDC) pilot project, the Bank of Korea collaborates with Ground X.

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Shopify Expands Online Retailers’ NFT-Gated Options

Brands are able to increase the exclusivity of their shops thanks to the e-commerce platform.

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The future of e-commerce, according to Shopify, is in NFTs.

As a new option for brands wishing to make their stores more exclusive, the online retail behemoth, which enables small businesses to construct customized e-commerce shops, is providing NFT-gated storefronts, Shopify announced on Wednesday.

In the Shopify introduction video, which includes a skating woman who passes through a pastel portal and transforms into a Doodles NFT, a voiceover urges viewers to “invite their communities into a world that acknowledges and rewards devotion.”

The video explains that token holders can access special shopping opportunities by connecting a cryptocurrency wallet, including early access to drops and limited collections as well as one-of-a-kind experiences and other surprises.

Only individuals with existing NFT collections are able to apply for early access to Shopify’s “gm” shop, which is a gated merchandise store and a play on the Crypto Twitter acronym for “good morning.”

However, those that haven’t received approval yet can still integrate NFT token-gating apps like Shopthru or Single into their Shopify sites.

Shopify announced that it has already collaborated with the Adam Bomb Squad, Doodles, World of Women, Invisible Friends, Superplastic, Stapleverse, and Cool Cats NFT collections to develop token-gated shops as part of its token-gated business launch.

Shopify is introducing “IRL” token-gating in brick-and-mortar stores in addition to online token-gating, which restricts access to certain merchandise to authorized NFT holders exclusively.

Why is this important? The future of Web3 commerce will focus on exclusivity, for one thing. NFTs, which are distinctive blockchain tokens that denote ownership over an asset, are increasingly employed as membership cards, tickets to events, and “keys” to open benefits, despite the fact that they are frequently oversimplified as digital art or “jpgs.”

Additionally, this isn’t Shopify’s first venture into NFTs: The business has been involved with Web3 since last year, when it announced the launch of NFT sales on its platform. Brands can mine and sell NFTs on Shopify to clients using the Ethereum, Polygon, Solana, or Flow platforms.

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OpenSea, beware—Uniswap is pushing into NFTs

The NFT aggregation platform Genie is being purchased by Uniswap Labs, the organization that created the Ethereum-based decentralized exchange Uniswap.

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In a Bankless interview on Tuesday, Uniswap founder and CEO Hayden Adams said, “We’re attempting to transfer what we brought to the ERC-20 market to the NFT sector.”

You can buy NFTs—individual blockchain tokens that represent ownership—on a variety of different marketplaces, such as OpenSea, LooksRare, or Coinbase NFT. However, few allow consumers to buy many things at once, and none provide aggregation tools that let traders view listings on competing marketplaces.

According to Uniswap Labs on Twitter, “We see NFTs as another form of value in the burgeoning digital economy, and it’s a no-brainer for us to integrate them.”

The NFT aggregator Gem, which also enables customers to acquire numerous NFTs in a single transaction, was purchased by OpenSea just two months prior to the announcement of its acquisition by Genie. OpenSea intends to incorporate NFT aggregation functions into its primary platform, just like Uniswap.

A new tab dedicated to NFTs will be added to Uniswap’s main website later this year as part of the company’s push into NFTs, according to a statement from the company. Additionally, NFTs will be included in its developers’ APIs and widgets.

Uniswap Labs intends to airdrop an unspecified quantity of the stablecoin USDC to Genie’s early backers as a way to commemorate its acquisition. By April 15th, USDC will be given to everybody who had utilized the platform at least once or owned a Genie Genesis NFT. (The business had earlier tweeted that Genie Gem owners were eligible for the airdrop.)

Uniswap entered the NFT market for the first time in 2019 with Unisocks, an NFT that granted holders access to a real pair of socks.

The largest NFT market, OpenSea, has a floor price for Unisocks of 13 ETH (about $15,300) at the time of writing.

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