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non-fungible token
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Over the past few years, Snoop Dogg has proven to have an affinity for more than just rap music and cannabis. He is a man of business and a significant player in the digital space. With web3 content and collections of non-fungible tokens (NFTs), Snoop demonstrates that he believes the future of work and business is in the metaverse. However, the future of digital assets has recently come into question. Despite the challenges many financial experts have identified, Snoop is not concerned.
Jul 1, 2022
Looks like Moneybagg Yo is on to his next business move. AllHipHop reports that the rapper will be launching a non-fungible token (NFT) cannabis brand in partnership with sayBLOWE and Soul Creations Management. The “Midnight Patek Smokeable NFT” will drop in March and feature 10,000 NFTs. “I’m dropping my NFTs,” Moneybagg Yo said in a clip posted by the CEO of Soul Creations Management. “It’s only 10,000 of these. So, you better hurry up and snatch yours.” View this post on Instagram A post shared by Leon Lewis (@wun.dynasty) In early February 2022, NFT marketplace SayBLOWE shared more details regarding the collaboration with Moneybagg Yo. Fans who snag an NFT will receive “real-life products” during the launch in March 2022. For more information, you can check out the companies’ Instagram accounts.
Feb 16, 2022
Looks like 2 Chainz will be adding a new title under his belt. According to a press release, the multihyphenate will become the Head of Creative Marketing for fast-food chain Krystal. For 2 Chainz, who grew up enjoying music and Krystal’s delicious sliders and shakes, the rapper looks forward to putting the southern jewel on the map for many more. “As someone who grew up in the South and understands Krystal’s place in culture and community, 2 Chainz is a perfect partner for adding to and amplifying our brand message,” said Thomas Stager, President of Krystal Restaurants, according to a press release. “There is an authenticity in this relationship that reflects our own deep pride in and commitment to the brand and our communities, and we know 2 Chainz has his own equally deep personal connections to Krystal. Together, we will bring the feeling and flavor of Krystal to as many new fans as possible.”
Jan 28, 2022
Akon is merging the world of crypto with the music scene, announcing that his next album will be sold as a non-fungible token (NFT) , Esquire reports. “Throughout my career, I have always believed that artists never really got their fair share of the profits for the work they produced and people listen to,” Akon told Esquire. “So with the idea of owning a piece of digital art, via an NFT, it allows the creator to benefit more and actually get more of the pie.” While his plans further affirm cryptocurrency’s ability to allow artists to maximize earnings from their content, it appears profit is not the only interest to Akon as he cites the NFT drop will allow for transparency and access to information from album buyers. “ My next album is going to be an NFT album. With that, I’ll be able to monetize it from the day it drops on every platform that exists. What that means is that it opens the door to full transparency where your music is being played, who’s playing it, where they’re...
Jan 13, 2022
I guess we’ll call this latest news the Stephen Curry effect. Business Insider India reports, the price of LinksDAO’s non-fungible tokens (NFTs) nearly doubled after Stephen Curry secured a few on Monday, Jan. 10. Stephen Curry will now have a membership to the decentralized autonomous organization (DAO). “Welcome to LinksDAO, @StephenCurry30 – See you on the 1st tee,” according to an official tweet from LinksDAO. Welcome to LinksDAO, @StephenCurry30 – See you on the 1st tee! ⛳️ — LinksDAO (@LinksDAO) January 10, 2022 According to Business Insider India, the DAO’s 9,094 NFTs , consisting of 6,363 Leisure Membership NFTs and 2,727 Global Membership NFTs, all sold out within days of its initial offering back in December 2021. The NFTs provide buyers access to LinksDAO’s first golf & leisure club, community, governance, upcoming games, and more, according to the company’s website. Since its launch, OpenSea states the collection has amassed over 5,000 followers and grossed nearly $11...
Jan 12, 2022
GameStop may be in for the long haul. According to an undisclosed source, the company is looking to create a non-fungible token (NFT) marketplace as early as this year. GameStop experienced a massive boom in the stock market following a frenzy originating on Reddit in 2021. The sudden wave in buying led to a shortage among hedge funds which only propelled the movement further, causing stocks to skyrocket over 687 percent by the end of that year, CNBC reports. It’s to no surprise investors have been speculating what the next move may be for GameStop, which reportedly closed nearly 1,000 stores by the end of 2021. Now, Fortune reports, GameStop has shifted its focus from its brick-and-mortar shops to tap into the increasingly popular cryptocurrency wave. And, what’s more, this could be a smart move since the NFT market value is $22 billion, according to The Guardian.
Jan 7, 2022
Shaquille O’Neal once said he wants his kids to work hard for their money, and his son Shareef O’Neal is doing just that. Forbes reports that the basketball athlete has signed a long-term name, image, and likeness (NIL) deal with crypto startup NFT Genius. Shareef will release a non-fungible token (NFT) series with the celebrity-backed platform on Dec. 13. The collection will feature his journey and the stories of the iconic O’Neal family, where buyers can learn about their shared passion for sports, their love for family, and their mission to inspire others. “I see NFTs as an innovative medium to bring fans along my life’s journey — to join me and my family through our own successes and struggles and bring awareness to causes that are important to me,” said Shareef, according to Forbes. “We want to reward everyone who secures my first NFTs that will reflect those things I am most passionate about — basketball, music, and giving back. We have a lot of surprises in store including...
Dec 8, 2021
If you visit the Twitter profile page of Hip-Hop rapper Future, you’ll be in for a surprise as the current image has been replaced with a non-fungible token (NFT) of a yawning gray-fur ape sporting a captain’s cap and a red robe. For those wondering about the image displayed on his avi, Future is solidifying his allegiance to the Bored Ape Yacht Club (BAYC) NFT by purchasing BAYC #4672 for 49 ETH ($200,000).
Nov 29, 2021
Newly launched cryptocurrency firm Meta4 Fund Management (Meta4) announced a bold fund seeking to invest in the ever-growing cryptocurrency space. The Meta4 NFT Fund aims to collect $100 million through a partnership with Andreessen Horowitz operating as the lead investor. As AfroTech previously told you, n on-fungible tokens (NFTs) are a “one-of-a-kind trading card” useful for establishing ownership of photos, videos and digital files through blockchain technology. “NFTs are more than just pixels. It’s the intersection of culture, technology, and finance. It represents a new way of thinking about the ways in which ‘value’ is accrued, harnessed, and distributed,” said Brandon Buchanan, managing partner of Meta4 Fund Management, according to Reuters. Currently, the amateur fund is hoping to strike it big with highly popular NTFS including CryptoPunk, CryptToadz, BoredApe Yacht Club and Zed Run, Markets Insider reports. The Meta4 Capital fund was an initiative to purchase digital land...
Oct 21, 2021
Best recognized for her prized role as Maxine Shaw on Living Single, Erika Alexander has successfully transitioned into a new season of her career. She now channels her attention toward promoting Black culture and excellence. Taking a leap of faith, Erika Alexander ventured into comic books having little to no experience in the arena which she reveals is distinct from writing for film and television. “We did it because we’re trying to move a mountain when we couldn’t move the mountain, we decided to make our own,” Alexander said in an exclusive interview with AfroTech. Launching Concrete Park in 2013 -written in conjunction with Tony Puryear (screenwriter of Eraser)- the comic explores themes of race, exile, and poverty through a dark tale where the protagonists do not aim to rebuild society, but they are fighting to create a new infrastructure. The comic series received massive success receiving recognition as The Best American Comics upon its release in 2013 and Forbes Magazine...
Oct 1, 2021
Thanks to non-fungible tokens (NFTs), National Basketball Association (NBA) fans will soon have a thrilling opportunity to gain exclusive content surrounding high-profiled athletes Kobe Bryant, LeBron James and Shaquille O’Neal before they became household names. Binance NFT Marketplace (Binance) will launch the “Before They Were Pros” NFT series, which will feature “a unique ‘time capsule’ video and represents a flashback of these fantastic athletes during their high school days,” according to a press release. The launch is a part of a distinguished collection produced by Total Digital Group with licensing from MediaMineLLC set to debut on Sept. 28, 2021. The unique collection will feature mini video clips of the NBA athletes, exclusive interviews and video action content taken before their success. Each athlete will have a distinguished digital token and buyers will acquire the footage rights. “Binance NFT Marketplace users can enjoy the unforgettable high school basketball...
Sep 23, 2021
Golf legend Tiger Woods is taking a swing at non-fungible tokens (NFTs) with the release of his first collection. According to USA Today, on Sept. 21 Woods released 10,000 NFTs through Autograph — a NFT platform co-founded by Super Bowl champion Tom Brady. “The intersection of sports and technology is such an interesting space to me, and I’m thrilled to partner with Autograph as they lead the charge by ushering a new era of digital collecting,” Woods said. “It’s been an honor to join their advisory board among so many iconic athletes, and I’m looking forward to bringing fans closer to my memorable sports moments at an accessible price, and to the game I respect so much.” Woods’ collection comprises of 10,000 digital images of himself, which is available for purchase and sold exclusively on DraftKings Marketplace, USA Today reports. USA Today also reports that Woods’ first batch of digital images range from $12 to $100. A $100 option is available for 375 limited editions. A special...
Sep 22, 2021
Steve Harvey’s latest profile picture has folks buzzing on his stance in the non-fungible token (NFT) space. Yesterday (Sept. 8) the comedian swapped out his former profile photo for a Solana Monkey Business NFT which has been picked up quite frequently in the past few weeks. The NFT images in question include 5,000 cartoonish, pixelated monkeys that are generated randomly. As one of the most popular cryptocurrencies, Solana continues to climb to the top with a value in price that started at $37 last month and is now up to $197 as of yesterday, reports Decrypt. The surge in value is accredited to recent drops on the Solana platform which include Aurory and Degenerate Ape Academy. In the last week, NFT collectibles on Solana have raked in $94 million in trades. Solana Monkey Business is currently at a seven-day volume mark of $6.2 million which makes it the latest best thing for the platform. An NFT provides ownership of almost every type of digital item and now profile picture...
Sep 9, 2021