This week’s heated debate (courtesy of Moonbirds) has sparked various opinions around creative sharing, mass licensing, and NFT projects. Meanwhile, Tiffany’s new pendants sold out quickly, Instagram continued to make a concerted push into the space, and a textbook publisher wanted to use NFTs to collect a share of second-hand sales.This weekend we brought a new in shortreviewing all NFT activity from the past week.
Let’s take a look back at all the top stories from the past week.
Non-Fungible Coin News This Week
CC0: This week’s debate
A trending topic through the crypto Twitter and NFT corner this week is from moon bird, they moved the ownership model to cc0 or Creative Commons. In short, this essentially makes Moonbirds public domain, depriving owners of their rights to their respective intellectual property.Here’s a move from the Moonbirds founder Kevin Rose thinks “Respect and honor the values of the Internet and web3.”
This led to various opinions on the matter as the project began to see a sell-off and subsequent shock. Moonbirds Creator Proof Collective open an investigation Gather input from community members after the announcement is made.
Tiffany Raises Over $12M in Minutes With CryptoPunk Pendant
Tiffany launched a limited-edition CryptoPunk pendant this week for 30 ETH (~$50,000), which sold out in about 20 minutes. A total of 250 “NTiff” NFTs were released after Tiffany’s official announcement a week ago.
After selling NFTs, Tiffany offers a matchmaking mechanism where CryptoPunk owners can link their NFTs with their punks and redeem their custom pendants.
Meta to expand NFT support for Instagram in over 100 countries
Meta has not shied away from crypto and NFT activity over the years, but few efforts have come to fruition. The latest commitment to non-fungible tokens is Instagram, which has been slowly integrating NFTs into the functionality of social media apps; this week, the company announced moves aimed at expanding its sharing of digital collectibles to Several new world capabilities – over 100 countries in total. Additionally, the Zuckerberg-led platform announced new connections to Coinbase Wallet and Dapper Wallet, and integration with the Flow blockchain — leading to a surge in FLOW tokens.
The move marks Meta’s latest effort to engage in NFTs, despite a bumpy road to date.
Related reading | Elon Musk claims Twitter committed fraud in $44 billion deal countersuit
Polygon (MATIC) is the blockchain of choice for a new release from beverage behemoth Coca Cola. | Source: MATIC-USD on TradingView.com
Textbook publisher Pearson tracks secondary sales through NFTs
As we all know, textbooks are an inescapable college burden. While not always an option, many courses use books as an option, and to date, publishers have not actively sought a share of second-hand sales – mostly because there are no low-risk options that don’t require a large investment. However, there is no substitute The token has apparently caught the attention of major textbook publisher Pearson.
According to reports over the past week, the company is exploring NFT textbooks, but the final result remains to be seen. Tokenizing textbooks would allow Pearson to collect a percentage of resale transactions, but the price impact of textbooks (which is really still the bottom line for this discussion) is therefore difficult to measure.
NFTs.com domains command a hefty price tag
Move away, ENS. It’s worth installing a little Web3 in your Web2. That seems to be the case at least after the sale of “NFTs.com” this week, as the domain name sold for around $15 million — one of the largest public domain deals in history, and certainly one of the biggest (if not) This max) this year. The domain is currently routed to a page display.
Solana’s Enchanted Eden Market Accepts Ethereum
There never seemed to be a dull moment in Solana’s atmosphere. This week, Solana-based powerful marketplace Magic Eden announced support for Ethereum — expected to go live later this month. Magic Eden, which has been the distant leader of Solana NFTs, will now seek to eat away at the dominant share of the Ethereum market. Magic Eden joins a growing number of platforms, spanning various blockchains, seeing the future as multi-chain.
Related Reading | Former Google CEO Says Bitcoin Is a “Amazing Cryptographic Achievement”
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The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.