Nftnews Today Nifty News: Robinhood to launch a Web3 wallet, LimeWire inks deal with Universal and more
Fashionable buying and selling platform Robinhood is making a noncustodial crypto pockets that will likely be appropriate with a number of blockchains.
The pockets will likely be a standalone utility with the flexibility to retailer nonfungible tokens (NFTs) and connect with NFT marketplaces. A promo video released for the pockets reveals an indication utilizing Ethereum-based NFTs.
Commerce and swap crypto with no community charges. A web3 pockets from us. Get early entry: https://t.co/qonXj80BEB pic.twitter.com/qLjByPA4ty
— Robinhood (@RobinhoodApp) May 17, 2022
The app is a big step for the corporate in offering crypto providers. Previous to January 2022, buying and selling crypto on Robinhood was a closed system with customers unable to withdraw cryptocurrency.
On Jan. 21, Robinhood opened up crypto withdrawals to 1,000 customers, permitting them to ship crypto off the platform. That quantity was later expanded in April to the greater than 2 million customers on a waitlist.
Presently, the pockets is proscribed by an identification verification course of and solely helps seven belongings: Bitcoin (BTC), Bitcoin Money (BCH), Bitcoin SV (BSV), Dogecoin (DOGE), Ether (ETH), Ethereum Traditional (ETC) and Litecoin (LTC).
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LimeWire, a peer-to-peer (P2P) file-sharing web site from the early 2000s whose model is now owned by an NFT market, has secured a cope with Common Music Group (UMG) for artists to launch NFT tasks.
In an announcement, UMG mentioned the deal would allow its artists to supply NFTs that includes content material equivalent to audio recordings, bonus tracks, backstage footage, photos and different unique materials to promote to followers or collectors.
As a part of this new partnership, UMG artists can now supply audio recordings, audiovisual content material, backstage footage in addition to different artworks as NFTs on the @LimeWire market and promote them on to followers and collectors in a secure and trusted atmosphere. https://t.co/oshxryaRAe
— Common Music Group (@UMG) May 17, 2022
Holger Christoph, UMGs senior vice chairman of digital enterprise for Central Europe of UMGs, mentioned that the corporate is “absolutely embracing the thrilling Web3 house” and can work to create tasks with “actual utility.”
The partnership sees the LimeWire model come full circle, as throughout its P2P heyday, it was a goal for music labels as a result of customers illegally sharing copyrighted content material. The unique platform was finally taken down in 2010 after dropping a court docket battle in opposition to the Recording Business Affiliation of America.
In March 2022, the model made a comeback as an NFT market targeted on the music business. Brothers Paul and Julian Zehetmayr purchased the rights to the title so it could return “as a platform for artists, not in opposition to them.”
Okay Bears knock-off tops OpenSea, will get delisted
The favored NFT challenge Okay Bears, the primary Solana NFT assortment to high the 24-hour rankings on OpenSea, has impressed a knock-off Ethereum-based assortment dubbed Not Okay Bears.
Not Okay Bears are flipped photos of the ten,000 authentic variations and briefly surpassed the 24-hour quantity of the unique assortment on OpenSea. DappRadar shows over $3.2 million in quantity over the past 24 hours.
The gathering was delisted by OpenSea on Tuesday probably as a result of platform’s updated insurance policies on collections that imitate others.
Extra Nifty Information:
Linktree, the favored app used throughout social media to showcase a hyperlink listing, has launched help for NFTs via a partnership with OpenSea in order that customers can showcase an NFT gallery and profile image and permit for crypto wallets to hook up with a consumer’s Linktree profile.
The Sandbox metaverse has partnered with South Korean leisure agency Studio Dragon to develop a Korean drama sequence throughout the Sandbox metaverse; Studio Dragon will mint new NFTs for the collaboration.
The journalist is a writer and digital nomad. Loves thinking, learning, and writing about all things Web3, particularly its impact on major creative industries.