NFT NEWS

Published on

July 9, 2023

Author

Alexander Sachs

Alex is an experienced entrepreneur with a passion for blockchain technology. He has been working in the industry since 2016, making his expertise available to both small and large companies. After many successful collaborations, Alex decided to focus on his own business and founded NFTFolio, a software company specializing in NFT portfolio management.

The world of NFTs (Non-Fungible Tokens) remains in constant motion as artists, collectors, and investors continue to find new ways to utilize and create these unique digital assets. In this article, we will take a look at some recent NFT news and how they could impact the future of this emerging technology.

‍

Topps Launches First Official MLB NFT Collection

In February 2021, Topps, a well-known manufacturer of baseball cards and other collectibles, launched its first official NFT collection in collaboration with Major League Baseball (MLB). The collection, titled "Topps MLB Series 1," includes digital collectibles such as digital baseball cards available in limited editions and varying levels of rarity.

Topps has long been a leading player in the world of collectibles and has a loyal following of collectors always on the lookout for rare and valuable baseball cards. By entering the NFT market, Topps hopes to continue this tradition and appeal to a new generation of collectors who prefer digital assets.

‍

Beeple NFT Sold for $69 Million

In March 2021, digital artist Beeple (real name: Mike Winkelmann) made history when his NFT artwork titled "Everydays: The First 5000 Days" was sold for an incredible $69 million. The artwork is a digital collage of 5000 images created by Beeple daily over a span of 13 years.

The sale of Beeple's NFT set a new record for the highest price ever paid for an NFT artwork, bringing attention to the potential of NFTs as art assets. The purchase was made by cryptocurrency exchange operator Metakovan, who views it as an investment in "the future path of art."

‍

Twitter Founder Auctions First Tweet as NFT

In March 2021, Twitter founder Jack Dorsey auctioned off the very first tweet on the platform as an NFT. The tweet, posted in March 2006 and reading "just setting up my twttr," was sold for $2.9 million.

The auction of Jack Dorsey's first tweet as an NFT is another example of how NFTs can be used to create and sell unique digital assets. It also demonstrates how traditional companies and figures not directly involved in the art world are recognizing the value and potential of NFTs.

‍

Multiple Sports Teams Utilize NFTs to Build Fan Communities

More and more sports teams are recognizing the potential of NFTs and using them to build and expand their fan communities. In February 2021, the NBA team Golden State Warriors released their first NFT collection, featuring digital artworks and collectibles. The collectibles range from digital trading cards to digital artworks created by local artists.

Another example is English football club Manchester City, which announced an NFT collection based on fan voting in March 2021. Fans can vote on the design and creation of the NFTs, becoming part of the story behind these digital assets.

‍

NFT Marketplaces Expand Their Features

NFT marketplaces like OpenSea, Nifty Gateway, and SuperRare are expanding their features to meet the needs of artists and collectors. In March 2021, OpenSea introduced a new service called "OpenSea Collections," allowing artists and collectors to showcase and sell their NFTs in a custom gallery.

SuperRare also introduced a new feature called "Autopilot," enabling artists to automatically sell their artworks on the marketplace without having to worry about the sales process. These features make it easier for artists to present and sell their artworks, contributing to the growth and diversification of the NFT market.

‍

Conclusion

The world of NFTs continues to evolve, with new developments and trends suggesting that NFTs are here to stay. Recent NFT news demonstrates that this technology can be utilized in various industries and domains, from the art and collectibles world to sports teams and traditional companies.

The fact that a digital artwork sold for nearly $70 million has shown that NFTs can create a new type of asset with high value and rarity. If this trend continues and more artists and businesses embrace NFTs to create and sell unique digital assets, the NFT market will further expand and potentially become a significant part of the global economy.

NFTs and Future Prospects