Popular buying and selling platform Robinhood is making a noncustodial crypto pockets that will probably be suitable with a number of blockchains.
The pockets will probably be a standalone software with the power to retailer nonfungible tokens (NFTs) and connect with NFT marketplaces. A promo video launched for the pockets reveals an illustration utilizing Ethereum-based NFTs.
— Robinhood (@RobinhoodApp) May 17, 2022
The app is a big step for the corporate in offering crypto companies. Prior 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.
Currently, the pockets is restricted by an id verification course of and solely helps seven belongings: Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dogecoin (DOGE), Ether (ETH), Ethereum Classic (ETC) and Litecoin (LTC).
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 Universal Music Group (UMG) for artists to launch NFT tasks.
In an announcement, UMG stated the deal would enable its artists to supply NFTs that includes content material corresponding 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 protected and trusted atmosphere. https://t.co/oshxryaRAe
— Universal Music Group (@UMG) May 17, 2022
Holger Christoph, UMGs senior vice chairman of digital enterprise for Central Europe of UMGs, stated that the corporate is “fully embracing the exciting Web3 space” and can work to create tasks with “real utility.”
The partnership sees the LimeWire model come full circle, as throughout its P2P heyday, it was a goal for music labels on account of customers illegally sharing copyrighted content material. The authentic platform was ultimately taken down in 2010 after dropping a court docket battle towards the Recording Industry Association of America.
In March 2022, the model made a comeback as an NFT market targeted on the music trade. Brothers Paul and Julian Zehetmayr purchased the rights to the identify so it might return “as a platform for artists, not against them.”
Okay Bears knock-off tops OpenSea, will get delisted
The fashionable NFT challenge Okay Bears, the primary Solana NFT assortment to prime 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 reveals over $3.2 million in quantity during the last 24 hours.
The assortment was delisted by OpenSea on Tuesday probably as a result of platform’s up to date insurance policies on collections that imitate others.
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Linktree, the favored app used throughout social media to showcase a hyperlink listing, has launched help for NFTs by means of 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 person’s Linktree profile.
The Sandbox metaverse has partnered with South Korean leisure agency Studio Dragon to develop a Korean drama collection inside the Sandbox metaverse; Studio Dragon will mint new NFTs for the collaboration.