A Closer Look at Key Developments Over the Last Week – Blockchain Bitcoin News
Another exciting week in the NFT universe unfolds: Kiwie digitizes graffiti into new collectibles, the original meme comes to market, and a new integration between Videocoin and Filecoin supports NFT video.
Fat Monster meets Mint
Latvian art collective Kiwie is converting its legendary character Fat Monster to blockchain, becoming the first group to create and auction an NFT of physical graffiti installations. This new initiative, which aims to bridge the gap between online and offline art, involves creating virtual 3D models of printed figures. Each work will be geolocated to link the ownership of the work to the NFT.
Auction winners will also receive a metal card showing the claim of each NFT fat sample. From there, NFTs can be traded, and if the physical art installation is removed or deleted, the NFTs become unique ghost samples. On the 13th. In April, the first batch of five existing Fat Monsters will be minted and auctioned on the Raribble blockchain. After this first sale, four more series of unpainted samples will be struck in the coming months.
DropEthernity Platform First Connection
Just a few days after the official launch of Ethernity Chain on 12. In April, the platform announced that it would auction off Jason Heuser’s first memoir, originally developed in 2012. The NFT platform, which donates a portion of its proceeds to charity, aims to offer exclusive and rare collectibles from well-known artists, athletes, entertainers and industry representatives.
In honor of the Internet itself, memes and NFT, the platform is partnering with Heuser to present a new version of the Welcome to the Internet meme. Ethernity wants to show how NFTs can help to directly reward creators for their efforts. In addition to Heuser’s original creation, a total of 299 other pieces will be auctioned.
Support for NFT video extension with proof-of-ownership function
In response to the growing interest in aggregating video content with NFT, Videocoin, which operates a decentralized video processing network, is integrating Filecoin to create a platform for the currency, storage and exchange of NFT videos. Unlike other networks that simply mint an unreadable token, this new integration will also allow Filecoin to provide proof of ownership to solve problems with title verification and proof of origin.
Filecoin’s decentralized storage network currently has a capacity of about 2.5 billion gigabytes. At this scale, the newly announced integration can help video production operators leverage their directories by providing the infrastructure themselves. In the future, Videocoin will provide the architecture to optimize the platform to avoid the high cost and storage limitations that characterize NFTs hosted on Ethereum.
Are you still looking forward to the NFT? Let us know what you think of this trend in the comments below.
Photo credit: Shutterstock, Pixabay, Wiki Commons, Kiwie, Jason Heuser,
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