In this week’s newsletter, read about Meta’s plans to expand Non-Fungible Token Testing (NFT) on Instagram and Facebook. Find out how soccer legend Cristiano Ronaldo plans to introduce his fans to Web3 through NFTs and how rap legend Snoop Dogg and Eminem showed off their Bored Ape Yacht Club (BAYC) characters in their latest music video.
Join Cointelegraph’s Tom Farren as he shares details from an event called The Digital Diaspora as part of last week’s NFT.NYC conference. And don’t forget this week’s Nifty News report featuring Yuga Labs and the NFT X2Y2 platform that has outsized OpenSea.
Meta set to start testing NFTs on Instagram Stories with Spark AR
Back in May, Meta started testing digital collectibles on Instagram. Last week, Meta CEO Mark Zuckerberg announced that his team is expanding NFT testing so that creators can soon display NFT on the social platform.
Besides Instagram, Zuckerberg also said that NFTs will also be supported by Facebook in the near future, starting with a small group of creators based in the United States. In addition, the CEO of Meta mentioned that NFT testing will eventually branch out to Instagram Stories soon, saying that it will also test NFT using augmented reality software SparkAR.
Cristiano Ronaldo Attracts Football Fans To Web3 With Binance Partnership
Football legend Cristiano Ronaldo partnered with crypto platform Binance last week to introduce his fans to Web3 using NFT campaigns. The agreement includes an exclusive multi-year partnership where Ronaldo will collaborate with Binance to create NFTs.
These digital collectibles will be sold exclusively on the Binance NFT platform and will offer fans exclusive engagement opportunities with the soccer star. Ronaldo made it clear that he values his relationship with his fans, and that the idea of NFT and giving new experiences is something he wants. Changpeng Zhao, CEO of Binance, commented that their team is excited about the collaboration.
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Eminem and Snoop Dogg transform into BAYC chars in a new music video
Legendary rappers Eminem and Snoop Dogg feature the characters of Bored Ape Yacht Club in their latest music video, From The D 2 The LBC. The video turned from reality to animation as both rappers dropped their rods on the microphone.
Eminem swapped it for a character similar to BAYC #9055, which he previously bought for 123.45 Ether (ETH), for about half a million dollars at the time of purchase. Meanwhile, Snoop Dogg has also swapped himself for the character Bored Ape, which he purchased in December 2021.
NFT .NYC – How the Web3 space validates the work of digital artists
Tom Farren of Cointelegraph attended an event called The Digital Diaspora during the NFT.NYC conference in New York City. At this event, the artists shared their experiences and art creation processes. NFT artist Diana Sinclair shared how an artwork called You Cant Smooth A Crumpled Paper or A Wrinkled Heart came to be.
Apart from sharing experiences, the event committee members also talked about representation in the NFT space. During this, 3D animator Andre O’Shea spoke about the inclusiveness of the Web3 space. According to O’Shea, Web3 provides opportunities and raises the voices of creators and voices.
Nifty News: Yuga Labs breaks the silence, X2Y2 outperforms OpenSea and more
NFT affiliate Yuga Labs has responded to allegations that alternate right-hand memes have been incorporated into Bored Ape Yacht Club (BAYC) images. Gordon Gunner, co-founder of Yuga Labs, wrote on Twitter that the allegations were “insanely far fetched.” Meanwhile, sales in the X2Y2 NFT market surged beyond OpenSea last week.
Thank you for reading this summary of the week’s highlights in the NFT space. Come back next Wednesday for more reports and insights into this actively developing space.