Hip-hop icon Calvin Cordozar Broadus Jr., also known as Snoop Dogg, has revealed himself to be the pseudonymous nonfungible token (NFT) collector “Cozomo de’ Medici.” While Snoop has not provided further clarification beyond a Sept. 21 tweet unveiling his digital identity, Medici’s NFT wallet is worth roughly $17.6 million, according to DappRadar. Snoop’s collection features a long list of NFTs, including highly sought-after CryptoPunks, Meebits and Art Blocks tokens. Snoop’s CryptoPunks represent most of his portfolio’s monetary value, with the tokens estimated to be worth $13.19 million. The collection includes CryptoPunk #3831, which depicts a green alien wearing a mask …

NFT NSFW Nafty, a blockchain firm that produces decentralized, “not safe for work” (NSFW) platforms, such as OnlyFans competitor Nafty.tv, launched an erotic-themed nonfungible token (NFT) marketplace dubbed “NaftyArt” on Thursday. NaftyArt aims to provide a platform for erotic artists and adult-content creators to promote and sell their tokenized works without fears of it being removed or their accounts shadowbanned. It may also give some NFT proponents an excuse for out-laying large sums of money on NSFW content. The announcement read: “Erotic Artists and Adult Content creators have been struggling for some time to get their work prominently featured on …

The auction of Yuga Labs’ 101 Bored Ape Yacht Club (BAYC) collection has smashed through expectations with a winning bid of $24.39 million. The auction closed on Friday and was hosted by the prestigious auction house Sotheby’s, which had estimated earlier that the collection would fetch between $12 million and $18 million. The bundle of nonfungibles consists of 101 Bored Apes and three M1 and three M2 “mutant serum” NFTs. When a Bored Ape token is combined with an M1 or M2 serum, it enables the holder to mint a new Mutant Ape NFT that keeps the same traits of …

Despite the Russian state maintaining a mostly unfriendly stance on cryptocurrencies like Bitcoin (BTC), a major state-backed museum is benefiting from the industry by raising hundreds of thousands of dollars with nonfungible tokens, or NFTs. The Russian State Hermitage Museum, the largest museum in the world, has finished its first auction on the NFT platform by Binance — the world's largest crypto exchange — selling five tokenized collectibles depicting masterpieces from artists like Leonardo da Vinci and Vincent van Gogh. The auction included five NFT copies of Hermitage-hosted artworks, including Wassily Kandinsky’s "Composition VI," Giorgione’s "Judith," Da Vinci’s "The Madonna …

Dolce & Gabbana knocking on the Dior of NFTs Luxury Italian fashion house Dolce & Gabbana is entering the nonfungible token (NFT) sector with a nine-piece collection of tokenized fashion items in collaboration with the Polygon-based UNXD marketplace. The firm was founded by designers Domenico Dolce and Stefano Gabbana in 1985 and has since evolved into a multinational giant that offers high-end fashion items for eye-watering prices. Dubbed “Collezione Genesi,” the collection consists of nine one-of-one NFTs that are up for auction starting Sept. 20. The NFTs depict illustrations and digital art of garments designed by Dolce and Gabbana, which …

The original Doge meme NFT has soared to a valuation of around $220 million, following its successful fractionalized token sale this week. Ludicrously high prices for in-demand NFTs are the flavor of the week, with Sotheby’s new Bored Ape Yacht Club NFT auction predicted to fetch up to $18 million. Earlier this week, Doge meme owner PleasrDAO fractionalized the NFT into 17 billion ERC-20 tokens named DOG, and auctioned off 20% of them on SushiSwap-owned Miso on Sept. 1. The DOG tokens snapped up in the auction can now be traded via decentralized exchanges such as SushiSwap and Uniswap. The …

The $4 million NFT depicting the original Doge meme is set to be fractionalized into ERC-20 Tokens, and auctioned off in pieces. The owner of the Shibu Inu depicted in the beloved meme, Atsuko Sato sold the Doge NFT for 1696.9 Ether, or $4 million on June 12 to art-focused decentralized autonomous organisation, PleasrDAO. Starting from Sept.1 at 5pm UTC PleasrDAO will offer exposure to the Doge NFT via a fractionalization that will see the nonfungible token broken down into 16,969,696,969 ERC-20 tokens named “$DOG”. According to a blog post from PleasrDAO, 20% of the total $DOG supply will be …

Layer-one smart contract platforms increased their market share throughout August after the Ethereum network London hard fork did little to solve the major issues of high transaction fees and network congestion. One top 10 protocol that has been gaining momentum but whose native coin, DOT, has yet to experience a significant price breakout to new highs like some of its competitors is Polkadot, a multichain protocol focused on facilitating the creation of cross-chain bridges between separate blockchain networks. Data from Cointelegraph Markets Pro and TradingView shows that after bottoming out at $10.36 on July 20, the price of DOT increased …

NFTs are in Vogue Readers of the high-end fashion magazine Vogue Singapore will be able to fight for a chance to purchase two tokenized front cover images. The front cover of Vogue’s September issue will feature QR codes allowing readers to sign up for an auction of two one-of-a-kind “virtual-only covers.” While Vogue has revealed that the auction will take place in September, the publication has yet to reveal the exact date of the auction. "Triumphant Awakening," the first of the animated covers up for auction, depicts a gold statuette in front of a blue planet encircled by a rising …

Blockchain artificial intelligence lab Fetch.ai has launched a new NFT marketplace for AI-generated art, giving users the ability to create digital collectibles in a collaborative setting through machine learning technology. The new platform, dubbed Colearn Paint, allows groups of creators to automatically generate and collectively own NFTs designed by a machine learning algorithm. The platform is geared towards “abstract compositions,” according to Humayun Sheikh, CEO of Fetch.ai, who cited “collective learning” as a major trend for the future. Collective learning is a concept within artificial intelligence that describes the application of deep learning algorithms to data and privacy. Users of …

The return of Fame Lady Squad The Fame Lady Squad (FLS), a nonfungible token (NFT) avatar project purporting to have been created by an all-female team, is set to relaunch today with a new team after it was uncovered that three Russian men were behind the project earlier this month. SO EXCITING!! pic.twitter.com/V1LKgIU34c — Cadboros (@cadboros) August 23, 2021 The project’s NFTs depict cartoon female avatars, with the tokens having generated $1.9 million worth of total sales since launching on OpenSea Marketplace in mid-July. The FLS website previously listed three team members named Cindy, Kelda and Andrea who all had …

Everyone is wild about nonfungible tokens (NFTs). The first half of 2021 alone saw NFTs from Andy Warhol, NFTs of the code for the World Wide Web, the first-ever Tweet and, of course, the famous $69 million NFT sale of Beeple’s “Everydays.” Whether this explosive rise of NFTs is a flash in the pan or the future of art and beyond is a hot topic of conversation. An emerging theme from that conversation is whether NFTs have a copyright problem. Copyright is engaged throughout the NFT process, but there is nothing inherent in an NFT itself to ensure that copyright …