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Four NFT stories that caught our attention last week

YouTube wants to introduce NFTs to allow Creators “Capitalize” on tech

Popular video streaming social media platform YouTube is contemplating the idea of offering non-fungible tokens (NFTs) to content creators on its platform. In an open letter sent out recently, CEO Susan Wojcicki said the move is in a bid “to help creators capitalize on emerging technologies including things like NFTs.” Read more here.

Lamborghini racing into NFT terrain with Space-themed collection

Italian automaker Lamborghini is set to launch its first-ever non-fungible token (NFT) collection next month. The art exhibition tagged “Space Time Memory” is designed by Swiss artist Fabian Oefner.J.

The exhibition will feature two elements; a Lamborghini Space Key physical artwork and a digital piece that will be unveiled. Read more here.

NFT

Justin Bieber Pays $1.3M for Bored Ape NFT

American pop superstar Justin Bieber splashed over one million dollars on a non-fungible (NFT) token from the Bored Ape Yacht Club collection. 

Based on the floor price, the particular NFT, Ape #3001, bought by the musician, is believed to have to be worth significantly less than the 500 ETH (worth  $1.3 million) that was paid since it doesn’t have any rare traits. However, the renowned hitmaker opted to buy it anyway. Read more here.

Opensea makes U-turn on minting limit amid backlash

Non-fungible token (NFT) trading platform Opensea has reversed a controversial decision to limit the number of digital arts that can be minted on it’s platform. Read more here.

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About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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