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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.
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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