Standard buying and selling platform Robinhood is making a noncustodial crypto pockets that might be suitable with a number of blockchains.
The pockets might be a standalone software with the power to retailer nonfungible tokens (NFTs) and connect with NFT marketplaces. A promo video launched for the pockets reveals an indication utilizing Ethereum-based NFTs.
Commerce and swap crypto with no community charges. A web3 pockets from us. Get early entry: https://t.co/qonXj80BEB pic.twitter.com/qLjByPA4ty
— Robinhood (@RobinhoodApp) May 17, 2022
The app is a major step for the corporate in offering crypto providers. Previous to January 2022, buying and selling crypto on Robinhood was a closed system with customers unable to withdraw cryptocurrency.
On Jan. 21, Robinhood opened up crypto withdrawals to 1,000 customers, permitting them to ship crypto off the platform. That quantity was later expanded in April to the greater than 2 million customers on a waitlist.
At present, the pockets is proscribed by an identification verification course of and solely helps seven belongings: Bitcoin (BTC), Bitcoin Money (BCH), Bitcoin SV (BSV), Dogecoin (DOGE), Ether (ETH), Ethereum Basic (ETC) and Litecoin (LTC).
Limeys
LimeWire, a peer-to-peer (P2P) file-sharing web site from the early 2000s whose model is now owned by an NFT market, has secured a take care of Common Music Group (UMG) for artists to launch NFT tasks.
In an announcement, UMG mentioned the deal would permit its artists to supply NFTs that includes content material equivalent to audio recordings, bonus tracks, backstage footage, pictures and different unique materials to promote to followers or collectors.
As a part of this new partnership, UMG artists can now provide audio recordings, audiovisual content material, backstage footage in addition to different artworks as NFTs on the @LimeWire market and promote them on to followers and collectors in a protected and trusted setting. https://t.co/oshxryaRAe
— Common Music Group (@UMG) May 17, 2022
Holger Christoph, UMGs senior vice chairman of digital enterprise for Central Europe of UMGs, mentioned that the corporate is “totally embracing the thrilling Web3 area” and can work to create tasks with “actual utility.”
The partnership sees the LimeWire model come full circle, as throughout its P2P heyday, it was a goal for music labels attributable to customers illegally sharing copyrighted content material. The unique platform was ultimately taken down in 2010 after shedding a court docket battle in opposition to the Recording Business Affiliation of America.
In March 2022, the model made a comeback as an NFT market centered on the music trade. Brothers Paul and Julian Zehetmayr purchased the rights to the title so it might return “as a platform for artists, not in opposition to them.”
Okay Bears knock-off tops OpenSea, will get delisted
The favored NFT undertaking Okay Bears, the primary Solana NFT assortment to prime the 24-hour rankings on OpenSea, has impressed a knock-off Ethereum-based assortment dubbed Not Okay Bears.
Not Okay Bears are flipped pictures of the ten,000 authentic variations and briefly surpassed the 24-hour quantity of the unique assortment on OpenSea. DappRadar reveals over $3.2 million in quantity over the past 24 hours.
The gathering was delisted by OpenSea on Tuesday doubtless because of the platform’s up to date insurance policies on collections that imitate others.
Extra Nifty Information:
Linktree, the favored app used throughout social media to showcase a hyperlink listing, has launched assist for NFTs by means of a partnership with OpenSea in order that customers can showcase an NFT gallery and profile image and permit for crypto wallets to hook up with a person’s Linktree profile.
The Sandbox metaverse has partnered with South Korean leisure agency Studio Dragon to develop a Korean drama collection throughout the Sandbox metaverse; Studio Dragon will mint new NFTs for the collaboration.
