Stephen Chow, Dwight Howard and 50 Year Old Whiskey NFTs: Nifty Newsletter
In this week's newsletter, read how another hybrid token standard competes with ERC-404 and how Hong Kong celebrity Stephen Chow's virtual token (NFT) stock recorded $23 million in trading volume. Learn why athletes need to understand the workings of the NFT space before entering, and see a liquor distributor selling a collection of 50-year-old whiskey using NFTs and artificial intelligence (AI). In other news, learn how Ordinals will boost Bitcoin miners after the halving.
Watch out for ERC-404, there's another hybrid NFT standard in town.
A week after the launch of ERC-404, an informal mix of token fungi and immutable tokens, a developer team claims to have done it better with the “Divisible NFT” standard. Like its competitor, the token level is also aiming to be a hybrid between ERC-20 and ERC-721.
The proposed standard includes fractions, allowing holders to trade their fractional NFTs. Anonymous developer “Cigar” says that despite ERC-404's popularity, it is “inefficient and breaks in certain edge cases.”
Continue reading
Stephen Chow NFTs Cover 10,000 ETH As Community Expands In Trade Size
Hong Kong director Stephen Chow has launched an NFT collection called “Nobody”. On February 7, the group recorded a trade of 10,000 Ether (ETH) worth nearly $23 million. The project's organizers say they are committed to building the project's intellectual property by combining Chau's past success with new practices.
Chow partnered with crypto exchange OKX on January 10 to create a whitelist offering for the stock. Over 125,000 participated in the airdrop, with 2,500 NFTs up for grabs. The total supply of the collection is 10,000.
Continue reading
Dwight Howard NFTs: Athletes need to “give time” to understand how they perform
Zilica's head of sports and gaming business development, Tom Fletham, said that while there are benefits to NFTs, sports organizations or athletes need to spend time understanding the complexities behind creating NFT projects.
As an example, the executive pointed to the recent controversy with basketball star Dwight Howard, who released an NFT drop on the Avalanche blockchain only to attract criticism and accusations.
Continue reading
A whiskey distributor uses NFTs and AI to sell a 50 year old collection
Glenlivet Distillery in Scotland is using NFTs and AI to sell a rare batch of whiskey. The company On February 13, 1974, he announced that he would be selling 12 bottles from the collection.
The alcohol distributor uses AI to generate unique labels for its inventory and uses a Blockchain-powered platform to generate digital certificates of authenticity and ownership in the form of NFTs.
Continue reading
Turns to add BTC miners, Yuga NFT mint gone wrong, and more.
Grayscale researcher Michael Zhao argued that Bitcoin Ordinals articles on February 9th could provide a boost in revenue to Bitcoin mining companies after the upcoming Bitcoin halving, when mining rewards are halved.
Meanwhile, NFT company Yuga Labs has announced that it will pay gas bills to those who lose their money trying to get NFT Loot by completing missions in the game called Mara.
Continue reading
Check out the Cointelgraphs NFT SteEZ podcast
Thanks for reading this recap of the week's most notable developments in the NFT space. Come back next Wednesday for more reports and insights into this actively growing space.
