Tag Archives: nft

GameStop NFT Marketplace Rumors Swirl — What It Means for the Future of the Meme Stock

GameStop NFT Marketplace Rumors Swirl — What It Means for the Future of the Meme Stock

GameStop is going meta. The company, which reached a somewhat cult status among the Reddit army with its meme stock, has posted a slew of NFT-platform and Web3 gaming jobs on its career page this week, and rumors are flying as to what and when the company will launch.

The company also has a barebone website dedicated to an NFT platform, which says “We welcome exceptional engineers (solidity, react, python), designers, gamers, marketers, and community leaders. If you want to join our team, send your profile or something you’ve built to: nfteam@gamestop.com.”

“Just like we saw with Amazon hiring for crypto and blockchain specialists earlier this year, we’re seeing more and more companies looking to integrate crypto and blockchain into their roadmaps,” Stephen Stonberg, CEO of Bittrex Global, told GOBankingRates. “The future includes crypto as well as its underlying technology blockchain — which has proven to be a catalyst of innovation in so many sectors outside of its well-known home base. Blockchain is really the key to a metaverse-esque future for gaming, retail, the medical sector, and other industries. It’s exciting to see frontrunners in each market category push for the integration of blockchain within their respective sector.”

The job postings include three director of marketing- NFT platform positions; three senior software engineers- NFT platform positions; and two product owner- Head of Web3 gaming positions.

Tobias Batton, Founder and CEO at Ex Populus, an entertainment brand and publishing platform built entirely on Ethereum, told GOBankingRates that “GameStop holds a very special place in the heart of the game and investment community and it’s encouraging to see the company leverage its resources to create an innovative new platform that drives the industry forward.”

Batton added that it is inevitable that smart contracts will become ubiquitous and commonplace in the commerce of games and even within the games themselves. NFTs in video games are the likely species of blockchain technology to lead the way in the mass adoption of crypto and its various appendages.

“We are cheering for GameStop and are eager to meet them in the arena as a competitor,” Batton said.

Anndy Lian, Chairman, BigONE Exchange and founding member of NFT studio and marketplace INFLUXO, echoes the sentiment, telling GOBankingRates that “it is good to see another mainstream listed company heading into the crypto space.”

“Many of my friends think that this is a bullish sign for investors. I also see Redditors are claiming that they will buy more GME Shares when the marketplace happens. There will be an overflow to the crypto markets, too. From our exchange’s perspective, we have received more inquiries about listing of NFT Marketplaces in the last 24 hours, Lian added. “With the added publicity, I believe more companies will ride on the waves and take this as a chance. This would also mean that we will see more blockchain and crypto adoption through storefront locations, for example. Web 3.0 marketplace will be greater when more people are talking and using it.”

GameStop started getting in the news last January, when retail traders on the subreddit group WallStreetBets, who were intent on taking down hedge-fund short sellers by buying shares of stocks that didn’t seem to have much of a chance of success, sent stocks, including GameStop, soaring (and then crashing). This led to a slew of events, including a record 400% weekly gain for the week ending Jan. 29, which triggered intense regulatory scrutiny. Last week, the Securities and Exchange Commission (SEC) released its much-anticipated report on the GameStop frenzy, “the most famous meme stock, which raised questions about market structure and investor protections at the beginning of the year.”

 

Original Source: https://www.gobankingrates.com/investing/crypto/gamestop-nft-marketplace-rumors-swirl-what-it-means-for-future-meme-stock/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Coinbase Ventures Into the NFT Market – Trend Setting for Other Crypto Platforms?

Coinbase Ventures Into the NFT Market – Trend Setting for Other Crypto Platforms?

Coinbase has announced the launch of its marketplace for non-fungible tokens (NFTs). Prospective users will be able to join the waiting list to use Coinbase NFT – a decentralised marketplace for NFTs that will make minting, purchasing, showcasing, and discovering NFTs easier for its users.

NFTs offer buyers the opportunity to own digital assets that are stored on the blockchain. NFTs have gained mainstream attention across the art, music and fashion industries, enabling creators to monetise their digital work and providing buyers with a unique and clear proof of ownership.

NFT trading activity is on the rise. It soared this summer, more than doubling between July and August 2021, with roughly 280,000 unique buyers and sellers by the end of August. High profile NFT sales include the £500,000 sale of the ‘Charlie Bit My Finger’ NFT earlier this year.

Coinbase NFT will be a peer-to-peer marketplace designed to enable creativity. The initial launch will support Ethereum-based ERC-721 and ERC-1155 standards with multi-chain support planned for the near future. The platform has been created to foster community and connect creators, collectors and fans. Users will receive a personal feed that will showcase their NFTs in one place, helping to connect them with like-minded fans or artists.

As part of Coinbase’s overarching mission to drive economic freedom, Coinbase NFT will empower creators and help to raise the ‘creator economy’ from being a smaller subset of the ‘real economy’ into a central driver of economic activity.

The Knock-on effect

Despite using blockchain, crypto exchanges have typically kept their distance from NFTs. In the last couple of years, NFTs have seen an unprecedented level of popularity, setting off alarms for crypto exchanges, making them wonder if it should be something to look at. Coinbase has finally taken the plunge, but what will this mean for the NFT market and how will other crypto exchanges respond?

Barron Solomon, CEO and co-founder of Solo Music said, “While established exchanges like Coinbase and Robinhood [rumoured] have come to the NFT space later than the industry’s most prominent platforms, their arrival is a promising sign for the future of NFTs. Crypto-curious people are likely to feel more comfortable starting their NFT research with entities they know and trust, with familiar platforms. Once they dip their toe into the NFT world, I’m confident that they will become interested in the space and look to platforms new or old that are offering unique NFTs specific to their interests. I think NFTs in the music and entertainment industry in particular will see massive engagement as fans and consumers become more familiar with engaging in the digital space. Ultimately, this will lead to mainstream adoption which benefits the industry as a whole.”

“Coinbase’s Coinbase NFT launch signals that the entire cryptocurrency market has fully embraced NFTs.” said Aubery Strobel, Head of Communications at Lolli. “For many, Coinbase was their first experience in buying bitcoin and other alt-coins. Now it will be, for many, their first on-ramp to owning an NFT. Next for this industry will be the integration of NFTs into a digital and physical identity across platforms, creating the beginnings of the metaverse.”

On the topic of the digital and physical identity Victor Hogrefe, CBO and Co-Founder at EonLabs, said, “A broader point here about NFTs is that their popularity shows we’re shifting from the real-world economy to the digital economy. It’s about changing how and what we value.

“It may not be a smooth ride for NFTs, though. The tokenisation of traditional assets has met with two massive obstacles:

  • The problem of connecting the asset with the token in a meaningful and secure way, thus preventing double-spending or other types of fraud (If I can tokenise a house, and sell those tokens to overseas investors, what is to prevent me from then also selling the house in a traditional way, thereby double selling the house?)
  • Securities laws. The problems of dealing with securities law, regulatory and jurisdictional issues make tokenisation of assets a pain and tend to erode the benefits of doing so at all.

“The low-hanging fruit of asset tokenisation is assets that already only exist in digital form, and this is exactly what we’ve seen with the rise of NFTs.”

María Paula Fernandez, Advisor to the Board of Directors at Golem Network said, “Coinbase have a proven track record of having one of the easiest crypto onboarding processes in the industry. Coinbase provided many options for getting the best use out of coins, but we never had anything like that for NFTs. OpenSea is good but they are not as widespread as Coinbase – they don’t have the know-how of what a user needs to the same extent, and how to capitalise on an increase of users through word of mouth.

“It would be great to see other crypto platforms follow suit but they would have to be mindful approach towards onboarding new technologies and new users – understanding the risks that come with this.

“I think Coinbase’s expansion is fantastic as we needed healthier competition in the space. No market should be dominated by a singular business. The expansion offers a new alternative for people, to change up what they had previously been used to and not go to that only option in the market.”

Anndy Lian, Founding Member of INFLUXO, said “The announcement that Coinbase is entering into the NFT market, coupled with FTX launching a Solana-based NFT marketplace, suggests strongly that NFTs are going to go mainstream in a big way. While the current dominant NFT marketplace OpenSea has seen up to 80,000 transactions a day its browser based wallet is not super easy to use at times and there have been security issues which have put people off. The Coinbase emphasis on usability, from initial minting to discovery of new and exciting NFTs, is a sign of the growing accessibility of the NFT market. Another sign of taking NFTs mainstream may be what Coinbase describes as a ‘personal feed’, blending social media and NFTs. Following Twitter’s rollout of profile NFTs and TikTok’s launch of its first creator-led NFT collection, TikTok Top Moments, this could be huge, especially if Facebook picks up on this NFT personalization trend and runs with it.

Coinbase’s reach will bring new users to the world of NFTs and whilst they will initially only use Coinbase as a means to trade and mint, the more confident they get, the more likely they will explore other platforms.

 

 

Author

Francis is a junior journalist with a BA in Classical Civilization, he has a specialist interest in North and South America.

 

Original Source: https://thefintechtimes.com/coinbase-ventures-into-the-nft-market-trend-setting-for-other-crypto-platforms/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Forbes India: Innovative Ronaldinho NFT Launched by Influxo Studio with technology from BigONE Exchange

Forbes India: Innovative Ronaldinho NFT Launched by Influxo Studio with technology from BigONE Exchange

In 2021 the rise of non-fungible tokens (NFTs) has been nothing short of phenomenal. In the art world in March the ‘shock of the new’ came in the form of a $69.3 million sale of a digital collage at Christie’s. But the real mass market for NFTs in 2021 arrived with the NFT-enabled ‘makeover’ of the National Basketball Association (NBA) sports collectibles, with over $200 million in sales in February and March alone. Until now the global game of football has lagged behind, this is starting to change. Italy’s Serie A has started offering NFTs, with collectibles including match highlights made available to celebrate the 2021 Coppa Italia final. And now with the recent announcement of a limited edition NFT collection featuring two-time FIFA World Player of the Year, Ronaldinho it seems certain NFTs are about to take the world of football by storm.

Up until now technology in sport has pushed in the other direction from NFTs which accentuate the scarcity and uniqueness of sporting moments. In the past this took the form of football cards, traded among fans and friends, with some being sold and bought on platforms such as eBay. Globally there are hundreds of millions of football fans whose childhoods included collecting, swapping and trading cards. With the advent of NFTs the digital makeover of trading cards involves the upgrading of images for high quality video clips, blockchain-based certification for authentication agencies, and digital displays in the form of smartphones for binders, and online trading platforms for offline collectors’ events.

But what NFTs bring is something quite different, the application of technology to create scarcity. For the first time a football fan can become the owner of exclusive pieces featuring the Brazilian world-class soccer star. Daniel Liu, partner at investment backers INBlockchain and INFLUXO CEO explained: “Our trusted platform, seamless user experience and trusted team of investors and developers has allowed us to secure Ronaldinho for the platform’s first collection and we’re thrilled to show what’s in store for the future of digital collectibles.”

For football fans the attraction of NFTs comes down to their power to deliver that specific type of uniqueness that ownership brings. While this form of ownership may feel unfamiliar to older football fans, it comes as no surprise to a younger generation of fans already used to spending money on virtual currencies within video games. In other words, they offer the same kind of ‘bragging rights’ through use of a smartphone, that once physical football cards gave an earlier generation of fans.

Ronaldinho’s NFT ‘Masterpiece’ collection sits on the Influxo marketplace, where you can browse, buy, and bid on high-quality NFTs endorsed by world-class celebrities and artists. Collectively called ‘INFLUXO X Ronaldinho’, as well as the NFTs there is a set of Sports cards. ‘Football Magic’. Ronaldinho’s career saw him win the UEFA Champions League as well as two La Liga titles with Barcelona and a Serie A crown while playing for AC Milan with the 2005 Ballon d’Or and his 2004 and 2005 FIFA World Player of the Year awards among his many individual accolades. With INFLUXO acting as the gateway, supported by blockchain technology providers BigONE, it’s an exciting opportunity for the most dedicated fans to collectible digital assets and real-world experiences.

“I’m so excited to share this news that @Influxo_NFT is launching a series of NFTs in my honor, giving my biggest fans the chance to bid for my unique NFT digital collectibles, and to collect the seven exclusive sports cards, said Ronaldo de Assis Moreira, famously known as Ronaldinho.  “I love the fact I’ll get the chance to meet my fans in person in Dubai next year, including all the NFT auction winners, and one lucky fan with the full set of sports cards. The devotion of football fans is what help make the global game of football truly special, so it’s really good to celebrate this with my fans all around the world.”

Liu confirmed the NFT collection will include seven unique ‘Masterpiece’ series, together with a complete sports card NFT collection all endorsed and signed by the footballer. They depicting Ronaldinho playing football, futsal, footvolley, e-sports, teqball etc. The cards will be a limited edition of 1000. The NFTs are based on original pictures created by Camaleão, a world-famous artist who specializes in creating physical canvases. The artist said that the creative idea that inspired the pictures of Ronaldinho was to depict fragments of his footballing genius. To bring these into the NFT world INFLUXO partnered with a world-leading animation studio to digitize Camaleão’s canvases, confirmed Liu.

Anndy Lian, founding partner of INFLUXO and Chairman of BigONE which is providing the platform that supporting Ronaldinho’s first NFT digital collectible sale, says he’s delighted to be working with the Brazilian star. “We are happy to work with Ronaldinho on this very special NFT launch, using our safe and secure blockchain technology to make sure it all runs smoothly for him, and all his fans around the world.”

While in 2021 NFTs have risen to prominence in art and sport, and the legion of football fans have yet to enjoy access to a NFT marketplace, this is starting to change says Lian. “The beauty of NFTs is that they can capture the kind of dynamic moments that are the 21st century version of the beloved, but static football cards. And for football clubs and leagues they have the potential to provide much-needed form of revenue.” While NFTs confer ownership, the copyright remains with the club or player.  “The sky’s the limit, the beauty of NFTs is that they aren’t just for digital collectibles, they can be used to prove ownership for traditional football cards, through to player’s shirts and other sought-after memorabilia”, Lian added.

The seven NFTs from the Ronaldinho collection will be made available to fans through a live online auction process, with a starting bid price of 20,000 USDT. The idea is that the winners of each auction will in addition to the unique collectible NFT also receive the opportunity to participate in a unique experience, meeting with Ronaldinho in Dubai next year. The experience includes a round-trip ticket and a two-day hotel stay, as well as a gala dinner and of course the meeting with Ronaldinho himself.

To take part each bidder must show proof of funds and have enough money locked in their wallet at the start of the auction in order to start bidding; in addition, each bidder has to place a minimum increment bid of 10,000 USDT. The specialist auction process is designed so that in the final hour, there will be an ‘extra time’ period, which requires a bid to occur only if and when the increment amount is 10% of the current auction price. The final and highest bidder wins the auction. Once their bid is confirmed, and payment settled, all the other bidders’ locked money will be returned after the auction ends.

Sports legend card NFTs will also be available for sale for 299 USDT. A complete series consists of six cards and one airdropping card. Collectors who hold the complete set will also be entered into a sweepstakes for a chance to win the same Dubai experience with the NFT auction winners, with ten runners up winning a Ronaldinho-signed football shirt.

 

 

Source: https://www.forbesindia.com/article/brand-connect/innovative-ronaldinho-nft-launched-by-influxo-studio-with-technology-from-bigone-exchange/70481/1

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j