Tag: nft

eBay Debuts Sports-Themed NFT Collection on Polygon, Tezos-Based ‘OneOf’

US-based online e-commerce giant eBay has ventured into the world of non-fungible tokens (NFTs) with the release of its debut collection on the ‘OneOf’ NFT platform. This marks eBay’s first foray into the world of digital collectibles. Its first NFT collection is themed around sports and the price range of its pieces go from $10 (roughly Rs. 775) to $1,500 (roughly Rs. 1.15 lakh). NFTs have been witnessing major attraction from Web3 supporters. Inspired by game characters, avatars, and art among other things, NFTs make for an integral part of the virtual assets category as well as the Web3-backed metaverse sector.

‘Genesis’ is the name of eBay’s NFT collection. It features 3D and animated representation of Canadian hockey legend Wayne Gretzky. NFT versions of other sport players who made it to the covers of the Sports Illustrated magazine over the years, have also been listed for sale.

In a Twitter post, eBay shared a glimpse of its NFT series.

“NFTs and blockchain technology are revolutionising the collectibles space, and are increasingly viewed as an investment opportunity for enthusiasts,” said Dawn Block, VP Collectibles, Electronics, and Home at eBay.

Meanwhile, for ‘OneOf’, this is just another feather in the hat. The platform is popular among celebrities and brands, especially from the music industry.

In December last year, American rapper Pitbull aka Mr. Worldwide entered into a multi-layer deal with OneOf with an undisclosed amount of money in the loop. The singer-rapper is expected to launch his own NFTs later.

In 2021, music industry’s most prestigious awards, The Grammys also partnered with OneOf for a three-year series of NFTs.

“You don’t have to be a crypto expert to buy, sell, and collect NFTs. OneOf and eBay are bringing transformative Web3 technology to the next 100 million non-crypto-native mass consumers,” Lin Dai, the CEO of ‘OneOf’ said in a statement.

The sales of NFTs reached some $25 billion (roughly Rs. 1,84,700 crore) in 2021 as the speculative crypto asset exploded in popularity, data from market tracker DappRadar showed.

Several established platforms from various sectors are chasing NFTs to get more engagement on their platforms.

This month for instance, link aggregator platform LinkTree added NFT features to its platform.



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Getty Images to Launch NFT Marketplace in Collaboration With Candy Digital

Getty Images, a popular supplier of stock images, editorial photography, video and music for business and consumers, has announced a multi-year partnership with non-fungible token (NFT) ecosystem developer Candy Digital. The collaboration will see Getty Images launch its NFT collection and enter into a distinct NFT niche known as Photography NFTs. It will curate photos from over 465 million images, including 135 million analogue images, in its archives — a host of which have never been seen by the general public.

Consequently, Getty Images and Candy Digital will also unveil these archived photo collections in various digital formats. This will allow people to view and collect them for the very first time.

Using Getty Images’ extensive image portfolio, Candy Digital will create a variety of NFT products and collections. The initial collection will be available in the coming months. The NFTs will be minted on the Palm blockchain, which is more environmentally friendly than the Ethereum mainnet. The Palm blockchain is also scalable and integrates seamlessly with Uniswap and Metamask.

Purchasing the digital collectables will be possible through the Getty Images marketplace built on Candy. Previously, Candy operated NFT marketplaces for Major League Baseball, the Race Team Alliance, and the WWE. Its platform supports primary and secondary markets with either card or crypto payments.

Regarding the collaboration, the CEO of Getty Images, Craig Peters, said, “This partnership speaks to our mission to connect people with our high quality, exclusive visual content.”

He also noted the company’s delight in working with Candy Digital to reach a global audience. “The fast-growing audience of NFT collectors represents significant opportunities for the company and our global photographer community,” he added.

Scott Lawin, CEO of Candy Digital, also expressed his delight at the partnership. He noted the partnership will “creatively bring these iconic and rare photographs from the last two centuries to life for people to experience and collect in a new digital format.”

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Coinbase NFT Marketplace Now Open for All Users, Still in Beta

Coinbase Global is opening up its non-fungible token (NFT) marketplace to all users, the US cryptocurrency exchange said in a Twitter post on Wednesday, a platform which it had earlier rolled out for select users in the United States.

Coinbase said its NFT marketplace is in the beta stage and the company is still working on adding more features to the platform.

First announced in October last year, the platform was opened up to a “small number” of users in the US in April and the company had at the time said more users would be added from a waiting list over the next three to five weeks while the platform is tested.

NFTs are a type of digital asset, which uses blockchain technology to record the ownership of digital files such as an image, video or a piece of text. The popularity of such assets skyrocketed in 2021, but its growth has displayed signs of cooling of late.

About a week ago, Coinbase first announced the release of a beta version of its non-fungible tokens (NFT) marketplace for testers. The crypto exchange said that it won’t be levying any transaction fees on NFT buying and selling during the test phase. It said that users will be notified regarding the plan to add fees whenever it happens.

Meanwhile, Kraken, another crypto exchange, also launched a waitlist for its NFT marketplace recently. Kraken said that users will not have to pay blockchain network fees for trading NFTs where the company is the custodian.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

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Cricket NFT Platform Rario Raises $120 Million in Series A Funding Led By Dream Sports

Rario, a cricket non-fungible token (NFT) platform, has announced that it has secured $120 million (roughly Rs. 915 crore) in a Series A funding round led by Dream Capital, the corporate venture capital, merger and acquistion arm of Dream Sports. Rario, which is the world’s first cricket NFT platform, revealed that they boast the largest share of cricket NFT rights globally via exclusive partnerships with six international cricket leagues coupled with a roster of over 900 cricketers.

Other participants in the funding round include Alpha Wave Global, formerly known as Falcon Edge Capital, and existing investors Animoca Brands, Presight Capital, and Kingsway Capital.

The company also has over 30 exclusive brand ambassadors including the captain of the Australian cricket team, Aaron Finch, Faf Du Plessis, and Jason Holder amongst others.

Rario allows Indian cricket fans to trade officially licensed moments from cricket matches on the blockchain. Indian sports fans can also use Rario to purchase, sell, and trade NFTs using fiat-only methods such as credit cards, debit cards, and bank transfers. Rario has sold over 50,000 NFTs to sports fans in 20 countries since 2021, with the US, the UK, Australia, and India being its top four markets.

The NFT platform produces NFT series for the Hero Caribbean Premier League, Lanka Premier League, Abu Dhabi T10 League, and Legends League Cricket, Lanka League.

The latest partnership also gives Rario access to Dream Sports’ 140 million users, who will be offered fiat-only products in India, with the potential to create the largest cricket NFT platform globally.

Ankit Wadhwa, co-founder, and CEO, of Rario, after the Series A round stated, “Cricket is the second largest sport in the world with more than 1.5 billion fans globally. NFTs are creating new forms of engagement allowing fans to own and trade digital collectibles. Rario’s global cricket NFT ecosystem will be further strengthened by the 140 million sports fans on Dream Sports.”

Founded in 2021, the Singapore-based company has since grown to become a powerhouse in the cricket NFT space and recently signed a multi-year exclusive partnership with Cricket Australia and the Australian Cricketers’ Association to create an Australian cricket metaverse. This will be its first official licensing partnership with a national cricket governing body.

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