NFTs In A Nutshell: A Weekly Review.

MARKET_WATCH NFT

Move aside, traditional playmakers inNFTs. The buzz this past week wasn’t with Ethereum or Solana powered NFTs, but rather with new emerging players. That’s right, we saw some ‘unusual suspects’ with blockchains like Cardano and Aptos making noise in the NFT space this past week.

 

We’ll review those, as well as some of the biggest headlines in the NFT space – including moves from major tech and social behemoths like Twitter and Apple – in our weekly Nutshell. Let’s dive in.

 

This Week’s Non-Fungible Token News

 

Twitter’s New ‘NFT Tweet Tiles’

Last week, it was Reddit’s time to shine as the social media platform had a $2.5M day in NFT sales, and sold out of their initial 40K NFT distribution in less than a day. However, this past week was certainly Twitter’s time to take the realm. Between an Elon Musk takeover that would take the company from public to private ownership, and rumors of a new crypto wallet in development, the social media still managed to find time to announce testing of a new NFT feature.

 

The new feature, titled by the dev team as ‘NFT Tweet Tiles,’ aims to allow a handful of NFT marketplaces and platforms the ability to have in-app displays of NFTs for buying and selling.

 

Apple Addresses NFTs… With A Lot To Be Desired

Let’s say you have an app that is listed on the Apple App Store: can you, or can’t you, sell NFTs? Well, if there was any question before, you can put it to rest after this week. However, the answer isn’t likely the most appetizing for those educated with the space.

 

Apple’s new NFT terms for it’s app store specify that while NFTs are approved for minting, listing, and transferring, sales of NFTs on apps would be subject to Apple’s criticized collection fees (roughly 30%). Additionally, NFT ownership within apps cannot “unlock features or functionality” within any app, meaning that you can throw in-app utility potential out of the window.

Overall, it’s simply not a model that makes sense for NFTs, making this progress in name only for Apple and blockchain technology.

 

New DC Comics NFTs

Iconic comic book studio DC Comics has rolled out ‘Superman’ NFTs as their latest digital engagement activation. It’s the latest powerhouse IP to see ‘digitization’ via NFTs as DC Comics, a Warner Bros subsidiary, shows a continued investment in the space. We’ve seen other IP from the studio, such as Batman, as well as other Warner Bros. owned IP, like Looney Tunes, find their way to NFTs over the course of the past year. We’ll see what comes next from the legacy studio.

 

 

 Source : news.google.com/__i/rss/rd/articles/CBMiPWh0dHBzOi8vYml0Y29pbmlzdC5jb20vbmZ0cy1pbi1hLW51dHNoZWxsLWEtd2Vla2x5LXJldmlldy03My_SAQA?oc=5 undefined - October 31, 2022

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