Sony Music has submitted a trademark application to utilize the Columbia Records logo for non-fungible token-backed (NFT) media. Legitimizing Its Digital Products If approved, Sony Music would be permitted to use the recognizable logo for podcast and music creation, artist…
Crypto Twitter Reacts to NFT Platform Moving Towards Optional Royalties Model
Solana-based Magic Eden has, albeit reluctantly, become the most recent NFT marketplace to switch to an optional royalties model, following in the footsteps of X2Y2 in August. Customers Can Choose Royalty Amounts The optional royalties model allows customers to choose…
GameStop to Create a NFT Platform Powered by Ethereum
Video-game retailer GameStop is planning to create a NFT platform which is based on the Ethereum cryptocurrency. They publicized their plans on Wednesday (26th May) this week on their website by stating that they are building a team for the…
Record breaking 11.6 million NFT sale from a DJ star
By surpassing milestones in NFTs, world-renowned musician, producer, and a blockchain influencer Justin Blau, best known as 3LAU conducted a record-breaking $11.6 Million sale of a NFT release of his three-year-old album ‘Ultraviolet,’ last month. This is a record for…
Digital Artwork Sells for $6.6M on Winklevoss-Owned Marketplace
Artwork represented by a non-fungible (NFT) token has sold for a record-breaking amount of $6.6 million in the ether cryptocurrency. As indicated by a tweet from NFT marketplace center Nifty Gateway on Thursday, “history has just been made” with the…
