on the crypto
Another busy week draws to a close and the NFT universe has seen many new developments. From Polygon in partnership with leading brands to exclusive new collectibles up for grabs - here's the best NFT news of the week.
Polygon offers a sustainable way to mint NFT
The NFT Cent creation platform will integrate Polygon with its Valuables platform to offer sustainable minting solutions. The company is already using Polygon's blockchain solutions to mint NFTs while reducing the environmental impact by 99%.
As of now, NFT transactions are processed via a Proof-of-Work (PoW) consensus mechanism, which requires the consumption of huge computational resources. However, Polygon changes this by using its Proof-of-Stake (POS) sidechain called Matic POS, which allows transactions at much higher speeds and lower costs.
Nominations (eth) launches NFT for 2021 Oscar nominees
Hollywood's biggest show, the 2021 Oscars, is around the corner. To celebrate the milestone, Nomine (eth) has partnered with prominent artists such as Jack Butcher, Daniel Popper, Osinachi, Lirona and Celebrity Chef, Rocco DiSpirito to release exclusive NFTs for all 5 major award categories.
Scheduled to be auctioned on Rarible, the drop also includes a one-of-a-kind piece in honor of Chadwick Boseman. All proceeds from the piece will be donated to the Colon Cancer Foundation. Additionally, each of the nominee's names will be included in the NFT description at the time of minting, permanently recording their achievement in the 93rd Academy Awards.
Blockchain Investment Firm Hashed invests in NFTbank.ai
Hashed, a leading blockchain-focused venture capital fund, led the initial funding round of Contxts.io, the organization behind the NFT portfolio management platform, NFTbank.ai. Along with other major companies, Hashed's investment pushed the total funding limit to $ 1,4 million.
NFTBbank.ai is integrated with several leading NFT markets in the blockchain segment. Provides in-depth tools for asset management. The platform also supports NFTs on the Ethereum and Polygon networks, allowing users to access numerous NFTs simultaneously.
Cryptopoops launches the most "lousy" NFTs in the world
Most OG memes have already found their way into the NFT ecosystem. In keeping with the trend, Cryptopoops has officially launched "poop emoji" NFTs in all shapes and sizes. Each Cryptopoop is unique and meticulously crafted from over 50 properties and millions of combinations.
A total of 6.006 Cryptopoops can be programmatically generated. An Ethereum smart contract assigns unique traits and a backstory to each Cryptopoop when minted on the blockchain. The strokes will be stored in the ERC721 token itself and the owners will also receive a 1080p image stored on IPFS and will be locked to ensure longer life.
With sustainable minting, Hollywood's embrace and investment by a major blockchain VC. Has NFT finally gone mainstream? Let us know what you think in the comments section below.
