Retired pro skateboarding icon Tony Hawk is the latest celebrity riding the NFT boom, announcing the imminent release of a tokenized video depicting his final ever 540-degree ollie via Ethernity Chain. This will be the last time fans will be able to see Hawk perform the trick, after landing his first one 32 years ago in 1989.
Now 52, Hawk became one of the world’s top skateboarders at 16 years old and is renowned for completing the first ever 900-degree spin at the 1999 X-Games. He also holds a place in many people’s hearts for the highly successful Tony Hawk’s Pro-Skater video game series.
He revealed the NFTs will drop in the coming weeks and shared a video showing him practicing the stunt which left tears in his eyes after completion. The former pro noted that at his age, the 540-ollie has “gotten scarier in recent years’ and his “willingness to slam unexpectedly” into the bottom of the half pipe has “waned over the past decade.”
However there’s no shame in retiring a stunt that most 20 year old’s can’t perform, and potentially cashing in on the process.
New York man sells tokenized farts for $85
Through the power of blockchain technology you can now fart for cash. A Brooklyn-based artist and his pals have just sold an NFT depicting a year’s worth of farts for $85 on NFT marketplace OpenSea.
The project started last year during quarantine, with no aim to tokenize it until the group saw the ridiculous prices that were being thrown around for NFTs online. The main man behind the farts, Alex Ramírez-Mallis, told the New York Post, ““The NFT craze is absurd — this idea of putting a value on something inherently intangible.”
Ramírez-Mallis’ ability to make a profit from breaking wind might actually be possible on OpenSea, as they don’t take gas fees upfront to mint tokens.
“I’m hoping these NFT farts can at once critique [the absurdity], make people laugh and make me rich,” he said.
Artist will burn Star Wars and Marvel NFTs for you, literally
Mogul Productions, a decentralized film financing platform will release a series of NFTs in collaboration with Marvel and D.C comic book artist Rob Prior. The first drop will include three pieces inspired by Star Wars, Marvel and Wolf of Wall Street, which will be auctioned off on the Mogul platform in late spring.
As part of the NFT auction, buyers have the option of receiving the original artwork or watching it get set on fire by the artist via video. NFT depicting an incarcerated painting from UK street artist Banksy fetched nearly $400,000 through auction.
Ripple looking for ways to incorporate NFT’s in XRP ledger
Ripple CTO David Schwartz has stated he is looking at potential ways to incorporate non-fungible tokens into the XRP ledger. In an interview with Thinking Crypto released on YouTube on March 17, Schwartz noted that he is intrigued by NFTs, especially the “drive that people have to collect things”:
“If you look at NBA Top Shot, which is a great NFT project — they have a fantastic user experience, but the important thing there is like I have a relationship with something that means something to me that nobody else has.”
Schwartz also sees the potential for NFTs to reform digital rights and ownership, and notes that consumers on platforms such as Hulu, Netflix and Apple don’t own any songs or movies, which leaves them victim to subscription pricing fluctuations and losing their content if the platforms go out of business.
NFL Star Patrick Mahomes NFT is going for more than $80,000
NFL star Patrick Mahomes of the Kansas City Chiefs has followed Rob Gronkowski, with an NFT auction on MakersPlace that is due to close on March 20.
The NFT drop “Museum of Mahomes’ ‘ depicts the greatest sporting moments from the player’s career, such as GIFs of Most Valuable Player trophies and in-game action shot illustrations. The drop has six open editions and a single one-of-one which is due to close tomorrow with a current bid of more than $80,000.
SBI, which is a major Ripple partner in Japan, has recently offered gratuity payouts in XRP to its customers if they take part in the new STO of the company. The Chief of the SBI group, Yoshitaka Kitao, has recently shared a link to the press release of the firm regarding the new offering of the SBI partly related to XRP.
SBI to Acquire Tokens in Upcoming STO, Offers Bonus
SBI is a major Ripple partner in Japan. However, they have put up a situation that they will only be doing so if the customers will be taking part in the new security token offering of the company.
The SBI Group, headquarters of which are in Tokyo, are intended to conduct a security token offering of its digital corporate bonds on April 20.
In addition to this, the firm will be providing a bonus in XRP to its investors, the quantity of XRP given away will be equal to the number of digital securities bought by each investor.
The security tokens for the offering are going to be launched on Ibet, a blockchain platform.
End-Year Bonuses in XRP
In a report shared earlier this year, it was revealed that the financial group has made an offer of giving end-year bonuses in XRP to the shareholders of the company.
Well, if you are having trouble understanding what it really means, try understanding it this way.
Those shareholders who have 100 or more than 100 shares will be entitled to 2,500 yen worth of the native coin of Ripple, XRP which in US Dollars, is equal to $23.
However, in addition to this, it should also be known that the exact amount of XRP tokens being given away is going to be determined based on the price of XRP on June 30.
Coinbase Addresses Future Revenue Concerns With Plans to Become Crypto’s Amazon
A well-received Nasdaq debut from Coinbase last week opens what many hope to be crypto’s cross into the mainstream. Nonetheless, controversy has surrounded its IPO, including valuing the firm on a fully diluted basis. Using this methodology, a higher number of shares is included in the company valuation, essentially overvaluing the company by some $20bn. […]
A well-received Nasdaq debut from Coinbase last week opens what many hope to be crypto’s cross into the mainstream. Nonetheless, controversy has surrounded its IPO, including valuing the firm on a fully diluted basis. Using this methodology, a higher number of shares is included in the company valuation, essentially overvaluing the company by some $20bn.
But perhaps the biggest controversy lies in Coinbase’s ability to maintain and extend its profitability going into the future. With concerns that high spreads and trading fees will see a race to the bottom as the competition heats up, some analysts have warned against investing in $» Read more
Analysts Sound Alarm on Coinbase Future Profitability
In the run-up to last week’s IPO, Coinbase released its Q1 2021 figures, revealing an impressive set of numbers. Highlights include $1.8bn revenue and the doubling of its monthly active user base to 6mn.
Its biggest money-spinner is trading fees, which came in at $1.1bn and accounted for 86% of its total revenue last year. This equates to 0.57% of every transaction.
“In 2020, Coinbase collected about 0.57% of every transaction in fees, which totaled $1.1 billion in trading revenue on $193 billion in trading volume. These trading fees made up 86% of revenue in 2020.”
But competition from the likes of Kraken, Gemini, Bitstamp, and Binance, will see trading fees fall away in a race to the bottom. Some analysts have pointed out, based on Q1 2021’s figures, this is already in motion.
“If we assume a similar breakdown of Coinbase’s reported $1.8 billion in total revenue in the first quarter of this year, trading fees would equal around $1.5 billion on $335 billion in trading volume, or about 0.46% of every transaction.”
To address this, Coinbase CEO Brian Armstrong said he expects 50% of the company’s revenue to come from non-trading sources over the next five to ten years. But is this a reasonable expectation?
The Amazon of Crypto
Speaking to Laura Shin, Gil Luria, the Director of Research at D.A. Davidson, said the goal is to generate more revenue in custody and managed staking. But he conceded that this wouldn’t happen overnight.
In terms of achieving the switch to 50% of revenue from non-trading sources, Luria was confident that Coinbase could pull this off. He likened this situation to what Amazon has managed to pull off since its IPO.
In 1997, Amazon was an online bookseller. Not only did it diversify into selling anything and everything, but the firm also helped other people sell, moved into entertainment with Prime, and set up a cloud business.
“Jeff Bezos may have imagined it but we sure didn’t. We just knew Amazon was way ahead of the pack. They had tremendous leadership and they were so customer-centric, which was the absolute key to their success. And I see a lot of parallels with Coinbase.”
By understanding the crypto game and being open to working with regulators, Luria thinks Coinbase is in a good position to bring to market more products to replicate what Amazon did.
[Featured Content] With the current bitcoin bull run and greater institutional support, more people than ever are entering the industry, and more products are being introduced to accommodate this growing demand. One of the latest of these comes from Digitex, a commission-free exchange. The firm has announced on April 15, 2021, that its new spot […]
With the current bitcoin bull run and greater institutional support, more people than ever are entering the industry, and more products are being introduced to accommodate this growing demand.
One of the latest of these comes from Digitex, a commission-free exchange. The firm has announced on April 15, 2021, that its new spot market has formally launched. In a bid to make the trading experience easier for new members and benefit existing ones, their new spot exchange allows the buying of DGTX directly as well as other popular cryptocurrency pairs.
Details About the Digitex Spot Market
As part of the launch, six new trading pairs have been introduced: DGTX/BTC, DGTX/ETH, ETH/BTC, BTC/USDC, ETH/USDC, and DGTX/USDC. There are many suggested benefits to spot markets, including for those that are not interested in futures trading.
This type of customers can make as many transactions as they want and will not have to incur any fees while doing so. Digitex also allows users to withdraw their funds at no additional charge. The crypto market is a volatile one, and while this might make it unpredictable, it also makes it an exciting one to capitalize on. Digitex users can now take advantage of it using a single exchange wallet.
Following their principle of respecting users’ privacy, no KYC is required for customers to carry out their transactions, but they are currently running a special offer for new customers to receive $25 upon completing their KYC.
According to Digitex CEO and founder Adam Todd, these new measures are designed to make the customer experience as seamless as possible, and this is in line with the company’s philosophy.
“We want to offer our traders an experience they won’t find anywhere else. So, not only have we removed ALL fees, zero trading, and zero withdrawal fees, but we’ve also really improved our UX and UI on this latest release. By allowing traders to trade cryptocurrencies and futures from one universal wallet, they can interact with our markets in a faster and more convenient way that’s delivering real value to users,” he said.
Digitex’s current futures trading option was introduced almost a year ago in July 2020 and was designed to allow high-frequency transactions without users having to pay fees on every one of them. This has proven to be a resounding success so far, with a record 22 billion contracts processed in a 24-hour period. The exchange has also maintained its zero-fee trading model by leveraging its native DGTX token, which is used for the payout of profits and losses.
Ultimately, Digitex is taking the initiative to serve the relatively new crypto market that will only get bigger over time. Not only this, but players in the market will want to make transactions with as few fees as possible and as quickly as they can.
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TIME Magazine has doubled down on its cryptocurrency endeavors by enabling bitcoin and other assets to be used as a form of payment for digital subscriptions. The innovation comes a few weeks after the New York City-based magazine partnered with Grayscale to produce educational crypto videos and be paid in BTC.
TIME Readers to Purchase Subscriptions With Crypto
With the first issue released nearly 100 years ago, TIME Magazine is among the largest and oldest news magazines and websites in the US. The company announced earlier today its second cryptocurrency-related partnership in a week.
By collaborating with the popular digital asset exchange CryptoCom, TIME will begin accepting crypto assets as instruments of payments for its digital subscriptions.
Readers who choose this option will “receive unlimited access to content across Time.com for 18 months with their one-time purchase, as well as subscribed-only events and offerings.”
Initially, only subscribers based in the US and Canada will be able to pay with cryptocurrencies, but the two parties plan to expand it to other countries by the end of the year.
As part of the partnership, users selecting to pay with CryptoCom’s native digital asset – CRO – will receive Pay Rewards of up to 10% back.
Following the announcement, a spokesperson from CryptoCom told CryptoPotato that the company is “always looking for new and innovative partnerships that advance our mission of accelerating the world’s transition to cryptocurrency.”
TIME to Hold Bitcoin
Shortly before the aforementioned developments, TIME collaborated with the largest digital asset manager – Grayscale – to produce a new educational video series about cryptocurrencies.
What’s perhaps even more notable is the payment method. Upon making the announcement, Grayscale’s CEO Michael Sonnenshein informed that TIME and its CEO – Keith Grossman – have agreed to be paid in bitcoin.
Moreover, TIME will hold the received BTC on its balance sheet, thus joining the likes of MicroStrategy, Tesla, and many more.
Thrilled @Grayscale is partnering w/ @TIME on a new video series coming this summer explaining the #crypto space.
Equally as important, @KeithGrossman & @TIME has agreed to be paid in #Bitcoin – and will hold the $BTC on their balance sheet. A first for our media partnerships!