NFT Review 81 - Spotify enters the NFT playground
NFT Review 81 - Spotify enters the NFT playground
Adidas' token-gated sneaker drops, RMRK at ETHDenver, Playboy's Metamansion, and more.
NFT Review is a weekly newsletter covering NFTs in the Web3 ecosystem on Polkadot’s side of the woods. The newsletter is put together by Bruno Škvorc and gbaci.
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Looking for a primer on NFTs? This should be the last introduction you’ll ever need.
Dear NFT enthusiast,
Last week, it became apparent that Spotify, the world’s leading audio streaming platform, is piloting a new feature that will allow artists and their teams to issue NFTs to fans, granting them access to exclusive content, merchandise, and token-gated playlists.
This marks a significant step towards mainstream adoption of NFTs and the recognition of their value in the music industry. With over 365 million monthly active users and 165 million paid subscribers, Spotify has the potential to introduce NFTs to a massive audience, creating new revenue streams for artists and fans alike.
The implications of Spotify’s NFT integration are immense. Token-gated playlists, for instance, will allow artists to reward their loyal fans with exclusive content that is not available to the public. This fosters a stronger bond between artists and fans, leading to increased engagement, loyalty, and revenue generation.
Furthermore, this move could also signal a shift towards a more decentralized music industry, empowering artists with more control over their music and revenue streams. NFTs offer artists the ability to own their music, release their own tokens, and establish direct relationships with their fans.
We can't wait to see what the future holds. Thank you for reading and have a great week.
— NFT Review
📬 NFT News from Kusama & Polkadot
RMRK co-founder Bruno Škvorc gave a presentation at the zkSync Hackathon event at ETHDenver. He also led an NFT Infrastructure panel on the Near stage.
Watch a recap of RMRK Team’s first day at ETHDenver.
Jan Turk (RMRK’s Solidity dev) hosted an online workshop on Using Nestable and MultiAsset RMRK Legos in zkSync to aid developers in the zkSync x RMRK Hackathon. The hackathon is still open for developers from all over the world.
Steven (RMRK’s Solidity dev) published 15 video tutorials on how to use RMRK on EVM. Check out his YouTube channel for all the tutorials he’s made so far.
Evrloot (RPG built with RMRK) hosted a Twitter Space with RMRK co-founder Bruno Škvorc.
Enjin released v2.2 of the Enjin Wallet featuring new support for Polygon and Binance NFTs.
Enjin published a new development update.
Bit.Country (Metaverse parachain on Polkadot) published a development update.
Veil of Time (RPG built with RMRK) is hosting an NFT giveaway.
Exosama (gaming parachain on Polkadot) has been integrated by Guild, a project for platformless memberships and rewards.
🗞 NFT News from Ethereum and Beyond
Binance’s AI-powered NFT generator hits 10K mints in 2.5 hours.
Illuvium DAO blocks NFT pack-opening event involving 3AC founder Su Zhu.
Bitcoin core dev calls out ‘misleading’ auction selling his code as an NFT.
Car makers, fashion giants and pet food brands seek Web3 trademarks as 2023 rolls on.
74% of survey participants say they buy NFTs for status.
Emojis count as financial advice and have legal consequences, judge rules.
3AC liquidators to sell firm’s NFTs to realize value amid bankruptcy.
Blur founder Pacman puts the NFT marketplace war into perspective.
Orange Comet raises over $7 million in new funding for NFT media play.
Nouns 3D-printed fashion collection dazzles at NFT Paris.
Bored Ape Yacht Club creator Yuga Labs reveals first Bitcoin NFT project.
NFT royalties are ‘not going away on superrare’: Co-founder Jon Perkins.
‘Most projects are not going to make it’: Doodles CEO.
Playboy expects to launch Metamansion Virtual World this year.
Adidas to ‘scope out’ token-gated sneaker drops, says Web3 lead.
Coinbase drops free NFTs via Zora to mark base network launch.
0N1 Force, an Anime NFT project, was bought out by a group of investors including Binance and YGG.
Blur announced +300M $BLUR of further incentives for its Season 2 campaign.
Flip added ENS support.
PartyBid unveiled new features, including Party Sweeps.
Reservoir V2, a new and flexible open-source NFT marketplace system, has arrived.
fRiENDSiES announced plans to pause the project, leading to community anger and rugpull allegations.
Pudgy Penguins partnered with Retail Monster for an upcoming Pudgy-themed toyline.
Yuga Labs introduced Toad Mode, the latest installment in the wider Dookey Dash event.
Art Blocks expanded its secondary marketplace functionalities.
Infocalypse, a generative series created with author Neal Stephenson in honor of the 30th anniversary of Snow Crash, is going live next week.
Zora dropped its creator fees to zero in favor of a new, small flat-rate collector fee.
Hiroba, an NFT aggregator custom-built for gaming NFTs, arrived out of stealth.
Yield Guild Games just raised a $13.8M round and is launching its own venture fund.
Webaverse rolled out the alpha launch of its AI Character Studio.
Worldwide Webb raised a $10M Series A round.
Mugen Finance is launching an NFT yield router system.
That’s all for this week, see you in the next edition! Got some links to share with us, artists to feature, NFTs to sell, jobs to promote, or events to popularize? Get in touch with Bruno or gbaci!