HomeNFT NewsBinance launches NFT ticketing: Nifty Newsletter July 27-August 2

Binance launches NFT ticketing: Nifty Newsletter July 27-August 2

In this week’s newsletter you can read how Binance began its nonfungible token ticketing service (NFT) by partnering with a sport club. The NFT exchange-traded funds (ETF) were released by KuCoin. Learn how Google AI was capable of painting NFTs inspired by BAYC.

In other news, learn about how much the NFT community spent in minting NFTs in the first half of 2022 and check out the upcoming NFT album by British rock band Muse. Don’t miss this week’s Nifty News roundup, which includes Dr DisRespect’s NFT-based game and FC Barcelona’s NFT publication.

Binance jumps into NFT ticketing after UEFA League fiasco

Crypto exchange Binance partnered with Societa Sportiva Lazio to launch its NFT ticketing solution. All home matches of the club will now be covered by NFT tickets. The partnership is valid for the 2022 to 2023 season.

According to Binance, NFT Tickets will resolve issues such as fake tickets and scalping that were highlighted by the recent fiasco in the UEFA league. NFT tickets will not only provide access to the event, but also offer additional value such as match and store discounts, and token giveaways.

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KuCoin crypto exchange debuts USDT-dominated NFT ETF

Seychelles-based crypto platform KuCoin has created an ETF tied to NFTs such as the Bored Ape Yacht Club (BAYC) collection. The exchange’s NFT ETF trading zone was launched on July 29, allowing traders to trade ERC-20 tokens representing NFT assets.

BAYC was one of five NFT ETFs that the exchange launched. ETFs for BAYC trade under the symbol hiBAYC. This is BAYC assets. An ETF for CryptoPunks, in addition to BAYC will be available under ticker hiPUNKS.

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Google AI turns all 10,000 BAYC NFTs into machine-made art

A project called Artsy Monke used artificial intelligence (AI) to transform 10,000 Bored Ape Yacht Club NFTs into various forms of abstract art resembling the BAYC collection. The AI was given the references from the BAYC NFTs to help create the pieces.

CryptoGrims, the AI artist said that their team had given the references to the AI and taught it how to paint in different art styles. The team ran servers for several weeks until they achieved their desired results. The team created the collection and sold it on the NFT marketplace OpenSea.

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Crypto users spent $2.7B minting NFTs in the first half of 2022: Report

New research by data firm Nansen showed that the NFT community spent almost 1 million Ether (ETH), around $2.7 billion, to mint NFTs on the Ethereum network in the first half of 2022. The majority of minting took place in OpenSea, an NFT marketplace.

According to Nansen around 1,000,000 unique wallet addresses on Ethereum were involved with minting. The report also compared the number to other popular chains like the BNB Chain, where $107 million worth of NFTs were minted and Avalanche which had $77 million.

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Upcoming Muse NFT album becomes first new format added to charts in years

British rock band Muse will release an NFT album called Will of the People on Serenade, a Web3 marketplace. The album will be the first new format eligible for charts since 2015. Max Shand, CEO of Serenade, stated to Cointelegraph that the concept will revolutionize the music industry by inserting NFTs in existing workflows and creative processes.

Serenade’s digital pressing format offers a new method of managing royalties. The firm claims that it will allow Web3’s characteristics be added to music assets. This will enable the accurate accumulation and verification of royalties.

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Nifty News: Dr DisRespect unveils NFT game to mixed reaction, FC Barcelona’s first NFT sells for $700K and more

Gaming streamer Dr DisRespect gave a preview of his NFT game called Deadrop on Saturday. The NFT game is still in its early stages of development and fans have mixed reactions.

Meanwhile, an NFT artwork released by soccer team FC Barcelona sold for $693,000 on July 29. The NFT is an audio-visual piece showing Cruyff’s goal against Atletico Madrid in 1973.

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Thanks for reading this digest of the week’s most notable developments in the NFT space. For more information and insight into this rapidly changing space, please visit us next Wednesday.

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Henry Hicks
Henry Hickshttps://nonfungibletalk.com
NFT and Crypto Enthusiast. Loves Travelling and Exploring the Metaverse!
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