Cryptocurrency News

Porsche enters NFT space, Mark Cuban continues to invest, and Chainlink-powered NFTs


Porsche unveils NXT subsidiary

German sports car giant Porsche has entered the non-fungible token (NFT) market with the June 14 announcement reveal Launch of an NFT collectibles startup called FanZone.

However, carmakers aren’t looking to mark their luxury vehicles at this stage, focusing instead on soccer-themed NFT collectibles.

FanZone, which was created out of Porsche’s digital subsidiary Forward 31, has already partnered with the German national men’s, women’s and under-21 football teams. Fanzon also has a deal with the third tier of Germany’s local professional leagues and intends to expand support for additional soccer leagues and other sporting codes in the future.

German national team NFT: FanZone

The NFTs will be ERC-20 tokens issued via the Luxo blockchain – which was founded by Fabian Vogelsteller, a former Ethereum developer and creator of the ERC-20 and ERC-725 token standards.

“NFTs guarantee the rarity and identity of collectibles. Thanks to verifiable ownership, fans can benefit from price increases, for example, for limited editions,” the announcement said.

The firm also emphasized its concerns about: Ecological footprint of the NFT region, stating that it will donate a portion of FanZone’s transaction costs to “sustainable sports and environmental projects.” FanZone said all of its employees currently go to work using “emission-free” methods.

Genshiro launches Chainlink-powered nonfungibles

Leading Polkadot project, Equilibrium’s Kusama-based parachain, Genshiro, is launching a limited-edition collection of Chainlink-integrated NFTs celebrating five popular crypto assets.

Ethereum-Based NFTs painted The cartoon kittens, inspired by Bitcoin, Ether, Polkadot, Kusama and Genshiro, serve with Chainlink price oracle integration to unlock special functionality when critical price milestones are reached.

For example, the golden version of BTC-themed kitties will be unlocked for NFT holders if the price of bitcoin exceeds $100,000.

Mark Cuban and Ashton Kutcher back the genius NFT

Irreplacement-Focused Startup, NFT, Is in Genius closed Seed funding round backed by a star-studded line-up of investors including billionaires Mark Cuban, CEO of Dapper Labs, Rohm Gharegozlau, bitcoin proponent and Morgan Creek Digital co-founder, Anthony Pompliano, and actor Ashton Kutcher.

Details are sparse on where the funds will go, however, the firm currently has three NFT projects in the works, including “Gaia” – a music-focused marketplace, cannabis-themed for launch on Dapper’s Flow blockchain. collectibles called “cryptobuds”. ” and “Sidekick” – comic-inspired NFTs designed by award-winning comic book author Paul Jenkins.

The company also plans to expand the Gaia marketplace to host NFTs in the sports, gaming and comedy areas in the future.

While officially still under development, NFT Genius launched the collectible series “Bitcoin Origins” in October 2020 – featuring a token collection celebrating key moments in the history of bitcoin.

More Bitcoin Origins Tokens Have Been Generated, According to Crypto Slam Data $440,000 In sales in secondary markets in the last 30 days.

it’s your life, tokenized

musician behind mad max fury road and Zach Snyders Justice League, Tom Holkenborg is auctioning an NFT that offers the highest bidder a 20-minute musical score inspired by his life story.

Auction, titled “The Soundtrack of Your Life”, is set to go live on the Tezos-backed NFT marketplace AmplifyX on June 17th with a starting price of $1,000.

The listing states that the original score will be “informed by a series of interviews that encapsulate the unique victories, heartbreaks, memories and emotions that make up their lives.”

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AmplifyX will host Holkenborg’s NFT drop “Despite All,” which offers three open-edition digital artifacts depicting UFO-like spacecraft designed by pseudonymous visual artist, “Space Renders,” Contains original music by Holkenborg.

Artifacts cost between $100 and $300 each. Collectors receiving all three NFTs will unlock additional music composed by Holkenborg.