November 2022 | Page 2 of 2

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Beeple to bring immersive 3D NFTs to Solana

We’ve talked about Beeple before, this is one of the most buzzed-about NFT artists in this world and he will soon be part of Solana, as he has shared the future of streaming with immersive 3D NFTs. The CEO of Metaplex Studios, the body behind Solana’s NFT standard, made the announcement on November 6 during Solana’s Breakpoint conference in Lisbon. Beeple: The Picasso of NFTs Mike “Beeple” Winkelmann is an American digital artist whose most popular NFT collections are “Everydays: The First 5000 Days” and “Human One.” The famous British auction house Christie’s where he has sold his works commented about him, “His visionary and often irreverent digital paintings have encouraged him to the top of the digital art world.” In March 2021, Christie’s auctioned “Everydays: The First 5000 Days,” his first purely digital artwork on blockchain, for $69.3 million. It became the second most expensive NFT ever sold. A new way of looking at NFTs Users will be able to create their own NFTs with a Beeple Everyday using a random set of objects. Beeple has moved to Solana through Metaplex and the Render Network. The Render Network offers a decentralized, peer-to-peer platform with remote rendering power for creators. Beeple was recently sounded off as it announced the construction of a digital art studio in Charleston, South Carolina. The space will be used to create and share digital artwork, with the goal of exposing NFTs to new audiences. Is the NFT industry in decline? While most NFTs are 2D, 3D NFTs are slowly becoming known. However, from a financial standpoint, NFTs are declining at an alarming rate. According to DappRadar’s October 2022 report, the trading volume and number of NFT sales each declined by 30%. But this does not mean that business can still be found in this, besides the future of crypto projects goes beyond their price. Anyway, we do not make financial recommendations but invite everyone to make their own analysis before investing and never invest an amount of money that we cannot afford to lose.

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India launches its digital rupee

The Reserve Bank of India is becoming one of the first central banks to launch a pilot project for the creation of its virtual currency. The banking regulator comments that the pilot project for a retail version of the digital rupee will be launched in a month. While there have been a few test cases of CBDC, India is one of the first major economies to launch one for the wholesale sector. “The objective is to ensure that the operational part is fully functional before delving into other use cases and distributed ledger technology (DLT), which will come at a good time.” The regulator also said that settlement in central bank money would reduce transaction costs by avoiding the need for settlement collateral or collateral infrastructure to mitigate settlement risks. “In the future, other wholesale transactions and cross-border payments will be the focus of future pilots, depending on the learnings from this pilot,” the monetary authority said. The launch of the first pilot in the Digital Rupee-Retail (e-R) segment is scheduled in a month at selected locations in closed user groups comprising customers and merchants. What is the Digital Rupee? The Indian state-owned cryptocurrency will be used for transactions in the secondary market for government securities. The digital rupee can be used from November 1 “in the settlement of transactions in the secondary market for government securities”, i.e. investment products issued by the Indian state, the RBI said in a statement on Monday. According to the Indian bank’s finance minister, Sitharaman commented that blockchain technology it will give a big boost to the digital economy and lead to a more efficient and cost-effective currency management system. Is it possible to invest in the digital rupee? The idea of a cryptocurrency is that it is independent of any third-party institution. So one of the first differences to consider is that the future Indian currency will follow the regulations established by the RBI and its value will be equivalent to that of the real rupee. At present, several Caribbean countries and Nigeria are the only ones that have officially approved this method of payment, through a virtual version of their currency. Other nations, such as China, have launched pilot projects to evaluate the potential of this practice. It is because of the above mentioned that this cryptocurrency will function more than as a currency to invest and get a utility, it will function as a Stablecoin and a crypto payment method with service utilities offered by the bank of India.

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Google becomes a Solana validator

Google Cloud, made it known Saturday that it is now running a validator on the Solana blockchain and quickly adding functionality aimed at welcoming Solana developers and node brokers. In a Twitter thread, Google Cloud revealed that, in addition to running a Solana validator “to participate and validate the network,” it is planning to bring its Blockchain Node Engine to Solana in 2023. “We wish to one-click to carry out a Solana node in a cost-effective manner,” Google’s Web3 product manager Nalin Mittal commented at the Solana Breakpoint conference in Lisbon. Google Cloud further made it known that it is now indexing Solana data and adding it to its BigQuery data repository, a move that will “make it easier for the Solana developer ecosystem to get into historical data.” Mittal added that Google Cloud is bringing its credit program to “select startups in the Solana ecosystem” with up to $100,000 in Cloud Credits accessible to applicants. On stage at Breakpoint, Solana founder Anatoly Yakovenko celebrated Google’s “huge encouragement” in adding Solana to BigQuery.

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Twitter is developing its own wallet for depositing and withdrawing cryptocurrencies

Twitter is set to dive further into the world of cryptocurrencies with its wallet that will let users make cryptocurrency deposits and withdrawals. Cryptocurrency adoption is on the rise as organizations across the globe continue to increase their efforts to make it easier for people to access digital assets. A New Wallet On October 25, stability researcher Jane Manchun Wong revealed that Twitter is doing work on a wallet of its own that will accept cryptocurrency deposits and withdrawals. For 2 years, Twitter has introduced numerous functionalities regarding cryptocurrencies along with the accession of decentralized applications (dApps) on the web3. Big plans for cryptocurrencies Earlier this year, online payments organization Stripe enabled functionality that allowed Twitter users to receive payments in stablecoins. “We want everyone on the planet on Twitter to have access to avenues to receive payments.” In May, Binance, the world’s largest cryptocurrency exchange, pledged to invest $500 million in Twitter along with the purchase of part of Elon Musk. The Binance collaboration could bolster Twitter’s attempts to build a cryptocurrency-friendly social media platform.

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Facebook and Instagram to support Polygon and Solana’s NFTs

Meta, the company of Mark Zuckerberg has announced a set of end-to-end tools that will let its users mine NFTs, on the Polygon blockchain. They announced at Creator Week 2022, in which the social media company said it would allow its creators to make “digital collectibles” and sell them “both on and off Instagram.” According to Meta, it will first a small group of selected creators in the USA are going to be able to test the novel features, make their digital collectibles, and sell them both on and off Instagram. “Meta will not charge fees for producing or selling digital collectibles until 2024 and at launch, we will cover blockchain fees for buyers,” said Stephane Kasriel, director of business and financial technology at Facebook’s parent company. Still, Meta has not announced how high the commission it plans to take from NFT sales beyond 2024 will be or what its royalty system for creators will look like. The company led by Mark Zuckerberg already supports the Ethereum, Polygon, and Flow blockchains.

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Dogecoin rallies on Elon Musk’s purchase of Twitter

Dogecoin’s cost has had an intense foment as Twitter’s purchase by Elon Musk approaches. The most representative meme cryptocurrency in the entire market is rising throughout a general recovery throughout this bearish year. And the foment could be being created, again, by billionaire Elon Musk. The chatter revolves around Musk’s purchase of the social network Twitter, which is reportedly close to fruition. Not only was Musk historically a public protector of cryptocurrency, but it is rumored that he will use it as a currency on the social platform. In recent days, Musk changed his Twitter specification to self-define himself as the leader of the social network (“chief twit”), and this Wednesday, October 26, he stopped by to see the company’s headquarters in San Francisco, USA. Musk and his dominance of the cryptocurrency market Not only one of his organizations, the electric vehicle manufacturer Tesla, has bought bitcoin for its treasury. In addition, the tycoon himself has opined on the pioneering cryptocurrency and has become involved in the debate about mining and its environmental effect. In one situation he achieved joking about being the CEO of the cryptocurrency, offered help to the developers of the plan, and in a sketch on the famous comedy show Saturday Night Live, mocked DOGE and labeled it “a scam”. His words have on many occasions moved the cost of Dogecoin, Bitcoin, or even another meme cryptocurrency, Shiba Inu.

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How to create your NFT collection business

Starting from The first entirely digital artwork, an NFT made by the artist Beeple, which has been auctioned at the English auction house Christie’s for around $70 million, non-fungible tokens have made their way to new beginnings and ways. In this way, digital art assets in the NFT market, invent financial opportunities for unknown artists, auctioning or selling their works in a universal and decentralized market. What is an NFT in the art market? They are tokens stored on the blockchain, with a unique value and that cannot be copied. These are shown as a key and important aspect in digital art, where the assets do not remain represented by a physical object, but by the digital object or work. What is an NFT in the art market? If you want to start having your business as an NFT artwork artist or a collection these points can help you: How to produce your NFT collection? Once you have taken into account the previously mentioned points, the process to produce your NFT collection is quite simple, depending on the platform, however, the interface is very similar in the recent Marketplaces: Finally, you will need to choose all the components in the assignment with the blockchain, capable contracts, fees, commissions, choose a marketplace or produce your own}. Here at The Blue Manakin, we can help you find the approach you need for your NFT collection, create it with us.

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Reddit NFTs are exploding

Reddit’s non-fungible tokens took all the attention in the cryptocurrency markets this week after producing $2.5 million in daily trading volume and promoting 3 million individuals to subscribe to the social media platform’s NFT wallet, Coinbase (COIN) said in a report Wednesday. NFTs NFTs are digital assets on a blockchain that represent ownership of virtual or physical items that have the potential to be sold or traded. “Facebook, Instagram, and Twitter possess NFTs integrations, however, those initiatives remain focused on ‘flaunting’ purchased NFTs on marketplaces and being able to increase preferred ones as a profile picture,” the report mentioned. Reddit’s partnership Reddit’s tactic additionally focuses more on its partnership, due to the fact it gives extra functionalities to NFT owners and supports creators, the note commented. It is giving away (or giving away) NFTs to the most active users of the platform. Even as trading volumes of NFTs plummeted this year, dropping 97% from the January peak, Reddit’s triumph shows the potential such tokens hold, the brief stated. So successful have they been that the company is even teasing its next collection of Halloween avatars.

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How can you create NFTs?

Learning how to generate an NFT is important if you want to take advantage of the benefits of virtual assets to make money. How to generate an NFT? To generate an NFT you need to follow certain steps since these tokens use different areas of knowledge such as computer science and programming to marketing. Because of this, as a first step you will have to take your time to decide what is going to be the subject of the token, and then continue with the other steps. The next steps would be to choose the platform you will use to have your NFT or collection and the wallet you will want to use. All this will give you different properties that you will have to contrast with the goals of your plan to determine if it is the best choice. What does it mean to mint NFT? Before you start generating an NFT it is essential that you first mint your document to a blockchain. Once we talk about minting we are referring to a method in which a digital file is converted into a crypto collectible. This process is very similar to the one used to produce cryptocurrencies that will later be released to the market. Afterward, you will decide how many NFTs you will mint, and then you will have to make the transaction to continue the process, this step being necessary to have a popular NFT. Characteristics of a successful NFT Making a famous NFT needs time, money, and effort, so it is not something that happens quickly. According to several specialists, the most relevant thing about an NFT is that it has the personality to differentiate it from the competition because nowadays there are many similar projects. At the same time, this assignment is related to the design of all the collectible works that the plan will have and the effort to be the most eye-catching and viable. What are the best programs to produce NFT? Currently, there are several programs to generate your NFT and each one has properties that you should evaluate before making a final choice. The most popular is undoubtedly OpenSea, which is the most used at the moment, to the point that it allows us to develop projects from scratch or generate a marketplace to sell them. There are other platforms but this is where you need to investigate which one is the best for your project. Steps to produce your NFT Once you have created your account on the site of your choice, the next thing to do is to upload your document to the web. You will have the ability to upload from melody, videos, photographs, and more. Then, you can decide how many units of the file you want to mint, although this will depend on the properties of each platform. Now, if you want to sell your collection, you will have to go to the ‘profile’ section and choose the one you want to market. In addition, you are likely to choose the duration of the marketing or reserve the plan for a specific buyer. As it is, once you create your NFT a huge amount of modalities open up for you to take advantage of. Conclusion: Here we have left you with the steps normally used by a person who is going to generate NFTs of the things they do, this can be an artist or a private person. There is also the option of hiring a marketing agency. Here at The Blue Manakin, we support you to turn the idea of your collection into reality, contact us.

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Blur launches marketplace for NFTs

A new Ethereum NFT marketplace has been launched, its name is Blur and it is VC-backed. Its main feature is that it promises cryptocurrency airdrops for its buyers. This platform is going to have its token named BLUR and it is also the asset they will use for airdrop and rewards. In assignment to the rewards for selling NFT, the marketplace has indicated that its users are going to have 3 levels. For those who choose to pay “partial royalties” and “full royalties”, the best rewards in the marketplace will be available. However, Blur has explained that the beneficiaries are not going to be able to open the airdrop and enter their gift until January 2023. Blur is a new NFT marketplace for professionals. By January next year, this digital asset will become the governance token of the new marketplace. On their official website, they indicated that users will be provided with analytics tools such as a sum functionality, portfolio research, and market rates. “Blur will be used to trigger disclosures faster than anywhere else,” they said in their launch report. In it, they further announced that certain of the merchants selected for the airdrop could receive an NFT of those accessible on the marketplace. It should be noted that this digital marketplace for non-fungible tokens has been in Beta for about a year.

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Are NFTs a good investment?

The idea of any investment is to ultimately achieve a return. The same applies to the NFT market, the dynamics of NFTs are different. A survey of over 1,300 people by DEXterlab on Twitter has shown that most people who dive into NFT investing want to trade assets to make money. But to make a profit depends a lot on predicting the right time to make purchases and liquidations. The survey results show that more than 64% of the participants invested in NFT for the sole purpose of making money. But that only the remaining 42% achieved a highly profitable result from their investment in non-fungible tokens below 42%. Sense of ownership Another result obtained was that 15% of the respondents only wanted to belong to the NFT community. Examples of this are the largest NFT community Bored Ape Yacht Club which has several celebrities as members. Regarding the prices of NFTs, different people have different preferences. But the survey participants mentioned that they would opt for a modest price range of $50 to $500 per NFT. Conclusion: Currently, the bear market has driven down the prices of NFTs. Although some collections did not suffer so much from the price decline, others have lost quite a bit. So it is important to consider that although you can still make money with NFTs, the profit will no longer be the same as in the bull market. So we recommend that you look for an investment that gives you more than just the price.

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