Thursday, November 30, 2023

Nifty News: Robinhood to launch a Web3 wallet, LimeWire inks deal with Universal and more


Well-liked buying and selling platform Robinhood is creating a non-custodial crypto pockets that will probably be appropriate with a number of blockchains.

The pockets will probably be a standalone utility with the flexibility to retailer nonfungible tokens (NFTs) and join to NFT marketplaces. A promo video launched for the pockets exhibits a demonstration utilizing Ethereum (ETH) primarily based NFTs.

The app is a important step for the corporate in offering crypto companies. Prior to January 2022 buying and selling crypto on Robinhood was a closed system with customers unable to withdraw to cryptocurrency.

On January 21 Robinhood opened up crypto withdrawals to 1,000 customers permitting them to ship crypto off the platform, that quantity was later expanded in April to the more than 2 million customers on a waitlist.

At present the pockets is proscribed by an id verification course of and solely helps seven property: Bitcoin (BTC), Bitcoin Money (BCH), Bitcoin SV (BSV), Dogecoin (DOGE), Ethereum, Ethereum Basic (ETC) and Litecoin (LTC) .


LimeWire, a peer-to-peer file-sharing web site from the early 2000s whose model is now owned by an NFT market, has secured a deal with Universal Music Group (UMG) for artists to launch NFT initiatives.

In a assertion UMG mentioned the deal would enable its artists to supply NFTs that includes content material comparable to audio recordings, bonus tracks, backstage footage, photographs and different unique materials to promote to followers or collectors.

UMGs Senior VP of Digital Enterprise for Central Europe Holger Christoph mentioned the corporate is “absolutely embracing the thrilling Web3 house” and will work to create initiatives with “actual utility.”

The partnership sees the LimeWire model come full circle, as throughout its P2P heyday, it was a goal for music labels due to customers illegally sharing copyrighted content material. The unique platform was ultimately taken down in 2010 after shedding a brief battle in opposition to the Recording Trade Affiliation of America.

In March 2022 the model made a comeback as an NFT market targeted on the music business with brothers Paul and Julian Zehetmayr shopping for the rights to the title so it could return “as a platform for artists, not in opposition to them.”

Okay Bears knock-off tops OpenSea, will get delisted

The favored NFT venture “Okay Bears”, the primary Solana (SOL) NFT assortment to prime the 24-hour rankings on OpenSea has impressed a knock-off Ethereum-based assortment dubbed “Not Okay Bears”.

Not Okay Bears are flipped photographs of the ten,000 unique variations and briefly surpassed the 24-hour quantity of the unique assortment on OpenSea. DappRadar exhibits over $3.2 million in quantity during the last 24 hours.

The gathering was delisted by OpenSea on Could 17 seemingly due to the platform’s up to date insurance policies on collections that imitate others.

More Nifty Information:

Linktree, the favored app used throughout social media to showcase a hyperlink listing has launched assist for NFTs by way of a partnership with OpenSea permitting customers to showcase an NFT gallery and profile image, and enable for crypto wallets to join to a consumer’s Linktree profile.

The Sandbox metaverse has partnered with South Korean leisure agency Studio Dragon to develop a Korean drama sequence throughout the Sandbox metaverse, Studio Dragon will mint new NFTs for the collaboration.