In this week’s newsletter, read about how a project provided a new way to mint nonfungible tokens (NFTs) on Ethereum. Check out Nike’s new collaboration with the popular online game Fortnite, and how rapper Snoop Dogg plans to use NFTs to bring fans with him on tour. In other news, Dmitri Cherniak’s “The Goose” NFT sold for $6.2 million, and artist Kenny Schachter talks to Cryptox about blockchain art.
Watch out, Ordinals — 30,000 ‘Ethscriptions’ land on Ethereum
Ethscriptions, a project inspired by the Bitcoin Ordinals protocol, is bringing a new way to mint NFTs to Ethereum. Similar to Ordinals, the project lets users “ethscribe” images to the Ethereum blockchain.
According to the project’s co-founder Tom Lehman, assets on Ethscriptions use data within a smart contract called “calldata.” The executive claimed this presents a “more decentralized” minting process compared to the old method.
Nike teases upcoming ‘Airphoria’ NFT sneaker hunt on Fortnite
Footwear manufacturer Nike gave hints on an upcoming sneaker NFT drop on the popular video game Fortnite. In a social media post, the company shared a short video teasing a collaboration with Fortnite, followed by the logo of its NFT arm .Swoosh.
As the company did not provide many details, community members turned to speculation. Some believe that Nike may have used Fortnite Creative 2.0, the game’s island map builder, to create an NFT-related game.
Snoop Dogg NFT passport lets fans tour with the rapper in digital form
Rapper Snoop Dogg has recently released an NFT that will allow his fans to follow him on tour. The rap icon announced the Snoop Dogg Passport Series, which will provide fans access to behind-the-scenes videos and images uploaded by the rapper while he’s on tour.
According to the rapper, he hopes that other artists will notice what he is doing and “innovate” on their own. He said he believes that digital merchandise is a part of the future.
Sotheby’s auctions off Dmitri Cherniak’s “The Goose” NFT from 3AC collection for $6.2 million
Sotheby’s auction house has recently sold an artwork by Dmitri Cherniak called “The Goose.” The NFT was a part of the collection that belonged to the collapsed crypto hedge fund Three Arrows Capital (3AC).
Back in August 2021, 3AC purchased “The Goose” for 1,800 Ether (ETH), worth around $5.8 million at the time. In the recent auction by Sotheby’s, the NFT was sold for $6.2 million.
Slow Food: Kenny Schachter reflects on blockchain art’s past, present and future
Artist and NFT supporter Kenny Schachter has celebrated the end of his first New York City art exhibition in 25 years, titled “Slow Food.” In an interview with Cryptox, the artist said that NFTs might not boom in the same way that they once did. However, he added that this is a good thing.
According to Schachter, this may bring the focus back to the many applications of blockchain that go beyond the hype. This includes having a record of provenance, which provides transparency on the previous owners of an artwork.
