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The Coachella Valley Music and Arts Festival is stepping into non-fungible token (NFT) technology space, according to the festival’s official Twitter account. Coachella partnered with the crypto exchange FTX US, and the NFTs are minted on the Solana blockchain. Coachella Partners With FTX US to Mint Solana-Based Digital Collectibles Since 1999, the
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For those who are less concerned about immediate mainstream utility, the nascent products of these post-threshold companies like NFTs, decentralized exchanges and decentralized autonomous organizations can offer a glimpse of the future. If the infrastructure supported better user experiences and onboarding, cheaper transactions and created reasonable privacy guarantees, we could
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Hilton first discussed this NFT drop during an appearance on Jimmy Fallon's "The Tonight Show" in January. Last November, Hilton married venture capitalist Carter Reum and the NFT drop represents her “symbolic closing of one chapter of her life and moving onto the next.” Original Source
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The Indian government may be seeking to define just what is or is not a non-fungible token (NFT).Indian Finance Minister Nirmala Sitharaman announced the nation's budget on Tuesday, revealing it will tax digital assets at a 30% rate. A different section, however, is raising more alarm within the crypto industry.The
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For Olson, crypto is even worse. The technology is broken, he says, but, even if it worked, it would be net negative. His arguments are well researched and justifiable. Although there are a few factual inaccuracies (about Ethereum’s energy use, for instance), it’s tough to object to his overall point.
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The first set, called the Coachella Keys Collection, consists of just 10 tokens, each offering lifetime festival access and other VIP goodies (among them, a “celebrity chef dinner”). There’s also the Desert Reflections Collection – 1,000 tokens priced at $180 each, which buyers can redeem for a physical copy of
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Amitabh Bachhan, Bollywood’s biggest superstar, affectionately known as “Big B,” launched an NFT collection with several thoughtful collectibles, including poem readings and even a Big B CryptoPunk. The entire collection sold for just under $1 million. While this is not bad, it does not compare to big ticket NFT sales
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Hip-hop superstar and urban fashion mogul Kanye West has stated that he would rather create real-life content instead of NFTs.Influential American music icon Kanye West is uninterested in non-fungible tokens (NFTs). In a recent strongly worded and expletive Instagram post, West displayed a handwritten note which read:“My focus is on building
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OpenSea, one of the largest NFT marketplace has reported in a Twitter post that more than 80% of the NFTs created for free on its platform were plagiarized from other artists, fake, or spam. The company reported that users are misusing the free minting tools on the platform to commit
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Early last week, a viral clip from “The Tonight Show Starring Jimmy Fallon” began making the rounds on social media. In it, Fallon’s guest, the socialite turned crypto promoter Paris Hilton, shows off a picture of one of her recent NFT purchases: a reddish Bored Ape complete with hat and
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