With the end of another busy week, the NFT world has witnessed many new developments. From Polygon that works with leading brands to unique new collectibles worth snapping up, this is the headline of NFT news this week.
Polygon provides sustainable NFT casting method
The NFT creation platform Cent integrates Polygon with its Valuables platform to provide sustainable casting solutions. The company is already using Polygon’s blockchain solution to create NFTs while reducing its environmental impact by 99%.
So far, NFT transactions are processed through a proof-of-work (PoW) consensus mechanism, which requires a lot of computing resources to mine each transaction. However, Polygon changed this situation by using plasma and its proof-of-stake (POS) sidechain called Matic POS, which greatly increased speed and reduced transaction costs.
The nominator (eth) launches the NFT nominated for the 2021 Oscars
The biggest awards ceremony in Hollywood, the 2021 Oscars is just around the corner. To celebrate this milestone, Nomine (eth) collaborated with famous artists such as Jack Butcher, Daniel Popper, Osinachi, Lirona, and celebrity chef Rocco DiSpirito to cancel exclusive NFTs for all 5 top awards.
Scheduled for auction at Rarible, this piece also includes a tribute to Chadwick Boseman. All proceeds from the tribute will be donated to the Colon Cancer Foundation. In addition, the name of each nominee will be signed into the description of the NFT at the time of casting, and their achievements will be permanently recorded in the 93rd Academy Awards.
Blockchain investment company begins to invest in NFTbank.ai
Hashed is a leading blockchain-focused venture capital fund that has led the seed financing of Contxts.io, the organization behind the NFT portfolio management platform NFTbank.ai. Like other top venture capital firms, such as Digital Currency Group and 1kx, Hashed’s investment brings the total financing amount to $1.4 million.
NFTBbank.ai integrates with many leading NFT markets in the blockchain market segment, providing in-depth tools for asset management. The platform also supports NFTs on the Ethereum and Polygon networks, allowing users to access a large number of NFTs at once.
Cryptopoops launches the “most beautiful” NFT in the world
Most OG memes have entered the NFT ecosystem. In order to follow the trend, Cryptopoops officially launched the “poo emoji” NFT in various shapes and sizes. Each Cryptopoop is unique and is carefully crafted from more than 50 attributes and millions of combinations.
A total of 6,006 Cryptopoop can be generated programmatically. When Ethereum smart contracts are minted on the blockchain, each Cryptopoop will be assigned unique characteristics and background stories. The trait will be stored in the ERC721 token itself, and the owner will also receive the 1080p image stored on IPFS and fix it to ensure the durability of the extension.
Through sustainable casting, the embrace of Hollywood, and the investment of leading blockchain venture capital, has NFT finally become mainstream? Let us know what you think in the comments section below.
Picture Credits: Shutterstock, Pixabay, Wiki Commons, CryptoPoops, Nomine (eth)
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