View profile

Tiffany sells out all 250 NFTs for $50,000 each

Tiffany sells out all 250 NFTs for $50,000 each
By AMERICANxRADASS • Issue #25 • View online
Hi fellow Web3 enthusiasts,
A few days ago, Kevin Rose - founder of the Moonbirds NFT Project - announced they were moving their NFTs towards a CC0 copyright license. This action sparked an avalanche of reactions, bombarding it as the number 1 conversation topic in the NFT space. Here is an exciting explainer video of what this means and how it impacts the NFT space.
Another interesting occurrence is the NFT Marketplace Magic Eden, known as the biggest Solana marketplace and now expanding towards Ethereum NFTs. It is interesting on the one hand because it is a great competitor for OpenSea, and secondly because both communities (SOL vs. ETH) don’t get along.
Additionally, when I look forward to the next few months, I notice that NFT London and Art Basel Miami are approaching fast. These events will be important for many web3 brands and NFT projects, meaning they might ramp up towards these, resulting in some sort of momentum. We’ll see!
— 🩸💀 AMERICAN RADASS

TIFFANY SELLS OUT ALL 250 NFTS FOR $50,000 EACH
NFTiffs sold at $50,000 each
NFTiffs sold at $50,000 each
American luxury jewelry retailer Tiffany & Co. debuted and sold out all 250 NFTs in about 20 minutes. Each NFTiffs sold for 30 ether, or about $50,000, generating some $12.5 million in revenue for the company.
Tiffany’s NFTs are digital passes exclusive to CryptoPunk NFT holders, giving them the right to turn their NFT into a custom pendant containing gemstones and diamonds.
INSTAGRAM EXPANDS NFT SUPPORT
Meta is expanding NFT support on Instagram to 100 countries
Meta is expanding NFT support on Instagram to 100 countries
Meta CEO Mark Zuckerberg announced that the company is beginning its international expansion of NFT support on Instagram.
With this expansion, users and businesses in more than 100 African, Asian-Pacific, the Middle East, and the Americas will now be able to share their NFTs on Instagram.
The company also announced that Coinbase Wallet and Dapper Wallet are now accepted as third-party wallets compatible for use. Instagram is also expanding its supported blockchains to include Flow.
MAGIC EDEN TO OFFER ETHEREUM NFTS
NFT marketplace Magic Eden, which generates roughly 90% of secondary trading volume on Solana, will add and integrate Ethereum NFTs onto the platform.
Magic Eden will enable cross-currency purchase support for Solana and Ethereum NFTs so that collectors can purchase NFTs in either Solana or ether and trade more easily using new market analytics tools.
📰 OTHER NEWS FROM THE PAST WEEK
✨ NEW IN THE SPACE
💀 HOW TO RECOGNIZE A RUG PULL
The Solana ecosystem appears to be the victim of crypto’s latest exploit, with users reporting their funds have been drained without their knowledge via the internet-connected “hot” wallet Slope.
Otter, a security firm focused on Solana, reported that the Slope’s wallet app sent out users’ seed phrases to a centralized server and saved them in the form of readable text. Since the phrases were not encrypted, anybody with access to this specific Sentry server could potentially access users’ private keys.
OTHER POSSIBLE RUG PULLS
  • Nomad has announced that it has recovered $22 million after it suffered a $190 million hack. Data from Etherscan showed that Nomad had recovered around $22.4 million (11.4%) of the $190 million that was drained during the hack after the team announced a reward.
  • A leak has revealed that the SEC is investigating not just Coinbase but all U.S.-based crypto exchanges and the world’s largest exchange by volume, Binance, Forbes reported.
  • The Sandbox has regained control of its Instagram account following a hack, the company said in a blog post.
✨ SECRET TOMORROWLAND NFT SHOW
🩸💀 AMERICAN RADASS
Finally experienced @tomorrowlandnft´s secret @FTX_Official stage, which is only accessible for their NFT holders.

It was MENTAL and gave me massive NFT NYC ( @Deadfellaz ) community and party vibes.

HERE is the alpha 👇🧵 https://t.co/l3GOumenWi
Tomorrowland festival, which sold out their The Reflection of Love NFT drop earlier this week, organized various “secret shows” during their festival, which were only accessible for their NFT holders.
😂 LAUGH OUT LOUD
🤓 DISCLAIMER: NFA & DYOR
This newsletter is a curated overview of the most exciting things I’ve read the past week, the projects I’ve researched, and the NFTs I’ll be trying to buy.
This means I’m - per definition - biased, so don’t consider this as financial advice and keep doing your own research if you see something you like.
Did you enjoy this issue?
AMERICANxRADASS

Provides information related to NFT's - from notes and insights to news and mint schedules (incl. Mint Calendar).

In order to unsubscribe, click here.
If you were forwarded this newsletter and you like it, you can subscribe here.
Powered by Revue