The mania around NFTs continues and more recently, everyone from The Weeknd to Ashton Kutsher has been getting involved.
The sector is booming and shows no signs of slowing anytime soon – in February alone, the top three NFT marketplaces registered $342 million in trading volume. That’s more than the whole of 2020. Here’s the low-down.
Ashton Kutsher, Mark Cuban and Snoop Dogg want to hear your NFT pitches
Sound Ventures, a tech-focused venture capital firm founded in 2015 by actor Ashton Kutsher and talent manager Guy Oseary, is moving into the NFT realm by way of a reality competition evaluating potential NFT businesses.
The LA-based startup is putting $1 million behind “NFTs: The Pitch”, a behind-closed-doors virtual competition currently taking applications for a pitch session to be held on 21 April. Billionaire and Dallas Mavericks investor Mark Cuban and rapper Snoop Dogg, who also recently created his own NFT, will serve as judges alongside Kushter and Oseary, as well as a few others.
Sound Venture’s NFT page says the competition is open to “anyone around the world who is innovating with NFTs whether it’s just an idea or a product in market.” The FAQs reveal that applicants should consider themselves in for the long-haul, too: “Those applying should be interested in building a company over the long-term.”
CryptoPunks Pixelated exhibition in Miami
Can’t afford to buy your own NFT? Well if you’re in Miami, you’re in luck as you’ll be able to see a whole bunch around the city as part of a month-long exhibition titled Pixelated.
CryptoPunks, one of the most popular and expensive NFTs, will be billboarded all over the city as of next week thanks to a partnership with SaveArtSpace, a nonprofit that launches art exhibitions in the place of advertisements. If you’re in Miami, tweet us a pic of any of the 96 of the Ethereum-based digital characters that will be on show!
The Weeknd’s NFT drop
Grammy-winning Canadian artist The Weeknd released his NFT collection on Saturday via NFT platform Nifty Gateway for one day only.
Excited to announce that my first NFT drop is taking place on Saturday at 2:00 pm EST on @niftygateway. The collection will feature new music and limited edition art. I developed the artwork with Strange Loop Studios pic.twitter.com/627BO4JekK
— The Weeknd (@theweeknd) March 31, 2021
The sale included an unreleased song accompanied by artwork he co-created with Strangeloop Studios, which creates concert visuals for his shows and the likes of Kendrick Lamar. It also included unlimited editions of three shorter clips with accompanying visuals.