Nifty Newsletter, June 29–5. July
In this week’s newsletter you can read about Binance’s partnership with the most followed TikToker Khaby Lame. Check out how Vincenzo Sospiri Racing will use NFTs to authenticate car parts and how NFTs will gradually appear on Facebook and other Meta-owned apps.
Meanwhile, an NFT licensing platform aimed at connecting Bored Ape Yacht Club (BAYC) owners to brands has registered that hundreds have signed up. And don’t forget this week’s Nifty News summary with a Web3 gaming console.
Binance hits TikTok star Khaby Lame to pursue Web3 adoption
Last week, the exchange platform Binance announced a partnership with TikTok star Khaby Lame to raise awareness of Web3 and the myths in space. With its quirky content style, Lame is set to clean up misconceptions in Web3 and fight misinformation.
TikTokeren said that he has been curious about Web3 and the partnership suits his style, which makes complex things much easier. As part of the collaboration, Lame will also create NFT collections with Binance to increase engagement with his fans.
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Lamborghini-backed GT racing team to authenticate car parts using NFTs
GT team Vincenzo Sospiri Racing (VSR), a brand supported by Lamborghini, partnered with an NFT platform to launch a program that uses NFTs to certify racing car parts. Through NFTs, VSR will monitor and ensure that their car parts are of the highest quality. According to former world champion Vincenzo Sospiri, this team allows their team to authenticate and revise each part of their fleet. In addition, the NFT certification can also be extended to the team’s official goods and products in the future.
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NFTs that appear on Facebook, cross-mail with Instagram as the Meta Web3 expansion continues
Meta continues its Web3 expansion when Facebook announced a “digital collectibles” tab on creators’ timelines. A Meta spokesperson confirmed that Meta will gradually launch NFTs on Facebook, starting with creators based in the United States.
After a while, creators of NFTs will be allowed to post between Facebook and Instagram. In May, Meta CEO Mark Zuckerberg announced the start of NFT testing on Instagram. According to Zuckerberg, NFT functionality will eventually come to other apps owned by Meta such as WhatsApp and Facebook Messenger.
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Hundreds of Bored Monkey owners sign up to rent out their NFTs to brands
A new NFT licensing platform called Boredjobs aims to list BAYC NFTs within its platform to allow brands to browse and indicate their interests in collaboration. The platform was created by blockchain accelerator Mouse Belt Labs, led by co-founder Patrick McLain.
According to McLain, just one day after launch, the platform had received hundreds of applications from owners of BAYC NFTs to verify their ownership. Within the platform, brands can browse BAYC NFTs and can choose to hire a monkey. It will then be presented to the owner of the monkey if both parties agree.
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Nifty News: NFT and Web3 game console launches in 2024, Chinese companies check ID for NFT purchases and more
The Web3 gaming company Polium has announced a multi-chain console dedicated to Web3 gaming. According to Polium, the console will be able to support NFTs and blockchains such as Ethereum, Solana, Polygon and more. Meanwhile, Chinese technology giants have signed an agreement forcing them to verify the identities of users of NFT trading platforms. Called a “self-disciplinary initiative”, companies with holdings in China’s NFT market have committed to checking the identities of NFT buyers.
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Thank you for reading this summary of this week’s most notable developments in the NFT area. Come back next Wednesday for more reports and insights into this area in active development.
