TAG Heuer has an NFT smartwatch: Nifty Newsletter, 15-21. June
This week’s newsletter highlights Yahoo’s plans to become involved in non-fungible tokens (NFTs) and metaverse-based projects. The watch manufacturer TAG Heuer is also dipping its toes into NFTs, and digital collector platforms in China have increased in number despite warnings from the government.
Positive, a CryptoPunk donated to Aid For Ukraine sold for more than $ 100,000. And don’t forget this week’s Nifty News summary with the new brand for CryptoPunks and a phishing attack on a Solana-based project.
Yahoo launches metaverse events for Hong Kong residents under restrictions
The online media company Yahoo recently announced its plans to become involved in a number of NFT and metaverse projects in Hong Kong. This includes hosting virtual events and metaverse concerts in the Asian country.
According to Lorraine Cheung, a leader in Yahoo Hong Kong, activities in Metaverset are seen by Hong Kong residents as a good alternative to social interaction, as pandemic restrictions are still very strictly enforced and people are required to present a negative COVID-19 test. before entering bars or restaurants.
Yahoo will also collaborate with local artists to launch an NFT exhibition entitled The Abyss of Kwun Tong.
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Swiss luxury watchmaker TAG Heuer introduces NFT-enabled smartwatch
TAG Heuer, a manufacturer of luxury watches, has partnered with key NFT community members to create a smartwatch that can display NFTs. The watch will allow users to connect to cryptocurrencies such as MetaMask and Ledger Live to select which NFTs to display on the smartwatch screen.
Watch owners will also be able to resize images to fit the screen and connect to the blockchain to confirm NFT ownership and display a hexagonal version of artwork. The company also said that in addition to supporting images, it will also support GIFs and infinite loop animations.
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NFT platforms in China are growing 5 times in four months despite warnings from the authorities
Despite warnings from the Chinese government about the risk of investing in NFTs, the number of platforms focusing on digital collectibles grew to more than 500, five times more than in February. Local Chinese reports attribute the growth to the growing hype surrounding NFTs in the country. Technical giants such as Tencent and Alibaba have also shown interest in the NFT area and have recently filed their own trademark patents.
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Related: The UAE launches the world’s most expensive modern stamp
Ukraine sells CryptoPunk NFT donation for 90 ETH, worth over $ 100,000
CryptoPunk # 5364, an NFT donated to support the Aid For Ukraine campaign, was sold for 90 Ether (ETH), worth $ 102,640 at the time of sale. Alex Bornyakov, Ukraine’s Deputy Minister for Digital Transformation, announced the sale of CryptoPunk on Monday. The price of the NFT increased from the original value of 16.19 ETH, or $ 31,722, which is what it was worth when the donor bought it.
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Nifty News: Christie’s NFT Expert Leads CryptoPunks False Heir Launches NFT Collection
NFT specialist Noah Davis announced that he was leaving the position at the British auction house Christie’s. In a tweet, Davis noted that he wants to join Yuga Labs to become the brand leader for the CryptoPunks project. Meanwhile, the Solana-based NFT project Duppies was targeted by a phishing scam. Users reported losses online, with one user claiming to have lost 650 SOLs, worth $ 18,850 at the time of the attack.
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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.
