The US Secret Service has a NFT compilation: Nifty Newsletter, 10-16 May
In this week’s newsletter, read about the United States Secret Service’s collection of non-fungible tokens (NFTs), and how Elon Musk’s tweet caused an increase in an NFT collection’s floor price. Check out how someone tried to sell a photo for Bitcoin (BTC) months before the infamous Bitcoin Pizza Day, and learn about LG’s new patent for an NFT trading TV. And don’t forget this week’s Nifty News, with the popular game series Assassin’s Creed revealing its “smart collectibles”.
Secret Service owns crypto, loves blockchain and has an NFT collection: Reddit AMA
In a recent ask-me-anything (AMA) session on Reddit’s r/cryptocurrency subreddit, representatives from a task force within the United States Secret Service revealed that they own crypto, maintain an NFT collection, and recognize the potential of blockchain technology in combating of financial crime.
Unlike some regulators who view cryptocurrencies as tools for scammers and fraudsters, the task force expressed enthusiasm for the transparent and public nature of blockchains. They described it as a “fantastic opportunity” for law enforcement agencies to effectively track the movement of funds, helping to combat illegal activities.
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Milady NFT floor price rises after Elon Musk tweet
On May 10, Elon Musk’s tweet of artwork from the Milady NFT collection caused an increase in the floor price of Milady NFTs. Initially peaking at 7.3 Ether (ETH), the price eventually reached 5.69 ETH.
Created by digital art collective Remilia, the Milady collection consists of 10,000 anime profile picture NFTs that draw inspiration from street style tribes. Artist Charlotte Fang played a significant role in the design process.
The name “Milady” cleverly plays with the expression “my lady”, traditionally used to address noblewomen. However, the Internet has satirically associated the term with overzealous chivalry and “nice guys.”
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Primordial NFT? Someone tried to sell a JPEG for BTC months before Bitcoin Pizza Day
On May 14, a tweet by developer Udi Wertheimer sent Crypto Twitter into a brief frenzy. The tweet suggested that the world’s first real purchase made with Bitcoin may have been for a JPEG image, challenging the widely known narrative of Bitcoin’s first purchase for pizza.
The screenshot shared, dated January 24, 2010, is four months before the famous Bitcoin Pizza Day. It shows a user named Sabunir trying to sell a photo on the Bitcointalk forum for 500 BTC, which was worth about $1 at the time. The screenshot even reveals that Satoshi Nakamoto, the pseudonymous founder of Bitcoin, tried to help facilitate the sale.
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LG Electronics takes patent for NFT trading TV
South Korean company LG Electronics has filed a patent application for a blockchain-based smart TV that enables NFT trading. The application was published in May in the World Intellectual Property Organization’s database.
LG’s proposed technology aims to facilitate seamless connectivity between devices, crypto wallets and an NFT market server, thereby enabling transactions. The smart TV includes QR codes on the screen when connected to an NFT market server, allowing users to complete transactions via a cryptocurrency wallet.
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Nifty News: Assassin’s Creed Unveils ‘Smart Collectibles’, MechaFightClub Settles Down & More
Ubisoft’s hit game series, Assassin’s Creed, released customizable “smart collectibles” on May 16. These collectibles include a transparent 3D-printed cube containing a character figure and a polygon-based NFT called a “Digital Soul” that serves as proof of ownership.
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Thank you for reading this summary of the week’s most notable developments in the NFT space. Check back next Wednesday for more reports and insights into this area of active development.
