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NFTs Are the “Gateway Drug to Crypto,” Says CoinGecko

A new report from CoinGecko suggests that the popularity of NFTs during Q1 2021 has been a key driver in raising awareness for the broader crypto market. NFTs Become One of the Main Drivers for Crypto Adoption CoinGecko released its quarterly report, detailing the main factors that helped drive the adoption of blockchain technology. The data platform details how emerging institutional presence pushed the total crypto market capitalization higher with “no ceiling in sight.”  Still, most of the growth seen over the first quarter can be attributed to the NFT sector, says CoinGecko. The market slice became the “gateway drug…

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14 Years of Art for $500K: Youtuber Ali Spagnola Compiles All Her Free Paintings Into an NFT

In mid-January, Bitcoin.com’s newsdesk wrote about the popular artist and Youtuber, Alicia Dawn “Ali” Spagnola after she “accidentally got bitcoin rich” from her Free Paintings project. Since then, a great number of people told her to create a non-fungible token (NFT) asset with her artwork, so she decided to execute the idea after many requests. Spagnola chose to mint an NFT that stems from a combination of the 2,809 free paintings she’s created during the last 14 years. A $500K NFT After Giving Away Free Paintings for 14 Years In her recent video on Youtube, Ali Spagnola is hoping to…

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Beeple’s $69 Million NFT Buyer Says NFTs Could Democratize Digital Arts

The mysterious buyer of Beeple’s ‘Everyday: The First 5000 Days’ has been revealed to be an entrepreneur and angel investor, Vignesh Sundaresan. No Regrets For Spending $69 Million On NFTs In his first television interview on CNBC SquawkBox, Sundaresan, who goes by the pseudonym MetaKovan said that he was ready to make a much larger bid for digital art, given that it will be pivotal in the subsequent growth of the non-fungible token (NFT) space. According to the coder, he has no second thoughts about paying so much for what many say is easily accessible on the internet. To him,…

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Circle Rolls Out Credit Card Payment Solution for NFT Marketplaces

Crypto firm Circle Financial has launched a payment solution that would accept credit cards and cryptocurrencies in the Non-fungible Token (NFT) market. With this, Circle aims to advance the mainstream adoption of NFTs. Circle Pushing NFT Adoption In a statement released, the company said the broad-based mainstream adoption of NFTs was lagging due to the complexity of payment transactions, which usually require the use of cryptocurrencies. Circle said the new platform would streamline the buying and selling process by enabling platforms to accept credit card payments alongside crypto, all with a seamless user experience. Circle plans to introduce new features to…

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Tron’s Justin Sun Unveils NFT Fund Aimed at Art Acquisition

Hot on the heels of a recent winning auction bid for Beeple’s “Ocean Front” NFT, Justin Sun is making another splash in the NFT market following his decision to seed an investment fund that collects high-profile works of art. Fund Just One Leg of Sun’s Ambitions in The NFT Ecosystem Ongoing efforts to digitize art and collectibles have put the spotlight on the blockchain industry once more as dizzying NFT auction results draw high-profile artists and entertainers along with industry insiders competing for market share in the ever-expanding space. In keeping with his boisterous style and ambition to reach every…

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Rare Beeple NFTs Sold for $7, Valued at Six Figures Hours Later

Two limited-edition Beeple pieces released last week have been valued at a premium of up to 50,000x on the secondary market.  $7 NFTs Selling for Six Figures  Beeple organized two surprise drops through MakersPlace, the same marketplace that arranged his historic Christie’s sale, last week. Each piece was released in an edition of seven and priced at $7. Would-be buyers were required to enter a raffle within a few minutes to be eligible to purchase the pieces. The first raffle, which happened in the early hours on Wednesday, ran for 30 minutes. Another piece was sold on Saturday with a…

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First Brick & Mortar NFT Art Exhibition Debuts In Beijing

In an industry first, a physical exhibition for digital art in the form of non-fungible tokens (NFT) is set to launch in China, showcasing notable works from leading artists in the NFT space and the winning entries from a global digital artwork competition. Initiative Designed to Forge Greater Connections Between the Physical and Digital Art Realms As greater mainstream attention turns to the NFT collectible and art mania that delivers new auction records every passing month, one group of industry leaders is bringing digital art to the physical realm. With its inaugural event titled, “Virtual Niche – Have you ever…

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