There are now dozens of news stories about the world of non-fungible tokens (NFTs) every day. Here is a summary of the main news of the day.
UEFA’s NFTs are here
And so Topps has announced a collaboration with UEFA for the creation of collectables of European football teams, including the women’s league.
Giovanni Motta drops new NFT
The famous Italian artist who has been in the crypto art world for a year now, today dropped his latest NFT on SuperRare. It is titled “The fate of the bridge” and, as per usual, this artwork depicts Jonny Boy, Motta’s favourite subject for his works.
Immutable receives $60 million
The Australian company that created Ethereum’s layer 2 Immutable X, announced today that it has received $60 million in investment, bringing the total to $77.5 million raised.
Investors include BITKRAFT Ventures, King River Capital, Prosus Ventures, Galaxy Interactive, Fabric Ventures, Alameda Research, AirTree Ventures, Reinventure, Apex Capital and VaynerFund, showing that more and more companies are looking to carve their own niche in the NFT world.
As interest in NFTs grows, Ethereum’s network is often clogged and fees are too high. Therefore, having fast layer 2s with fees that suit all wallets is becoming increasingly necessary.
Aave sells an NFT for 350 ETH
The CEO of one of the most popular DeFi projects in the industry, Stani Kulechov, has sold an NFT titled “Yield” for 350 Ethereum, which is more than $1 million.
What’s special about this NFT is that it gives the buyer a choice: either keep the NFT and hope it goes up in value over time, or return the NFT by October 31 and get their money back, plus an additional 10% of the initial cost.