NFTs: the latest news on Wikipedia, Bitwise, Coinbase and Nexo
NFTs: the latest news on Wikipedia, Bitwise, Coinbase and Nexo
NFT news

NFTs: the latest news on Wikipedia, Bitwise, Coinbase and Nexo

By Amelia Tomasicchio - 17 Dec 2021

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Lots of news today in the world of non-fungible tokens (NFTs) including Wikipedia‘s new collection, Bitwise‘s index, Coinbase‘s KYC for metaverse and Nexo‘s platform.

Wikipedia launches its own line of NFTs

Let’s start with the largest online encyclopedia, Wikipedia, which decided to launch its own line of non-fungible tokens with an auction organised by Christie’s. 

On 15 December, two NFTs went on sale, one depicting the first message written on Wikipedia, which sold for $750,000, and one for $187,500, depicting a Strawberry iMac used to create Wikipedia by Jimmy Wales.

Wikipedia also launches its own line of NFTs

Bitwise launches NFT index 

Bitwise Asset Management yesterday launched its index linked to the world of non-fungible tokens to allow institutional investors to enter the sector.

Bitwise Blue-Chip NFT Index Fund accepts a minimum investment of $25,000. 

Coinbase and the KYC of metaverse

The CEO of US exchange Coinbase, Brian Armstrong, has announced that he wants to create an identity tool for those using metaverses.

This is a kind of KYC but tied to NFT ownership, so that in the metaverse you can have unique IDs. This is what the blog post reads:

“At Coinbase, we want to help pull all the pieces of identity together-essentially creating an identity on-ramp into the Metaverse. That’s the idea behind our work with ENS, which makes it possible to create a unique NFT username that resolves to a wallet. Eventually, this will allow users to carry a unique ID across different worlds in the Metaverse.”

NEXO creates its own marketplace for lending non-fungible tokens

The NEXO platform has announced the launch of a new lending system based on non-fungible tokens.

This system is used to receive liquidity while holding NFTs, thus collateralizing artwork such as CryptoPunks and Bored Apes.

The press release reads:

“Borrow up to 20% of the value of your BAYC or Cryptopunks without selling them. No Credit Checks and prompt loan approval without the hassle of credit scores and inquiries”. 

 

Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for several international crypto-related magazines and CMO at Eidoo. She is now the co-founder and editor-in-chief of The Cryptonomist. She is also a marketing teacher at Digital Coach in Milan and she is writing a book about NFTs for the Italian publishing house Mondadori, while she is also helping artists and company to entering in the sector.

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