More signs are emerging to suggest that the NFT market is on a strong rebound. While new collections are being launched, some of the existing ones are fetching several millions of dollars in sales. Yuga Labs garnered nearly US $17 million from 288 NFT. Read on to find out more.
Yuga Labs NFT fetch millions
TwelveFold, the latest NFT collection from Yuga Labs, has garnered millions in sales soon after its launch this month. Out of the 300 NFTs that were part of this series, 288 were purchased for US $16.50 million.
Yuga Labs conducted a 24-hour auction to sell TwelveFold NFT pieces that wrapped up on March 6 and witnessed a total of 3,246 bids. The highest bidder paid 7 BTC. The remaining twelve NFTs are to be delegated to contributors and will be used for Yuga Labs’ philanthropic initiatives.
Tensor raises US $3 million for NFT trading platform
Tensor, a Solana-centric NFT trading platform, has raised US $3 million in a seed round led by Placeholder. The startup was co-founded by Ilja Moisejevs and Richard Wu, bringing a collective 10 years of experience in working on trading infrastructure and data-intensive systems.
Until this point, Tensor was bootstrapped off about US $60,000 – US $70,000 in prize money from winning two Solana hackathons in 2022. Its investors in the seed round include Solana Ventures, Alliance DAO, Big Brain Holdings and Solana co-founders Anatoly Yakovenko and Raj Gokal, among others.
WISeART allows artists to showcase their NFT created by AI
WISe.ART is launching a special NFT collection of Art created by Artificial Intelligence algorithms. While art could be subjective, these new AI-generated artworks could challenge what most consider to be traditional art. Artists will be able to use this new tool to create art we cannot imagine.
In order to generate art NFTs using AI, there are several techniques that artists and creators can use on the WISe.ART platform. One of the most popular approaches is to use a Generative Adversarial Network (GAN), which is a type of neural network that can learn to generate new images by studying existing ones.
NFT marketplace Sparkles goes live on FLARE network
NFT marketplace Sparkles has gone live on the FLARE network, a decentralized blockchain system that uses its own consensus protocols. The move makes Sparkles, which handles more than 90 per cent of NFT sales on Songbird, the first NFT platform on the new Layer 1 oracle network.
Sparkles wants to leverage Flare’s native interoperability protocols to enable new use cases for NFT and their holders. Its APIs are integrated into the Bifrost Wallet, the most widely used wallet on Flare and D’Cent wallet.
The Flare network is a sophisticated blockchain technology that aims to increase the functionality of the Ethereum Virtual Machine. The project essentially wants to bring Decentralized Finance (DeFi) capabilities to other protocols like Ripple and Litecoin.
Binance accused of copying NFT creation tool from hackathon winner
Binance has been accused of plagiarism, after the launch of Bicasso, an artificial intelligence (AI) based NFT creation tool. It has been alleged that Binance copied a tool created by Chatcasso after awarding them first prize in the BNB Chain hackathon held in Seoul in December.
Binance CEO announced the launch of Bicasso on Twitter and described it as a product that can be used to turn “creative visions into NFT with AI”. This instigated community members to accuse Binance of blatantly copying his project Chatcasso and passing it off as their own.
As NFT prices as well as the market are witnessing a rebound, new launches and partnerships are also happening unabated. WISe.ART is launching a special NFT collection of Art created by Artificial Intelligence algorithms.
While art could be subjective, these new AI-generated artworks could challenge what most consider to be traditional art. Artists will be able to use this new tool to create art we cannot imagine. Hope you enjoyed reading it.