Connect with us

NFT

Lil Nas X and Bella Poarch are releasing TikTok NFTs

.

TikTok has partnered with selected creators, celebrities and online entities such as Lil Nas, Bella Poarch and Grimes to release a collection non-fungible tokens .. These TikTok Top moments, as the company calls them, were inspired by six TikTok videos that are culturally significant. They come in the form one-of-one NFTs. TikTok will auction them along with a limited edition NFTs that it will sell every week throughout October.

The partners, creators and new material being auctioned off vary. On October 6th, Lil Nas X will be the first to auction with a collaboration featuring Rudy Willingham. Grimes will collaborate with Brittany Broski (“Kombucha Girl”) and Bella Poarch separately. The full list of collaborations on TikTok goes into greater detail about these choices, but it oddly misses details about how creators will actually be paid.

“Proceeds largely will go directly to creators and NFT artist involved,” TikTok writes. The verge asked the company to breakdown specific percentages. TikTok states that the majority of earnings will be donated to NFT creators. Rest will go to ImmutableX, which deals in NFT trading, and the Museum of the Moving Image. This museum will host a TikTok exhibit featuring the six main pieces of the TikTok collection. TikTok won’t take any sales proceeds and states that weekly drops of limited edition NFTs “will be sold at accessible prices points to ensure each creator can own a piece their history .”

.”

While “owning” a viral TikTok may seem like a great idea, it is important to consider the potential environmental impacts it might have. NFTs and other blockchain-based projects can use huge amounts of energy , through design. Immutable X claims that the NFTs it assists TikTok mint with will be carbon-neutral, but not all NFTs and NFT marketplaces can claim this. Similarly, whether you actually “own” the video NFT you purchase is — outside of the philosophical implications — dependent on the security of wherever they’re stored.

For more information on TikTok Top Moments, visit Immutable X and TikTok’s site.

Read More

NFT

NFTs Enrich Gaming Communities, Drive Stronger Engagement, Says Gaming Veteran

According to Luke Paglia, the COO at AGMI Studios, while traditional non-fungible token (NFT) art has lacked real utility, which explains its declining popularity, NFTs still have an important role to play in the gaming industry. To back this assertion, Paglia cites game developers’ use of NFTs “to innovate and bring new forms of value [……
Read More

Continue Reading

NFT

Futurama’s new season struggles to make NFTs and AI funny

It only takes a few minutes before Futurama’s new season starts explaining non-fungible tokens, or NFTs, a concept most people probably haven’t thought about for more than a year.

Despite being set in the far future, Futurama has always been comfortable commenting on modern life. There have been episodes about smartphones and 3D printers that use sci-fi nonsense to complicate the concepts in a way that makes them funny. That has largely continued to be true over many years (and cancellations). But in its Hulu revival last year, the show really started to mess up the balance, and its topical jokes began to overshadow the sci-fi gags. The upcoming 12th season struggles even more to find a Futurama-style twist on absurd ripped-from-the-headlines storylines about NFTs and AI. It makes for an uneven season that often feels like it’s missing what originally made the show so special.

The NFTs are the most egregious example, and they also happen to be featured heavily in the debut episode, which makes for a terrible first impression. The convoluted plot involves Bender selling a CryptoPunks-style collection to make a quick buck, which somehow leads him on a quest to discover his origins in Mexico. Meanwhile, the rest of the Planet Express crew attempts a heist to liberate Bender’s NFT collection from an art museum, only to be thwarted by the complexities of the blockchain and digital ledgers.

The problem is that these aren’t some sort of quirky Futurama take on NFTs — they’re just regular NFTs as we know them now, terrible art connected to a digital receipt. The episode spends an annoyingly large part of its runtime explaining the concept — which, to be fair, is hard to do succinctly — without offering much by the way of jokes or commentary. It just assumes NFTs in and of themselves are enough to make people laugh.

More than a decade ago, when we all thought Futurama was really over for good, executive producer and head writer David X. Cohen explained to me how the show was able to successfully translate modern problems into its retrofuturistic world. “We always like it when the real world gives us ideas for episodes,” he said. “Setting the show 1,000 years in the future does not mean you’re not going to comment on society today, it just makes it one step removed.” As the NFT episode proves, it’s that “one step removed” part that’s so important. Without it, the episode is a bunch of dull jokes that are also painfully dated.

I’ve seen the first six episodes of the season (there will be 10 in total), and things fare slightly better later on. There’s a Squid Game spoof that explores Fry’s childhood through some kind of bizarre time travel and a fast-fashion episode that turns Cara Delevingne into Frankenstein’s monster and the professor into a style icon. I wouldn’t say these are examples of Futurama at its best — the jokes are hit or miss, and most are lacking the heart that keeps the show grounded. But they at least understand Futurama’s original premise: using this weirdo future as a lens to exaggerate modern issues.

This is less true in the most unoriginal episode of the bunch, when the show turns an AI chatbot into Leela’s jealous friend. It’s just about every AI movie trope rolled into 20 minutes of animation. It’s also pretty weird to tackle AI as a new thing at all given Futurama is swarming with sentient robots.

Maybe there’s more heart and wit in the later episodes, as Hulu does promise the season will explore “the next chapter in Fry and Leela’s fateful, time-twisted romance.” But from what I’ve seen, the balance is too far askew. There’s too much focus on being topical and not enough on the oddball humor, long-running characters, and warmth that has made it all work so well before. Like the rest of the world, Futurama should’ve left NFTs in the past.

Futurama season 12 starts streaming on Hulu on July 29th.

Read More

Continue Reading

NFT

Trump Reaffirms Support for Crypto, Plans to Launch 4th NFT Collection

Former U.S. President and presidential candidate Donald Trump has reaffirmed his support for cryptocurrency, emphasizing: “If we don’t do it, China is going to pick it up” and dominate the industry. He revealed that he will launch another non-fungible token (NFT) collection. He stressed that almost all of his previous NFTs were paid in crypto…
Read More

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.