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The Winamp original skin is available as an NFT

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Winamp will sell a non-fungible token (NFT) linked to its media player’s original 1997 graphical skin, becoming the latest company to blend nostalgia and crypto. Winamp will put the NFT up for auction through OpenSea between May 16th and May 22nd, followed by a separate sale of 1997 total NFTs based on 20 artworks derived from the original skin. The Winamp Foundation will receive the proceeds and promise to donate them to charities, including the Belgian Music Fund.

The NFT sale seems to be both a publicity stunt and a fundraising campaign. Winamp is sourcing the derivative art NFTs by asking artists to submit Winamp-based works between now and April 15th, then giving selected artists 20 percent of the proceeds from each sale of their image as an NFT. Nineteen of the pieces will sell in editions of 100 copies, and the remaining one will have 97; they’ll all sell for 0. 08 Ethereum — around $210 at current exchange rates. The artists will get 10 percent of any royalties on later sales, where the seller will set their own price.

Winamp’s chief of business development Thierry Acarez told The verge buyers that they will receive a blockchain token linked with an image of the original skin or one of its derivatives. This is a common setup to support NFTs. The buyer will be allowed to copy, reproduce, display and display the image but not the copyright. A page describing the terms and conditions . will also allow selected artists to agree to transfer any intellectual property related to their work to Winamp.

Winamp isn’t precisely the service you might remember from the ’90s. The MP3-playing software was acquired by AOL in 1999, then sold to online radio company Radionomy in 2014 after a long decline and shutdown. Radionomy (and later its majority stakeholder AudioValley) revamped it as a mobile audio app, then announced a broader relaunch for this year. There’s also a long-running community update project for the original app.

However, there’s a stronger connection between Winamp’s current form and its original one than some crypto projects. Venerable peer-to-peer file-sharing service LimeWire recently “relaunched” as an NFT marketplace, but it shares effectively no connection to its previous iteration; a new company apparently just bought the domain name and revived an expired trademark. It’s a little closer to a resurrected RadioShack’s plans to launch a cryptocurrency marketplace, except that this NFT sale is a small part of its relaunch as a music service, not a broader move into crypto — at least so far.

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Nike is facing a lawsuit from people who bought its NFTs

Wes Davis

Wes Davis is a weekend editor who covers the latest in tech and entertainment. He has written news, reviews, and more as a tech journalist since 2020.

A group of people sued Nike this week over its decision to wind down its virtual show project RTFKT last year. The buyers of the digital assets accuse Nike of causing “the rug to be pulled out from under them,” and say they wouldn’t have bought its NFTs if they’d known they were “unregistered securities,” reports Reuters.

Filed in New York’s Eastern District, the proposed class action lawsuit seeks “unspecified damages of more than $5 million for alleged violations of New York, California, Florida and Oregon consumer protection laws.”

Nike tried to jump into the NFT game by buying RTFKT in 2021. But, like Starbucks Odyssey, it never quite worked out and the company abandoned the idea, announcing in December via the RTFKT X account that it planned to “wind down RTFKT operations” by the end of January this year.

Since then, RTFKT has seemingly been maintained by a single person named Samuel Cardillo, who spent Thursday posting through the sudden disappearance (and later reappearance) of artwork for its CloneX NFTs project.

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Report: SEC Concludes Opensea Probe, Drops Enforcement Threat Over NFTs

The U.S. Securities and Exchange Commission (SEC) has reportedly ended its investigation into Opensea and will not pursue enforcement action against the non-fungible token (NFT) marketplace over allegations that its NFTs constituted unregistered securities, the company confirmed to Bloomberg this week. Following Coinbase, SEC Ends OpenSea Investigation Under Trump’s Regulatory Climate Opensea…
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A Beginner’s Guide to Crypto AI Agents

First, it was Bitcoin. Then defi. Then NFTs. Now, AI is taking the crypto world by storm, unlocking new possibilities (and new riches). If you’re not paying attention, you’re about to miss one of the most explosive narratives of the cycle. This piece is a guest post by Blocmates…
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