NFT Innovation Digest #2

Most innovative (author's pick)

Idexo announced the launch of its Community Development Kit (CDK) to facilitate community growth across social platforms. The Idexo NFT API enables the creation of cross-chain NFT and gaming API.

More:

• With the tool it's possible to mint NFTs simply by tweeting or sending a Telegram message;
• bloXmove is the first user of the CDK, using it to create a dedicated NFT that users can mint on Twitter and Telegram and have access to a private sale round;
• With Indexos' API, any developer can integrate NFTs for innovative purposes for a broader audience.

Trending this week

Last Thursday, September 23, TIME magazine's NFT launch sold out its collection of 4,676 pieces in one minute with roughly 700 holders at the end of the auction.

More:

• The users experienced up to 9,000 gwei for a rapid transaction;
• Each NFT was sold for around $310 (0.1 ETH) at the launch, but 30 minutes after  the sold-out the lowest price available on the secondary market we around $9,500 (3 ETH);
• Anish Agnihotri, a researcher at Paradigm suggested on Twitter that bot activity was involved in the auction process.

Dapper Labs, the creator of NBA Top Shot Platform, announced a deal with NFL to create a football NFT marketplace.

More:

• According to Sports Business Journal, the platform will launch during the current NFL season;
• There is already a waitlist for fans at nfl.dapperlabs.com.

New products and ideas

Twitter is at the early stages of exploring NFT authentication by letting people connect their wallets and add a badge for owned NFTs as profile pictures.

More:

• Twitter developer shows the upcoming feature in a video.

Facebook has announced a two-year $50M investment in global research and program partners to build the Metaverse responsibly.

More:

• Facebook CEO Mark Zuckerberg said in June that the company is on the path to becoming "a metaverse company";
• Among the initial partners are: Organization of American States, Africa No Filter, and Women In Immersive Tech.

Ripple announced the launch of a $250M creator fund to explore new use cases for NFTs.

More:

• XRP token surged up to 7.5% following the news;
• Ripple aims to alleviate the challenges faced by creators with financial, co-marketing, technical, and creative support.

The new Chainlink-powered NFT lending protocol JPEG'd is starting from Sep 30 to enable CryptoPunk owners to deposit their NFTs into a smart contract and mint a synthetic stablecoin (PUSd), providing liquidity and the ability to interact with DeFi.

More:

• The protocol uses Chainlink's price oracle to define the collateral for a piece;
• JPEG’d plans to offer the liquidity provision service for other popular NFT collections;
• Chainlink's goal with the project is to set new industry standards for secure and price well-established NFT collections.

New podcasts and shows

• The Scoop: In this episode, the digital Artist Pplpleasr talks about her view on how the production and dissemination of art is only the first phase of NFTs and the current mainstream adoption of the technology.

NFT space in numbers

The values below are from 24-30 September 2021. Source: DappRadar.

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