NFT Market News: Week of January 30 to February 6, 2022

Disney is hiring more NFT team members, Warner Music Group has partnered with an original NFT platform, and the NFT community is furious with Buzzfeed.

It’s been a week without a lack of turbulence in the headlines of NFT market news.

NFT Market News: Disney Lists New NFT Vacancies

Disney is no stranger to NFT and has clearly continued NFT’s adoption of legacy IP into the digital world. The entertainment monster established an official relationship with NFT platform VeVe last October, and according to this week’s new job listings, they’re delving further into the field.

A potential NFT hiring for Disney heralds bigger plans in the metaverse.

NFT Market News: Coachella and FTX with festivals as NFT

As one of the most popular summer events every year, Coachella is acclaimed by major artists every year. This year, Coachella partnered with FTX to implement the new NFT on Solana. NFTs will mirror digital posters, with proceeds split between multiple charities and related ads.

NFT Market News: OneOf Signs deals with Warner Music Group

Music platform NFT OneOf has had an impressive start over the past year, with major music artists such as John Legend, Whitney Houston, etc. The Quincy Jones-backed platform has been up and running for less than a year and this week could mark another major milestone by signing a deal with the Warner Music Group. It’s another big project on the Tezos blockchain and while the full scope of the partnership is still unclear, don’t be surprised to see WMG artists on the OneOf platform as the relationship between the two partners develops.

NFT Market News: General News

Kanye West’s “No Thanks”: Kanye has been in the headlines for a variety of reasons over the past few months, with the latest this week stemming from a harsh stance by Ye on the NFT. After being asked by fans to do an NFT, he said “my focus is on building real products in the real world,” but didn’t deny that it might be possible.

HitPeces gets a hit: A Utah man launched an NFT website called HitPiece and began hosting music from artists big and small, sparking outrage on social media. The website is currently offline due to a letter of formal notice from the Recording Industry Association of America (RIAA).

WWF NFTs get the cold shoulder: Anyone not stranger to the crypto community can understand the tension between potential and environmental concerns surrounding blockchain technology. The World Wildlife Fund (WWF) launched NFT on Polygon – one of the greener blockchains in the NFT space – but they were not well received. There is still a long way to go to address environmental concerns in crypto.

Buzzfeed On Blast: The NFT community showed little interest in traditional media publication Buzzfeed this week after the news platform misled the founders of Bored Ape Yacht Club in an investigative report. While some say BAYC’s founders have done too much to attach their personal names to the project, including raising huge funds, most in the NFT community believe Buzzfeed has gone too far on that score, two Cheating founders without their consent.

NFT Market News: Novogratz believes NFTs will take the lead in 2022

Mike Novogratz, pro-crypto billionaire and CEO and founder of Galaxy Digital, is optimistic about the NFTs coming to market this year. In November, Galaxy Digital acquired CryptoPunk.

NFT Market News: Cameo’s latest project: Cameo Pass

Cameo has carved a niche by offering consumers a new way to connect with talent, and this week the platform is making its first foray into Web3 with a new NFT project, Cameo Pass. The Cameo Pass will begin minting on OpenSea in less than two weeks, offering exclusive Q-and-A access for celebrities and events.

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