NFT Market News: Week of February 7-13, 2022

A US state can buy NFT, Alfa Romeo gets into NFT, OnlyFans and NFT etc. These are just some of the most important NFT news of the week. Let’s review the highlights of the NFT market over the last 7 days.

NFT Market News: Salesforce is planning an NFT marketplace

According to various sources citing an online Salesforce event, cloud-based company Salesforce is planning an NFT marketplace.

The San Francisco-based company is traded on the New York Stock Exchange and is a market leader in cloud solutions for customer relationship management.

Salesforce co-CEO Marc Benioff bought Time Magazine, a publication that does well in the NFT space, in 2018. There have been reports of internal discussions over whether or not the company will partner, possibly as a competitor could be viewed from OpenSea.

NFT Market News: WWF Drops NFTs After Criticism

There has been much drama in the NFT community regarding the massive response to the World Wildlife Fund’s (WWF) initial NFT effort. The foundation has sought to develop NFTs that help educate individuals and raise funds for environmental activism. And despite the focus on the environment, with plans to take the project to Polygon, public outcry has been overwhelming and WWF has since scrapped the project.

NFT Market News: This SUV is equipped with NFT

Italian automaker Alfa Romeo made headlines this week announcing that the new Tonale SUV will be fitted with NFTs to ‘certify’ the vehicle and can be used to verify that the vehicle has insurance.

It’s a whole new integration for NFT and automakers as many other premium car brands like Ferrari and Lamborghini have focused on professional racing or IP integration. Just type NFT.

NFT Market News: Can the US invest in NFT?

Tennessee’s new bill, proposed by state legislator Jason Powell, House Bill 2644, could allow a county, municipality or state to invest in cryptocurrencies, blockchain tools and NFTs. Powell has also proposed a bill that would create a research committee to make the state “the most progressive and business-friendly state for crypto and blockchain, while fostering an environment that is both futuristic and business-friendly.” Economic Market for Blockchain and Cryptocurrencies”.

NFT Market News: NFT Rugpulls are popping up

Often associated with new ICOs, rugpulls are still prevalent in the crypto community space today. However, Rugpulls is increasingly associated with NFT projects that map out detailed roadmaps for the future and bring unique artworks to market, then abandon the project, often due to developer and/or designer defaults, and community social sites.

The latest project in this space appears to be “Squiggles,” a new NFT project that has borne fruit in recent days, prompting a significant outcry from the NFT community after the 60-page manifesto outlined scammers.

NFT Market News: OnlyFans adopts NFT profile picture

Twitter is a de facto leader in allowing users to post their profile picture on NFT. However, many other social media sites seem to be adopting the theme.

Now adult content platform OnlyFans is the latest site to adopt NFT profile pictures. “This feature is the first step in exploring the role that NFT can play on our platform,” said CEO Ami Gan. The platform has continued to strive to change its identity from an adult creator platform and aim to launch new content industries. This move to adopt NFT could signal the latest attempt to do just that.

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