NFTs in space, defunct CryptoPunks, Ernst & Young interfered


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One small step for NFTs …

Two companies have teamed up to create a recording of composer Claude Debussy’s “Clair de Lune“To and from the International Space Station on July 28th, supposedly the first time a non-fungible token (NFT) has orbited Earth.

The orbital NFT expedition is the product of a partnership between Artemis Music Entertainment and space services company Nanoracks LLC Protocol.

“The cosmic perspective of space inspires humans to cognitive change,” said Artemis Music co-founder Bob Richards, adding:

“‘Clair de Lune’ is perhaps the closest thing to the awe and amazement of space travelers.”

Clair de Lune was published by Debussy in 1905, with the tokenized rendition capturing a performance of the classic by Hong Kong-based pianist Wing-Chong Kam, which was recorded on July 19, 2021.

Richards pointed out that Artemis plans to sell the NFT in the future, adding that the funds would be passed on to the Artemis Music Foundation to support future space initiatives.

Debussy’s composition wasn’t the only NFT to make it into orbit on July 28th.Aku”Is also streamed to and from the space station by Artemis on the same day.

The forgotten CryptoPunks

The founder of the NFT marketplace Masterpiece, Jereon Hesp, has shared data showing that four wallets with 342 valuable CryptoPunks between them have not been active for at least three years.

Hesp suspected the address owners likely lost their keys or misplaced their wallet: “If you have this many punks and haven’t sold a single one, it likely means you’ve lost access to the wallet.”

Despite – or perhaps because of – their coarse, pixelated appearance, the groundbreaking NFTs have seen an extreme increase in value since the introduction of CryptoPunks in June 2017.

EY OpsChain used to create NFTs

The Italian blockchain start-up CinTech created non-fungible tokens to celebrate the 22 main scenes of the Italian film from 2012. La Leggenda Di Kaspar Kauser.

The tokens were minted with the EY OpsChain, a blockchain-as-a-service product from the Big Four auditing company Ernst & Young (EY). EY staff helped formulate the sales process and strategy for the NFTs.

CinTech founders Renato Pezzi, as well as Jacopo and Nicolo Lucignano, have stated that part of the proceeds from the sale of the token will be used to fund a documentary about the non-fungible token sector.

“We are proud to support a new and innovative way of creating value for the film industry,” said Giuseppe Perrone from EY.

Unifty decentralizes the administration

The NFT marketplace Unifty has decentralized its governance by introducing a dual token economy. On August 3, the platform announced that its native NIF token is now for governance only and introduced a new utility token for paying fees and other use cases.

The new UNT token will be issued as a reward to NIF stakeholders, with users being able to receive additional UNT rewards for participating in the project’s governance process. Unifty’s CTO, Markus Bopp, said:

“Decentralization should always be the answer in crypto. Maybe not right at the beginning when the project is still young and its success depends heavily on the great implementation and vision of the founding team, but it should be the ultimate goal. “

Unifty is currently live on Ethereum, Polygon, Binance Smart Chain, Celo, xDai and Avalanche.

Related nice news:

In other NFT news, the United Nations (UN) revealed plans to symbolize the work of young artists dealing with climate change issues. To facilitate the initiative, the organization decided to set up an NFT marketplace on Polkadot-Parachain Unique.

Dapper Labs has announced that it will be selling exclusive NBA top shot NFTs in NBA Summer League games this weekend at physical kiosks at the Thomas & Mack Center in Las Vegas. The NFTs will be the first Top Shot Moments to be sold at a live NBA basketball game.

Leading NFT marketplace OpenSea is expanding its dominance over the sector, with daily volumes now gushing to surpass the value of all trades executed collectively on the platform in 2020. The daily OpenSea volume has increased more than 650 times since 2020.

The Polygon-based CryptoPunks cloning project Polygonpunks was removed from the OpenSea marketplace earlier this week. Comments from OpenSea’s Nate Chastain suggest that the tokens were likely removed at the behest of CryptoPunks’ creator, Larva Labs.