Another exciting week in the NFT universe has unfolded as Kiwie digitizes graffiti into new collectibles, the original meme hits the market, and a new integration between Videocoin and Filecoin supports video-based NFTs.
The fat monster meets the mint
Art collective based in Latvia Kiwie brings its legendary Fat Monster character to the blockchain as it is the first group to create and auction NFTs from physical graffiti installations. The new initiative to connect the online and offline art world includes the creation of virtual 3D models of spray-painted figures. Each is geotagged to link art ownership to the NFT.
Auction winners will also receive a metal card stating entitlement to each Fat Monster NFT. From there, the NFTs can be traded, and if the physical art installation is ever removed or deleted, the NFTs will become unique “ghost monsters”. On April 13th, the first batch of five existing fat monsters will be minted in Raribles blockchain and auctioned off. After this first auction, four more sets of unpainted monsters will be minted in the coming months.
The first meme to join the Ethernity Platform Drop
Only a few days away Ether chain On April 12, the platform officially announced that it would auction Jason Heuser’s first meme, which was originally drafted in 2012. The NFT platform, which donates a portion of all proceeds to charity, endeavors to bring exclusive, rare products collectibles from high profile artists, athletes, entertainers and industry evangelists.
In homage to the Internet itself, memes, and NFTs, the platform worked with Heuser to release a coined version of the “Welcome to the Internet” meme, as Ethernity wants to raise awareness of how NFTs can help direct creators for their efforts to reward. In total, the auction includes a further 299 pieces in addition to Heuser’s original creation.
Video NFT support is expanded to include the proof of ownership function
To meet the growing interest in merging video content with NFTs, Video coin, which operates a decentralized video processing network, integrates Filecoin Building a platform for stamping, storing and trading video NFTs. Unlike other networks that simply mint the non-fungible token, with this new integration Filecoin also offers proof of ownership to fix weaknesses in the validation of ownership and verification of origin.
Filecoin’s decentralized blockchain storage network currently has a capacity of around 2.5 billion gigabytes. Thanks to this scale, the newly announced integration can help video owners unlock the value of their catalogs by providing the actual infrastructure themselves. As an extension, Videocoin will provide the architecture necessary to optimize the platform to avoid the high costs and storage constraints that are characteristic of NFTs hosted on Ethereum.
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Photo credit: Shutterstock, Pixabay, Wiki Commons, Kiwie, Jason Heuser,