Nifty News: Robinhood to launch a Web3 wallet, LimeWire inks deal with Universal and more

2 years ago

Popular trading level Robinhood is creating a non-custodial crypto wallet that volition beryllium compatible with aggregate blockchains.

The wallet volition beryllium a standalone exertion with the quality to store nonfungible tokens (NFTs) and link to NFT marketplaces. A promo video released for the wallet shows a objection utilizing Ethereum (ETH) based NFTs.

Trade and swap crypto with nary web fees. A web3 wallet from us. Get aboriginal access: https://t.co/qonXj80BEB pic.twitter.com/qLjByPA4ty

— Robinhood (@RobinhoodApp) May 17, 2022

The app is simply a important measurement for the institution successful providing crypto services. Prior to January 2022 trading crypto connected Robinhood was a closed strategy with users incapable to retreat cryptocurrency.

On January 21 Robinhood opened up crypto withdrawals to 1,000 users allowing them to nonstop crypto disconnected the platform, that fig was aboriginal expanded successful April to the much than 2 million users connected a waitlist.

Currently the wallet is constricted by an individuality verification process and lone supports 7 assets: Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dogecoin (DOGE), Ethereum, Ethereum Classic (ETC) and Litecoin (LTC).

Limeys

LimeWire, a peer-to-peer file-sharing website from the aboriginal 2000s whose marque is present owned by an NFT marketplace, has secured a woody with Universal Music Group (UMG) for artists to motorboat NFT projects.

In a statement UMG said the woody would let its artists to connection NFTs featuring contented specified arsenic audio recordings, bonus tracks, backstage footage, images and different exclusive worldly to merchantability to fans oregon collectors.

As portion of this caller partnership, UMG artists tin present connection audio recordings, audiovisual content, backstage footage arsenic good arsenic different artworks arsenic NFTs connected the @LimeWire marketplace and merchantability them straight to fans and collectors successful a harmless and trusted environment. https://t.co/oshxryaRAe

— Universal Music Group (@UMG) May 17, 2022

UMGs Senior VP of Digital Business for Central Europe Holger Christoph said the institution is “fully embracing the breathtaking Web3 space” and volition enactment to make projects with “real utility.”

The concern sees the LimeWire marque travel afloat circle, arsenic during its P2P heyday, it was a people for euphony labels owed to users illegally sharing copyrighted content. The archetypal level was yet taken down successful 2010 aft losing a tribunal conflict against the Recording Industry Association of America.

In March 2022 the marque made a comeback arsenic an NFT marketplace focused connected the euphony manufacture with brothers Paul and Julian Zehetmayr buying the rights to the sanction truthful it would instrumentality “as a level for artists, not against them.”

Okay Bears knock-off tops OpenSea, gets delisted

The fashionable NFT task “Okay Bears”, the archetypal Solana (SOL) NFT postulation to top the 24-hour rankings connected OpenSea has inspired a knock-off Ethereum-based postulation dubbed “Not Okay Bears”.

Not Okay Bears are flipped images of the 10,000 archetypal versions and concisely surpassed the 24-hour measurement of the archetypal postulation connected OpenSea. DappRadar shows implicit $3.2 cardinal successful measurement implicit the past 24 hours.

The postulation was delisted by OpenSea connected May 17 apt owed to the platform's updated policies connected collections that imitate others.

More Nifty News:

Linktree, the fashionable app utilized crossed societal media to showcase a nexus directory has launched enactment for NFTs done a concern with OpenSea allowing users to showcase an NFT assemblage and illustration picture, and let for crypto wallets to link to a user's Linktree profile.

The Sandbox metaverse has partnered with South Korean amusement steadfast Studio Dragon to make a Korean play bid wrong the Sandbox metaverse, Studio Dragon volition mint caller NFTs for the collaboration.

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