In this week’s issue, read how indie creators can use the non-fungible tokens (NFTs) based on music to build a fan base and monetize your work. Take a look at what industry professionals are saying about NFT gaming trends in 2023 and how an influencer lost their assets by clicking an ad on Google. In other news, find out how popular YouTuber Logan Paul is planning a comeback for his controversial NFT project, CryptoZoo. And don’t forget about this week’s Nifty News featuring the Shiba Inu NFT project, Shiboshis.
Music NFTs help independent creators monetize and build a fan base
The Cointelegraph podcast, The Agenda, interviewed Web3 Mint podcast host Adam Levy and rapper Jay Kila to discuss music NFTs and how they can help independent creators. Levy talked about the benefits of ownership-based NFTs and patronage-based NFTs, while Kila talked about how the technology’s ability to help artists earn a living inspired him.
According to Kila, NFTs may be the “last hope” for independent artists to get money more directly, noting that they would be revolutionary.
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NFT Gaming Trends for 2023: Industry Executives Expect More Large Companies to Enter
Cointelegraph reached out to executives in the NFT gaming space for their thoughts on trends to watch out for in 2023. Alexander Larsen, by Sky Mavis, Zoe Wei, of BNB Chain, and Carlos Pereira, of Bitkraft Ventures, believe that many of the big game developers will soon jump into the NFT gaming industry.
Meanwhile, industry executives believe that blockchain gaming models such as play-to-earn (P2E) and move-to-earn will need some fine-tuning. Larsen stated that the P2E model does not work in its current state, while Wei said further experimentation and analysis is needed.
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A malware distributed by Google Ads drains the entire cryptocurrency wallet of an NFT influencer
A pseudonymous influencer called “NFT God” recently claimed that his wallet had been emptied after he clicked on a Google sponsored ad that contained malware. The influencer tweeted that he had lost “a life-changing amount” because of the exploit.
NFT God, also known as “Alex” on the Internet, claimed that used Google to download video streaming software called OBS. However, you mistakenly clicked on a sponsored ad instead of the actual website. He later realized that he had downloaded malware along with the software.
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Logan Paul Unveils $1.5 Million Payback Plan For CryptoZoo Investors
YouTuber Logan Paul recently posted a three-step recovery plan for his controversial NFT project, CryptoZoo. The social media star stressed that she will no longer take legal action against Coffeezilla for posting various allegations against him in a series of videos in which she investigated the project.
According to Paul, he will put 1,000 Ether (about $1.5 million at current prices) toward a program that allows disgruntled investors to burn their NFTs to get their money back.
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Nifty News: Lower the price of the ‘house’ with NFT decoration, coin your personality as NFT and more
The collaboration between Shiba Inu’s “Shiboshis” NFT project and luxury bag brand Bugatti Group sold out in less than two minutes. The bag maker created NFTs and offered custom luggage to those who minted it.
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Thanks for reading our roundup of the week’s top happenings in the NFT space. See you next Wednesday with more news and perspectives on this space in full evolution.
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