Robinhood to Launch Web3 Wallet, LimeWire Signs Universal Deal, and More

Robinhood to Launch Web3 Wallet, LimeWire Signs Universal Deal, and More

The popular trading platform Robinhood is creating a non-custodial crypto wallet that will be compatible with multiple blockchains.

The purse will be standalone application with the ability to store non-fungible tokens (NFTfor its acronym in English) and connect to NFT markets. A promotional video of the wallet shows a demo with Ethereum-based NFTs.

Trade and exchange cryptocurrencies without network fees. This is a web3 wallet from us. Get early access.

The app is an important step for the company in providing cryptocurrency services. Before January 2022, cryptocurrency trading on Robinhood was a closed system where users could not withdraw crypto.

On Jan. 21, Robinhood opened up crypto withdrawals to 1,000 users, allowing them to send crypto outside of the platform.. That figure was later expanded, in April, to the more than 2 million users on the waiting list.

The wallet is currently limited by an identity verification process and only supports seven assets: Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dogecoin (DOGE), Ether (ETH), Ethereum Classic (ETC), and Litecoin (LTC).

limeys

LimeWire, a peer-to-peer file sharing website (P2P) from the early 2000s whose brand is now owned by an NFT marketplace, has secured a deal with Universal Music Group (UMG) for artists to release NFT projects.

In a statement, UMG said that The deal would allow its artists to offer NFTs with content such as audio recordings, bonus tracks, behind-the-scenes footage, and other exclusive material to sell to fans or collectors..

As part of this new partnership, UMG artists can now offer audio recordings, audiovisual content, backstage footage, as well as other artwork as NFTs on the @LimeWire marketplace and sell them directly to fans and collectors in a seamless environment. safe and trustworthy.

Holger Christoph, senior vice president of digital business for Central Europe at UMGs, said that the company is “fully embracing the exciting Web3 space” and will work to create projects with “real utility”.

Read:  This is why XRP price bounced back to $0.72, but still at risk of seeing new lows in April

This partnership brings the LimeWire brand full circle, as during its heyday P2P was a target of record companies, because users illegally shared content protected by copyright. The original platform was finally withdrawn in 2010 after losing a court battle against the Recording Industry Association of America.

In March 2022, the brand re-emerged as an NFT marketplace focused on the music industry.. Brothers Paul and Julian Zehetmayr bought the rights to the name so it would come back “as a platform for artists, not against them”.

Imitation Okay Bears tops OpenSea and is delisted

The popular NFT project Okay Bears, Solana’s first NFT collection that topped the 24-hour rankings at OpenSea, has inspired a knock-off from the Ethereum-based collection dubbed Not Okay Bears.

Not Okay Bears are flipped images of the original 10,000 versions Y overcame briefly the 24-hour volume of the original collection on OpenSea. DappRadar shows a volume of more than 3.2 million dollars in the last 24 hours.

The collection was delisted by OpenSea on Tuesday, likely due to the platform’s updated policies on collections that mimic other collections..

More NiftyNews:

linktreethe popular application used in social networks to display a directory of links, he has thrown out support for NFT through a partnership with OpenSea for the ones users can display an NFT gallery and profile picture and allow cryptocurrency wallets to connect to a user’s Linktree profile.

The Sandbox metaverse has partnered with South Korean entertainment company Studio Dragon to develop a Korean drama series within the Sandbox metaverse.; Studio Dragon will mint new NFTs for the collaboration.

Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information set forth herein should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.

Keep reading:

Investments in crypto assets are not regulated. They may not be suitable for retail investors and the full amount invested may be lost. The services or products offered are not aimed at or accessible to investors in Spain.