Today has been a great day in the world of NFTs and some sizzling hot stories have found their way to the surface of the planet. Here’s what we saw Thursday, October 7, 2021:

Bank of America Says NFT Value Can’t Be Ignored

The article, “Bank of America Says NFT Value Can’t Be Ignored,” published right here on Meta Masters Media News, explores a recent report by BofA Securities, a subsidiary of Bank of America on the value of decentralized finance (DeFi) and non-fungible tokens (NFTs). 

The analysts at the top Wall Street Firm point to increased adoption of these technologies among consumers and the fact that the utility of the blockchain spreads far beyond simply making and accepting payments. With NFTs providing artists a new way to engage with their audience and the blockchain providing security managed by millions of active users on a decentralized basis, the industry is expected to continue growing at a rapid rate.  

NFTs Are Being Used to Increase Real Estate Sales

In another Meta Masters Media News exclusive, we explore a recent announcement from Slate Asset Management that it will be giving away NFTs as incentives for those that purchase upscale penthouses at its One Delisle condominium. 

There are only eight NFTs in this ultra-rare collection which famed artist Petra Cortright was commissioned to develop. 

The NFTs are contemporary pieces of digital art that prominently display Cortright’s signature use of textures and layers to create an appealing work of art that’s sure to grab the attention of anyone that sees it. 

Not to mention, with the incentive program, Slate Asset Management makes history as the first Real Estate company to use NFTs to incentivise sales. 

Dolce & Gabbana Sets NFT Fashion Record with Sale Near $6 Million

In this Philadelphia Style exclusive, you’ll learn about a nine-piece NFT collection sold by Dolce & Gabbana for a whopping $5.7 million. The collection was dubbed the “Collezione Genesi,” and consisted of five physical pieces designed by Dolce & Gabbana. Each of these physical pieces of art were presented with virtual representations developed by UNXD. These pieces included The Dress from a Dream in both silver and gold, The Glass Suit, and two silver crowns known as The Lion Crown and The Doge Crown.

The other four artworks were digital only with no real-world counterparts. They included three men’s jackets and The Impossible Tiera. The digital works were based on sketches by legendary designers Domenico Dolce and Stefano Gabbana. 

You Can Now Buy NFTs From Top TikTok Creators

The NFT space has seen quite a bit of interest. Even kids are making millions in the industry. So, it comes as no surprise to see top streaming personalities getting involved too, and in this article from the ascent, Emma Newbery outlines the fact that TikTokers are getting in on the action. 

In fact, according to the article, six top TikTok moments will be auctioned off as NFTs in the coming weeks. The moments being included in the collection include:

  • Rapper CurtisRoach teams up with NFT collector COIN ARTIST;
  • Robot rapper FNMeka meets virtual shoe creator RTFKT;
  • TikTok star Jess Marciante (JessssTheMess) gets together with two NFT fans, Gary Vaynerchuk and xOr;
  • Canadian musician and NFT hero Grimes makes music with TikTok icon Bella Poarch; and
  • Grimes re-enters the fray for a charity collaboration with Kombucha girl Brittany Broski. 

This ultra-rare collection is likely to be a big hit. So keep your eyes peeled for the drop!

5 Ways NFTs Can Kickstart Your Small Business

Finally, this article by Inc. starts by outlining the fact that NFTs are everywhere and big names like Snoop Dogg, Shakira, and even brands like Burger King are getting involved. With all the hype in the NFT community, Tor Constantino suggests that small business owners can exploit the excitement to benefit their businesses. 

The article outlines five nifty ideas like using NFTs for counterfeit insurance and reward programs to keep your customers engaged with your business. If you’re a small business owner and you’ve been wondering how you can turn the NFT hype into a booster for your business, this is a must read! 

Come Back Tomorrow

That’s it for Thursday’s top stories! Come back tomorrow to check out what’s hot and what’s not in the world of non-fungible tokens!