It was yet another steaming hot day in the NFT market today with some seriously big stories hitting the tape. The first residential NFT mortgages have been minted, Post Malone jumps on the Bored Ape Yacht Club bandwagon, WhisBe’s big drop is right around the corner, and more. Here’s what’s going on:
Post Malone Jumps On the Bored Ape Frenzy
In the first Meta Masters Media News exclusive of the day, we talk about the fact that celebrities are diving into the Bored Ape Yacht Club and Mutant Ape Yacht Club communities, with the most recent star to dive in being Post Malone.
The famed rapper recently published a music video for his song, “One Right Now.” The video starts with Malone holding a cell phone and going to the MoonPay app to buy a Bored Ape Yacht Club NFT. The Ape was #961, which Malone bought for 75 Ethereum, which worked out to about $320,000, but it wasn’t the only one purchased by the rapper. He also bought #9039 for 85 Ethereum, or $362,000.
However, it doesn’t appear that Malone paid for the NFTs. Instead, he was given 175 Ethereum by MoonPay. So, after the purchases, he was left with about 15 Ethereum with a value of around $62,000. Nonetheless, the fact that the Bored Ape Yacht Club made it into the rapper’s music video was a big win following their four Ape group KINGSHIP being signed by Universal Music and Timbaland announcing his involvement in Bored Apes.
The First Ever Mortgage NFTs Have Been Minted
Don't Miss the Next Big Story
Next up, this article starts by outlining the fact that cryptocurrency and the blockchain were started as a way to fix what the founders believed to be a broken financial system. So, it’s only natural that as the technology evolves, now bringing us NFTs, it will continue to shakeup the financial system as we know it. That’s exactly what happened when seven NFT mortgages were minted.
The mortgages were minted by Bacon, a decentralized mortgage project that was launched in September.
When a mortgage is minted on the platform, the lien for the home involved in the mortgage is placed in a smart contract. The borrower makes payments directly to Bacon, and if the mortgage is paid as agreed, the borrower receives the lien from the smart contract at the loan’s maturity. However, if the borrower defaults, the lien is sent to the lender who is free to do with it as they wish.
Mortgages aren’t the only area of the financial system seeing big changes as a result of NFTs. NFTfi also recently launched making secured loans with NFTs as collateral a reality. Learn more in the post linked to above.
The Big WhisBe Drop Happens Tomorrow
In another Meta Masters Media exclusive, our own, Rare Garbage, talks about the fact that WhisBe, a world-renowned artist that has seen his art sell for millions of dollars, is dropping an NFT collection with a multi-phase drop that starts tomorrow.
The story outlines the evolution of WhisBe’s career, starting as a street artist in New York. His work quickly caught the attention of art enthusiasts and he started to create massive sculptures that are featured in museums and art galleries around the world.
Well, tomorrow, Whisbe will be dropping his next collection, an NFT collection known as Vandalz.
The collection will be dropped in multiple phases, giving both investors and enthusiasts that already own a piece of WhisBe art an opportunity to buy, and WhisBe newbies a similar opportunity.
If you want to get in on the drop, the article above is a must read. It outlines what you’ll need to do in order to be able to purchase pieces of art in the collection as well as a roadmap covering what you can expect to see from the project over the next several years.
Opulous (OPUL) rallies 785% as fans dig the sound of NFTs in the music industry
NFTs in music are becoming all the rage. Don’t forget, in the past week Universal Music signed KINGSHIP, a music supergroup made up of three Bored Apes and a Mutant Ape, Timbaland jumped in on the Bored Ape Yacht Club, announcing that he would be producing music for the metaverse, and Post Malone featured his Ape in his music video.
There’s no question that NFTs are becoming a big part of the music scene, and in this article on CoinTelegraph, you’ll learn about a cryptocurrency that’s benefiting greatly from the trend.
Opulous, OPUL, has been rallying ever since NFTs started to break into music. Recently, the cryptocurrency has been on a tear for the top, gaining 785% in value as its investors smile from ear to ear. Find out more about the run and why investors are so excited in this article.
Hello Kitty NFTs Are Coming From RECUR, Backed By Gemini, Gary Vee And Ethereum Co-Founder Joe Lubin
Finally, if you haven’t heard of Hello Kitty, you probably live under a rock. The toy sensation flew through the United States and around the world, with Hello Kitty becoming one of the most popular brands to ever hit the children’s toy and entertainment space.
Well, now it looks like Hello Kitty is looking to expand its reach through the use of cutting-edge technology by launching its own NFT collection.
The collection will be produced by Recur and is backed by Gemini, Gary Vee, and Ethereum Co-Founder Joe Lubin. The project is expected to be a smash hit. To find out more, read this article on Benzinga!
That’s All for Today
That’s all for today my friends, come back tomorrow for the latest and greatest in NFT news!