Tuesday, September 26, 2023
HomeImmutableXMastercard to enable direct NFT purchase, NFT floor prices collapse and more

Mastercard to enable direct NFT purchase, NFT floor prices collapse and more

In this week’s newsletter, Matel plans to sign a multi-year partnership with the NFT Marketplace, allowing Mastercard to allow cardholders to purchase NFTs directly with their cards, and NFT owners will be able to buy NFTs directly. It emphasizes that you can earn millions of dollars through intellectual property rights.

Those investing in NFTs can also find out about lower rates on well-known collections such as Bored Ape Yacht Club (BAYC) and CryptoPunks. In this week’s Nifty News summary, Kraft Food’s patent application and Seth Green will reunite with BAYC NFT.

Barbie-Poetry: Mattel Inc. Signs Multi-Year Contract with Cryptoys NFT Marketplace

Well-known toy brand Mattel has partnered with Cryptoys on the NFT Marketplace to introduce brands such as Barbie and Hot Wheels as reproducible NFTs within the Metaverse. Richard Dixon, president of the toy company, believes there are brand opportunities within the Metaverse space. This toy will be featured in the Cryptoys Metaverse created by OnChain Studios and other games developed by the company.

In the summer of 2022, the studio will launch the Cryptoys NFT Marketplace on top of the Flow blockchain. In the past, Mattel stepped into the NFT space in 2021 by securing a partnership with the Wax blockchain and releasing the Hot Wheels NFT collection.

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2.9B Allows cardholders to purchase NFTs directly Mastercard

To buy an NFT, fiat owners must first convert their money to cryptocurrency. Financial services company Mastercard aims to change this by allowing 2.9 billion cardholders to buy NFTs directly without the hassle of buying cryptocurrencies first.

Financial giants have partnered with various major NFT marketplaces such as Immutable X, Candy Digital, The Sandbox, Mintable, Spring and NFT Gateway to integrate payment methods that allow users to buy NFTs directly. Apart from the marketplace, Mastercard also has a partnership with MoonPay, a provider of crypto-on and off-lamp services.

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NFT holders can earn millions of dollars through intellectual property rights, says the founder of Apocalyptic Apes

Cointelegraph interviewed Bill Starkov, the founder of Apocalyptic Apes and a member of BAYC. According to Starkov, instead of licensing NFT intellectual property rights, there is a way to use NFTs to generate income separately from flipping.

Mr. Starkov explained that BAYC holders can benefit from “licensing for commercial use of apes.” Similarly, Apocalyptic Apes executives said they could do this for other collections as well. Earlier, Starkov said people first had to wait for the project behind the NFT to mature.

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Related: NFT trading volume surges amid market and lowest price plunge

The lowest price of the popular NFT collection collapses due to the bear market

In the current bear market, the lowest prices for the well-known NFT collections BAYC and CryptoPunks are skyrocketing. BAYC has the highest and lowest price ever, 153.7 Ether (ETH) To 74ETH. Meanwhile, CryptoPunks have also fallen from ATH’s lowest price of 123 ETH to 48 ETH, as seen on the tracking site NFT Price Floor.

The fall in NFT prices occurred in the midst of a large sale within the broader crypto market. Prior to the price cut, Yuga Labs co-founder Gordon Goner also warned of an attack on the company’s social media accounts.

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Nifty News: NFT and Metaverse patented Kraft Foods files, Seth Green regains apes, etc.

The manufacturing bigwig Kraft Foods Group recently filed NFT and Metaverse patents. The company has filed trademark applications for Craft, Jero, Kool-Aid and other brands under its umbrella. Meanwhile, actor Seth Green received his BAYCNFT stolen and sold to others. The actor paid 165 ETH to buy back the NFT.

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Thanks for reading this digest of this week’s most notable developments in NFT Space. Come back next Wednesday to get more reports and insights on this actively evolving space.