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When dollars meet the hype: The biggest NFT hits from celebrities

Republished by Plato

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Nonfungible tokens have quickly become a mainstream phenomenon, and a number of celebrities and entertainment and sporting icons are driving their popularity. The question is: Which NFT has had the most influence on this up-and-coming sector?

There is no denying that NFTs have taken the world by storm as some of the most popular digital collectibles have attracted mind-blowing price tags and led to a stampede of newcomers looking to make the most of the spotlight on the space.

While many have looked to ride the very apparent wave of success of NFTs, there are a few standout digital collectible creators that have seen their NFTs sold at auction for millions of dollars. In a short space of time, NFTs have become the new-age autograph, and the use of the technology has proliferated a variety of industries.

The world of sport has taken a fondness to NFTs as blockchain-powered digital collectibles marketplaces boom for American sports leagues such as the National Basketball Association and the National Football League. The art industry is going through a new age renaissance of sorts, evident in Beeple’s $69-million digital art piece breaking auction records and changing the way people enjoy and own art. Musicians, celebrities and content creators have also created unique NFTs that are redefining how fans and consumers acquire memorabilia, merchandise and content.

Here are some of the most influential NFTs in 2021, highlighting the creators or original owners and what those particular NFTs are now worth.

Beeple’s “Everydays”

It is only fitting that Beeple’s now-famous digital collage “Everydays: The First 5000 Days” is part of this list of notable NFTs. Its price tag alone has solidified its status as the most expensive NFT ever sold at an auction.

American digital artist Mike Winkelmann, better known by his nickname Beeple, created the digital collage, which was sold in February 2021 at renowned auction house Christie’s for a total of $69,346,250.

Beeple has been releasing a piece of digital art every single day for the past 13 and a half years, and the “Everydays: The First 5000 Days” is a collage of some 5,000 of these pieces he’s released.

The NFT’s jaw-dropping price tag was only realized in a frenzied final hour while on auction as the digital art piece saw a dramatic increase in the value of bids in the last two minutes of the auction, going up from a $20-million bid to the final bid for around $60 million. The extra $9 million was the buyer’s premium that Christie’s charges.

Jack Dorsey’s $2.9-million genesis tweet

In a weird and wonderful use-case example for NFTs, Twitter CEO Jack Dorsey successfully auctioned off the digital rights to his first-ever tweet from March 2006. The NFT tweet was eventually sold for $2.9 million in March 2021, the proceeds of which were donated to the GiveDirectly fund.

Dorsey shared a link on his Twitter profile on March 6 that took users to an online auction for his 2006 tweet, which also happened to be the first-ever made on the popular social media platform some 15 years ago.

The tweet’s auction was facilitated by the NFT platform Valuables, which allows users to mint tweets on its blockchain “creating a 1-of-1 autographed version.” People can then bid for the ownership of the autographed tweet — as explained in the Valuables FAQ. 

Dorsey’s first tweet from March 2006 reads: “just setting up my twttr.” Dorsey’s digitally autographed tweet attracted a multitude of bids, but it eventually went to Sina Estavi, the CEO of Tron-based Bridge Oracle.

Edward Snowden’s NFT

American whistleblower Edward Snowden is another notable person to have raised a large amount of money through the sale of an NFT. In 2021, he made headlines after raising $5 million through the sale of a unique piece of NFT art — with the proceeds donated to the Freedom of the Press Foundation.

The NFT art piece, titled “Stay Free,” was commissioned by Snowden to commemorate a landmark 2020 court decision ruling the United States National Security Agency’s mass surveillance violated the law. Snowden played an integral part in uncovering the violations — and the art piece comprises every page of the historic court ruling, while a silhouette of Snowden’s face is featured in the foreground of the art piece.

Snowden is perhaps one of the most widely recognizable government whistleblowers over the past decade. During his time as a former employee and subcontractor for the U.S. Central Intelligence Agency, Snowden gained access to and leaked sensitive information relating to privacy abuses carried out by the NSA.

Some seven years later, a federal appeals court ruled that the NSA’s surveillance program that collected data on Americans’ phone calls was illegal. Snowden had to seek asylum in Russia after leaking this information and has since been granted permanent residency in the country. Snowden was charged under the Espionage Act for leaking this information to the public.

Given that NFTs have surged in popularity in 2021, it is not surprising that Snowden’s “Stay Free” art piece garnered such a big price tag at auction. The NFT was snapped up by PleasrDAO, which was formed by a group of NFT art collectors.

The group posted a winning bid of 2,224.00 Ether (ETH) for the digital art piece. The final price paid for the “Stay Free” NFT is more than the annual budget of the Freedom of the Press Foundation, as Snowden noted in a tweet as bidding for the art piece heated up.

Gronk’s NFL Championship Series

NFL veteran Rob Gronkowski is arguably the most influential player from his sport to have enjoyed a successful NFT launch of digitally signed trading cards.

The Tampa Bay Buccaneers tight end entered the world of NFTs in March as he partnered with OpenSea to mint a collection of trading cards and ended up earning $1.8 million worth of ETH from the sale of the cards.

Gronkowski’s Championship Series NFTs are an homage to his four NFL titles, while the fifth and final “Career Highlight Refractor Card” was created as a tribute to those four successful campaigns. Gronkowski won three NFL titles with the New England Patriots while his fourth NFL win came alongside quarterback Tom Brady after the pair joined the Buccaneers in 2020.

The four Championship Cards featured 87 digital editions that were up for auction, while the fifth Career Highlight card was a single, stand-alone NFT.

Considering that fact, it’s unsurprising that the one-off “Career Highlight Refractor Card” netted the highest amount at auction, selling for 229 ETH valued at around $435,000 at the time. The auction lasted for two days and saw a total of 349 trading cards sold at auction as well as the one-off Career highlight card to 95 different owners. The total trading value of the auction was 1,014 ETH valued at $1.8 million on the day.

Grimes’ 20-minute, $5.8-million NFT bonanza

Last but not least, Canadian musician and visual artist Claire Elise Boucher, better known by her stage name Grimes, enjoyed an explosive NFT launch that netted $5.8 million in sales of tokenized artwork when the sale ended in March 2021.

Grimes released her first NFT collection dubbed “WarNymph,” which was created by her brother, renowned digital artist Mac Boucher. The artwork explored a fictional universe centered around a goddess stylized as an infant angel. A percentage of the proceeds from the “WarNymph” NFT sales were donated to Carbon 180, a non-governmental organization dedicated to reducing carbon emissions.

As mentioned, Grimes’ NFT art pieces were in hot demand, and copies garnered more than $5 million in sales in under 20 minutes after going live on Feb. 28. The most expensive NFT, “Death of the Old,” attracted a winning bid of $389,000.

Not just a fad it seems

As Cointelegraph previously explored, NFTs have quickly moved past the notion of being a fad, and there seems to be agreement that the space will continue to attract major investment and use in the future.

From musicians interested in breaking the boundaries of their usual releases, like the band Kings of Leon generating $2 million from its NFT album release, to a $1.8-million pair of sneakers, it is undeniable that tokenizing assets is becoming more mainstream.

Mattison Asher, who conducts research on Ethereum, NFTs and DeFi at ConsenSys, told Cointelegraph at the time that it’s hard to gauge whether the prices paid for select pieces of digital art and other NFTs will hold their value in the future, adding: “I own some NFTs, but that is because I appreciate the art and the community that was formed to create the art. Beauty is in the eye of the beholder, though, and people clearly do value Beeple’s ‘The First 5000 Days’ as evidenced by the auction.”

However, Asher contends that sales like that of “Everydays” have played a more important role in amalgamating industries that seem to have more in common than meets the eye:

“The story of crypto and Beeple are incredibly similar in nature. Both Beeple and the crypto industry as a whole have had to overcome an incredible amount of adversity in order to reach the level of success they are experiencing now. Similar to the crypto industry as a whole, Beeple has been creating digital works for years, often with little recognition.”

As Asher also highlighted, NFTs have already proven to be a highly effective medium for monetizing intellectual property, no matter what shape or form a particular NFT takes. While the five NFTs highlighted above are perhaps the most notable, there are sure to be more highly priced digital collectibles in the future.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/when-dollars-meet-the-hype-the-biggest-nft-hits-from-celebrities

Blockchain

Bitcoin Should Be In Every Portfolio, Says Mexico’s Third Richest Man

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The arrival of the death cross does not seem to scare Michael Saylor, who bought $500 million just when this terrifying pattern was forming. But Michael Saylor is not the only one who thinks so. Ricardo Salinas Pliego, the third richest man in Mexico, also believes that Bitcoin is an excellent investment.

During an interview with the director of Blockchain Land, José Rodríguez, Ricardo Salinas Pliego assured that Bitcoin is as solid an investment as gold. He explained that the debate about its nature is not so crucial for those who know its properties.

In my opinion, all the advantages that bitcoin has are enough to make the gold of the modern world … There is no point in discussing whether it is a currency or not.

There Will Be Only 21 Million Bitcoins, And That Is Key to Everything

Ricardo Salinas argues that the fact that Bitcoin is finite, easy to transport, and enjoys extreme liquidity internationally are compelling reasons to consider it as an asset worth taking into account when building an investment portfolio.

In fact, Salinas explains that from his point of view, every investor should own Bitcoin:

Bitcoin is an asset that has international value, which is traded with enormous liquidity worldwide. For that reason, it should be in any portfolio.

Ricardo Salinas is a vocal Bitcoiner. He was one of the first prominent Latin American businessmen to talk about Bitcoin and support it in social networks. He also revealed that 10% of his liquid investment portfolio was held in Bitcoin, which is obviously no small thing considering his fortune.


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But What About Altcoins?

But for now, it seems that Salinas’ relationship with Bitcoin admits no competition. When asked about the potential of Ethereum and other altcoins, Salinas was unconvinced that they can outperform Bitcoin.

Regarding Ethereum, he explained that its weakness lies in its inflationary nature.

The scarcity of Bitcoin, the 21 million, is the key to everything. That is why I mention Ethereum. Because as long as it does not have a finite amount of issuance, I will not believe them because they can issue more, and the asset depreciates.

The issue of the inflationary design of some currencies is of special importance to Ricardo Salinas. Latin American governments have abused the power to artificially issue money, which has damaged the purchasing power of the people in the long run.

Look, I started my professional career in 1981. Back then, the [Mexican] peso was 20 to 1 [dollar]. Today, on the other hand, we are at 20,000 to the dollar. And that’s here, in Mexico, but if we do it in Venezuela, Argentina or Zimbabwe, the figures lose all proportion.

As Bitcoin is a global and finite asset, it is safe from manipulation by any government, group of developers or centralizing power entities.

But there is always a little space for other projects. He said that Monero and Zcash are interesting because of the privacy that they offer.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/bitcoin-should-be-in-every-portfolio-says-mexico-third-richest-man/

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Ripple price flashes remarkable buy signals as technicals improve from the dip to $0.57

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  • Ripple price begins recovery after diving to $0.57.
  • The TD Sequential indicator presents a massive buy signal as buyers take their positions.
  • XRP aims at closing the day above $0.78 to set the precedence for the trajectory to $1.

Ripple slipped below May’s crucial support at $0.65 to trade a two-month low of $0.57. The selloff affected most crypto assets, starting with Bitcoin’s drop to $30,000.

When writing, the international money transfer token teeters at $0.62 amid a gradually building bullish momentum. Perhaps a daily close above $0.7 will call more buyers into the market upon Ripple regaining market stability.

How formidable are Ripple’s buy signals?

The TD Sequential indicator has recently flashed a buy signal on the 12-hour chart. This is a chart overlay tool that measures the volatility of an asset while tracking its trend. A buy signal forms in a red nine candlestick and implies that buyers get stronger as the bearish force fades.

On the other hand, a sell signal presents in a green nine candlestick, implying that selling pressure is about to balloon while bulls lose their grip. With a buy signal intact within the overall technical picture, massive gains are anticipated.

XRP/USD four-hour chart

XRP/USD price chart
XRP/USD price chart by Tradingview

The growing uptrend is reinforced by the Relative Strength Index (RSI), gaining momentum after leaving the oversold region. Action toward the midline will cement the growing bullish grip.

Subsequently, traders should watch for movements in the MACD. If the MACD line crosses above the signal line, the buy signal will be validated. Holding above the short-term support at $0.6 is crucial to sustaining the uptrend, while closing the day above $0.7 may bolster Ripple significantly upward.

Ripple intraday levels

Spot rate: $0.63

Trend: Bullish

Volatility: Growing

Resistance: $0.7

Support: $0.6 and $0.57

Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
John is a talented writer with over two years of experience actively contributing to the cryptocurrency industry by providing credible, interesting and easy to read the content. His main focus is on cryptocurrency price analysis and industry news coverage. Lets follow him on Twitter at @jjisige

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Source: https://coingape.com/ripple-price-flashed-remarkable-buy-signals-as-technical-improve-from-the-dip-to-0-57/

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TA: Bitcoin Eyes Recovery, Here’s Why BTC Could Struggle Near $35K

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Bitcoin price extended its decline and tested the $31,500 zone against the US Dollar. BTC is now recovering losses, but it is likely to face sellers near $34,000 and $35,000.

  • Bitcoin remained in a bearish zone and it even broke the $32,000 support zone.
  • The price is now trading well below $35,000 and the 100 hourly simple moving average.
  • There is a key bearish trend line forming with resistance near $35,100 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is likely to correct higher, but the bears could prevent gains above $35,000 in the near term.

Bitcoin Price Could Recover Losses

Bitcoin struggled to stay above the $33,000 zone and it extended its decline. BTC broke the $32,500 and $32,000 support levels to move further into a bearish zone.

The price even spiked below the $31,500 level and settled well below the 100 hourly simple moving average. It traded as low as $31,310 and it recently started an upside correction. Bitcoin is now back above the $32,000 and $32,500 resistance levels.

There was also a break above the 23.6% Fib retracement level of the recent drop from the $36,170 swing high to $31,310 low. An initial resistance on the upside is near the $33,800 level (the recent breakdown zone).

The 50% Fib retracement level of the recent drop from the $36,170 swing high to $31,310 low is also near $33,800. The main resistance is now forming near the $35,000 level and the 100 hourly simple moving average. There is also a key bearish trend line forming with resistance near $35,100 on the hourly chart of the BTC/USD pair.

Bitcoin Price

Source: BTCUSD on TradingView.com

Therefore, bitcoin bulls are likely to face a major resistance near the $35,000 zone and the 100 hourly SMA. The next major resistance on the upside sits at $36,200.

More Losses in BTC?

If bitcoin fails to clear the $33,800 resistance or the trend line resistance, it could continue to move down. An immediate support on the downside is near the $32,000 level.

The next major support is near the $31,500 level. A downside break below $31,500 could open the doors for more losses. In the stated case, the price might even test $30,000.

Technical indicators:

Hourly MACD – The MACD is slowly moving into the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is struggling to clear the 50 level.

Major Support Levels – $32,000, followed by $31,500.

Major Resistance Levels – $33,800, $34,000 and $35,000.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.newsbtc.com/analysis/btc/bitcoin-btc-eyes-recovery-35k/

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