Robinhood to launch a Web3 wallet, LimeWire inks deal with Universal and more

Home » Robinhood to launch a Web3 wallet, LimeWire inks deal with Universal and more



Well-liked buying and selling platform Robinhood is making a noncustodial crypto pockets that will probably be suitable with a number of blockchains.

The pockets will probably be a standalone software with the power to retailer nonfungible tokens (NFTs) and hook up with NFT marketplaces. A promo video released for the pockets exhibits an indication utilizing Ethereum-based NFTs.

The app is a big step for the corporate in offering crypto companies. Previous to January 2022, buying and selling crypto on Robinhood was a closed system with customers unable to withdraw cryptocurrency.

On Jan. 21, Robinhood opened up crypto withdrawals to 1,000 users, permitting them to ship crypto off the platform. That quantity was later expanded in April to the more than 2 million customers on a waitlist.

At present, the pockets is restricted by an id verification course of and solely helps seven property: Bitcoin (BTC), Bitcoin Money (BCH), Bitcoin SV (BSV), Dogecoin (DOGE), Ether (ETH), Ethereum Traditional (ETC) and Litecoin (LTC).

Limeys

LimeWire, a peer-to-peer (P2P) file-sharing web site from the early 2000s whose model is now owned by an NFT market, has secured a cope with Common Music Group (UMG) for artists to launch NFT initiatives.

In an announcement, UMG stated the deal would allow its artists to supply NFTs that includes content material resembling audio recordings, bonus tracks, backstage footage, photos and different unique materials to promote to followers or collectors.

Holger Christoph, UMGs senior vp of digital enterprise for Central Europe of UMGs, stated that the corporate is “absolutely embracing the thrilling Web3 house” and can work to create initiatives with “actual utility.”

The partnership sees the LimeWire model come full circle, as throughout its P2P heyday, it was a goal for music labels resulting from customers illegally sharing copyrighted content material. The unique platform was finally taken down in 2010 after dropping a courtroom battle towards the Recording Trade Affiliation of America.

In March 2022, the model made a comeback as an NFT marketplace centered on the music business. Brothers Paul and Julian Zehetmayr purchased the rights to the identify so it might return “as a platform for artists, not towards them.”

Okay Bears knock-off tops OpenSea, will get delisted

The favored NFT undertaking Okay Bears, the primary Solana NFT assortment to top the 24-hour rankings on OpenSea, has impressed a knock-off Ethereum-based assortment dubbed Not Okay Bears.

Not Okay Bears are flipped photos of the ten,000 unique variations and briefly surpassed the 24-hour quantity of the unique assortment on OpenSea. DappRadar shows over $3.2 million in quantity over the past 24 hours.

The gathering was delisted by OpenSea on Tuesday possible as a result of platform’s updated insurance policies on collections that imitate others.

Extra Nifty Information:

Linktree, the favored app used throughout social media to showcase a hyperlink listing, has launched assist for NFTs by way of a partnership with OpenSea in order that customers can showcase an NFT gallery and profile image and permit for crypto wallets to hook up with a consumer’s Linktree profile.

The Sandbox metaverse has partnered with South Korean leisure agency Studio Dragon to develop a Korean drama sequence throughout the Sandbox metaverse; Studio Dragon will mint new NFTs for the collaboration.