TRENDING TUESDAY | 05.04.22

UK to mint its own NFT and push forward with crypto regulation

On Monday, UK Finance Minister Rishi Sunak asked the Royal Mint to create and issue an NFT by the summer.

With stablecoins recognised as a valid form of payment, City Minister John Glen announced several steps the UK will take:

He noted that the government wants Britain to “lead the way” in crypto as a global hub for crypto asset technology and investment.

Ice Cube's BIG3 Basketball League to offer NFT ownership stakes

Big3 fans will have a chance to purchase ownership stakes of individual teams as NFTs, league founder Ice Cube announced Monday.

Two tiers of ownership will exist among the 1,000 NFTs sold for each team. The 975 "Gold" NFTs will be sold for $5,000 each, while the 25 "Fire" NFTs will go for $25,000.

Owners will get extra perks, including tickets to all Big3 games and the ability to vote on team matters. Fire NFT holders could receive licensing rights to create merchandise.

Twitch Co-Founder Justin Kan raises $35M for NFT marketplace

Twitch co-founder Justin Kan’s Fractal has raised $35 million to build out its marketplace for gaming NFTs.

San Francisco-based Fractal has opened a marketplace for video game players to discover, buy, and sell gaming NFTs. The Fractal Launchpad, helping game companies sell their initial NFT collections to the public.

Kan envisions gaming as just one of a broader set of vertical markets for NFTs across sectors such as events, music and ticketing.

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