Tag: NFTs

Starbucks announces plans to enter the NFT business

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Starbucks CEO Howard Schultz announced plans to enter into Non-fungible token (NFT) Business. Schultz was speaking at a city council meeting on Monday targeting Starbucks workers amid a massive union campaign. The company said in a statement that it is working on “digital innovation through NFTs and plans to continuously evolve partner benefits, with more details expected in the coming weeks.” In a video shared on Twitter by Jordan Zachrin, reporter and producer for More Perfect Union, Schultz talks about NFTs. “If I look at companies, brands, celebrities, and influencers,…

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How NFTs will be the key to accessing and experiencing the Metaverse

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Two hot topics, non-fungible tokens (NFTs) and metaverses go hand in hand, gaining a lot of media buzz, headlines, and attention. But they also asked many questions. In this weekly column, we help you navigate the quirky and promising world of NFTs and the metaverse. The most important things first Before going into details, let’s quickly summarize the two concepts. Any digital items that start with – art, photo, video, GIF, mp3 or even a selfie – can be so switched to NFT. You might think that NFT files are…

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Universal Music acquires ape NFT to lead its virtual music group

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Universal Music Group is capitalizing on the popularity of non-fungible tokens by acquiring one of the cartoon monkeys who took over the world of digital collectibles to lead an all-virtual music group. On Friday, Universal’s 10:22 PM said it had paid $360,817 to buy Bored Ape #5537 – a female character now known as Manager Noët All, to lead the group it founded in November called Kingship. Kingship, which exists only in digital form, will have its own website and presence on the messaging platform Discord, eventually producing new music…

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Bored Ape Yacht Club has been criticized by crypto enthusiasts for its new KYC project

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The creators of Bored Ape Yacht Club (BAYC) faced a backlash from its fans after the company’s latest collaboration with Animoca Brands – which requires users to undergo Know Your Customer (KYC) verification. The monkey community will need to reveal their photo identities, along with their government documents to participate in BAYC’s latest project. Although details of the project are currently unknown, BAYC has posted a link to a website where fans can apply in hopes of agreeing to participate in whatever is “prepared”. According to the tweet, users must…

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