Following its initial foray into the non-fungible token (NFT) space with the Adidas for Prada resource project in partnership with digital artist Zach Lieberman and SuperRare, iconic fashion brand Prada has now announced its first standalone NFT collection to accompany to Prada Timecapsule.
An online event organized on the first Thursday of every month, Prada Timecapsule has opened, since December 2019, exclusive access to clothing items on its website for 24 hours. The 30th drop in this series will be combined with an NFT.
According to Prada, the asset’s design will be “adorned with Cassius Hirst’s signature mask and brain scan designs, symbolizing unity and togetherness.”
Starting June 2, #PradaTimecapsule customers will have the opportunity to become the first Prada NFT owners by purchasing a Timecapsule product that is also given away with #NFT. #Prada is also launching #PradaCrypted, the brand’s new community server on Discord. https://t.co/0ZZMaeKL1B pic.twitter.com/WofZryJp2K
— PRADA (@Prada) May 30, 2022
Some members of the NFT community have criticized Prada’s NFT efforts, suggesting that the Adidas for Prada resource project has generated relatively low utility value since its launch. The asset is currently trading on OpenSea for 0.08 Ether (ETH) and has 2,700 owners.
Eurovision winner Kalush Orchestra raises $900,000 for Ukraine
After Ukrainian hip-hop group Kalush Orchestra won the hearts of the world at the 66th Eurovision Song Contest in Turin, Italy, last month, the band decided to auction off their vibrant pink hat and crystal microphone trophy. awarded at the global fundraising ceremony. to help in the midst of the Ukrainian conflict.
An NFT rendering of the microphone will be presented to the highest bidder, which turned out to be the European cryptocurrency exchange WhiteBIT, with a very generous entry of 50 ETH, equivalent to $900,000.
We are speechless, but we have $900,000 to support Ukraine! Closed auction, Eurovision 2022 crystal trophy for @whitebit. Congratulations!
Kalush, this is your second victory! All funds will be given to the Charitable Foundation of @serhiyprytula pic.twitter.com/6bLfdPsaMs
– Meta History: War Museum (@Meta_History_UA) May 29, 2022
All funds raised from fiat and NFT auctions will be donated to the Serhiy Prytula Foundation, run by Ukrainian TV host and actor Serhiy Prytula.
“Guys, you guys are awesome. Thanks to each and every one of you who donated to this auction and a special thanks to the WhiteBit team who purchased the trophy for $900,000 and are now the rightful owners of our trophy,” the band said on Facebook.
P2E adoption soars in India and Hong Kong
In a recent report published by market research firm Finder on the geographical proportion of NFT players, India and Hong Kong are respectively identified as the leading countries out of 26 surveyed for their interaction with play-to-win games.
Axie Infinity, The Sandbox, Decentraland, and more recently, Solana-based StepN, have permeated the cultural landscape in developing regions to provide gamers with a fresh, possibly more interconnected gaming environment.
Related: Web3 gaming in the third world: Axie facilitating billions
With 28.7% of all respondents disclosing previous NFT gaming experience, representation from India and Hong Kong exceeded the average, at 33.8% and 28.7%, respectively, while the United States came in with 9.4%.
A little more ingenious…
Leading NFT fashion brand RTFKT Studios announced the winners of its pod metaverse challenge this week after narrowing down a top 10 list from thousands of submissions.
Cutting-edge landscapes and immersive architectural designs allowed viewers a glimpse into the future of the worlds of the metaverse. Each winning loot capsule will be available in the Creator Market towards the end of the year.
POD CHALLENGE WINNERS
We want to thank all of you for being part of this unique experience. The submissions amazed us and made it really hard, so we picked 5 winners!
Watch the video of the jury reviewing the winner’s selection⬇️ https://t.co/Y3eEos9JFe
— RTFKT (@RTFKT) May 31, 2022
Source: cointelegraph.com