A Web3 startup has also created a subscription model that uses nonfungible tokens to offer lifetime Netflix and Spotify membership.
In this week’s newsletter, read about Playboy’s upcoming virtual mansion in The Sandbox. Check out how a startup is offering lifetime Netflix and Spotify access through nonfungible tokens (NFTs) and how NFTs can bridge gaming and blockchain.
Additionally, learn how game company GameStop launched its own NFT marketplace. And, don’t forget about this week’s Nifty News roundup featuring an “Ape Now, Pay Later” scheme from a decentralized finance (DeFi) platform.
Playboy to launch first ‘MetaMansion’ in The Sandbox
Metaverse platform The Sandbox announced that it has partnered with lifestyle company Playboy to launch a digital version of the popular Playboy mansion. With the collaboration, a Playboy MetaMansion game will be created in the digital world with NFT collectibles integrated into the social game.
Back in 2021, Playboy launched its Rabbitars NFT project, incorporating bunny avatars sold for $800 each. Within the MetaMansion, holders of Rabbitars NFTs will have special access to exclusive experiences. However, details of the project and the date of launch have not been released yet.
Croatian Web3 startup offers lifetime Netflix and Spotify membership via NFTs
Ticketing provider Revuto announced a lifetime subscription model for Netflix and Spotify through NFTs. According to the project, its Revolution NFT will allow 10,000 users a subscription model that gives them lifetime access to Spotify and Netflix.
Dino Ivankovic, an executive at Revuto, told Cointelegraph that the subscription model allows users to monetize unused subscriptions through NFTs. Additionally, the NFTs can be traded on crypto exchanges.
How will NFTs bridge traditional gaming with blockchain? Enjin CTO Witek Radomski explains
Cointelegraph Markets Pro spoke with Witek Radomski, chief technology officer at Enjin, in an ask-me-anything session about his thoughts on GameFi and NFTs. According to Radomski, once the crypto winter settles down, there will be a blockchain gaming renaissance.
The executive believes that using NFTs, blockchain games can also go beyond just earning crypto through playing. He notes that history, ownership, digital rights and utility could be linked to all digital creations through NFTs. With this, Radomski believes that NFTs could have a role in verifying digital identity to solve issues regarding impersonation.
Related: Playing it louder: Companies bring music licensing to the blockchain
GameStop releases public beta NFT marketplace
Video game company GameStop has launched a public beta of its NFT marketplace. With this project, GameStop aims to provide a low-fee and high-speed NFT marketplace to its users. Through its platform, the company will provide several features like statistics and educational content.
Apart from this, the platform is a noncustodial Ethereum layer-2 application. Users can access it through any Ethereum-compatible wallet and the GameStop Wallet. There are already hundreds of NFT collections available on the platform. However, GameStop noted that users should expect outages until the full version is released.
Nifty News: Total BAYC thefts crack $18.5 million, ‘Ape Now, Pay Later’ loans come for NFTs and more
Lending platform Teller Finance launched an “Ape Now, Pay Later” scheme that mimics the popular “buy now, pay later” payments structure in traditional finance. As the name suggests, users can acquire NFTs and pay them in installments over time.
Meanwhile, an Australian music festival has launched an event that uses NFTs in its ticketing process. The festival, dubbed The Grass is Greener, will release 1,111 NFTs that will give holders access to the event along with experiences like backstage and VIP access.
Thanks for reading this digest of the week’s most notable developments in the NFT space. Come again next Wednesday for more reports and insights in this actively evolving space.
