NFTs In A Nutshell: A Weekly Review

NFTs found another month this year in which Google searches reached an all-time high. Messi’s parade will come with an irreplaceable friend. Xbox’s Phil Spencer shares his thoughts on NFTs. It’s just another week of irreplaceable news.

Every weekend, we take a quick look at the past seven days at what’s been going on with NFTs. Let’s dive into these stories and more:

This week’s news is a non-fungible icon

Messi’s Day in Turkey NFT?

With Thanksgiving for many approaching next week, Macy’s Thanksgiving Parade has been a staple every year throughout the holiday. This year, though, Macy’s is adding a little extra flavor. The popular Thanksgiving Day Parade balloons will be released as part of the 9510 NFT kit, free to anyone on the holiday. This year is the 95th annual edition of the show. Proceeds will go to the Make-A-Wish Foundation, and will be available in the Sweet Marketplace.

Xbox’s Phil Spencer shares his thoughts on NFTs

Phil Spencer, Microsoft’s executive vice president for games, sat down with the folks at Axios last week to share some of his skeptical thoughts about NFTs in games. “I think there’s a lot of speculation and experimentation going on, and some of the creative stuff I see today seems more exploitative than entertaining,” Spencer stated.

It’s hard to argue that there are still plenty of NFT projects that can end up being rugpulls races, or they can just be pumps. However, there is no doubt that NFTs can bring potential and positive impact to gaming in more ways than one. As the NFT market matures, expect the big game companies to open their doors a bit more to incorporate them into their products.

Mars Attacks: More Ancient IPs Find Their Way To Blockchain

Topps launches “Mars Attacks” NFTs, powered by Koryo. Popular trading cards first appeared in the 1960s. Future cards will also be released in print next February, with pre-orders already on sale on the Topps webpage.

NFT searches on Google hit record levels

nft winter? There are new startup projects almost daily, existing projects are still rising, and NFTs that are more than just fine art are in high demand. While our team covered this week, NFTs have surpassed the likes of Dogecoin – setting records again for the fourth time this year after CoinGecko announced the upcoming NFT conference.

Related reading | Is Binance Smart Chain Derailed? BSC . ​​height checkers

Tezos NFTs looked like they might be in trouble after conflict led to the shutdown of the HEN marketplace. However, community members came together to revive the platform, and are working towards establishing it as a DAO moving forward. | Source: XTZ-USD on TradingView.com

The largest NFT market of Tezos returns from the grave

Arguably the biggest focal point about NFTs is the sense of community. This week, the NFT community gathered around Tezos and demonstrated exactly that after the largest NFT exchange, HEN, suddenly shut down.

HEN was NFT’s fourth largest market, and the largest Tezos dapp in existence. After HEN closed, community members collaborated to take on the platform’s smart contract. The team is working on creating a DAO for the “new HEN”.

NFT Stories sequel to Tarantino’s “Pulp Fiction”…

Earlier this month, we covered the story of legendary director and writer Quentin Tarantino who teamed up with The Secret Network to release never-before-seen footage from “Pulp Fiction” as NFTs. The plot has found some twist since then.

This week, Hollywood film production and distribution company Miramax filed a lawsuit against Tarantino over NFTs. The Miramax lawsuit alleges that any sale of Content as an NFT will be authorized and controlled solely by Miramax. Tarantino’s representation responded that Tarantino was within his rights. Assuming the case moves forward, this will be the most well-known lawsuit over NFTs to date, and it will be interesting to watch as decisions could affect NFT distribution in the future.

“Pirate Bay” from NFTs

Looking for 15TB + Tons of NFTs based on Ethereum and Solana? We will be surprised if your answer to this question is yes. However, it appears to exist, courtesy of the Australia-based artist and programmer who created “The NFT Bay,” emulating the historical torrent site The Pirate Bay.

The site brings a whole new level to “right click, save as” memes that have become a staple in the NFT community.

Related reading | The IRS seized $3.5 billion worth of cryptocurrency this year and expects more in 2022

Featured image from Pexels, Charts from TradingView.com

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