NFT News: Madonna Releases New Collection, Instagram Collaborates With Dapper Labs

Social network Instagram has partnered with Dapper Labs to deploy support for Flow NFT, and Madonna has become the Mother of Creation in a tokenized world.

Madonna “Mother of Creation”

Iconic pop diva Madonna teamed up with renowned NFT artist Beeple to launch an NFT project that depicts the singer as the mother of creation, evolution and technology.

Only three NFTs have been released, each featuring Madonna giving birth to various trees, butterflies, or mechanical centipedes. Tokens will be auctioned on May 11 via SuperRare.

Madonna said all proceeds will go to three nonprofits: National Bail Out, V-Day and Voices of Children.

Instagram and Flow NFTs

The Dapper Labs team announced that they have signed a partnership agreement that will bring Flow-based NFT support to Instagram.

Dapper Labs CEO Roham Garegoslow said the move will be a game-changer for Flow NFT projects like NBA Top Shot, NFL All Day and UFC strike, as it will give them a broader view of the global audience.

It also marks one of the first major blockchain partnerships for Instagram, which has already begun testing NFT support on Ethereum and Solana, he said.

CryptoPunk sold at a huge discount

On Sunday, May 8, one of the original NFTs from the CryptoPunks collection was sold at an 86% discount.

CryptoPunk #273 sold in October for a whopping $1.003 million, worth 265 ETH at the time. But the token has since fallen out of favor at a turbulent time for the crypto sector, selling just $139,836 on Sunday morning.

CryptoPunks by Larva Labs has grown in popularity throughout 2021. In March, the project was acquired by Yuga Labs, the team behind the widely successful Bored Ape Yacht Club.

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