NFT News: Prada, Formula 1, Goblins and Chaos Camp to Make Musical NFTs
Fashion house Prada will release an NFT collection backed by a clothing collection. More and more Formula 1 teams are immersing themselves in the world of NFTs. A strange collection of non-fungible tokens has broken sales records, and SongCamp is working on a Camp Chaos NFT music collection.
Prada and Cassius Hirst
Italian fashion house Prada, together with the son of the famous artist Damien Hirst, Cassius Hirst, will release a collection of non-fungible Timecapsule NFT tokens with real shirts.
According to Decrypt, NFTs contain an image of a black or white “time capsule”, which, when purchased, also gives the buyer a physical product. NFT contains the serial number of the collection and the exclusive shirt.
The tokens will be issued by the Aura blockchain consortium based on Quorum, a fork of Ethereum that Prada, LVMH and Cartier created to combat counterfeiting of luxury goods.
The fastest Formula 1 team at the 2022 Monaco Grand Prix, Oracle Red Bull Racing (ORBR), has partnered with Bybit crypto exchange to launch the ORBR 2022 NFT Collection.
The NFT collection, minted on the Tezos blockchain, has been released in a limited edition and is up for auction. NFTs represent various aspects of Red Bull’s past, present and future.
In addition, the Aston Martin F1 racing team signed a multi-year partnership agreement with the Crypto.com crypto exchange. The exchange’s NFT marketplace continues to be a popular destination for Aston Martin NFT airdrops and limited edition collectibles.
Goblintown hits the charts
Launched on May 22, a free NFT collection called Goblintown has a market capitalization of nearly $50 million at the time of writing and is in the top 30 best NFT collections.
Even though this NFT collection “does not have a roadmap. No Discord. No utility,” Goblintown is in second place in the last week in terms of trading volume with nearly $23 million according to DappRadar, ahead of collections such as Otherdeeds and Bored Ape Yacht Club.
The collection features 9,999 goblins that debuted without any real marketing or minimal hype. At the time of writing, the minimum price for NFTs is 2.7 ETH, or around $5,000, on OpenSea. The most expensive NFT from the collection was sold for 69.4 ETH, or about $130,000.
Popular NFT game STEPN closed access to users in China to comply with Chinese crypto regulation rules. Mainland Chinese users account for 5% of the platform’s total user base. Therefore, the founder of STEPN believes that this step will not have a significant impact on the company’s finances.
Camp Chaos is a project of SongCamp (SC), a Web3 collective lab experimenting on the edge of music and blockchain technology. The project involved 77 people from all over the world to create what looks more like an NFT music hackathon.
According to NFT Now, 45 songs should eventually be created, which will be released as an NFT collection of more than 20,000 unique tokens.
The new collection is being created by a team of musicians, visual artists, engineers and more, each contributing to the grand vision of Chaos. The NFT project will release on June 3 via Chaos.build as a collection of 5,000 NFT kits.
Each of these packs will contain four music NFTs, and collectors will have to decide whether to keep this pack closed or open it. With the full release of the Chaos NFT project, we will see 45 songs combined into a collection containing over 20,000 unique NFT editions of each song. The skin for each NFT will also be unique, consisting of several generative visual layers with different rarity traits.