NFT Licensing, Game-Fi, and the Hardest Working Artist on the IC

Coinhustle
NFT Licensing, Game-Fi, and the Hardest Working Artist on the IC

The Internet Computer NFT market continues to see exciting news despite the lengthy bear market that crypto is experiencing. Let’s take a look at three exciting developments in the IC NFT marketplace this week.

The Internet Computer NFT market continues to see exciting news despite the lengthy bear market that crypto is experiencing. Let’s take a look at three exciting developments in the IC NFT marketplace this week.

The First NFTs on the IC with Clear Licensing Guidelines

A big question that has been raised over and over again regarding NFTs is, “What does the holder actually own?” While most of us are happy just to have proof of purchase on the blockchain, there are definitely other things that can be done with an NFT, and collections are now exploring this. Here are two prominent examples:

· The Pixel Collection – The 1/1 artworks from Jon Ball are still being auctioned, and you can see the license that comes with each artwork listed on the NFT's information page on Entrepot. So far, the sales in this collection have varied wildly from 51 ICP to 400 ICP!

It's not every day a world-class artist gives away full licensing and copyrights (although it seems to be becoming more common on the IC)

· Pineapple Punks – Ludo recently made the huge announcement on Twitter that all Pineapple Punk holders own full licensing and copyrights as long as they hold the NFT. Perhaps this is in part responsible for the sudden jump in floor price. After trending downward pretty much since the initial launch, the floor price recovered by more than 42% this week, increasing from 8.35 ICP to 11.9 ICP.

It's obvious the holders want to be able to print merchandise with their NFTs on it, but some of the most prominent artists on the IC are even willing to let holders sell that merchandise to others. That’s a big step!

Plethora Rolls Out Two Stunning New Features

It was a big week for Game-Fi on the IC. First of all, Plethora tested its multi-player feature last week. It was a huge success, and we look forward to seeing more multi-player events. But another feature that is gradually rolling out relates more directly to NFTs – playing as your owned NFT!

Buying a MoonWalker is now like collecting a skin for use in the game. 

That’s right! Plethora is gradually rolling this feature out, starting with their top players. Soon, everyone will be able to flex the MoonWalker they own by linking their wallet and showing it off in-game. This feature is closely related to the multi-player rollout since you will want to be able to distinguish yourself in-game by using an NFT you own, rather than everyone walking around with the same character and just a different name above their head.

The news hasn’t started a rush on MoonWalkers yet but keep an eye on the floor as more people join the IC and give on-chain gaming a try.

The Hardest Working Artist on the IC Just Keeps Creating

There are many beloved, hardworking, and creative artists on the IC, but I’ve got to give credit where credit is due. Egido Val seems to be everywhere. Since he got Bitboy to accept a custom WAGMI, he’s been churning out more and more of these 1/1 NFTs to attract big names to the IC. Recently, he created a 1/1 WAGMI with Elon Musk on it (the sink was a nice touch), a Mario Nawfal 1/1 commemorating one of the most epic spaces in Twitter history, and even a Ye 1/1 to welcome Kanye back to Twitter.

Egido Val is becoming known for creating 1/1 artworks in the WAGMI NFT style to try and attract celebrities and crypto influencers.

It reminds me of the saying, “You miss 100% of the shots you don’t take.” It’s an example of perseverance and work ethic that we can all learn from. In the meantime, Egido’s IC Bucks collection is seeing a sudden rise in floor price. It’s up nearly 30% this week from 0.85 ICP to 1.1 ICP.

That’s all for this week, everyone. Remember to trade responsibly!


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