Value Adds of NFTs

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This Week's Low-Down:

• 💸 Zora Boosts Creators’ Earnings with a Revised Revenue Model

• ⛳ LinksDAO Putts a New Spin on Golfing Membership

• 🎵 Vault Leverages Music NFTs to Relive the ‘Cassette Culture’

• NFT Trader Hanwe Chang Tricks Bot into $1.5M Scam (NFT Lately)

• PayPal Debuts ERC-20 Stablecoin, Linked to US Dollar (nftnow)

• McFarlane Toys Collabs with Rarible for Their New Batman NFT Collection (NFT Lately)

• Art Blocks and Bright Moments Collaborate for the Second Time With ‘923 Empty Rooms’ (NFT Evening)

• Reebok and VeeFriends Step Up with a Joint Sneaker Collection (NFT Lately)

• Understanding SIM Swap Attacks and How to Safeguard Yourself (nftnow)

• NFTxLV Returns to Las Vegas for a 3-Day Extravaganza of Blockchain Brilliance (NFT Evening)

• Yue Minjun’s ‘The Laughing Man’ NFT Collection to Launch on August 8th (NFT Lately)

• NFT Trader Hanwe Chang Tricks Bot into $1.5M Scam (NFT Lately)

• Elvis Presley Comes to Life in the Metaverse as an NFT Avatar! (NFT Evening)

• Hollywood Fears AI’s Impact on Film & TV: Insights from a Cinema Scholar (nftnow)

Trending Collections on OpenSea:

• frENS [Floor Price - <0.01 ETH]

• Dorkz [Floor Price - <0.01 ETH]

• Punks2023 [Floor Price - 0.06 ETH]

Zora Boosts Creators’ Earnings with a Revised Revenue Model

The eminent NFT minting platform Zora has refined its revenue model, promising creators a larger slice of minting fees revenue, enhancing their monetary gains!

• Under the new model, creators earn at least 42% from free mints and keep 100% of revenues from paid mints, encouraging more artists to showcase their work on Zora.

• Zora extends its remuneration scope to developers contributing to NFT drops on its platform, recognizing their integral role in the ecosystem.

• This change is part of Zora's response to evolving attitudes toward creator royalties and signifies a shift from an extractive to a more expansive, inclusive, and sustainable business model.

• Amidst tension between platforms and creators over royalty payments, Zora's approach appears as a beacon of hope for a more equitable NFT marketplace, prioritizing the creators who drive its ecosystem.

LinksDAO Putts a New Spin on Golfing Membership

LinksDAO, a DAO for golf enthusiasts, changes the course of golf membership by expanding its community of golfers and bringing in new real world options.

• LinksDAO crowdfunded the purchase of Spey Bay Golf Course, an 18-hole property located on the northern coast of Scotland, and is currently renovating it with plans for a grand reopening next spring or summer.

• The new membership tiers, which range from $99 to $1,499 annually, offer varying levels of access to the group’s private Discord, its network of peer-to-peer private courses, and eventually entry to Spey Bay Golf Club.

• In addition to crypto-based payment methods, Links Golf Club now accepts credit card payments in fiat currency, opening the club to non-crypto natives.

• The group also offers memberships for its Spey Bay course for LinksDAO Global or Leisure members, with prices and perks varying.

• As of the time of writing, the base price of LinksDAO NFT memberships begins at 0.165 ETH, or about $300, on OpenSea.

Vault Leverages Music NFTs to Relive the ‘Cassette Culture’

Crypto startup Vault tunes into monetizing live recordings of independent bands through NFTs, reminiscent of past ‘cassette culture’.

• Vault artists that join ‘Cassette Culture 3.0’ get 70% of the NFT sale proceeds, offering new revenue streams, especially during live show disruptions.

• Fans purchasing these NFTs can access unique performances not available on streaming platforms, promoting fan-artist connections.

• The platform’s main initiative is to highlight lesser-known bands, providing a platform for them to reach wider audiences.

• NFTs offer unique, personal experiences complementing mainstream streaming services, contributing to a more diverse music industry.

Today's edition was written by Leah Alger.

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