Let’s kick off the week with the latest news related to non-fungible tokens (NFTs) in today’s Nifty News. The following collections are either ongoing or go on sale in the first week of February.
Beatles memorabilia up for auction
Julian Lennon, son of Beatles musician John Lennon, has auctioned NFT items from his personal collection of memorabilia on the YellowHeart marketplace, including the coat John Lennon wore in the movie Magical Mystery Tour and three Gibson guitars.
Lennon, however, has no intention of selling physical items because he “would like to be able to pass those items on to future generations,” he told Yahoo Finance. Each NFT contains an audio component narrated by the son, describing his connection to the subject.
The Lennon Connection auction item with the highest bid so far is Paul McCartney’s handwritten liner notes for the song “Hey Jude”. McCartney originally wrote this song to console 5-year-old Julian when his parents divorced.
“Hey Jude” notes 1:1 for Lennon Connection: The NFT Collection https://t.co/6l5nzO1CHJ pic.twitter.com/9RSXpyKwId — Julian Lennon (@JulianLennon) January 25, 2022
Gucci is going great
Fashion house Gucci and SUPERPLASTIC, maker of animated celebrities and digital vinyl toys, have teamed up for a three-part NFT collaboration dubbed SUPERGUCCI. All SUPERGUCCI purchases will be made in ETH.
The first release of SUPERGUCCI will include ten exclusive NFTs and accompanying ceramic sculptures. The main character of the collection is named CryptoJanky, inspired by SUPERPLASTIC artists Janky & Guggimon. Both the CryptoJanky NFT and the handmade sculpture were jointly designed and manufactured in Italy.
In addition, Gucci creative director Alessandro Michele created the concept online store Gucci Vault. Potential buyers can browse the microsite for pre-owned vintage Gucci items handpicked by Michele and restored and restored for sale.
Lamborghini goes to space
The Italian automaker has announced its first NFT project called Spacetime Memory: a series of five photographs of the Lamborghini Ultimae taking off into space.
Swiss artist Fabian Oefner created images from real car parts and photographs taken from a weather balloon. According to the company, the NFTs are accessible through a QR code engraved on five elements of the physical “Space Key”, whose carbon fiber elements were sent to the International Space Station as part of a joint research project with Lamborghini.
The Aventador LP 780-4 Ultimae rises above the Earth as a symbol of human space exploration: it’s called Space Time Memory and it’s our first NFT kit. Digital artwork created by Fabian Ofner in collaboration with NFT PRO will soon be up for auction.
Atari celebrates 50 years with NFT gifts
Atari decided to celebrate its 50th anniversary of making video games by creating NFTs and giving them away to fans. Gift NFTs, or GFTs, are limited-edition surprise NFTs that automatically unroll on a specific date. According to the company, this collection is dedicated to the Atari 2600 console and games such as Combat, Swordquest, Asteroids, Centipede and others.
Atari has partnered with metaverse real estate investment company Republic Realm to develop GFTs, which can be compared to loot boxes, a video game feature that presents virtual treasure chests containing in-game items.
Sign up for the limited edition Atari 50th Anniversary NFT Collection at https://t.co/0JS1xiL5Dn Secure your spot and get 10% off #GFTshoppe #nft #atari pic.twitter.com/iZQ8NkRK5Z — Atari (@Atari) January 27 2022
Other great news
LooksRare, a promising competitor to OpenSea, has raised some concerns about increased fictitious trading activity in the NFT market. Despite speculation, LooksRare has been chosen as the platform for the highest recorded sale of the Bored Ape Yacht Club, or BAYC, NFT in terms of ETH paid rather than dollar value due to the current price of ETH. On Sunday evening Bored Ape #283 was sold on LooksRare for 1080.69 ETH, or $2.85 million. BAYC recently welcomed Justin Bieber to the club by purchasing a Bored Ape #3001 for 500 ETH or $1.29 million.
However, OpenSea also faced heavy criticism from users last week after it imposed a limit on the creation of five NFT collections with 50 items per collection, whereas previously it was unlimited. Also, when the platform urged its users to cancel any inactive listings, many ended up losing their NFTs and their money due to confusing email instructions.