Category: NFTs

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Binance DeFi Ethereum NFTs Tokens

Best 5 Yield Producing NFT Protocols

Through 2021 into 2022, the excitement in decentralised finance (DeFi) has shifted to the non-fungible tokens (NFTs) market. These NFTs can be created from a piece of digital or real art, an in-game asset or represent value of pretty much anything.

NFTs can even be used to wrap other assets inside a smart vault (such as crypto tokens or a collection of NFTs). The marriage between NFTs and DeFi really is a match made in heaven, and together they are changing the face of finance and revolutionising the way we invest and trade digital assets.

What is a Yield NFT Protocol?

NFTs in their basic form do not earn yield, however when they are used to mint tokens and add to liquidity pools for DeFi, they can earn passive income often at high percentage returns. As DeFi and NFTs are absolutely booming right now, it’s good to know what’s out there and how you could be earning free money.

There are several projects that offer ROI opportunities if you hold NFTs. Here is a list of the 10 best yield-earning NFT DeFi platforms that let you make money with NFTs:

1. NFTX

NFTX: A community-owned protocol for NFT index funds on Ethereum

NFTX is an innovative platform that allows users to create liquid markets for illiquid non-fungible tokens (NFTs). It allows the creation of ERC20 tokens pegged to NFT tokens. Users can deposit their NFTs into an NFTX vault and mint a fungible ERC20 token (vToken) that represents a claim on a random asset from within the vault. vTokens can be used to redeem a specific NFT from a vault. If you deposit a Punk, you get an ERC20 Punk. You can always redeem the ERC20 Punk for a random same category Punk. The ERC20 tokens are tradeable on Balancer pool PUNK- CORE. If you provide liquidity to the pool, you earn fees. So, NFTX enables you to get instant liquidity from your NFTs without having to sell them.

Benefits include:

  • LP and stake minted vTokens to earn yield rewards;
  • better distribution and price discovery for NFT projects;
  • instantly sell any NFT by minting it as an ERC20 and swapping via Sushiswap; and
  • increased liquidity for NFT investors and speculators.

NFTX allows owners to mint their NFT collections and earn yield while also offering pieces of those NFTs for sale as fractionalised tokens – allowing multiple investors to co-own a piece of the digital art. So, for example, if you wanted to buy a CryptoPunk but can’t afford it, you could just buy a portion of one instead. By doing this you can be part of the Punk/ETH liquidity pool and earn a staking APR % without having to own a whole Punk outright. At the time of writing, the APR on staking a Punk was 284.38%.

The NFTX project is a DAO governed by the $NFTX token. For NFTX minting tutorials, visit docs.nftx.org. Watch the NFTX: Fractionalised NFT investing video below to learn more:

2. Charged Particles

Charged Particles is a blockchain agnostic interest-bearing NFT and DeFi protocol.

Charged Particles is an innovative NFT minting platform that allows users to deposit any ERC tokens into any non-fungible token (NFT). NFTs can also hold other NFTs! Users can create an NFT that acts as a container for DeFi yield earning tokens, or create multi-tier NFT game assets with several items encapsulated in one single token. The possibilities are literally endless.

If you want, you can combine multiple NFTs and create a new NFT collection set on the platform. A scarce NFT (eg, art, collectibles, virtual real estate, in-game items, etc) can now be transformed into a basket holding a number of other tokens. You can fuse an interest-bearing token like ‘aDai’ with your scarce NFT, configure principal and program interest. The platform is absolutely NFT agnostic, so you decide what will be your charged particle. Customisable time-locks and programmable yield offer infinite abilities for creativity.

Charged Particles is a DAO governed by the $IONX token. To read more on Charged Particles, go to docs.charged.fi. Watch the video below to learn more about what you can do on the Charged Particles platform:

3. DeFiFarms

DeFiFarms is the First NFT-enhanced DeFi Yield Farm!

DeFiFarms is an NFTs protocol, powerful automatic liquidity acquisition yield farm and AMM decentralised exchange running on Binance Smart Chain. The governance token of the platform is $DEFIY.

NFTs are the new financial technology. The potential of NFTs and the ERC-721 standard in DeFi is endless. DEFIY’s goal is to be a pioneer and one of the first to have this potential be seen by the masses. The cryptosphere moves fast, and before anyone knows it NFTs will be implemented in every new DeFi project.

DeFiFarms uses NFTs to wrap your stake, which you can burn to unstake or simply sell on the DeFiFarms marketplace. This can mitigate impermanent loss if you deem selling the NFT would earn you more than leaving it staked.

Compared to other crypto projects on the market today, here’s what makes DeFiFarms different:

  1. Automatic Liquidity
  2. Automatic Burning Mechanism
  3. Harvest Lock
  4. Anti-Whale
  5. Redistribution of deposit costs
  6. Affiliate Marketing Program
  7. Incentives when Trading

Watch the What is DeFiFarms video below to learn more:

4. Meme

Farm limited edition NFTs

MEME is an experimental protocol mashing up some of the most exciting innovations in DeFi and crypto collectibles. Put your $MEME to work by farming exclusive NFT memes. Stake LP tokens for access to Meme’s batch of legendary cards.

Meme is a passionate community experimenting at the intersection of DeFi and NFTs. Users can stake meme tokens to earn rewards and claim limited-edition NFT art and collectibles. When you stake $MEME tokens, you farm pineapples. When you have farmed enough pineapples you can redeem them for NFTs. Pineapples are non-transferable, and are only redeemable for NFTs on the Meme marketplace. Users can also stake NFTs they already own on Meme, from partner projects, to farm pineapples and claim more NFTs.

$MEME is the native token for Meme.

5. SuperFarm

SuperFarm is a passionate community building at the intersection of NFTs and DeFi

SuperFarm empowers NFT creators, collectors and traders to participate in an NFT marketplace that is open and accessible to all.

Currently Super Farm only has an NFT launchpad and NFT farming available, but the roadmap for 2022 includes NFT generation, an NFT marketplace and trading.

Bonus: Sidus, The City of NFT Heroes

Sidus is a play-to-earn gaming model that brings NFT collectibles and yield farming together under one metaverse

Sidus, The City of NFT Heroes is a new game launching soon, from Sydney developers NFT marketplace NFT STARS.

NFT Collectibles

NFT Heroes is a collection of 7,500 unique NFT avatars. Users can buy Original NFT Heroes for 0.055 ETH each. Heroes must modify their stats and equipment to create Rare Heroes and Legendary Heroes NFTs through upgrade cards that randomly appear on the project’s website and OpenSea.io once a week.

Gaming Metaverse

The game allows users to be involved in the creative process by customising their own NFT Heroes. Each avatar is its owner’s ticket into the NFT ecosystem, where they can craft, play, trade and earn. The game includes fighting battles, in the same vein as Mortal Kombat.

NFT Yield Farming

Sidus offers Galaxy staking in three tiers: Original, Rare and Legendary. By staking NFTs, NFT Heroes can farm NFTS tokens, which is the native token of the NFT marketplace NFT STARS. These tokens can be used to upgrade players avatars’ armour and buy weapons. Heroes will have real value and provide owners with the opportunity to sell multiple assets simultaneously on the marketplace.

Sidus NFT Heroes were created by NFT256 and include more than 500 artists previously involved in Disney, Sony and Marvel projects. To read more, visit the project’s medium page.

Bonus 2: Star Atlas

Star Atlas is a grand strategy game of space exploration, territorial conquest, political domination, and more

Star Atlas is a virtual gaming metaverse that combines blockchain technology, real-time graphics, and multiplayer video games to offer a unique gaming experience. Not only is Star Atlas enjoyable to play, but it gives players the opportunity to generate real-world revenue by earning in-game tokens and selling unique NFT assets.

Star Atlas is a grand strategy hybrid space game with serverless MMO gameplay. All gameplay will be real-time, and it will use the blockchain to give players ownership over in-game items, add economic-based gameplay mechanics, and implement an economic system inspired by decentralised finance. The game’s governance token is POLIS. Star Atlas is built on the Solana blockchain. To learn more, read the medium here.

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Crypto News Crypto Staking Ethereum NFTs Tokens

New NFT Marketplace LooksRare Launches as OpenSea Competitor

Upstart NFT platform LooksRare launched this week in the hope of providing an alternative to OpenSea. The project is built around the LOOKS token, which is being granted to big NFT spenders.

The LooksRare platform went live on January 10 as more and more marketplaces come together to try to take on the current market leader of NFT platforms. OpenSea saw massive growth in 2021, upping its value by 880 percent from 2020 following its latest fundraising round.  

Launched by two pseudonymous co-founders, Zodd and Guts, LooksRare claims to be a community-focused marketplace that aims to develop new features based on what its users want. According to a blog post by the marketplace, it indexes all NFTs that exist on the Ethereum blockchain so they can be traded right away. Offers can already be made on the NFTs. LooksRare also allows its users to buy and sell NFTs with ether or wrapped ether, or a mix of both.

Vampire Attack on OpenSea

Source: stockhead.com.au

LooksRare is built around its newly launched LOOKS token, which it is now using to reward users of the platform and attract existing users from OpenSea, in a practice known in the crypto world as a “vampire attack”. LOOKS is currently being exchanged on Uniswap and hit an all-time high of US$4.71 before dropping to its current price of US$3.49, according to data from CoinGecko.

In the past 24 hours, the price of LOOKS is up 56.5 percent.

The Marketplace That Rewards Big Spenders

With the help of its LOOKS token, the new marketplace is hoping to attract NFT big spenders who have already used OpenSea by allowing them to claim LOOKS tokens for free. According to LooksRare, anyone who traded more than three ETH (US$9,400) on OpenSea between June 16 and December 16, 2021, can claim a portion of the tokens.

The vampire attack takes a similar approach to last week’s SOS airdrop from OpenDAO. The airdrop allowed users who have spent money on OpenSea to claim the Ethereum token SOS, as determined by the amount spent on the marketplace.

When users buy and sell NFTs from eligible collections, they will also receive LOOKS tokens. LooksRare additionally charges a 2 percent fee on all trades, which is then handed on to those staking LOOKS tokens.

As it stands, the platform is offering a jaw-dropping 649 percent APR to those who stake LOOKS.

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Gaming Industries NFTs Play to Earn

SEGA Backtracks on NFT Plans after Fan Backlash

SEGA has put its NFT plans on the backburner after copping considerable backlash from players across the globe, many of whom are calling it another “money grab” scheme from gaming companies.

Following a SEGA management meeting held on December 24, SEGA president and CEO Haruki Satomi mentioned that his views on the play-to-earn model were still to be decided. However, back in April 2019 when the company announced to some of its global customers that it was going to produce NFTs, some responses had been “negative”.

Satomi added that “if it is perceived as simple money-making, I
would like to make a decision not to proceed”. At the moment, there seems to be an uprise from gamers against the P2E model and NFTs built into games, especially in the light of what happened with Ubisoft Quartz last month.

As companies continue to gauge the reaction of this new wave of in gaming going forward, others are jumping in head-first. Recently, the creator of SimCity launched an NFT game in which players are also creators, but it is seen more as an educational game.

Not All Gamers Like NFTs

Gamers worldwide have been growing tired of big gaming companies finding new ways to make money off their clients, before loot boxes were even a thing. For some, adding NFTs looks like another way to make just that happen.

SEGA’s Vision of a Metaverse

Satomi also briefly touched on the metaverse, stating that as a concept it would possibly change in the next five years. He sees the metaverse as a place where a community can gather, but says that shouldn’t be the be-all and end-all of a game.

We want to make Super Game as a game that supports global and multi-platform with having a network and a community. If such a game has a competitive element called PvP [player vs player], it could turn into an e-sport.

Haruki Satomi, president and CEO, SEGA

The creators of Sonic added that if they ever go into the blockchain space, they would “work with partners on new technologies and domains, including NFTs, rather than dealing with them in-house”.

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Crypto News Events Metaverse NFTs

Samsung Opens Flagship Metaverse Store in Decentraland

The American arm of South Korean electronics giant Samsung has announced the opening of 837X, a virtual replica of its flagship 873 store, in the metaverse platform Decentraland.

Samsung Steps into the Metaverse

Samsung Electronics America has undertaken a partnership with Decentraland to open a virtual Samsung store in the metaverse. The virtual version of the store is a replica of the company’s flagship store at 873 Washington St in New York City’s Meatpacking District. The virtual store, dubbed Samsung 873X, will be open in Decentraland for a limited time only, according to a press release from the company:

Samsung joins a host of enterprises that have entered the Decentraland metaverse, including the island nation of Barbados, which has established the world’s first embassy in Decentraland.

How Users Can Get Involved

Users will be invited to explore an “experiential playground” and earn non-fungible token (NFT) rewards by completing quests. The store will offer digital adventures through three areas:

  • the Connectivity Theatre, which showcases news from Samsung’s stage at the CES 2022 tech event in Las Vegas;
  • the Sustainability Forest, which comprises a “journey through millions of trees” to mark the company’s initiatives toward sustainability; and
  • the Customisation Stage, where guests will get to experience a mixed reality live dance party hosted by DJ Gamma Vives from Samsung’s physical 873 store.

Michelle Crossan-Matos, senior vice-president of corporate marketing and communications at Samsung Electronics, said in a statement:

The metaverse empowers us to transcend physical and spatial limits to create unique virtual experiences that could not happen otherwise.

Samsung Gets Ahead of the Crypto Curve

Samsung has become one of the first electronics giants to offer an immersive experience into cryptos. Earlier this week, the company also announced it would be releasing three smart TV models with NFT trading capabilities.

According to Samsung, “In 2022, Samsung is introducing the world’s first TV screen-based NFT explorer and marketplace aggregator, a groundbreaking platform that lets you browse, purchase and display your favourite art – all in one place.”

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Crypto News Ethereum Gas NFTs

Ethereum Layer 2 NFT Marketplaces Aiming to Reduce Gas Fees

With non-fungible tokens (NFTs) still steadily on the rise, gas prices and network congestion have continued to be an issue, pushing developers to build on Layer 2 solutions.

The Problem with Layer 1 Solutions

One of the common problems with NFT marketplaces built on Layer 1 (L1) solutions is that they have high gas fees and during periods of high congestion, transactions can also take longer to process. When more complex transactions are processed from DeFi, NFT marketplaces, and other applications, TPS (transactions per second) rates decline rapidly and as a result gas costs go up.

Because of these challenges, Layer 2 (L2) solutions, or ‘side-chains’, become a possible answer to the problem.

The Argent Layer 2 Solution

Argent X is an L2 built on StarkNet which aims to reduce gas fees by using zk-rollup (zero-knowledge-rollup) technology. This mechanism brings gas fees down to the minimum because it batches transactions, which are then verified off-chain using an on-chain verifier. This ease means a batch can be sent to Layer 1 and verified in a smart contract for frictionless transfers between L1 and L2.

Since its inception, StarkNet has settled over 50 million transactions and US$250 billion since the summer of 2020. By allowing developers to build on their platform they could save potential customers a pretty penny in gas fees.

Argent is crypto’s iPhone moment – highly secure with a user experience that rivals the best traditional finance apps.

Wouter Kampmann , head of engineering, MakerDAO

According to StarkNet’s official blog, “StarkNet allows any dApp to achieve unlimited scale for its computation, without compromising Ethereum’s composability and security, thanks to its reliance on the safest and most scalable cryptographic proof system — ZK-STARK.”

After its Alpha launch on December 29, StarkNet has encouraged developers to start building, though also stating that it has yet to be audited and that users should be aware it is in the Alpha stage.

Buy Crypto on Layer 2 for Only a $1 Fee

The Argent platform that uses StarkNet can give users “up to 100X cheaper fees than Ethereum thanks to zkSync’s [a rollup technology] Layer 2 network. With near-instant speed.”

The platform can also use a card, bank transfer or Apple Pay, with very low fees.

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NFTs Scams Social media Solana Tokens

MonkeyBall NFT Drop Ends in Disaster with Buyers Losing SOL

A new game being developed on Solana called ‘MonkeyBall’ has caused mayhem as angry investors take to Twitter to voice their concerns about the project.

The project was aiming to drop 5,000 Monkey NFTs on its website on January 7 at 12am AEST. But the launch countdown timer on the website didn’t even finish before a message popped up saying “drop ended”, leaving many users disappointed and angry.

MonkeyBall NFT drop closed before the countdown finished. Source: Twitter

Some users were persistently refreshing the web page, even hundreds of times, and a few were able to create a 2 SOL transaction to mint an NFT. However, the SOL was sent to MonkeyBall but no NFT was returned appearing in the wallet, leaving investors out of pocket.

The subdomain used for the drop (monkeydrop2022.monkeyball.com) did appear in the DNS a few minutes before the official countdown ended, which hackers could have used to exploit the drop and execute mint transactions to chew up the supply.

Failed Token Launch, Failed NFT Drop and Broken Promises

The MonkeyBall team also muted the Discord and Telegram communities throughout the drop, leaving users in the dark as to what was actually going on.

Some YouTubers did some investigative work to try to find out what happened. They revealed several flaws in the drop, including coding errors, bot prevention flaws and whitelist logic ambiguities.

Token Launch IDO Mayhem

This failed NFT drop comes after the project had previously promised the $MBS token launch on Starlaunch IDO, which after investors had put their money in was suddenly delayed without notice, leaving unanswered questions about the project’s integrity.

Starlaunch used Fractal to process the KYC for the MonkeyBall IDO, which experienced some problems, allowing investors to put money into the launchpad – even though they were not eligible to participate from their location – leaving a lot of investors angry and out of pocket.

Was Solana to Blame for the Failed Drop?

The MonkeyBall team has blamed Solana for the failed drop but investors are not buying it, as it appears the Solana blockchain was working fine at the time of mint:

That said, there have been some problems with the network lately after Solana suffered DDOS attacks on January 4, and it did have some downtime.

SOL users have expressed their outrage on Twitter and Reddit. One Redditor, angry for the constant delay, claimed that Solana Status was lying to its users, insisting the network had been working “completely fine” and that the delay problems might be related to slow internet connections.

Is MonkeyBall a Rug Pull?

Crypto News Australia has reported on a lot of scams in 2021 including countless rug pulls from NFT projects, to mention but a few recent Solana-related examples:

While it cannot be proved that MonkeyBall is a rug pull, we encourage investors to be cautious and take note of the red flags that have appeared. We’ve reached out to the MonkeyBall team to get some comments on this.

If you want to find out more, check out these resources:

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Crypto Art Crypto News Gaming Metaverse NFTs

ASM Brains Debuts a New Type of NFT with Artificial Intelligence

Who knew there were non-fungible tokens (NFTs) that could think for themselves?

Altered State Machine (ASM) is a platform to build, train and trade artificial intelligence (AI) “agents” using NFTs, introducing what it calls a new generation of gaming and finance in which AI bots compete and interact with each other.

NFTs With a Brain

Each agent has its own genome – effectively, its DNA. Depending on the agent’s environment, its base values are expressed in terms of strength, speed and size (in gaming) or risk tolerance and randomness (in finance). Think of it as an inboard brain.

Form, on the other hand, is what enables an agent to operate in its physical world. Owners can bring in their existing NFT art or model from another part of the metaverse, or create entirely new forms.

The third facet of agent training relates to its memories. These are specific to the agent’s genome and the world in which they were formed. Each agent can retain multiple memories, created in different worlds.

An ASM Brain NFT. Source: OpenSea

Worlds are applications that exist anywhere in the metaverse using the ASM platform. They may take the form of financial markets or sports fields, combat zones or beach bars. As new worlds grow, new forms and memories are created to explore them.

ASM NFTs are fully compatible with major platforms such as OpenSea and owners can trade their agents on the open market with players who want a head start.

AI Brings New Meaning to Football Headers

ASM Brains has a a decentralised play-to-earn gaming application called AIFA (Artificial Intelligence Football Association) Allstars, unique metaverse-ready footballers to collect and configure.

AIFA All-Stars. Source: ASM Brains

Players can build a team of Allstars, pair them with ASM Brains and train them to compete in the world’s most popular football code.

Players open an AIFA box to discover the Allstars and ASM Brain inside. The ASM Brain NFT can be loaded into any Allstar and trained to play AIFA. Owners can change the colour, body parts or accessories of characters and mint them as new NFTs to create a customised four-player AIFA team.

Holding $ASTO tokens will entitle players to vote in the DAO on the future direction of ASM.

Crypto News Australia has a wealth of additional information relating to exciting new play-to-earn NFT projects on the Solana and Cardano networks.

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Australia Crypto News Metaverse NFTs Sports

Australian Open Grand Slam Embraces Crypto with Virtual Tennis Arena and 6,776 NFTs

In a world first for top-level international tennis, the Australian Open – the 2022 season’s first Grand Slam tournament – is set to combine non-fungible tokens (NFTs) with on-court action as the event gets under way in Melbourne from January 17.

The AO, as it’s popularly known, is releasing a collection of 6,776 NFTs that align with tiny squares on the tournament’s centre court surface, along with a virtual event on the metaverse platform Decentraland.

Fans Can Buy a Piece of the Action

Fans can literally buy a piece of the action via an NFT that gives them “property” rights to a 19cm x 19cm area of Melbourne Park’s Rod Laver Arena. They stand to win a prize should the last bounce of the ball fall into their square on the deciding point in any of the approximately 600 matches during the tournament, including men’s and women’s singles, doubles, mixed doubles and wheelchair events.

From day one of the AO, fans will be able to access the virtual centre court via Decentraland, “walk around” it using a keyboard and mouse, watch the tennis action on big screens as they go, and later buy souvenir items in an online shop. They can even enter the virtual Rod Laver Arena and play a game with a simulated tennis ball machine.

Every winning shot from the tournament’s 600 matches will correspond with one of the collection’s NFTs. Owners will receive an airdrop with footage of the point, virtual wearables and AO merch. The data extracted to match the NFTs will be gleaned from the same electronic line-calling technology used to judge actual in-game points.

If the winning point happens to take place in a final, the owner of the NFT square on which the ball lands will receive the actual ball in a custom engraved case. The AO has partnered with metaverse design firm Run It Wild for the event’s construction.

Australian Open NFT Project Collaborators

How to Participate

The court location for each NFT will be determined after the collection’s minting, which takes place from 10am AEDT on January 13 for 0.067 ETH (US$225, or A$315) each. Details can be found at the ao.artball.io site.

Out of the total of 6,776 NFTs:

  • 169 will feature custom designs from winners of the AO Artist Series competition;
  • 22 will be wrapped in historical AO artwork; and
  • the remaining 6585 will be randomly created using an algorithmic combination of unique colour schemes, patterns and textures.

Tennis Australia expects to raise A$2.4 million if all of the NFTs sell, with the majority of funds going to charitable causes, the Australian Tennis Foundation and carbon offsetting.

If last year’s wildfire success of sports trading cards in Australia is any guide, the AO’s innovative NFTs are bound to be a … hit.

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Crypto Art Crypto News Investing Markets NFTs

OpenSea’s Value is 880% Higher Than a Year Ago Following its Latest Fundraising Round

OpenSea has raised US$300 million in its latest funding round, bringing the largest non-fungible token (NFT) marketplace to a US$13.3 billion post-money valuation and adding to the project’s massive growth in sales and user participation.

Paradigm and Coatue led the funding round with participation from new and existing investors.

We are excited to work with these incredible partners, thinkers and builders who collectively bring a depth of experience in Web3, NFTs, and best-in-class consumer experiences.

OpenSea blog post

Via the blog post, the project also announced its new VP of Product, Shiva Rajaraman, whose CV includes stints at Meta, YouTube, Spotify and WeWork. OpenSea’s previous head of product was Nate Chastain, who left the company after it was discovered he had used inside information to buy NFTs before they appeared on the marketplace and sold them at a profit.

OpenSea Sees Massive Growth in 2021

The US$13.3 billion valuation figure OpenSea is reporting demonstrates the growing appeal of NFTs, which can be used as blockchain-based deeds of ownership to any form of digital item. As a testament to their growth, in July 2020 OpenSea was valued at US$1.5 billion after a Series B funding round.

The marketplace has not been slowing down, posting its third-best trading day ever on January 2 with US$243 million in Ethereum NFT volume. OpenSea has recorded US$14.68 billion in sales across 1,387,357 traders worldwide, as well as a major increase in user activity.

Participants Want OpenSea to be User-Owned

Earlier this month, some of the NFT community questioned OpenSea’s ability to intervene in the workings of the platform when it froze 16 NFTs stolen from a collector.

Categories
Blockchain Crypto Art Cryptocurrencies NFTs

Display your NFTs in Real Life with a Digital Art Frame by Netgear Meural

Meural digital frames were originally designed for displaying private collections of one’s digital photos. Electronics manufacturer Netgear has now announced its plans to expand Meural Canvas capabilities to include the display of digital artworks (NFTs).

Netgear unveiled the new Meural NFT integration at the tech trade show CES 2022 in Las Vegas, US, and it is currently in beta. The new feature will allow users to connect their MetaMask wallets to the Meural device and access any NFTs they own, enabling digital art collectors to physically display NFTs in a framed “smart” canvas hanging on the wall.

Partnership with Async Art

The Meural online platform is a digital canvas marketplace to which members can subscribe and access thousands of images to display on their Meural digital frames. Joining forces with blockchain-based art platform Async Art, Meural owners will be now be able to showcase programmable NFT artworks. Async allows art enthusiasts to create, collect and trade programmable art. This technology is an extremely exciting innovation for artists and art collectors alike:

Async Art is a new art movement built on the blockchain. Create, collect, and trade programmable art: digital paintings split into ‘layers’, which you can use to affect the overall image. Art that can evolve over time, react to its owners, or follow a stock price is now all possible with programmable art.

my.meural.netgear.com

Watch the video below explaining how Async Art works:

NFT art has grown into a US$11.7 billion industry over the past year. It’s no wonder that hardware companies such as Netgear are cashing in on the opportunity to provide new products to service this fast-growing market. Check out the Meural Canvas II in action in the video below. The frames are already available in stores, although the added NFTs function is not yet released.

Netgear Follows Samsung into the NFT Market

Netgear isn’t the only tech company with eyes on the NFT market. Samsung is also set to release smart TVs with NFT trading capabilities. These new digital display devices with blockchain interoperability will help drive the online digital art movement into the mainstream and real world.

There are already online NFT art galleries in cyberspace, and it won’t be long before real-world art galleries exhibiting NFT art in digital displays such as Meural Canvas become the new normal.