In this week’s newsletter, read about how independent content creators are using non-fungible tokens (NFTs) to build a fanbase and monetize their businesses. Check out what industry professionals are saying about NFT gaming trends in 2023 and how an NFT influencer lost his assets by clicking on an ad on Google. In other news, find out how social media influencer Logan Paul plans to recover from his controversial NFT project, CryptoZoo. And don’t forget about this week’s Nifty News featuring the Shiba Inu NFT project, Shiboshis.
Music NFTs help independent creators monetize and build a fanbase
Cointelegraph podcast Agenda interviewed Web3 Mint podcast host Adam Levy and rapper Jay Keela to discuss music NFTs and how they can help independent creators. Levy discussed the advantages of royalty-based NFTs and patronage-based NFTs, while Jay Kela talked about how he was inspired by the technology’s ability to help artists make a living.
According to Jay Kila, NFTs may be the “last hope” for independent artists to get money more directly, and he asserted that it would be devastating.
NFT gaming trends in 2023: Industry executives expect more big players to get involved
Cointelegraph reached out to executives in the NFT gaming space to get their insights into what trends to look out for in 2023. Sky Mavis’ Alexander Larsen, BNB Chain’s Zoe Wei, and Bitkraft Ventures’ Carlos Pereira all think many traditional game studios may soon jump into the game. NFT Games.
Meanwhile, industry executives believe that blockchain game models such as Play for Profit (P2E) and Move for Profit will need some adjustments. Larsen said the P2E model does not work in its current state, while Wei said further experimentation and analysis is necessary.
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Malware delivered by Google Ads drains an NFT influencer’s entire crypto portfolio
A pseudonymous NFT influencer named NFT God recently claimed that his wallet ran out after clicking on a sponsored ad on Google that contained malware. The social media influencer tweeted that he lost a “life changing amount” due to the exploitation.
NFT God, also known as “Alex” online, claimed to have used Google to download video streaming software, called OBS. However, he accidentally clicked on a sponsored advertisement instead of on the actual website. He later realizes that he downloaded malware along with the program.
Logan Paul has revealed CryptoZoo’s $1.5 million recovery plan
YouTuber Logan Paul recently posted a three-step recovery pan for the controversial NFT project, CryptoZoo. The social media celebrity has highlighted that he is no longer suing Covezilla for posting various allegations against Paul in a series of videos investigating the project.
According to Paul, he will commit 1,000 ether (about $1.5 million) to a program that allows dissatisfied investors to burn NFTs to get their money back.
Related: The NFT Index ranks the trading performance of collectors’ wallets
Nifty News: Price Drops On ‘Cryptohouse’ With NFT Décor, Make Yourself An NFT Character And More
A collaboration between Shiba Inu’s Shibashis NFT project and luxury handbag manufacturer Bugatti Group sold out in less than two minutes. The handbag manufacturer created NFTs and offered custom luggage to those who minted them.