Lots of news today in the world of non-fungible tokens (NFTs) including Wikipedia‘s new collection, Bitwise‘s index, Coinbase‘s KYC for metaverse and Nexo‘s platform.
Summary
Wikipedia launches its own line of NFTs
Let’s start with the largest online encyclopedia, Wikipedia, which decided to launch its own line of non-fungible tokens with an auction organised by Christie’s.
On 15 December, two NFTs went on sale, one depicting the first message written on Wikipedia, which sold for $750,000, and one for $187,500, depicting a Strawberry iMac used to create Wikipedia by Jimmy Wales.
Bitwise launches NFT index
Bitwise Asset Management yesterday launched its index linked to the world of non-fungible tokens to allow institutional investors to enter the sector.
Bitwise Blue-Chip NFT Index Fund accepts a minimum investment of $25,000.
Coinbase and the KYC of metaverse
The CEO of US exchange Coinbase, Brian Armstrong, has announced that he wants to create an identity tool for those using metaverses.
This is a kind of KYC but tied to NFT ownership, so that in the metaverse you can have unique IDs. This is what the blog post reads:
“At Coinbase, we want to help pull all the pieces of identity together-essentially creating an identity on-ramp into the Metaverse. That’s the idea behind our work with ENS, which makes it possible to create a unique NFT username that resolves to a wallet. Eventually, this will allow users to carry a unique ID across different worlds in the Metaverse.”
NEXO creates its own marketplace for lending non-fungible tokens
The NEXO platform has announced the launch of a new lending system based on non-fungible tokens.
This system is used to receive liquidity while holding NFTs, thus collateralizing artwork such as CryptoPunks and Bored Apes.
The press release reads:
“Borrow up to 20% of the value of your BAYC or Cryptopunks without selling them. No Credit Checks and prompt loan approval without the hassle of credit scores and inquiries”.
