NFT News Roundup – 23/07/22

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It’s Saturday, which means we take our weekly stroll down the valley of the week’s NFT news, looking for a nice grassy hillock on which to pop open our Thermos and take in the view with a nice cup of tea. Onwards!

Limewire Announces Free Ibiza Party for NFT Holders

In a bid to remind us that it’s not 2001, Limewire this week announced that it is partnering with two of the biggest clubs in Ibiza, Ushuaïa and Hï Ibiza, to offer a summer season of parties, with free entry for holders of its NFTs.

Limewire NFT holders will be afforded free access to events headlined by the biggest names in the global music industry, such as DJ Snake, Ozuna, Dimitri Vegas and David Guetta.

In addition to free access for the rest of 2022, Limewire will host a launch party in Ushuaïa on July 31st, with holders allowed access to a VIP area and an open bar. To be in with a chance of snagging a free invite, punters need to add their email to the waitlist and hope that they are one of the 500 will be made available for pre-sale.

Solana Partners With Lollapalooza for NFT Scavenger Hunt

Another music festival has gone all NFT on us – the Solana Foundation this week announced partnership with the four-day Lollapalooza festival. Attendees at this year’s festival in Grant Park, Chicago, can take a break from the music they have paid to see and instead waste their time taking part in a Solana NFT scavenger hunt.

The hunt involves hunting down a selection of digital assets by exploring the Solana Compound in search of QR-activated goodies. These can then be exchanged for festival benefits like including backstage passes, unique experiences and Solana merchandise (I know what I’d prefer).

Solana divided the NFTs into four sets, each of which will be released on a different day of the festival, which takes place from July 28th to July 31st. The first experience, entrance to the Dopamine Compound curated by Solana, will be unlocked when partygoers claim their first NFT from the Solana website.

If you must, I guess.

OpenSea Opens Solana Launchpad

NFT giant OpenSea this week announced the launch of its Solana Launchpad, taking the adoption of the network to the next level. According to the company, the Solana Launchpad will play an important role in enabling the platform to achieve its overarching goal of providing customers with a rich multi-chain experience, with developers now able to host new mints on the platform through the Solana blockchain.

They will control all pre-mint, post-mint, and secondary sale events, with an allowlist feature available.

The Solana Launchpad aims to create an easy Solana-centric NFT experience, where assets stay in users’ wallets during the listing, new Solana collections automatically appear on its page and users can top up their payments with fiat at checkout.

The first two projects to launch on the Solana Launchpad will be Zoonies and Monkai, which helped with the collaboration, so fair enough. After these two have been and gone no one will give a crap until the next bull run anway.

Minecraft Bans NFTs

Mojang this week pleased many fans by announcing an imminent ban on NFTs within Minecraft. The decision seem to come from a place of technological concern but instead reflected more ideological concerns, with Mojang worried that NFTs promote scarcity rather than inclusivity and they are too focused on value.

In a piece on its website, Mojang said that NFTs “can create models of scarcity and exclusion that conflict with our Guidelines and the spirit of Minecraft”, adding that “blockchain technologies are not permitted to be integrated inside our client and server applications, nor may Minecraft in-game content such as worlds, skins, persona items, or other mods, be utilized by blockchain technology to create a scarce digital asset.”

Beyond scarcity and exclusion, Mojang also worries that certain third-party NFTs might not be trustworthy and could cost players money if purchased, given the volatility of NFTs prices and the potential for a rug pull.

This is honestly a shame, as Minecraft seems like a decent outlet for NFTs, and hopefully once the space matures they can look once again at incorporating them in the game.