• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
Nexo Logo

Top Stars Line Up To Support Environmentally Friendly NFT Platform OneOf

Samuel Wan by Samuel Wan
12 months ago
in Cryptocurrency news
Reading Time: 2 mins read
Advertisement

Marketplace OneOf sets its sights on disrupting the NFT industry with its goal of reforming the fan experience. The platform was designed to cater to musicians and their fans, even children and teenagers, through a user-friendly experience.

Crypto as a whole, not just NFTs, carries many negative connotations, including being overly complex and environmentally damaging. But OneOf seeks to change that through its eco-friendly and charitable ethos and by enlisting help from the glitterati.

OneOf Calls On The Stars

OneOf has the backing of music industry mogul Quincy Jones, who has secured the support of a string of popular artists. The list includes Doja Cat, John Legend, TLC, Charlie Puth, Jacob Collier, G-Eazy, Alesso, and Whitney Houston’s estate.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The project has been two years in the making and recently raised $63 million in a seed round with backing from Bill Tai. Tai is a Silicone Valley venture capitalist involved with numerous tech startups, including Zoom and Dapper Labs, which created CryptoKitties.

OneOf describes itself as “A green NFT platform built for music artists and fans.” Running on the Tezos network, it takes advantage of low fees and its Proof-of-Stake consensus mechanism to offer a better all-round experience for users and the environment.

“Deeply committed to a sustainable blockchain future, OneOf will donate a percentage of revenue from every sale to a charity of the artist’s choice, or an environmental cause partner.”

The majority of the NFT ecosystem runs on Ethereum, which suffers from high gas fees, making minting and transfer expensive. Ethereum also operates on a Proof-of-Work chain, meaning the mining process is energy-intensive. OneOf claims to be 2 million times more energy-efficient than other Ethereum-based NFT marketplaces.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Instagram Looking To Get In On Non-Fungibles

The latest market data from OpenSea shows interest in NFTs is cooling. March 2021 was the platform’s best-ever sales month, bringing in $150 million. But the following month saw a 38% slump in sales.

“On OpenSea, a major NFT marketplace, monthly sales were $93.6 million in April, having hit almost $150 million in March, compared to $95 million in February and $8 million in January.”

A similar pattern was reported by both Nifty Gateway and NBA Top Shot.

Despite that, as evidenced by NFTs holding their own during the recent crypto crash especially gaming-related items, some argue that NFTs are a better investment than cryptocurrency.

Reports from China claim the NFT sector over there is booming. So much so that Alibaba launched a digital art auction last week.

Add to that rumors of Instagram coming out with their own platform, and it’s clear that NFTs still hold appeal at the board level.

The social media giant is said to be early stages of designing its NFT platform. The firm has apparently reached out to artists inviting them to a panel discussion.

Tags: tezosxtzusdXTZUSDT
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Samuel Wan

Samuel Wan

Samuel Wan is passionate about different cultures and eating good food. He has years of experience working in business and finance — a burgeoning interest in Bitcoin and cryptocurrencies since 2017. UK based.

Related Posts

Avalanche

Avalanche (AVAX) Shows Optimism But Is This A Price Reversal?

55 mins ago
Polkadot

Polkadot (DOT) Trades Beneath $11; How Soon Will It Target $14?

2 hours ago
Cardano

Cardano (ADA) Grapples At $0.524; Bullish Trajectory Coming

12 hours ago
bitcoin hammer reversal

Hammer Time: The Bullish Signal That Could Save Bitcoin

13 hours ago
Cosmos

Cosmos (ATOM) Skyrockets 12% Following Bitcoin And Ethereum Recovery

2 days ago
How Blockchain Technology Expands The Education Frontiers

How Blockchain Technology Expands The Education Frontiers

2 days ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Wildcoins Casino

Wildcoins Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

LBank Exchange Will List FidoMeta (FMC) on May 23, 2022

May 22, 2022

Are Mountanaz (MNAZ), Bancor (BNT) and Convex Finance (CVX) the Top DeFi Projects to Watch in 2022?

May 22, 2022

ApeCoin (APE) has a New Rival: The Burgeoning Saga of RoboApe Token (RBA)

May 22, 2022

The Changing Face Of DeFi: What Is The Future Of Fundraising?

May 22, 2022

3 CRYPTOCURRENCIES THAT WILL MAKE YOU A MILLIONAIRE: PACMAN FROG (PAC), POLYGON (MATIC), AND STELLAR (XLM)

May 22, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Spin & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.