There is a lot happening around NFTs every day. We have chosen some catchy NFT news from the recent week. NFTs are still booming while the crypto market is fluctuating and is actually falling the last few days. Let’s pop in the new week with these easy to read news dedicated to the NFT space. Curious about how the NFT sphere progresses? SUKU’s new NFT platform claims to be ‘Carbon Negative’. Read on to find out more.
Major League Soccer Launching Its First NFTs
Street artists will “battle” live to create the NFT art based around two games, one artist representing each of the four MLS Squads.
The top U.S. pro soccer league announced it will launch a collection of four NFT art pieces related to two big games which are Portland Timbers vs L.A. Galaxy and Seattle Sounders vs. Atlanta United.
These games are about to take place this coming weekend.
The NFT art will be created live by four street artists. Each artist will represent one MLS squad. In a one-hour “battle series” streamed on Bitski site on Friday at 6pm EST, where the NFTs will go on sale.
The artists are:
- Mighty Short (Timbers)
- Aaron Kai (Galaxy)
- Kyler Martz (Sounders)
- Paper Frank (United)
This is the first time MLS has released league-approved NFTs.
The league says a portion of the proceeds will be used to offset carbon emissions. This will make the collaboration completely carbon neutral. MLS cooperates with Aerial.is to offset any impact on the environment.
Chris Schlosser, MLS SVP of media, said in a press release:
“The special NFT art collection is the latest evolution of Major League Soccer’s commitment to celebrating the creativity in our sport and the permission to connect soccer with progressive and exciting art experiences. The live art battle, plus the modern take on a matchup poster, helps create a cultural moment that celebrates our League, and the two great MLS matches this weekend.”
MLS will also give fans a chance to purchase limited-edition matchup poster NFTs using credit cards or Ethereum. These pieces have already been custom-created by the four artists separately from Friday’s live “battle,” and are designed to give fans a chance to own a piece of “MLS meets street art history.”
SUKU’s New NFT platform – ‘Carbon Negative’?
SUKU is a supply chain as a service company based in California. SUKU aims to address the concerns with its new “carbon-negative” NFT platform INFINITE, launched on Wednesday.
At the core of the NFT environmental issue is Ethereum mining. Most NFTs are built on the Ethereum blockchain. Minting an NFT is basically an energy-intensive process.
Ethereum’s proof-of-work mining process requires large mining computers. These computers guzzle a lot of electricity. Because of that, “NFTs have become a schelling point for discussion of industry impact on the environment. It’s estimated that Ethereum uses about the same amount of electricity as the entire country of Libya.” SUKU CEO Yonathan Lapchik claimed.
Ethereum is in the process of transitioning to a proof-of-stake mining method that will use dramatically less energy.
SUKU’s INFINITE circumvents this issue altogether by not using Ethereum at all. It uses the Hedera Hashgraph distributed ledger network, which is a proof-of-stake consensus protocol.
Zenobia Godschalk, a spokesperson for Hedera said:
“This is a great partnership for us. SUKU engaged with Hedera after researching multiple public network options, and the teams quickly aligned to work together on a number of fronts.”
Lapchik claims that SUKU “ensures that NFTs issued on the platform actually help the environment rather than hurt it. It does this by leveraging carbon offsets made possible via a partnership with Moss.Earth.”
Moss.Earth, is an environmental platform based in Brazil. It provides carbon credit transactions to those who want to offset their emissions.
Comedian Steve Harvey Selling NFT for Charity
Comedy legend Steve Harvey is raising money for the Steve and Marjorie Harvey Foundation by selling a new line of NFTs featuring the comedian.
Harvey’s NFTs are a charitable effort not a cash grab. He also holds and believes in cryptocurrency. Harvey also holds Bitcoin and Ethereum.
Steve Harvey’s NFT line launched on Rarible on May 14. He went with Rarible because “they were the most open to collaborating with us,” Harvey said, and because he views Rarible as more user-friendly “for people without experience. Easier entry point, ease of service.”
NFTs have become an extremely popular way for celebrities, entertainers, athletes, and consumer brands to sell memorabilia to fans.
The “Kings of Comedy” star says that it was Thabiti Stephens, his chief of staff and business advisor, who turned him onto NFTs.
Rarible has become a popular place to buy and sell NFTs. Rarible is a flourishing market where more than $1 billion has been spent on NBA Top Shot NFTs and CryptoPunks NFTs alone.
Alexander Salnikov, the Rarible co-founder claimed:
“We’re honored to host Steve’s first NFT drop. He’s a trailblazer and a global voice who speaks to people everywhere. We cannot wait to see the reaction from our global user base.”
While NFTs are currently red hot and all over the media, Harvey wants to be clear: his goal is to give back to those less fortunate through his foundation.
Harvey said in a press release: “As a boy growing up in Cleveland, I never had the newest things but I’ve always been interested in learning and doing better. So I’m excited about NFTs and this new opportunity to give back via the Foundation, while also bringing awareness to this new technology.”
The SUKU’s New NFT platform seems to have potential and makes sense. For all its promise, the crypto market is falling right now, but there is no influence on the NFT market at the moment. We will see what will bring in the upcoming days.
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Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.