31/07/2021 Mark Cuban invests in AlchemyNFT, an NFT customization platform

nft nonfungible token

AlchemyNFT, a non-fungible token (NFT) service that allows users to customize the NFTs they own, has announced that it raised $6 million to improve its platform. Investors include Crypto.com and billionaire Mark Cuban.

Most NFT offerings today don’t have much utility besides the value of ownership attributed by the purchaser to the URL of the NFT. Some tokens come with additional perks and physical rewards. However, once purchased, the utility of the NFT relies on its market price and the attraction of collecting. The industry is still very concentrated on speculative trading, and some argue that projects such as Topp’s WAX and Dapper Lab’s Top Shot promote this behavior.

One of the earliest NFT offerings was CryptoKitties which allowed users to buy and breed custom cats based on eye shape and the color of various parts of their anatomy.

The Big Idea

The concept behind AlchemyNFT’s service addresses both the single use challenge of NFTs. It adds some of the concepts that underpinned CryptoKitties by enabling NFT owners to enhance their token by customizing it. 

Some of the features that AlchemyNFT platform enables include adding in digital signatures or other ‘remix’ traits, bundling collections, and collaborating with other artists to recreate an NFT based on an existing version. 

The startup was founded by digital wallet AlphaWallet and launched in April of this year. 

The first product launched on the platform is AutographNFT. This allows people to sign NFTs through their social network IDs. If an NFT owner wants a celebrity’s signature on their digital asset, they can make an offer on the celebrity’s Twitter profile, which can be accepted by signing it with their Twitter ID attestation. 

Once signed, the original NFT is locked in AlchemyNFT’s smart contract, which mints a new NFT identical to the original apart from the inclusion of the celebrity’s ID attestation signature. AutographNFT uses smart contracts and AlphaWallet’s TokenScript technology.

The example AlchemyNFT gave was Mark Cuban autographing a CryptoPunk. But consider a sports star adding his signature to a collectible video moment or sports card. Or providing a personal audio message.

“Remix NFTs are a game-changer and AlchemyNFT is proud to provide the platform to empower NFT users and developers to do whatever they can imagine — whether it is owners adding music or autographs to their NFTs or marketplaces where musicians reward supporters with redeemable rights. It brings in a new layer of Liquidity and Utility,” said AlchemyNFT founder Victor Zhang. “With the new financing, we can grow and expand our AlchemyNFT platform and grow our team. I look forward to more talents joining our startup journey.”

Meanwhile, Shopify is expanding its services to enable brands to sell licensed NFTs through their own storefronts, and already has NBA’s Chicago Bulls as a client, and DraftKings and Lionsgate have partnered with Tom Brady’s Autograph for celebrities and athletes NFTs.

Mark Cuban has also invested in NFT art marketplace SuperRare, NFT data aggregator CryptoSlam, and minting platform Mintable

 

Arts

https://www.ledgerinsights.com/mark-cuban-invests-in-alchemynft-an-nft-customization-platform/

Interesting NFTs
Gunky's Uprising
Gunky's Uprising by SSX3LAU Slimesunday and 3LAU team up once again under their alias SSX3LAU for a collection featuring their first exploration into color. TBD is a full length music video featuring an unreleased song from 3LAU and Slimesunday\u2019s mesmerizing animation. In a first for the artists, TBD\u2019s collector will have the opportunity to name the song (some restrictions apply).
Really Remote Working Part 1
Created during the lockdown period whilst being confined to the same place every day, this piece is part of a series of imaginary places that I dreamed of being able to work from.
Early Kitty, GEN0
Sup playa! I'm Early Kitty, GEN0. I enjoy spinning sick beats, staying woke, and eating until I loathe myself. My friends describe me as "gullible." It's... accurate. I think you'll love me beclaws I have cattitude.
Mars House
Mars House is the first NFT digital house in the world. Upon purchase of Mars House NFT, 3D files will be sent to the new owner by Krista Kim Studio Inc. for file upload to the owner’s Metaverse. Technical support for Mars House integration on Metaverse is provided. (Architectural Digest, March 14, 2021) “Kim ventured into NFTs while exploring meditative design during quarantine; her hope was to use the influx of digital life as an opportunity to promote wellbeing. Comprised entirely of light, the visual effects of her crypto-home are meant to omit a zen, healing atmosphere. The artist also partnered with musician Jeff Schroeder of The Smashing Pumpkins to create a calming musical accompaniment. So what makes the file a compelling purchase? Beyond the promise of buying into the lucrative NFT market, the home and all of the furniture in it can be built in real life by glass furniture-makers in Italy, as well as through MicroLED screen technology. Kim also has a strong visions the art being projected, as well. “Everyone should install an LED wall in their house for NFT art.” says the artist. “ This is the future, and Mars House demonstrates the beauty of that possibility.” The owner is in agreement to the following terms and conditions upon purchase of Mars House (hereby referred to as Mars House NFT): The collector agrees to own one copy of Mars House NFT on a single Metaverse platform. The collector is required to register Mars House NFT ownership with Krista Kim Studio Inc. Krista Kim Studio Inc. will provide technical support to upload and integrate Mars House NFT on a Metaverse platform. If/when Mars House is resold, the collector is required to delete all Mars House NFT 3D file(s) from his/her Metaverse, and provide verification of deletion to Krista Kim Studio Inc. before new 3D files are transferred to the new owner by the artist. The new owner is required to register Mars House NFT ownership with Krista Kim Studio Inc. Krista Kim Studio will send Mars House NFT 3D files directly to the new owner and provide support for Metaverse integration. This verified ownership transfer system will be appointed to Krista Kim Studio Inc. trusteeship, after 40 years of the date of the sale. Krista Kim Studio Inc. retains ownership of Mars House NFT copyright. All rights reserved. All reproductions of Mars House (NFT) in both digital and physical formats, are restricted. Mars House NFT physical furniture pieces, made of tempered printed glass in Italy, may be commissioned by the collector as NFT physical pieces.
Smile to Shreds, Neon Gwen
The First KayPikeFashion Mint Ever. Ever feel so joyful and were grinning so hard you felt you could split in half? That punk rebel yell of glee when you pull of a particularly refined stunt? This is the paint of dreams, fangs and neon. Hellish and hard to pull off. I was able to with this work quietly paint a sweet inner tale of childhood influences, rat fink and autobody shops. All while pretending to paint gwenom for the audience. More on that in bonus material. This is my alternate animation made specifically for crypto art collectors. It will only ever exist in this format. You get the Shiny, unused in media verified image. More on that in the bonus material. Mixed Media: Bio/Digital. Glycerin on 5'9" human skin 10-14 hours Performance art. Shot on Canon EOS RP. 16 + hours Photoshop and DaVinci Resolve. All Works are SFW. Art has been Seen on the front page of Reddit, Featured in the New York Times, Galileo.tv, and multiple other promotions including Twitch.tv, Disney Interactive, RIOT games, WB games, AMD and more! More on how this art is unique and potentially explosive in the NFT world: https://youtu.be/CXbNF2Y6srs ------------------------- The purchase of this NFT Grants the buyer unique bonus material. Physical Mail Bonus Package: A verified physical Art Print. Autographed from the artist in 12x16. Please allow a few weeks for delivery. Digital Bonus Package: This image in .mp4. An "About the Art" Video and an "From the Artist" introduction. A README.txt about the artwork with some personal notes and Links relevant to the artwork.