13/06/2022 Mastercard Buys Into NFTs, Enables Purchase Of Digital Art Using Credit Card

Mastercard

Mastercard, one of the largest payment companiesin the world, has revealed plans to expand access to the market for non-fungible tokens via card payments.

Traditional payment institutions are beginning to incorporate cryptocurrency into their business plans.

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The company has announced that it is collaborating with a number of Web3 and NFT companies to allow users to pay for their products using the company’s technology.

The announcement was published on Friday on Mastercard’s official website by Raj Dhamodharan, Executive Vice President of Digital Asset Blockchain Products & Partnerships.

Mastercard And The Biggest Names In The Business

Mastercard is working with The Sandbox, Candy Digital, Immutable X, Spring, Nifty Gateway, Mintable, and MoonPay to facilitate NFT trade, according to Dhamodharan.

The company disclosed in its forecast that the aforementioned companies represent a significant portion of the NFT sector, which generated more than $25 billion in total sales last year.

Mastercard intends to make payments easier for potential NFT buyers (Coincu News).

According to Dhamodharan, they are collaborating with these businesses to enable use for NFTs purchases.

“With 2,9 billion Mastercard cards in circulation around the globe, this shift could have a significant impact on the NFT ecosystem,” he explained.

Mastercard intends to make payments more accessible for potential buyers of these items, who may encounter obstacles because ofthe crypto industry’s limitations, according to Dhamodharan.

Throughout the NFT boom from last year through 2022, collectors, investors, and traders were often required to acquire cryptocurrency assets such as Ethereum or Solana prior to buying NFTs.

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BTC total market cap at $548 billion on the weekend chart | Source: TradingView.com

Global Interest In NFTs Growing, Survey Shows

Some 45 percent of respondents in a recent Mastercard study of over 45,000 individuals from 40 countries had either purchased an NFT or were considering doing so.

Roughly half of respondents also desired greater flexibility to acquire NFTs with debit or credit cards and to make more everyday purchases with cryptocurrency.

Mastercard and Coinbase have already partnered to enable cash transactions on the company’s new NFT platform.

Visa, for its part, is also targeting the NFT market after acquiring CryptoPunk in late 2021. Since January, MoonPay has provided its partners with an NFT payment solution.

Arts

https://bitcoinist.com/mastercard-buys-into-nfts/

Interesting NFTs
#60649
By OthersideDeployer
The River Plate Machine
Digital illustration for the cover of These Football Times magazine in its issue dedicated to the Argentine football team "Club Atlético River Plate". Original from 2020. For this cover I have created a complex machine that links all the generations and legends of the club with its great shield and emblem crowning the center as the heart of the fantasy machinery. Full of details and ornaments this is a highly detailed work. An authentic trip to the history of River through the imagination and the colors of the club. The most significant titles of the club are also included, such as the Libertadores Cup, the famous Intercontinental and the new Super Liga and the Argentine Cup in its newest cup design. If you see a hen, don't be surprised, it is the nickname that its fans give themselves, and they like it. ----- https://javierarres.com/about.html
CryptoKitties
Sup playa! My name's Kitty #446462. I once peed on King Henry VIII's cat. They had it coming. In my free time, I can usually be found annoying or volunteering at the local kitten rescue shelter. I can't wait to wake you up at 4am for seemingly no reason.
The Machine of Real Madrid
Visual Toy honoring the greatness of the most awarded club in the world of football, Real Madrid. Including his top stars of all time including President Bernabeu, a myth in the club's management. This Visual Toy represents the club as a title machine with the Champions League as a great emblem, since it holds the leadership in victories in the maximum European competition. A magical and fantastic mechanism like the history of the club itself. Including the Bernabeu in its last year before the remodeling in 2020, this Visual Toy brings together all the essence and soul of the merengue team. https://javierarres.com
Genesis
José Delbo sent me his striking pencil sketch and powerful inked work, which I then interpreted in oil on canvas. I wanted to create a very painterly piece with obvious brush marks etc, but I was also aiming for a nostalgic feel, a kind of 1980’s superhero comic book look, the kind I grew up with. My goal with this animation was to try to recreate, in part, the creative process that both artists went through with the visual information I had. I was able to showcase my painting process more accurately as I could take photographs of my progress throughout. Consecutive images could then be layered like brush strokes over José’s drawing to create the impression that this was one continuous artwork from pencil, to ink, to completed painting. The representation of the line sketch at the beginning, then pencil/ink and lastly the paint layers being applied demonstrate both artists’ struggle for the right lines, tone, form, and colour until the work is finally completed. As the oil was still wet with each photograph the glare of my studio lights can be seen in the brush strokes. Eventually, the figure emerges and as it does, our hero comes to life, looking directly at the viewer -- but is he grimacing in approval or disgust? We will never know for sure as just before he can say anything, white paint is brushed across the canvas entirely and the process begins again. Only the bat is quick enough to escape.