A trove of unseen Kobe Bryant photos will be auctioned as NFTs, with all proceeds going to his youth sports foundation

“KOBE,” a collection of never-before-seen photo NFTs featuring the legendary Kobe Bryant.
“KOBE,” a collection of never-before-seen photo NFTs featuring the legendary Kobe Bryant.

  • A collection of never-before-seen photos of the legendary Kobe Bryant is being launched as NFTs.
  • The collection, entitled “Kobe,” consists of eight black and white photos of the basketball player photographed in 1999.
  • All proceeds will benefit the Mamba & Mambacita Sports Foundation.
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A trove of never-before-seen photos of legendary NBA player Kobe Bryant is being launched as a collection of non-fungible tokens on August 24, a day commemorated as Kobe Bryant Day in Los Angeles where the basketball icon spent his entire career playing for the Lakers.

The collection, entitled “Kobe”, consists of eight black and white photos of the basketball player taken in 1999 and will be released on NFT platform Cryptograph.

All proceeds will benefit the Mamba & Mambacita Sports Foundation, a nonprofit organization that aims to fund sports programs in underserved communities.

The foundation was renamed to honor the legacy of Bryant and his daughter, Gianna, who both died in a helicopter crash on January 26, 2020. “Mambacita” was Gianna’s nickname; Kobe’s was “The Black Mamba.”

The photos were taken by Davis Factor of Smashbox Studios before the peak of Bryant’s decorated sports career.

Factor said the photoshoot, which he told Insider was “a dream come true,” took place in an old meatpacking facility in downtown Los Angeles that did not have electricity.

“I think this shoot is special because it’s one of his first fashion shoots,” Factor said. “The purpose of this Kobe Bryant NFT drop, for me, is to raise as much money as humanly possible to give to Kobe Bryant’s foundation.”

Bryant, who was 21 during the photo shoot, was determined and focused, Factor said.

“He was able to detach the basketball Kobe and go into this part,” Factor said. “And I kind of saw the creative side of him that was pretty amazing.”

Tommy Alastra, cofounder of Cryptograph and a friend of Factor, said the collection has been in discussion for months. “Kobe” will be followed by other series to commemorate the first year anniversary of the platform.

“I’m so excited that my friend Davis Factor has allowed us to immortalize these rare photos of Kobe Bryant and that these Cryptographs will support his legacy and foundation,” Alastra told Insider.

NFTs have soared in popularity this year. In August alone, NFT transaction volume has reached $1 billion.

NFTs are digital representations of artwork, sports cards, or other collectibles tied to a blockchain, typically on ethereum. Each NFT has a signature that can be verified in the public ledger and cannot be duplicated or edited.

When people buy NFTs, they gain the rights to the unique token on the blockchain, not the artworks themselves. But the fact that the information on a blockchain is next to impossible to alter makes NFTs appealing to artists and collectors.

Still, experts believe the space is still in its earliest days and has ways to go before becoming more mainstream. Challenges it still needs to overcome include interoperability, scalability, and accessibility, experts say.

Read the original article on Business Insider

Visa purchases CryptoPunk NFT for $150,000 as it gets involved in the booming digital-collectibles market

CryptoPunk digital art non-fungible token (NFT) displayed on a digital billboard in Times Square on May 12, 2021 in New York City.
  • Visa made its first foray into the digital-collectibles market by purchasing CryptoPunk 7610 for around $150,000.
  • The payments giant made the purchase on August 18 for 49.5 ether.
  • Visa said by purchasing an NFT, it is “jumping in feet first” to help its clients understand the space better.
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Visa recently made its first foray into the digital-collectibles market by purchasing CryptoPunk 7610, its first non-fungible token, for around $150,000, according to an announcement Monday.

The payments giant made the purchase on August 18 for 49.5 ether, according to Larva Lab, the team behind CryptoPunks.

“What began as an early artistic experiment has quickly become a cultural icon for the crypto community,” Cuy Sheffield, head of crypto at Visa, said in a statement, referring to the CryptoPunk series.

He continued: “To help our clients and partners participate, we need a firsthand understanding of the infrastructure requirements for a global brand to purchase, store, and leverage an NFT.”

Sheffield, who worked with Anchorage Digital to complete the process, said he believes NFTs will play a crucial role in the future of retail, social media, entertainment, and commerce. By purchasing an NFT, he said Visa is “jumping in feet first.”

The crypto head, who is also a self-proclaimed NFT enthusiast, said he is confident NFTs have the potential to become a “powerful accelerator for the creator economy and lower the barrier to entry for individual creatives to earn a living through digital commerce.”

He cited the rise of e-commerce and how small and medium-sized businesses can harness blockchains to produce digital goods.

“We can envision a future in which your crypto address becomes as important as your mailing address,” he said.

CryptoPunk 7610 is one of 3,840 female punks made by artists Matt Hall and John Watkinson, the founders of Larva Labs, in 2017.

In total, there are 10,000 24 x 24-pixel CryptoPunks with no two that are exactly alike. Other characters in the collection are composed of nine aliens, 24 apes, 88 zombies, and 6,039 males.

Read more: Bitcoin and ethereum are gearing up to knock out all-time highs as cryptocurrencies get ‘too big to be ignored,’ a 20-year market veteran says. Here are 5 high-upside coins he’s watching closely.

In June, one alien punk fetched $11.8 million, setting a new world auction record for a single CryptoPunk, luxury auction house Sotheby’s said.

NFTs have soared in popularity this year. For the month of August alone, the space has seen $1 billion in payment volume.

These tokens are digital representations of artwork, sports cards, or other collectibles tied to a blockchain, typically on ethereum. Each NFT has a signature that can be verified in the public ledger and cannot be duplicated nor edited.

When people buy NFTs, they gain the rights to the unique token on the blockchain, not the artworks themselves. But the fact that the information on a blockchain is next to impossible to alter makes NFTs appealing, especially to artists.

Still, experts believe the space is still nascent and has ways to go before becoming mainstream. It has some challenges it still needs to overcome such as interoperability, scalability, and accessibility.

Read the original article on Business Insider

Chinese e-commerce giant Alibaba opens NFT auction site for artists and game developers

An office building of Alibaba Group is pictured on August 10, 2021 in Zhengzhou, Henan Province of China.
An office building of Alibaba Group is pictured on August 10, 2021 in Zhengzhou, Henan Province of China.

  • E-commerce giant Alibaba has launched an NFT marketplace on its auction platform, SCMP reported Tuesday.
  • Several NFTs already have listings on the Chinese service, but bidding will not start until September.
  • NFTs have slowly been gaining traction in China, even as Beijing’s cracks down on cryptocurrencies.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

Chinese e-commerce heavyweight Alibaba Group has opened a marketplace for trading non-fungible tokens on its auction platform, the South China Morning Post reported Tuesday.

The company expects artists, musicians, writers and game developers to sell NFTs of their work on the “Blockchain Digital Copyright and Asset-Trade” marketplace, according to the report from SCMP, which is owned by Alibaba.

Several NFTs have already been listed on the service by creators. They will go to auction next month with a minimum bid of 100 yuan, approximately $15. To participate, bidders must pay a deposit of 500 yuan, or around $77.

NFTs are unique digital tokens such as images, videos, sound clips or certificates that are built on a blockchain. Ownership is inscribed on the ledgers the tokens are built on – this is crucial, as often anyone can view an NFT, but only one person can actually own it. They are therefore often popular among collectors.

The digital tokens have staged a comeback after demand cooled off in the early summer. Trading volumes on NFT platform OpenSea have soared in recent weeks, as more tokens are sold and their worth accelerates.

Items listed on Alibaba Auction include a painting of a local Sichuan landmark, as well as art based on major franchises such as “Star Wars”, the video game “Wasteland 2”, and “Grand Theft Auto”, according to SCMP journalist Josh Ye. He tweeted screenshots of the NFTs on the marketplace.

“We are not sure if these are properly licensed in the first place,” Ye said.

The NFTs will be will be minted on the New Copyright Blockchain, which is run by the Sichuan Blockchain Association Copyright Committee. They can be stored and viewed through Bit Universe, an application that is part of the Chinese messaging and social media app WeChat.

NFTs have slowly been gaining traction in China, even as Beijing cracks down on cryptocurrency products and mining. The government appears to be more receptive to blockchain products, and in June, the SCMP reported that China is aiming to incorporate blockchain technologies into its development and economic plans.

Alibaba-affiliated financial service firm Ant Group and SCMP itself have launched NFT projects this summer. In addition, Chinese entertainment giant Tencent joined the NFT world earlier in August with its own token-trading platform, where it sold audio clips from a popular talkshow.

Read the original article on Business Insider

Trade volumes on OpenSea have surged nearly 950% in the last month as the NFT craze continues stronger than ever

Non-fungible tokens are purchased using cryptocurrencies, such as ether coins.
  • Trade volumes on NFT marketplace OpenSea have soared in the last month as the craze for non-fungible tokens continues.
  • OpenSea has done $1.22 billion (or 387,100 ETH) in volume in the past 30 days, a roughly 950% increase from the previous 30 days, per DappRadar.
  • The NFT resurgence may be a sign that animal spirits among crypto investors are reawakening, said one industry expert.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

Trade volumes on NFT marketplace OpenSea have soared in the last month as the craze for non-fungible tokens continues.

OpenSea has done $1.22 billion (or 387,100 ETH) in volume in the past 30 days, a roughly 950% increase from the previous 30 days, per DappRadar. This August, the exchange has seen nearly $800 million in volume, according to data compiled by The Block Crypto. It’s staggeringly higher than the $284 million the marketplace saw for the month of July.

Opensea’s trade volume increase comes as Ether’s price rallies. The native token behind the Ethereum blockchain is up roughly 70% over the last month and currently trades around $3,200.

Meanwhile, Opensea has seen 1.36 million transactions over the last 30 days, a 180% increase in the previous 30-day period.

The NFT resurgence may be a sign that animal spirits among speculative cryptocurrency investors are reawakening, said Paolo Ardoino, CTO of cryptocurrency exchange Bitfinex. He highlighted altcoin Solana’s impressive gain as another sign of speculation in the cryptocurrency space. The coin jumped nearly 30% to an all-time-high Monday.

Last month, OpenSea raised $100 million in Series B funding led by the high-profile venture capital firm Andreessen Horowitz, also known as a16z.

Read the original article on Business Insider

Luxury fashion houses Louis Vuitton and Burberry dive into the world of NFTs and online gaming

Sharky B
Sharky B

  • Luxury fashion houses Burberry and Louis Vuitton are turning to NFTs and gaming to promote their brands.
  • Burberry is releasing a NFT game character called “Sharky B”, while a Louis Vuitton game offers 30 NFTs, including 10 by Beeple.
  • Fashion brands are looking to tap into the NFT buzz, with Gucci among those reported to be eyeing a launch.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

Luxury fashion houses Burberry and Louis Vuitton are turning to non-fungible tokens and gaming to promote their brands, as interest in digital art takes off.

Burberry will be releasing an NFT game character called “Sharky B” for Mythical Games’ multiplayer online game “Blankos Block Party”, it said in a statement Wednesday. The limited-edition character, which is covered in Burberry’s “TB” monogram, will be available for in-game purchase on August 11.

“Pushing boundaries through experimentation sits at the heart of what we do at Burberry, and we are continually looking to connect with our communities in the spaces they love,” Rod Manley, chief marketing officer at Burberry, said.

Separately, France’s Louis Vuitton on Wednesday launched a mobile video game, where players can collect 30 free NFTs as they follow the brand’s mascot Vivienne to Paris. “Louis: The Game” includes 10 NFTs by Beeple, the digital artist whose work sold for more than $69 million at auction in March.

The fashion industry has been looking to tap into the buzz around NFTs and their growing popularity to add luster to their brands. Gucci and several other fashion brands told Vogue Business in April they were looking at launching NFTs of their own.

Burberry and Louis Vuitton are joining digital fashion companies such as The Fabricant, which in 2019 auctioned an NFT for a digital garment, the Iridescence Dress. It went for nearly $10,000 at a time when the NFT market was in its infancy.

NFTs are unique digital tokens that represent real world assets such as pieces of artwork, videos and more. They are items that can be collected but are based on the blockchain network cryptocurrencies like bitcoin belong to. However, they are not interchangeable like cryptocurrencies are as their value is unique.

This article has been changed to correct the name of Burberry’s chief marketing officer.

Read the original article on Business Insider

NFTs are skyrocketing and everyone from Katy Perry to the NBA is selling them – but they’ve got a long way to go before they really go mainstream, Rarible’s co-founder says

NFT art
  • Despite the buzz, NFTs have a long way to go before becoming mainstream, Rarible cofounder Alex Salnikov said.
  • They have to become more affordable and accessible, and companies figure how they might appeal to consumers, he told Insider.
  • Interest in the digital assets has skyrocketed, prompting celebrities and leading corporates to put out their own NFTs.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

Non-fungible tokens have skyrocketed in price and popularity this year, as celebrities and major companies jump onto the hype, but they have a long way to go before really reaching the mainstream, according to Rarible cofounder Alex Salnikov.

To do that, NFTs have to become more affordable and accessible, and companies have to think hard about what value they have for ordinary consumers, Salnikov told Insider in an interview this week.

This includes making it easier for people to understand the market and simplifying the purchasing process. Right now, buyers have to set up a crypto wallet and add funds to it if they want to get an NFT.

“It’s not as seamless as just going onto Amazon and buying something,” said Salnikov, who is also head of product at Rarible, one of the biggest NFT marketplaces.

NFTs are a class of unique digital assets – such as videos, audio, images or even tweets – whose ownership is inscribed on blockchain ledgers.

To break into the mass market, those offering the digital assets must first figure out what use they could have for the ordinary buyer, Salnikov said.

“The biggest part of mainstream NFTs that needs to happen is the exploration of the real-use cases that appeal to consumers, in order to participate in that market,” he said.

We don’t yet know what those use cases are, according to Salnikov. At the moment, the digital assets are mainly bought by rich people with an existing interest in crypto, who treat NFTs as an asset class.

Only one person can own an NFT, which makes them attractive for collectors in particular. Others use them as a store of value, or to make a connection with the creator of an NFT, or a community.

Interest in NFTs is skyrocketing. In the 30 days to August 5, a total of 175,179 NFTs were sold for an overall $510.6 million, according to data from NFT tracking platform Nonfungible.com. That is a record for amount of money spent on NFTs in that length of period, it found.

The buzz grew in March when digital artist Beeple sold an NFT artwork for a record-breaking $69 million. Since then, a stream of celebrities such as Katy Perry, and leading organisations such as US Space Force, have jumped in to sell their own NFTs, raising their profile further. NFTs have also entered the sports world, with the NBA’s Golden State Warriors launching an NFT collection. Luxury auction houses Sotheby’s and Christie’s have sold digital assets such as CryptoPunks for millions of dollars.

These high-profile sales of often expensive, one-off NFTs aren’t helping set the stage for the asset class to move into the mainstream, Salnikov believes. Even though mass-market brand Coca-Cola recently launched an NFT, it was for $500,000, he noted.

“It’s still not for the consumer,” Salnikov said. “Big businesses that have intellectual property need to figure out what is speaking to their audience. What are the NFTs that would benefit the audience, not the business?”

Read the original article on Business Insider

NBA Top Shots creator Dapper Labs will offer NFTs of highlights of this year’s Summer League basketball games

Basketball Olympics
Basketball Olympics

  • NBA Top Shots, the second-biggest NFT marketplace, will sell moments from Summer League basketball games in Las Vegas.
  • It will be the first time the platform has created NFTs of great plays of games that fans have seen in person.
  • Sports teams are turning to NFTs as a way to generate more revenue from their fanbase.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

NBA Top Shot will sell highlights from the upcoming Summer League basketball competition as non-fungible tokens for the first time, it said on Tuesday.

The NFTs will feature outstanding play “moments” from three days of games at the NBA Summer League meet in Las Vegas, those on August 8-10. Fans will be able to pre-order the $5 moments from a kiosk at the venue.

“For the first time ever, NBA Top Shot fans will have the ability to purchase a moment in an arena, and receive a moment from a game they saw in-person,” the company said in its statement.

NBA Top Shot will let collectors know which games the NFTs will be from in advance. There will be a minimum of 1,000 and possibly more based on demand from fans, who will be able to purchase up to 10 moments per day.

All 30 NBA teams will compete in the Summer League, which features 75 games over 10 days in total.

The move is another key step in NFT adoption in sports. The Golden State Warriors basketball team launched a NFT collection in April this year as a way to generate more revenue.

Until now, NBA Top Shot sold NFT videos of highlights from previous basketball games. It was started in 2019 by the National Basketball Association and Dapper Labs, the creator of NFTs such as CryptoKitties and the Flow blockchain.

NBA Top Shot is one of the biggest NFT marketplaces, recent data shows. In the month to August 4, it hosted 109,351 traders and carried out 671,149 sales, according to DappRadar. However, those tallies were down month-on-month by 35.15% and 53.39%, respectively.

In March, NBA Top Shot closed a $305 million funding round with investments from the likes of actor Will Smith and former NBA all-star Michael Jordan.

NFTs are unique digital tokens that represent real-world assets like video, audio or pieces of artwork, among others. They are a form of collector’s item that are based on blockchain networks, much like cryptocurrencies such as bitcoin. Unlike cryptocurrencies, though, they are not mutually interchangeable.

Read the original article on Business Insider

A crypto chief explains why investors need to ignore short-term price drops in bitcoin – and says innovation will always be way ahead of regulation

Bitcoin crypto currency physical banknote and coin imitations.
  • Investors shouldn’t pay much attention to the short-term drops in the value of bitcoin, MoonPay’s CEO said.
  • It’s normal for regulation to be a couple steps behind financial innovation, Ivan Soto-Wright said.
  • Further waves of retail adoption will allow cryptocurrencies to have everyday use cases, he predicted.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

Crypto investors shouldn’t be too focused on short-term swings because prices will become less volatile as adoption expands, according to Ivan Soto-Wright, co-founder and CEO of MoonPay.

“Bitcoin is one of the best performing asset classes if you look at the last five years,” he told Insider in an interview. “So when you take the long-term horizon, you don’t look day-to-day or month-to-month.”

Bitcoin has rebounded to trade near $40,000 after three consecutive months of losses that were driven by a host of worldwide crackdowns on crypto trading and mining. Experts across the digital asset space called China’s crackdown the largest sovereign assault on the asset class since its inception, a report from Galaxy Digital showed.

It’s gained 34% in value so far this year, and is 107% higher in the last 12 months.

Soto-Wright, who launched MoonPay in March 2019, got excited about cryptocurrencies after his friend wrote a thesis on bitcoin during college, making him see the potential of financial inclusion for both the banked and the un-banked.

MoonPay, which builds payments infrastructure for cryptocurrencies, is now live in 160 countries with over 250 partners including bitcoin.com and NFT marketplace OpenSea.

He said it’s only expected for regulators to take their time in making sure customers are safeguarded, and for crypto-focused companies to find the right balance between financial innovation and customer protection.

“The great thing that will make the industry thrive in the long term is having clarity over what those rules are in different parts of the world,” he said. “Regulators are always a couple steps behind the financial innovation component, and that’s where some of the friction arises.”

Soto-Wright spoke about ethereum’s growing efficiency, and how blockchain technologists are committed to scaling digital assets through improvements and upgrades to base protocols.

The ethereum network underpins a number of different technologies, including sales of non-fungible tokens (NFTs), which come with huge hidden premia also known as “gas fees.”

He said crypto skeptics are right in that digital assets cannot be used to buy something as simple as coffee, but waves of adoption are yet to come in and allow for scaling to everyday use cases.

But as more people enter the crypto-economy, it will progress and become less expensive to make transactions, just like telephonic communication evolved from pricey long-distance phone calls, to free video-conferencing over the likes of Skype and Zoom, Soto-Wright said.

Read More: The SEC is trying to make investing apps like Robinhood less ‘fun’ in order to protect investors – but these gamified features are actually a great idea

Read the original article on Business Insider

Insider Inc. NFT License 2021

1. Definitions.

“Post” means any text, photographs, charts, and drawings that may be associated with an NFT that you Own.

“NFT” means any blockchain-tracked, non-fungible token, such as those conforming to the ERC-721 standard.

“Own” means, with respect to an NFT, an NFT that you have purchased or otherwise rightfully acquired from a legitimate source, where proof of such purchase is recorded on the relevant blockchain.

“Purchased NFT” means an NFT that you Own.

“Third Party IP” means any third party patent rights (including, without limitation, patent applications and disclosures), copyrights, trade secrets, trademarks, know-how or any other intellectual property rights recognized in any country or jurisdiction in the world.

2. Ownership.

You acknowledge and agree that Insider, Inc. (or, as applicable, its licensors) owns all legal right, title and interest in and to the Post, and all intellectual property rights therein. The rights that you have in and to the Post are limited to those described in this License. Insider, Inc. reserves all rights in and to the Post not expressly granted to you in this License.

3. License.

Subject to your continued compliance with the terms of this License, Insider, Inc. grants you a worldwide, non-exclusive, non-transferable, royalty-free license to use, copy, and display the Post for your Purchased NFTs solely for the following purposes:

(i) for your own personal, non-commercial use;

(ii) as part of a marketplace that permits the purchase and sale of your NFTs, provided that the marketplace cryptographically verifies each NFT owner’s rights to display the Post for their Purchased NFTs to ensure that only the actual owner can display the Post; or

(iii) as part of a third party website or application that permits the inclusion, involvement, or participation of your NFTs, provided that the website/application cryptographically verifies each NFT owner’s rights to display the Post for their Purchased NFTs to ensure that only the actual owner can display the Post, and provided that the Post is no longer visible once the owner of the Purchased NFT leaves the website/application.

4. Restrictions.

You agree that you may not, nor permit any third party to do or attempt to do any of the foregoing without Insider, Inc.’s express prior written consent in each case:

(i) modify the Post for your Purchased NFT in any way, including, without limitation, the shapes, designs, drawings, attributes, or color schemes;

(ii) use the Post for your Purchased NFTs to advertise, market, or sell any third party product or service;

(iii) use the Post for your Purchased NFTs in connection with images, videos, or other forms of media that depict hatred, intolerance, violence, cruelty, or anything else that could reasonably be found to constitute hate speech or otherwise infringe upon the rights of others;

(iv) use the Post for your Purchased NFTs in movies, videos, or any other forms of media, except solely for your own personal, non-commercial use;

(v) sell, distribute for commercial gain (including, without limitation, giving away in the hopes of eventual commercial gain), or otherwise commercialize merchandise that includes, contains, or consists of the Post for your Purchased NFTs;

(vi) attempt to trademark, copyright, or otherwise acquire additional intellectual property rights in or to the Post for your Purchased NFTs; or

(vii) otherwise utilize the Post for your Purchased NFTs for your or any third party’s commercial benefit. To the extent that Post associated with your Purchased NFTs contains Third Party IP (e.g., licensed intellectual property from a celebrity, athlete, or other public figure), you understand and agree as follows:

(a) that you will not have the right to use such Third Party IP in any way except as incorporated in the Post, and subject to the license and restrictions contained herein;

(b) that, depending on the nature of the license granted from the owner of the Third Party IP, Insider, Inc. may need to pass through additional restrictions on your ability to use the Post; and

(c) to the extent that Insider, Inc. informs you of such additional restrictions in writing (email is permissible), you will be responsible for complying with all such restrictions from the date that you receive the notice, and that failure to do so will be deemed a breach of this license.

The restrictions in Section 4 will survive the expiration or termination of this License.

5. Terms of License.

The license granted in Section 3 above applies only to the extent that you continue to Own the applicable Purchased NFT. If at any time you sell, trade, donate, give away, transfer, or otherwise dispose of your Purchased NFT for any reason, the license granted in Section 3 will immediately expire with respect to those NFTs without the requirement of notice, and you will have no further rights in or to the Post for those NFTs.

Read the original article on Business Insider

We’re auctioning off stock history as NFTs to participate in the future of finance

AP21103509964016
Fearless girl stands up to the old way of investing just as Markets Insider explores the future.

  • Markets Insider is selling its first NFTs
  • We want to participate in the future of finance that we so often cover, and connect more with our audience
  • Gamestop, Hertz, and AMC are the first three we are auctioning
  • See more stories on Insider’s business page.

Investing has changed a lot in the past year, and Markets Insider has tracked every twist and turn. We are so far past calling a stockbroker on a telephone and shouting orders on the NYSE floor that even bringing them up as examples can date you.

Markets Insider likes to consider itself part of that evolution. We were born only four and a half years ago, and have found success covering the markets for a digital-native generation of traders. Our written coverage constantly shifts to focus on what you tell us you want to read, and our data pages respect the time it takes to research stocks by putting the most important information at the top.

We’ve loved covering and observing the shifting financial markets from the sidelines, and now we think it’s time to jump in with our audience. We want to allow you, and all the other people who use Markets Insider on a regular basis, to OWN a piece of this generational shift in trading.

Starting next week, we will be auctioning off seminal moments of this shifting stock history on Open Sea, allowing you to bid on the future of trading.

Reddit traders short squeezing the hedge-fund establishment, AMC’s silverback CEO leaning into shareholders as fans, and the SEC keeping traders out of a good bet on Hertz all come to mind as seminal moments in stock history that will shape trading and regulation for years. That’s why we’ve picked these three moments as our first round of auctions.

Each of these moments will be sold as individual NFTs. The NFT will include a historical record of the moment and an explanation of why it matters. We also commissioned three new pieces of art from our world-class graphics team to accompany the auctions. By winning the auction, you’ll be able to brag about owning a seminal trading moment on the fastest growing and most digitally savvy markets site on the web.

These NFTs will not only allow us to interact with you, our audience, but it also lets us participate in the revolution. Quite frankly, we want to live into this new reality and know what it’s like to have cryptocurrency on our company’s balance sheet.

Some Details on the Auctions

The three moments we are auctioning will go live on Open Sea on Monday August 2nd, and you will be able to bid on each of the auctions individually.

We are also hosting an AMA on Reddit to answer any questions you may have about the NFT process and how we decided on these historical moments. That will happen today (Wednesday July 28) at 3pm EST.

We’ve loved chronicling the rapid changes taking place in the investing industry, and we are even more excited to be more involved in its future. This is just one small step in that direction. And one that we hope to take with you.

Read the original article on Business Insider