Tag: nft

LG’s NFT marketplace for TVs is shutting down

image c/o theverge.com
image c/o theverge.com

LG is shutting down Art Lab, its NFT marketplace for TVs. In a notice posted to its website, LG says it has made the “difficult decision” to close the platform on June 17th. LG launched its Art Lab app during the NFT craze in 2022, billing it as a way to “buy, sell and enjoy high-quality digital artwork” from your TV. It added new digital art to the platform through “groundbreaking” NFT drops, which users could purchase by scanning a QR code to complete transactions through Wallypto, LG’s crypto wallet app.

https://www.theverge.com/news/633272/lg-art-lab-nft-marketplace-shutdown

X removes support for NFT profile pictures

image via techcrunch.com
image via techcrunch.com

On Tuesday, Elon Musk’s X wrote about a grand vision for the company in 2024, which includes launching peer-to-peer payments and more AI-powered tools. Amid all this, the company silently removed a feature for paid subscribers. They’re no longer able to set an NFT as a profile picture.

https://techcrunch.com/2024/01/10/x-removes-support-for-nft-profile-pictures/

Meta gives up on NFTs for Facebook and Instagram

image c/o theverge.com
image c/o theverge.com

Meta is moving on from more crypto projects, even though NFTs / digital collectibles were once pitched as part of its ‘metaverse’ future. “Across the company, we’re looking closely at what we prioritize to increase our focus,” Kasriel said. “We’re winding down digital collectibles (NFTs) for now to focus on other ways to support creators, people, and businesses.”

https://www.theverge.com/2023/3/13/23638572/instagram-nft-meta-facebook-quits-digital-collectibles

The NFT Bay asks if you would steal all the JPEGs

In what may be one of the better pieces of performance art this year, Australian Geoffrey Huntley has created a website that promises to let you torrent an entire blockchain’s worth of NFTs. It’s called, appropriately, The NFT Bay, and it’s an almost exact replica of the famous pirating site (with an added cheeky DMCA takedown link). As a site, it seems to do what it says on the tin, but as a statement it could spark an interesting discussion around what it means if you claim ownership over something on the internet.

https://www.theverge.com/2021/11/18/22790131/nft-bay-pirating-digital-ownership-piracy-crypto-art-right-click