Nifty News: Damien Hirst airdrops NFTs, AMC teams up with Spider-Man, 3D NFTs on ICP

AMC Theatres is planning a NFT promotion to celebrate the opening day of Sony Pictures’ Spider-Man: No Way Home at cinemas across the United States.

The company is offering a limited number of up to 86,000 Spider-Man NFTs for members of its “AMC Stubs Premiere & A-List” and “AMC Investor Connect” subscriptions. Those who purchase an advance ticket for the Dec. 16 showing of the latest Spider-Man movie will be eligible for the airdrop.

The collaboration between Sony Pictures and AMC Entertainment is the first of its kind according to the Nov. 28 announcement.

More than 100 NFT designs will be available created by Cub Studios, a BAFTA award-winning animation studio. The tokens will be redeemable on the WAX platform, a carbon-neutral blockchain running on proof-of-stake consensus.

The hotly anticipated movie is the third in the Spider-Man Hero franchise and the sequel to Spider-Man: Far From Home which grossed $1.13 billion globally.

Damien Hirst giveaway

Renowned British NFT artist Damien Hirst has airdropped 10,000 NFTs to those who had previously purchased artwork from his “The Currency” collection.

The giveaway is from the new NFT collection “Great Expectations” which is a series that contains 10,000 images based on his Certified Lover Boy artwork.

The collection is based on the artwork for the cover of “Certified Lover Boy”, the sixth studio album by Canadian rapper Drake. On Nov. 26, Hirst commented:

“I tried to create an image that sums up the powerful hope filled love, humor & daring truth in the music of Drake for his album cover and now my hope is that with this free gift you can all share and feel the excitement I feel about NFTS and the digital world.”

3D NFTs on ICP

Dfinity’s Internet Computer Network (ICP) is launching NFT Studio, a 3D and interactive NFT platform enabling creators to design, mint, and stake regular and interactive 3D NFTs.

The platform includes a 3D voxel engine and a pixel engine which allows users to create 3D models that can be converted into NFTs and used in video games.

Lukas Merville, founder and team lead at NFT Studio, said that 3D creators are often limited on networks such as Ethereum or Solana which cannot handle large files sizes, before adding “3D NFTs sounded like fiction — well beyond the current state of blockchain technology. But we have made them possible on-chain thanks to the Internet Computer.”

There are a number of NFT collections already running on the ICP such as ICPunks, ICPuppies, and ICKitties.

Other Nifty News

A rare plot of digital land in the Axie Infinity game sold for 550 ETH on Nov. 25, or roughly $2.5 million. There are just 220 “Genesis plots” in existence making it one of the rarest in the game.

Axie is not the only notable virtual land sale as some plots have been fetching big bucks recently. As reported by Cointelegraph, the Decentraland-based Metaverse Group purchased 116 parcels of land in a prime location in the Metaverse for 618,000 MANA tokens worth roughly $2.5 million.


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Damien Hirst’s ‘Currency’ NFT drop more than 6X oversubscribed

Leading contemporary artist Damien Hirst’s NFT drop dubbed “The Currency” has been oversubscribed by more than six times.

The Currency drop consists of 10,000 unique colorful dot pattern artworks with a corresponding NFT for each piece. Applications for the NFT drop closed on July 22, and Heni Group, who hosted the sale, revealed that 32,472 people applied for a total of 67,023 NFTs. That means that many applications will either be scaled back or unsuccessful given there are only 10,000 NFTs available.

Many collectors will now have to seek out the NFTs on secondary markets.

The NFTs were priced at $2,000 each and the drop includes an interesting feature, as the artist is giving collectors one year to decide if they would like to burn the NFT in exchange for the original artwork, or keep the NFT and destroy the original artwork.

The world-renowned artist first entered the crypto space back in February this year after he started accepting payments in Bitcoin and Ethereum for artworks from a collection of cherry blossom-themed paintings.

In his new NFT venture, the artist is exploring the concept of value behind money and art, in which he asserts their value is determined by social phenomena such as faith and trust.

To loosely depict money in the artworks, there is a holographic image of Hirst in each piece, and a signature on the back, along with small individual messages to represent a serial number.

“I’ve never really understood money, it’s like you look at money, in its basic form […] all these things, art, money commerce, they’re all ethereal,” Hirst said in a video discussing the drop.

Related: Record network activity and a second NFT boom send WAX price higher

Each individual artwork is called a “Tender” and the artist recently told Cointelegraph that he would “love it” if a collector was able to use the artwork as actual currency due to its value as an NFT. However, he thinks that most people will choose to keep the artwork.

Speaking with CNBC’s Squawk Box on July 21, Hirst stated that he thinks digital art forms such as NFTs will outlive physical art galleries, as he noted that NFTs depicting “good artwork” can be easily experienced anywhere:

“I think that digital art is probably going to last a lot longer than galleries. I mean, you probably won’t be going into galleries. We’ll be sitting in bars showing each other what we’ve recently bought on our phones, and that’s kind of what we do now.”