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Crypto.com Launches NFT Platform With Content From Snoop Dogg, Lionel Ritchie and More
The exchange announced the launch Tuesday, claiming it will be the "world's largest and most user-friendly NFT platform."
Updated Sep 14, 2021, 12:31 p.m. Published Mar 23, 2021, 4:39 p.m.
Cryptocurrency exchange Crypto.com will launch a non-fungible token (NFT) platform on March 26 featuring content from the likes of Snoop Dogg, Lionel Ritchie and Boy George.
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- The Hong Kong-based exchange announced the launch Tuesday, claiming it will be the "world's largest and most user-friendly NFT platform."
- The platform will be invite-only and will feature collaborations between mainstream and digital artists.
- Boy George's, for example, will mix his music with animated and still versions of his artwork.
- Crypto.com partner the Aston Martin Cognizant Formula One team will be marking its return to F1 after 60 years with a collection of NFTs on the site.
- Other sports team and leagues will be announced in the coming weeks.
- The venture is being led by Crypto.com's new global head of NFTs, music industry veteran Joe Conyers III.
See also: NFT Marketplace OpenSea Raises $23M, Led by Andreessen Horowitz
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Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
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- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
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