Web3 news, May 19: Mainstream music NFTs, “Clean the ocean” campaign in metaverse, $300,000 NFTs theft

Universal Music wants to make music NFTs mainstream

Universal Music Group (UMG) wants to make music NFTs an everyday interaction between artists and their fans.

The record label has partnered with LimeWire marketplace to “explore unique ways to engage with fans through digital music collectibles and Web3, and generate new revenue streams,” according to the press release.

“Universal Music Group has always prioritized its artists’ creativity and valued fans’ desire to engage in innovative new ways. Now, NFTs are providing an exciting vehicle to enhance this connection between artists and audiences,” Jonathan Dworkin, EVP, Digital Business Development & Strategy at Universal Music Group, comments on the news.

Through the partnerships, UMG artists will now have an opportunity to sell audio recordings, backstage footage, artwork and other audiovisual content as NFTs on the marketplace directly to fans.

One of the biggest metaverses launches a campaign to help save the environment

Next Earth, one of the biggest metaverses, has partnered with SEE Turtles, an organization that fights to protect and raise awareness about turtles, in its first social responsibility campaign.

The “Clean the ocean” campaign will focus on implementing plastic waste collecting projects. It will do so through the Next Earth metaverse, where participants can buy parts of the exact places where the two projects will be building their plastic waste disposal projects; 20% of all the proceeds from the game will be donated to SEE Turtles’ initiatives. 

Actor and comedian Seth Green lost his NFTs worth $300,000, asks not to buy them

Green shared on his Twitter that he fell victim to a phishing attack. Hackers were able to steal NFTs worth over $300,000 in total from his wallet, including Bored Ape, Mutant Apes and Doodle. The comedian asked his followers (and everyone who could see the tweet) not to buy or trade his NFTs until the issue is resolved.

Green also asked a person who had already bought one of his NFTs to reach out to him to try to “fix it.”

The actor has been involved in the space and even launched his own NFT collections – PizzaBots with Heavy Metal Magazine and a series of NFT animation images, ‘Dominion X’, in partnership with DJ Steve Aoki.

The Market Minute

The crypto market is looking greener today than it did yesterday, with a 4.05% gain over the past 24 hours. Leading cryptocurrencies Bitcoin and Ethereum both rose by over 5% and were trading at $30,314 and $2,018, respectively.

Fairy Forest NFT, A GameFi platform token, has been the biggest gainer over the past day; it grew by 751.58% to $0.0004668 at the time of writing.

The biggest loser among NFT tokens is HotMoon Token, a community-based metaverse platform, with a 47.55% loss and current price of $0.00000001044.

In other headlines

Crypto Exchange FTX Expands Into Stock Trading –– Wall Street Journal

SWIFT, Capgemini team up to test using the international network for CBDC transfers –– Cointelegraph

US Treasury Official Warns Crypto Industry to Proactively Sanction ‘Problematic’ Wallets –– Coindesk

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