Crypto

Mercedes-Benz and Fingerprints DAO: A High-Speed NFT Venture

Published

1 year ago

June 15, 2023

In a move that’s causing a stir in both the art world and the automotive industry, a fascinating partnership has taken shape between Fingerprints DAO, Dutch artist Harm van den Dorpel, and the revered car brand Mercedes Benz. Together, they’re taking a unique venture down the road less travelled – the creation of a Mercedes NFT collection, subtly echoing the aesthetics of automotive design.

This innovative collection, christened “Maschine,” is born out of Mercedes-Benz NXT, a recently unveiled facet of the automaker that represents its entry into the Web3 space.

Maschine adds a creative flair to the concepts of speed and perception. The collection offers a thousand unique tokens, each based on the Ethereum blockchain. Every piece in this collection is a visual tribute to the dynamics of a wheel in motion. Each artwork features a circular design teeming with intricate patterns. These patterns shift and change, mimicking the rotation of objects speeding up and generating an illusion of movement. This captivating visual effect draws inspiration from a phenomenon known as the wagon-wheel effect, where objects with spokes when spun and accelerated, appear to rotate in a direction opposing their actual movement and trajectory.

But Mercedes-Benz NXT isn’t simply content with the launch of this collection. As indicated by a series of tweets, the automaker is planning to release three “core” collections, with each collection meticulously conceived, designed, and overseen by the creative studio 0xNXT. In addition to this, Mercedes-Benz NXT has set its sights on initiating various satellite projects within its NFT ecosystem.

Aspiring collectors should mark their calendars for June 7, when the sale goes live via a Dutch auction.

Fingerprints DAO, a decentralized autonomous organization with a deep-rooted presence in the digital art space, plays a crucial role in this venture. The organization’s existing gallery of NFT art is a veritable wealth of digital artwork, painstakingly curated by a community-elected Curation Committee. Fingerprints DAO’s collection goes beyond the usual and includes remarkable pieces like Autoglyphs by Larva Labs and Loot Bags, among other unique works considered “inimitable and irreplaceable.”

Together, Fingerprints DAO, Harm van den Dorpel, and Mercedes-Benz NXT are pushing the pedal to the metal, speeding towards the ever-evolving intersection of art and technology.

However, Mercedes-Benz isn’t the only carmaker dipping its tires in this digital terrain. Other major players in the automotive world, such as Aston Martin and Renault, have also entered the Web3 arena.

In a nutshell, these car manufacturers are charting a new course, offering their clientele a unique driving experience. Only this time, instead of physical vehicles and open roads, they’re delivering this experience through digital art and virtual environments. This marks an exciting new direction in the overlap of art, technology, and the automotive industry.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CoinReporter.io and EUReporter.co does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Bitcoin

Coinbase Teams Up with Apple Pay to Simplify Cryptocurrency Purchases

Published

5 days ago

December 4, 2024

Editor

In a significant stride towards mainstream adoption of cryptocurrency, Coinbase, one of the largest and most recognized crypto exchanges in the United States, has announced a partnership with Apple Pay. This collaboration marks a pivotal moment in the integration of traditional payment methods with the burgeoning world of digital currencies, making it easier than ever for consumers to enter the crypto space.

Streamlined Access to Cryptocurrency

The integration of Apple Pay into Coinbase’s Onramp platform means that users can now purchase cryptocurrencies like Bitcoin, Ethereum, and others using Apple’s payment service directly within third-party apps. This move is aimed at simplifying what has historically been a complex process of converting fiat currency into crypto. Coinbase Onramp, formerly known as Coinbase Pay, now supports Apple Pay, offering an almost instantaneous method for users to fund their crypto purchases. This is particularly beneficial for those new to the crypto ecosystem, reducing the barriers to entry by eliminating the need for multiple exchanges or lengthy KYC (Know Your Customer) procedures.

A Leap Towards Mainstream Adoption

This partnership signifies more than just a technical integration; it’s a clear signal of cryptocurrency gaining legitimacy in the eyes of major corporations. With Apple Pay boasting approximately 640 million active users worldwide, and over 90% of retailers in the U.S. accepting it, this integration could potentially expose millions to the world of cryptocurrency. The move also comes at a time when the crypto market is experiencing renewed interest, with Bitcoin nearing $100,000, fueled by pro-crypto sentiments from incoming political administrations.

Benefits for Developers and Users

For app developers, this integration is seamless. Those already using Coinbase Onramp don’t need to take any extra steps; Apple Pay will automatically appear as an option for eligible purchases. This is particularly advantageous for developers of blockchain and crypto-focused apps, who can now offer their users a familiar and trusted payment method. Users benefit from a faster, more secure, and straightforward payment process. The convenience of using Apple Pay for crypto transactions is expected to encourage more frequent and less cumbersome trading activities.

The Broader Impact

The collaboration could serve as a catalyst for other tech and financial giants to explore similar integrations, potentially leading to a broader acceptance of cryptocurrencies in everyday transactions. However, it’s important to note that while Apple Pay can now be used for buying crypto, it does not yet support selling or converting crypto back into fiat through this method, showing that while the integration is innovative, it’s a step in what might be a longer journey towards full crypto-fiat interoperability.

Conclusion

Coinbase’s partnership with Apple Pay is a testament to the evolving landscape of digital finance where traditional and new-age technologies are merging to create more accessible, secure, and efficient financial systems. As cryptocurrencies continue to gain traction, such integrations could play a crucial role in normalizing digital assets within the mainstream economy. This development not only underscores Coinbase’s commitment to enhancing user experience but also reflects Apple’s nuanced shift towards embracing the crypto industry, potentially foreshadowing further innovations in this space.

This integration is not just about simplifying transactions; it’s about shaping the future of how we interact with money, blending the security and convenience of established payment methods with the innovation of blockchain technology.