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Talent Giant UTA Signs Prominent NFT Projects Cryptopunks, Autoglyphs, and Meebits

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Talent Giant UTA Signs Prominent NFT Projects Cryptopunks, Autoglyphs, and Meebits

Talent Giant UTA Signs Prominent NFT Projects Cryptopunks, Autoglyphs, and Meebits

On Tuesday, the global talent, sports, and entertainment agency, United Talent Agency (UTA), announced the company has signed three non-fungible token (NFT) projects created by the firm Larva Labs. UTA will work with the NFT collectibles and intellectual property (IP) for Cryptopunks, Meebits, and Autoglyphs across television, film, licensing, publishing, and video games.

UTA to Work With 3 Larva Labs Projects Including Cryptopunks

The American talent firm based in Beverly Hills, California, United Talent Agency (UTA), has been a growing force since it was established in 1991. With close to 1,000 employees and various divisions, UTA works with merchandise branding and licensing, film, television, digital, books, music, video games, marketing, fine arts, news, and broadcasting. Now UTA is stepping into the world of Larva Labs as it will represent three popular non-fungible token (NFT) projects minted by the NFT startup.

This means that the company’s intellectual property (IP) associated with the NFT collectibles can be marketed and sold in different ways. Bitcoin.com News has covered the project Cryptopunks on various occasions as the NFT project with 10,000 unique punks has seen millions of dollars in sales.

Talent Giant UTA Signs Prominent NFT Projects Cryptopunks, Autoglyphs, and Meebits
Cryptopunks by Larva Labs.

In the last seven days, Cryptopunk #9052 sold for 500 ether or $1,410,320 at the time of exchange. The first time Cryptopunk #9052 sold, it was for 18 ether or $22,215 at the time of sale. On Tuesday, Cryptopunk #4526 sold for 225 ether or $766,325, and Cryptopunk #1254 sold for 166.66 ether or $568,757 at the time of exchange.

“Crytpopunks were a pioneering collectible when they debuted four years ago and they continue to set the standard in the NFT space,” Lesley Silverman, head of UTA Digital Assets said in a statement sent to Bitcoin.com News. “We are excited to break new ground through our first-of-its-kind representation of Larva Labs’ beloved projects and look forward to expanding the places fans can experience them.”

Meebits and Autoglyphs — UTA’s Other Brokered NFT Deals

Meebits and Autoglyphs have also been popular NFTs and UTA will be working with these Larva Labs brands as well. Autoglyphs was created in 2019 and there are only 512 onchain generative NFTs — or “glyphs” — in the collection. Autoglyphs are not cheap and on August 31, two sold for over a million dollars per onchain glyph. On Tuesday, Autoglyph #463 sold for 460 ether or $1.582 million and eight hours before that, Autoglyph #403 sold for 449 ether or $1.512 million at the time of sale.

Talent Giant UTA Signs Prominent NFT Projects Cryptopunks, Autoglyphs, and Meebits
Autoglyphs by Larva Labs.

Meebits was launched by Larva Labs in the spring of 2021 and is the team’s latest collection. There are approximately 20,000 different 3D Meebit characters in the bunch and each one was created with a generative algorithm. 5,156 unique Ethereum addresses hold at least one Meebit NFT and one owner holds 346 Meebits, according to Dune Analytics.

Talent Giant UTA Signs Prominent NFT Projects Cryptopunks, Autoglyphs, and Meebits
Meebits by Larva Labs.

Dappradar.com shows that all-time statistics for Meebits sales is approximately $53.249 million on August 31. On Monday, Meebit #2850 sold for 72 ether or $232,609, and the day after, Meebit #13682 was purchased for 40 ether or $136,486.

Matt Hall, an executive at Larva Labs, said the startup looks forward to working with UTA and he thinks the projects will benefit from the firm’s talent expertise.

“We are excited to work with UTA for the benefit of the entire community connected to our projects,” Hall said. “Not only for the exciting opportunities to bring them wider exposure, but to help protect their growth and value for the long term,” he added.

UTA has also been working with other NFT projects and artists like Thankyoux and Hans Zimmer. The talent agency is also working with NFTs for Halsey’s artwork collection “People Disappear Here,” Klutch Sports, and a digital collection for NBA rookies.

“UTA Digital Assets was one of the first among major agencies to delve into the crypto and NFT space,” UTA’s announcement concludes.

What do you think about UTA representing the three NFT projects crafted by Larva Labs? Let us know what you think about this subject in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Larva Labs, Cryptopunks, Autoglyphs, Meebits

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. Bitcoin.com 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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BTC, ETH, XRP, ZEN, SNX, WAVES, AVA – Technical Analysis Sept 16

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BTC, ETH, XRP, ZEN, SNX, WAVES, AVA – Technical Analysis Sept 16

Bitcoin (BTC) and Ethereum (ETH) have broken out from descending parallel channels.

XRP (XRP) is trading above the $1.05 horizontal support area.

Horizen (ZEN) is trying to break out above the $108 resistance area.

Synthetix (SNX) has broken out from an ascending triangle.

Waves (WAVES) has moved above the $26.80 resistance area.

Travala.com (AVA) has broken out from a descending resistance line.

BTC

BTC has been moving upwards since Sept 14. On Sept 15, it managed to break out from a descending parallel channel and accelerated. 

The upward move is supported by both the RSI and MACD, which are increasing. The former has even crossed above 50. 

BTC is approaching the 0.618 Fib retracement resistance level at $49,050. However, due to a confluence of Fib levels, it’s possible that it could increase all the way to $50,750.

ETH

On Sept 15, ETH broke out from a descending parallel channel that had been in place since Sept 7. It has been increasing at an accelerated rate since. 

The upward move is supported by both the increasing MACD and RSI readings. 

However, ETH has reached a confluence of Fib resistance levels between $3,625 and $3,635. These levels are the 1:1.61 length of waves A:C and the 0.618 Fib retracement resistance level (white).

XRP

On Aug 13, XRP broke out from the $1.05 horizontal resistance area. It proceeded to reach a high of $1.41 on Sept 6 before dropping sharply the next day. 

Following this, it validated the $1.05 area as support. 

However, even though XRP is trading above the $1.05 support area, indicators are bearish. The MACD and RSI are both decreasing.

ZEN

ZEN has been increasing above an ascending support line since July 16. On Sept 6, it was rejected by the $108 horizontal resistance area and returned to validate the support line once again. 

However, ZEN rebounded and made another breakout attempt on Sept 15. 

Despite the strong bounce, ZEN failed to break out. In addition, both the RSI and MACD have created bearish divergences. 

Therefore, at the current time, we cannot determine if ZEN will be able to move above this resistance.

SNX

SNX began trading inside an ascending triangle on May 21. After several unsuccessful attempts, it managed to break out on Sept 15. 

The breakout is supported by the increasing MACD and RSI values. 

The closest resistance area is found at $23.80.

WAVES

WAVES has been increasing above an ascending support line since July 20. 

On Aug 31, it broke out above the $26.80 resistance area. 

After this, it returned to validate the area as support, also touching the ascending support and Supertrend lines (green icon). It has been moving upwards since. 

The closest resistance area is at the all-time high level near $38. 

AVA

On Aug 14, AVA broke out from a descending resistance line that had been in place since April and reached a high of $5.40 on Sept 6. 

However, it was rejected by the $5.40 resistance area and fell. 

It then found support at $3.50, creating two lower wicks. In addition to this, the RSI has generated a hidden bullish divergence, which is a common sign of trend continuation.

Therefore, AVA could be on its way to revisit the $5.40 resistance area.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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AMC to Support Ethereum, Litecoin, and Bitcoin Cash Following BTC Adoption

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AMC to Support Ethereum, Litecoin, and Bitcoin Cash Following BTC Adoption

AMC Theatres will accept payments in Ethereum, Litecoin, and Bitcoin Cash by the end of 2021, in addition to bitcoin.

AMC Theatres, the world’s largest theater chain, has announced that it will accept more cryptocurrencies for payment by the end of 2021. The cryptocurrencies that it will support include bitcoin, ethereum, litecoin, and bitcoin cash. This marks yet another notable adoption for the cryptocurrency market, which has had a stellar 2021.

AMC expands crypto payment options

The company’s CEO, Adam Aron, tweeted the news on Sept 16, saying that crypto could be used to pay for online ticket and concession payments by the year’s end. AMC revealed that it would accept bitcoin in August 2021, to much fanfare.

This year has already seen Tesla accept bitcoin as payments for its electric vehicles, though it suspended that later. PayPal has also expanded into cryptocurrencies and is ramping up its support for the market.

The news of AMC Theatres accepting cryptocurrency payments will please investors, as the chain is a notable brand with some clout. The firm has also come to the attention of the public lately for its support from within Reddit’s wallstreetbets community. While the support was not quite as strong as it was for GameStop, those retail investors have helped drive the price of AMC’s stock up.

In short, the acceptance of crypto payments should stir further interest from a community that is already knowledgeable about crypto. Incidentally, GameStop also announced a foray into the blockchain and crypto space when it announced that it was working on a series of NFTs.

Bitcoin and crypto steadily seeing greater adoption

The crypto world has been subject to a lot of good news in terms of adoption this year. The support coming for crypto payments has been varied, with entities in a highly varied set of industries taking the step. The signs have been very optimistic at the retail level.

The travel industry can benefit a great deal from bitcoin payments — and a luxury hotel in Switzerland has gone to facilitate that. Switzerland, which is known for its hub of crypto companies and entrepreneurs, has over 85,000 merchants supporting crypto payments.

Other established companies supporting crypto payments include auction house Lloyd’s. Auction houses have been very interested in blockchain technology, particularly NFTs. Many of them have conducted auctions for NFTs, selling them for many millions.

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All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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El Salvador’s Chivo Bitcoin Wallet Crosses 500,000 Users

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El Salvador’s Chivo Bitcoin Wallet Crosses 500,000 Users

El Salvador’s Chivo bitcoin wallet has already crossed 500,000 users, as revealed by local news reports.

El Salvador’s digital bitcoin wallet Chivo has already hit half a million users, according to reports from local media. The country introduced the wallet on Sept 7.

Users receive $30 in bitcoin when they download the wallet for the first time as an incentive. As of Sept 7, the country had purchased 400 bitcoins for its coffers — which by all accounts is ambivalent in terms of its success.

El Salvador’s bitcoin integration is off to a somewhat rocky start, as there have been several protests against its adoption. Protests have come from both opposition forces and citizens — with the latter marching in the streets and even filing a lawsuit.

The country has used a number of measures to incentivize people to use bitcoin. Foreigners, for example, are exempt from paying capital gains tax on their bitcoin profits. In addition, they receive permanent residency if they decide to move and have an entrepreneurial venture.

https://s32659.pcdn.co/wp-content/uploads/2021/09/El-Salvador.mp4
Source: /u/kiarga

Some El Salvadorians have taken to Reddit to talk about the general sentiment surrounding bitcoin. The country celebrated its Independence Day on Sep. 15, and many protested against the current government in the streets. News broke that vandals destroyed bitcoin ATMs in the country, which is further evidence of displeasure with the new law.

One Redditor spoke about bitcoin further cementing existing inequalities — a concern that was one of the major issues citizens have with the government. They also note that the bitcoins in the Chivo wallet could be seized by the government.

One thing that cannot be denied is the fact that BTC payments do indeed reduce costs for cross-border payments. Other countries in the region are keeping a close eye on the development, which is the first of its kind.

Will more countries follow?

It’s unlikely that a large swathe of countries will follow El Salvador’s lead. Most governments are determined to release their own central bank digital currency (CBDC). Those that have accepted cryptocurrencies as an asset class have done so begrudgingly and are laboring to form a regulatory framework.

The idea of making bitcoin legal tender has been rebutted by China, India, and Russia. With important economies dismissing the asset as having such an important role in the economy, most other countries will likely take the same position.

Having said that, the El Salvador bitcoin experiment could turn up some surprising results. If bitcoin does indeed become the medium for cross-border transactions, then this could encourage more countries to do the same.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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