The Dawn of a New Wallet

Robinhood is taking the plunge into the crypto void with their brand new noncustodial wallet. Forget about awkward virtual handshakes; this wallet promises to be compatible across multiple blockchains. You can expect a standalone application that goes beyond just holding your digital pennies—it also supports nonfungible tokens (NFTs) and connects seamlessly to NFT marketplaces. Yes, that means you will soon be able to flaunt your Ethereum-based NFTs like the digital rockstars you are.

No Fees, No Fret

Picture this: a world where you can trade and swap crypto without those pesky network fees nibbling at your wallet. Robinhood is stepping in with a new web3 wallet that opens up the gates. Sure, it’s all nice and shiny, but early access is limited, so you better put your name on that list before you can truly strut your stuff.

From Closed Doors to Open Wallets

Just a few moons ago, Robinhood had what can only be described as a fortress-like approach to crypto trading. Users were stuck within the confines of their system, staring at virtual coins they couldn’t even withdraw. But since January 2022, the barriers collapsed, and thousands of lucky users have been granted access to take their crypto OFF the platform. By April, that number ballooned to over 2 million eager traders lined up for their escape. Sounds like a crypto jailbreak!

Limited but Mighty

As it stands, Robinhood’s wallet is a bit of a gatekeeper. With an identity verification process in place, not everyone is getting in. Currently, it only supports seven digital darlings: Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dogecoin (DOGE), Ether (ETH), Ethereum Classic (ETC), and Litecoin (LTC). It may not be a buffet, but seven carefully chosen assets can be just the right amount for crypto newcomers.

LimeWire’s Spectacular Rebirth

Switching gears, let’s hop over to LimeWire, the old-school favorite that’s back and hot on the NFT trend. This peer-to-peer file-sharing site from yesteryear has inked a deal with Universal Music Group for artists to launch their very own NFT projects. How’s that for a comeback? According to UMG, artists can offer everything from exclusive audio recordings to backstage passes. And who wouldn’t want to own a piece of musical history in NFT form?

Circling Back to Music

Holger Christoph from UMG has made it clear that they’re fully diving into the thrilling Web3 waters and creating projects that actually mean something. Remember when LimeWire was the bad boy of music sharing? Now, they’re teaming up to support artists rather than put them in legal hot water. Talk about growth!

Copycats and NFTs

In the wild world of NFTs, imitation can, unfortunately, be the sincerest form of flattery. The “Okay Bears” NFT collection made headlines as the first Solana NFT to crush the competition on OpenSea. But hold your horses—enter “Not Okay Bears,” a wacky knock-off that catapulted to the top of the rankings by flipping designs from the original. OpenSea quickly swatted them down with a delist, showing that not all bears are meant to roam freely.

Catch Up on Nifty News

• Linktree is now NFT-friendly, allowing users to flaunt their collections.
• The Sandbox metaverse has partnered with Studio Dragon to produce a Korean drama series, minting new NFTs in the process.